GDP Slows In Feb As Service Sector Stutters.>

UK DATA: GDP Slows In Feb As Service Sector Stutters

--Feb GDP +0.2% m/m VS Bloomberg Est 0.0%, MNI Median 0.0%

--Feb GDP +0.3% 3m/3m VS Bbg Est 0.2%, MNI Median 0.2%

--Feb IP +0.6% m/m vs Bbg +0.1%

--Feb Manuf Output +0.9% vs Bbg 0.2% m/m 

--Feb IoS +0.1% m/m vs Bbg 0.4% m/m

--Feb Total Trade -stg4.86 bn vs Bbg -stg3.79

--Feb Construction output +0.4% m/m, +3.3% y/y (Bbg 0.4%, 2.3%)

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GDP growth over a rolling 3-month period came in at +0.3% in February, 

the same as in January. On a monthly basis, growth slowed a little, 

coming in at +0.2% vs January's +0.5%. The service sector was the 

laggard in Feb, gaining just 0.1% m/m. The financial/insurance sector 

continued to contract, recording a 22nd 3m/3m with no growth (21 -ve and 

flat in Mar 2018).