- Analytics
- News and Tools
- Market News
- UK GDP unexpectedly fell in November
UK GDP unexpectedly fell in November
According to the report from Office for National Statistics, monthly gross domestic product (GDP) fell by 0.3% in November 2019, driven by falls in both services and production. GDP was expected to remain unchanged. This followed growth of 0.1% in both September and October 2019.
ONS also reported that UK GDP grew by 0.1% in the three months to November 2019. The services and production sectors contributed positively to gross domestic product (GDP) growth in the three months to November 2019, growing by 0.1% and 1.1%, respectively. Meanwhile, the production sector fell by 0.6% in the same period, its second consecutive rolling three-month decline.
Commenting on today's GDP figures, Head of GDP Rob Kent-Smith said: "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 with the same time last year at its lowest since the spring of 2012. The underlying trade deficit narrowed as exports grew faster than imports."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
