Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. Economy Grew 0.6% in Quarter Through November, Niesr Says

Dec. 7 (Bloomberg) -- The British economy’s pace of growth quickened in the three months through November, weakening the case for the Bank of England to add to its emergency bond purchases, the National Institute of Economic and Social Research said.

Gross domestic product increased 0.6 percent, more than the 0.5 percent recorded in the three months through October, the group, whose clients include the Bank of England and the U.K. Treasury, said in an e-mailed statement today in London.

“A significant output gap still remains,” Niesr said in the statement. “However, the case for further quantitative easing is weakened by these estimates.”

To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net.

To contact the editor responsible for this story: John Fraher at jfraher@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.