Productivity’s taken another hit. 

Stats NZ data shows a 0.9% decline in multifactor productivity in the year to March, and while labour productivity increased 0.8%, it was a result of hours dropping faster than outputs.  

Primary industries are doing the heavy lifting, with a 72% increase in goods and services per hour. 

Forsyth Barr Investment Strategist Zoe Wallis told Mike Hosking that productivity has been a long-standing issue – the current situation is about 50 years in the making, based on the data.  

We haven’t managed to turn the slow-moving ship around, she says, which will take time and a lot of cohesive policy from successive governments.  

LISTEN ABOVE 

Productivity’s taken another hit.&nbsp;
Stats NZ data shows a 0.9% decline in multifactor productivity in the year to March, and while labour productivity increased 0.8%, it was a result of hours dropping faster than outputs. &nbsp;
Primary industries are doing the heavy lifting, with a 72% increase in goods and services per hour.&nbsp;
Forsyth Barr Investment Strategist Zoe Wallis told Mike Hosking that productivity has been a long-standing issue – the current situation is about 50 years in the making, based on the data. &nbsp;
We haven’t managed to turn the slow-moving ship around, she says, which will take time and a lot of cohesive policy from successive governments. &nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Zoe Wallis: Forsyth Barr Investment Strategist on productivity data continuing to decline post-Covid

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f8498b45-65d0-4507-84d5-b435015f8175/transcript