UK's GDP grew by 0.5% in May 2022: ONS

The monthly GDP is now estimated to be 1.7 per cent above its pre-coronavirus (COVID-19) pandemic levels (February 2020).

The country’s production grew by 0.9 per cent in May 2022, driven by growth of 1.4 per cent in manufacturing in the month of May. The growth increased in 12 of the 13 manufacturing sub-sectors. The contribution of manufacturing of textiles wearing apparel and leather products to the GDP increased by 0.01 percentage points, according to ONS.

Overall, production increased by 0.5 per cent in the three months to May 2022.

ALCHEMPro News Desk (KD)