New #ONS data on #productivity (P) suggest that high P (growth in P) among the top 10% of firms is what keeps UK's anaemic P-growth, growing at all...
If it wasn't for these firms, then, the UK's productivity puzzle would not be about stagnated P-growth but decline...
As Paul Dales (Capital Economics) says: '“There appears to be something of a middle malaise, with a big number of “middle” firms having become significantly less productive'!
Most of UK's business sector is moribund!
h/t FT
Emeritus Prof Christopher May /
npub1hr…f2ktj
2023-12-11 17:28:09
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2023-12-11 17:28:09Event JSON
{
"id": "a4a8f66da14ba4dbe7b4e022d43b4255a3c50970fea0a69f5b79bbdfdc65b5d3",
"pubkey": "b8de67a365b436ce300eb1049973026143f99e3d3712b326f302b7d6f49a2902",
"created_at": 1702315689,
"kind": 1,
"tags": [
[
"t",
"ons"
],
[
"t",
"productivity"
],
[
"proxy",
"https://zirk.us/users/ChrisMayLA6/statuses/111562961018593778",
"activitypub"
]
],
"content": "New #ONS data on #productivity (P) suggest that high P (growth in P) among the top 10% of firms is what keeps UK's anaemic P-growth, growing at all...\n\nIf it wasn't for these firms, then, the UK's productivity puzzle would not be about stagnated P-growth but decline...\n\nAs Paul Dales (Capital Economics) says: '“There appears to be something of a middle malaise, with a big number of “middle” firms having become significantly less productive'!\n\nMost of UK's business sector is moribund!\n\nh/t FT",
"sig": "a90408d02c942c52faa87ec8fa3ec70a208dd8dce6bd199a285caa1f75b2adc815d217e6f19024c2011a6fd79c29c6a747345936b2de1953eee02a7e4a5f6d42"
}