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GDP monthly estimate, UK : May 2022
Gross domestic product (GDP) grew by 0.5% in May 2022, after a decline of 0.2% in April 2022 (revised up from a 0.3% fall); UK GDP increased by 0.4% in the three months to May 2022, and by 3.5% in the 12 months to May 2022. Services output grew by 0.4% in May 2022 as human health and social work activities grew by 2.1%, mainly because of a large rise in GP appointments, which offset the continued scaling down of the NHS Test and Trace and COVID-19 Vaccination Programmes. Output in consumer-facing services fell by 0.1% in May 2022, driven by a 0.5% fall in retail trade, and non-consumer facing services grew by 0.5% in ... (full story)
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