Falling efficiency in manufacturing was entirely to blame for the drop in productivity. Productivity in the service sector rose Oli Scarff / Getty ImagesOutput per hour worked fell sharply in the 12 months after Britain voted to leave the European Union, according to official figures, raising fresh concerns about the country’s poor productivity record. Compared to the previous quarter output per hour worked was down by 0.1 per cent, the second successive quarterly fall. The fall was entirely the result of a sharp drop in labour efficiency in the manufacturing sector. Productivity is regarded as a key measure of economic health because it is one of the…

Source: The Times October 06, 2017 11:03 UTC