- Home
- Publications
- April 2016 GDP Estimates
April 2016 GDP Estimates
Downloads
2016_04_GDP_PRRelated Themes
Macro-Economic Modelling and ForecastingOur monthly estimates of GDP suggest that output grew by 0.3 per cent in the three months ending in March 2016 after growth of 0.2 per cent in the three months ending in February 2016. This estimate represents the weakest rate of growth for the UK economy since the final quarter of 2012.
James Warren, Research Fellow at NIESR, said “The subdued growth in the first quarter of 2016 has been primarily driven by weakness in production industries, especially manufacturing. The volume of industrial production is currently 10.7 per cent below its pre-recession peak of the first quarter of 2008, while GDP has now surpassed its pre-recession peak by 7 per cent.”
Related Blog Posts
What is the Current State of the UK Economy?
Paula Bejarano Carbo
Stephen Millard
26 Feb 2024
7 min read
CPI Inflation Rose in December 2023, But is Likely to Fall Below 3 per cent by May
Huw Dixon
17 Jan 2024
7 min read
Related Projects
Related News
Why it’s not worth worrying that the UK has technically entered a recession
26 Feb 2024
4 min read
1.2 million UK Households Insolvent This Year as a Direct Result of Higher Mortgage Repayments
22 Jun 2023
2 min read
The Key Steps to Ensuring Normal Service is Quickly Resumed in the Economy
13 Feb 2023
4 min read
Related Publications
UK Economy on the Road to Recovery in 2024 Following the Mild Recession
13 Mar 2024
GDP Trackers