Scotland’s GDP figures for October 2022 were released this morning.
Scotland’s onshore GDP is estimated to have increased by 0.4% in October after declining by 0.4% in September.
Scottish Secretary Alister Jack said:
It’s encouraging to see some growth in today’s figures, but the UK is not immune to the global aftershocks of the pandemic and Putin’s illegal war with Ukraine. Our focus remains firmly on driving down inflation to achieve a solid and sustainable economic recovery.
For hard-working families and the most vulnerable in our communities, the UK Government is doing all it can – helping with energy bills and increasing benefits and pensions in line with inflation. There’s also been a rise to the National Living Wage and protection for Scotland’s public services with the Scottish Government receiving an extra £1.5billion on top of the record block grant.
Providing this vital support in these challenging times, along with our ambitious levelling up agenda in Scotland, will ensure future long-term growth for the benefit of everyone across the UK.