Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Productivity Statistics: 1988−2006 Revised 1 May 2007 – See attached Erratum
Embargoed until 10:45am  –  01 May 2007
Erratum

Corrections were made on 1 May 2007 to the commentary and tables in the Productivity Statistics: 1988-2006 Hot Off The Press information release, published on 16 March 2007. The correction is to the labour volume series for the year ended March 2006, and results in minor changes to the 2006 labour input, labour productivity, multifactor productivity, capital to labour ratio and the total inputs. As noted, the corrections only affect the numbers for the year ended March 2006. 

Labour input growth has been corrected from 0.9 percent to 0.7 percent, resulting in a higher percentage change in labour productivity of 0.7 percent in 2006 (previously published at 0.4 percent). Additionally, multifactor productivity growth has been corrected from -1.1 percent to -1.0 percent for the year ended March 2006.

Table of corrections for the year ended March 2006

Series Originally published Corrected
Labour productivity (index 1219 1222
Labour productivity growth 0.4 percent 0.7 percent
Multifactor productivity (index) 1125 1127
Multifactor productivity growth -1.1 percent -1.0 percent
Labour input (index) 1105 1103
Labour input growth 0.9 percent 0.7 percent
Total inputs (index) 1198 1196
Total inputs growth 2.5 percent 2.4 percent
Capital-labour ratio (index) 1205 1208
Capital-labour ratio growth 3.4 percent 3.7 percent
Labour volume (weekly hours paid (000)) 45,305 45,170
Labour volume growth 1.3 percent 1.0 percent
Contribution of labour input to output growth 0.5 percent 0.4 percent
Contribution of capital deepening to labour productivity 1.6 percent 1.7 percent

Because the corrections to 2006 figures are small, they do not alter any of the average annual labour productivity changes, or average annual multifactor productivity changes for 1988–2006 or 1993–2006, as originally reported in the Hot Off The Press.

The reissued Hot Off the Press highlights and commentary reflect the corrections in the table above.

  For technical information contact: 
 For media enquiries contact: Brendan Mai 
 Geoff Bascand Project Manager, Productivity Statistics 
 Deputy Government Statistician Wellington 04 931 4600 
 Wellington 04 931 4600 Email: info@stats.govt.nz
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+