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While the long-term trends in North Sea production are clear, it is possible that the decline in productivity in business services will recover as demand increases.
An import price shock generates a significant decline in productivity.
The second is a persistent decline in productivity growth over the last dozen years.
Certainly the boom in mining investment actually led to a decline in productivity in that sector.
Its main conclusions are that the decline in productivity is mainly cyclical.
But the biggest reason for the decline in productivity growth was the actual boom in mining investment.
Thus the 1.2percentt decline in productivity last quarter, if it is more than a cyclical blip, is worrisome.
Furthermore, mandatory reporting firms in our study experienced a significant 2.5% decline in productivity relative to the control group.
Economists polled by Reuters had expected the decline in productivity to be revised to a 1.6 percent rate.
However, increased productivity with management was not sufficient to prevent an overall decline in productivity under the high emission scenario.
Mr. Evans said it was hard to know whether the drug industry was merely in a cyclical lull or whether it suffered from a systemic decline in productivity.
More suggestions(16)
decline in output
decline in yields
declined in productivity
decline in factors
decline in productive
decline in functions
decreases in productivity
decline in industries
decline in levels
declining in productivity
decline in increased
decline in associated
reductions in productivity
decline in competitiveness
reduction in productivity
decline in production
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com