Spring economic boom signals UK Covid recovery is still on track
Rapid service sector growth and fall in furlough take-up in May as lockdown easing continues
The fastest monthly growth of the services sector since 1997 and a fall in the number of workers on furlough signalled that the UK's recovery from the coronavirus crisis remained on track in May, as lockdown restrictions were relaxed across all four nations of the UK.
A steep fall in unemployment claims in the US and new data showing an acceleration in the recovery across Europe also indicated that the Covid-19 vaccination programmes across the developed world were helping drive a rebound in economic activity.
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