Economics
U.K. Builders Weather Brexit Vote and Exports to EU Surge
- Construction output unchanged, defying expectations of a fall
- Trade deficit narrows as exports to EU surge more than 9%
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The U.K. building industry fared better than expected in the wake of the Brexit vote and exports jumped.
Construction output was unchanged in July, the Office for National Statistics said Friday. A decline of 0.5 percent had been predicted in a Bloomberg survey. Separate figures showed the trade deficit narrowing as exports to the European Union surged the most in almost six years.