UK economy 'grew marginally' in April, data shows

Data published by the Office for National Statistics (ONS) recently showed that the UK economy 'grew marginally' in April 2023.

14 Jun 2023

Data published by the Office for National Statistics (ONS) recently showed that the UK economy 'grew marginally' in April 2023.

GDP increased by 0.2% in April, the ONS found. Strengthening trade in pubs and bars helped the economy grow in April after it shrank in March. Falling energy prices have also helped to bolster UK economic activity, the ONS revealed.

However, rising interest rates and mortgage costs meant the construction industry faltered in April. Health sector output also adversely affected economic growth, partly due to strikes carried out by junior doctors.

Commenting on the data, Darren Morgan, Director of Economic Statistics at the ONS, said: 'Over the last three months as a whole, the economy grew a little, driven largely by the construction industries. The services sector dragged growth downwards, partly due to the impact of public sector strikes.'

Register for newsletter

Why not register to receive our Monthly Newswire?

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Learn more
BAS logo Ciot logo ICAEW logo Sage logo

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy | Help | accSEND | © 2024 McIntosh Accountants Limited. All rights reserved.

McIntosh is a trading name of McIntosh Accountants Limited.

Registered Address: McIntosh Chartered Accountants incorporating Facts and Figures, Windsor Lodge, 263A Werrington Road, Bucknall, Stoke-on-Trent, Staffordshire ST2 9AS
Registered in England | Company number : 04639062

We use cookies on this website, you can find more information about cookies here.