Vaccine breakthrough brightens UK economic outlook

However, news of the first effective coronavirus vaccine buoyed business confidence for the year ahead.
The Tracker, working with IHS Markit, provides unique insight into the shape and pace of the UK’s recovery following the disruption caused by Covid-19.
UK sectors remain behind global benchmark, but ahead of Europe
Eight of the 14 UK sectors monitored by the Tracker were behind the global index during November, the same number as in October.
Tourism and recreation businesses were furthest behind the equivalent global benchmark, with a reading of 15.6 against the global benchmark for the sector of 44.0 as the national lockdown in England came into force. A reading above 50 signals output is rising, while a reading below 50 indicates output is contracting.

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