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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Labour Productivity QoQ climbed to 0.9% in Q1 2026
FMPMonthlyReleased May 2026
United Kingdom Labour Productivity QoQ climbed to 0.9% in Q1 2026, released May 2026, up 1.4% from December's -0.5% reading. The print exceeded the -0.3% consensus by 1.2%. The print is running well above the 12-month average of -0.08%. Labour Productivity QoQ is now the highest in 48 months.
Latest Release
0.9
Actual
-0.3
Consensus
-0.5
Previous
Median Absolute Error
±0.5 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.3
Actual: 0.9
Error: -1.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Labour Productivity QoQ (United Kingdom) was reported at 0.9% in May 2026. This beat the market consensus of -0.3% by 1.2%. The reading rose from the previous value of -0.5%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 0.33%, up from the prior three at 0.27%. In May readings over the past 3 years, Labour Productivity QoQ has averaged 0.43%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.5%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Labour Productivity QoQ - UK
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About Labour Productivity QoQ — United Kingdom
DEFINITION
Labour Productivity QoQ is a financial indicator that measures the change in the amount of goods or services produced per hour worked in a given quarter. It provides valuable insights into the efficiency and effectiveness of a country's workforce and can be used to assess the overall health and growth of an economy. A positive QoQ (quarter-over-quarter) change in labour productivity indicates an increase in output per hour worked, while a negative change may suggest a decline in productivity. This indicator is closely monitored by economists, policymakers, and investors as it can impact economic growth, inflation, and wages.
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 (Jan 2026): actual 0.9 %, consensus -0.3 %. Prior reading (Oct 2025): -0.6 %. Before that (Jul 2025): 0.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.