- Growth was led by the service sector, which recorded its second-strongest expansion in the past eight months.
- Factory output continued to be constrained by widespread supply shortages, with the Ukraine war and mainland China's lockdowns having exacerbated existing pandemic-related supply chain pressures.
- Rates of increase eased in both manufacturing and services to the lowest since February, the factory sector reporting an especially marked cooling in raw material price inflation.
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Economy Shows Resilience In May Thanks To Buoyant Service Sector