FOREX TradingCharts.com

Financial News: UK GDP Growth Accelerates In November

UK GDP Growth Accelerates In November

01/14/2022 - 02:53:00 (RTTNews)

(RTTNews) - The UK economy expanded at a faster pace in November underpinned by services activity, data from the Office for National Statistics showed on Friday.

Gross domestic product grew 0.9 percent month-on-month in November, faster than the revised 0.2 percent expansion registered in October and the economists' forecast of 0.4 percent.

GDP was estimated to be above its pre-coronavirus pandemic level for the first time, by 0.7 percent.

In November, there was an increase in output in all sectors, with services output the main driver of GDP growth. Services output grew by 0.7 percent.

Production output increased 1.0 percent from last month. This followed two consecutive months of negative growth, with a fall of 0.5 percent in October and a decrease of 0.7 percent in September.

Manufacturing was the largest contributor to production growth in November, increasing by 1.1 percent. At the same time, construction output grew 3.5 percent, following a fall of 1.7 percent in October.

In a separate communiqué, the ONS said the visible trade deficit declined to GBP 11.34 billion in November from GBP 11.81 billion in October. In November, exports grew 8.5 percent and imports climbed 4.9 percent.

The surplus on services trade totaled GBP 11.96 billion, largely unchanged from the previous month. Consequently, the total trade surplus increased moderately to GBP 626 million from GBP 151 million a month ago.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: Germany GDP Data Due (16 min(s), 54 sec(s) ago)
(RTTNews) - Quarterly national accounts from Germany and France are due on Friday, headlining a bu ...Full Story»

Taiwan Manufacturing Sector Slows In January - Markit (16 min(s), 06 sec(s) ago)
(RTTNews) - The manufacturing sector in Taiwan continued to expand in January, albeit at a slower ...Full Story»

Australia Producer Prices Rise 1.3% On Quarter In Q4 (56 min(s), 06 sec(s) ago)
(RTTNews) - Final demand producer prices were up 1.3 percent on quarter in the fourth quarter of 2 ...Full Story»

Tokyo Inflation Climbs 0.5% On Year In January (36 min(s), 06 sec(s) ago)
(RTTNews) - Consumer prices in the Tokyo region of Japan were up 0.5 percent on year in January, t ...Full Story»

South Korea Industrial Output Spikes 4.3% On Month In December (06 min(s), 06 sec(s) ago)
(RTTNews) - Industrial production in South Korea advanced a seasonally adjusted 4.3 percent on mon ...Full Story»

South Korea Retail Sales Add 2.0% On Month In December (46 min(s), 06 sec(s) ago)
(RTTNews) - The value of retail sales in South Korea was up a seasonally adjusted 2.0 percent on m ...Full Story»

South Korea Industrial Production Jumps 4.3% On Month In December (31 min(s), 06 sec(s) ago)
(RTTNews) - Industrial output in South Korea climbed a seasonally adjusted 4.3 percent on month in ...Full Story»

Hong Kong GDP Data Due On Friday (51 min(s), 06 sec(s) ago)
(RTTNews) - Hong Kong will on Friday release an advance estimate for Q4 gross domestic product, hi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: Germany GDP Data Due

01/28/2022 - 00:22 AM (RTTNews)
(RTTNews) - Quarterly national accounts from Germany and France are due on Friday, headlining a bu ...Full Story>>

Taiwan Manufacturing Sector Slows In January - Markit

01/27/2022 - 19:55 PM (RTTNews)
(RTTNews) - The manufacturing sector in Taiwan continued to expand in January, albeit at a slower ...Full Story>>

Australia Producer Prices Rise 1.3% On Quarter In Q4

01/27/2022 - 19:35 PM (RTTNews)
(RTTNews) - Final demand producer prices were up 1.3 percent on quarter in the fourth quarter of 2 ...Full Story>>

Tokyo Inflation Climbs 0.5% On Year In January

01/27/2022 - 19:15 PM (RTTNews)
(RTTNews) - Consumer prices in the Tokyo region of Japan were up 0.5 percent on year in January, t ...Full Story>>

South Korea Industrial Output Spikes 4.3% On Month In December

01/27/2022 - 18:45 PM (RTTNews)
(RTTNews) - Industrial production in South Korea advanced a seasonally adjusted 4.3 percent on mon ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.