{"id":86491,"date":"2023-07-13T11:37:00","date_gmt":"2023-07-13T07:37:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86491"},"modified":"2023-07-13T11:37:02","modified_gmt":"2023-07-13T07:37:02","slug":"the-british-economy-contracted-slightly-less-than-expected-in-may","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/the-british-economy-contracted-slightly-less-than-expected-in-may\/07\/13\/market-updates\/","title":{"rendered":"The British economy contracted slightly less than expected in May"},"content":{"rendered":"\n<p>Britain&#8217;s economy contracted less than expected in May despite the impact of strikes and an extra holiday for banks to mark King Charles&#8217; coronation, putting it on track to avoid contraction in the second quarter of the year.<\/p>\n\n\n\n<p>The Office for National Statistics said on Thursday that Britain&#8217;s economic output fell 0.1% in May on a monthly basis, after growing 0.2% in the previous month.<\/p>\n\n\n\n<p>Economists polled by Reuters had expected a contraction of 0.3 percent.<\/p>\n\n\n\n<p>All sectors of the economy contracted in May except for the services sector, which was flat without growth.<\/p>\n\n\n\n<p>The bureau said it had received reports that the arts, entertainment, hotel and restaurant sectors benefited from the bank holiday.<\/p>\n\n\n\n<p>However, there are indications that production has been affected by strikes in the health, railway and education sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain&#8217;s economy contracted less than expected in May despite the impact of strikes and an extra holiday for banks to mark King Charles&#8217; coronation, putting it on track to avoid contraction in the second quarter of the year. The Office for National Statistics said on Thursday that Britain&#8217;s economic output fell 0.1% in May on &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6863,6835],"class_list":["post-86491","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-covid-19-2","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=86491"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86491\/revisions"}],"predecessor-version":[{"id":86492,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86491\/revisions\/86492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31846"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}