Construction News

23/04/2009

Scottish Construction Sector Contracts By 1.7%

The construction sector in Scotland has contracted by 1.7%.

The figures for the year ending December 2008 were announced by Scotland's Chief Statistician in the final quarter Gross Domestic Product publication which measures growth.

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The main findings showed GDP rose by 0.5% annually and fell by 1.7% in the fourth quarter of 2008 (seasonally adjusted).

In the year to end December 2008 the Scottish service sector grew by 1.0%, the production sector fell by 0.5%.

Also in the fourth quarter of 2008 the construction sector fell by 4.7%, the service sector fell by 0.8% and the production sector declined by 4.7%.

(GK/JM)

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