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

WHO adopts Global Pandemic Agreement

The agreement seeks to boost international coordination and ensure equitable access to life-saving tools during future pandemics, while reaffirming respect for national sovereignty in public health decisions In a move aimed at

UK-East Africa trade forum to kickstart investment

UK hosts first-ever forum dedicated to trade and investment with East Africa, including announcements on cross-border trade and electric motorbikes The UK has announced two investments in East Africa to de-risk cross-border

First detection of West Nile virus in UK

West Nile Virus is a vector borne disease belonging to the Flaviviridae family, which also includes the viruses that cause dengue and yellow fever A research programme by the UK Health Security
Go toTop

Don't Miss

UK Govt to compensate thousands of veterans over hearing loss

In a case last year which paved the way for

Saudi GDP grows 8.7% in 2022

It said the Saudi GDP reached, at the current exchange