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

Rare bone-eroding hits Kenya’s county

The fungal variety is endemic across the so-called “mycetoma belt” — including Somalia, Sudan, Yemen and northern Kenya — with funding and research desperately lacking Joyce Lokonyi sits on an upturned bucket,

30 dead in separatist attack in Nigeria

Amnesty International said that more than 20 vehicles and trucks were set ablaze during the Thursday attack along the Okigwe-Owerri highway in Imo state At least 30 people have been killed after

Congo national park acknowledges rights abuses

An internal investigation by African Parks uncovered cases of torture, rape and forced displacement of Indigenous people who used to inhabit the land A national park associated with Prince Harry in the

33 killed in Sudan strikes

The attacks came after six straight days of RSF drone strikes on the army-led government’s wartime capital Port Sudan damaged key infrastructure including the power grid At least 33 people have been

Congo, Rwanda submit peace proposal

US President Donald Trump’s senior adviser for Africa and the Middle East, Massad Boulos, said on social media that he welcomed the draft text “received from both (Congo) and Rwanda,” calling it
Go toTop

Don't Miss

Russia sanctions UK’s media representatives, defence figures

Ukrainian President Volodymyr Zelensky has called on the European Union

UK, India to set joint Commonwealth Diplomatic Academy

Jaishankar and Truss held a meeting at Kigali, Rwanda, where