Euro area’s recovery continues as GDP accelerates and factory output remains strong
- Latest: Eurozone grew by 0.6% in the last quarter
- Analysts: Europe looks surprisingly strong
- UK only grew by 0.3%, slower than France and Spain
- Eurozone factories keep growing
- UK factories boosted by exports
- Chinese factory growth hits four-month high
- British Gas hikes prices
Although Britain is lagging behind the eurozone this year, it has still done better since the financial crisis.
Ben Chu of the Independent has the details:
…though important to note that, since 2008, UK GDP has grown almost twice as fast. Eurozone’s stronger growth now likely partly cyclical pic.twitter.com/3nFlyHkjon
Robert Ward of the Economist Intelligence Unit says Europe’s brisk growth is overshadowing Britain right now….
#Eurozone GDP growth brisk at 0.6% in Q2. Overshadows UK’s 0.3% in same quarter. Spain outperforms. EZ recovery putting down deeper roots.