City
Epaper

UK economy contracts 0.3% in April

By IANS | Updated: June 14, 2022 08:15 IST

London, June 14 The UK's (UK) gross domestic product (GDP) declined by 0.3 per cent in April after ...

Open in App

London, June 14 The UK's (UK) gross domestic product (GDP) declined by 0.3 per cent in April after a 0.1 per cent drop in March, the Office for National Statistics (ONS) has said.

For the first time since January 2021, the output of all the main sectors (services, production and construction) fell in April, Xinhua news agency reported.

Services, the main contributors to April's fall, declined by 0.3 per cent.

Production dropped by 0.6 per cent, driven by a 1 per cent fall in manufacturing on the month, as businesses struggled with price rises and supply chain shortages, the ONS said.

Construction also shrunk 0.4 per cent in April after strong growth in March, when significant repair and maintenance activities were needed following the storms in February.

"A big drop in the health sector due to the winding down of the test and trace scheme pushed the UK economy into negative territory in April," Darren Morgan, director of economic statistics at the ONS, explained on Twitter.

"Manufacturing also suffered with some companies telling us they were being affected by rising fuel and energy prices

The ONS noted that the UK's monthly GDP in April was 0.9 per cent higher than its pre-Covid-19 pandemic level in February 2020.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Darren morganukLondonOffice For National StatisticsPremier of saOnsAdministrative capitalGeneral statistics office
Open in App

Related Stories

InternationalUK to Ban Porn Featuring 'Choking' and 'Strangulation' Acts

EntertainmentJanhvi Kapoor, Shikhar Pahariya Spotted Holding Hands on Busy Streets of London (Watch Video)

NationalSunjay Kapur Funeral Today in Delhi: Final Rites at Lodhi Road Crematorium at 5 PM; Karisma Kapoor’s Children to Attend

MumbaiMumbai: Man Arrested for Sending Obscene Emails to Neighbour In Dahisar

MumbaiMumbai: Diamond Earrings, Gold Rolex Worth Rs 35 Lakh Stolen from Colaba Businessman’s Home

Politics Realted Stories

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala

MaharashtraNCP Leader Suraj Chavan Shares Alleged Black Magic Video of Shiv Sena Leader Bharat Gogawle Amid Row Over Raigad Guardian Post

MaharashtraMaharashtra Politics: Raj Thackeray Meets CM Devendra Fadnavis at Taj Lands End Amid Rumours of MNS–Sena UBT Alliance

MaharashtraMaharashtra Municipal Elections 2025: Mahayuti Alliance to Contest Civic Body Polls Together, Says CM Devendra Fadnavis

Maharashtra'Remembered the Advice My Mother Gave Me': Supriya Sule On Her WhatsApp Status