THE UK economy grew by 2.1% in March despite the coronavirus lockdown causing many businesses to temporarily shut.

It comes after a 1.5% fall in the first part of the year when Covid-restrictions limited the usual New Year spending.

The UK economy was 5.6% below the February 2020 level

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The UK economy was 5.6% below the February 2020 levelCredit: ONS

Despite the rise, the economy remained 5.9% below its level in February 2020, before the first coronavirus lockdown, according to the Office for National Statistics (ONS).

Darren Morgan, ONS director of economic statistics, said: “The strong recovery seen in March, led by retail and the return of schools, was not enough to prevent the UK economy contracting over the first quarter as a whole, with the lockdown affecting much of the services sector.

“However, construction grew strongly over the quarter and, in March, was above its pre-pandemic level.

“Manufacturing also recovered from an initial fall, increasing strongly in February and March, as businesses continued to adapt and make themselves Covid-19 secure.

“Exports of goods to the EU continued to increase in March and are now almost back to their December level.

“However, imports from Europe remain sluggish in the first three months of the year, being outstripped by non-EU imports for the first time on record.”

More to follow…

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