Productivity still on the mend

Productivity has continued to recover, showing positive growth for the fourth straight year to stand at its long term average, the Productivity Commission says.

In its latest update, it says productivity grew by 0.8 per cent in 2014/15 as a result of 2.8 per cent output growth and two per cent growth in inputs.

Productivity in seven out of the 12 market sector industries improved, led by mining at 5.5 per cent and information, media and telecommunications at 4.5 per cent.