UK economy slowed by more than expected in February – business live | Business
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UK economic growth slowed by more than expected in February, as Britain’s industrial output dropped as manufacturers struggled to obtain parts,
UK GDP rose by just 0.1% in February, new figures from the Office for National Statistics shows, with activity at Covid-19 Test and Trace and vaccination rollout programmes dipping.
That followed 0.8% growth in January, and is below the 0.3% February growth which economists expected. It leaves the economy around 1.5% larger than two years ago, just before the UK’s first lockdowns.
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🇬🇧 GDP MoM (FEB)
Actual: 0.1%
Expected: 0.3%
Previous: 0.8%https://t.co/xpEQcFcV3c
April 11, 2022
The ONS reports that the services sector was the main contributor to growth in February, expanding by 0.2%, after the ‘Plan B’…
