UK car output surge bodes well for manufacturing

Newswire

LONDON, Sept 24 (Reuters) - Car production in Britain surged by 28.7 percent on a seasonally-adjusted basis in August, giving hope to manufacturers who have been in the doldrums for much of the past year, official data showed on Tuesday. Economists said the stronger than expected rise, which could have been partly due to distortions caused by the Golden Jubilee celebrations earlier in the summer, contradicted a recent raft of data showing a fast slowing economy. "There is certainly ...

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