UK economy contracts by 0.1% in May: ONS

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ReutersLast Updated: Jul 13, 2023, 11:53 AM IST

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Economic output fell 0.1% in May from April, the ONS said. A Reuters poll of economists had pointed to a contraction of 0.3% from April.

UK economy contracts by 0.1% in May: ONS

Britain's economy contracted by less than expected in May when there was an extra bank holiday to mark the coronation of King Charles, figures from the Office for National Statistics showed on Thursday.

Economic output fell 0.1% in May from April, the ONS said.

A Reuters poll of economists had pointed to a contraction of 0.3% from April.

Thursday, 13 Jul, 2023

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