Britain’s economy contracted for the first time in three months, aligning with analyst expectations amid weak services and production output.
The UK economy shrank by 0.1% month-over-month in April, following a 0.3% expansion in March. The decline matched consensus forecasts and marked the first contraction since January, driven by declines in services and production sectors.
March’s growth had rebounded from a flat reading in February, while April’s data reflects a modest slowdown. Analysts had anticipated a slight pullback after three consecutive months of positive or stable growth.
No immediate market reaction was reported following the release, which confirmed expectations rather than surprising investors.