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Business output has increased for the first time after declining for more than a year, a study shows.

Advisory group BDO LLP said its research suggested the UK economy had stabilised in a “lower gear” than before the EU referendum.

The report warned of a “bumpy road” ahead next year, with the rate of inflation set to rise.

Peter Hemington, partner at BDO LLP, said: “This uptick in business output is a welcome boost during a turbulent time for businesses and the whole economy.

“However, businesses remain nervous during this period of Brexit limbo and this nervousness is a significant contributor to the slower rate of growth we are seeing.”

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