UK economy rebounds with 0.5% growth in May

All main sectors saw positive growth

Valeria Martinez
clock • 2 min read

The UK economy bounced back in May after shrinking in April and March, figures from the Office for National Statistics show.

Following a decline of 0.2% in April, GDP expanded by 0.5% for the month, which was greater than the flat growth that most economists had predicted.  All main sectors contributed positively to growth in May, said Darren Morgan, ONS director for economic statistics. Health was the biggest driver with many more people seeing GPs, despite test and trace and the vaccination programmes winding down. "Road hauliers also had a busy month, while travel agencies fared well with pent up demand for summer holidays," he said. "There was widespread growth across manufacturing after several tough m...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read
UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

UK inflation rises to 3.3% in March as Iran conflict impacts fuel prices

Motor fuel rose 4.7%

Michael Nelson
clock 22 April 2026 • 2 min read