ECONOMICS COMMENTARY
May 09, 2014
UK manufacturers enjoy second-best calendar quarter for 15 years
The UK manufacturing sector enjoyed its second-best calendar quarter of growth for fifteen years at the start of the year, with production up 1.4% on the closing quarter of 2013. Construction meanwhile also grew twice as fast as previously thought in the first quarter, up 0.6%. Marring the picture was a marked fall in exports in the first quarter, though we take the recent trade data with a pinch of salt.
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