Report: Sources of Productivity Growth Differ in U.S., Canada
In Canada, the more intense use of intermediate inputs, such as parts and materials, was a more important source of labor productivity growth than it was in the U.S. In the U.S., investment in capital and multifactor productivity growth (or the efficiency with which capital, labor and intermediate inputs are used in production) were the key factors.
According to the report, labor productivity in the manufacturing sectors of both countries increased at an annual average rate of 3.2 percent.
In Canada, the deepening ...
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.