GDP Monthly Estimate: August 2024

Scotland’s onshore GDP is estimated to have fallen by 0.3% in August. This follows growth of 0.5% in July (revised from 0.3%).

In the three months to August, GDP is estimated to have grown by 0.1% compared to the previous three month period. This indicates a fall in quarterly growth after the growth of 0.4% (revised from 0.6%) in 2024 Quarter 2 (April to June).

In August the largest contribution to headline GDP was made by the Information & Communications sector which contracted by 3.2%, contributing -0.2 percentage points towards headline GDP.