Home breadcru News breadcru Policy breadcru No MoM growth in UK real GDP in Apr 2024; 0.6% YoY growth: ONS

No MoM growth in UK real GDP in Apr 2024; 0.6% YoY growth: ONS

12 Jun '24
2 min read
No MoM growth in UK real GDP in Apr 2024; 0.6% YoY growth: ONS
Pic: Adobe Stock

Insights

  • Monthly UK real GDP is estimated to have shown no month-on-month (MoM) growth in April, following 0.4-per cent MoM growth in March.
  • It grew by 0.6 per cent YoY in the month.
  • Real GDP grew by an estimated 0.7 per cent quarter on quarter and by 0.4 per cent YoY between February and April.
  • Production output fell by an estimated 0.9 per cent MoM in April.
Monthly UK real gross domestic product (GDP) is estimated to have shown no month-on-month (MoM) growth in April this year, following 0.4-per cent MoM growth in March. It grew by 0.6 per cent year on year (YoY) during the month.

Real GDP is estimated to have grown by 0.7 per cent quarter on quarter (QoQ) and by 0.4 per cent year on year (YoY) in the three months to April, according to the Office of National Statistics (ONS).

Production output fell by 0.9 per cent in April following growth of 0.2 per cent in March, but grew by 0.7 per cent in the three months to April.

Production output is estimated to have grown by 0.7 per cent QoQ in the three months to April, driven by a 1-per cent rise in manufacturing output.

On the month, production output is estimated to have fallen by 0.9 per cent in April, following growth of 0.2 per cent in March. This was driven by a fall of 1.4 per cent in manufacturing.

Manufacturing output fell by 1.4 per cent in April and was the largest contributor to the fall in production output in the month, an ONS release said.

Only 3 of the 13 sub-sectors within manufacturing contributed positively in April.

ALCHEMPro News Desk (DS)

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