UK’s ONS: The data supports estimates showing a 'very sluggish' economy in Q1

Following the releases of the UK’s manufacturing production and trade balance, the UK's Office for National Statistics (ONS) is out the key headlines found below.

Net trade to have slightly positive impact on Q1 GDP.

Industrial, construction data likely to have negligible impact on Q1 estimate.

The data supports estimates showing a 'very sluggish' economy in Q1 and little overall impact from bad weather.