The UK economy grew by just 0.1% in February, despite a strong resurgence of both inbound and outbound tourism activity.
But growth has slowed since January, when gross domestic product (GDP) jumped by 0.8% as people returned to normal life following a surge in Omicron rates in December 2021.
The figure of 0.1% for February misses most analysts’ forecasts of 0.2% or 0.3% growth.
Data from the Office for National Statistics (ONS) showed that monthly GDP is now 1.5% above its pre-pandemic level of February 2020.
But despite a rise in tourism, the economy was dragged down by a fall in production, which slipped by 0.6% and construction, which fell by 0.1%, the ONS said.
The impact of storms Dudley, Eunice and Franklin, which all hit the UK between 16 and 21 February, may have also weighed on economic growth, the ONS said.
“Most of those reporting a negative impact were in service industries with comments received from businesses operating in areas including accountancy, leisure parks and holiday centres, photography, hairdressing and beauty, leasing of construction equipment, restaurants and takeaways, and marquee hire,” the report stated.
“However, some businesses reported a positive impact on turnover such as those working in fencing, torch sales, and temporary off-grid power.”