UK economy rebounds in February - GulfToday

UK economy rebounds in February


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Gulf Today Report 

Britain’s economy bounced back in February after declining in January following lockdown, according to official data.

In a statement by the Office for National Statistics (ONS), gross domestic product expanded by 0.4 per cent in February after sinking by an upwardly-revised 2.2 per cent in January.

However, despite the rebound, the economy was 7.8 per cent smaller than its pre-pandemic level in February 2020.


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"Wholesalers and retailers both saw sales pick up a little while manufacturing improved with car producers experiencing a partial recovery from a poor January.

"Construction grew strongly after revised figures showed they had struggled in the last couple of months," said an ONS spokeswoman.

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