GDP monthly estimate, UK: December 2020

Real gross domestic product (GDP) increased by 1.2% in December 2020, following a revised 2.3% decline in November, when there were more extensive restrictions to activity. During December, a period of eased restrictions early in the month was followed by tighter restrictions to activity across all four nations of the UK later in the month. December GDP is 6.3% below the levels seen in February 2020; this compares with 7.4% below pre-pandemic levels in November 2020. The services sector acted as the main contribution to growth in December, increasing by 1.7% as a number of consuming facing industries reopened … (full story)

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