Productivity rises for the first time in seven quarters
Labour productivity of Canadian businesses rose 0.4% in the fourth quarter, after falling 0.5% in the third quarter. This was the first gain since the first quarter of 2022 (+1.0%).
Without increasing the hours worked, businesses were able to increase their output in the fourth quarter, resulting in productivity growth.
Real gross domestic product (GDP) of businesses rebounded 0.4% in the fourth quarter, after decreasing 0.4% the previous quarter.
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