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HR strategyProductivity

Productivity slows despite upturn

by Personnel Today 12 Jul 2005
by Personnel Today 12 Jul 2005

In the first quarter of 2005, whole economy productivity (measured by output per worker) increased by 1.3% compared with the same quarter in 2004, according to the Office for National Statistics. However, this is down on the most recent quarterly growth of 1.4%

Yardstickproductivity12-07-05.gif

The alternative measure of productivity – output per hour – showed that hourly productivity grew by 1% in the first quarter of 2005 compared with 2004.

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Whole economy unit wage costs in the first quarter of 2005 grew by 3.2% compared with 2.6% in the last quarter. The faster rate of growth was due to a combination of an increase in average wages and a fall in productivity growth.

www.statistics.gov.uk



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Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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