Britain's economic output fell by 0.1% in May, contrary to economists' expectations of 0.1% growth.

Official data show a 0.1% contraction in Britain's GDP in May, in contrast to economists' forecasts of 0.1% growth. Although the economy grew rapidly in the first quarter of 2025, the Bank of England revised its forecast for annual growth to 1%. Initial growth was influenced by the expiration of tax breaks for house purchases and manufacturers' efforts to avoid higher import tariffs. The bank forecasts growth of 0.25% for the second quarter.