Get all your news in one place.
100's of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Sion Barry

Welsh economy has shrunk shows new figures from the ONS

The Welsh economy has seen the biggest contraction of any nation or region of the UK, shows latest figures from the Office fo National Statistics.

In the third quarter (Q3) of 2022 gross domestic product (GDP) - a key benchmark for the health of the economy based on the value of all goods and services produced - shrank by 2% on the previous quarter. Based on a sector analysis the biggest contraction was felt in manufacturing with a fall of nearly 10%. Only a few sectors experienced growth on the previous quarter with transport and storage and information and communication both up 4%.

Over the same period the Scottish economy shrank 0.3% while for England and Northern Ireland it remained flat.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.