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Scotland’s Onshore GDP Decreased by 0.5% in April - Perthshire Chamber of Commerce

Scotland’s Onshore GDP Decreased by 0.5% in April

Scotland’s onshore GDP decreased by -0.5% in April, according to statistics announced by Scotland’s Chief Statistician.

Output remains above the pre-pandemic level of February 2020, by 0.6%.

In the three months to April, GDP is estimated to have grown by 0.8% compared to the previous three-month period. This indicates a slight slowdown in grown in Quarter 2 so far, after an increase of 1.0% in 2022 Quarter 1 (January to March).

Output in the services sector, which accounts for around three-quarters of the economy, decreased by -0.7% in April.

At the broad level, output in consumer-facing services grew by 1.1%, while health, education and public services output decreased by -1.2% and output in all other services decreased by -0.1%.

FROM SCC NETWORK

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