The UK economy contracted in April due to weakness in the services sector, the Office for National Statistics reported Friday.
Real gross domestic product posted a contraction of 0.1 percent in April, in contrast to a 0.3 percent expansion in March. This was the first monthly fall since August 2025 and also came in line with expectations.
The decline was driven by a 0.2 percent fall in services output. This was offset by a 0.1 percent increase in construction output.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.