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UK output eases but exports up

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A recent report said that while UK manufacturing levels are slowing, exports are lifting slightly.

The report added that export levels rose for the third consecutive month, boosted by new business from the USA, Germany, Sweden, Turkey, the Middle East, Japan, China and other Asia-Pacific nations. The Government is keen to boost UK exports as it attempts to rebalance the country’s economy away from its reliance on financial services.

However, the report pointed out that the strongest growth in the sector came from consumer goods producers, with the industry still focused around domestic consumption.