GDP components · United Kingdom
United Kingdom Labour Productivity QoQ
The United Kingdom Labour Productivity QoQ is one part of the national accounts of the United Kingdom: what households spend, what businesses invest, what they earn, or how productive workers are.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- GBP · pound sterling
- Central bank
- The Bank of England
Latest figures
The latest release for Q2, published on 18 August 2026, came in at -0.8%, below the consensus of -0.5%, down from 1.1% the time before (revised).
A weaker figure than expected points to slowing activity: the pound sterling tends to soften and markets price in lower rates.
Over the last 4 releases it ranged from -0.8% to 0.7%, averaging -0.3%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 18 Aug 2026 | Q2 | -0.8% | -0.5% | 1.1% ® |
| 17 Feb 2026 | Q4 | -0.6% | -0.6% | 0.6% ® |
| 13 Nov 2025 | Q3 | 0.7% | – | -0.7% ® |
| 14 Aug 2025 | Q2 | -0.6% | -0.5% | 0.3% ® |
Why it matters
GDP's headline hides its drivers. Household spending is usually the largest part of demand; investment is the most cyclical and tells you about firms' confidence; productivity and labour costs decide whether growth can continue without inflation.
How it is calculated
the Office for National Statistics (ONS) estimates each component from surveys, tax and trade data, after inflation where noted ("real").
What changes mean
- Strong spending with weak income growth cannot last: watch the savings rate.
- Productivity growth lets wages rise without pushing up prices; unit labour costs show the opposite.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the pound sterling and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the pound sterling tends to soften and markets price in lower rates.
A short history
The components follow the expenditure approach to GDP set out by Keynesian economics in the 1930s and standardised in the System of National Accounts.
Questions
What is the United Kingdom Labour Productivity QoQ?
The United Kingdom Labour Productivity QoQ is one part of the national accounts of the United Kingdom: what households spend, what businesses invest, what they earn, or how productive workers are.
What was the latest United Kingdom Labour Productivity QoQ?
-0.8% for Q2, published on 18 August 2026 (consensus -0.5%, previous 1.1%).
When is the next United Kingdom Labour Productivity QoQ?
On Tuesday 17 November 2026 at 09:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.