UK economy grew by 0.6% in final quarter of 2017: NIESR
11/01/2018 12:44
The National Institute for Economic and Social Research (NIESR) said monthly estimates of GDP indicated that UK output grew 0.6 per cent in the fourth quarter compared to 0.4 per cent expansion posted in the third quarter.

Based on this estimate, the economy grew 1.8 percent in 2017, the think tank said.

The recovery has been driven by both the manufacturing and the service sectors, supported by the weaker pound and a buoyant global economy, while construction output continues to lag, Amit Kara, Head of UK Macroeconomic Forecasting at NIESR, said.