UK NIESR estimates GDP growth drop to 0.6 per cent in three months to May

Think tank NIESR has released its GDP growth estimate for the three months to May, and it's dropped to 0.6 per cent (from 1.0 per cent last month).

Last month's reading of 0.8 per cent growth was seen as a surprise, and has since been revised up to 1.0 per cent.

Our estimates suggest that both the production and private services sectors provided significant positive contributions to GDP growth in the recent three month period.