Country Writer,
I have the feeling you are viewing "productivity" in a different manner to the RBA's.
Just a paragraph from that report you referenced:
"Productivity refers to the efficiency with which an
economy employs resources to produce economic
output."
The answer to your question is in this paragraph.
Replacing higher priced locally produced materials by lower priced overseas produced materials is a productivity gain in that it ends up with either a higher margin for the final distributors.
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