The Office for National Statistics said that gross domestic product (GDP) increased by 5.5 per cent in the second quarter of the year, after being revised up from the initial estimation of 4.8 per cent.
Shops reopening and a return to eating out helped fuel the upward GDP revision, with household spending contributing four percentage points of the 5.5 per cent increase.
The bounce-back recovery has slowed down in recent months, however, with economic growth easing to only 0.1 per cent in July. This was a drop from 1.4 per cent growth in June.
Jonathan Athow, deputy national statistician at the ONS, explained the new figures, saying: “The economy grew more in the second quarter than previously estimated, with the latest data showing health services and the arts performing better than initially thought.
This story is from the October 01, 2021 edition of The Independent.
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This story is from the October 01, 2021 edition of The Independent.
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