U.K. Economy Expands 0.7% On Robust Consumer Spending

Posted on Nov 26, 2014

The U.K. economy registered robust growth as estimated in the third quarter as strength in consumer spending offset the weakness in exports and business investment. Gross domestic product grew 0.7 percent sequentially in the third quarter, unrevised from the previous estimate published on October 24, second estimates from the Office for National Statistics showed Wednesday.

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