UK unit labour costs for Q3 2017 5 January 2018
- Prior revised to 1.7%
- 0.4% vs 0.7% prior q/q
- Output per hour 0.8% vs 0.1% prior y/y
- 0.9% q/q
- Q3 productivity increase is the largest since Q2 2011
- Rise in labour cost growth the weakest since Q2 2015
The quid has dropped before the numbers came out but this data is not usually marklet moving.