Accommodation and food services were a large drag on growth
The health and social work sector made a strong positive contribution to growth in October, as did manufacturing.
But accommodation and food services shrank dramatically as Covid-19 restrictions were imposed.
As this chart shows, many other parts of the economy did keep growing, though.
The ONS says:
Monthly GDP in October 2020 increased by 0.4%, where manufacturing had the largest contribution, as manufacturing of transport equipment saw increased demand.
Health also had a large positive contribution in October as there was an increase in the volume of activity. Accommodation and food service activities acted as a large drag on growth in October as tightening coronavirus measures had an adverse impact on trade and a subsequent lack of demand.
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Britain’s economy has slowed sharply as the rise in Covid-19 infections and tiered restrictions imposed across the country hit activity.
UK GDP rose by just 0.4% in October, new figures from the Office for National Statistics show.
That’s the weakest monthly expansion since the UK returned to growth in May after the first Covid-19 lockdown.
It shows that the economy was already weakening before last month’s English lockdown. It also means the UK economy is still 7.9% lower than the levels seen in February 2020, before the pandemic struck the country.
The Office for National Statistics says:
With a backdrop of further national measures being introduced in response to the coronavirus pandemic, monthly GDP grew by 0.4% in October 2020. This is the sixth consecutive monthly increase following a record fall of 19.5% in April 2020.
October 2020 GDP is now 23.4% higher than its April 2020 low. However, it remains 7.9% below the levels seen in February 2020, before the full impact of the coronavirus pandemic.
Covid-19 infections rose sharply through October, as the second wave of the virus hit the UK hard.