Scottish Monthly GDP Estimates For August

2nd November 2023

Scotland's onshore GDP grew by 0.1% in August, according to statistics announced today by the Chief Statistician. This follows unrevised growth of 0.2% in July and a fall of 0.1% in June.

Output in the services sector, which accounts for around three quarters of the economy, is estimated to have grown by 0.5%, after falling by 0.3% in July. Production sector output fell by 1.1% in August, with the fall of 2.3% in manufacturing making the largest negative contribution to the overall GDP result.

In the three months to August, GDP is estimated to have been flat (0.0% growth) compared to the previous three month period. This reflects an improvement during the third quarter of 2023 so far, relative to the unrevised fall of 0.3% in Quarter 2 (April to June) reported in the Quarterly National Accounts also released .

See the full report at https://www.gov.scot/publications/monthly-gdp-august-2023/