Scotland’s economy has grown less than expected in first quarter

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

1. Scotland’s economy has grown by less than initially thought during the first three months of this year because the amount of electricity generated by wind power was overestimated.

Quarterly national accounts produced by the Scottish government said GDP growth was 0.5 per cent for the January to March period.

That was a downward revision from the previous estimate of 0.7 per cent which was published in May.

The change was largely a result of updated wind electricity generation data which showed that the category was lower than first thought.

Separate GDP data for May showed a 0.3 per cent increase month-on-month while growth in April was revised upwards