UK shows 'first signs' of recovery as economy grows 0.4% in February

1.6% uptick in construction sector

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New work and repair & maintenance resulted in a 1.6% uptick in the construction sector in February
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New work and repair & maintenance resulted in a 1.6% uptick in the construction sector in February

The UK economy returned to growth in February, expanding by an estimated 0.4% even as nationwide lockdowns remained in place, although GDP output remained 7.8% below a year earlier, according to the latest figures.

The Office for National Statistics (ONS) reported that the service sector grew by 0.2% in February 2021, as wholesale and retail trade sales "picked up a little" but said that, overall, consumer-facing...

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