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Our monthly estimates of GDP suggest that output grew by 0.4 per cent in the three months ending in September 2016 after growth of 0.5 per cent in the three months ending in August 2016. Our estimates suggest that economic growth slowed in 2016Q3 to 0.4 per cent, from 0.7 per cent in 2016Q2 .
James Warren, Research Fellow at NIESR, said "Our estimates suggest that economic growth slowed in 2016Q3 to 0.4 per cent, from 0.7 per cent in 2016Q2. While retail sales have been buoyant in recent months, the production sector has acted as a drag on economic growth. We estimate that output from the production sector declined by 0.2 per cent in the third quarter of this year."
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