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UK economy returns to growth thanks to holiday boom and GP visits
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The UK economy unexpectedly returned to growth in May, fuelled by a boom in holiday bookings and a large rise in GP appointments.
The Office for National Statistics said gross domestic product (GDP) rose by 0.5% on the month, after a revised 0.2% decline in April. City economists had expected zero growth amid fears over the impact from the cost of living crisis.
Despite the overall rise in activity on the month, the latest snapshot revealed a decline in consumer-facing services driven by falling retail sales and a slump in sports activities and recreation.
Industrial output rose 0.9% on the month thanks to strength in the manufacturing sector, while the construction industry also grew by 1.5%.
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