Growth shoots risk being snuffed out by Iran conflict

Economy growth hit two year high in February - industry reaction - Credit Connect

The UK economy grew by 0.5% in February, according to the Office for National Statistics (ONS), the biggest monthly rise in more than two years. The ONS said the services sector, which accounts for more than three-quarters of the economy, grew by 0.5%. Production output also grew by 0.5%, while construction rose by 1%. The ONS also revised its estimate for January up to 0.1%, having previously said there had been no growth in the opening month o…

Growth shoots risk being snuffed out by Iran conflict

Growth Shoots Risk Being Snuffed out by Iran Conflict  - British Chambers of Commerce

Responding to the latest GDP data published this morning by the Office for National Statistics, David Bharier, Head of Research at the British Chambers of Commerce said:   “GDP growth of 0.5% in the three months to February shows the UK economy performed better than expected at the start of the year, with signs that momentum was building.  “But this data predates the Iran conflict, so the full impact of the energy and shipping shocks has yet to …