Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
UK output rose by 2.3% between March and April, a shade below expectations, powered by a higher-than-forecast 3.4% jump in services as non-essential shops, outdoor dining and personal services reopened on 12 April, the Office for National Statistics said. Services accounted for 2.87 percentage points of total growth, led by a 8.9% surge in wholesale and retail trading, the biggest rise since June of 2020.
Production fell by 1.3%, confounding forecasts of a 1.2% increase, dampened by a 15% fall in mining and quarrying as oil and gas fields closed for routine maintenance. Manufacturing declined by 0.3%, with transport equipment particularly weak, partially due to a shortage of semiconductors in the automobile industry. Construction output declined by 2.0%, compared defying forecasts of a 1.0% rise.
Output now stands 3.7% below its pre-pandemic level, but has increased by 1.2% above its initial peak hit last October.