Fragile world economy takes toll on manufacturing as trade deficit widens to 3.4bn in July from £2.6bn in JuneBritain’s goods exporters suffered their worst month for nearly five years in July,and output from the key manufacturing sector fell sharply, in the first evidence that the fragile global economy may be taking its toll on the recovery.
The monthly overall trade deficit in goods and services widened to £3.4bn in July, and from £2.6bn in June,according to the Office for National Statistics (ONS).
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Source: theguardian.com