Britain's economy failed to grow as expected in February but a bounce in January was stronger than first thought
Economic output was flat in month-on-month terms in February, the Office for National Statistics said on Thursday.The vast services sector contracted by 0.1% in February, hurt by strikes by teachers and other public sector workers, but was offset by a surge in the much smaller construction sector which rebounded from bad weather in January, the ONS said.
The revision means the economy would need to have shrunk by 0.6% in March for the first quarter as a whole to show a contraction, as the Bank of England has said it expects. ONS officials attributed the jump in construction output to a recovery in February from disruption caused by bad weather in January, especially in new work, and a surge in maintenance and repair work.
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