UK economy shrank by 0.1% in April
UK economy shrank by 0.1% in April15 minutes ago Share Save Add as preferred on GoogleEmer MoreauBusiness reporterGetty ImagesThe UK's economy contracted by 0.1% in April, the latest official data has shown.The Office...
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A significant story is unfolding on the international scene. UK economy shrank by 0. 1% in April15 minutes ago Share Save Add as preferred on GoogleEmer MoreauBusiness reporterGetty ImagesThe UK's economy contracted by 0.
1% in April, the latest official data has shown. The Office for National Statistics (ONS) said the fall was driven by a decline in output from the key services sector, which was partially offset by a rise in construction.
The Details
A slight contraction for April had been predicted by analysts, after the economy saw stronger than expected growth in March as people brought forward spending due to concerns about the war in the Middle East. In the three months to April, the ONS said the economy grew by 0.
7% compared with the previous three month period.
The development has drawn wide international attention, with diplomatic circles watching closely.
