The British economy shrank 0.3 percent month-over-month in April of 2022, following a 0.1 percent contraction in March and missing market expectations of a 0.1 percent expansion.
Services fell by 0.3 percent, reflecting a 5.6 percent decrease in human health and social work, where there was a significant reduction in NHS Test and Trace activity.
Production fell by 0.6 percent, driven by a fall in manufacturing of 1.0 percent on the month, as businesses continue to report the impact of price increases and supply chain shortages.
Construction also fell by 0.4 percent, following strong growth in March when there was significant repair and maintenance activity following the storms experienced in the latter half of February 2022.
GDP is now 0.9 percent above its pre-coronavirus level in February 2020. The British economy grew by 0.2 percent in the three months to April 2022, with construction contributing 0.2 percentage points, while services and production were broadly flat.