India, June 12 -- The UK economy shrank more than expected in April largely reflecting a fall in services output, the Office for National Statistics reported Thursday.
Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March. This was the biggest fall since October 2023. GDP was expected to drop marginally by 0.1 percent.
The production-side of GDP showed that services output contracted 0.4 percent, reversing March's 0.4 percent rise.
Industrial production decreased 0.6 percent, which was slightly slower than a 0.7 percent drop in March. By contrast, construction output grew at a faster pace of 0.9 percent after rising 0.5 percent a month ago.
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