UK inflation could hit five-year high, as German growth surges – business live

All the day’s economic and financial news, including a new measure of the cost of living in Britain and some strong German GDP figures

Italians didn’t have much to cheer about during last night’s football. But this morning’s economic data is a whole new ball game!

Italy’s economy expanded by 0.5% in the third quarter of this year, ahead of expectations for a 0.4% rise.

Italy will miss the World Cup but clearly isn’t missing the #euroboom. https://t.co/gVI7pMsko4 pic.twitter.com/nAGeKO01Yf

*ITALIAN ECONOMY EXPANDED 1.8% IN 3Q Y/Y; EST. 1.7% GROWTH

The Netherlands economy grew by 0.4% in the last quarter, new figures show. That’s in line with forecasts:

#netherlands economy grew 0.4% q/q in Q3 after a record Q2. Consumption, investment and export contributed to growth. Very strong run pic.twitter.com/NpOy2ayvt6

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