LONDON (AP) – Official figures show that the UK economy continued to recover in May after further loosening of lockdown restrictions, although the surge was about half what economists expected.
The National Statistics Office said on Friday that the economy grew 0.8% in May. The growth was mainly driven by the service sector, which posted 0.9% growth after a number of hospitality, leisure and art businesses reopened on May 17th following the easing of restrictions in England.
Although the UK economy has grown for four months in a row, the increase in May was below the 2.3% seen in April and below market expectations for a 1.5% increase.
Despite the growth, the UK economy remains 3.1% smaller than it was in February 2020, the month before the government first put lockdown measures in place to contain the coronavirus.