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Growth in Scottish economy slows | Growth in Scottish economy slows |
(35 minutes later) | |
The Scottish economy grew by 0.2% in the final three months of 2013 compared with growth of 0.7% in the UK, according to official figures. | The Scottish economy grew by 0.2% in the final three months of 2013 compared with growth of 0.7% in the UK, according to official figures. |
Scottish growth was affected by a sharp fall in production at the Grangemouth petrochemicals complex following an industrial dispute. | |
Output in petrochemicals fell by 10.8% but other sectors such as textiles and food also shrank. | |
On an annual basis, GDP grew by 1.7% compared to the fourth quarter of 2012. | |
Estimates by Scottish government statisticians indicated that the production sector contracted by 0.7% and construction by 1% in the final quarter of 2013. | |
The services sector, which accounts for nearly three quarters of the Scottish economy, grew by 0.6% over the same period. | |
The fastest sectoral growth over the quarter was seen in Transport, Storage and Communications (+1.7%) and in Mining and Quarrying (+2.9%). |