MNI BRIEF: UK GDP Falls As US Exports Stall In April

UK GDP contracted in April, falling a bigger-than-expected 0.3% m/m, data released by the Office for National Statistics showed Thursday.

However, over the last three months, growth was an estimated 0.7% in the three months to April 2025, compared with the three months to January, largely driven by solid growth in the services sector in this period.

Trade data released Thursday showed weak exports to many sectors, including the EU, but monthly exports to the US declined the most on time series record in outright cash terms, led by weaker auto sales.