News | Forex Optimum

News

News

UK GDP grew more than expected, industrial production unexpectedly declined

According to the report from Office for National Statistics, UK gross domestic product (GDP) is estimated to have grown by 2.3% in April 2021, the fastest monthly growth since July 2020, as government restrictions affecting economic activity continued to ease. Economists had expected a 2.2% increase.

The service sector grew by 3.4% in April 2021, with consumer-facing services re-opening in line with the easing of coronavirus restrictions and more pupils returning to onsite lessons.

Output in the production sector fell by 1.3% in April 2021, the first fall since January 2021 as three of the four sectors contracted. Economists had expected a 1.2% increase.

Within production, mining and quarrying output contracted sharply, by 15.0%, in April 2021 because of planned temporary closures for maintenance of oil field production sites.

The construction sector contracted by 2.0% in April 2021 following a strong March, with new work slowing down faster than repair and maintenance.

April’s GDP remains 3.7% below the pre-pandemic levels seen in February 2020, however it is now 1.2% above its initial recovery peak in October 2020.

You may also be interested:

03:30 14.06.2021
Schedule for today, Monday, June 14, 2021
Time Country Event Period Previous value Forecast 04:30 (GMT) Japan Industrial Production (YoY)
03:15 14.06.2021
Currencies. Daily history for Friday, June 11, 2021
Pare Closed Change, % AUDUSD 0.77016 -0.62
22:31 11.06.2021
Key events for next week: US retail sales, UK, Canada and Japan consumer price index, Fed, SNB and Bank of Japan interest rate decision, Australia unemployment rate
On Monday, at 04:30 GMT, Japan will announce a change in industrial production for April. At 06:30 GMT, Switzerland will present the producer and import price index for May. At 09:00 GMT, the euro zone will report the change in industrial production for April. At 13:00 GMT, in Britain, the head of the Bank of England Bailey will give a speech. At 22:45 GMT, New Zealand will announce the change in food prices for May.On Tuesday, at 01:30 GMT in Australia, the RBA Meeting's Minutes will be
Deposit
options
Trading
platform
download
Bonuses VIP