The UK economy recovered in May with more holiday bookings and visits to doctors, data published by the Office for National Statistics showed Wednesday.
Gross domestic product grew 0.5 percent from April, when output was down by revised 0.2 percent. Economists had forecast GDP to remain flat after April's initially estimated 0.3 percent fall.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.