The UK economy shrunk less than expected in May despite an extra bank holiday and strikes, reducing the scope for a contraction in the second quarter.
Real gross domestic product decreased 0.1 percent on a monthly basis, reversing April's 0.2 percent growth, the Office for National Statistics reported Thursday. However, this was slower than economists' forecast for a 0.3 percent decline.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com