A new estimate from the National Institute of Economic and Social Research (NIESR) projects that the output of the UK economy in the three months ending in June was 0.7% higher than in the previous three months.
NIESR’s track record of producing early estimates of GDP suggests that its projection for the more recent three-month period has a standard error of 0.14% points when compared to the first estimate produced by the Office of National Statistics.
| Summary Table Of Quarterly Growth Rates |
| |
Monthly Data |
Three Months Ending In Months Shown |
Quarterly Growth % Per Quarter |
| Industry |
GDP |
Industry |
GDP |
Industry |
GDP |
| Jan-06 |
98.5 |
106.6 |
98.3 |
106.5 |
0.4% |
0.9% |
| Feb-06 |
98.8 |
106.8 |
98.6 |
106.6 |
0.7% |
0.7% |
| Mar-06 |
99.0 |
107.3 |
98.8 |
106.9 |
0.9% |
0.8% |
| Apr-06 |
98.5 |
107.4 |
98.8 |
107.2 |
0.5% |
0.7% |
| May-06 |
98.9 |
108.0 |
98.8 |
107.5 |
0.2% |
0.9% |
| Jun-06 |
98.8 |
108.0 |
98.7 |
107.8 |
0.0% |
0.8% |
| Jul-06 |
98.8 |
108.2 |
98.8 |
108.1 |
0.1% |
0.8% |
| Aug-06 |
98.9 |
108.5 |
98.8 |
108.3 |
0.0% |
0.7% |
| Sep-06 |
99.2 |
108.8 |
99.0 |
108.5 |
0.2% |
0.6% |
| Oct-06 |
98.5 |
108.9 |
98.9 |
108.7 |
0.0% |
0.6% |
| Nov-06 |
99.0 |
109.6 |
98.9 |
109.1 |
0.1% |
0.8% |
| Dec-06 |
98.8 |
109.7 |
98.8 |
109.4 |
-0.2% |
0.8% |
| Jan-07 |
98.9 |
109.8 |
98.9 |
109.7 |
0.0% |
0.9% |
| Feb-07 |
98.5 |
110.1 |
98.7 |
109.9 |
-0.2% |
0.7% |
| Mar-07 |
98.6 |
110.4 |
98.7 |
110.1 |
-0.1% |
0.6% |
| Apr-07 |
98.9 |
110.6 |
98.7 |
110.4 |
-0.2% |
0.6% |
| May-07 |
99.5 |
111.0 |
99.0 |
110.7 |
0.3% |
0.8% |
| Jun-07 |
99.3 |
111.0 |
99.2 |
110.9 |
0.6% |
0.7% |
| Source: National Institute of Economic and Social Research |
A recent report from ZenithOptimedia said predicted that global adspend will grow from 5.5% in 2007 to 6.4% in 2008, comfortably above the 5.1% annual growth rate the ad market has averaged for the past 10 years (see Global Adspend To Grow 6.4% In 2008).
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