Labour Costs in the United Kingdom increased to 113.70 points in the first quarter of 2020 from 110 points in the fourth quarter of 2019.
Labour Costs in the United Kingdom averaged 68.62 points from 1977 until 2020, reaching an all time high of 113.70 points in the first quarter of 2020 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. United Kingdom Labour Costs - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Office for National Statistics
Labour Costs in the United Kingdom is expected to be 107.81 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 113.47 in 12 months time. In the long-term, the United Kingdom Labour Costs is projected to trend around 108.99 points in 2021 and 110.62 points in 2022, according to our econometric models.