The UK economy expanded slightly in November after two consecutive contractions, the Office for National Statistics reported Thursday.
Gross domestic product grew 0.1 percent on a monthly basis in November, following an unrevised fall of 0.1 percent in October. GDP was expected to grow 0.2 percent.
Data showed that the services sector was the largest contributor to the growth with output rising 0.1 percent. This follows a 0.1 percent fall in October.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.