UK GDP grew 0.2% mom in April, matched expectations. Services rose 0.3% mom. Production declined by -0.3% mom. Construction fell -0.6% mom. In the three months to April, GDP grew 0.1%, compared with the three months to January 2023, with falls in 8 of the 14 sub-sectors.
Also released, industrial production fell -0.3% mom, -1.9% yoy in April, versus expectation of -0.1% mom, -2.6% yoy. Manufacturing production declined -0.3% mom, -0.9% yoy, versus expectation of -0.1% mom, -1.8% yoy. Goods trade deficit narrowed from GBP -16.4B to GBP -15.0B, versus expectation of GBP -16.5B.
