UK economy shrinks in November, ending six consecutive months of growth
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.
Register today for a taste of our high-quality intelligence and enjoy:
- 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.