Investing.com - The public sector net borrowing surplus in the U.K. narrowed more-than-expected in September, official data showed on Tuesday.
In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income, posted a surplus of GBP9.4 billion in September.
Analysts had expected the U.K. public sector net borrowing surplus to narrow to GBP10.3 billion last month from a surplus of GBP10.8 billion in August, whose figure was revised from a GBP11.5 billion surplus.
Public sector net debt excluding temporary effects of financial interventions was GBP1,211.8 billion at the end of September 2013, equivalent to 75.9% of gross domestic product.
Following the release of the data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.13% to trade at 1.6127.
Meanwhile, European stock markets remained mixed. London’s FTSE 100 eased up 0.1%, the EURO STOXX 50 dipped 0.15%, France’s CAC 40 edged 0.15% lower, while Germany's DAX slumped 0.1%.
In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income, posted a surplus of GBP9.4 billion in September.
Analysts had expected the U.K. public sector net borrowing surplus to narrow to GBP10.3 billion last month from a surplus of GBP10.8 billion in August, whose figure was revised from a GBP11.5 billion surplus.
Public sector net debt excluding temporary effects of financial interventions was GBP1,211.8 billion at the end of September 2013, equivalent to 75.9% of gross domestic product.
Following the release of the data, the pound remained lower against the U.S. dollar, with GBP/USD shedding 0.13% to trade at 1.6127.
Meanwhile, European stock markets remained mixed. London’s FTSE 100 eased up 0.1%, the EURO STOXX 50 dipped 0.15%, France’s CAC 40 edged 0.15% lower, while Germany's DAX slumped 0.1%.