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Commodity Mid Session News

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(16 Jan 2025, 13:00)

Economic Buzz: UK GDP grows 0.1% in November


According to the Office for National Statistics, UK's monthly real gross domestic product (GDP) is estimated to have grown by 0.1% in November 2024 largely because of a growth in services, following an unrevised fall of 0.1% in October 2024.

Real GDP is estimated to have shown no growth in the three months to November 2024, compared with the three months to August 2024.

Monthly services output grew by 0.1% in November 2024, after falling by 0.1% in October 2024 (revised down from no growth in our last release), but showed no growth in the three months to November 2024.

Production output fell by 0.4% in November 2024, following an unrevised fall of 0.6% in October 2024; production fell by 0.7% in the three months to November 2024, driven by a decline in manufacturing.

Construction output grew by 0.4% in November 2024, following a fall of 0.3% in October 2024 (revised up from a fall of 0.4% in our last release); construction also grew by 0.2% in the three months to November 2024.

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