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The Office of National Statistics released its latest UK data today which showed that UK economic output was up 0.8%, up from 0.7% during the April-June period and is the best growth in 3 years.
The service sector lead the charge with growth of 0.7% raising it to pre crisis levels.
Eurozone news
The Eurozone’s growth slowed and unemployment has increased for the 22th month on the trot although showing slight glimmers of positive growth.
Spain’s central bank has declared that the country is showing signs of life with GDP growing by 0.1% between July-September boosted in part by growing exports.
Other News
Australia is to raise its national debt ceiling from 300bn Australian dollars to 500bn to prevent a similar situation to the US when the country reaches its current ceiling in December.
