Singapore's labour productivity rises 0.9%
Published on May 20, 2014 8:42 PM
SINGAPORE - Labour productivity rose a meagre 0.9 per cent in the first quarter compared with a year ago, the Ministry of Trade and Industry (MTI) said on Tuesday.
Still, this was its highest level since the third quarter of 2011 and was boosted mainly by productivity gains in the manufacturing sector, which posted a 8.8 per cent rise.
This was followed by wholesale and retail trade, and finance and insurance, which both had 2.6 per cent gains.
On the other hand, the accommodation and food sector posted the biggest loss of 3.5 per cent.
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