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Updated: Jan 13, 2023, 07:22 UTC•1min read
By David Milliken LONDON (Reuters) – British gross domestic product rose 0.1% in November, figures from the Office for National Statistics showed on Friday.
By David Milliken
LONDON (Reuters) – British gross domestic product rose 0.1% in November, figures from the Office for National Statistics showed on Friday.
Economists polled by Reuters had forecast GDP would drop by 0.2% in November from October.
Friday’s data also showed that in the three months to the end of November, the economy shrank by 0.3%, the same as the 0.3% contraction forecast in the Reuters poll.
Britain’s economy contracted in the three months to the end of September, and a fall in output in the three months to Dec. 31 would count as a recession, based on the definition of two consecutive quarters of contraction commonly used in Europe.
(Reporting by David Milliken and Andy Bruce; editing by Sarah Young)
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