UK Even in May, the economy decreased by 0.1 percent We chairman Donald TrumpAccording to official data, a broad tariff was stopped.
The office also showed 0.3 percent contraction in April for national statistics data, when US President Donald Trump announced his nation-specific tariff and gave rise to a global trade war.
ONS Director of Economic Statistics Liz McCain said: “The economy slightly contracted with a significant decline in production and manufacturing, partially offset by increasing services only.
“However, during the latest three months as a whole, the economy has still increased. It reflects the previous strength in the year, resulting in, in part, in part, some activity was brought forward by February and March.
“The decline of May in production was powered by oil and gas extraction, car manufacture and often-monotonous pharmaceutical industry.
“While services grew in May with a strong month for legal firms in May, which recovered from a weak April, and computer programming, these were partially offset for retail sale.”
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