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 |
|---|---|---|---|
| 05:00 | Credit Card Spending | Mar | |
| 14:30 | Industrial Product Price Index | Mar | |
| 14:30 | New Housing Price Index | Mar | |
| 14:30 | Raw Materials Price Index | Mar | |
| 16:00 | Consumer Confidence | Apr | |
| 02:30 | PMI Manufacturing | Apr | |
| 02:30 | Tertiary Industry Index | Apr | |
| 02:30 | PMI Composite | Apr | |
| 08:00 | Public Sector Net Borrowing | Mar |
