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Magnifying growth

UK Q2 GDP growth revised up to 0.9%, eurozone Sept inflation slumps

LONDON (ICIS)--The UK’s GDP quarter-on-quarter  growth for the April to June 2014 quarter has been revised up to 0.9% from earlier estimates of 0.8%, the country’s Office for National Statistics (ONS) said on Tuesday, following an upward revision of annual growth during the quarter to 3.2%.

The news coincides with an announcement from EU statistics agency Eurostat that eurozone inflation fell to 0.3% in September from 0.4% in August, fuelling fears that deflationary pressure on the region’s economic recovery may be becoming increasingly entrenched.

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