Economics
U.K. Growth Outlook Cut as Trade Proves Little Help to Economy
- Business lobby group BCC sees no material boost from pound
- Manufacturing jumped in July in mixed start to quarter
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The U.K. economy made a mixed start to the third quarter and a major business group said companies weren’t seeing much benefit from the weaker pound.
Manufacturing rose in July for the first time this year, boosted by a strong rebound in car production, and the trade deficit was little changed from a downwardly revised June. But construction shrank for a fourth month after a plunge in new orders in the second quarter.