'Mixed picture of UK economy' as GDP climbs to 0.2% in May

First monthly reading

clock
Services sectors drives GDP growth
Image:

Services sectors drives GDP growth

The UK economy expanded by 0.2% in the three months to the end of May, driven by strong growth in the services sector, according to the Office for National Statistics (ONS).

In its latest growth report, the ONS said UK GDP had moved higher in the three months to May, having flatlined in the three months to April period and growing just 0.1% in the first quarter of 2018...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on UK

Image: The latest market news and analysis

Market Movers: Fed poised for another historic rate hike

Potential rate hike of 100 bps

clock 25 July 2022 • 1 min read
Ukraine crisis panel: Investment experts respond to key questions

Ukraine crisis panel: Investment experts respond to key questions

Global challenges

clock 10 March 2022 • 1 min read
Neil Woodford: "Prior to the suspension being instigated, I had already announced an intention to implement a shift within the fund's portfolio."

Woodford promises 'much more liquid portfolio' when Equity Income fund re-opens

'Gap between value and price as wide as I have ever seen'

Anna Fedorova
clock 12 June 2019 •