Saturday, April 20, 2024
News

Britain's GDP rises above pre-pandemic level for first time

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

London | Saturday, 2022 4:15:07 PM IST
The gross domestic product (GDP) in Britain is estimated to have grown by 0.9 per cent in November 2021, rising above its pre-Covid pandemic level in February 2020 for the first time by 0.7 per cent, the Office for National Statistics said.

Services, production and construction output all increased between October and November 2021, Xinhua news agency quoted the national statistical institute said in a newly-published report.

It added that services and construction output are both 1.3 percent above their pre-pandemic levels while production remains 2.6 per cent below.

Overall, British GDP grew by 1.1 per cent in the three months to November 2021, reflecting the strong performance of the services sector.

"Administrative and support service activities, human health and social work activities and transport and storage were the three largest contributors to the services sector growth," the institute said.

If there are no other data revisions, it added, quarterly GDP for October to December 2021 will either reach or surpass its pre-pandemic level in the fourth quarter of 2019, provided its monthly December 2021 estimate does not fall by more than 0.2 per cent.

--IANS ksk/

( 199 Words)

2022-01-15-10:10:04 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
US imposes sanctions on 4 firms supplyin...
SSB DG Daljit Singh Chawdhary meets stud...
US: Man sets himself on fire outside Man...
Apple removes WhatsApp, Threads from app...
'Don't have any comment': White House mu...
14-member cabinet takes oath in Pakistan...
More...
 
INDIA WORLD ASIA
Delhi HC reserves order on CM Kejriwal's...
UP: Fire breaks out at warehouse in Ghaz...
'No guts to throw a stone in Kashmir': A...
Lok Sabha polls Phase 1: Estimated turno...
Three held in firing incident in Manipur...
Lok Sabha polls Phase 1: West Uttar Prad...
More...    
 
 Top Stories
Tripura: Two polling officials susp... 
Lok Sabha polls: Tamil Nadu records... 
IRDAI removes age limits on health ... 
Pakistan: Court orders medical chec... 
"BJP's '400-paar' film has flopped ... 
Lok Sabha elections: BSF Meghalaya ... 
CSK coach Stephen Fleming sheds lig... 
21 policemen returning from MP's Ch...