UK Q1 GDP contraction was finalized at -1.6% qoq, revised from first estimate of -1.5% qoq fall. The level of GDP was -8.8% below the pre-pandemic level at Q4 2019.
Services contracted -2.1% qoq, and was at -8.8% below Q4 2019. Production contracted -0.5% qoq, at -3.7% below Q4 2019. Construction grew 2.3% qoq, still -3.7% below pre-pandemic levels.
