UK.- UK GDP fell 2.6% in November after reintroducing restrictions

UK.- UK GDP fell 2.6% in November after reintroducing restrictions



The UK’s gross domestic product (GDP) fell 2.6% in November compared to the previous month, when it had grown by 0.6%, thus ending six consecutive months of expansion as a result of the reintroduction into the country of containment measures and restrictions to stop the spread of Covid-19, according to data from the National Statistical Office (ONS).

Thus, the size of the British economy in November was 8.5% lower than in February 2020, before the coronavirus pandemic, and was 8.9% below the level corresponding to November 2019.

The contraction in GDP in November reflects the drop in activity in the services sector, which fell by 3.4% due to the impact of the restrictions applied in various parts of the United Kingdom. Thus, the GDP of the British services sector in November was 9.9% below the level of February 2020.

In turn, the production sector of the British economy registered a contraction of 0.1% in November and stood 4.7% below the level of February, despite the fact that manufacturing managed to grow 0.7% monthly. Likewise, construction expanded by 1.9% in November and reached a level 0.6% higher than in February 2020.

Thus, in the three months to November, the British economy recorded growth of 4.1%, slowing down compared to the 10.5% corresponding to the three months ending in October.


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Ben Oakley
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