Growth in non-farm GDP per hour worked — a broad measure of labour productivity — has averaged 1.8 per
cent per annum since the start of the recovery, a higher rate than in the corresponding phase of the previous cycle, but slightly lower than in the 1970s cycle.
Not exact matches
A clear, although gradual, shift has occurred in respondents» medium - term inflation expectations, with the share of respondents expecting inflation to be less than 3
per cent per annum declining steadily
since early last year.
Non-mining investment, in contrast, grew by 10
per cent per annum, on average, over this period, and as a share of GDP it rose to around its average level
since 1980.