GDP in February shaped up as expected, rising 0.2% M/M…

… on the back of a 0.4% rise in goods-producing industries, which carried limited growth in services GDP.

At the sector level, the print was carried by the rebound in manufacturing…

… which should continue into March if preliminary estimates for manufacturing sales are any indication (up 3.5% M/M).

That should offset weakness in other categories like public administration…

… to hold GDP steady, with early estimates calling for stagnant growth in March.