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UK manufacturers to see a slowdown; UK GDP growth to inch up in July
Early this week the IHS/Markit Institute indicated that the British manufacturing industry had slowed down to its lowest expansion rate since July 2016 – July 2016 was just after the Brexit referendum – as the country’s export business contracted for the first time in more than two years despite the weakness in the sterling relative exchange rate. The worrisome numbers have now shifted attention to the UK industrial figures due on Monday which could add further fuel to concerns that Brexit and trade uncertainties have already started to put breaks on the UK’s industrial growth. Still, fresh GDP growth ... (full story)