Report: UK experienced slight growth last month

13 June 2012

Britain's economy may have entered into a fragile period of recovery in the three-month period ending in May, new figures have suggested.

The latest monthly gross domestic product (GDP) estimate produced by the National Institute of Economic and Social Research (NIESR) indicates that the country's output grew by 0.1 per cent during this timeframe.

This represents a reversal on the decline of 0.1 per cent posted in the previous three months, but the body indicated that expansion in Britain will remain broadly flat over the course of the next six months.

"The UK economy has ceased to contract, but economic activity remains very weak. With the economy stagnant, the negative output gap is likely to widen further," it noted.

Last month, the Office for National Statistics revealed that GDP in the UK contracted by 0.3 per cent in the first quarter of 2012 and is now officially back in recession.

By Gary Cooper

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