UK: Real GDP Grows by 0.1% in February

The data published by the UK’s Office for National Statistics showed on Monday that the real Gross Domestic Product grew by 0.1% on a monthly basis in February. This print followed January’s expansion of 0.8% and missed the market expectation of 0.3%.

Other data from the UK revealed that the Manufacturing Production and Industrial production contracted by 0.4% and 0.6%, respectively, in the same period. Finally, the UK’s Goods Trade Balance improved to £-20.594 billion from £-23.898 billion in January.