UK economy returns to growth in November

(Sharecast News) - The UK economy returned to growth in November last year, according to figures released on Thursday by the Office for National Statistics. The economy grew 0.1% following contractions of 0.1% in October and September, although this was below expectations of 0.2% growth.

Liz McKeown, director of economic statistics at the ONS, said: "The economy continues to be broadly flat, having grown slightly in November following two small falls in the previous months.

"Services grew a little, with wholesaling, pubs and restaurants and IT companies all doing well, partially offset by falls in accountancy and business rental and leasing.

"Construction also grew led by new commercial developments, while production continued to decline in November with further falls across a range of manufacturing industries and oil and gas extraction."