economy

January 15, 2026

UK economy surprises with stronger-than-expected 0.3% growth in November

Economists expect the U.K. economy to improve in 2026, particularly as the Bank of England is likely to continue on its interest rate-cutting path.

UK economy surprises with stronger-than-expected 0.3% growth in November

TL;DR

  • UK economy grew 0.3% in November, exceeding economists' expectations of 0.1%.
  • Services and production sectors saw growth of 0.3% and 1.1% respectively.
  • Construction sector fell by 1.3% in November.
  • October's economy contracted by 0.1% due to a cyber-attack impact and pre-budget uncertainty.
  • Experts view the November growth as a significant relief, particularly the strong manufacturing recovery.
  • Economists forecast a strong GDP rebound in the first quarter of 2026.
  • Forecasts suggest UK GDP growth will be slightly lower in the current year compared to 2025.
  • Downside risks to growth projections remain due to labor market vulnerabilities.

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