UK.- UK GDP fell 2.6% in November after re-imposing sanctions

Madrid, 15 (Europa Press)

The UK’s gross domestic product (GDP) fell 2.6% in November from the previous month, when it rose 0.6%, thus ending a six-month consecutive expansion as a result of re-production from the National Statistics Office (ONS) According to the data, the country of prevention measures and restrictions to prevent the spread of Kovid-19.

Thus, the size of the British economy in November before the coronovirus epidemic was 8.5% lower than in February 2020, and 8.9% lower than in November 2019.

The contraction in GDP in November reflected a decline in activity in the services sector, which had fallen by 3.4% due to the effect of sanctions implemented in various parts of the United Kingdom. Thus, the GDP of the British services sector in November was 9.9% below the February 2020 level.

In turn, the production sector of the British economy recorded a contraction of 0.1% in November and was down 4.7% from February levels, despite the fact that manufacturing managed to grow 0.7% in the month. Similarly, construction expanded by 1.9% in November and reached the level of 0.6% as of February 2020.

Thus, in the three months to November, the British economy registered a growth of 4.1%, which is slower than the three months ending in October by 10.5%.