The UK economy is estimated to have contracted by 0.1% in October. One should not place too much weight on a single economic statistic, particularly when it relates to UK monthly GDP. Over the period from 2018 through to the end of last year, but excluding periods of lockdown, the standard deviation of the current estimate of monthly GDP growth is 0.4 percentage points, and the mean absolute revision to the initial estimate is 0.2 percentage points…
