UK April monthly GDP -0.3% vs -0.1% m/m expected

• Prior +0.2%
• Services -0.4% m/m
• Prior +0.4%
• Industrial output -0.6% m/m
• Prior -0.7%
• Manufacturing output -0.9% m/m
• Prior -0.8%
• Construction output +0.9% m/m
• Prior +0.5%

The main drag comes from a decline in services output, which was the first monthly drop since October last year. Overall, there were falls in 9 of the 14 subsectors for the month of April. Not quite a good start to Q2 for the UK economy.

This article was written by Justin Low at www.forexlive.com.