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09.03.2018, 12:20

NIESR estimate that UK economic growth nudged lower to 0.3%

Monthly estimates of GDP suggest that output growth slowed to 0.3 per cent in the 3 months to February from 0.4 per cent in the 3 months to January and the official estimate of 0.4 per cent for the final quarter of 2017.

Amit Kara, Head of UK Macroeconomic Forecasting at NIESR, said "We estimate that economic growth nudged lower to 0.3 per cent in the 3 months to February. Activity has eased slightly and is likely to slow further in March when the full impact of the recent extreme weather conditions will be realised. Economic growth continues to be driven by both the manufacturing and the service sectors, supported by a buoyant global economy, while construction output lags".

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