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UK industrial output and trade deficit point to a weaker Q3

FXStreet (Mumbai) - The UK industrial production fell more than forecast in September, while the goods trade deficit widened pointing to a weaker Q3 than previously expected.

The Industrial production fell 0.2% in September, more than the 0.1% decline. The goods-trade deficit in Q3 widened by GBP 6 billion to GBP 32.2 billion as exports dropped 7.9%.

Manufacturing production rose 0.8% in September from August, the most since April 2014, the ONS said on Friday. But the production was still down 0.4% in Q3, which is higher than the previously expected contraction of 0.3%.

The drop in the exports is in line with the fall in the new export orders highlighted by the monthly PMI report released in Q3.

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