What is Productivity?
Productivity is a macroeconomic indicator that measures the volume of produced goods per worker during a specific period. Analyzing productivity is essential for assessing the state of a country’s economy.
How does the publication of the Productivity indicator affect the dollar rate?
The Productivity index requires special attention from traders, as it can sometimes be interpreted in two ways. For example, during strikes or other catastrophes, the number of workers on production decreases, which increases the productivity of each worker, but this is not a positive factor.
Changes in labor productivity have a significant impact on the country’s economy, and therefore on market movements. An increase in this indicator signals an improvement in the national economy and leads to a rise in stock markets, and in non-crisis times, also the US dollar rate.
When is the US labor productivity indicator published?
- Country of publication: United States;
- Publication date: quarterly, preliminary value is published on the second Tuesday before the 10th of the month following the reporting quarter at 16:30 MSK, the final value is published one month after the preliminary value;
- Source: Bureau of Labor Statistics, U.S. Department of Labor;
- Website: http://www.bls.gov;
- Significance: medium.
Quotes
Key US Macroeconomic Indicators
- Speech by Janet Yellen (Chair of the Fed)
- Nonfarm Payrolls (NP, NFP)
- Change in employment in the non-agricultural sector from ADP (ADP Nonfarm Employment Change)
- Retail Sales in the US (Retail Sales)
FAQ
What is productivity?
Productivity is a macroeconomic indicator that measures the volume of produced goods per worker during a specific period.
How does the productivity index affect the dollar rate?
An increase in productivity signals an improvement in the national economy and leads to a rise in stock markets and the US dollar rate.
When is the US productivity indicator published?
The US productivity indicator is published quarterly, with preliminary values released on the second Tuesday before the 10th of the month following the reporting quarter at 16:30 MSK.
