UK Economy Bounced Back in April With Gains for Retailers
- Consumer services rebound from wet weather and strikes
- Strong start for the quarter may embolden BOE to raise rates
This article is for subscribers only.
The UK economy bounced back in April as strong growth in the retail and creative industries sectors offset a slowdown in construction and manufacturing.
Gross domestic product rose 0.2% after a 0.3% decline in March, when heavy rains and strikes kept consumers at home, the Office for National Statistics said Wednesday. The figures left the economy 0.3% bigger than before the coronavirus hit in 2020.