Newcastle's city centre

UK GDP grew just 1.8% in May as services remained weak

Growing just 1.8% on April, below consensus expectations for 5%, meant GDP in the three months to May remained a seismic 19.1% below the same three-month period last year. Services grew a meagre 0.9%, while industrial and construction output increased 6% and 8.2%, respectively. Services As lockdown restrictions were still largely in force throughout May,