British Economy: Growth remains slow ahead of Brexit
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Looking at Great Britain's economy now. Fresh data shows that the British economy remains on a slow path ahead of Brexit.
The Office of National Statistics said Friday that Britain's manufacturing output inched up just 0.1 percent month-on-month in January. That came as construction output plunged 3.4 percent. That was the biggest drop since June 2012. Meanwhile, industrial output rose 1.3 percent in January, reversing December's 1.3 percent fall. The increase followed the reopening of Britain's biggest oil and gas pipeline. The government data also showed that Britain's goods trade deficit with the rest of the world widened slightly in January to about 12 billion pounds. That came as the total trade deficit for last year's fourth quarter was revised down to 7.8 billion pounds from 10.8 billion.