Bitcoin 
Ethereum 
Tether 
XRP 
BNB 
USDC 
Solana 
TRON 
Lido Staked Ether 
Figure Heloc 
Prior 0.0%; revised to +0.1%GDP +1.0% vs +0.6% y/y expectedPrior +0.8%; revised to +0.7%Services +0.5% vs +0.2% m/m expectedPrior 0.0%; revised to +0.1%Industrial output +0.5% vs +0.2% m/m expectedPrior -0.1%Manufacturing output -0.1% vs +0.3% m/m expectedPrior +0.1%; revised to +0.2%Construction output +1.0% vs 0.0% m/m expectedPrior +0.2%; revised to +0.5%The main boost to the UK economy in February came amid a beat on estimates from the services sector output. That contributed to 0.42% (unrounded) in terms of monthly GDP growth. In the three months to February, UK GDP is also estimated to have grown by 0.5% after the 0.3% reading in the three months to January.The more positive showing by the services sector now sees it record a fourth straight month of increase in output. And the good news is that the growth is more widespread with 12 of the 14 subsectors showing positive increases in activity.The details show that the largest positive contribution to services sector output came from administrative and support service activities (up 2.0%). An increase of 2.5% in employment activities was the largest positive contributor to the subsector after haven fallen by 6.6% in January.All in all, it’s a positive showing by the UK economy right before the US-Iran conflict started. But with the war set to leave its mark, this is very much lagging data and not one that will have any material impact to the outlook currently.
This article was written by Justin Low at investinglive.com.
💡 DMK Insight
Revisions in GDP and industrial output data are shifting market sentiment right now. The upward revision of GDP to +1.0% from +0.6% indicates stronger economic activity than previously thought, which could bolster confidence in risk assets. Services and construction output also beat expectations, suggesting a broadening recovery. However, the manufacturing output dip to -0.1% raises concerns about sector-specific weaknesses. Traders should watch how these mixed signals play out in the coming sessions, especially with the potential for volatility in equities and commodities. Key levels to monitor include support around recent lows in major indices and resistance in commodity prices that may react to these economic indicators. On the flip side, if the manufacturing sector continues to struggle, it could dampen overall economic optimism. This might lead to a flight to safety, impacting forex pairs like USD/JPY. Keep an eye on the upcoming economic calendar for further data releases that could influence market direction.
📮 Takeaway
Watch for reactions in equities and commodities as GDP revisions suggest stronger growth, but keep an eye on manufacturing’s weakness for potential volatility.
