(Office for National Statistics) UK gross domestic product surged by 4.8% in the second quarter, following the easing of coronavirus restrictions.
The UK GDP is now 4.4% below the pre-pandemic level witnessed between October to December quarter of 2019.
The GDP rose across the three months of the second quarter, with April leading at 2.2%, June at 1.0%, and May at 0.6%.
The nominal GDP in the quarter rose at a lower 3.6% year over year.
The largest contributors to the UK’s GDP were wholesale and retail, good service activities, accommodation, and education.
All main components of expenditure rose except trade, with household consumption leading.
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