Labour costs in the UK increased by 0.5 percent quarter-on-quarter in the three months to September 2019, following a 1.7 percent climb in the previous period. Year-on-year, labour costs rose by 3.6 percent in the third quarter as wages rose faster than gains in productivity.
Labour Costs in the United Kingdom averaged 68.12 points from 1977 until 2019, reaching an all time high of 109.40 points in the third quarter of 2019 and a record low of 20.90 points in the first quarter of 1977. This page provides the latest reported value for - United Kingdom Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Office for National Statistics
Labour Costs in the United Kingdom is expected to be 110.85 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in the United Kingdom to stand at 112.90 in 12 months time. In the long-term, the United Kingdom Labour Costs is projected to trend around 120.48 points in 2020, according to our econometric models.