GDP growth of 0.5% in 3 months ending in August 2015
National Institute of Economic and Social Research Estimates of monthly GDP
Our monthly estimates of GDP suggest that output grew by 0.5% in the three months ending in August after growth of 0.6 per cent in the three months ending in July 2015. Despite the slight softening, growth remains close to the estimated long run potential of the economy, but below the average rate of growth (0.7% per quarter) observed since the start of 2013.*
* NIESR’s latest quarterly forecast (published 5th August 2015) projects GDP growth of 2.5% per annum in 2015 and 2.4% in 2016.