UK economy returned to growth in April

The UK economy returned to growth in April, following a 0.3 percent contraction in March.

Provisional figures published on Wednesday by the Office for National Statistics (ONS) showed the country’s gross domestic product (GDP) grew by 0.2 percent in April.

This rise was largely driven by a 0.3 percent expansion of the services sector and 1 percent growth in consumer-facing services. However, somewhat surprisingly, the construction and production sectors both shrank – by 0.6 percent and 0.3 percent, respectively.

Looking at the broader picture, GDP grew by 0.1 percent in the three months to April. Reflecting on the latest data, a spokesperson for the British Chambers of Commerce described the UK economy as being on a “low growth trajectory”.

If you run a small or medium-sized business in Greater Manchester and want to grow your operations and revenues in a difficult economy, GC Business Growth Hub’s #HereForBusiness package provides practical guidance and expert advice on a range of topics to help you manage the increasing cost of doing business.

To this end, this week, we are running a series of drop-in sessions across the region:

If you have any questions, get in touch now.

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#HereForBusiness is funded by the UK government through the UK Shared Prosperity Fund.