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UK manufacturing export orders jump
(MENAFN) Orders for UK manufacturing exports reached its highest in 2 years, while the weaker pound pushed up price expectations to their top amid a year.
Accordingly, of all factory orders dropped slightly in August to -5, but that beat a median forecast of -9.
Moreover, manufacturers were more positive as output expectations for the coming three months increased to 1 from 6 in July.
A post-referendum decline in sterling was likely to help the economy, while opponents proclaimed that the outcome of June vote could tip the country into recession.
Accordingly, of all factory orders dropped slightly in August to -5, but that beat a median forecast of -9.
Moreover, manufacturers were more positive as output expectations for the coming three months increased to 1 from 6 in July.
A post-referendum decline in sterling was likely to help the economy, while opponents proclaimed that the outcome of June vote could tip the country into recession.
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