It found the number of UK sectors reporting output growth more than doubled in December 2022, with seven of the 14 industries monitored by the tracker experiencing month-on-month growth compared with November 2022.
A reading above 50.0 on the Tracker indicates expansion, while a reading below 50.0 indicates contraction. One of the sectors seeing growth was the tourism sector, which posted a reading 50.2 last month compared with 44.6 in November.
However, despite the boost – which Lloyds attributed to the World Cup in late November and early December – growth in the tourism sector and others was often "mild".
Jeavon Lolay, head of economics and market insight at Lloyds Bank Corporate and Institutional Banking, said: "While the economy held up better than expected in recent months, the impact of temporary boosts such as the World Cup and first Covid-19 restriction-free Christmas for three years is evident.
"The mixed performance across UK sectors is likely to remain a rolling theme in 2023 as the strains from rising prices and higher interest rates impact both households and firms disproportionately."
