People traveling the stands along the Portobello road market on February 22, 2025 in Notting Hill, west of London.
Mike Kemp | In pictures | Getty images
The British economy increased by more than 0.5% by 0.5% per month in February in the middle of a leap in the production of services, official data showed on Friday.
Analysts had planned a monthly increase in gross interior products of 0.1% in February, according to LSEG data.
The Office for National Statistics, which has published the provisional figures, said that an expansion of 0.3% in the service sector had led to the surprise growth. In January, the services had recorded a monthly increase of 0.1%.
Production production experienced a substantial recovery in February, by entering growth of 1.5% per month compared to the monthly contraction of 0.5% observed in January. Construction production also organized a recovery in February, adding 0.4% per month after the drop of 0.3% in January.
THE British book Jumped against the dollar after the data version, up 0.6% against the greenback to negotiate at $ 1,3047 at 8:08 a.m. in London.
In January, an early estimate showed the British economy unexpectedly narrowed 0.1% on a monthly basis. This figure was then revised upwards to show that economic growth was stable in January.
The British economy has struggled to grow in the past year. ONS data showed earlier this year that British GDP extended by 0.1% in the fourth From last year, after Flatling in the previous three months.
Friday figures are published in the form of an breeze for the economic impact of new rates of 10% on its exports to the United States.
British legislators hoped to avoid The full strength of the American president's pricing regime Donald Trump, with America represents 17% of British international trade From the year to September 2024 – by making the largest trading partner in Great Britain.
Trump reciprocal suspended pricesIf they were restored once their break is finished this summer, would slap the United Kingdom with additional 10% tasks on British products.
SUREN THIRU, director of the economy of the Institute of Accountants approved in England and in the land of Wales, said that the uncertainty created by the prices would probably prevail over the better than expected economic data on Friday, with regard to the decision of the Bank of England, to reduce interest rates next month.
The markets are currently reducing an interest rate of 25 reduced base points from the Bank of England in May, according to LSEG data, which would lower the main interest rate of the central bank to 4.25%.
“Although the activity was strongly rebounded while the services and manufacturing production rallied, the February figures were firmly pushed to the background by the Bedlam financial market caused by Trump's pricing announcements,” said Thiru.
“The greatest global financial and economic instability caused by American tariff announcements makes a drop in the rate may be more likely than beyond the concerns of the regimes with regard to the underlying resilience of the British economy.”
In the meantime, Major social expenditure reductions And A bigger tax burden On companies, companies have created concerns about the prospects for the economy.
Last month, the United Kingdom office for budgetary responsibility has halved its growth forecasts For the United Kingdom, passing its prospects from 2% to 1% in 2025.
