UK economy saw no growth in February

Breaking News image

The UK economy saw no growth in February after expanding in January, official figures show.

Falls in public sector services linked to strikes were offset by growth in the construction industry, the Office for National Statistics (ONS) said.

It follows a surprise 0.4% jump in economic growth in January.

Commenting on February’s figures, ONS director of economic statistics Darren Morgan said the economy saw “no growth” overall.

“Construction grew strongly after a poor January, with increased repair work taking place. There was also a boost from retailing, with many shops having a buoyant month,” he said.

“These were offset by the effects of Civil Service and teachers’ strike action, which impacted the public sector, and unseasonably mild weather led to falls in the use of electricity and gas.”

The figures come as high energy prices, rising interest rates and weak trade flows continue to drag on the economy.

Related Topics

Products You May Like

Articles You May Like

Ukraine war: The mothers going to get their children back from Russia
Mead left out of World Cup squad as Bright named captain
Debt ceiling deal: US House overwhelmingly passes bill
Government to launch Covid inquiry legal challenge
Congress approves debt deal, averting a US default

Leave a Reply

Your email address will not be published.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