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The U.K. economy posted its best growth in 18 months in March, new data indicated on Friday, bringing some relief to Chancellor Rachel Reeves at the end of a torrid week.
Preliminary data from the Office for National Statistics showed gross domestic product grew 0.5 percent from January, helped by strong contributions from industry and construction.
The ONS’s monthly GDP series is notoriously volatile, and the quality of its economic data in general has come under increasing scrutiny in recent months, but analysts said the figures still provided some basis for optimism. A less volatile measure that tracks GDP over three months showed that it rose 0.6 percent from the three months through November. The ONS also revised up its figures for January to show GDP unchanged, rather than the 0.1 percent drop initially reported.
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