THE UK financial system grew by 0.1% within the month to November, new figures reveal.
Nonetheless The Workplace for Nationwide Statistics (ONS) mentioned that within the three months to November, gross home product (GDP) fell by 0.3%.
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GDP measures the worth of products and providers produced within the UK.
It additionally estimates the dimensions of and progress within the financial system.
The ONS recorded a slowdown in progress after a 0.5% enhance within the earlier month.
ONS director of financial statistics Darren Morgan mentioned the financial system grew somewhat in November, with pubs and bars doing effectively as soccer followers went out to look at World Cup video games.
However he added the financial system continues to be struggling.
He mentioned: “During the last three months, nonetheless, the financial system nonetheless shrank – primarily because of the influence of the additional financial institution vacation for the funeral of Her Majesty Queen Elizabeth in September.”
Analysts had predicted the financial system would shrink by 0.3% for November.
The providers sector grew by 0.2% in November 2022 and was the primary driver of the expansion in GDP.
