Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

UK Economy Records 0.1% GDP Growth in May, ONS Reports

The UK economy grew by 0.1% in May 2026, according to the Office for National Statistics (ONS). This follows a 0.1% decline in April and a 0.3% increase in March.

The ONS reported that the services sector expanded by 0.3% in May, which was partially offset by decreases in production and construction output, which fell by 0.5% and 0.8% respectively. In the three months to May, real GDP increased by 0.7%, a slight decrease from the 0.8% growth recorded in the three months to April.

The report notes that the wider economic landscape remains uncertain, with factors such as international conflicts, political changes, and ongoing inflation contributing to instability. The ONS figures indicate that while there was modest growth in May, the overall environment for businesses and households continues to face challenges.

For UK letting agents and inventory clerks, the performance of the services sector and the overall economic climate may influence demand for rental properties and property management services. The reported decline in construction output could also have implications for housing supply and the availability of new rental stock.