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Home Economy/Technology

UK economy returns to growth in April as consumer spending improves

UK

The Matters Press by The Matters Press
June 14, 2023
Reading Time: 1 min read
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UK economy returns to growth in April as consumer spending improves

London, June 14, 2023: The UK economy bounced back in April after it was boosted by stronger consumer spending in shopping and hospitality.

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UK gross domestic product (GDP) increased by 0.2 per cent for the month after a 0.3 per cent fall in March, the Office for National Statistics (ONS) revealed.

The latest figure was in line with forecasts for the month from economists.

ONS director of economic statistics Darren Morgan said: “GDP bounced back after a weak March.

“Bars and pubs had a comparatively strong April, while car sales rebounded and education partially recovered from the effect of the previous month’s strikes.

“These were partially offset by falls in health, which was affected by the junior doctors strikes, along with falls in computer manufacturing and the often-erratic pharmaceuticals industry.

“House-builders and estate agents also had a poor month.”

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