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	<title>GDP growth - NewsWireExplorer</title>
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		<title>Boost for UK economy as GDP rises by 0.6% after major slump</title>
		<link>https://www.newswireexplorer.com/boost-for-uk-economy-as-gdp-rises-by-0-6-after-major-slump/</link>
		
		<dc:creator><![CDATA[Harry J]]></dc:creator>
		<pubDate>Thu, 15 Aug 2024 08:30:31 +0000</pubDate>
				<category><![CDATA[World]]></category>
		<category><![CDATA[GDP growth]]></category>
		<category><![CDATA[manufacturing sector]]></category>
		<category><![CDATA[Office for National Statistics]]></category>
		<category><![CDATA[UK economy]]></category>
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					<description><![CDATA[<p><a href="https://www.express.co.uk/finance/city/1936261/uk-economy-grows-gdp-rises"><img src="https://www.newswireexplorer.com/uploads/2024/08/boost-for-uk-economy-as-gdp-rises-by-0-6-after-major-slump-1.jpg"/></a></p>
<p>In June, there was no economic growth recorded for the month.</p>
<p>The post <a href="https://www.newswireexplorer.com/boost-for-uk-economy-as-gdp-rises-by-0-6-after-major-slump/">Boost for UK economy as GDP rises by 0.6% after major slump</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWireExplorer</a>.</p>]]></description>
										<content:encoded><![CDATA[<div><img decoding="async" src="https://www.newswireexplorer.com/uploads/2024/08/boost-for-uk-economy-as-gdp-rises-by-0-6-after-major-slump.jpg" class="ff-og-image-inserted"></div>
<p>The UK economy continued its recovery from recession at the end of last year as growth extended over the latest quarter, according to official data.</p>
<p>The Office for National Statistics (ONS) said gross domestic product (GDP) increased by 0.6% between April and June, in line with economist predictions.</p>
<p>In June, there was no economic growth recorded for the month as weakness in services was offset by improvements in the manufacturing sector.</p>
<p>It came after no growth was recorded in April due to an impact from wet weather, and then 0.4% growth in May as the economy recovered.</p>
<p>The second-quarter performance came after 0.7% growth in the first quarter, after a shallow recession over the second half of 2023.</p>
<p>ONS director of economic statistics Liz McKeown said: &#8220;The UK economy has now grown strongly for two quarters, following the weakness we saw in the second half of last year.</p>
<p>&#8220;Growth across the three months was led by the service sector, where scientific research, the IT industry and legal services all did well.</p>
<p>&#8220;In June growth was flat with services falling, due to a weak month for health, retailing and wholesaling, offset by widespread growth in manufacturing.&#8221;</p>
<p><strong>MORE TO FOLLOW&nbsp;</strong></p><p>The post <a href="https://www.newswireexplorer.com/boost-for-uk-economy-as-gdp-rises-by-0-6-after-major-slump/">Boost for UK economy as GDP rises by 0.6% after major slump</a> first appeared on <a href="https://www.newswireexplorer.com">NewsWireExplorer</a>.</p>]]></content:encoded>
					
		
		
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