5260.0.55.002 - Estimates of Industry Multifactor Productivity, 2013-14
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 05/12/2014
|Page tools: Print Page Print All|
ANALYSIS OF RESULTS
PRODUCTIVITY MEASURES, Quality adjusted hours worked basis
INDUSTRIESIn 2013-14, eight of 16 industries recorded positive MFP growth, on a quality adjusted hours worked basis. Significant MFP growth was recorded for Arts and recreation services (+5.3%), Rental, hiring and real estate services (+4.5%) and Administrative and support services (+4.3%). The strongest MFP declines were for Other services (-5.8%), Electricity, gas, water and waste services (-5.2%) and Transport, postal and warehousing (-3.4%).
In 2013-14, on a quality adjusted hours worked basis, labour productivity (LP) growth was particularly strong for Information, media and telecommunications (+13.6%) and Arts and recreation services (+8.1%), mainly due to declines in labour inputs. Labour productivity growth for Mining was also significant (+7.9%), mainly due to gross value added increasing by 9.1% in 2013-14.
PRODUCTIVITY GROWTH, 2013-14, By Market Sector Industries, Quality adjusted hours worked basis
Note: The reported percentage changes are based on natural log growth x 100.
These documents will be presented in a new window.