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UK Manufacturing Growth

August 21, 2018

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U.K. manufacturing continues to benefit from the weaker pound, the Confederation of British Industry said in a report published on August 21.

While overall growth eased slightly in August, output and orders expanded at a pace above the long-term average.

Exporters, aided by the currency’s depreciation since the Brexit vote, are doing especially well. Export orders “remained strong,” the CBI said.

Manufacturing expanded in 13 sectors out of 17, with food, drink and tobacco giving the biggest boost to growth.

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