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.
45 Articles
45 Articles
UK Output Rises Marginally, but Analysts See Little Momentum
The UK economy grew more than expected in November last year, official data has shown, reflecting businesses’ nerves about Rachel Reeves’ Budget measures. New Office for National Statistics (ONS) figures showed growth in the UK economy inching up Business analysts warned over several months that pre-Budget speculation had dampened spending and investment levels. The figures will also pile pressure on Reeves and the rest of the Labour governmen…
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