Scottish economy grows for ninth quarter in row

(c) newscabal

From Insider yesterday:

The Scottish economy grew between January and March this year despite uncertainty around the UK’s expected departure from the EU, according to official figures. Statistics published on Wednesday show GDP in the country grew at the same rate as that of the UK – 0.5% – over the period. It represents the ninth consecutive quarter of growth for the Scottish economy. Analysis suggests growth in the quarter was driven by the manufacturing and construction sectors, which grew by 2.6% and 2% respectively. Two sub-sectors of manufacturing – food and drink and pharmaceutical – account for more than half of the 0.5% growth during the quarter, with some suggestions the increase in manufacturing is due to stockpiling for Brexit.’

https://www.insider.co.uk/news/manufacturing-construction-drive-ninth-quarter-16542538

GDP is of course an increasingly contested measure of the health of any economy. See this:

When will Scotland’s economics correspondents catch up with current thinking on GDP? When they can find something else to attack the SNP with.

For more useful information on the robust Scottish economy, see:

Yet more objective evidence Scotland’s economy healthy in SNP care

Scottish labour market outperforms UK revealing more evidence of health in economy

Umpteenth post on underlying strength in Scottish economy: Property investment up 19.8%!

Scottish business confidence well above UK average

SNP blamed as private businesses experience too much demand and overcrowding with new staff second only to Labour-mayored London.

Scottish business confidence stays high…Ah but!..Oh shut up Revoking Scotland!

63% fall in large business insolvencies as Scottish economy reveals strength

See this Douglas? Business investment in Scotland up 250%!

Scottish Business Strength No.77: Small Scottish construction firms’ growth up 17%

Scottish small businesses still more confident than those in non-Scottish parts

Business activity soars to four-year high across manufacturing and service

Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK

Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media

Scottish Government supports economy with new business rates unique in UK

 

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