Sharjah24 – Reuters: Britain's economy grew by 0.6% in September but estimates for previous months were revised lower, leaving GDP 0.6% smaller than it was in February 2020, shortly before the country went into its first COVID-19 lockdown.
The data painted a picture of an economy losing its post-lockdown momentum due to global supply chain problems and caution on the part of businesses.
Economists polled by Reuters had forecast monthly gross domestic product growth of 0.4% for September.
The Office for National Statistics said GDP in July fell by 0.2%, a bigger decline than a previously estimated fall of 0.1%, while output in August was shown rising by just 0.2%, weaker than an originally reported 0.4%.
"Although monthly output rebounded through the quarter from July's contraction this is more likely to reflect a temporary boost from restrictions easing, rather than a meaningful improvement," Suren Thiru, head of economics at the British Chambers of Commerce, said.
September's growth was helped by stronger output in the health sector as people got back to visiting their doctors after falling during the pandemic, leading to a 0.7% rise in the services sector from August.
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