U.K. Factories Post Best Year Since 2014 as Exports Boom
- Manufacturing in longest run of gains since the 1980s
- Trade deficit narrows in 2017 as exports surge 11 percent
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U.K. factory production extended its record run in December, capping the strongest year since 2014.
Manufacturing rose 0.3 percent from November, the Office for National Statistics said Friday. Overall industrial output slumped a larger-than-forecast 1.3 percent after the closure of a key North Sea pipeline led to a steep drop in oil output.