Monthly GDP Estimates For June

28th August 2024

Scotland's onshore GDP contracted by 0.3% in June 2024, according to statistics announced by the Chief Statistician. This follows growth of 0.2% in May 2024.

In the three months to June 2024, Quarter 2, GDP is estimated to have grown by 0.6% compared to the previous three month period. This indicates an increase relative to the growth of 0.5% in 2024 Quarter 1, January to March.

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 came from output in the manufacturing sector.