OREANDA-NEWS. The Scottish economy grew by 0.1% during the second quarter of 2017, according to statistics announced today by Scotland’s Chief Statistician.

Change in gross domestic product (GDP) is the main indicator of economic growth in Scotland. The latest Gross Domestic Product release, covering the period April to June 2017, shows the economy grew by 0.1% in real terms compared to the previous three months. On an annual basis, compared to the second quarter of 2016, the Scottish economy grew by 0.5%.

During the second quarter of 2017 output in the Services sector grew by 0.7%, output in Production fell by 0.7% and output in the Construction sector fell by 3.5%.

Scotland’s GDP per person grew by 0.1% during the second quarter

 

All data in this bulletin have been adjusted to allow for meaningful comparisons over time. Estimates are seasonally adjusted and have had the effect of price changes removed to present the results in real terms. GDP growth in this publication relates to what is commonly referred to as Scotland’s onshore economy, which means they exclude all offshore oil and gas extraction.