U.K. economy jumps on consumer spending

Note: This section contains information in English only.
Source: Bloomberg
Economic growth in the United Kingdom climbed to 0.8% in the first quarter of this year, in line with the preliminary estimations. Consumer spending increased 0.8% and added 0.5% to the overall GDP advance. Thefore, country's economy surges for the 10th consecutive quarter. At the same time, exports decreased 1% in Q1, while imports shrank 1.1%. Government spending added 0.1%.
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Thu, 22 May 2014 11:01:05 GMT

U.K. budget gap increases in April

Public sector borrowing in the United Kingdom surprisingly climbed in April of the current year, considerably exceeding analysts' forecasts. In total, the government borrowed 9.6 billion pounds last month, up from 6.1 billion pounds in March, while experts awaited the indicator to fall to 3.5 billion pounds. Meanwhile, the central government debt reached 1,270.8 billion pounds or 75.6% of GDP.

Thu, 22 May 2014 10:39:05 GMT

WTI fluctuates on China's factory data

West Texas Intermediate crude was little changed on Thursday trading session as it traded near the strongest level in over four weeks after the world's second largest economy showed in a report that its manufacturing sector improved. WTI for settlement in July slipped 21 cents to $103.86 per barrel on the NYMEX as of 3:55 p.m. in Seoul.

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