The Office for National Statistics estimates that the UK economy stagnated in February


Britain’s Office for National Statistics (ONS) announced on Thursday that it estimates the country’s economy stagnated in February due to the impact of nationwide strikes.

It would have stagnated after growth of 0.4% in January.

The services and production sector fell 0.1% and 0.2%, respectively, in February.

The biggest contributor to negative growth for services in February was education, which fell 1.7% in one month due to teachers’ strikes.

Teachers affiliated with the National Education Union went on strike amid a pay dispute in February.

See also: The Office for National Statistics estimates that the UK economy grew by 0.1% in the fourth quarter of 2022

The decline in services and production was offset by a 2.4% growth in the construction sector.

Construction production is estimated to have increased by 2.4% after contracting by 1.7% in January.

Construction production reached the highest monthly value of £15.55 million (about $19.46 million USD) since January 2010.

Growth in both repairs and maintenance and new construction contributed to the monthly construction production in February.

*Translated by Daniel Gallego.

The Anadolu Agency website contains only a part of the news stories presented to subscribers on the AA News Broadcasting System (HAS), and in summary form.

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