The British economy is booming again
Britain’s economy rebounded slightly in February after a slowdown in January when most of the country went into national lockdown, official data showed Tuesday.
Gross domestic product rose 0.4% in February, after falling 2.2% in January, the Office for National Statistics said in a statement.
However, the bureau added that the economy was still about 7.8% weaker than its pre-pandemic level in February 2020.
UK economy showed some improvement in February
A spokeswoman for the Office for National Statistics said, “The economy showed some improvement in February after the significant decline it witnessed at the start of the year, but it is still around 8.0 percent below its previous outbreak level.”
“Wholesalers and retailers saw a slight increase in sales while manufacturing improved, with automakers partially recovering from January’s weakness,” she said.
“The construction sector posted strong growth after revised figures showed they had been struggling over the past two months,” the spokeswoman added.