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- Labour productivity of Canadian businesses rises by 0.1% in the fourth quarter
Labour productivity of Canadian businesses rises by 0.1% in the fourth quarter
Statistics Canada released labour productivity data of Canadian businesses on Friday. The labour productivity of Canadian businesses rose by 0.1% in the fourth quarter, exceeding expectations for a flat reading, after a 0.4% rise in the third quarter. The third quarter's figure was revised up from a 0.1% gain.
The increase was driven by a rise in productivity of service-producing businesses, which was up 0.4% in the fourth quarter.
Productivity of goods-producing businesses fell 0.6%.
For 2015 as a whole, the labour productivity in Canadian businesses climbed by 0.2%, after a 2.5% rise in 2014.
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