{"id":433857,"date":"2026-07-16T13:14:15","date_gmt":"2026-07-16T06:14:15","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-economy-grows-marginally-in-may-driven-by-services-sector-bounce-433857\/"},"modified":"2026-07-16T13:14:15","modified_gmt":"2026-07-16T06:14:15","slug":"uk-economy-grows-marginally-in-may-driven-by-services-sector-bounce","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-economy-grows-marginally-in-may-driven-by-services-sector-bounce-433857\/","title":{"rendered":"UK economy grows marginally in May, driven by services sector bounce"},"content":{"rendered":"<div>\n<ul>\n<li>UK May monthly GDP +0.1% vs +0.1% m\/m expected<\/li>\n<li>Prior -0.1%<\/li>\n<\/ul>\n<p>The more detailed breakdown for the month:<\/p>\n<ul>\n<li>Services output +0.3% vs +0.1% m\/m expected<\/li>\n<li>Prior -0.2%; revised to -0.1%<\/li>\n<li>Industrial output -0.5% vs -0.1% m\/m expected<\/li>\n<li>Prior 0.0%; revised to +0.2%<\/li>\n<li>Manufacturing output +0.1% vs -0.2% m\/m expected<\/li>\n<li>Prior +0.4%; revised to +0.5%<\/li>\n<li>Construction output -0.8% vs -0.3% m\/m expected<\/li>\n<li>Prior +0.1%; revised to -0.1%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The overall estimate points to marginal growth in the UK economy for the month of May, driven much by a rebound in the services sector for the most part. The three-month running monthly GDP estimate also shows a growth of 0.7%, beating the expected 0.5% growth estimate. However, that is just down slightly from the previous three months to April of 0.8% growth.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In any case, this still points to the UK economy somewhat holding up in Q2 so far despite the trials and tribulations from the US-Iran conflict and also domestic political woes.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Stagflation risks remain a concern but a bit less so with UK headline annual inflation dipping back under 3%. That being said, it&#8217;s still a high number and the US-Iran conflict now starting back up again will pose a threat to the outlook surely.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Growing fiscal worries and cost of living concerns will also be part of the picture, so there is that to keep in mind as well.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\ufeff<\/p>\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UK May monthly GDP +0.1% vs +0.1% m\/m expected Prior -0.1% The more detailed breakdown for the month: Services output +0.3% vs +0.1% m\/m expected Prior -0.2%; revised to -0.1% Industrial output&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433857","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433857"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433857\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}