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Thursday, August 12, 2021

4.8% Growth in Q2

The ONS state that UK GDP rose by 4.8% in Q2 of this year. 

Drilling down, GDP grew by 1.0% in June 2021 and is now 2.2% below its pre-pandemic peak: 

-services grew 1.5% (2.1% below February 2020) 

-manufacturing grew 0.2% (2.3% below February 2020) 

-construction fell 1.3% (0.3% below February 2020) 

Services continued to be the main contributor to GDP’s recovery in June 2021, growing by 1.5% in June 2021 following a revised 0.7% growth in May 2021.

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