New Bank of England governor Mark Carney was handed a first-day gift today as the steepest surge in manufacturing activity for more than two years fuelled hopes over growth. Manufacturing output surged to a 25-month high of 52.5 in June, above the 50 mark which separates growth from contraction, the Markit/CIPS purchasing managers' index (PMI) showed. That was solidly above economists' expectations for a minor gain on May's reading, and will ease pressure on Mr Carney to pump more stimulus into the...
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