Scotland Q1 GDP falls 2.5%Christian Fernsby ▼ | July 29, 2020
Scotland’s GDP is confirmed to have fallen 2.5% during the first quarter of 2020, according to statistics announced by the Chief Statistician.
Fall Scotland airport
During the first quarter, the updated figures show that output in the services sector fell by 2.4%, output in the production sector fell by 2.9%, and output in the construction sector fell by 3.6% compared to 2019 quarter 4.
These results include the initial direct impacts of the coronavirus (COVID-19) pandemic, including the start of the lockdown period in March, but do not include the large fall which has been reported in monthly statistics for April.
The GDP Quarterly National Accounts publication includes the second estimate of growth for the October to December period.
This uses data which has been released since the first estimate was published. The Quarterly National Accounts also includes a range of other statistics which are used for economic analysis, forecasting and modelling. ■