UK economy returns to growth in May
UK economy returns to growth in MayImage source, Getty ImagesByNick EdserBusiness reporterPublished13 minutes agoThe UK's economy grew by 0.1% in May, the latest official data has shown.The modest increase was driven by...
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A significant story is unfolding on the international scene. UK economy returns to growth in MayImage source, Getty ImagesByNick EdserBusiness reporterPublished13 minutes agoThe UK's economy grew by 0. 1% in May, the latest official data has shown.
The modest increase was driven by growth in the UK's service sector, but offset by falls in the production and construction sectors, the Office for National Statistics (ONS) said. It comes after the economy had contracted slightly in April as the US-Israel war with Iran began to have an impact on businesses.
In the three months to May, the ONS said the economy grew by 0. 7% compared with the previous three month period.
The story has become one of the most prominent items on the global agenda.
