Overview
- Official ONS data show November GDP up 0.3% month on month, with three‑month growth revised to 0.1% after an earlier flat reading.
- Services led the increase while manufacturing largely recovered, helped by JLR’s phased restart and an estimated 25% jump in car production.
- Construction contracted again, marking its steepest three‑month decline in nearly three years, according to the ONS.
- Business confidence weakened around the Autumn Budget, with the Institute of Chartered Accountants in England and Wales reporting a three‑year low in Q4 2025.
- Early readings for December suggest renewed softness, including reported plans for over 33,000 job cuts and a 1.7% year‑on‑year fall in card spending tracked by Barclays.