Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Scottish economy outpaces UK on manufacturing surge

Scottish economy outpaces UK on manufacturing surge

The Scottish economy outpaced the UK's over the first quarter, powered by strong activity in manufacturing.

The Telegraph reported that the country grew 1% in the first quarter, according to data from the Scottish government. GDP was boosted by a 2.1% rise in industrial production, as factory ouptut increased 3.4%. Construction contracted by 1%, however, while services grew by 0.9%.

In comparison UK GDP rose 0.8% in the first quarter.

The figures show that the UK had to cope with a more profound recession, with a peak-to-trough GDP fall of 5.2% in 2008-9, compared to 4.4% for Scotland.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter