British economy stalls as strikes offset construction, retail growth – By Paul Godfrey (UPI) / Apr 13 2023
April 13 (UPI) — Britain’s economic growth slowed to a halt in February as strong gains in construction and retail were offset by strikes by teachers and government workers, the country’s main statistical agency said Friday.
Monthly real gross domestic product is estimated to have posted zero growth in February, down from a 0.4% expansion in January, the latest Office for National Statistics release shows.
The construction sector grew by 2.4% and retail by 0.4% but their contributions were canceled out by waves of industrial action in education and public administration with one in nine businesses directly or indirectly affected and nearly a third reporting that they were not fully operational as a result.
Nearly all sectors of the economy performed poorly with a contraction in services overall being limited to 0.1% only by strong growth in customer-facing services, which rose 0.4%.
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