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Insider UK
Business
Peter A Walker

Scottish economy grows 4.7% in the second quarter

The latest figures from Scotland's Chief Statistician show that the economy grew by 4.7% from April to June.

Over the year, compared to the second quarter of 2020, the economy has grown by 21.7%.

During the second quarter, output in the construction sector grew by 3.3%, output in production grew by 3.5%, but output in the services sector contracted by 5.2%.

Economy Secretary Kate Forbes said: “It is clear to see the growth in the second quarter reflects the removal of lockdown restrictions, increased mobility and the acceleration of the vaccination programme.

“The pandemic is not over - challenges remain and some sectors such as retail, tourism and hospitality still face obstacles on the road to recovery - but this GDP estimate clearly shows that Scotland’s economy is continuing its recovery from the global pandemic as we work with business and trades unions to build a greener, fairer and more prosperous economy.”

Scottish Secretary Alister Jack said: “Today’s figures indicate that we are moving in the right direction, but there are still challenges ahead as we prioritise a strong, sustainable recovery.

“The UK Government introduced an unprecedented package of support to get us through the pandemic, now with the focus on our Plan For Jobs, we are helping people in all parts of the UK get back to work, building back better and stronger thanks to the huge success of the vaccine programme.”

The latest statistics are seasonally adjusted and presented in real terms - with inflation removed. Growth data relates to Scotland’s onshore economy, not including the output of offshore oil and gas extraction.

The second estimate of Gross Domestic Product (GDP) will be published on 3 November. The first estimate of GDP for the third quarter will be published on 15 December.

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