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Economy And The Numbers

UK GDP Recovers In June

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

The UK economy rebounded at a faster-than-expected pace in June, figures from the Office for National Statistics showed on Thursday.

Gross domestic product grew 0.4 percent, following a fall of 0.1 percent in May. Output was forecast to grow 0.2 percent.

All three main sectors grew in June. Services output was the largest contributor to the growth in monthly GDP, increasing by 0.3 percent after a 0.1 percent rise in May.

Industrial production increased 0.7 percent, reversing a revised 1.3 percent fall. Within overall production, manufacturing gained 0.5 percent, partially offsetting May's 1.0 percent fall.

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