The preliminary estimate for the first three months of the year was better than the contraction first forecasted months ago, but still represents a slowdown from the 9.6 per cent annualized growth seen over the last three months of 2020.
Service industries that have been hard-hit through the course of the COVID-19 pandemic showed a small gain in February, while goods-producing industries had a small contraction for the first time since last April.
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