July Nowcast update…

This blog reports the latest estimate of economic growth in Scotland from our nowcasting model. Unlike previous blog posts, this one only includes estimates for one quarter rather than two.

The reason for this is that the Scottish Government have now shortened the time between the end of the quarter and the release of data on that quarter.

Data for 2018 Q1 (January – March) were released on 27th June 2018, only 88 days after the end of the quarter.

While this is still a longer lag in the release of the data than that for the UK as a whole, it is much shorter than the previous publication lag for Scottish data of around 115 days.

Improvements in the timeliness of regional economic statistics are to be welcomed, and statisticians in the Scottish Government should be congratulated for their work in this area.

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