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Posted On: 04/12/2013 6:45:26 AM
Post# of 28539
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Posted By: itest
UK February construction picks up but likely to contract Q1

Construction workers build a new residential property development in north London LONDON (Reuters) - British construction output showed a tentative recovery in February but will need to record stellar growth in March to avoid registering a further quarter of contraction. Despite accounting for less than 7 percent of Britain's economy, weak construction output was the main drag on growth during the first half of last year, helping to push the country back into recession. It remains touch-and-go whether Britain's economy as a whole will record any growth in the first quarter. ...



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