Canadá - Productividad

Labour productivity of Canadian businesses increased 0.2 percent in the second quarter of 2019, easing from an upwardly revised 0.4 percent gain in the first quarter and worse than market expectations of a 0.3 percent increase. Hours worked rebounded (0.8 percent vs -0.4 percent in Q1), while growth in business output also accelerated, surpassing the gain in hours worked. The real GDP of business accelerated (2.3 percent vs 1.5 percent), with mining, quarrying, and oil and gas extraction sector contributing the most to the gain. The productivity increase in the second quarter was mainly attributable to goods-producing businesses (0.6 percent) while in service-producing business declined 0.2 percent.

Labour productivity of Canadian businesses rose 0.3 percent in the first quarter of 2019, rebounding from a 0.4 percent fall in the previous period and matching market expectations. The rise in productivity reflected the decline in hours worked following seven consecutive quarterly gains, while business output remained virtually unchanged. The real GDP of business output dropped 0.1 percent for the second straight quarter, as the decrease in the output of goods-producing businesses (-0.6 percent) offset the growth in service-producing businesses (+0.4 percent). Hours worked in the business sector went down 0.3 percent, after increasing 0.4 percent in Q4. It was the first decline in hours worked in two years, as hours worked fell at a similar pace in both goods-producing (-0.3 percent) and service-producing (-0.4 percent) businesses. The increase in productivity in Q1 was due to service-producing businesses (0.7 percent) while in goods-producing businesses productivity fell 0.3 percent.

Labour productivity of Canadian businesses decreased 0.4% in the fourth quarter 2018, after a downwardly revised 0.2% rise in the previous period and against market expectations of a 0.2% gain. This decline reflected the continued growth in hours worked, while business output remained at about the same level as in the previous quarter. The real GDP of business was unchanged in Q4, following nine quarterly increases. The output growth in services-producing businesses (0.5%) was offset by a decline in the output of goods-producing businesses (-0.9%). Hours worked in the business sector rose 0.4% in the Q4, following a 0.3% increase in Q3. Hours worked increased in both goods-producing (1.1%) and services-producing businesses (0.1%). Productivity fell further in goods-producing businesses (-1.9% from -0.1%) while it increased faster in services-producing businesses (0.4% from 0.2%). In 2018, labour productivity of Canadian businesses was unchanged, following a 1.9% increase in 2017.