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Productivity Statistics: 1978–2014
Embargoed until 10:45am  –  30 June 2015
Key facts

For the measured sector, in the year ended March 2014:

  • A 2.5 percent increase in the output index was largely driven by strong output growth in the construction industry.
  • Labour productivity increased 1.4 percent – due to stronger growth in output (up 2.5 percent) than in labour inputs (up 1.2 percent).
  • Growth in capital inputs increased 2.9 percent; capital productivity declined 0.3 percent.
  • Multifactor productivity (MFP) grew 0.6 percent.

Graph, Measured sector's output and productivity indexes, percentage change, year ended March 2008 to 2014.

Productivity is best observed in growth cycles (the span of years between the peak of one cycle and that of the following cycle). Over the current incomplete cycle, 2008–14, average annual changes in the measured sector were:

  • 1.0 percent increase in the output index
  • Labour inputs fell 0.1 percent; labour productivity rose 1.0 percent.
  • Capital inputs grew 2.0 percent; capital productivity fell 1.1 percent.
  • MFP rose 0.1 percent.

The measured sector series begins in 1996 – includes all industries except public administration and safety, education and training, health care and social assistance, and ownership of owner-occupied dwellings.

Colin Lynch, Acting Government Statistician
ISSN 1178-0630
30 June 2015

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