Source: Office for National Statistics
The United Kingdom gross domestic product posted a nine-month high in April, as more businesses reopened amid the easing of government restrictions due to the COVID-19 pandemic.
- GDP grew by 2.4% in April to mark the fastest monthly growth since July 2020.
- Services climbed 3.4% on the back of the 12.7% growth in consumer facing services, signalling a recovery to the peak in October 2020.
- Retail sales gained 9.2% after non-essential retail establishments were allowed to resume operations from April 12 in England and Wales and from April 26 in Scotland.
- Accommodation grew 68.6% as caravan parks and holiday lets picked up, while food and beverage services surged 39% as restaurants offered al fresco dining.
- Production output shrank 1.3% led by the drop in mining and quarrying which contributed -0.1 percentage points. This is the first fall since January.
- Construction fell 2.0% on lower new work and repair and maintenance. This is the first fall since December 2020.