In May, 14% of UK businesses reported increased turnover while 24% saw a decrease, indicating modest stability. A quarter of businesses flagged rising input costs, a decrease from prior months and the lowest level since December 2024. Over half of businesses do not plan to raise prices in July, the highest since last December. Worker shortages persist but are easing, with 16% of larger businesses reporting difficulties. Overall, turnover remains flat, input price pressures are easing, and labour market strains are at their lowest since records began.
About 14% of UK businesses reported increased turnover in May compared to April, while 24% saw a decrease, reflecting stability in revenue trends.
A quarter of businesses noted rising input costs, but this was the lowest percentage since December 2024, indicating easing price pressures.
Over half of the businesses do not plan to raise prices in July, marking the highest figure since last December and showing cautious optimism.
Worker shortages are easing, with 16% of larger businesses reporting difficulties, the lowest since tracking began.
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