Although output per hour dipped by 0.5 per cent between April and June, it was up 3.1 per cent when compared with the same quarter a year ago. Output per hour is now 0.6 per cent above the 2019 average, according to the latest data from the Office for National Statistics. SponsoredAt first glance, the figures suggest that the country’s economic potential has escaped long-lasting damage, but the numbers are being distorted by an “allocation” caused by furlough. “The coronavirus pandemic has led to some less productive industries shrinking. Meanwhile, more productive industries now make up a proportionately larger share

Source: The Times August 17, 2021 23:03 UTC