February Nowcasts!

Last month saw the release of official data on the performance of the Scottish economy in the 3rd quarter of 2017, and confirmed weak headline growth of 0.15%. This month we’ve run our nowcasting model to provide our estimates of economic growth in the Scottish economy in the final quarter of 2017 (2017 Q4) and our first estimates of growth in the current quarter (2018 Q1). We will receive official estimates of growth in 2017 Q4 in a couple of months.

Our latest nowcasts for:

  • GVA growth in 2017 Q4 is 0.31% which, at an annual rate, is 1.25%. This is down a bit from our last estimate at the start of January (which was 1.42%).
  • GVA growth in 2018 Q1 is 0.35% which, at an annual rate, is 1.40%. This is our first nowcast for this quarter.

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