UK economy shrank unexpectedly in May

Published: 7/11/2025
UK economy shrank unexpectedly in May
The UK economy shrank unexpectedly in May, contracting for the second consecutive month by 0.1%. Analysts expected slight growth but were surprised by the decline. Manufacturing and retail were key factors contributing to the economic output fall. Chancellor Rachel Reeves referred to the latest figure as "disappointing", as the government focuses on boosting economic growth.