UK moving out of recession

Output increased by 0.2% in November, after a decline of 0.3% in the three months to October, according to the Institute's monthly growth estimates. The figures assume this year's third quarter contraction in GDP will be revised to 0.1% following recent data from the Office for National Statistics (ONS) on the construction sector. It said last week, construction output increased by 2% in the third quarter, cancelling out its most recent estimates for GDP which included a 1.1% fall in construction output. The Office scaled up the overall GDP figures by 0.2 percentage points as a res...