🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

NIESR estimates growth picked up slightly in three months to April

Published 12/05/2015, 16:01
© Reuters. Crew members attach flags as the largest container ship in world, CSCL Globe, docks during its maiden voyage, at the port of Felixstowe in south east England

LONDON,(Reuters) - Britain's economy probably picked up a bit of speed and grew by 0.4 percent in the three months to April, the National Institute of Economic and Social Research said on Tuesday.

"We expect the slight softening of GDP growth experienced in the first quarter of this year to be temporary and forecast the UK economy will expand by 2.5 percent for the year as a whole," it said in a statement.

The annual growth forecast was in line with a forecast made by NIESR earlier this month.

British gross domestic product grew by an unexpectedly slow 0.3 percent in the January-March period, according to preliminary figures released last month.

© Reuters. Crew members attach flags as the largest container ship in world, CSCL Globe, docks during its maiden voyage, at the port of Felixstowe in south east England

Data published earlier on Tuesday showed industrial output growth in March was its strongest in six months, easing concerns that the first-quarter slowdown could be more protracted.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.