Economy

UK Economy Shows Resilience with 0.5% GDP Growth in February Amid Global Uncertainties

UK GDP Growth Highlights

The United Kingdom's gross domestic product (GDP) experienced a 0.5% increase in February, as reported by the Office for National Statistics. This growth signals a positive trend in the UK's economic recovery.

Sector-wise Performance

Production output led the growth with a 1.5% rise, followed by construction output at 0.4%, and services output growing by 0.3%.

Quarterly Growth Overview

From December to February, the real GDP saw a 0.6% increase compared to the previous three months. Notably, production and services sectors grew by 0.7% and 0.6% respectively, while construction remained stable.