UK economy ‘at risk of stalling’ after February slowdown – business live | Business


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UK economic growth slowed by more than expected in February, with Britain’s industrial output dropping 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 earlier, just before the UK’s first lockdowns.

DailyFX Team Live

🇬🇧 GDP MoM (FEB)
Actual: 0.1%
Expected: 0.3%
Previous: 0.8%

April 11, 2022

The ONS reports that the services sector was the main contributor to growth in February, expanding by 0.2%, after England’s ‘Plan B’ restrictions…

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