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UK economy is picking up pace, NIESR predicts

Reuters  |  LONDON 

(Reuters) - Britain's probably gathered pace in the second quarter of 2018 and will quicken again over the coming months, the and (NIESR), a think tank, said on Tuesday.

was likely to have expanded at a quarterly rate of 0.4 percent in the April-June period, compared with growth of 0.2 percent in the first quarter of the year, NIESR said.

It said it expected to see growth of 0.5 percent in the third quarter, above the consensus in a poll of economists that pointed to growth of 0.3 percent.

"The is showing clear signs of recovering from the unexpected slowdown in the first quarter," Amit Kara, at NIESR, said.

"Taking the business surveys together, we believe that this recovery will be most noticeable in and construction where output should start to increase once more."

(Reporting by Andy Bruce; Editing by William Schomberg)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 18:59 IST