Finance
Poor UK productivity recovers partially in Q4, ONS data shows
Published by Global Banking and Finance Review
Posted on February 18, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 18, 2025
1 min readLast updated: January 26, 2026
UK productivity rose by 0.7% in Q4 2024, partially recovering from a Q3 decline. However, output-per-hour remains 0.8% lower than the previous year, with data reliability concerns.
(Reuters) - Productivity in Britain's economy, one of its major weak points, recovered partially in the fourth quarter of 2024 but was down compared with a year previously, official data showed on Tuesday.
The Office for National Statistics said output-per-hour worked increased by 0.7% in the fourth quarter, partially reversing a 1.1% drop in the third quarter.
Compared with a year earlier, output-per-hour was down 0.8%.
The productivity data are subject to greater-than-usual uncertainty because the data source for hours worked, the Labour Force Survey, is subject to sample size problems that have decreased the reliability of labour market data.
(Reporting by Andy Bruce; Editing by William Schomberg)
Productivity in the UK increased by 0.7% in the fourth quarter of 2024, partially reversing a 1.1% drop from the third quarter.
Compared to a year earlier, output-per-hour was down 0.8%, indicating a decline in productivity over the year.
The productivity data are subject to greater-than-usual uncertainty due to sample size problems in the Labour Force Survey, which affects the reliability of hours worked.
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