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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP dropped in November
In the UK, gross domestic product (GDP) fell 0.30% on a MoM basis in November. In the previous month, GDP had recorded a revised rise of 0.10%.
UK manufacturing production dropped more than expected in November
In the UK, manufacturing production fell 1.70% on a MoM basis in November, more than market expectations for a fall of 0.20%. In the previous month, manufacturing production had registered a revised rise of 0.50%.
UK industrial production dropped more than expected in November
In the UK, industrial production dropped 1.20% on a MoM basis in November, more than market expectations for a fall of 0.20%. Industrial production had climbed by a revised 0.40% in the previous month.
UK construction output advanced in November
In the UK, construction output rose 1.90% on a MoM basis in November. Construction output had registered a revised drop of 2.20% in the previous month.
UK index of services rose less than expected in November
In the UK, the index of services advanced 0.10% on a MoM basis in November, compared to an advance of 0.20% in the August-October 2019 period. Market expectation was for the index of services to advance 0.20%.
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