NIESR’s gross domestic product rises by 0.5% in three months to May
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 0.5% in three months to May, after a 0.4% growth in three months to April. The previous figure was revised up from a 0.3% growth.
"A rebound of production sector output in April has supported a reasonable GDP growth in the three months to May 2016," James Warren, NIESR Research Fellow, said.