Reuters logo
UK economy likely expanded 0.3 percent in second quarter - NIESR
July 7, 2017 / 12:32 PM / 4 months ago

UK economy likely expanded 0.3 percent in second quarter - NIESR

LONDON (Reuters) - British economic growth barely improved during the second quarter after a slow start to the year, the National Institute of Economic and Social Research said on Friday, after a disappointing batch of official data.

Shoppers walk past a sale sign in central London, Britain June 27, 2017. REUTERS/Toby Melville

The economy likely grew 0.3 percent in the three months to June over the first quarter, when the economy expanded only 0.2 percent, NIESR said.

“Growth in services has offset a contraction in industrial output, yet remains subdued when compared with last year,” Rebecca Piggott, research fellow at NIESR, said.

Official data on Friday showed output by British factories unexpectedly fell in May, raising questions about the likelihood of the Bank of England raising interest rates this year.

Reporting by Andy Bruce. Editing by Andrew MacAskill

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below