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16/01/2014

Economic Activity Continues To Strengthen

New Gross Domestic Product figures released by the Scottish Government has revealed that the country's economy continues to go from strength to strength.

Figures for quarter three report a strong performance in construction, services and manufacturing.

For the months of July to September 2013, total output in the economy grew by 0.7%, while an annual basis, GDP increased by 2.1% compared to the same quarter in 2012.

Over the quarter, the Government statistics revealed that both the services and construction sector grew by 0.7% while the production sector grew by 0.6%. Over the year, services increased by 1.8%, construction by 2.8% and production by 3%.
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Finance Secretary John Swinney said: "Today's statistics show further strengthening in Scotland's economy with the recovery accelerating, even against a backdrop of continuing economic challenges.

"Growth in Scotland's economy has increased and strengthened over the last eighteen months and this Scottish Government will continue to support growth in key areas to boost Scotland's success.

"It is positive to see that progress has been made in our three major sectors with construction, production and services industries all posting growth. The increase in continued growth in these sectors ensures that we can continue to help build sustainable economic growth for Scotland which will strengthen our economy and create jobs.

(JP/MH)

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