RE: UK officially in recession ....12 Aug 2020 11:35
Encouragingly, manufacturing, services and construction output did jump sharply in June, helping the economy expand by 8.7%.
The ONS reports that all three sectors expanded, but are also still significantly smaller than before the lockdown:
Services sector: grew 7.7% in June, but output is 17.6% below the level of February 2020
Industrial production: grew 9.3% in June, but 11.6% below February’s level
Manufacturing: grew 11% in June, but 14.2% below February’s level
Construction: grew 23.5% in June, but 24.8% below February’s level