The UK economy recovered in August solely driven by the rebound in the service sector, while industrial output and construction contracted again, the Office for National Statistics said Thursday. Gross domestic product grew 0.2 percent in August from July, when the economy contracted by revised 0.6 percent. The monthly growth matched expectations. In the three months to August, GDP posted a 0.3 pe...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.