Downloads
gdp0716-4.pdfRelated Themes
Macro-Economic Modelling and ForecastingOur monthly estimates of GDP suggest that output grew by 0.6 per cent in the three months ending in June 2016 after growth of 0.6 per cent in the three months ending in May 2016.
Jack Meaning, Research Fellow at NIESR said “At first glance this represents a robust rate of quarterly growth for the UK economy. However, the quarterly figure masks an important within-quarter pattern. Our monthly estimates suggest that April saw a large expansion in GDP, which then stagnated in May. The estimate for June is one of an intensifying contraction across the board, but this is not enough to offset the very strong April numbers. What it does suggest is that when April drops out of the 3 month calculation we should see a quick deterioration of growth, especially if the estimated contraction in June persists or accelerates into July and beyond.”
*See here for press release published 8th June.
Related Blog Posts




What is the Economic Impact of the Russia-Ukraine Conflict?
Patricia Sánchez Juanino
Stephen Millard
6 min read
Related Projects
Related News

NIESR’s Monthly COVID Tracker: Awaiting Omicron – R continues to hover around 1
02 Dec 2021
2 min read

Press Release: NIESR Monthly CPI Tracker – Customers feel the bite of VAT hike
17 Nov 2021
2 min read

Press Release: NIESR Monthly Wage Tracker – Inflation and Tax Rises Will Erode Record Earnings Growth
16 Nov 2021
2 min read

Press Release: NIESR Monthly GDP Tracker – Activity nears pre-Covid levels but faces headwinds
11 Nov 2021
2 min read
Related Publications
UK inflation in April surged to 9 per cent, marking the highest monthly increase since the 1980s
18 May 2022
CPI Trackers
Cost-of-living squeeze ramps up as fall in real wages continue
17 May 2022
Wage Trackers
The Economic Consequences of the Ukraine War for UK Household Incomes
11 May 2022
UK Economic Outlook Box Analysis