The economy grew by 0.2 per cent in April, following on from a confirmed 0.3 per cent contraction in March. This fits the trend this year of small ebbs and flows in GDP, which all together add up to extremely little overall growth this year. This is now what the big forecasters have predicted, from the Office for Budget Responsibility, to the OECD and IMF.
Overall services grew by 0.3 per cent, the ‘main contributor’ to April’s uptick in growth. The biggest sub-sector for growth was ‘wholesale and retail trade’ which is thought to have improved due to the lack of train strikes and transport hiccups in April.
Consumer-facing services had a small recovery overall, growing by ‘1.0 per cent in April 2023, after a fall of 0.8 per cent in March 2023’. These services, however, remain well below their pre-Covid levels, by close to 9 per cent.

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