Labour Costs in the United Kingdom increased to 104.80 Index Points in the third quarter of 2018 from 103.90 Index Points in the second quarter of 2018. Labour Costs in the United Kingdom averaged 66.93 Index Points from 1977 until 2018, reaching an all time high of 104.80 Index Points in the third quarter of 2018 and a record low of 20.70 Index Points in the first quarter of 1977.
Labour Costs in the United Kingdom is expected to be 106.50 Index 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 108.00 in 12 months time. In the long-term, the United Kingdom Labour Costs is projected to trend around 110.00 Index Points in 2020, according to our econometric models.