UK GDP contracts -0.1% mom, production a main contributor

UK GDP contracted by -0.1% mom in May, slightly better than expectation of -0.3% mom contraction. However, taking a wider view, GDP showed stagnation over the three months to May. The contraction in May was largely due to a decrease in production output by -0.6% mom, contributing significantly to the overall GDP decline. In contrast, […]

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