Business productivity up for the first time since the start of the pandemic

Business productivity up for the first time since the start of the pandemic

DAY

For the first time since the start of the pandemic, the productivity of Canadian businesses is on the rise, according to recent data from Statistics Canada.

Since the With the introduction of containment and health measures in 2020, business productivity fell for seven consecutive quarters. But the end of some measures has enabled productivity growth for several companies.

“With the lifting of public health measures in almost all regions of the country during the second quarter, companies were able to carry out their economic activities without having to deal with the restrictions linked to the pandemic”, published Statistics Canada, Friday.

Thus, in the second quarter of 2022, business productivity increased by 0.2 %. It therefore exceeded the pre-pandemic level (+0.4%) for the first time.

More than ten sectors of activity recorded an increase, leaving only five sectors behind.< /p>

“Certain sectors, such as arts, entertainment and recreation (+20%), accommodation and food services (+14.3%) and transportation and warehousing (+ 5.3%), have rebounded significantly given the easing of health restrictions,” reads the Statistics Canada report.

These sectors have been strongly affected by the pandemic.