The UK economy recovered at a stronger-than-expected pace in November, driven by a surge in car manufacturing and services output, official data showed on Thursday.
Gross domestic product logged a monthly growth of 0.3 percent, reversing the 0.1 percent drop seen in October, the Office for National Statistics said. GDP was expected to grow marginally by 0.1 percent.
"Overall the better November data suggests we should get 0.1-0.2% growth for the fourth quarter overall, leaving annual growth for 2025 at 1.4%," ING economist James Smith said. However, growth is likely to be slower in 2026 than in 2025, he noted. Confederation of British Industry Lead Economist Ben Jones said, "While growth is likely to remain moderate, the economy should still expand at a steady pace through 2026 as inflation eases and real incomes rise modestly."
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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.