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

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.

Fibre2Fashion News Desk (DS)