The UK economy edges higher in May, according to official figures from the Office for National Statistics (ONS). GDP rises by 0.1% in May, following a 0.1% contraction in April. The May gain is reported to be in line with economists’ expectations. Several outlets describe the result as modest, noting that economic growth had been weakening after a stronger start to the year. The reports also link the broader economic backdrop to pressures associated with the Iran war, particularly through impacts on energy costs, which are described as affecting the economy even as GDP shows a small rebound. Taken together, the data point to a fragile pattern of month-to-month change: a decline in April is followed by a slight increase in May rather than a sustained acceleration. While the outlets differ in emphasis—some focusing on the war-related pressures and others on the moderation after early-year growth—they consistently report the same key ONS headline numbers for May and April.
UK GDP grows 0.1% in May after April decline, ONS data shows
The UK economy edges higher in May, according to official figures from the Office for National Statistics (ONS). GDP rises by 0.1% in May, following a 0.1% contraction in April. The May gain is report...
- ONS reports UK GDP rises by 0.1% in May.
- GDP falls by 0.1% in April, preceding the May increase.
- The May growth rate matches economists’ forecasts.
- Reporting links the economic outlook to pressures associated with the Iran war, including energy costs.
- Outlets describe the May result as modest following weaker growth momentum after an earlier strong start to the year.
The Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.
3 hours agoGrowth has been pulling back sharply after a much better than expected start to the year
4 hours agoThe Office for National Statistics said gross domestic product rose by 0.1% in May, following a 0.1% contraction in April.
4 hours agoRise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics showThe UK economy grew by 0.1% in May, despite the impact of the Iran war on energy costs, official figures show.The Office for National Statistics said GDP rose, in line with economists’ forecasts, following a 0.1% decline in April. Continue reading...
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