Figures released by The Office for National Statistics show the UK economy bouncing back from the impact of Covid-19 accelerated in July, as the reopening of businesses closed for months began to have a positive influence on more people venturing out and spending.
The Office for National Statistics reported gross domestic product rising through July by 6.6% compared with June, evidence of the positive impact from some lockdown measures being relaxed.
Hospitality was at the forefront of improvements as the reopening of restaurants and pubs fuelled a rise in consumer spending.
Economic life was reactivated across hospitality as it increased by a whopping 141% in July following the government allowing hospitality venues to reopen.
Despite the significant increase in economic activity it sits behind output across business sectors dependant upon social mobility down by 60% when compared with data pre Covid-19.
The three-month period to the end of July shows that UK GDP was down 7.6% across the economy as a whole.
The final figures released by HM Treasury for the Eat Out to Help Out initiative show that over 100 million covers were claimed during August. This will aid further improvements in the next set of figures from The Office for National Statistics for hospitality.
September however has seen wider lock down restrictions imposed and these will doubtless see fewer consumers out spending.
The July data does show how hospitality has the ability to bounce back given the right market conditions. Hospitality cannot control the macro economic landscape, but through operating safe hospitality locally has the ability to build on July and August.
