The U.K. economy is estimated to have fallen by 0.1% in May 2023 after growth of 0.2% in April 2023 figures out this morning from the Office of National Statistics suggest
Looking at the broader picture, they say, GDP has shown no growth in the three months to May 2023.
Economists had expected a drop of 0.3%, after an additional holiday to mark the coronation of King Charles III weighed on activity
Production output fell by 0.6% in May after a fall of 0.2% in April , The construction sector fell by 0.2% in May following a fall of 0.9% in April while Services output showed no growth in May following growth of 0.3% in April
