Retail and Wholesaling Power GDP Rebound in.>

UK DATA: Retail and Wholesaling Power GDP Rebound in January

- UK Services +0.3% m/m; +0.5% 3m/3m

- UK Retailing and Wholesaling Services add 0.15 pct points to GDP

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The dominant services sector continued to perform the heavy lifting 

for the UK economy, despite continued weakness in the financial 

industries. Services added 0.24 percentage points to monthly GDP growth 

of 0.2% and added 0.38 percentage points to 3m/3m growth of 0.2%. 

Retailing and wholesaling accounted for the bulk of the gain on both 

measures, after retail sales leapt by 1.5% in the month of January.  

Financial and insurance activities have not recorded an increase for 11 

straight months, declining by 0.2% in January. On a rolling three-month 

basis, financial services contracted by 0.3%, the ninth straight 

straight decline, shaving 0.02 percentage points from total growth.