free web stats Blow for UK economy as GDP falls 0.3% – what it means for YOU – Zing Velom

Blow for UK economy as GDP falls 0.3% – what it means for YOU

THE UK economy shrunk in April, official figures show.

The Office for National Statistics (ONS) said Gross Domestic Product (GDP) went down by 0.3% that month.

Services and manufacturing both contributed to the fall.

However GDP still grew over the last three months as a whole, with signs that some activity may have been brought forward from April to earlier in the year.

It comes after the economy grew by 0.7% in the quarter to March.

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