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UK ECONOMIC GROWTH WEAKER THAN FIRST THOUGHT IN SPRING

30/09/2024 03:12 PM

LONDON, Sept 30 (Bernama-PA Media/dpa) -- Growth across the UK economy was weaker than previously thought over the spring, according to revised official figures, reported PA Media/dpa news.

The Office for National Statistics (ONS) said gross domestic product (GDP) increased by 0.5 per cent between April and June, revised down from an initial estimate of 0.6 per cent.

Growth was driven by an increase in the services sector, while the manufacturing and construction industries dragged on the headline figure, the ONS said.

The figures show that the UK economy continued its recovery from recession at the end of last year, albeit at a slightly slower pace than previously thought.

GDP increased by 0.7 per cent over the first quarter, between January and March, unrevised figures showed.

--BERNAMA-PA MEDIA/dpa


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