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


Exploring EARTH
Adam Cadle speaks to Edward Lees, Co-head of environmental strategies group, BNP Paribas Asset Management, about the investment opportunity for the coming decades: the environment.

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.