Scots GDP up 2.1% in March; construction up 5.7%

Scotland’s onshore gross domestic product (GDP) grew 2.1% in March, according to latest statistics from the Chief Statistician.

Output remains 5.4% below the pre-pandemic level in February 2020, and has fallen by 0.9% during the recent restrictions since October 2020.

In March there was growth in each of the production, construction and services sectors, but output remained relatively subdued in many subsectors while restrictions continued.

Overall output in the services sector grew by 1.6% “with the largest contribution coming from the education subsector for the second month in a row due to the phased return to in-school learning during February and March.”

Output in the production sector increased by 3% in March, including 1.9% growth in the manufacturing subsector.

Output in the construction sector is estimated to have increased by 5.7%.

Using the “experimental” monthly statistics for Quarter 1 as a whole (January to March), GDP is provisionally estimated to have fallen by 2.1% compared to Quarter 4, reflecting the impact of the second lockdown in place since the start of the year.

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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.