Scots July GDP up 6.8% – still 10.7% below February

Scotland’s gross domestic product (GDP) increased by 6.8% in July, according to statistics announced on Wednesday by the Chief Statistician.

The July increase follows revised estimates of 6.7% growth in June and 3.1% May, and falls of 20.1% in April and 4.9% in March.

Although GDP has increased for the last three months, it remains 10.7% below February, before the COVID-19 pandemic.

Output in the services sector is estimated to have increased in July by 5.5% compared to June, output in the production sector increased by 8.6%, and construction sector output is estimated to have increased by 23.4%.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.