UK takes another step on path to exit recession as GDP rises

UK takes another step on path to exit recession as GDP rises

February growth of 0.1% comes despite retailers being hit by one of wettest starts to a year on record

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Britain’s economy has taken a step closer to exiting recession after official figures showed growth continued in February despite a washout month for construction and retail after one of the wettest starts to a year on record.

The Office for National Statistics (ONS) said gross domestic product (GDP) rose by 0.1% in February, matching City economists’ forecasts and extending a recovery after growth in January was revised up from 0.2% to 0.3%.

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