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UK economy returned to growth in May driven by services sector
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to content IndependentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inIndependent Bulletin homepageDownload our app AllNewsSportCultureLifestyleThe UK’s economy is expected to have been stagnant for another month (PA) (PA)The UK economy returned to growth in May, with Gross Domestic Product (GDP) rising by 0.1%, according to the Office for National Statistics (ONS). However, expansion was muted amid price pressures stemming from the Iran war. This meagre growth followed a 0.1% contraction in April, which marked the first fall in eight months. The services sector drove the increase with a 0.3% expansion, while the production and construction sectors both saw declines. Overall, GDP increased by 0.7% in the three months to May.In fullUK economy ekes out growth in May amid Iran war pressuresMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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cityam.com
UK economy grows despite Iran war hit
The UK economy grew a sluggish 0.1 per cent in May as a boom in parts of the services sector helped prevent a contraction.
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independent.co.uk
UK economy ekes out growth in May amid Iran war pressures
The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.
