High Productivity / Low Unit Labour Costs
The latest UK figures show that manufacturing productivity in Wales is 8.6% above the UK average, whilst wages and salaries remain marginally below average.
The combination of manufacturing productivity / wages / salaries, produces what is known as Unit Labour Costs (ULC) - the labour cost necessary to produce a standard unit of output. Wales has the lowest regional manufacturing ULC of any UK region. Although the lower than average wages and salaries affect this figure, the higher productivity of the Welsh workforce is of far greater significance.
North East Wales
North East Wales, where Wrexham is situated, has the second highest productivity rate in the whole of Wales (118% of the UK average) and the third lowest ULC (13.2% below the UK average). These factors undoubtedly reinforce the attractiveness of the area as a location for manufacturing industries.