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UK economy surprises with stronger-than-expected 0.3% growth in November

UK GDP rose 0.3% in November, rebounding from October’s 0.1% contraction due to recovery in services and manufacturing after a cyber-attack, ONS data shows.

  • Britain's Office for National Statistics reported on January 15, 2026 that Britain's economy grew 0.3% in November after a 0.1% October fall and 0.1% September rise.
  • The October fall reflected a 0.1% contraction linked to a Jaguar Land Rover cyber-attack and budget speculation until Finance minister Rachel Reeves' November 26 budget statement eased uncertainty.
  • ONS data show the rolling three-month GDP measure rose to 0.1%, with services leading growth and manufacturing largely recovered while construction contracted, its largest fall in nearly three years.
  • Economists polled by Reuters had forecast 0.1% growth, and Deutsche Bank projects quarterly growth of 0.35% this year while economists expect improvement in 2026 amid Bank of England rate cuts.
  • The Bank of England expects zero growth in late 2025, while Sanjay Raja, chief UK economist at Deutsche Bank, said `GDP to rebound strongly in the first quarter of 2026` but warned of labour market risks.
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Reuters broke the news in United Kingdom on Thursday, January 15, 2026.
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