The UK economy contracted 10.4% in the three months to April of 2020, slightly more than market forecasts of a 10% fall. It is a record plunge in GDP as government restrictions on movement dramatically reduced economic activity. The impacts of the coronavirus were seen right across the economy, with pubs, education, health, car sales, car manufacturing and housebuilding giving the biggest downward contributions. The services sector fell by 9.9%, production by 9.5% and construction by 18.2%, all record decreases. Considering April only, the economy shrank 20.4% compared to March also a record fall. Year-on-year, the GDP went down 24.5% in April only.
