(Alliance News) - The UK economy returned to growth in May, according to data from the Office for National Statistics on Wednesday.
UK gross domestic product rose by 0.4% in May from April, having been flat on-month a month earlier.
This was hotter-than-expected, with FXStreet pencilling in a 0.2% increase.
The ONS also said that industrial production rose by 0.2% on-month in May, in line with FXStreet consensus. In April from March, industrial production fell by 0.9%.
On an annual basis, industrial production rose by 0.4% in May, having lost 0.7% in April. FXStreet were expected a 0.6% rise.
Also on Thursday, ONS data showed that the UK trade deficit narrowed to GBP4.89 billion from GBP6.75 billion.
By Sophie Rose, Alliance News senior reporter
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