Business

UK economy grew by 0.1 per cent in November

The UK‘s economy grew by 0.1 per cent between October and November, according to the Office for National Statistics.

The Office for National Statistics (ONS) recorded a slowdown in growth after a 0.5 per cent increase in the previous month.

Analysts had predicted the economy would shrink by 0.3 per cent for November.

ONS director of economic statistics Darren Morgan said: “The economy grew a little in November, with increases in telecommunications and computer programming helping to push the economy forward.

“Pubs and bars also did well as people went out to watch World Cup games.

“This was partially offset by further falls in some manufacturing industries, including the often-erratic pharmaceutical industry, as well as falls in transport and postal, partially due to the impact of strikes.

“Over the last three months, however, the economy still shrank – mainly due to the impact of the extra bank holiday for the funeral of Her Majesty Queen Elizabeth in September.”

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Xural.com

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