UK GDP growth slows to 0.1% in November

The UK’s rolling three-month GDP growth slowed for the second month in a row, down to 0.1% in November 2019, new statistics published by the ONS have revealed.

According to the ONS, the rolling three-month GDP growth was 0.4% in the three months between July and September 2019, before slowing to 0.2% in the three months between August and October.

The ONS suggested the services and production sectors had contributed positively GDP growth in the three months to November 2019, growing by 0.1% and 1.1%, respectively. Elsewhere, the production sector fell by 0.6% in the same period, its second consecutive rolling three-month decline.

The ONS calculated its rolling three-month estimates by comparing GDP in a three-month period with GDP in the previous three-month period.

Head of GDP at the ONS, Rob Kent-Smith, commented: “Overall, the economy grew slightly in the latest three months, with growth in construction pulled back by weakening services and another lacklustre performance from manufacturing.

“The UK economy grew slightly more strongly in September and October than was previously estimated, with later data painting a healthier picture.

“Long term, the economy continues to slow, with growth in the economy compared to the same time last year at its lowest since the spring of 2012.”

    Share Story:

Recent Stories


Subscribe to our newsletter to receive breaking news by email.

Every Mortgage Tells a Story
Vida Homeloans is the award-winning specialist mortgage lender for residential and buy to let customers who may not fit the criteria currently demanded by high street lenders. View this video now on how Vida help those in their personal circumstances or their investment strategies.