UK productivity rises, giving some relief to Bank of England
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British workers' productivity showed a long-awaited improvement in the third quarter of this year, official data showed on Wednesday, giving some encouragement to the Bank of England as it holds interest rates at a record low.
Output per hour worked rose 0.6 per cent in the third quarter compared with the previous three months, the first increase in quarterly terms since the April-June period of last year and the biggest rise in more than three years.
Output per hour worked rose 0.6 per cent in the third quarter compared with the previous three months, the first increase in quarterly terms since the April-June period of last year and the biggest rise in more than three years.
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First Published: Dec 25 2014 | 12:14 AM IST