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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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, the Office for National Statistics said on Wednesday. Business investment fell 0.7 per cent, the first decline in more than a year, and exports dropped 0.4 per cent. Net trade acted as a drag on the economy.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
