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

Xi, Zardari Hold Talks in Beijing

Zardari said Pakistan firmly supports China’s core interests and major concerns..reports Asian Lite News Chinese President Xi Jinping held talks with Pakistani President Asif Ali Zardari in Beijing on Wednesday. Xi said

No More Solo Climbs Above 8,000m in Nepal

The move was taken to ensure the safety of the climbers on the peaks above 8,000 metres…reports Asian Lite News Nepal has banned solo expeditions to all the mountains above 8,000 metres
Go toTop

Don't Miss

Sunak warns of ‘profound’ economic challenges

Rishi Sunak said that the UK is a great country

Ajman Department of Tourism Launches UK Roadshow to Strengthen Ties

Expressing optimism about the ongoing roadshow effort, His Excellency highlighted