| Consensus | Consensus Range | Actual | Previous | Revised | |
|---|---|---|---|---|---|
| Month over Month | 0.0% | -0.1% to 0.1% | 0.3% | -0.1% | |
| 3-Months over 3-Months | 0.1% | -0.1% | 0.0% |
Highlights
The November 2025 GDP figures suggest a modest rebound in overall economic activity, though underlying momentum remains fragile. Monthly GDP expanded by 0.3 percent, reversing October's contraction and confirming that the economy has avoided a deeper slowdown. This improvement was underpinned by services and production, while construction acted as a significant drag.
Services growth of 0.3 percent continues to anchor short-term economic stability, reflecting the sector's dominant role in the UK economy. Production recorded a notable monthly increase of 1.1 percent, signalling short-term resilience, possibly linked to manufacturing recoveries seen earlier in the autumn. In contrast, construction output declined sharply by 1.3 percent, reinforcing concerns around weak investment conditions and cost pressures in the sector.
Looking at the broader three-month picture, GDP rose to 0.1 percent, with services remaining the main source of support, but production output contracted slightly, driven by weakness in motor vehicle manufacturing. Construction's continued decline, now at its weakest three-month performance since March 2023, underscores sustained momentum loss.
Indeed, the latest data indicate that the UK economy is growing very slowly, reliant on services, and constrained by persistent softness in construction and parts of manufacturing. The latest update takes the RPI to 16 and the RPI-P to 35, meaning that economic activities are now outperforming market expectations in the UK.
Services growth of 0.3 percent continues to anchor short-term economic stability, reflecting the sector's dominant role in the UK economy. Production recorded a notable monthly increase of 1.1 percent, signalling short-term resilience, possibly linked to manufacturing recoveries seen earlier in the autumn. In contrast, construction output declined sharply by 1.3 percent, reinforcing concerns around weak investment conditions and cost pressures in the sector.
Looking at the broader three-month picture, GDP rose to 0.1 percent, with services remaining the main source of support, but production output contracted slightly, driven by weakness in motor vehicle manufacturing. Construction's continued decline, now at its weakest three-month performance since March 2023, underscores sustained momentum loss.
Indeed, the latest data indicate that the UK economy is growing very slowly, reliant on services, and constrained by persistent softness in construction and parts of manufacturing. The latest update takes the RPI to 16 and the RPI-P to 35, meaning that economic activities are now outperforming market expectations in the UK.
Market Consensus Before Announcement
No growth seen after a decline of 0.1 percent in October.
Definition
Gross domestic product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy. The monthly report is based on output data only as the income and expenditure series are not available.
Description
GDP covers all aspects of economic activity. Investors need to closely track the economy because it usually dictates how investments will perform. Stock market investors like to see healthy economic growth because robust business activity translates to higher corporate profits. GDP contains a treasure-trove of information which not only paints an image of the overall economy, but tells investors about important trends within the big picture. However, the monthly report is quite limited and only provides data on the main output sectors. More detailed information is available in the quarterly reports.
