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Scottish Economy Grows 0.7 Percent in Q3

2024-12-30OANDAOANDA
The Scottish economy grew by 0.7% in the third quarter of last year, according to official estimates. It was the sixth consecutive quarter to show growth north of the border, but was slightly lower than the UK as a whole. Comparing the quarter with the same period in 2012, Scottish Gross Domestic Product (GDP) grew […]

The Scottish economy grew by 0.7% in the third quarter of last year, according to official estimates.

It was the sixth consecutive quarter to show growth north of the border, but was slightly lower than the UK as a whole.

Comparing the quarter with the same period in 2012, Scottish Gross Domestic Product (GDP) grew by 2.1%.

Construction, manufacturing and services all performed strongly between July and September.

Both the services and construction sectors grew by 0.7% while production grew by 0.6%.

Over the year, services grew by 1.8%, construction by 2.8% and production by 3%.

The latest figures were released in the Scottish government’s latest GDP statistical bulletin.

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