UK Economy latest

The office for National Statistics (ONS) has released its latest analysis of growth for the production, services and construction industries in the UK economy between February 2020 and July 2021, highlighting the impact of the coronavirus (COVID-19) pandemic.

The easing of all coronavirus (COVID-19) restrictions in England on July 19 contributed to monthly gross domestic product (GDP) growing by 0.1% between June 2021 and July 2021; however, GDP remained 2.1% below its level in February 2020, which was the most recent month not significantly affected by the coronavirus pandemic.

The July 2021 growth in GDP was led by a month-on-month rise of 1.2% in production, although this sector remained 2.1% below its February 2020 level; the rise was led by the mining and quarrying sector (contributing 0.16 percentage points of positive growth to GDP), with the extraction of crude petroleum and natural gas industry growing by 28.0%.

See: Coronavirus and the impact on output in the UK economy – Office for National Statistics (ons.gov.uk)