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Weak British Productivity Ticks Up At The End Of 2013

wochit business
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April 01, 2014 AT 7:34 AM
Britain's productivity returned to modest growth towards the end of last year, raising hopes that 2014 will bring an end to years of bafflingly low levels of output that have hindered the economic recovery. The Office for National Statistics said on Tuesday that productivity on an output-per-hour basis was up 0.3 percent from October through December, reversing a 0.2 percent drop in the third quarter, and rose 0.7 percent on the year-ago period.