UK Statistics Office: UK economy remains robust but growth pace slightly slows
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According to Golden Ten Data on July 16, Liz McKeown, Director of Economic Statistics at the UK Office for National Statistics (ONS), stated that the UK economy maintained robust growth in the three months to May, although the pace of growth has slowed somewhat due to relatively weak economic performance in the last two months. She noted that the services sector was the main driver of economic growth over the past three months, with computer programming and advertising industries once again standing out, while the volatile pharmaceutical sector also saw solid growth. However, this growth only partially offset the drag caused by persistently weak electricity production, and the architectural design and engineering services industry also shrank. She pointed out that although all three major sectors achieved growth in the three months to May, the slight GDP growth in May was solely driven by the services sector, with both the production and construction sectors declining.
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