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UK manufacturers post modest recovery from Brexit shock

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London - UK manufacturers staged a modest rebound from the initial shock of the Brexit vote, as a weaker pound boosted overseas demand for cars.

Output rose 0.2% in August, less than the 0.4% predicted in a Bloomberg survey, Office for National Statistics data published Friday show. It followed a 0.9% drop in July in the aftermath of the shock decision to leave the European Union (EU).

Total industrial production fell 0.4%, driven by a drop in oil and gas extraction.

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