Latest Fraser of Allander Commentary
September 2017: volume 41, number 3
The Scottish economy returned to growth in the first 3 months of 2017. The upturn was driven by a bounce back in a number of manufacturing sectors. These same sectors had been some of the hardest hit in recent times, so holding on to such gains will be a success in its own right.
Scottish unemployment is now at its lowest rate since the Labour Force Survey was first collected back in 1992. But newly revised data published last month confirmed that the economy contracted – albeit marginally – in 2016. And growth over the year remains below trend.