New figures from the Office for National Statistics (ONS) reveal that the U.K. economy rebounded in November, outpacing expectations.
Official data released on Thursday indicated that gross domestic product (GDP) expanded by 0.3 percent in November—the fastest growth since June—following a decline of 0.1 percent in October.
Nearly half of November’s growth came from a 1.1 percent increase in industrial output, largely fueled by a 25 percent surge in car production—the largest monthly increase since July 2020, when COVID restrictions were lifted.
Services sector bounces back
Britain’s primary services sector showed unexpected growth in November, with output rising by 0.3 percent after a 0.3 percent fall in October.
Budget uncertainty hits construction
According to the Office for National Statistics, firms across the economy reported that they and their customers were awaiting the budget outcome in November, similar to October, including the construction sector, where production dropped sharply for two months in a row.
The Bank of England anticipates that Britain’s economy will remain stagnant during the October-to-December period of 2025, although it believes the underlying growth rate is approximately 0.2 percent per quarter.
The economy saw a growth of just 0.1 percent in the three months up to November, as stated by the ONS. This was much quicker than the 0.2 percent decline projected in the Reuters poll, partly owing to a revision of September’s data.
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