S&P Global’s monthly survey has shown that business activity across the UK economy declined in May, ending a 13-month run of growth.

Researchers said that all manufacturing data points relating to output, employment and purchasing improved for the first time since May 2022.

S&P Global’s monthly survey has shown that business activity across the UK economy declined in May, ending a 13-month run of growth.

May’s score in the S&P Global UK services PMI survey marked the first time business activity has decreased since April 2025.

Worries about the Iran war as well as political uncertainty in the UK were weighing on demand for building work last month.