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UK factory output slumps in July, BOE seen wary on rates

Exports of goods dropped by more than 9 per cent, the biggest fall since July 2006, the ONS said.


A SLUMP in manufacturing in July and a sharp widening of the trade deficit show Britain's economic recovery is losing some steam and may prompt the Bank of England (BOE) to stress that it is in no rush to raise interest rates from crisis-era lows.

Factory output suffered its...

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