UK economic growth picks up after July drop; GDP remains below pre-pandemic level – business live

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UK economic growth picks up after July drop; GDP remains below pre-pandemic level – live

People socialised more in August, with restaurants and hotels growing 10.3%, and arts and entertainment up 8.5%, according to the ONS data. This more than offset a 1.6% fall in wholesale and retail, and a 4% decline in health, due to fewer GP visits and coronavirus vaccinations, noted Paul Dales at Capital Economics. But there were also some signs that shortages are at least continuing to restrain activity if not worsening. Admittedly, the 6.

 

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