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UK GDP grew by 0.1%, 1.5% higher than the pre-epidemic level

UK GDP grew by 0.1%, 1.5% higher than the pre-epidemic level
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The services sector, the country’s economic pillar, grew by 0.2% to 2.1% from pre-epidemic levels, while the industrial sector fell 0.4% to 0.7%.

The construction sector is down 0.1% and 1.1% higher than its pre-epidemic level, ONS said.

Darren Morgan, director of economic statistics at ONS, said today that the manufacturing sector is “in a deep recession, with automakers (automobile) parts struggling to acquire. With current growth, the economy is 1.5% higher than pre-epidemic values”.

Last month, the ONS announced that the UK’s GDP would grow by 7.4% in 2021, slightly lower than initial estimates.

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Jane Austen

Jane Austen is a writer and contributor covering culture, literature, lifestyle, and society. Her work focuses on thoughtful storytelling, social trends, and the issues shaping everyday life, delivering engaging and accessible content for readers across the United Kingdom.

Jane Austen

Jane Austen

Jane Austen is a writer and contributor covering culture, literature, lifestyle, and society. Her work focuses on thoughtful storytelling, social trends, and the issues shaping everyday life, delivering engaging and accessible content for readers across the United Kingdom.

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