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Strong comebacks in manufacturing and trade data calm fears over recovery

UK manufacturing and international trade both increased in September, after concern that the UK's recovery was petering out. Following a summer lull, manufacturing output rose 0.8% in September compared with August, although it was still lower in the quarter from June to September than in the previous quarter. Including oil production, gas, electricity and other utilities, total industrial production grew 0.2% in the third quarter. UK trade in goods and services was also stronger in September than in the previous two months, with the trade deficit falling to £1.4bn from £2.9bn in August and £4.3bn in July. The recovery from a summer downturn will provide succour to exporters hit by sterling's appreciation over the past year.

 

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