Australia's productivity performance improved in the June quarter, but weak capital investment is still holding back growth in living standards, the Productivity Commission says.

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Growth in labour productivity - or doing more with less - accelerated to 0.3 per cent in the three months to June 30, the commission reported in its quarterly bulletin.

It's a welcome improvement after the measure, considered a key ingredient to rising living standards, failed to grow in the first three months of the year.

The commission's deputy chair Alex Robson said it would be "premature to say Australia's productivity malaise has passed".

"While this is good

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