Q3 Nowcast update

This post reports a series of nowcasts which have yet been reported on the blog. Official estimates for Q2 have now been released by the Scottish Government showing a contraction of -0.3%.

For Q3 our current estimates are:

  • September estimate: Growth in 2019 Q3 (July – September) of 0.30% which, at an annual rate, is 1.21%
  • August estimate: growth of 0.30% in 2019 Q3 which, at an annual rate is 1.21%.

Shortly we will produce new estimates incorporating the new Q2 growth data from the Scottish Government.

It is also worth noting that an alternative set of nowcasts is available covering all NUTS1 regions of the UK, also produced by researchers at the Fraser of Allander Institute. These estimates are available at: www.escoe.ac.uk/regionalnowcasting.