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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.

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"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."


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