UK economy remains 3.1% smaller than pre-pandemic level

Official figures show that the British economy rebounded further in May following another easing of lockdown restrictions, though the increase was about half that expected by economists

LONDON -- Official figures show that the British economy rebounded further in May following another easing of lockdown restrictions, though the increase was about half that expected by economists.

The Office for National Statistics said Friday that the economy grew by 0.8% during May. The growth was largely driven by the services sector, which reported 0.9% growth after a raft of hospitality, leisure and arts firms were able to reopen due to the relaxation of restrictions in England on May 17.

Though the British economy has now grown for four months in a row, May's increase was lower than April's 2.3% and below market expectations for a 1.5% rise.

Top Stories

Top Stories

Top Stories

Top Stories

ABC News Live

ABC News Live

24/7 coverage of breaking news and live events