UK economy surpassing pre-pandemic levels is ‘testament to the grit and determination of the British people’

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According to new figures released today by the Office of National Statistics, gross domestic product (GDP) is estimated to have grown by 0.9% in November 2021 and was above its pre-coronavirus pandemic level for the first time, by 0.7%.

Chancellor Rishi Sunak said the stronger growth was “a testament to the grit and determination of the British people.”

Services (0.7%), production (1.0%) and construction (3.5%) output all increased between October and November 2021; this means that services and construction output are both 1.3% above their pre-coronavirus pandemic levels.

At the services sub-sector level, 8 of the 14 have surpassed their pre-coronavirus pandemic levels, with the largest contributions from human health and social work activities, wholesale and retail trade, and arts, entertainment and recreation.

Production output increased by 1.0% in November 2021, with a mixed performance across the four sectors. Manufacturing was the largest contributor to production growth in November 2021, increasing by 1.1%.

Construction output increased by 3.5% in November 2021, following a fall of 1.7% in October 2021 (revised from a 1.8% fall). This is the largest monthly rise seen in construction output growth since March 2021 (4.5%).

The increase in monthly construction output in November 2021 was driven solely by an increase in new work (5.7%), while repair and maintenance saw a slight decline, decreasing by 0.2%.

Services were the main contributor to GDP’s 0.9% growth in November 2021

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