UK growth may have accelerated in the second quarter of 2013

UK output may have accelerated in the second quarter of 2013 thanks to improved performance in the private sector, according to estimates from the National Institute of Economic and Social Research (NIESR).

The NIESR estimate GDP grew by 0.6 per cent in the three months to June, following 0.6 per cent growth in the three months to May, suggesting that second quarter figures could show an improvement on the 0.3 per cent growth in the first three months of the year. Output is not expected to pass the early 2008 peak until 2015.

The data follows a 0.3 percentage point upgrade for the UK from the IMF.