Scottish economy sees 0.2% growth

The Scottish economy grew by 0.2% in the third quarter of 2017, according to new figures.

Between July and September last year, annual GDP growth in Scotland was 1.6% lower than the UK. However, production was up by 1.2% in Scotland with the overall economy growing by 0.6% annually, in comparison with 1.7% for the UK as a whole.

Construction was down for a seventh quarter in a row, falling by 2.9%. The Scottish Government’s figures also showed that GDP per person saw no change at 0%.

 

Scottish and UK Growth Rates | Source: Scottish Government

Economy Secretary Keith Brown said:

“It’s particularly heartening to see services continue to expand, and production up by 1.2%, with a return to growth for manufacturing.”

“Although more modest than we would like, it is encouraging to see the economy grow by 0.2% overall.”

 

 

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