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UK Economy Shrinks 0.1%, Facing Back-to-Back Declines

7/11/2025

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Summary

Story summary

The UK economy contracted by 0.1% in May, marking two consecutive months of decline.
Analysts expected slight growth, presenting a setback for Chancellor Rachel Reeves.
The downturn was driven by decreased manufacturing output and sluggish retail sales, as reported by the Office for National Statistics.

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Story summary

The UK economy contracted by 0.1% in May, marking two consecutive months of decline.
Analysts expected slight growth, presenting a setback for Chancellor Rachel Reeves.
The downturn was driven by decreased manufacturing output and sluggish retail sales, as reported by the Office for National Statistics.