Scotland’s onshore gross domestic product (GDP) fell by 0.3% in August, after remaining flat with 0.0% growth in July, according to statistics announced today by the Chief Statistician.
In the three months to August, GDP is estimated to have fallen by 0.8% compared to the previous three-month period.
“This indicates a contraction during Quarter 3 so far, after the flat output in Quarter 2 (April to June) 2022, which was confirmed to be unrevised in the Quarterly National Accounts publication also released today,” said the Scottish Government.
“In August, output in the services sector, which accounts for around three quarters of the economy, is estimated to have fallen by 0.3%.
“At the broad level, output in consumer facing services fell by 2.4%, while health, education and public services output fell by 0.4%, and output in all other services grew by 0.3%.
“Overall output in production, construction and agriculture fell by 0.1% compared to the previous month, with flat output in manufacturing and growth of 0.3% in construction offset by a fall of 2.1% in water and waste management.”