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Euronews
Euronews
Quirino Mealha

UK economy shrinks in April as the Iran war energy shock takes a toll

The UK economy shrank by 0.1% in April, according to data published on Friday by the Office for National Statistics (ONS), ending a run of monthly growth stretching back to last summer and suggesting that the Iran war is beginning to weigh on British output.

Services, the dominant sector of the British economy, fell by 0.2% on the month, while production was flat and construction inched up by 0.1%. Over the three months to April, GDP still expanded by 0.7%, the fifth consecutive period of three-month growth.

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