The downturn in British manufacturing eased off a little in August, although the...
FILE PHOTO: Corus steelworks is seen at Teesside, northern England January 26, 2009. REUTERS/Nigel Roddis
The Confederation of British Industry’s monthly order book balance rose to -13 from -34 in July. A Reuters poll of economists had pointed to a weaker reading of -23 in August. Official data earlier this month showed manufacturing output, which accounts for 10% of the economy, dropped in the second quarter at the fastest pace in a decade, contributing to fears of a recession in Britain.
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