U.K. manufacturing data beats expectations

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Manufacturing activity index in the U.K. jumped from 50.2 in April to 51.3 in May - the highest level in 14 months, while economists predicted an increase to 50.3. The level above 50 indicates expansion of the sector. The economy in the U.K. is recovering, although not fast enough, according to Mervyn King, the Governor of the Bank of England. Better than expected data might make the central bank to maintain its current stimulus targets.
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