UK manufacturing rebounds in January; pound firms
Posted on March 9, 2016 at 12:28 pm GMTUK industrial and manufacturing output rebounded in January following a slump towards the end of last year. Manufacturing output expanded for the first time in four months, jumping by a better-than-expected 0.7% month-on-month rate, against expectations of a 0.2% rate. Overall industrial production also posted positive growth after contracting by almost 2% in the prior two months combined. Total production output rose by 0.3% month-on-month in January, slightly below estimates of a 0.4% increase. On an annual basis, manufacturing output [..]