UK Nov M/M GDP Lower After Sep, Oct Revised.>

UK DATA: UK Nov M/M GDP Lower After Sep, Oct Revised Higher

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- NOV GDP-0.3% M/M, +0.6% MM YY VS OCT +0.1% M/M, +1.0%r Y/Y

- NOV TOTAL TRADE SURPLUS STG4.031BN VS -STG1.337BNr OCT    

- NOV INDEX OF SERV -0.3% M/M; +0.8% Y/Y, Y/Y LOWEST SINCE OCT 2011

- NOV IND PRODUCTION -1.2% M/M, PRV +0.4%r, MED -0.1%

- NOV MANUFACTURING -1.7% M/M, PRV +0.5%R, MEDIAN -0.3%

- NOV CONSTRUCTION +1.9% M/M, PRV -2.2%r, MEDIAN +0.6%

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M/M UK GDP fell by 0.3% in Nov following upwardly revised figures for 

Oct and Sep. Nov's decline was led by a slump in manufacturing, dropping 

by 1.7% m/m, in part due to motor industry shutdowns. Services slipped 

to -0.3%, its lowest since Feb 2018. An uptick in construction (1.9%) 

held further decreases back. Annual m/m GDP decelerated to 0.6%, hitting 

the lowest since Jun 2012. A sharp y/y decline in manufacturing and 

slowing services were the main drivers.