UK economy shrinks in May

Output in consumer-facing services fell by 0.2% in May 2023 following growth of 1.1% in April 2023, revised up from growth of 1.0%

The UK economy contracted by 0.1% in May as output was negatively affected by the King’s coronation, according to the latest statistics from the Office for National Statistics (ONS).

Check out our free weekly podcast

Back to top button