Home Business UK economy contracts 0.6% in June and 0.1% in Q2

UK economy contracts 0.6% in June and 0.1% in Q2

56 second read
Comments Off on UK economy contracts 0.6% in June and 0.1% in Q2
0
30


Article content

LONDON — Britain’s economy contracted by 0.6% in monthly terms during June, and by 0.1% between April and June, official data showed on Friday.

A Reuters poll had pointed to a 1.3% contraction in June.

The ONS said services fell by 0.5% in June 2022, which was the main driver of the fall in GDP. June’s slide in economic output had been expected because of an extra bank holiday for Queen Elizabeth’s platinum jubilee celebrations. (Reporting by Andy Bruce, William James and Kate Holton)



Source link

Load More Related Articles
Load More By 
Load More In Business
Comments are closed.

Check Also

year JGB yield falls, longer-term notes keep rising

Article content TOKYO — The Japanese government bond market moved in mixed directions on W…