Change in Standard Industrial Classification (SIC)
In the previous two releases of this publication the GVA statistics for Scotland have been presented using the 2003 SIC along with a provisional reclassification to 2007 SIC to aid comparisons with UK results.
In this release all results are now presented solely on this provisional SIC 2007 basis with the exception of the long term trends in Table 7. A full reclassification to the 2007 SIC will become available following the calculation of updated weights derived from the Input-Output analyses for Scotland. Further details can be found in Annex A.
The latest figures show that UK GDP in constant basic prices fell by 0.3 per cent during the fourth quarter of 2011.
On an annual basis, comparing output in the latest four quarters to the previous four quarters (4Q-on-4Q), UK GDP grew by 0.6 per cent.
In the fourth quarter of 2011, the UK Services sector fell by 0.1 per cent, output in the Production sector fell by 1.3 per cent, and Construction output fell by 0.2 per cent.
On an annual basis (4Q-on-4Q), the UK experienced growth of 1.6 per cent in Services, growth of 2.8 per cent in the Construction sector, and a fall of 1.2 per cent in Production.