GDP grows 0.2% in February as UK economy beats expectations amid Brexit uncertainty


The UK financial system grew 0.2 per cent in February, outperforming the expectations of many Metropolis analysts. Over the three months to February progress got here in at 0.three per cent, regardless of ongoing Brexit-related uncertainty.

Metropolis economists had forecast progress would flatline in February as companies held off funding till political turmoil subsides.

Manufacturing surged 0.9 per cent, pushed by home demand as the specter of Brexit disruption prompted corporations to ramp up manufacturing.

The Workplace for Nationwide Statistics mentioned: “Following a interval of contraction, output in manufacturing and manufacturing has risen for the second month in a row, the latter pushed by home demand. Manufacturing is now at its highest degree since April 2008.”

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