This item was published during the term of a previous administration that ended in April 2007
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GDP figures third quarter 2005
25/01/2006
Gross Domestic Product in Scotland rose by 1.7 per cent over the year to 2005 Q3 and grew by 0.5 per cent during the third quarter of 2005 according to provisional estimates released today.
The main findings of the latest figures are:
- GDP rose by 1.7 per cent over the year to 2005 Q3 and grew by 0.5 per cent over the third quarter of 2005 (seasonally adjusted)
- Over the year to 2005 Q3, annual output in the Scottish service sector grew by 2.7 per cent, compared with a 1.3 per cent decrease in the production sector and a 1.2 per cent rise in construction
- In the third quarter of 2005, the service sector grew by 0.8 per cent, the production sector fell by 1.0 per cent and the construction sector rose by 1.4 per cent
UK Figures:
- The UK figures show that GDP rose by 1.7 per cent over the year to 2005 Q3 and by 0.4 per cent over the latest quarter
- Over the year to 2005 Q3, the UK experienced a 2.7 per cent growth in services, a 1.0 per cent decline in production and 1.7 per cent growth in construction
Industry Analysis:
- Over the latest quarter, the service sector grew by 0.8 per cent. Within this sector the real estate and business services (1.3 per cent) sector was the main driver of the quarterly increase, followed by transport, storage & communication (1.8 per cent) and public administration, education & health (0.6 per cent). Financial services (1.6 per cent) and retail & wholesale (0.8 per cent) also contributed to the growth.
- Output in the production sector fell by 1 per cent in the latest quarter. Over the year, the sector decreased by 1.3 per cent.
- Within production, the manufacturing sector (-0.7 per cent) was the main driver of the quarterly decrease followed by the mining & quarrying sector (-4.1 per cent).
- Within manufacturing the main sectors driving the quarterly decrease were other manufacturing (-2.7 per cent) and engineering & allied industries (-1.2 per cent). Textiles (-3.3 per cent) and Metals (-0.9 per cent) also contributed to the fall over the quarter.