UK economy shrinks

الاثنين 1440/10/7 هـ الموافق 2019/06/10 م واس


LONDON, June 10, 2019, SPA — Britain’s economy got off to a poor start in the second quarter, shrinking by 0.4% in April compared to the previous month, AP reported.
The main drag in the figure reported by the Office for National Statistics was a plunge in manufacturing output. Car production fell 24% as automakers brought forward summer shutdowns to avoid any disruption from the March 31 Brexit, which has been delayed to Oct. 31.
Meanwhile, the Department of International Trade says it has secured a preliminary free trade agreement with South Korea to ensure the companies can keep trading freely after Brexit.
The department says some 99% of British exports to South Korea were eligible to be exported tariff free last year.
–SPA
14:25 LOCAL TIME 11:25 GMT
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