Latest news on the economy

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The Office for National Statistics (ONS) have released their latest indicators for the UK economy and society for April which show the economy slowly returning towards its 2019 levels.

The growth in the economy is expected to accelerate from May as restrictions ease. 

Below are some of the latest results.

  • According to initial results, 9% of currently trading UK businesses had started trading within the last two weeks after a pause in trading, with 83% of businesses now trading (an increase from 77% in the previous period) and a further 4% of businesses intend to restart in the next two weeks.
  • Estimates for UK seated diner reservations on Saturday, April 24, 2021 were at 62% of the level seen on the equivalent Saturday of 2019; this is a slight increase of 2 percentage points from the previous week and is expected to continue.
  • In the week to April 24, 2021, overall retail footfall in the UK was at 80% of its level in the equivalent week of 2019; footfall at retail parks continues to outperform that at shopping centres and high streets relative to its level in the same period of 2019.
  • The volume of UK online job adverts was at 103% of its average February 2020 level on April 23, 2021; this is an increase of 4 percentage points from the previous week and the first time it has exceeded its February 2020 average level since March 6, 2020.
  • There were 14,292 company incorporations in the week to April 23, 2021, a 9% decrease on the previous week (15,771) and the lowest volume recorded in 2021 to date, but 21% higher than the equivalent week in 2019 (11,907).