The manufacture of textile wearing apparel and leather products was up by 0.02 per cent in November 2022. Monthly GDP is now estimated to be 0.3 per cent below its COVID-19 levels (February 2020). Production output decreased by 0.2 per cent in November 2022, after a fall of 0.1 per cent in October 2022, according to data from the ONS.

Monthly real gross domestic product (GDP) of the UK grew by 0.2 per cent year-on-year (YoY) in November 2022 and jumped 1.1 per cent between October 2021 and October 2022. Monthly GDP is estimated to have grown by 0.1 per cent in November 2022, following growth of 0.5 per cent in October 2022, as per the Office for National Statistics (ONS).

Manufacturing was the main driver of negative production growth in November 2022, falling by 0.5 per cent in the month. The main drivers for the fall in manufacturing include the manufacture of chemicals and chemical products (down 2.8 per cent). Manufacturing saw falls in six of its 13 sub-sectors; these falls were enough to offset the growth seen in the other seven.

Fibre2Fashion News Desk (NB)