People are sailing along the market along the Portobello road on February 22, 2025, in Notting Hill, west of London.
Mike Kemp | In pictures | Pictures of getty
The economy of the United Kingdom grew by 0.5% of 0.5% month in February in the middle of a leap of service production, Official data was shown on Friday.
Analysts had projected a monthly rise in gross domestic product of 0.1% in February, according to LEG DATA.
The Office of National Statistics, which published the provisional figures, said that an expansion of 0.3% in the service sector had promoted the surprise leap of growth. In January, the services had registered a monthly increase of 0.1%.
Production production saw a substantial recovery in February, and indicated a growth of 1.5% month by month compared to the monthly contraction of 0.5% seen in January. Construction production also made a recovery in February, and added 0.4% in the month after the 0.3% fall in January.
It British pound He jumped against the dollar after data release, increasing 0.2% against the Greenback to trade $ 1,2988 at 7:18 AM in London.
In January an early estimate showed the UK economics unexpectedly reduced 0.1% monthly. This figure was later reviewed to show that economic growth was Pla in January.
The economy of the United Kingdom has struggled to gain momentum in the last year. The Data of Onds showed at the beginning of the year that British GDP expanded 0.1% In the fourth quarter last year, after Flatlining in the previous three months.
Friday’s figures are published as the UK keys to the economic impact of new 10% rates on their exports to the United States.
British legislators had been hoping to avoid – The complete force of the United States President’s Rate Scheme, Donald Trump, with America representing 17% of Britain’s international trade The year until September 2024, making it the main British trade partner.
Trump Reciplocked rates suspendedIf you were reinstated after your pause this summer, you would take a look at the United Kingdom with additional duties of 10% on British goods.
Suren Thiru, director of Economics at the Charterated Commanders Institute in England and Wales, said that the uncertainty created by the rates would probably annul the economic data better than expected, when it comes to the decision of the Bank of England if you cut the interest rates next month.
Currently, markets are priced at a 25 -point basis interest rate of the Bank of England in May, according to LEG data, which would reduce the basic interest rate of the Central Bank to 4.25%.
« Although the activity was strongly rebounded as the services and production of manufacturing met, the February figures have been firmly driven by the financial market’s background caused by Trump’s tariff ads, » said Thiru.
« Greater financial and economic instability caused by U.S. tariff ads makes a reduction in the rate more likely than not, further feeding the worries of the assembly by the underlying resilience of the British economy. »
In the meantime, Cuts of important care expenses and A greater tax burden In companies they have created concerns about the perspectives of the economy.
Last month, the United Kingdom Office for budget responsibility halved his growth forecast For the UK, reducing their growth prospects from 2% to 1% by 2025.
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