UK economy grew 1.0% stronger than expected in June – ONS – .

UK economy grew 1.0% stronger than expected in June – ONS – .

LONDON, Aug. 12 (Reuters) – Britain’s economy grew 1.0% faster than expected in June, boosted by the huge service sector as people returned to seeing their doctors after the pandemic and after many hotel companies were allowed to resume indoor service in mid-May, official data showed on Thursday.

A Reuters poll of economists had indicated monthly growth of 0.8% in gross domestic product.

The Office for National Statistics also revised its May growth estimate to 0.6% from an initially reported 0.8% increase, but output growth in April was revised to 2.2% from 2 , 0%.

Gross domestic product in the three months to the end of June was 22.2% higher than in the same period of 2020, reflecting the impact of the first coronavirus stop last year on much of the world. economy that contrasted with the lifting of restrictions in the second quarter of this year.

The huge service sector grew 1.5% in June from May, with healthcare activities contributing the most to service output and food and beverage services up more than 10%.

Industrial production fell 0.7% as maintenance of oilfield production sites weighed on the sector, but manufacturing increased 0.2%.

Construction production fell 1.3%.

GDP was 2.2% lower at the end of June than it was in February 2020, before the pandemic hit the country.

The Bank of England predicts it will return to its pre-COVID size in the last quarter of this year, later than the United States.

Reporting by William Schomberg and Andy Bruce; edited by Guy Faulconbridge

Our Standards: The Thomson Reuters Trust Principles.


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