Labour productivity in the UK, as measured by output per hour, fell by 0.2 percent in the second quarter of 2019, following a revised 0.6 percent decline in the previous period, a preliminary estimate showed. During the same period, output per worker dropped by 0.5 percent, compared to the 0.2 percent increase seen in the first quarter. Year-on-year, labour productivity in the UK, as measured by output per hour, declined by 0.6 percent, the fourth consecutive quarter of decrease. Productivity in the United Kingdom averaged 75.86 Index Points from 1971 until 2019, reaching an all time high of 101.80 Index Points in the fourth quarter of 2017 and a record low of 43.10 Index Points in the first quarter of 1971.
Productivity in the United Kingdom is expected to be 103.00 Index 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 105.00 in 12 months time. In the long-term, the United Kingdom Productivity is projected to trend around 108.00 Index Points in 2020, according to our econometric models.