Economic Buzz: UK GDP Contracts 0.3% M-o-M In April

13 Jun 2022 , 02:02 PM

UKs Gross domestic product (GDP) fell by 0.3% in April 2022, after a decline of 0.1% in March 2022; GDP increased by 0.2% in the three months to April 2022. Services fell by 0.3% in April 2022 and Production fell by 0.6% in April 2022, driven by a fall in manufacturing of 1.0% on the month, as businesses continue to report the impact of price increases and supply chain shortages. Powered by Commodity Insights