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Monday , August 21 2017
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British manufacturing output shrinks on low exports to Europe

British manufacturing output shrinks on low exports to Europe

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.