Do the statistics point to real recovery?

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Any growth is good, but it has not been uniform in all sectors and the risk of further disruption remains, writes economist Rebecca Larkin

Since construction output posted its record 41.2% fall in April, there has been an encouraging rate of recovery in each subsequent month as more sites have reopened and productivity edges up in the confines of the new, socially-distanced normal. Yet despite the strong growth recorded over summer, like GDP, services and manufacturing, construction activity remains lower than it was pre-coronavirus in February. 

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