MNI China Daily Summary: Friday, April 26

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MNI BRIEF: UK Economy Up In Feb, Signals Recession All But Over

(MNI) LONDON
(MNI) London

Modest Feb growth and upward revision to January sees UK economy likley out of technical recession in Q1.

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UK GDP grew 0.1% in February 2024, following upwardly revised growth of 0.3% in January, the Office for National Statistics said Friday, noting the economy grew by 0.2% in the three months to February compared to the 3 months to November, largely in line with officiaal estimates by the Bank of England and the Office for Budget Responsibility.

Services output grew by 0.1% in February 2024, following growth of 0.3% in January 2024 (revised up from 0.2% growth in our previous publication), and has grown by 0.2% in the three months to February 2024. Production output grew by 1.1% in February 2024 and was the largest contributor to the growth in GDP in the month, following a fall of 0.3% in January 2024 (revised down from a 0.2% fall in our previous publication); production output grew by 0.7% in the three months to February 2024.

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UK GDP grew 0.1% in February 2024, following upwardly revised growth of 0.3% in January, the Office for National Statistics said Friday, noting the economy grew by 0.2% in the three months to February compared to the 3 months to November, largely in line with officiaal estimates by the Bank of England and the Office for Budget Responsibility.

Services output grew by 0.1% in February 2024, following growth of 0.3% in January 2024 (revised up from 0.2% growth in our previous publication), and has grown by 0.2% in the three months to February 2024. Production output grew by 1.1% in February 2024 and was the largest contributor to the growth in GDP in the month, following a fall of 0.3% in January 2024 (revised down from a 0.2% fall in our previous publication); production output grew by 0.7% in the three months to February 2024.

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