GDP Monthly Estimate: March 2024
Gross Domestic Product (GDP) statistics measure changes in the output of the economy. This is an Official Statistics in Development publication for Scotland.
In March, output in the services sector is estimated to have grown by 0.7%, with growth in eleven of the fourteen subsectors. The industry which made the biggest positive contributions to overall GDP growth in March was Retail, Wholesale & Motor Trades which contributed 0.2 percentage points to overall growth. In addition, Health & Social Care and Electricity & Gas Supply industries made positive contributions of 0.1 percentage points respectively . The positive contributions were offset by contraction in output in the Manufacturing which contributed -0.2 percentage points to overall growth and Professional, Scientific, and Technical Services industries which contributed -0.1.
Production sector output contracted by 1.1% in March, with decreases in two of four subsectors. Construction sector output contracted by -0.4% in March.
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