Strong Growth Recorded In April ... The Economy is Hotting Up ...

Official data from the ONS this week revealed "the economy is hotting up". UK GDP is estimated to have grown by 2.3% in April, as government restrictions continued to ease. Compared to prior year, the economy grew by 28%. Construction activity was up by 80%. Manufacturing output increased by 40%. Service sector activity increased by 30%. The increase in the service sector was driven by a surge in retail expansion with strong growth in education, accommodation and food. Construction activity slowed slightly in the month. Developments in the service sector were faster than expected. The service sector expanded by 3.4%