BR100 Decreased By (-0.04%)
BR30 Decreased By (-0.24%)
KSE100 Increased By (0.02%)
KSE30 Decreased By (-0.01%)
AGHA 6.71 Increased By ▲ 0.03 (0.45%)
BECO 4.40 Increased By ▲ 0.03 (0.69%)
BML 56.95 Decreased By ▼ -0.37 (-0.65%)
BOP 30.34 Decreased By ▼ -0.01 (-0.03%)
CNERGY 13.11 Decreased By ▼ -0.01 (-0.08%)
CSIL 5.37 Decreased By ▼ -0.04 (-0.74%)
FCCL 52.75 Decreased By ▼ -0.04 (-0.08%)
FFL 14.63 Decreased By ▼ -0.09 (-0.61%)
FNEL 1.13 Increased By ▲ 0.01 (0.89%)
KEL 6.15 Increased By ▲ 0.06 (0.99%)
KOSM 6.18 Increased By ▲ 0.45 (7.85%)
LOTCHEM 26.50 Increased By ▲ 0.04 (0.15%)
MLCF 93.20 Increased By ▲ 0.04 (0.04%)
NBP 164.99 Increased By ▲ 0.33 (0.2%)
NCPL 55.66 No Change ▼ 0.00 (0%)
NPL 60.82 Decreased By ▼ -0.34 (-0.56%)
OGDC 315.90 Decreased By ▼ -0.83 (-0.26%)
PACE 9.96 Increased By ▲ 0.09 (0.91%)
PAEL 35.60 Decreased By ▼ -0.03 (-0.08%)
PIBTL 14.85 Increased By ▲ 0.17 (1.16%)
PPL 224.35 Decreased By ▼ -2.56 (-1.13%)
PRL 92.95 Decreased By ▼ -0.07 (-0.08%)
PTC 60.03 Decreased By ▼ -0.23 (-0.38%)
SSGC 23.85 Increased By ▲ 0.04 (0.17%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.81 Increased By ▲ 0.01 (0.13%)
TPL 22.34 Decreased By ▼ -0.01 (-0.04%)
TPLP 12.80 Decreased By ▼ -0.17 (-1.31%)
TREET 22.06 Decreased By ▼ -0.10 (-0.45%)
TRG 56.75 Increased By ▲ 0.19 (0.34%)
By

LONDON: Britain's economy grew by a faster-than-expected 1.0% in June, the first full month of indoor service for many hospitality firms, and also helped by the healthcare sector due to a rise in routine medical checkups after the pandemic.

But the official data showed British gross domestic product remained 2.2% smaller than it was immediately before the pandemic struck the country, a reminder of the damage done by Britain's long coronavirus lockdowns last year.

Britain's economy slumped by almost 10% in 2020, one of the biggest hits suffered by a rich nation, and the Bank of England expects it to regain its pre-pandemic size only at the end of 2021. The US economy has already made up the hit.

The GDP figures have yet to show the impact of a surge in coronavirus cases in July although other data published on Thursday showed consumer spending in the week to Aug. 5 rose to within a whisker of its February 2020 level.

The month-on-month growth for the overall economy in June was stronger than an increase of 0.8% expected in a Reuters poll of economists.

Comments

Comments are closed for this article.