The Sri Lanka - China Hotline
LATEST NEWS චීනයට චෙරි මල් සමය උදාවෙයි
Colombo 32
June 14th, 2024

අප්‍රේල් වල බ්‍රිතාන්‍ය දළ දේශීය නිෂ්පාදිතයේ වර්ධනයක් නෑ!


UK economy fails to grow in April

The monthly real gross domestic product (GDP) of the United Kingdom (UK) failed to grow in April, down from the 0.4 percent expansion in March, according to official data released on Wednesday.

Services output grew by 0.2 percent in April, for its fourth consecutive monthly rise, said the Office for National Statistics (ONS).

However, production output and construction output both fell in April by 0.9 percent and 1.4 percent respectively, according to the ONS data.

The ONS said certain businesses in the retail trade had reported their April output was reduced because of wetter weather in the month, which saw 55 percent more rainfall across the UK than the average for April.

Wednesday's data showed that the UK economy remained "fragile on its route to a sustained economic recovery," the renowned think tank the National Institute of Economic and Social Research (NIESR) said.

The sluggish economy could have an impact on voter sentiment ahead of the general election due in early July, UK media has reported.

  • Category:
  • Tags:
Copyright © 2024 Sri Lanka Mirror. All rights reserved.