Labour Productivity, Q1 2015

1 Jul 2015 01:55 PM

Labour Productivity, Q1 (Jan to Mar) 2015

• UK labour productivity as measured by output per hour grew by 0.3% in the first quarter of 2015 compared with the previous quarter. This measure is 1.3% higher than the same period in 2014, the fastest annual growth since Q1 2012.
• Whole economy unit labour costs decreased by 0.6% on the quarter and were 0.9% higher than a year ago. Growth of labour costs per hour remains subdued.
• Output per hour in the manufacturing and production sectors fell on the quarter and on the year.
• Output per hour grew in the services sector, though estimates of individual service industries were more mixed.
• New for this release is an Industry Spotlight section, focusing on productivity in Information and communication services. This shows a pronounced slowdown in productivity in telecommunications services in recent years, after very strong growth prior to the economic downturn.

Get all the tables for this publication in the data section of this publication.