Labour productivity of Canadian businesses rose 0.7% in the second quarter, the highest growth since the first quarter of 2017 (+1.4%). This follows a 0.3% decrease in the first quarter.

The productivity rebound in the second quarter reflected an acceleration of growth in business output, while hours worked were essentially unchanged.

Real gross domestic product (GDP) of businesses rose 0.7% in the second quarter, after increasing 0.3% in the first quarter. Growth in the real GDP of businesses accelerated for both goods-producing and service-producing businesses. Mining, quarrying, and oil and gas extraction was the main source of the overall gain, with professional services, wholesale trade, retail trade and transportation and warehousing services also contributing.