UK gross domestic product (GDP) is estimated to have increased by 0.8% in Quarter 1 (Jan to Mar) 2022, and by 8.7% compared with Quarter 1 2021. In output terms, services increased by 0.4% with the largest contributors from information and communication, accommodation and food, and transportation and storage industries, while there was a decline in wholesale and retail. In Quarter 1 2022, there was a 0.6% increase in household consumption partially offset by large movements in international trade flows; however, there is some additional uncertainty on the EU trade flows because of recent changes in how some of these ... (full story)