GDP monthly estimate: October 2022

• Scotland’s onshore GDP is estimated to have grown by 0.4% in October, after falling 0.4% in September.
• Output in the services sector, which accounts for around three quarters of the economy, is estimated to have grown by 0.3% in October. At the broad level, output in consumer facing services remained flat (0.0% growth), while health, education and public services output grew by 0.2%, and output in all other services grew by 0.5%.
• Overall output in production, construction and agriculture grew by 0.6% compared to the previous month.
• In the three months to October, GDP is estimated to have fallen by 0.1% compared to the previous three month period. This is a slight improvement in growth after output fell by 0.2%  in 2022 Quarter 3 (July to September). Further information on quarterly GDP can be found in the Quarterly First Estimate for 2022 Quarter 3.

All results are seasonally adjusted and presented in real terms (adjusted to remove inflation), and relate to Scotland’s onshore economy (which does not include offshore oil and gas extraction).