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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Finance

UK economy grows in February

Britain's economy grew in February and outpaced expectations for the three-month average.

Gross domestic product added 0.1% month on month in February, matching forecasts following an upwardly revised 0.3% rise in January.

The three-month average outpaced forecasts by growing 0.2% compared to the 0.1% predicted by analysts.

While the British economy contracted 0.2% year-on-year, this compared favourably to forecasts of a 0.4% drop, following a 0.3% decline in January

Production was the top performer, soaring by 1.1% in February, with manufacturing, cars and utilities all showing strength.

Services output also grew, though construction offset the data by shrinking 1.9% due to wet weather.

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