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U.K. Economy Slowed Again in April

Published 06/13/2022, 02:40 PM
© Reuters.

By Geoffrey Smith 

Investing.com -- The U.K. economy slowed again in April, as industrial and manufacturing output slumped for a second straight month. 

Gross domestic product for the three months through April grew only 0.2% after 0.8% in the previous three-month period, with industrial production falling 0.6% on the month and manufacturing output falling by 1.0%, the Office for National Statistics said. 

Economists had predicted a rise of 0.4% in quarterly GDP. The ONS's index of service activity indicated that the sector stagnated during the period.

The data are the latest to show the effects of a sharp rise in regulated household energy bills during April, which had an immediate impact on consumers' disposable income.

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