Labor productivity in the UK as measured by output per hour remained unchanged on quarter in the second three months of 2022, after a 0.6% fall in the previous period, preliminary estimates showed However, it remains 1.7% above its pre-coronavirus pandemic levels. The quarter-on-quarter, output per hour was unchanged reflecting a fall of equal magnitude, negative 0.1%, in gross value added (GVA) and the number of hours worked. source: Office for National Statistics
Productivity in the United Kingdom averaged 76.13 points from 1971 until 2022, reaching an all time high of 106.30 points in the third quarter of 2020 and a record low of 43.30 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 2022.
Productivity in the United Kingdom is expected to be 102.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Productivity is projected to trend around 102.90 points in 2023 and 103.20 points in 2024, according to our econometric models.