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UK Production High as Exports Grow

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U.K. factory production reached a two-decade high point in the second quarter of the year, as optimism about export orders grew to the highest since the 1970s.

A Confederation of British Industry survey showed that volume output rapidly grew, with the CBI index reaching its strongest reading since 1995.

A gauge of expectations for export orders for the next three months climbed to the highest in 40 years. Inflation pressures eased as a measure of domestic prices fell while export prices were unchanged.