UK economy shrinks in November, ending six consecutive months of growth

By Luke Tugby2021-01-15T07:34:00

The UK economy shrank in November as coronavirus restrictions on consumers and businesses reduced economic activity.

Gross domestic product dropped 2.6% during the month according to the Office for National Statistics (ONS), leaving it 8.5% below its pre-pandemic peak.

The decline in the economy during November came following a run of six consecutive months of growth. In October, UK GDP grew 0.6%.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Two free article views per calendar month on Retail-Week.com
Detailed analysis of current trends and events
Exclusive newsletters
In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.