June 13, 2022
1 min read

UK GDP declines by 0.3%

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…reports Asian Lite News

The UK’s 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.

ALSO READ-UAE GDP to grow at 5.4% in 2022

Previous Story

‘Golahat genocide’ still haunts survivors

Next Story

Pak FM Bilawal leaves for Iran

Latest from -Top News

Delhi Talks: EU, India Eye Trade & Tech

The EU President, accompanied by the European Union College of Commissioners, will be on a visit to India from February 27 to February 28. ..reports Asian Lite News As top European Union

Russia offers rare earth metals to US

Ukraine and the US are currently in renewed negotiations to sign an agreement on rare earth metals…reports Asian Lite News Russia on Monday said that it is ready to strike a deal

Egypt: Rebuild Gaza, No Displacement

Egypt has been stepping up efforts to support war-ravaged Gaza by receiving and treating sick and injured residents…reports Asian Lite News Egyptian President Abdel-Fattah al-Sisi stressed the necessity of starting the early

Iran Rejects Nuclear Talks Under Pressure

Araghchi on Tuesday reiterated Iran’s refusal to hold direct talks with the US unless Washington ends its “maximum pressure” sanctions campaign…reports Asian Lite News Iran will not negotiate over its nuclear program

Trump Proposes $5M Immigration Gold Card

The Gold Card programme he announced on Tuesday, though, is primarily meant for the rich who can buy it for themselves….reports Asian Lite News US President Donald Trump has announced plans for
Go toTop

Don't Miss

Why Rishi lost the race?

Several other MPs too switched sides. Meanwhile, Liz became stronger

Boris, Modi talk vaccine certification, Afghan situation

The telephone conversation came four days after the UK announced