UK economic growth surprises to the upside
CNBC · Just In
CNBC
Just In
U.K. GDP surprises to the upside in November, boosted by a pickup in industrial production.
Breakdown
- UK November GDP up 0.3% month on month, beating 0.1% forecast 11s
- GDP output up 1.4% year on year, surpassing 1.1% expectation 20s
- Industrial output up 2.3% year on year, beating -0.4% forecast 26s
- Manufacturing rebounds, up 2.1% year on year versus -0.3% forecast 31s
- Construction sector declines 1.1% year on year 53s