UK economy 'grew marginally' in April, data shows

14 Jun 2023

Data published by the Office for National Statistics (ONS) recently showed that the UK economy 'grew marginally' in April 2023.

GDP increased by 0.2% in April, the ONS found. Strengthening trade in pubs and bars helped the economy grow in April after it shrank in March. Falling energy prices have also helped to bolster UK economic activity, the ONS revealed.

However, rising interest rates and mortgage costs meant the construction industry faltered in April. Health sector output also adversely affected economic growth, partly due to strikes carried out by junior doctors.

Commenting on the data, Darren Morgan, Director of Economic Statistics at the ONS, said: 'Over the last three months as a whole, the economy grew a little, driven largely by the construction industries. The services sector dragged growth downwards, partly due to the impact of public sector strikes.'

Register for our Monthly Newsletter -

Why not register to receive our Monthly Newswire?

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Sign up today »

Tel: 01749 685000

Email:

Chalmers HB
20 Chamberlain Street
Wells
Somerset
BA5 2PF


Contact us | Credits | Accessibility | Disclaimer | Help | Site map |

© 2024 Chalmers HB. All rights reserved.
We use cookies on this website, you can find more information about cookies here.

Chalmers HB Limited, Registered in England, Registered number 4233537, Registered Office: 20 Chamberlain Street Wells Somerset BA5 2PF. Chalmers HB Audit Limited, Registered in England, Registered number 9739736, Registered Office: 20 Chamberlain Street, Wells, Somerset BA5 2PF.