The UK economy barely expanded in February due to weaker activity in the health sector, supply chain disruptions and storms, raising concerns over its resilience as the cost of living surges.
Gross domestic output grew 0.1 per cent between January and February, down from 0.8 per cent in the previous month, according to data published on Monday by the Office for National Statistics. That was weaker than the 0.3 per cent forecast by economists polled by Reuters.
Darren Morgan, ONS director of economic statistics, said: “The economy was little changed in February with the easing of restrictions for overseas travel — and increased confidence in booking holidays in the UK — triggering strong growth in travel agencies, tour operators and hotels.”
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