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UK DATA: Monthly GDP (Feb) - 0930BST........>

UK DATA
UK DATA: UK DATA: Monthly GDP (Feb) - 0930BST
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- Bbg Consensus and MNI Median: 0.0% m/m, 0.2% 3m/3m
- Previous (Jan): 0.5% m/m, 0.2% 3m/3m
- Markets look for a slowdown in GDP growth from a 0.5% increase in Jan to 0.0%
in Feb
- The less volatile 3m/3m trend GDP is forecast to remain at Jan's reading of
0.2% (Nov-Jan vs Aug-Oct)
- GDP recovered in Jan after Dec's dip (-0.4%)
- The service sector was the only positive contributor to GDP growth in Jan,
growing at a rate of 0.3% m/m
- PMI data for Feb reveal a declining manufacturing and construction index...
- ...underlining the deteriorating outlook for Feb's monthly GDP
- But, survey data (PMI and CBI) for March indicate an improving manufacturing
sector...
- ...painting a supportive picture for the upcoming quarterly GDP release

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