Service sector bolsters strongest GDP growth since January

The latest UK gross domestic product (“GDP”) estimate showed a 0.4% expansion in May, surpassing expectations due to growth in industrial production, services and construction. Over the past three months, GDP grew by 0.9%, the strongest since January 2022, with services contributing significantly. This aligns with purchasing managers index data, highlighting the services sector's role in the economic recovery...

Stocks featured:

Jet2, Liontrust Asset Management and Hunting

To find out more about the investment management services offered by Walker Crips, please visit our website:

https://www.walkercrips.co.uk/

This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange.

Hosted on Acast. See acast.com/privacy for more information.