- Analytics
- News and Tools
- Market News
- NIESR’s gross domestic product rises by 0.4% in three months to January
NIESR’s gross domestic product rises by 0.4% in three months to January
The National Institute of Economic and Social Research (NIESR) released its estimate of gross domestic product (GDP) for the U.K. on Wednesday. The GDP estimate rose by 0.4% in three months to January, after a 0.5% growth in three months to December. December's figure was revised down from a 0.6% rise.
A softer growth was driven by a weakness in the production sector.
According to the NIESR, the U.K. economy is expected to expand 2.3% in 2016 and 2.7% in 2017.
"Despite our estimates indicating a subdued start to 2016, we do expect the economy to grow by 2.3 per cent this year, primarily driven by consumer spending. However, negative contributions from net trade are expected to weigh heavily on growth. There exist a number of downside risks that have the potential to exacerbate this, should they materialise," James Warren, NIESR Research Fellow, said.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
