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UK economy picks up a little speed in May, driven by services


(Reuters) - Britain' economy picked up a bit of speed in May after a slowdown in early 2018, leaning on the services sector for growth as output in manufacturing disappointed, official data showed on Tuesday.A new monthly reading of gross domestic product -- which will be watched closely by the Bank of England as it considers whether to raise interest rates next month -- showed the world's fifth-biggest economy grew by 0.3 percent in May from April.That was up from growth of 0.2 percent in April and in line with the forecast in a Reuters poll of economists, marking the strongest growth since ...

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First Published: Tue, July 10 2018. 14:06 IST