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.

Productivity in the United Kingdom averaged 75.47 points from 1971 until 2020, reaching an all time high of 101.80 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 July of 2020. source: Office for National Statistics

Productivity in the United Kingdom is expected to be 99.90 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 98.60 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
100.70 101.80 101.80 42.40 1971 - 2020 points Quarterly
SA, 2016=100


Calendar GMT Actual Previous Consensus TEForecast
2020-01-08 09:30 AM Labour Productivity QoQ Final Q3 0.4% -0.2% 0.3%
2020-02-18 09:30 AM Labour Productivity QoQ Prel Q4 0.3% 0.4% 0.2%
2020-04-07 08:30 AM Labour Productivity QoQ Final Q4 0.3% 0.5% 0.3%
2020-05-19 06:00 AM Labour Productivity QoQ Prel Q1 -1.1% 0.3% -2.6%
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News Stream
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
UK Q4 Productivity Growth Confirmed at 0.3%
Labour productivity in the UK, as measured by output per hour, increased by 0.3 percent in the last quarter of 2019, following an upwardly revised 0.5 percent rise in the previous period. The 0.3 percent growth in output per hour was largely caused by a strong performance from manufacturing (1.1 percent vs -0.4 percent in Q3), while the service sector made no contribution to whole-economy productivity growth (vs 0.5 percent in Q3). Year-on-year, labour productivity in the UK, as measured by output per hour, advanced 0.3 percent, caused by gross value added (GVA) growing at 1.1 percent and hours worked rising 0.8 percent.
2020-04-07
UK Labour Productivity Continues to Rise
Labour productivity in the UK, as measured by output per hour, increased by 0.3 percent in the last quarter of 2019, following a 0.4 percent rise in the previous period, a preliminary estimate showed. During the same period, output per worker dropped by 0.5 percent, compared to the 0.6 percent increase seen in the third quarter. Year-on-year, labour productivity in the UK, as measured by output per hour, showed no growth.
2020-02-18
UK Q3 Labour Productivity Revised Higher
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.
2020-01-08

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