NIESR Estimate Growth Rate Of 0.3%

The latest NIESR monthly estimates of GDP released on 12 May suggest the underlying quarterly growth rate of GDP was 0.3% in April 2011. The growth estimate for March was 0.5%It does not take into account the Royal Wedding and the activites associated with it. The index for output for industry was estimated to have increased from 89.9 to 90.3. The indices for output by sector also suggest that agriculture remained unchanged at 91.0, private services decreased from 102.8 to 102.5 but public services increased from 103.6 to 104.1.