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(U2) Back Above Bear Trigger

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Trend Outlook Is Bullish

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Release for:  Fourth Quarter 2017  (revised)
Source:  U.S. Department of Labor
Output per hour of all persons; index 2009=100
Percent changes calculated from original data rather than indexes
                                4Q-17  3Q-17  2Q-17  1Q-17  4Q-16  3Q-16
Business
 % chg from prev qtr             -0.8    3.2    1.6   -0.7    1.8    2.6
 % chg yr/yr                      0.8    1.5    1.3    1.1    1.0   -0.2
 Index                          108.5  108.7  107.9  107.5  107.6  107.2
Nonfarm business
 % chg from prev qtr              0.0    2.6    1.7    0.2    1.1    2.4
 % chg yr/yr                      1.1    1.4    1.3    1.1    0.8   -0.2
 Index                          108.7  108.8  108.1  107.6  107.6  107.3
Manufacturing
 % chg from prev qtr              6.0   -4.7    3.6   -0.2    2.1   -0.9
 % chg yr/yr                      1.1    0.1    1.1    0.1    0.5   -0.5
 Index                          109.1  107.5  108.8  107.9  107.9  107.4
Durable manufacturing
 % chg from prev qtr              8.1   -4.7    5.2   -1.1    2.5    0.6
 % chg yr/yr                      1.8    0.4    1.8    0.9    1.2   -0.2
 Index                          115.1  112.9  114.2  112.8  113.1  112.4
Nondurable manufacturing
 % chg from prev qtr              3.4   -5.2    0.8    1.5    1.4   -3.1
 % chg yr/yr                      0.1   -0.4    0.2   -1.1   -0.4   -1.0
 Index                          105.1  104.2  105.6  105.4  105.0  104.6
Nonfinancial corporations
 % chg from prev qtr             #N/A    0.2    3.6    2.1   -4.6    5.8
 % chg yr/yr                     #N/A    0.3    1.6    0.3   -0.1    0.6
 Index                           #N/A  109.0  108.9  107.9  107.4  108.6
     ** MNI Washington Bureau: (202) 371-2121 **
[TOPICS: MAUDT$,MAU4P$]

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