New UK Economic Growth in November

by | 0 comments

Official figures show that the economy grew by 0.3% in November, after it shrank during the previous month. The Office for National Statistics said the services sector led the rebound, as Black Friday sales boosted retailers. However the economy had shown “little growth” over the past year and figures released last year showed the UK was at risk of a recession after the economy shrank between July and September. Grant Fitzner, chief economist at the ONS, said “We have had quite a number of companies telling us they saw strong Black Friday sales which had a positive impact not just on the retail sector but also warehousing, couriers and some manufacturing sectors.” Click here for more.