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Productivity Statistics: 1978–2015
Embargoed until 10:45am  –  23 March 2016
Key facts

For the measured sector, in the year ended March 2015:

  • 4.1 percent increase in the output index
  • labour productivity rose 0.3 percent – due to stronger growth in output (up 4.1 percent) than in labour inputs (up 3.7 percent)
  • growth in capital inputs increased 3.3 percent; capital productivity was up 0.7 percent
  • multifactor productivity (MFP) grew 0.5 percent.

Graph, measured sector output and productivity indexes, average annual percentage change, year ended March 2015.

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 2008–15, average annual changes in the measured sector were:

  • 1.4 percent increase in the output index
  • labour inputs increased 0.6 percent; labour productivity rose 0.8 percent
  • capital inputs grew 2.0 percent; capital productivity fell 0.6 percent
  • MFP rose 0.2 percent.

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

Liz MacPherson, Government Statistician
ISSN 1178-0630
23 March 2016

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