(PRWEB) July 07, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that according to the PwC Productivity Scorecard, national labor productivity grew by 1.1% in the March quarter 2012.
Big4.com also notes that the strongest growth was seen in Victoria, although all states and territories experienced positive labor productivity growth. The only exception was Queensland.
Big4.com notes labor productivity in manufacturing has grown over the past decade at a rate of 1.4%. This is slightly below the market sector average of 1.5% and also below the non-mining market average of 1.7%. Challenges facing Australian manufacturing include the high Australian Dollar and high wages growth.
The PwC Productivity Scorecard is a national quarterly analysis of labor productivity by state and territory and across 16 key industries.
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