UK's GDP Growth in February

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, month on month.

Quarterly Growth Overview

From December to February, the real GDP showed a 0.6% increase compared to the previous three months. Notably, production and services sectors expanded by 0.7% and 0.6% quarter on quarter, whereas the construction sector remained unchanged.