Labor productivity in the United Kingdom increased in the first quarter after falling in the previous quarter, data from the Office for National Statistics showed on Tuesday.The labor productivity, which is measured by output per hour worked, rose 0.9 percent quarterly in the three months ending March, reversing a 0.5 percent decrease in the fourth quarter of 2025.Based on output per worker, produ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.