英国2月GDP环比增长0.5%，实现广泛增长。英国经济在2月份出现了强劲的上行惊喜，GDP环比增长0.5%，远超市场仅0.1%的预期。所有三个主要行业都对增长做出了贡献：服务业环比增长0.3%，生产激增1.5%，建筑业环比小幅增长0.4%。

UK GDP rises 0.5% mom in Feb, broad-based growth.The UK economy delivered a strong upside surprise in February, with GDP expanding by 0.5% mom, far exceeding market expectations of just 0.1% mom. All three major sectors contributed to the growth: services rose by 0.3% mom, production surged by 1.5% mom, and construction edged up 0.4% mom.

2025年2月，英国制造业产量环比增长2.2%，从前一个月向下修正的1%的下降中恢复过来，远高于市场预期的0.2%的增长。这标志着自2023年6月以来最强劲的扩张，13个子行业中有10个实现了增长。最大的积极贡献主要来自计算机、电子和光学产品的制造（1月份为9.8%对-0.7%）、基础药品（4.4%对-3.4%）和运输设备（1.8%对0.6%）。相比之下，焦炭和精炼石油产品（-3.3%对-0.6%）、食品、饮料和烟草（-0.5%对0.5%）以及电气设备（-0.3%对-0.8%）的产量有所下降。2月份制造业产出同比增长0.3%，而前一时期下降0.9%。

Manufacturing production in the UK rose by 2.2% month-over-month in February 2025, recovering from a downwardly revised 1% drop in the previous month and well above market estimates of a 0.2% increase. This marked the strongest expansion since June 2023, with growth seen in 10 out of 13 subsectors. The largest positive contribution largely came from the manufacture of computer, electronic and optical products (9.8% vs -0.7% in January), basic pharmaceutical products (4.4% vs -3.4%) and transport equipment (1.8% vs 0.6%). In contrast, production decreased for the manufacture of coke and refined petroleum products (-3.3% vs -0.6%), food products, beverages and tobacco (-0.5% vs 0.5%), and electrical equipment (-0.3% vs -0.8%). On a yearly basis, manufacturing output advanced by 0.3% in February, following a 0.9% decline in the preceding period.

英国经济在2025年2月环比增长0.5%，此前1月数据向下修正为持平，超过了0.1%的增长预期。这标志着11个月来最强劲的月度表现。工业生产激增1.5%，从1月份0.5%的下降中反弹，主要受制造业产出增长2.2%的推动。值得注意的是，计算机、电子和光学产品的产量飙升了9.8%，而药物制剂的产量增长了4.4%。此外，公用事业供应增长了2%，尽管采矿业收缩了3%。在上个月0.1%的增长基础上，服务业增长了0.3%，其中计算机编程、咨询和相关活动（2.0%）、电信（3.5%）和出版（6.4%）做出了显著贡献。与此同时，建筑业增长0.4%，从0.3%的下降中恢复过来，主要是公共新工程和维修保养。考虑到截至1月的三个月，国内生产总值增长了0.6%。

The British economy expanded by 0.5% month-over-month in February 2025, following a downwardly revised flat reading in January and surpassing expectations of a 0.1% increase. This marked the strongest monthly performance in eleven months. Industrial production surged by 1.5%, rebounding from a 0.5% decline in January, driven primarily by a 2.2% rise in manufacturing output. Notably, production of computer, electronic, and optical products soared by 9.8%, while pharmaceutical preparations rose by 4.4%. Additionally, utilities supply increased by 2%, although mining contracted by 3%. Services grew by 0.3%, building on a 0.1% gain in the previous month, with notable contributions from computer programming, consultancy, and related activities (2.0%), telecommunications (3.5%), and publishing (6.4%). Meanwhile, construction rose by 0.4%, recovering from a 0.3% decline, led by public new work and repair and maintenance. Considering the three months to January, the GDP grew by 0.6%.

2025年2月，英国工业生产环比增长1.5%，打破了市场对持平的预期，并从上个月向下修正的0.5%的下降中反弹。这标志着自2023年6月以来工业活动的最强劲增长，因为制造业（2.2%对1月份的-1%）和电力、天然气、蒸汽和空调供应（2%对-1.1%）的产出有所恢复。另一方面，采矿和采石业的产出收缩（-3%对0.8%），而供水、污水和废物管理的产出则有所缓解（1.1%对2.6%）。按年度计算，2025年2月工业生产增长了0.1%，这与市场预测的2.3%的下降相悖，并从上个月向下修正的0.5%的下降中反弹。

Industrial production in the UK rose by 1.5% month-over-month in February 2025, defying market expectations of a flat reading and rebounding from a downwardly revised 0.5% fall in the previous month. This marked the strongest growth in industrial activity since June 2023, as output recovered for manufacturing (2.2% vs -1% in January) and electricity, gas, steam and air-conditioning supply (2% vs -1.1%). On the other hand, output contracted for mining and quarrying (-3% vs 0.8%) while it eased for water supply, sewerage and waste management (1.1% vs 2.6%). On a yearly basis, industrial production increased 0.1% in February 2025, defying market forecasts of 2.3% drop and rebounding from a downwardly revised 0.5% fall in the previous month.