Scotland’s onshore GDP is estimated to have fallen by 0.5% in October. This follows unrevised growth of 0.1% in September.

In the three months to October, GDP is estimated to have grown by 0.2% compared to the previous three month period. This indicates a fall in growth, relative to the increase of 0.4% in 2023 Quarter 3 (July to September).

In October, output in the services sector, which accounts for around three quarters of the economy, is estimated to have grown by 0.1%, after falling 0.5% in September. Production sector output contracted by 3.3% in October, with a contraction of 7.9% in Electricity and Gas Supply (after strong growth in September) making the largest contribution to the overall GDP result.