Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
On February 22, 2025, people who view the kiosks along the Portobelo market, to the Noting -Hill, Western London.
Mike Kemp | In the pictures Gets the image
The UK economy has grown more than 0.5% a month in February amid jumping in services, official data shown on Friday.
According to LSEG, analysts predicted the monthly gross domestic product growth of 0.1%.
In the office of national statistics, which published previous figures, it said the extension by 0.3% in the service sector caused an unexpected growth jump. In January, the services recorded an increase of 0.1% a month.
Production production in February has a significant recovery, which is 1.5% per month compared to a monthly reduction of 0.5% in January. Construction products also set up a recovery in February, adding 0.4% a month after the fall of 0.3% in January.
A British pound After the release of the data, he jumped against the dollar, increasing 0.6% against the green lapel to trade at $ 1,3047 to 8:08 am in London.
In January, an early assessment showed the UK economy unexpectedly squeezed 0.1% monthly. Later, this figure was revised up to show that economic growth was equal in January.
Over the last year, the UK economy has tried to gain strength. ONS data showed earlier this year that GDP UK increased by 0.1% In the fourth quarter last year, after A handkerchief for three months before that.
Friday figures are released as British braces for economic impact of new 10% export tariffs.
British lawmakers hoped to avoid Full force of US President Donald Trump’s tariffs with America is 17% of the UK International Trade A year before September 2024, it made it the largest trading partner in the UK.
Trap suspended mutual tariffsIf it is restored as soon as their pause is over this summer, British goods will improve the UK with an additional 10% duties.
Surien Tira, director of the Economics of the Institute of Chartered Accountants in England and Wales, said the uncertainty created by the tariffs, probably overcome the best economic data on Friday when it comes to the decision of the Bank of England, whether to trim interest rates next month.
According to LSEG, the markets are currently pricing with 25 bases that are reduced from the Bank of England, which will lead to the main interest rate of the Central Bank to 4.25%.
“Although the activity has bounced heavily when the services and production stand out, the February figures were strongly submitted to the financial market of Bedlam caused by Trump’s tariff,” Tira said.
“The greater global financial and economic instability caused by tariffs in the United States makes the speed be more likely than not, by further concern about Setters concern about the basic sustainability of the UK economy.”
Meanwhile, Basic costs for welfare and A greater tax burden The businesses have caused concern about the worldview for the economy.
Last month in the UK on budgetary responsibility halved the growth outlook For the UK in 2025, in 2025, it reduced its forecast from 2% to 1%.
