U.K. Manufacturing Jumps, Construction Falls as Quarter Starts
- Output boosted by car production, building work hit by housing
- Revisions suggest net trade was less of drag on GDP in 2Q
Luxury Briefcase Manufacturing At The Alfred Dunhill Ltd. London Leather Workshop
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The U.K. economy made a mixed start to the third quarter, output figures published Friday suggest.
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 consecutive month after a plunge in new orders in the second quarter.