British economy narrows by 0.3% in April

By Gokhan Ergocun

ISTANBUL (AA) - The UK's economy has shrunk by 0.3% in April, on a monthly basis, official data showed on Monday.

Production, construction and services items all dropped by 0.6%, 0.4% and 0.3%, respectively, in April, the Office for National Statistics said in a statement.

"This is the first time that all main sectors have contributed negatively to a monthly GDP estimate since January 2021," it added.

The country's economy was also shrank by 0.1% in March, according to the authority.

The statistical authority said price increases and supply chain shortages continue to have a severe impact on businesses.