You are using an older browser version. Please use a supported version for the best MSN experience.

Britain's economy grew by 0.3% in May

Sky News logo Sky News 10/07/2018

UK car industry © PA UK car industry The UK economy bounced back from near stagnation in May, driven by the services sector as manufacturing contracted. 

Gross domestic product grew by 0.3% month-on-month and 0.2% in the three months to May, the Office for National Statistics said. The figures were in line with economist estimates.

ONS head of national accounts Rob Kent-Smith said: "The first of our new rolling estimates of GDP shows a mixed picture of the UK economy with modest growth driven by the services sector, partly offset by falling construction and industrial output.

Watch: Sterling slides after Boris Johnson resignation [Reuters]

UP NEXT
UP NEXT

"Retailing, computer programming and legal services all performed strongly in the three months to May while housebuilding and manufacturing both contracted.

"Services, in particular, grew robustly in May with retailers enjoying a double boost from the warm weather and the royal wedding.

"Construction also saw a return to growth after a weak couple of months."

AdChoices
AdChoices

More from Sky News

image beaconimage beaconimage beacon