GDP falls by record 20.4% in April – ONS

Industry News | 12/06/20

GDP fell by 20.4% in April, following a fall of 5.8% in March, according to the latest statistics from the ONS.
The monthly fall is the biggest on record for the UK, almost ten times larger than the steepest pre-coronavirus fall.
The ONS says the negative impacts of social distancing and lockdown have led to a significant fall in consumer demand and business and factory closures, as well as supply chain disruptions. The data shows that GDP fell by 10.4% in the three months to April.

Source: financial reporter