Headline Outcomes
The headline outcomes are the key macroeconomic indicators that are most closely linked to the overall aims of the Industrial Strategy - creating an economy that boosts productivity and earning power throughout the UK.
In developing the series of success measures, the Council sought to strike a balance between maintaining a high-level overview of progress and being comprehensive enough to cover the aspects of the Industrial Strategy.
The long-term nature of the Industrial Strategy’s policies means that it will take time for the Industrial Strategy to move the dial on many of these metrics and will be very difficult to identify a causal link. However, the Council are confident these are the metrics that should improve in response to a successful Industrial Strategy.
Indicator 1.1.1 — Gross weekly earnings, adjusted for inflation
Indicator 1.1.2 — Gross median hourly earnings by age and generation, adjusted for inflation
Indicator 1.2.1 — Labour productivity: GVA per hour
Indicator 1.2.2 — Productivity: GDP per hour
Data gaps
Health metrics with empirical importance for productivity growth
Self-employed earnings
Natural capital (stock-based measure)
Explore the Council’s interactive data tools
Foundations
Indicators of progress towards the aims of the Industrial Strategy’s Foundations of Ideas, People, Infrastructure and Business Environment
Grand Challenges
Indicators of progress in the context of the Industrial Strategy’s Grand Challenges of Artificial Intelligence and Data, Ageing Society, Clean Growth and Future of Mobility
Sector Deals
Key macroeconomic indicators at a sectoral level