UK: Focus on trade, IP, and construction output data - TDS

Analysts at TDS point out that today we get the UK hard data for Feb with trade, IP, and construction output, which will gauge the maximum interest.

Key Quotes

“For IP, we look for manufacturing production to post a -0.5% m/m decline (mkt 0.2%), making for the first decline since March of last year. We're in line with consensus though in looking for a 0.9% gain in construction activity, and markets are looking for the visible trade balance to improve marginally from -£12.3bn to -£11.9bn. Right now we're tracking 0.3-0.4% for Q1 GDP, due to be released at the end of the month, which is consistent with last week's PMI data, but we'll be watching to see if the hard data for Feb changes the tracking at all.”