Output per job continues its downward trend in q3 2015

Output per job (gross value added divided by jobs within the sector) continued its fall within fashion and textiles manufacturing in q3 2015 to stand at 84.7 on the index (2012 = 100). Wider manufacturing also saw falls to 98.7 from 98.7 whilst the economy as a whole saw no change to sit at 102.3.

Figure 1: Output per job (2012 = 100)

Output per job q3 2015

Source: Office for National Statistics   n.b (The measure of output used in these statistics is the chain volume (real) measure of Gross Value Added (GVA) at basic prices)

The fall in fashion and textiles manufacturing per job within the index, could be attributed to the robust employment numbers within the sector. Since 2011, job growth has been steady in the sector meaning GVA would have to increase at the same rate at its current average to maintain its index position.

 


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