Weak manufacturing figures
Scotland to grow at slowest rate across UK
Scotland’s manufacturing sector is lacklustre, says report
Scotland is expected to deliver the lowest growth amongst the 12 UK economic regions this year, according to PwC’s latest UK Economic Outlook.
A detailed survey of relative performance over the past two decades has further indicated that Scotland’s manufacturing contribution to GVA fell by 0.2% between 2009 and 2016.
However, after what could be a lacklustre year, Scotland’s outlook is forecast to pick up in 2019 with a 0.2% boost in performance to 1.2% – the highest percentile jump in the UK. Despite this, Scotland will continue to lag behind the UK average of 1.6%.
Lindsay Gardiner, regional chairman at PwC in Scotland, said: “The latest UKEO presents a mixed picture for Scotland.
“While our economic performance is expected to pick up next year and we’ve enjoyed steady employment growth during 2017, the analysis also shows that Scotland is the only area of the UK not to grow its manufacturing contribution over the past two decades.”