United Kingdom GDP grows by 0.1% MoM in May, as expected
The UK Gross Domestic Product (GDP) grew by 0.1% MoM in May, following a 0.1% decline reported in April, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
The market forecast was for a 0.1% rise in the same period.
Other data from the UK showed that monthly Industrial Production came in at -0.5% MoM in May while Manufacturing Production increased by 0.1% during the same period.
Market reaction to the UK data
The Pound Sterling remains weak following the UK data. At the press time, the GBP/USD pair is losing 0.06% on the day to trade at 1.3531.
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