• Strong Growth Recorded In April ... The Economy is Hotting Up ...

  • Jun 12 2021
  • Length: 5 mins
  • Podcast

Strong Growth Recorded In April ... The Economy is Hotting Up ...

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  • Summary

  • Official  data from the ONS this week revealed "the economy is hotting up". UK GDP  is estimated to have grown by 2.3% in April, as government restrictions  continued to ease. Compared to prior  year, the economy grew by 28%. Construction activity was up by 80%.  Manufacturing output increased by 40%. Service sector activity increased  by 30%. The increase in the service sector was driven by a surge in  retail expansion with strong growth in education, accommodation and  food. Construction activity slowed  slightly in the month. Developments in the service sector were faster  than expected. The service sector expanded by 3.4%

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