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Mackenzie said that while productivity gains meant BHP's production would creep up, the miner had no plans to invest in any major iron ore projects going forward.
Costs rose while productivity plummeted.
While productivity fell, the acreage under cultivation remained steady.
Productivity in the manufacturing of durable goods fell 2.4percentt, while productivity in nondurable goods fell 2percentt.
Unemployment and growth rates here are among the worst in the country, while productivity has been about 20 percent lower.
"In the last few years, the private sector has improved its productivity by around 20%, while productivity in the public sector has fallen by 3%.
"While productivity and corporate profits are up, the fruits of that success just haven't reached many of our families," she said.
In the 30 years to 2011 it grew on average by just 2.4% a year, while productivity fell by 0.7% a year.
The Tequila crisis led to an immediate fall of about 20% in Mexican wages (more in dollar terms), while productivity kept going up.
It appears that firms take advantage of opportunities to restore profit margins either by maintaining their selling prices while productivity rises or by raising those prices.
The resulting inflows distorted economic activity, boosted peripheral wages while productivity lagged, and gave some southern governments an overoptimistic sense of their fiscal situation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com