- Prior -0.1%
- GDP +1.4% vs +1.1% y/y expected
- Prior +1.1%
The more detailed breakdown as per the following:
- Services +0.3% vs +0.1% m/m expected
- Prior -0.3%
- Industrial output +1.1% vs +0.1% m/m expected
- Prior +1.1%; revised to +1.3%
- Manufacturing output +2.1% vs +0.5% m/m expected
- Prior +0.5%; revised to +0.4%
- Construction output -1.3% vs 0.0% m/m expected
- Prior -0.6%; revised to -1.2%
Amid a better-than-expected showing in services output, that helped to see UK economic activity outperform in November. That being said, there is a bit of a lag to the release here and it isn't one that will shake up the BOE outlook. As things stand, inflation data remains the most important economic data that the central bank is watching.
But hey, at least the economy is not really stumbling all too much towards the end of last year - for now. The rising cost of living crisis is still a major concern that will need addressing in the bigger picture for this year.
