Labour productivity in the UK, as measured by output per hour, increased 0.4 percent quarter-on-quarter in the three months to September 2019, compared to a preliminary estimate of 0.3 percent growth and the previous period's 0.2 percent drop. Year-on-year, labour productivity edged up 0.1 percent, instead of being unchanged as initially thought and following four consecutive quarters of decline.
Productivity in the United Kingdom averaged 75.20 points from 1971 until 2019, reaching an all time high of 101.60 points in the fourth quarter of 2017 and a record low of 42.40 points in the first quarter of 1971. This page provides the latest reported value for - United Kingdom Productivity - 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
Productivity in the United Kingdom is expected to be 101.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in the United Kingdom to stand at 102.00 in 12 months time. In the long-term, the United Kingdom Productivity is projected to trend around 102.50 points in 2020, according to our econometric models.