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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

UK economy shrinks by 0.1% in May after coronation festivities

A Victoria sponge cake and bottles of rosé wine during a coronation celebration in Alfriston, England.
A coronation celebration in Alfriston, England. Photograph: Glyn Kirk/AFP/Getty Images

Britain’s economy shrank by 0.1% in May after a hit to activity from a trio of bank holidays, including for King Charles’s coronation.

The Office for National Statistics said that gross domestic product (GDP) fell on the month, after growth of 0.2% in April, as manufacturing, energy generation and construction all dropped as some industries were affected by one fewer working day than normal. City economists had forecast a bigger fall of 0.3%.

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