The Scottish Government said that Scotland’s GDP grew 0.6% in real terms over the second quarter of 2024 (April to June), after growing 0.5% in the previous quarter (January to March).

It said that in the second quarter, GDP in the UK as a whole grew by 0.6% after growing 0.7% in the previous quarter.

Over the second quarter of 2024, services output in Scotland grew 0.6% and production output grew by 0.8%. The growth in the output of Business Services and Finance accounted for two thirds of the headline 0.6% growth.

The Scottish Government said that compared to the same quarter of last year, Scotland’s GDP grew by 0.9%, as did the UK as a whole.

For June alone, however, the Scottish Government said Scotland’s onshore GDP is estimated to have fallen 0.3%. This follows growth of 0.2% in May. Output in the services sector, which accounts for around three quarters of the economy, contracted by 0.5% in June.

Output in the production sector is estimated to have grown by 0.3% in June. The largest contribution to the contraction of GDP in June came from output in the manufacturing sector.

In June, the largest contribution to Scotland’s headline GDP in was Electricity & Gas Supply, which contributed 0.3 percentage points to headline GDP. The largest contribution to the contraction was Manufacturing, which contributed -0.2 percentage points to headline GDP.