GDP Monthly Estimate: June 2024

Scotland’s onshore GDP is estimated to have fallen by 0.3% in June. This follows  growth of 0.2% in May.

In the three months to June (Quarter 2), GDP is estimated to have grown by 0.6% compared to the previous three month period (Quarter 1). This is a slight increase on the Quarter 1 growth rate of 0.5%.

In June, the largest contribution to headline GDP in was Electricity & Gas Supply, which contributed 0.3 percentage points to headline GDP. The largest contribution to the contraction was Manufacturing, which contributed -0.2 percentage points to headline GDP.