UK economy grows 0.5% in May despite cost of living crisis – business live

UK growth fuelled by a boom in holiday bookings and a large rise in GP appointments; US inflation forecast to show a rise to a new 40-year high

Monthly GDP is now estimated to be 1.7% above its pre-pandemic levels (February 2020).

Production grew by 0.9% in May, driven by 1.4% growth in manufacturing and a 0.3% rise in electricity, gas, steam and air conditioning supply.

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from The Guardian https://ift.tt/PXKGeVQ

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