March saw a weakish set of activity surveys, with the PMIs for Q1 as a whole pointing to a sharp slowdown in GDP growth. And the official data on industrial production and exports also struck a weak tone. But the economic news has not been all bad. The dominant services sector looks likely to have delivered a decent performance. And car registrations hit a 17-year in March. Overall, GDP growth in Q1 may not have been far off Q4s 0.6% pace.