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".
