Record manufacturing productivity while unit wage costs fall

Labour Productivity – Q3 2011

  • UK labour productivity increased by 0.2 per cent in the third quarter of 2011 on an output per hour basis, while market sector productivity fell by 0.1 per cent.
  • Productivity of the production industries rose by 1.2 per cent, within which manufacturing productivity rose by 1.4 per cent to a record level.
  • Productivity of the service sector increased by 0.3 per cent in the third quarter.
  • UK unit labour costs increased by 0.5 per cent. Within the manufacturing sector, unit wage costs fell by 0.4 per cent.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s