The UK economy contracted unexpectedly in May as the manufacturing sector suffered another steep decline in activity, according to official figures. The Office for National Statistics (ONS) said gross domestic product (GDP) contracted by 0.1% in May, following a 0.3% drop in April. #ONS
00:00Hello, I'm Greg Wright of the Yorkshire Post.
00:04The UK economy contracted unexpectedly in May as a manufacturing sector suffered another steep decline in activity, according to official figures.
00:14The ONS said gross domestic product contracted by 0.1% in May, following a 0.3% drop in April.
00:24Most economists had expected slight growth of 0.1% in May.
00:31It comes after activity in the manufacturing sector dropped by 1% following a steep fall in April,
00:38having surged early in the year as US importers stocked up ahead of US President Donald Trump's tariff rises, which came into effect at the start of April.
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