You are here

Consumer spending drives UK economy to 7th quarter of growth as exports, investment decline

Household spending increases 0.8% in Q3, the most since Q2 2010

BT_20141127_DROP27_1386048.jpg
The Office for National Statistics report underlines Britain's reliance on domestic spending as the euro-region economy slumps.

London

THE biggest increase in consumer spending in more than four years drove the UK economy to a seventh straight quarter of growth, as exports and corporate investment declined.

Household spending rose 0.8 per cent in the third quarter, the most since the second quarter of 2010

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom