Figure 1: Multi-factor productivity made a negative contribution to output growth; labour composition growth has flatlined
Decomposition of cumulative quarterly output growth, Quarter 1 (Jan to Mar) 2008 to Quarter 2 (Apr to June) 2019, UK, market sector
Source: Office for National Statistics
- Output growth is the cumulative quarter-on-quarter log change in market sector gross value added (GVA).
- Columns show contributions of components, calculated by weighting log changes in each component by its factor income share.
- MFP is calculated by residual.
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