U.S and European Market jumped on positive Important Economic Data of U.S that came from United States yesterday.
1. Nonfarm Productivity (QoQ) @ 3%, Forecast @ 2.8%, Previous @ 1.9%
Note:- Nonfarm Productivity measures the annualized change in labor efficiency when producing goods and services, excluding the farming industry. Productivity and labor-related inflation are directly linked-a drop in a worker's productivity is equivalent to a rise in their wage.
2. Unit Labor Cost (QoQ) @ -1.4%, Forecast @ -1.3%, Previous @ -0.6%
Note :- Unit Labor Costs measure the annualized change in the price businesses pay for labor, excluding the farming industry. It is a leading indicator of consumer inflation.
3. Capacity Utilization Rate @ 79.0%, Forecast @ 78.4%, Previous @ 78.2%
Note:- The Capacity Utilization Rate is the percentage of production capacity being utilized in the U.S.(available resources includes factories, mines and utilities). Capacity Utilization reflects overall growth and demand in the economy. It can also act as a leading indicator of consumer price inflation
4. Industrial Production (MoM) @ 1.1%, Forecast @ 0.5%, Previous @ 0.1%
Note:- Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
1. Nonfarm Productivity (QoQ) @ 3%, Forecast @ 2.8%, Previous @ 1.9%
Note:- Nonfarm Productivity measures the annualized change in labor efficiency when producing goods and services, excluding the farming industry. Productivity and labor-related inflation are directly linked-a drop in a worker's productivity is equivalent to a rise in their wage.
2. Unit Labor Cost (QoQ) @ -1.4%, Forecast @ -1.3%, Previous @ -0.6%
Note :- Unit Labor Costs measure the annualized change in the price businesses pay for labor, excluding the farming industry. It is a leading indicator of consumer inflation.
3. Capacity Utilization Rate @ 79.0%, Forecast @ 78.4%, Previous @ 78.2%
Note:- The Capacity Utilization Rate is the percentage of production capacity being utilized in the U.S.(available resources includes factories, mines and utilities). Capacity Utilization reflects overall growth and demand in the economy. It can also act as a leading indicator of consumer price inflation
4. Industrial Production (MoM) @ 1.1%, Forecast @ 0.5%, Previous @ 0.1%
Note:- Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
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