UK economy outperformed expectations in May-June data

Summary：England economy, King III. The Office for National Statistics released data today showing that GDP fell 0.1% month-on-month in May, compared to a 0.2% increase in April. Figures continued a series of unexpected growth in the UK. Markets will watch closely for June data, where a strong recovery is likely to show the underlying strength in economic activity, while weaker data may signal the beginning of a prolonged downturn. Even if the economy is strong, fluctuations and occasional contractions in monthly data are not uncommon. ONS reported contraction in two of the six months from October to March, but the figures for the entire quarter were positive. This contradicts Bank of England's forecast for November, which sees this as one of the longest recessions on record. #GateioBountyCreator# #BountyCreator# #ContentStar# #GateLive# #NewsMessenger# #HotTopicDiscussion#