Labor productivity in the UK as measured by output per hour fell 2 percent on quarter in the second quarter of 2020, less than a preliminary estimate of a 2.5 percent decline. It is the biggest decline since Q1 1974. Output per hour went down 19 percent, compared to initial forecasts of a 19.9 percent decline, reflecting the impact of the furlough scheme. Year-on-year, output per hour fell 1.8 percent and per worker tumbled 21.1 percent, the biggest drop on record and larger than that observed for output per hour because of the impact of the furlough scheme that retains employees as workers even though they work zero hours source: Office for National Statistics

Productivity in the United Kingdom averaged 75.58 points from 1971 until 2020, reaching an all time high of 101.90 points in the fourth quarter of 2019 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. United Kingdom Productivity - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

Productivity in the United Kingdom is expected to be 99.00 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 99.50 in 12 months time. In the long-term, the United Kingdom Productivity is projected to trend around 100.00 points in 2021 and 101.10 points in 2022, according to our econometric models.

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United Kingdom Productivity

Actual Previous Highest Lowest Dates Unit Frequency
98.10 100.60 101.90 42.40 1971 - 2020 points Quarterly
SA, 2018=100


Calendar GMT Actual Previous Consensus TEForecast
2020-05-19 06:00 AM Labour Productivity QoQ Prel Q1 -1.1% 0.3% -2.6%
2020-07-07 08:30 AM Labour Productivity QoQ Final Q1 -1.3% 0.2% -1.1%
2020-08-12 06:00 AM Labour Productivity QoQ Prel Q2 -2.5% -1.3% -6.6%
2020-10-13 06:00 AM Labour Productivity QoQ Final Q2 -2% -0.5% -2.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Labor Productivity in the UK Falls Less than Initially Anticipated
Labor productivity in the UK as measured by output per hour fell 2 percent on quarter in the second quarter of 2020, less than a preliminary estimate of a 2.5 percent decline. It is the biggest decline since Q1 1974. Output per hour went down 19 percent, compared to initial forecasts of a 19.9 percent decline, reflecting the impact of the furlough scheme. Year-on-year, output per hour fell 1.8 percent and per worker tumbled 21.1 percent, the biggest drop on record and larger than that observed for output per hour because of the impact of the furlough scheme that retains employees as workers even though they work zero hours
2020-10-13
UK Q2 Labor Productivity Falls at Record Pace
Labor productivity in the UK as measured by output per hour fell 2.5 percent on quarter in the second quarter of 2020, following a 1.3 percent decrease in the previous period, a preliminary estimate showed. It was the largest decline in productivity since the series began in 1971, prompted by the pandemic crisis and restrictive measures to combat it. Output per hour was down primarily among constructors (-11.4 percent) and service providers (-2.5 percent) while manufacturing saw the smallest drop (-0.3 percent). Meantime, output per worker tumbled 19.9 percent, the steepest fall on record, mainly because of the impact of the furlough scheme that retains employees as workers even though they work zero hours. Compared with the same period a year earlier, output per hour fell 3 percent and per worker 22 percent.
2020-08-12
UK Labor Productivity Falls Most in Over 4 Years
Labor productivity in the UK as measured by output per hour fell by 1.3 percent on quarter in the first three months of 2020, compared with a preliminary estimate of a 1.1 percent decline and following a revised 0.2 percent rise in the previous period. That was the biggest plunge in productivity since the fourth quarter of 2015, due to the coronavirus pandemic and restrictive measures imposed to contain it. Output per hour was down among service providers (-1.3 percent vs 0.0 percent in Q4) and goods producers (-1.3 percent vs 1.4 percent), particularly among manufacturers (-0.6 percent vs 1.2 percent). Compared with the same period a year earlier, output per hour went down by 0.6 percent and per worker by 3.1 percent, reflecting the impact of "furlough" schemes, which reduced hours worked but preserved workers' employment statuses.
2020-07-07
UK Productivity Falls the Most since 1974
Labor productivity in the UK as measured by output per hour fell by 1.1 percent on quarter in the first three months of 2020, following a 0.3 percent rise in the previous period, preliminary estimates showed. It is the biggest plunge in productivity since 1974, due to the coronavirus pandemic and restrictive measures imposed. Meanwhile, output pr worker fell by 2.6 percent. Compared with the same period a year earlier, output per hour went down 0.4 percent and per worker 2.9 percent, with the latest reflecting the impact of a government policy that retains workers as employees with zero hours, but also driven by a growth in the number of workers over the quarter.
2020-05-19

United Kingdom Productivity
In the United Kingdom, Productivity is the real value of output produced by a unit of labor during a certain time.