• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

UK Economic Growth Slows on Lower Production, Construction

April 11, 2022 by Forex Winner Leave a Comment

Economic Growth

Source: Office for National Statistics

The United Kingdom’s economic growth slowed in February, led mainly by the services sector, which was partially offset by other sectors. EWU is down 0.35%, while EZU is up 0.40% premarket.

  • The gross domestic product (GDP) grew by 0.1% in February, slower than the 0.8% growth recorded in January.
  • Growth was led mainly by services which grew by 0.2%, driven by tourism-related industries. Increases were in travel agencies and in accommodation.
  • Consumer-facing services output climbed by 0.7% during the month, while non-consumer facing services was unchanged at 0.5%.
  • The services growth was partially offset by the decline in production, which dropped by 0.6%, and construction which contracted by 0.1%.
  • The latest monthly economic growth is 1.5% above the level recorded prior to the COVID-19 pandemic in February 2020.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News Tagged With: UK

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

fifty three − forty nine =

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

hycm

HYCM Review

September 9, 2019 By Forex Winner

ufx

UFX Review

November 18, 2019 By Forex Winner

icm capital

ICM Capital Review

September 13, 2019 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure