GDP exceeds estimates and rises 0.9% in November

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  • UK GDP rises 0.9% MoM in November versus 0.4% expected.

The monthly publication of UK GDP has shown that the economy expanded more than expected in November, rising 0.9% versus 0.4% expected. and compared to 0.1% in the prior month prior.

On the other hand, the services index for November reached 1.3% month-on-month, compared to the 0.5% expected and the 1.2% seen the previous month.

About UK GDP

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The Gross Domestic Product published by National Statistics is a measure of the total value of all goods and services produced by the UK. GDP is seen as a broad measure of UK economic activity. Generally speaking, an uptrend has a positive effect on the British pound, while a declining trend is seen as negative (or bearish).

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