-UK May-July GDP +0.3% 3m/3m Versus +0.6% In Q2: NIESR
LONDON (MNI) - UK growth slowed in the three months through July and
contracted in the month of July, data released Tuesday by the National Institute
of Economic and Social Research showed.
The June 23 referendum, that saw the UK vote against continuing membership
of the European Union, does appear to have hit growth. In May through July GDP
rose 0.3% on the previous three months, falling from a gain 0.6% in the second
quarter, while in July alone NIESR estimated that GDP declined 0.2%.
"The month on month profile, suggests that the third quarter has got off to
a weak start, with output declining in July.