UK Economy: May GDP Figures Revealed

The Gross Domestic Product (GDP) data for the month of May has been unveiled, providing insights into the economic performance of the United Kingdom.

Annual GDP Growth

The annual GDP growth rate stood at 1.4% in May, marking a significant increase from the revised figure of 0.7% and surpassing the projected growth rate of 1.2%.

Monthly GDP Change

In a month-on-month comparison, the GDP for May exhibited a growth rate of 0.4%, a substantial improvement from the previous figure of 0.0% and exceeding the expected 0.2% growth.