No Picture
Corporate Business

U.K. Factory Production Unexpectedly Jumped in June by 0.4%

U.K. manufacturing unexpectedly jumped in June by the most in 1 1/2 years as factories raised production of cars and computers, evidence the recession is easing. Output rose 0.4 percent from the previous month, the Office for National Statistics said today in London. Economists predicted a 0.1 percent drop, according to the median of 25 forecasts in a Bloomberg News survey. Factory production is down 11.7 percent from a year ago.