Labour Costs in the United Kingdom increased to 112.80 points in the first quarter of 2021 from 112 points in the fourth quarter of 2020. source: Office for National Statistics
Labour Costs in the United Kingdom averaged 66.08 points from 1977 until 2021, reaching an all time high of 115.10 points in the second quarter of 2020 and a record low of 19.60 points in the first quarter of 1977. This page provides the latest reported value for - United Kingdom Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Labour Costs - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Labour Costs in the United Kingdom is expected to be 114.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in the United Kingdom to stand at 116.64 in 12 months time. In the long-term, the United Kingdom Labour Costs is projected to trend around 119.28 points in 2022 and 121.91 points in 2023, according to our econometric models.