UK economy returns to growth with GDP rising by greater-than-expected 0.4 per cent in May


The UK economy grew quicker than expected in May as more shoppers returned to high streets and construction work recovered, according to official data.

The Office for National Statistics (ONS) said gross domestic product (GDP) increased by 0.4 per cent in May. It came after no growth was recorded in April when damp weather hit consumer spending. Economists had predicted that GDP would increase by 0.2 per cent in May.

ONS director of economic statistics Liz McKeown said: “The economy grew strongly in May, with all the main sectors seeing increases.

“Many retailers and wholesalers had a good month, with both bouncing back from a weak April. Construction grew at its fastest rate in almost a year after recent weakness, with housebuilding and infrastructure projects boosting the industry.”

In April, GDP flatlined after a 0.4 per cent month-on-month rise in March, according to the Office for National Statistics.]

Growth in April was driven entirely by the services sector, with information and technology and the professional and scientific sectors expanding rapidly.

This is a breaking news story. More to follow…



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