Labor productivity in the UK as measured by output per hour rose 0.7 percent on quarter in January-March 2021, compared with a preliminary estimate of a 0.8 percent increase and a 4.3 percent slump in the previous three-month period, as both gross value added and total hours worked fell. Year-on-year, productivity increased 0.9 percent, after a 0.7 percent decline in the previous quarter. Meanwhile, output per worker decreased by 1.8 percent compared with the previous quarter and by 4.7 percent year-on-year, reflecting workers retaining employment through the Coronavirus Job Retention Scheme (CJRS), while not producing output. source: Office for National Statistics

Productivity in the United Kingdom averaged 75.66 points from 1971 until 2021, reaching an all time high of 104.50 points in the third quarter of 2020 and a record low of 42.60 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 2021.

Productivity in the United Kingdom is expected to be 101.50 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 102.50 in 12 months time. In the long-term, the United Kingdom Productivity is projected to trend around 102.70 points in 2022 and 102.90 points in 2023, according to our econometric models.

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United Kingdom Productivity

Actual Previous Highest Lowest Dates Unit Frequency
100.70 100.00 104.50 42.60 1971 - 2021 points Quarterly
SA, 2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-02-23 07:00 AM Labour Productivity QoQ Prel Q4 -4.5% 5.6% -2%
2021-04-14 08:30 AM Labour Productivity QoQ Final Q4 -4.3% 6.5% -4.5%
2021-05-18 06:00 AM Labour Productivity QoQ Prel Q1 0.8% -4.3% 2.9%
2021-07-07 08:30 AM Labour Productivity QoQ Final Q1 0.7% -4.3% 0.8%


News Stream
UK Q1 Productivity Growth Revised Slightly Lower
Labor productivity in the UK as measured by output per hour rose 0.7 percent on quarter in January-March 2021, compared with a preliminary estimate of a 0.8 percent increase and a 4.3 percent slump in the previous three-month period, as both gross value added and total hours worked fell. Year-on-year, productivity increased 0.9 percent, after a 0.7 percent decline in the previous quarter. Meanwhile, output per worker decreased by 1.8 percent compared with the previous quarter and by 4.7 percent year-on-year, reflecting workers retaining employment through the Coronavirus Job Retention Scheme (CJRS), while not producing output.
2021-07-07
UK Productivity Rises in Q1
Labor productivity in the UK as measured by output per hour rose 0.8 percent on quarter in the first three months of 2021, staying above pre-pandemic levels, preliminary estimates showed. Year-on-year, output per hour jumped 1 percent. Nine of seventeen high-level industries in the economy experienced a fall in output per hour compared with the same quarter in 2020, whilst eight experienced a rise, including manufacturing (3.3 percent) and construction (4.6 percent). Output per worker however, fell by 4.6 percent compared with the same quarter a year ago and fell by 1.8 percent when compared with the previous quarter. Throughout Q1 2021, coronavirus restrictions placed the majority of the UK in lockdown. These economic restrictions tended to temporarily close down large parts of less productive industries in the economy.
2021-05-18
UK Q4 Productivity Falls Less than Initially Thought
Labor productivity in the UK as measured by output per hour sank 4.3 percent on quarter in October-December 2020, compared with a preliminary estimate of a 4.5 percent plunge and a revised 6.5 percent jump in the previous three-month period, as total hours worked recovered faster than gross value added. Year-on-year, productivity fell 0.7 percent, after a 4.0 percent jump in the previous quarter. Meanwhile, output per worker rose by 1.6 percent compared with the previous quarter as the number of workers on furlough continued to decrease. Year-on-year, however, output per worker fell by 5.9 percent, largely because of retained employment through the coronavirus Job Retention Scheme (furlough), while not undertaking working activities. Considering 2020 full year, output per hour grew 0.4 percent, although there was substantial volatility during the year; this contrasted with a slow and steady decline in productivity during the 2008-09 economic downturn.
2021-04-14
UK Productivity Falls 4.5% in Q4
Labor productivity in the UK as measured by output per hour sank 4.5 percent on quarter in the last quarter of 2020, compared with a 5.6 percent jump in the previous period, preliminary estimates showed. Total hours worked recovered faster than gross value added. Year-on-year, productivity fell 1.1 percent, with most industries experiencing declines. Output per worker rose by 1.4 percent compared with the previous quarter as the number of workers on furlough continued to decrease. Year-on-year however, output per worker fell by 6.3 percent, largely because of retained employment through the coronavirus Job Retention Scheme (furlough), while not undertaking working activities.
2021-02-23

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