Labor productivity in the UK as measured by output per hour rose 0.8 percent on quarter in the first three months of 2021, staying above pre-pandemic levels, preliminary estimates showed. Year-on-year, output per hour jumped 1 percent. Nine of seventeen high-level industries in the economy experienced a fall in output per hour compared with the same quarter in 2020, whilst eight experienced a rise, including manufacturing (3.3 percent) and construction (4.6 percent). Output per worker however, fell by 4.6 percent compared with the same quarter a year ago and fell by 1.8 percent when compared with the previous quarter. Throughout Q1 2021, coronavirus restrictions placed the majority of the UK in lockdown. These economic restrictions tended to temporarily close down large parts of less productive industries in the economy. source: Office for National Statistics
Productivity in the United Kingdom averaged 75.66 points from 1971 until 2021, reaching an all time high of 104.50 points in the third quarter of 2020 and a record low of 42.60 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. United Kingdom Productivity - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Productivity in the United Kingdom is expected to be 102.00 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 102.40 in 12 months time. In the long-term, the United Kingdom Productivity is projected to trend around 102.70 points in 2022 and 102.90 points in 2023, according to our econometric models.