UK Economy Grows for a Second Month as Recovery Takes Hold
- Manufacturing and services both stronger than expected
- January’s reading also revised up from first estimate
Signs of turnaround will be welcomed by Prime Minister Rishi Sunak.
Photographer: Paulo Nunes dos Santos/BloombergThis article is for subscribers only.
The UK economy grew for a second month in February, adding to evidence that the shallow technical recession at the end of last year is already over and that a recovery is underway.
Gross domestic product rose 0.1% from January, the Office for National Statistics said Friday, in line with the gain forecast by economists. January was also revised to show a 0.3% increase, up from the previous 0.2%.