Although UK service sector output fell back into decline in November amid the second COVID-19 lockdown, both manufacturing and construction saw output growth accelerate....
... meaning the UK economy looks to be showing much greater resilience than earlier in the year The decline in GDP will likely be greater than signalled by the PMI, as we saw in Q2, in part as PMI excludes retail, but the level of the PMI still looks encouraging for GDP
UK business optimism for the year ahead has meanwhile risen to its highest since June 2014, largely due to vaccine developments
World cloud of UK PMI responses for more optimistic outlook in November
Here's an analysis of reasons given for optimism in the year ahead among UK manufacturers in November...
.. and here are the reasons given for pessimism for 2021
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