Brexit latest: UK industrial output shrinks for a third month in a row

Peace and Freedom

Output fell by a monthly 0.5 per cent – a sharper decline than expected by economists taking part in a Reuters poll – and output in February was revised lower

By William Schomberg, Alistair Smout
The Independent

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British industrial output shrank for a third month in a row in March, official data showed on Thursday, underscoring how the impact of last year’s Brexit vote has begun to weigh on the economy.

The Office for National Statistics also said Britain’s trade deficit widened by more than expected, a further setback for hopes that the fall in the value of the pound since the European Union membership referendum would help rebalance the economy.

Industrial output fell by a monthly 0.5 per cent – a sharper decline than expected by economists taking part in a Reuters poll – and output in February was revised lower.

The manufacturing sector, which is part…

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