Scottish Economy Grows 0.7 Percent in Q3

The Scottish economy grew by 0.7% in the third quarter of last year, according to official estimates.

It was the sixth consecutive quarter to show growth north of the border, but was slightly lower than the UK as a whole.

Comparing the quarter with the same period in 2012, Scottish Gross Domestic Product (GDP) grew by 2.1%.

Construction, manufacturing and services all performed strongly between July and September.

Both the services and construction sectors grew by 0.7% while production grew by 0.6%.

Over the year, services grew by 1.8%, construction by 2.8% and production by 3%.

The latest figures were released in the Scottish government’s latest GDP statistical bulletin.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza