For the measured sector in in the year ended March 2013:
- Labour productivity increased 2.1 percent.
- This was due to more growth in output (up 2.4 percent) than in labour input (up 0.3 percent).
- Capital inputs grew by 2.4 percent.
- Capital productivity increased by 0.1 percent.
- Multifactor productivity (MFP) grew 1.2 percent.
Productivity is best observed in growth cycles. Growth cycles are the span of years between the peak of one cycle and the peak of a following cycle. Over the current incomplete cycle (2008 to 2013), average annual changes in the measured sector were:
- Labour productivity rose 1.5 percent.
- Output rose 0.8 percent and labour input fell 0.6 percent.
- Capital inputs grew by 2.2 percent.
- Capital productivity fell 1.4 percent.
- MFP rose 0.2 percent.
The measured sector includes all industries except public administration and safety, education and training, health care and social assistance and ownership of owner-occupied dwellings.
| Liz Macpherson
||18 March 2014
| Government Statistician