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The UK economy suffered another decline in May, falling well-short of expectations of growth, numbers son Friday showed. According to the Office for National Statistics, UK gross domestic product fell 0.1% on-month in May. It followed a 0.3% fall in April from March. The economy had been expected to grow 0.1% in May, however, according to consensus cited by FXStreet. In March, the economy had risen 0.4% from February. Services output returned to growth in May, edging up 0.1%, after a 0.3% fall in April. Production output, however, fell at a faster pace of 0.9% in May, after a 0.6% decline in April from March. Construction output was 0.6% lower monthly in May, after a 0.8% rise in April. ‘Real GDP is estimated to have grown by 0.5% in the three months to May 2025, compared with the three months to February 2025. This reflected growth earlier in the year that resulted, in part, from some activity being brought forward to February 2025 and March 2025. There was growth in all three main sectors in the three months to May 2025,’ the ONS said. ‘This included a rise of 0.4% in services sector output, which was the main contributor to the increase in GDP. Production and construction output grew by 0.2% and 1.2%, respectively.’ Sterling fell after the data. The pound bought $1.3545 shortly after the release, from $1.3563 beforehand. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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