UK economy contracts 0.6% in June

Reuters | London | Updated: 12-08-2022 11:47 IST | Created: 12-08-2022 11:38 IST
UK economy contracts 0.6% in June
Representative Image Image Credit: ANI
  • Country:
  • United Kingdom

Britain's economy contracted by 0.6% in monthly terms during June, in part reflecting an extra bank holiday for Queen Elizabeth's platinum jubilee celebrations, official data showed on Friday.

A Reuters poll had pointed to a 1.3% contraction in June. The ONS said services fell by 0.5% in June 2022, which was the main driver of the fall in GDP.

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