Finance
UK productivity growth slowed in the first quarter, ONS data shows
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 15, 2025
1 min readLast updated: January 23, 2026
UK's productivity growth slowed to 0.2% in Q1 2024, compared to 0.7% in Q4 2023, according to ONS. Output per hour decreased by 0.2% year-on-year.
LONDON (Reuters) -Productivity growth in Britain's economy weakened in the first quarter of this year compared to the final three months of 2024 and was down compared with a year previously, official data showed on Thursday.
The Office for National Statistics said output per hour worked increased by 0.2% in the January-to-March period, weaker than the 0.7% growth in the fourth quarter of last year.
Compared with a year earlier, output per hour was down 0.2%.
However, the ONS said that less weight should be placed on the latest annual change in the productivity figures due to low response rates in the first quarter of 2024 to the Labour Force Survey, which is subject to sample size problems that have decreased the reliability of labour market data.
(Reporting by Suban Abdulla; editing by David Milliken)
The main topic is the slowdown in UK productivity growth in the first quarter of 2024, as reported by the ONS.
Productivity growth was 0.2% in Q1 2024, down from 0.7% in Q4 2023.
Low response rates in the Labour Force Survey affect the reliability of the data.
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