May GDP In The Black After April Fall, Up...>

UK DATA: May GDP In The Black After April Fall, March Revised Up 

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MAY GDP +0.3% M/M (PREV -0.4%, MNI MEDIAN +0.3%)}

MAY GDP +0.3% 3M/3M (0.4% PREV, MNI MEDIAN +0.1%)} 

MAY GDP 3mY/Y +1.7% Y/Y (PREV +1.9%); 3M/3M ANN 1.1%}    

MAY TOTAL TRADE DEFICIT STG2.324BN VS STG3.716BN APR}   

MAY INDEX OF SERVICES 0.0% M/M; +1.7% Y/Y}

MAY INDUSTRIAL PROD +1.4% M/M (PRV -2.9%); +0.9% Y/Y}

MAY MANUFACTURING +1.4% M/M (PRV -4.2%); 0.0% Y/Y}

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UK GDP growth picked up in May, with the volatile monthly series up 

0.3%, recovering from a fall of 0.4% in April. Mar was revised to +0.1% 

from -0.1%. Rolling 3-month growth in the Mar-May period was 0.3%, down 

slightly from +0.4% in the three months to April. IP and manufacturing 

both rose after sharp falls in April, although both categories saw April 

data revised lower. The ONS noted a rebound in car production helped the 

May pick up.