economy boost

Scots economy experience boost in Construction sector

Scotland‘s economy experienced a growth by 1.3% in the second quarter of the year 2010, according to official figures. This is the biggest increase since the spring of 2006 and is a higher rate than the UK as a whole which grew by 1.2% in the same period.

Compared to other services, the best performing sector was construction which rose by 10.4% while services grew by just 0.3%.

However revised figures for the first quarter of this year show that the Scottish economy contracted by 0.2%.

Over the year to the end of June 2010 GDP fell by 1.7%. During this period, the service, production and construction services all recorded downward trends.

While the Finance Secretary John Swinney said, it showed the Scottish government was right to bring forward capital projects.