United Kingdom Monthly GDP MoM

The British economy grew by 0.1% mom in November 2024, recovering from a 0.1% contraction in both October and September but falling short of expectations for a 0.2% increase. The services sector was the largest contributor (0.1%), driven by accommodation and food service activities (2%), computer programming, consultancy (1%), and telecommunications (1.2%). However, administrative and support service activities declined by 1.2%, particularly rental and leasing activities (-2.4%). The construction sector also expanded (0.4%). Conversely, the production sector contracted by 0.4%, weighed down by a 0.3% decline in manufacturing, particularly in manufacturing and repair (-2.1%) and the production of basic pharmaceutical products and preparations (-1.9%). Other declines were seen in mining and quarrying (-1.5%) and water supply, sewerage, waste management, and remediation activities (-0.3%). Considering the three months to November, the GDP showed no growth compared to the previous period.