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

Lahore Tops World Pollution Chart

Along with Lahore, Pakistan’s Karachi also featured in the top 10 most polluted cities globally. …reports Asian Lite News Lahore, Pakistan, continues to hold the title of the world’s most polluted city.

Sudan army pulls out as RSF seizes El-Fasher

al-Burhan made the announcement late on Monday, a day after the RSF claimed to have captured the main Sudanese army base in el-Fasher….reports Asian Lite News Sudan’s army chief, General Abdel Fattah

India vigilant as Nepal faces political uncertainty

Indian agencies suspect that external elements are making attempts to create a political vacuum in the country. …reports Asian Lite News India is closely monitoring political developments in Nepal, emphasising that stability
Go toTop

Don't Miss

British couple missing in Spain floods found dead

The flooding, which has prompted the central government to deploy

UK Farmers to benefit from smoother dairy exports to Egypt

Dairy farmers to benefit from protection of additional export opportunities