The efficiency of the UK workforce calculated as output per worker, output per job and output per hour. Labour productivity is an important factor in determining the productive potential of the economy. Countries with strong labour productivity growth tend to benefit from high rates of growth and low inflation.
UK labour productivity, as measured by output per hour, is estimated to have grown by 0.7% from Quarter 3 (July to Sept) 2017 to Quarter 4 (Oct to Dec) 2017; this is the second quarter in a row that output per hour grew, after falling in the first half of 2017.
By contrast, output per worker and output per job both grew by 0.1% between the third and fourth quarter; the difference between these two measures and output per hour reflects a fall in average hours per job and per worker.
Labour productivity grew in both services and manufacturing industries; services productivity grew by 0.3% on the previous quarter and manufacturing productivity grew by 2.6%.