Exports to EU partially rebound after January slump - as wider economy returns to growth

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Goods exports to the EU partially rebounded in February after a record slump at the start of the year, according to official figures

Exports to the EU partly rebounded in February after a record slump to start the year while the wider economy also returned to growth, official figures show.

The Office for National Statistics said goods sales to the bloc rose by £3.7bn, or 46.6%, having fallen by £5.7bn, or 42%,Imports from the EU, which also recorded an unprecedented decline at the start of the year, saw a much weaker recovery.The data came as the ONS reported slightly lower than expected GDP growth of 0.4% in February.following the end of the Brexit transition period, with COVID-19 restrictions and wider global economic trends also having an impact.

 

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