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November Monthly Brief
Key data releases over the past month helped provide insight on the UK economy post-Brexit.
- GDP growth exceeded market expectations, coming in at 0.5% in the three months to September.
- Manufacturing output contracted in the third quarter, reflecting some unwinding of the exceptional growth spike seen in the second quarter.
- Cost pressures continued to intensify over the past month as a result of the Sterling depreciation. The pass-through into higher consumer prices is yet to come.
- Manufacturing activity stabilised at the start of the last quarter of the year. In particular, export orders remain at multi-months high, helped by the Sterling depreciation and an improvement in global manufacturing activity levels.
Download the full briefing here.
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