Industrial output saw an increase, largely attributed to Jaguar Land Rover's return to full production following a cyber-attack that had previously disrupted operations. The services sector also experienced growth, driven by activities related to accounting and tax consultancy in the lead-up to the Budget on November 26th.
The ONS noted that businesses across the construction, industrial production, and services sectors indicated a degree of hesitancy in making decisions during November, as they awaited the outcome of the autumn Budget.
While the monthly GDP figures are subject to volatility, the rolling three-month data provides a more stable view of underlying economic growth. In the three months to November, the UK economy grew by 0.1% compared with the previous three-month period, the ONS reported.
Yael Selfin, chief economist at KPMG UK, commented on the figures, stating that they showed economic resilience.
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