The economy in UK achieved humble growth for November amid FIFA vibes that shored up the consumption, meanwhile industries kept contracting triggered by the soared inflation.

The GDP for November edged up by 0.1% compared to October's figures, owing to consumer-based services that climbed by 0.4%.

As reported by the National Statistics Office, the manufacturing output encountered a shrink by 0.5%, while the construction one steadied.

Accordingly, the GDP plunged for 3 consecutive months by 0.3% till November, compared to the earlier quarter.

Services slumped by 0.1% while production slipped by 1.4%. On the other hand, the construction nudged up by 0.3%.

Markets are awaiting to evaluate the US inflation report which will give indication about the future trajectory for JPM.

Figures imply that the British economy remains lower than prior the Covid-19 period.

Economists believe that the figures are not to cause concerns however if the inflation continued to soar that will curb the spending capabilities for the upcoming months.