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Home Economy

UK economy grew by slower-than expected 0.8% in May

4 years ago
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Britain’s economy grew by a slower-than expected 0.8% in May from April, official data showed on Friday.

A Reuters poll of economists had pointed to month-on-month growth of 1.5% in gross domestic product.

The figure for May from the Office for National Statistics was lower than April’s 2.0% growth when restrictions eased for non-essential retailers, hairdressers and pubs and restaurants that could serve customers outside.

But it was faster than typical pre-pandemic, month-on-month rises in GDP.

Source: cnbc
Via: norvanreports
Tags: month-on-month rises in GDPOffice for National StatisticsUK economy
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