Economy grew more than expected in February – industry reaction

The UK economy grew by 0.5% in February, according to the Office for National Statistics (ONS). The data showed growth following a 0.1% fall in January. The services sector expanded by 0.3 per cent, the production sector grew by 1.5 per cent and construction activity increased by 0.4 per cent. Commenting on the GDP figures,…

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UK economy grows by 0.3% – industry reaction

Latest figures released by the Office for National Statistics (ONS) have shown that GDP rose by 0.3% in November after falling by 0.3% in October as the UK returned to growth. ONS Chief Economist Grant Fitzner said “The economy contracted a little over the three months to November, with widespread falls across manufacturing industries, which…

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UK economy grew by 0.2% in July

New figures from the Office of National Statistics  (ONS)  have indicated that monthly real gross domestic product (GDP) is estimated to have grown by 0.2% in July 2022 following a fall of 0.6% in June 2022. Monthly GDP is now estimated to be 1.1% above its pre-coronavirus levels (February 2020). The services sector grew by…

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