• Mfg PMI 47.9 vs revised 50.5 in Jan
• New Orders 46.6 vs 49.7
• M4 expectation was 0.3% and last print was 0.7%; biggest rise since august ’12
• Manufacturing PMI expectation was 51.0 against last 50.8
• gilt futures gain 10 tics
• cable down on uk data
• M4 excluding intermediate other financial companies + 0.9% m/m