Quarterly GPD up 14.7% but still 7.6% below February

Scotland’s gross domestic product (GDP) increased by 1.6% in September — but output remains 7.6% below the level in February before the impact of the COVID-19 pandemic

According to statistics announced on Wednesday by the Chief Statistician, September was the fifth consecutive month of increasing GDP.

Using the experimental monthly statistics for the July-September Quarter 3 as a whole, GDP is provisionally estimated to have increased by 14.7%, after falling by a total of 22.0% across Quarters 1 and 2 of 2020.

September saw growth in all of the main sectors of the economy, but at a slower rate than seen over the summer months.

Output in the services sector is estimated to have increased by 1.6% compared to August, production sector output increased by 1.4%, and construction sector output increased by 2.7%.

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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.