Labour productivity in the UK, as measured by output per hour, rose 0.2 percent on quarter in the last three months of 2018, after falling 0.4 percent in the previous period, preliminary estimates showed. It results from a 0.2 percent increase in gross value added accompanied by a 0.1 percent decrease in total hours worked. Year-on-year, output per hour declined 0.2 percent. Productivity in the United Kingdom averaged 75.59 Index Points from 1971 until 2018, reaching an all time high of 101.90 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 102.00 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 104.00 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.