UK GDP data for May 2025

In May, the UK economy was again narrowed, the data was shown on Friday.

According to the latest monthly growth statistics of the Office for National Statistics, the UK gross domestic product (GDP) signed a 0.1% contract in May-month in May. The analyst surveyed by the royators expects 0.1% extension.

Weakness was concentrated in production production, down 8.9%and construction, which fell by 8..6%. Finance Minister Rahel Revouss will be shocked, who has rebooted economic growth and UK’s budget deficit to reduce Her original purpose.

The latest data after a contraction of 0.3% in April When domestic tax has increased and US President Donald Trump announced the rates The same as trade partners and enemies. The frenzy of the tariffs sent global markets to the telespin and created the uncertainty of a broad business.

Despite Trump’s higher or less balanced trade relations with the United States, when considering the exchange of goods, the UK had a 10% “transplant rate” hit, though considering the services, it runs a large surplus, According to the ONS trade data of 2024??

Britain has since signed a trade agreement with the United States. The European Union includes who is still waiting for Washington to sign a trade agreement.

Despite the comfort of the US trade agreement, the UK has faced domestic economic headwinds, and in the first quarter of the Bumper Bumper 5.7% (Credit for the Trade of Trump’s Trade Prior to Trade Fee), the GDP is not expected to repeat in the subsequent quarter updates. The first quarter (Q2) GDP’s first will be on August 14th.

Instead, economists expect that the rest of the year will decrease Weakened job And the current financial uncertainty, while the Bank of England has reduced the increase in 1% in 2025.

Dust Bank’s chief UK economist Sanjay Raja has predicted that GDP growth will be on a monthly basis in May, but it is likely to move forward.

“Where next? According to our Baselian estimates, our Q2-25 and 2025 annual estimates have come to a negative risk,” Raja said in the comments emailed on Thursday.

“Terrible April ‘GDP print takes tenth to our quarterly GDP projection (our Navacast is from the official projection of 5.5% of Quarter-Quarter compared to 5.5% quarter-quarter.

This is a breaking news story, please check the following updates.