Categories: Economy

The British economy grew 0.2 percent in April

The British economy grew 0.2 percent in April

The British economy grew 0.2 percent in April and 0.1 percent in the last three months, with the service sector contributing.

According to the UK’s Office for National Statistics (ONS), the driving force for growth in April was the services sector. The service sector grew 0.3 percent in April, after contracting 0.5 percent in March.

Consumer services output increased 1 percent in April, after a 0.8 percent drop in March.

The UK manufacturing and construction sectors contracted 0.3 percent and 0.6 percent, respectively, in April. These sectors recorded growth of 0.7 percent and 0.2 percent, respectively, in March.

Thus, while the British economy grew by 0.2 percent in April, this rate was registered at 0.1 percent in the last three months. In March, the economy contracted 0.3 percent per month.

GROWTH NEGATIVELY AFFECTED BY STRIKE

The ONS Director of Economic Statistics, Darren Morgan, in his assessment of the data, noted that the economy recovered after the contraction in March, with growth in the service sector, an increase in vehicle sales and a slowdown. part of the strikes in the education sector.

Stating that these improvements are balanced by weak performance in the healthcare, computer manufacturing, pharmaceutical, construction and real estate sectors, Morgan said: “Over the last 3 months, the economy has posted limited growth mainly due to activity in the construction. sectors During this period, the service sector reduced its growth, partly due to strikes. (AA)

Source: Sozcu

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