US Productivity Prints Consecutive YoY Declines For First Time In 23 Years

Posted by ZeroHedge

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After a recession-signalling three straight quarters of decline, Q3 prleminary productivity data showed a huge 3.1% surge QoQ – the biggest jump since Q3 2014. However, the jump was not enough to regain annual gains as year-over-year productivity declined 0.04%. This is the first consecutive annual decline since 1993.

After the longest streak of declines since 1979, US productivity surged in Q3…

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