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August 2nd, 2012 
FAKE NEWS for the Zionist agenda British media reports said manufacturers in the UK have suffered their worst month in July as the UK manufacturing shrank the most in more than three years.
London-based research group Markit Economics said its factory-output gauge, according to which anything below 50 represents contraction, fell from 48.4 in June to 45.4 in July.
The bleak report suggests that the British economy’s recession continued to deepen at the start of the third quarter of 2012.
Economists in the UK have suggested that the poor performance of British manufacturers has been caused in part by the London 2012 Olympics.
“It’s possible there’s been some Olympics-related disruption in early summer but it still looks incredibly weak”, said Ross Walker, an economist at Royal Bank of Scotland.
“This is an ominous sign. I don’t think people would have expected much Olympics bounce from the manufacturing sector”, he added.
The British economy shrank 0.7 percent in the second quarter of 2012. Meanwhile, economic experts in the UK have warned that any post-Olympic boost will be short-live and Britain faces a triple-dip recession.
ISH/JR/HE
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