Households drive British surge again

Households drive British surge again

The UK economy is still reliant on spending by households notwithstanding the squeeze on their finances. Meanwhile, business investment inched up slowly, hinting at caution among UK companies ahead of Brexit, as official data for the third quarter disclosed.

In the third quarter, Britain's economic surge accelerated modestly to 0.4% versus 0.3% in the second quarter, as the Office for National Statistics informed on Thursday. It absolutely confirmed a preliminary outcome.

The breakdown of the data disclosed that spending by UK households drove the national economy once again even as they were affected by slow wage ascend and a leap in inflation, which followed the 2016 Brexit vote, backing a soar in borrowing.

On Wednesday, the country’s budget watchdog happened to take an axe to its economic surge estimates for every year into the early part of the upcoming decade because it reduced its projections for productivity surge, which is the weak point of the British economy.


China property will decelerate in 2019

In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…

Japanese economy contracts most for four years

In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera