- Prior was +2.2% (revised to 2.0%)
- Productivity prelim -0.8% vs -0.7% expected
- Prior productivity +1.5% (revised to +1.7%)
There is an inflationary impulse in these numbers but it’s a tough report to extrapolate from because it’s choppy and more of a lagging indicator than a leading one.
This article was written by Adam Button at www.forexlive.com.
