Consumer confidence slides as GDP growth slows

Hello and welcome to our daily digest of business, financial and economic news from around Scotland.

1. Consumer confidence has weakened and the Scottish economy grew less strongly than previously thought during the spring, official data shows.

Quarterly national accounts found onshore gross domestic product increased by 0.4 per cent between April and June, down from a previous estimate of 0.6 per cent. However, GDP for the first quarter of this year rose from 0.5 per cent to 0.7 per cent.

Separate data showed monthly Scottish GDP fell by 0.3 per cent in August after growth of 0.5 per cent in July. Alongside that the Scottish Consumer Sentiment Indicator fell by 2.6 percentage points to go back into negative territory at -0.2 for the third