UK November monthly GDP +0.1% vs +0.2% m/m expected

• Prior -0.1%
• Services +0.1% vs +0.1% m/m expected
• Prior 0.0%; revised to -0.1%
• Industrial output -0.4% vs +0.1% m/m expected
• Prior -0.6%
• Manufacturing output -0.3% vs 0.0% m/m expected
• Prior -0.6%
• Construction output +0.4% vs +0.4% m/m expected
• Prior -0.4%; revised to -0.3%

The marginal growth was led by a slight growth in the services sector. Ever since the more resilient Q1 showing, the UK economy has put up a rather struggling picture. None of the monthly estimates were better than +0.2% since March with marginal contractions seen during April, June, July, September, and October. Sluggish.

This article was written by Justin Low at www.forexlive.com.