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Mixed picture on productivity in Q4

Total economy labour productivity (€107.80 per hour) increased by 1.2% in Q4 2024 compared with Q3 2024, CSO data shows.

Labour productivity for the domestic sector (€59.60 per hour) fell by 1.8% in Q4 2024 compared with Q3 2024, while labour productivity for the foreign sector (€410.80 per hour) was up by 3.8%, the statistics show.

Total economy multi-factor productivity went up by 1.6% in Q4 2024 compared with Q3.

Use of capital

Multi-factor productivity takes into account the use of capital, as well as labour, in the production process.

Quarter-on-quarter multi-factor productivity for the domestic sector was down by 2.3%, while foreign-sector multi-factor productivity grew by 7.1%.

Multi-factor productivity for the domestic sector decreased by 2.8% in Q4 2024, compared with Q4, while foreign sector multi-factor productivity rose by 28.9%.