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Publication - Research and analysis

Scottish economic bulletin: July 2025

Published
11 July 2025
From
Chief Economist
Directorate
Chief Economist Directorate
Topic
Economy
ISBN
9781836918844

Provides a summary of latest key economic statistics, forecasts and analysis on the Scottish economy.

Part of

View supporting documents Supporting documents

Output

The Scottish economy contracted by 0.2% in the three months to April, following the pick-up in growth in the first quarter of the year.

  • Scotland's economic output contracted by 0.2% in April and more broadly fell by 0.2% in the three months to April (UK: 0.7%), with the pace of growth slowing from the first quarter.[1] Anecdotal evidence suggests that part of this pattern may reflect activity being brought forward in the year to avoid US tariffs.[2]
  • The recent fall in output means the economy has grown 0.1% since the final quarter of 2024 and 0.5% over the past year.[3]
  • The contraction in the 3-months to April was driven by a fall in Production output (-0.9%), partly offset by growth in Construction (0.5%), with Services sector output flat (0.0%). The fall in Production output was a result of negative growth in Manufacturing (‑2.0%) and Mining and Quarrying Industries (‑4.5%). This was partially counterbalanced by positive growth in Electricity and Gas Supply (3.2%) and Waste Supply and Water Management (1.4%), albeit the pace of growth in these sectors had also eased.
  • Within the Services sector, consumer facing services grew 1.3%, supported by growth in the Wholesale, Retail and Motor trades (0.8%) and Accommodation and Food services (2.0%). However, this growth was exactly offset by falling output in other services sectors, including in the Information and Communication sector (‑3.6%), Culture and Recreation (‑2.5%) and Financial and Insurance Activities (-1.4%).

    • Contact

    Email: economic.statistics@gov.scot

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