Economics
U.K. Productivity Puzzle Continues With Smallest Rise Since 2016
- Output per hour rises 0.2% on year; services worst performer
- Poor productivity seen generating inflationary pressures
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U.K. productivity rose at the slowest pace in two years between July and September, disappointing news for policy makers seeking to tackle a decade of stagnation.
Output per hour increased just 0.2 percent compared with the third quarter of 2017, the Office for National Statistics said on Wednesday. While manufacturing saw an increase of 1.7 percent, the dominant services industry achieved only 0.1 percent.