NIESR Monthly GDP Tracker – UK economy slows as stockpiling boost fades

11 Jun 2019 12:30 PM

UK economy slows as stockpiling boost fades

Download file

Main points

Garry Young, Head of Macroeconomic Modelling and Forecasting, said “The UK economy is on course to contract by 0.2 per cent in the second quarter.  The latest GDP data were weaker than expected, partly reflecting shifts in production around the original Brexit departure date, including a 24 per cent fall in car manufacturing. The underlying picture is also quite weak, with Brexit-related uncertainty at home and trade tensions abroad dragging on investment spending and economic growth”.

Please find the full commentary in attachment.

Download file

Notes for editors:

For further information please contact the NIESR Press Office or Paola Buonadonna on 020 7654 1923/

National Institute of Economic and Social Research

2 Dean Trench Street

Smith Square

London, SW1P 3HE

United Kingdom

Switchboard Telephone Number: 020 7222 7665