The UK economy expanded by 0.2% in the second quarter following marginal growth of 0.1% in first quarter, new figures show.
Gross domestic product (GDP) is estimated to have grown by 0.5% in June 2023, following a fall of 0.1% in May 2023 and growth of 0.2% in April 2023, the Office for National Statistics (ONS) said.
Darren Morgan, director of economic statistics at the ONS, said that the economy had bounced back from the effects of May’s extra bank holiday for the King’s Coronation.
“Manufacturing saw a particularly strong month with both cars and the often-erratic pharmaceutical industry seeing particularly buoyant growth.
“Services also had a strong month with publishing and car sales and legal services all doing well, though this was partially offset by falls in health, which was hit by further strike action.
“Construction also grew strongly, as did pubs and restaurants, with both aided by the hot weather.”
The Bank of England has forecast that the UK will avoid falling into recession in 2023 but suggested that GDP will remain weak for the next few years.
“The Chancellor is asleep at the wheel while our economy is going nowhere,” said TUC general secretary Paul Nowak in response to the latest monthly figures.
“Stagnant growth puts jobs at risk and holds down pay and conditions for those who remain in work.”
