- Q3 productivity (output per hour) +0.6% vs 0.0% prior q/q, +0.3 vs -0.6% prior y/y
- Labour costs 0.5% vs 0.2% prior q/q. +0.2% vs -0.5% prior y/y
Going in the right direction but productivity remains below the pre-crisis levels by around 2%. Strong gains in wages and productivity early in 2015 will bring rate rise expectations back from later in the year.
Q3 2014 UK productivity 24 12 2014
Q3 2014 UK labour costs 24 12 2014
