UK construction sector returns to growth
Friday 13 April 2012
The construction sector returned to growth in February but failed to offset fears over the pace of the economic recovery in the first three months of the year.
Construction sector output grew at 6.1% month-on-month in February, compared to a 12.9% month-on-month decline in January, the Office for National Statistics (ONS) said. The figures are not seasonally adjusted.
However, economists said it is now likely output in the sector will decline overall in the first quarter of the year, acting as a drag on gross domestic product (GDP) growth and putting pressure on the services sector to help the overall economy avoid recession.
Alan Clarke, UK and eurozone economist at Scotiabank, said the figures were not the “Friday the 13th horror show” feared but were still “not quite as robust as we hoped for”.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: What you shouldn't tweet about if you want to avoid jail today
- 3 Scottish independence: Five reasons Salmond is secretly hoping for a 'No' vote
- 4 Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
- 5 Archbishop of Canterbury admits doubts about existence of God
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Portuguese academic says British are 'filthy, violent and drunk'
Unpaid Voluntary Position : Reach Volunteering: Promising volunteer Trustee op...
£30000 - £35000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...
£110 - £130 per hour: Randstad Education Reading: Psychology Teacher needed fo...
£85 - £120 per day: Randstad Education Cheshire: Randstad Education are curren...