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Figure Heloc 
Prior +0.1%GDP +0.8% vs +0.9% y/y expectedPrior +0.7%The more detailed breakdown as per the following:Services +0.0% vs +0.2% m/m expectedPrior +0.3% (revised to +0.2%)Industrial output -0.1% vs +0.2% m/m expectedPrior -0.9%Manufacturing output +0.1% vs +0.2% m/m expectedPrior -0.5%Construction output +0.2% vs 0.0% m/m expectedPrior -0.5%This is lower than expected and it doesn’t bode well for the UK economy if we start to see more weakness going forward. We’ve seen some downside in the pound as weakening growth coupled with higher inflation expectations and rate hike bets is an awful recipe.The Director of Economic Statistics, Liz McKeown, said: “Growth ticked up slightly in the latest three months, partly reflecting the recovery of car manufacturing, following the cyber incident in the Autumn. Within services, which also increased, wholesale continued to rebound from a weak summer. However, the overall picture remains subdued, with no growth in the latest month. There was another large fall in the construction industry in the latest three months, with continued contraction in housebuilding.”
This article was written by Giuseppe Dellamotta at investinglive.com.
💡 DMK Insight
Economic data just missed the mark, and here’s why that matters: weaker industrial output could signal a slowdown. The latest figures show GDP growth at +0.1%, falling short of the +0.8% expected, with industrial output dipping -0.1% against a forecast of +0.2%. This is a red flag for traders, especially those in sectors sensitive to economic cycles. A slowdown in manufacturing and services could lead to reduced demand for commodities and currencies tied to economic growth, like AUD and CAD. Watch how this data impacts market sentiment in the coming days, particularly in forex pairs where these currencies are involved. But don’t overlook the construction output, which surprisingly rose +0.2%—this could indicate some resilience in the housing sector. Still, the overall trend is concerning. Traders should keep an eye on the upcoming economic indicators and any shifts in central bank policies that might respond to this data. Key levels to monitor are the support and resistance zones in related currency pairs, as volatility may increase as the market digests this news.
📮 Takeaway
Watch for reactions in AUD/USD and CAD/USD as traders digest this weaker economic data, especially if support levels break.
