UK's GDP Growth Highlights Economic Resilience

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 comes after a slight decline in January, signaling a positive shift in the country's economic trajectory.

Sector-wise Performance

Breaking down the figures, production output saw a significant rise of 1.5%, while construction output and services output grew by 0.4% and 0.3% respectively. This diversified growth across sectors underscores the UK economy's adaptability and strength.

Quarterly Growth Insights

From December to February, the real GDP increased by 0.6% compared to the previous three months. Notably, production and services sectors led the charge with 0.7% and 0.6% growth, whereas construction output remained stable, showing no change.