Chart 1
Business output declines for the first time in seven quarters, while growth in hours worked slows

quarterly % change -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 Q3 2023 Q4 Q1 Q2 2024 Q3 Q4 Q1 Q2 2025 Real gross domestic productReal gross domestic product Labour productivityLabour productivity Hours workedHours worked
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Chart description


This is a combined line chart.

Business output declines for the first time in seven quarters, while growth in hours worked slows, quarterly % change
  Real gross domestic product Labour productivity Hours worked
Third quarter 2023 -0.4 -0.4 -0.1
Fourth quarter 2023 0.4 0.8 -0.4
First quarter 2024 0.3 -0.3 0.6
Second quarter 2024 0.5 -0.2 0.7
Third quarter 2024 0.5 -0.2 0.7
Fourth quarter 2024 0.6 1.2 -0.5
First quarter 2025 0.5 -0.1 0.6
Second quarter 2025 -0.7 -1.0 0.3
Source(s):
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