SummaryCapital services are the flow of services into the production of output that are generated by the capital stock, as opposed to the stock of capital itself. As such, capital services are the measure of capital input that is more suitable for analysing and modelling productivity (see Long...

SummaryQuality‐adjusted labour input (QALI) is a measure of labour input which takes account of the quality of the workforce as well as volume of hours worked. It provides a more complete picture of the input of labour to the production process than traditional measures, which focus only on the...

This article showcases ongoing work within ONS to develop a new unit labour costs indicator for the UK by building upon the existing unit wage costs series. It begins by examining the concept of unit wage costs, describing what the series aims to measure and explaining some of the conceptual...

Presents updated experimental capital services estimates for the whole economy, market sector and non-oil sectorCapital services are the flow of services into the production of output that are generated by the capital stock, asopposed to the stock of capital itself. As such, capital services are...

This quarter, the regional economic indicators article focuses on household income. The regular part of the article then gives an overview of the economic activity of UK regions in terms of their gross value added (GVA), GVA per head and labour productivity. This is followed by a presentation of...