Productivity, Wholesale Inventories, Trade Balance and Jobless Claims |
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Productivity and ULC (1Q08, Wednesday 8:30 ET) F: 1.3, 1.7% C: 1.7, 2.6% P: 1.9, 2.6% As GDP figures suggested, productivity likely expanded 1.3% in the first quarter. This is equivalent to a 3.0% change on a year-over-year basis, still above productivity’s long-term trend, estimated at 2-2.5%. Productivity could decelerate significantly or even decrease in the second quarter due output contraction –we expect GDP to
Filed under: Fundamental
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