The U.K. economy is estimated to expand at a faster pace in the second quarter, the National Institute of Economic and Social Research said late Tuesday.
Gross domestic product is estimated to expand 0.9 percent in the second quarter, faster than the 0.8 percent growth seen in the first quarter. The institute projected 2.9 percent growth in 2014 and 2.4 percent in 2015.
The think tank said the month-on-month fall in industrial production would weigh only marginally on the wider economy. Moreover, it expects manufacturing to rebound in June.
The Office for National Statistics is slated to publish preliminary GDP data for the second quarter on July 25.
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