May 2016 GDP estimates

Our monthly estimates of GDP suggest that output grew by 0.3 per cent in the three months ending in April 2016 after growth of 0.4 per cent in the three months ending in March 2016.

Jack Meaning, Research Fellow at NIESR, said “UK economic growth continues to be subdued compared with the rates we saw at the end of last year. Some of this slowdown is undoubtedly a result of heightened uncertainty around the impending EU referendum, and so is likely to be temporary should the UK decide to remain in the EU after June 23rd.”