Overview
- Official ONS data show GDP rose 0.3% in November after a 0.1% fall in October.
- Output grew 0.1% in the three months to November as services activity picked up.
- Car manufacturing rebounded with a 25% surge in production after JLR plants restarted, contributing significantly to the monthly gain.
- Construction contracted sharply, marking its largest three-month decline in nearly three years.
- Early December indicators signaled renewed softness, with Barclays reporting a 1.7% year-on-year drop in card spending, about 33,000 job cuts announced, and ICAEW confidence at a three-year low.