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Scotland’s economy grows 0.5% in 2019 Q1

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Christian Fernsby ▼ | June 19, 2019
Britain   Scotland

The Scottish economy grew 0.5% during the first quarter of 2019, according to statistics announced today Scotland’s Chief Statistician.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland.

The first estimate of Scotland’s GDP statistics, covering the period January to March 2019, shows that the economy grew 0.5% in real terms compared to the previous quarter.

Over the year compared to the first quarter of 2018, the Scottish economy has grown 1.4%.

During the first quarter of 2019 output in the Construction sector grew 2.0%, output in Production grew 1.8% and output in the Services sector grew 0.1%.

Two sub-sectors of manufacturing (Food & Drink and Pharmaceutical & related industries) account for more than half of the 0.5% growth of this quarter.

Some surveys have linked this increase in manufacturing to stockpiling for Brexit.

The second estimate of Scotland’s GDP for 2019 Quarter 1 will be available in Quarterly National Accounts Scotland, published on 7 August 2019.

The first estimate of Scotland’s GDP for 2019 Quarter 2 will be published on 18 September 2019.

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