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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Labour Costs QoQ fell to 0.4% in Q4 2017
FMPMonthlyReleased January 2018
United Kingdom Labour Costs QoQ fell to 0.4% in Q4 2017, released January 2018, down 0.3% from November's 0.7% reading.
Latest Release
0.400000
Actual
—
Consensus
0.700000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Labour Costs QoQ (United Kingdom) was reported at 0.4% in January 2018. The reading fell from the previous value of 0.7%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CBI Industrial Trends Orders (Aug 20) and Consumer Confidence (Aug 20).
Auto-generated from current model state · Refreshes on each release · Last update January 2018.
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Labour Costs QoQ - UK
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About Labour Costs QoQ — United Kingdom
DEFINITION
Labour Costs QoQ (Quarter over Quarter) is a financial indicator that measures the change in the total cost of labor for businesses from one quarter to the next. It provides valuable insights into the trends and fluctuations in labor expenses, which can impact a company's profitability and overall financial performance. This indicator is often used by investors, analysts, and policymakers to assess the health of the labor market and make informed decisions about investments and economic policies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2017): actual 0.4 %.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
Σ
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Economic Calendar - UK Events
| Wednesday, August 19, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | Core Inflation Rate MoM | 0.2 | 0.3 | 0.1 | 0.15 | Low |
| 06:00 | UK | PPI Output YoY | 3.1 | 3.5 | 3.2 | 3.15 | Low |
| 06:00 | UK | Retail Price Index YoY | 3.2 | 3 | 3.3 | 3.25 | Low |
| 06:00 | UK | PPI Core Output MoM | 0.6 | 0.5 | 0.5 | 0.55 | Low |
| 06:00 | UK | PPI Output MoM | 0.2 | -0.1 | 0.2 | 0.20 | Low |
| 06:00 | UK | Inflation Rate MoM | 0.3 | 0.1 | 0.3 | 0.30 | Medium |
| 06:00 | UK | PPI Input YoY | 4.9 | 7.4 | 6.6 | 5.75 | Low |
| 06:00 | UK | PPI Core Output YoY | 2.8 | 2.6 | 2.7 | 2.75 | Low |
| 06:00 | UK | Inflation Rate YoY | 2.9 | 2.6 | 2.9 | 2.90 | High |
| 06:00 | UK | Retail Price Index MoM | 0.6 | 0.3 | 0.8 | 0.70 | Low |
| 06:00 | UK | PPI Input MoM | -1.7 | -1.9 | 0 | -0.85 | Low |
| 06:00 | UK | Core Inflation Rate YoY | 2.6 | 2.6 | 2.5 | 2.55 | Medium |
| 06:00 | UK | Core CPI YoY | 2.6 | 2.6 | 2.5 | 2.55 | Low |
| 06:00 | UK | Core CPI MoM | 0.2 | 0.3 | 0.1 | 0.15 | Low |
| 06:00 | UK | CPI MoM | 0.3 | 0.1 | 0.3 | 0.30 | Medium |
| 06:00 | UK | CPI YoY | 2.9 | 2.6 | 2.9 | 2.90 | High |
| 08:30 | UK | House Price Index YoY | 2 | 2.7 | 1.9 | 1.95 | Low |
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 10:00 | UK | CBI Industrial Trends Orders | -45 | -40 | -40.50 | Medium | |
| 23:01 | UK | Consumer Confidence | -17 | -18 | -15.50 | Medium | |
| Friday, August 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | UK | Retail Sales Ex Fuel YoY | 5.4 | 3.3 | 3.10 | Low | |
| 06:00 | UK | Retail Sales Ex Fuel MoM | 1.1 | -0.5 | -0.55 | Low | |
| 06:00 | UK | Public Sector Net Borrowing | -16 | 0 | -1.70 | Low | |
| 06:00 | UK | Retail Sales YoY | 4.2 | 2.2 | 2.10 | Medium | |
| 06:00 | UK | Retail Sales MoM | 1 | -0.5 | -0.85 | High | |
| 08:30 | UK | S&P Global Manufacturing PMI | 51.9 | 51.5 | 51.85 | High | |
| 08:30 | UK | S&P Global Services PMI | 52.1 | 51.8 | 49.90 | High | |
| 08:30 | UK | S&P Global Composite PMI | 52.2 | 51.6 | 50.05 | Low | |