THE UK economy returned to growth in August after suffering a dip in July.
According to the latest official figures, UK gross domestic product grew 0.4% in August in the first full month after Covid-19 restrictions were lifted.
1
It remains 0.8% below February 2020 levels, before the pandemic began.
The economy resumed its recovery after suffering a 0.1% drop in July.
The Office for National Statistics previously estimated growth of 0.1% for July, but that has since been revised down.
However, other recent data revisions for earlier in the year make the economy much closer to its pre-pandemic size than when the last set of monthly GDP data was released.
Darren Morgan, director of economic statistics at the ONS, said: “The economy picked up in August as bars, restaurants and festivals benefited from the first full month without Covid-19 restrictions in England.
“This was offset by falls in health activity with fewer people visiting GPs and less testing and tracing.
“However, later and slightly weaker data from a number of industries now mean we estimate the economy fell a little overall in July.”
More to follow…
For the latest news on this story keep checking back at Sun Online.
Thesun.co.uk is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.
Download our fantastic, new and improved free App for the best ever Sun Online experience. For iPhone click here, for Android click here.
Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.
