UK economy experienced a slowdown in February, with no monthly growth (0.0% mom) in GDP, falling short of the 0.1% mom growth expected by analysts. The disappointing result follows a 0.4% mom growth in January. The data reveals that services contracted by -0.1% mom after a 0.7% mom growth in January, while production fell by -0.2% mom following a -0.5% mom contraction in January. In contrast, construction sector saw growth of 2.4% mom, rebounding from a -1.7% mom contraction in January.
In the three months to February, GDP grew by a mere 0.1% when compared to the three months to November. During this period, services grew by 0.1%, production declined by -0.2%, and construction experienced growth of 0.9%. The lackluster performance raises concerns about the overall health of the UK economy.
Also published, industrial production came in at -0.2% mom, -3.1% yoy, versus expectation o f0.3% mom, -3.7% yoy. Manufacturing production was at 0.0%mom, -2.4% yoy, versus expectation of 0.3% mom, -4.7% yoy. Goods trade deficit narrowed slightly to GBP -17.5B, versus expectation of GBP -17.0B.
 in GDP, falling short of the 0.1% mom growth expected by analysts. The disappointing result follows a 0.4% mom growth in January. The data reveals that services contracted by -0.1% mom after a 0.7% mom growth in January, while production fell by -0.2% mom following a -0.5% mom contraction in January. In contrast, construction sector saw growth of 2.4% mom, rebounding from a -1.7% mom contraction in January.){kind=link}