• Recent Scottish GDP growth remains much slower than for the UK. Despite the stellar
performance in Construction over the past 2 years, overall growth in the Scottish economy
(4%) has been less than half that seen for the UK (8.8%) since the previous peak of 2007.
• Within the Scottish total, Construction sector growth remains very fast over the past year,
which can be largely explained by exceptional infrastructure projects (see page 2).
• Relatively slow Private Sector services growth continues to hold back growth, particularly
with respect to Transport & Communications (see page 3).
• Omissions in basic data hamper our understanding of the economy, both in terms of the
recent boom in Constructions real impact on Scottish prosperity (see page 2) and with
respect to the role of Oil & Gas related industries (see page 4).