Figure 10: Output per hour relative to trend: Previously published compared with indicative Blue Book 2015, Q1 2008=100, chained volume measure, seasonally adjusted
Source: Office for National Statistics
Note that these estimates of Blue Book 2015 consistent productivity are indicative: A complete set of Blue Book 2015 consistent labour productivity data will be published on 1 October 2015. Previously published estimates are consistent with the Quarterly National Accounts published on 30 June 2015.
The trend rate is calculated by taking a compound average growth rate of both series between Q1 1997 and Q4 2007. This is then applied to both series from Q1 2008 onwards.