October 19, 2021, 4:45

UK Economy Grows by 0.4% in August Following Full Easing of COVID-19 Restrictions, ONS Shows – 13.10.2021, Sputnik International

UK Economy Grows by 0.4% in August Following Full Easing of COVID-19 Restrictions, ONS Shows – 13.10.2021, Sputnik International

LONDON (Sputnik) – The United Kingdom’s Gross Domestic Product (GDP) grew by 0.4% in August when more people started to attend restaurants and sports and recreational venues following the end of the last remaining COVID-19 regulations in July, the Office for National Statistics said on Wednesday.”Accommodation and food service activities, and arts, entertainment and recreation contributed most positively to services growth in August 2021, partially offset by falls in health output and retail trade,” the ONS reported.Despite the signs of recovery, the country’s GDP still remains 0.8% below the pre-pandemic level in February 2020, the ONS said.”The economy picked up in August as bars, restaurants and festivals benefited from the first full month without Covid-19 restrictions in England. This was offset by falls in health activity with fewer people visiting GPs and less testing and tracing,” ONS director of economic statistics, Darren Morgan, said.According to the ONS, the GDP growth for July 2021 has now been revised from an initially estimated growth of 0.1% to a 0.1% fall, mainly because of problems experienced in the car manufacturing industry and the oil and gas sector.

Sourse: sputniknews.com

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