GDP figures from October-November show some minor positive changes to the economy, with gross domestic product rising by 0.1% in the last three months of 2024 after stagnating in the previous quarter. However, real GDP per head is estimated to have fallen by 0.1% in October-November.
The most positive changes were seen in the services sector, which increased by 0.2% in output terms, and construction, which grew by 0.5%. However, production fell by 0.8%.
This better-than-expected number has come as a relief both to financial markets and the government. The last thing needed at this stage was a quarterly dip into negative territory.
Nevertheless, the UK economy continues to trundle, and there is little evidence of growth, although the month-on-month data is encouraging. Sterling jumped on the news while the pre-market FTSE 100 was holding near all-time highs.
