6 November 2001, 12:38 UK Q3 GDP growth seen 0.6 pct vs Q2 - NIESR
LONDON (AFX) - UK third-quarter GDP is expected to have grown 0.6
pct from the previous quarter, according to the National Institute of
Economic and Social Research
This is close to the economy's trend rate of growth, NIESR said in
its monthly economic forecast. "These data take account of the weak
industrial production figures for September and are based on a
projection of a further decline of industrial production into October,"
NIESR said.
But the figures themselves do not make a case for a further
interest rate cut this week although a reduction might be justified on
precautionary grounds, it said.
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