Yael Selfin, Chief Economist at KPMG UK, comments on today’s GDP figures:
“Figures released today show the UK economy regained momentum in November, with GDP growing by 0.2% after a more muted performance in autumn. Services remain the main driver of growth, with strong growth recorded by the wholesale and retail sector as well as hotel and restaurants and information and communication services.
“Manufacturing output contracted for the fifth consecutive month in November, although goods exports recovered, while construction regained momentum and grew by 0.6% in November after flat growth in October.
“These figures contrast with the overall picture we have seen on the high-street, and with Brexit uncertainties likely to continue to weigh on households’ spending and business investment, we expect a weak first quarter of 2019.”
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