Wednesday June 3, 2020

British exporters may be reaping sterling benefits

Trade deficit narrows, while building output steady in July

9th September, 2016
Weaker sterling helping British exporters. Pic: Pixabay

New figures show that the British building industry fared better than expected in the wake of the Brexit vote.

Construction output was unchanged in July compared with June, the Office for National Statistic said. Economists had expected a decline of 0.5 per cent.

Separate figures showed the country's trade deficit narrowing as exports rose.

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