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U.K. Economy Expanded Less Than Forecast as Production Cooled
U.K. economic growth cooled as manufacturing contracted for a third quarter and construction shrank the most since 2012, a sign that Britain may be falling prey to global headwinds. Gross domestic product expanded 0.5 percent in the three months to September from the previous period, when it grew 0.7 percent, the Office for National Statistics said in London on Tuesday. The median estimate in a Bloomberg News survey of economists was 0.6 percent. Construction shrank 2.2 percent, manufacturing contracted 0.3 percent, while overall production growth cooled to 0.3 percent from 0.7 percent in the second quarter. Growth ... (full story)
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