British GDP rises by 0.2%

British GDP rose by 0.2% in the three months to August 2009, according to figures from the National Institute of Economic and Social Research, (NIESR) released today.

This followed a 0.3% fall in the three months to July 2009, and a 0.8% fall in the three months to August 2008.

The NIESR said it was the first time the three-month average had increased since May 2008.

However, the NIESR warned that the economy may be entering a period of stagnation, and output is likely to rise in some months and fall in others.

This report followed earlier positive news for the British economy, as manufacturing output rose at its fastest rate for 18 months to reach 0.9% in July.


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