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Investors Prepare For PPI Inflation

Q2 Nonfarm Productivity Preview -...>

US DATA PREVIEW
US DATA PREVIEW: Q2 Nonfarm Productivity Preview - 08:30 EDT/13:30 BST
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- Nonfarm productivity is expected to rise by 1.4% based on the Bloomberg
consensus and by 1.5% based on an MNI survey of analysts. This follows a 3.4%
surge in the previous quarter and reflects slower output growth in the current
quarter.
- As a result of the slower pace of productivity growth and faster compensation
growth based on monthly earnings data, unit labor cost growth is expected to
accelerate to a 1.9% rate after declines in the previous two quarters.