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Wales Online
Wales Online
National
Neil Shaw

Signs of recovery as UK economy grows 0.4%

UK gross domestic product (GDP) grew by 0.4% in February as it rebounded slightly from a 2.2% decline in January, the Office for National Statistics has said.

An Office for National Statistics (ONS) spokeswoman said: “The economy showed some improvement in February after the large falls seen at the start of the year but remains around 8% below its pre-pandemic level.

“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.

“Exports to the EU recovered significantly from their January fall, though still remain below 2020 levels.

“However, imports from the EU are yet to significantly rebound, with a number of issues hampering trade.”

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