UK financial system flatlines with no progress in February as strikes hit productiveness
The UK financial system flatlined in February, with no progress in GDP, in line with official figures.Civil service strikes and low power consumption offset progress in areas similar to building - which grew 2.4%, the Office for National Statistics (ONS) knowledge confirmed.
The flatlining was sudden. Economists polled by the Reuters information company had forecast slight progress of 0.1% for the month.ONS figures confirmed companies manufacturing fell by 0.1% within the month, following progress of 0.7% in January 2023.The largest contributor to destructive progress within the companies trade was training, which fell 1.7% in a month the place instructor strikes befell.
Another strikes hit sector, public administration, was the second largest contributor to destructive progr...