UK economy uncertain despite unexpected growth in November

Services sector grew by 0.2% while the manufacturing fell by 0.5%

Valeria Martinez
clock • 2 min read

While figures from the Office for National Statistics (ONS) show unexpected economic growth in November, concerns around the stability of the British economy persist.

Following the slight 0.1% bounce back seen in October, UK gross domestic product (GDP) also grew by 0.1% in November. Economists polled by Reuters had forecast that GDP would drop by 0.2% in November. In output terms, the services sector grew by 0.2% while the manufacturing sector fell by 0.5%, while construction remained flat.  ONS director of economic statistics Darren Morgan said: "The economy grew a little in November with increases in telecommunications and computer programming helping push the economy forward. Pubs and bars also did well as people went out to watch the World Cup...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read