Slight Uptick in Productivity for Australia, but Long Term Growth Still Wanting

‘Australia’s productivity returning to 2019 levels is no cause for complacency,’ the Productivity Commission said.

Two men work on a residential house construction in Albany, Western Australia, on Sept. 18, 2023. Susan Mortimer/The Epoch Times

A recent uptick in Australia’s labour productivity has been welcomed, but the Productivity Commission is still cautious given the country has endured nearly a year of low productivity.

According to the Productivity Commission’s Dec. 20 bulletin, labour productivity rose 0.9 percent in the September quarter for the first time since March 2022.