Eurozone outpaces UK with fastest growth since 2011 – business live

A strong performance by France has helped the euro area post its strongest annual growth since the debt crisis in 2011Latest: Eurozone has posted another quarter of growthEurozone has grown by 2.5% over the last yearUK has only grown by 1.5% in the same timeEurozone jobless rate has fallen to lowest since 2009Earlier:France grew by 2.2% over last yearNewsflash: French GDP rose by 0.5% in the last quarterConsumer spending and business investment both jumpedExperts: French recovery is on track 2.03pm GMT Over in the US, and consumers were more confident than expected in October.The Conference Board’s consumer confidence index came in at 125.9, better than the 121 figure forecast by analysts. It was also higher than September’s 120.6, itself revised upwards from 119.8. 1.37pm GMT Right, time for a quick recap….The Eurozone is on track to grow faster than America and the UK this year, after reporting better-than-expected growth figures over the last quarter.ING Bank 1/2: An impressive report card for the Eurozone economy as GDP growth comes in at 0.6% QoQ and the unemployment rate drops to 8.9%.“It is easy for businesses to fall into the trap of over-cautiousness when the UK’s own growth rate is slower, but capitalising on Eurozone successes now will help companies to secure their future.Businesses can and should be doing as much as they can to drive up productivity and activity through positive investment in both people and assets, taking advantage of positive economic conditions to help them navigate successfully through times of uncertainty, and emerge in a position of strength.” Continue reading…
Via: Eurozone outpaces UK with fastest growth since 2011 – business live