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Labour Productivity QoQ

Name: Labour Productivity QoQ
Creator: TipRanks

The 'Labour Productivity QoQ' in the UK measures the change in output per hour worked or per worker from one quarter to the next. It is significant because it reflects the efficiency and competitiveness of the economy, influencing wage growth, inflation, and overall economic health. Higher productivity can lead to increased profits for businesses and potentially higher wages for workers, impacting consumer spending and investment. Financial markets closely watch this metric as it can affect monetary policy decisions by the Bank of England.