UK economy grew below expectations in April

According to the gross domestic product data published by the UK National Statistics Office for April, the country’s economy grew by 2.3 percent, below the 2.3 percent growth expectation.

Industrial production in the UK decreased by 1.3 percent month on month in April, but increased by 27.5 percent year on year. Industrial production increased by 1.8 percent in March and by 3.6 percent in March last year.

Manufacturing sector production decreased by 0.3 percent monthly in April and increased by 39.7 percent annually. The expectations were that the production of the manufacturing sector would increase by 1.5 percent monthly and 41.8 percent annually.

Current account balance is more positive than expected
The UK’s current account balance posted a deficit of £5.549 billion in April, after a deficit of £6.548 billion in March.

Source: Dünya Gazetesi by

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