UK economy grows despite Iran war hit

cityam

Jul 16

Reeves is tipped to be shuffled out of the Treasury. (Image: PA) The UK economy grew marginally in May after strong performance in parts of the services sector helped soften the impact of Iran war and...

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(Image: PA) The UK economy grew marginally in May after strong performance in parts of the services sector helped soften the impact of Iran war and...</p>\n\n<a href=\"https://www.cityam.com/uk-economy-grows-despite-iran-war-hit/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UK economy grows despite Iran war hit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUK economy grows despite Iran war hit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-16 14:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/uk-economy-grows-despite-iran-war-hit/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reeves is tipped to be shuffled out of the Treasury. (Image: PA) The UK economy grew marginally in May after strong performance in parts of the services sector helped soften the impact of Iran war and...</p>\n\n<a href=\"https://www.cityam.com/uk-economy-grows-despite-iran-war-hit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.cityam.com/uk-economy-grows-despite-iran-war-hit/","article_id":"2651841981","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/07/01KXH6K2HXG1CF1307K1QYMMWH.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/uk-economy-grows-despite-iran-war-hit/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2651841981","pubTimestamp":1784182682,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"“While all three main sectors grew over the three months , the slight growth in GDP in May was driven by services alone, with production and construction both falling back,” Liz McKeown, director of economic statistics at the ONS, said.Stay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.She added the activity in services came from computer programming and advertising, while the “often-volatile pharmaceutical industry also performed well.”Science and tech activity was up 1.8 per cent, heavily driven by a 5.1 per cent expansion in research and development on the strength of medical sciences. The ONS said this industry alone contributed 0.06 percentage points to real GDP growth.It follows the economy recording a 0.1 per cent slip in April, which followed a strong first quarter after growth of 0.3 per cent in March and 0.4 per cent in February.But the outbreak of the conflict in Iran","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4588":"碎股","BBEU":"JPMorgan BetaBuilders Europe ETF"},"translate_title":"尽管遭受伊朗战争打击，英国经济仍在增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBEU":1.5},"content_text":"Reeves is tipped to be shuffled out of the Treasury. (Image: PA) The UK economy grew marginally in May after strong performance in parts of the services sector helped soften the impact of Iran war and narrowly prevented a contraction.Fresh figures from the Office for National Statistics (ONS) have revealed the economy grew 0.1 per cent in May, broadly in line with market expectations.The services sector – which contributes more than 80 per cent of total economic output – grew 0.3 per cent against steep falls in other parts of the economy. Manufacturing contracted 0.8 per cent and production 0.5 per cent.\n\n“While all three main sectors grew over the three months (to May), the slight growth in GDP in May was driven by services alone, with production and construction both falling back,” Liz McKeown, director of economic statistics at the ONS, said.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nShe added the activity in services came from computer programming and advertising, while the “often-volatile pharmaceutical industry also performed well.”Science and tech activity was up 1.8 per cent, heavily driven by a 5.1 per cent expansion in research and development on the strength of medical sciences. The ONS said this industry alone contributed 0.06 percentage points to real GDP growth.It follows the economy recording a 0.1 per cent slip in April, which followed a strong first quarter after growth of 0.3 per cent in March and 0.4 per cent in February.\n\nBut the outbreak of the conflict in Iran at the end of February helped upend global economies and fanned the flames of inflation after oil prices surged to highs of $120 per barrel.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}