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Wednesday, 12 June 2024 06:56

UK economy stagnated in April – Data

UK economy stagnated in April – Data

The UK economy saw no growth in April, according to early official figures from the Office for National Statistics.

This comes after a 0.4 per cent increase in March.

A Reuters poll of economists had anticipated this stagnation, attributing it to wet weather negatively impacting retail sales and construction output.

 

The ONS report, the last GDP update before the election, revealed that April’s rainfall was 155 per cent above the long-term average.

Details later...

[Punch]

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