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Home International Customs

British manufacturing output shrinks on low exports to Europe

byMonitoring Report
10/12/2014
in International Customs, World Business
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LONDON: Output at Britain’s factories shrank as weak export demand continued to take its toll, raising fresh fears about the recovery and underlining how unbalanced the economy has become.

Official figures showed that manufacturing contracted by 0.7 per cent between September and October, the largest decline since May. New estimates of past growth by the Office for National Statistics also showed that the industry rebounded from the crisis more slowly than thought.

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