Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a762293

Scottish economy outpaces UK on manufacturing surge

by Danielle Levy on Jul 17, 2014 at 07:48

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 here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet