LABOR PRODUCTIVITY
Measurement of a nation’s economic growth; the hourly productive output of produced goods and services. Moreover, it measures the amount of real GDP produced within an hour of labor. To compute labor productivity,
Labor Productivity = Total Output / Total Productive Hours
Capital investment, technological innovation, and human capital are the main factors of growing labor productivity. A growing number of labor productivity is typically interpreted as an improvement of standard living in the country.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | May | |
| 10:00 | Ifo Business Climate Index | Jul | |
| 10:00 | Ifo Current Assessment | Jul | |
| 10:00 | IFO - Expectations | Jul | |
| 10:00 | Private Sector Credit | Jun | |
| 10:00 | M3 Money Supply | Jun | |
| 12:00 | CBI retail sales volume balance | Jul | |
| 14:30 | Durable Goods Orders | Jun | |
| 01:01 | BRC Shop Price Index | Jul |
