More working hrs but productivity fell 0.7% in 2022-Istat – English

(ANSA) – ROME, DEC 1 – In 2022, labour productivity decreased
by 0.7%, as a result of an increase in hours worked that was
greater than that of added value (+4.8% and +4.1% respectively),
stats agency Istat said Friday in its report ‘Productivity
Measures. Years 1995-2022’.

   
The negative trend in labour productivity follows a long period
of growth, albeit slow, 0.5% on average in the years 2014-2022,
said the national statistics institute.

   
In this time span, a growth of 1.3% was recorded in the EU27.

   
Italy’s dynamic was lower than that of Germany (1.1%) but higher
than that of France (-0.1%) and in line with that of Spain.

   
(ANSA).