Friday 26 July 2013

UK economy accelerates in second quarter

Global economic data on Thursday were quite positive.

In the UK, the economy appears to have gained momentum. GDP grew 0.6 percent in the second quarter after having risen 0.3 percent in the first quarter.

Elsewhere in Europe, there was also good news from Germany. The Ifo institute’s business climate index rose to 106.2 in July from 105.9 in June.

And in the US, durable goods orders rose 4.2 percent in June. Orders for non-defence capital goods excluding aircraft rose 0.7 percent.

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