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UK: NIESR Monthly GDP Tracker
Monthly GDP flatlined in June, following a 0.4 per cent growth in May. This brings GDP growth for 2024 Q2 to 0.6 per cent – sustaining the momentum from the strong performance in Q1. • This stronger-than-expected growth, seen over the first half of 2024, came in on the back of robust PMIs observed over the past few months and improving economic conditions. Coupled with increased business optimism ahead, we now forecast GDP to grow by 0.4 per cent in the third quarter of 2024. • Recent ONS revisions revealed that the United Kingdom’s post-pandemic growth was stronger-than-expected, GDP growth for 2022 was ... (full story)
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- Posted: Aug 15, 2024 7:05am
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