UK labour productivity, as measured by output per hour, is estimated to have grown by 0.4% from Quarter 3 (July to Sept) 2016 to Quarter 4 (Oct to Dec) 2016; however, over a longer time-period, labour productivity growth has been lower on average than prior to the downturn.
Productivity grew in both services and manufacturing industries; services productivity grew by 0.8% on the previous quarter, while manufacturing productivity grew by 1.7% on the previous quarter.
Earnings and other labour costs growth outpaced productivity growth, resulting in unit labour cost (ULC) growth of 2.1% in the year to Quarter 4 2016.
Measures the volume of production at base year prices for the manufacturing, mining and quarrying, energy supply, and water and waste management industries. These are seasonally adjusted figures on the index of output of the production industries.