Whole financial system labour productiveness stood at €97.10 per hour, down by 2.3pc within the interval in contrast with the earlier quarter.
Labour productiveness describes the quantity of output per hour labored in a sector. The autumn within the closing quarter of 2023 confirmed that the financial system was much less environment friendly in comparison with the earlier quarter.
Regardless of this lower, Eire had the very best labour productiveness of the European Union within the quarter.
Labour productiveness was above Luxembourg at €91.40 per hour. It was additionally greater than double the EU common of €41.30.
In Spain, labour productiveness was beneath common at €34.30, whereas the equal measure in France stood at over €50.
The report discovered that labour productiveness for the overseas sector was down by 0.2pc and was round €381.00 per hour.
International-owned multinational-dominated sectors embrace these the place turnover from multinationals is greater than 85pc of sector complete. This consists of pharma corporations and IT companies, the CSO mentioned.
Labour productiveness within the home sector was up barely, by 0.1pc, in the identical interval to €53.80 per hour.
This was pushed by will increase in output in sectors equivalent to home manufacturing and storage, the information confirmed.
Different home sectors recorded decreases in productiveness, together with building, vitality and water.
Hours labored rose in vitality and water industries, in addition to wholesale and retail. In the meantime, building and transport and storage recorded a decline within the variety of hours labored within the final three months of 2023.
Multifactor productiveness – a extra detailed measure of total productiveness together with labour, capital and different components – fell by 2.8pc within the closing quarter of the yr.
Home sector multifactor productiveness (MFP) was up by 0.2pc, whereas overseas sector MFP fell by 5.6pc.
The CSO famous that globalisation had contributed to a 29.1pc progress within the overseas sector MFP since 2019, whereas home progress rose by 7.4pc in the identical interval.
The overseas sector has a “appreciable affect” on productiveness measures for the whole financial system, CSO statistician Doireann O’Brien mentioned.
“Whereas actions in productiveness ought to typically be seen over an extended time interval, these outcomes present probably the most up-to-date image on productiveness within the Irish financial system to maintain policymakers, economists, and the broader public as knowledgeable as doable,” she mentioned.
