Home Business news UK economy returned to growth in May

UK economy returned to growth in May

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ONS figures show gross domestic product rose by 0.4 month on month after recording zero growth in April

The UK economy returned to growth in May after a washout month in April when activity flatlined, resuming the recovery from last year’s recession.

Figures from the Office for National Statistics (ONS) show gross domestic product rose by 0.4% month on month, after recording zero growth in April when wet weather hit consumer spending. City economists had forecast growth of 0.2%.

Continue reading…ONS figures show gross domestic product rose by 0.4 month on month after recording zero growth in AprilThe UK economy returned to growth in May after a washout month in April when activity flatlined, resuming the recovery from last year’s recession.Figures from the Office for National Statistics (ONS) show gross domestic product rose by 0.4% month on month, after recording zero growth in April when wet weather hit consumer spending. City economists had forecast growth of 0.2%. Continue reading…