Gdp

Following 0.6% growth in January, Scotland's economy experienced a slight setback in February 2024, with onshore GDP contracting by 0.3%, according to statistics announced by the Chief Statistician. On a positive note, in the three months to February, GDP is estimated to have grown by 0.4%

The UK's gross domestic product (GDP) rose by 0.1% in February, with the manufacturing and services sectors posting higher output, offsetting a significant decline in construction activity.

Following unrevised 0.4% growth in December 2023, Scotland's onshore GDP grew by 0.6% in January 2024, according to the Chief Statistician.

The UK economy has exhibited indications of a potential recovery, as January's GDP growth of 0.2% reversed most of the decline experienced in the latter part of 2023. The rise, driven by a rebound in retail sales and robust construction activity, aligns with market expectations and could signify the

Official figures have revealed that the UK has entered a technical recession at the close of 2023.

Scotland's onshore GDP faced a marginal contraction of 0.1% in November, a slight improvement from the revised figure of -0.6% in October 2023, according to the latest data announced by the chief statistician.

The UK economy demonstrated resilience in November, rebounding with a 0.3% month-on-month growth, countering the previous month's decline.

The UK economy has faced a downturn in October, with a contraction observed across all major sectors, which saw GDP fall by 0.3% month-on-month. The decline was notably consistent with the sluggish trends indicated in recent business surveys. The EY ITEM Club's chief economic advisor, Martin Be

The UK's economy has displayed resilience in the Q3 of 2023, with the GDP managing to remain steady, thus averting the risk of a technical recession.

In the latest economic update, Scotland's onshore GDP reported a slight increase of 0.1% in August. This modest rise follows a 0.2% growth in July and compensates for the 0.1% dip experienced in June. The service sector, which accounts for around three quarters of the economy, saw a 0.5% increase af

The UK's economic growth outpaced expectations in the second quarter, with a 0.2% increase from April to June compared to the previous three months, according to the Office for National Statistics (ONS). GDP grew 0.5% in June and the Q2 rise was a modest uptick from the 0.1% growth seen in each of t

The latest figures from the Office for National Statistics (ONS) have shown that the economy grew by 0.2% in July and output dropped by 0.6%. Services grew by 0.4% in July 2022, after a fall of 0.5% in June 2022, and was the main driver to the rise in GDP. Information and communication grew by 1.5%

The Office for National Statistics (ONS) has estimated that the country's GDP contracted by 0.6% in June and 0.1% for Q2. The June decrease is attributed to the Platinum Jubilee and the move of the May bank holiday leading to "an additional working day in May 2022 and two fewer working days in

Following a period of sustained economic growth, Scotland’s gross domestic product contracted by 0.3 per cent in the second quarter – the three months after the original EU departure date at the end of March. This contraction follows relatively robust growth (0.6 per cent) in the first q