UK GDP dips 0.1% in May

ONS figures show 'no sign of growth' in three months

Cristian Angeloni
clock • 2 min read
UK GDP dips 0.1% in May

The UK's gross domestic product shrank by 0.1% in May, the Office for National Statistics (ONS) said today (13 July).

The dip came after 0.2% growth in April 2023, but looking more broadly, GDP showed "no sign of growth" in the three months to May 2023 when compared with the three months to February 2023, the ONS ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: Invest in Britain or I'll force you to, business secretary tells pension funds

News Digest: Invest in Britain or I'll force you to, business secretary tells pension funds

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 July 2026 • 1 min read
PPF publishes 2025/26 annual report showing 'excellent progress'

PPF publishes 2025/26 annual report showing 'excellent progress'

Lifeboat fund said its growth portfolio delivered above-target investment return of 7.1%

Holly Roach
clock 09 July 2026 • 2 min read
Mortality rates hit record lows in 2026, CMI finds

Mortality rates hit record lows in 2026, CMI finds

CMI monitor finds mortality rate for H1 2026 fell by 2.4% compared to H1 2025

Martin Richmond
clock 09 July 2026 • 1 min read
Trustpilot