Total labour productivity drops 1.1% in first three months of 2024

Multifactor productivity for the Domestic sector rose by 2.2%, while Foreign sector multifactor productivity fell by 0.6%, the CSO said

Total Economy multifactor productivity increased by 1% in the first three months of 2024 compared with the previous quarter.

Total Economy labour productivity dropped by 1.1% in the first three months of 2024, falling to €99.70 per hour compared with the previous quarter, latest figures from the Central Statistics Office (CSO).

Labour productivity for the Domestic sector grew to €59.40 per hour between January and March 2024, up by 0.8% compared to the previous three month period, while labour productivity for the Foreign sector dropped to €356.20 per hour, reflecting a fall of 5.1%.