http://www.bbc.co.uk/news/business-22120451
The article discusses the figures from the Office for National Statistics (ONS) which show output in the construction industry rose 5.5% in February from the month before. However, the output was still 7% lower than February last year which is not a good sign. Construction accounts for just 7% of the UK economy, but the sector's troubles have been a drag on growth. Last year, its poor performance was blamed for driving the economy back into recession.
The UK's economy shrank by 0.3% in the last three months of 2012, and if it contracts during the first quarter of this year then it will be back in recession for the third time in five years. Let's just hope that it is not the case.
1 comment:
The industrial side of Britain is sad to see , this means that many times they are not increasing their infrastructure fast enough to make sure that the economy does not get hurt
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