Corrections were made on 1 May 2007 to the commentary and tables in the Productivity Statistics: 1988-2006 Hot Off The Press information release, published on 16 March 2007. The correction is to the labour volume series for the year ended March 2006, and results in minor changes to the 2006 labour input, labour productivity, multifactor productivity, capital to labour ratio and the total inputs. As noted, the corrections only affect the numbers for the year ended March 2006.
Labour input growth has been corrected from 0.9 percent to 0.7 percent, resulting in a higher percentage change in labour productivity of 0.7 percent in 2006 (previously published at 0.4 percent). Additionally, multifactor productivity growth has been corrected from -1.1 percent to -1.0 percent for the year ended March 2006.
Table of corrections for the year ended March 2006
| Series |
Originally published |
Corrected |
| Labour productivity (index |
1219 |
1222 |
| Labour productivity growth |
0.4 percent |
0.7 percent |
| Multifactor productivity (index) |
1125 |
1127 |
| Multifactor productivity growth |
-1.1 percent |
-1.0 percent |
| Labour input (index) |
1105 |
1103 |
| Labour input growth |
0.9 percent |
0.7 percent |
| Total inputs (index) |
1198 |
1196 |
| Total inputs growth |
2.5 percent |
2.4 percent |
| Capital-labour ratio (index) |
1205 |
1208 |
| Capital-labour ratio growth |
3.4 percent |
3.7 percent |
| Labour volume (weekly hours paid (000)) |
45,305 |
45,170 |
| Labour volume growth |
1.3 percent |
1.0 percent |
| Contribution of labour input to output growth |
0.5 percent |
0.4 percent |
| Contribution of capital deepening to labour productivity |
1.6 percent |
1.7 percent |
Because the corrections to 2006 figures are small, they do not alter any of the average annual labour productivity changes, or average annual multifactor productivity changes for 1988–2006 or 1993–2006, as originally reported in the Hot Off The Press.
The reissued Hot Off the Press highlights and commentary reflect the corrections in the table above.
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For technical information contact: |
| For media enquiries contact: |
Brendan Mai |
| Geoff Bascand |
Project Manager, Productivity Statistics |
| Deputy Government Statistician |
Wellington 04 931 4600 |
| Wellington 04 931 4600 |
Email: info@stats.govt.nz |