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RBC Capital Markets

June 12, 2026

UK GDP April 2026

Macro Economic IndicatorsMacro Economic IndicatorsEnergyIndustrials

UK GDP contracted by 0.1% in April, missing expectations but highlighting sectoral weakness in services against resilient manufacturing output. Growth is expected to remain soft in coming quarters due to inflationary pressures.

Key Takeaways

  • 1.UK GDP contracted by 0.1% m/m in April 2026, consistent with consensus but missing growth expectations.
  • 2.Services output drove the decline, with negative contributions from administrative support, retail/wholesale, and arts/entertainment.
  • 3.Manufacturing remains resilient, rising 0.4% m/m, likely supported by firms pulling forward activity to avoid supply disruptions from Middle East conflict.

Table of Contents

  • RBCi: UK GDP (April 2026)
  • Fall in GDP in April, slowdown ahead

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