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Preliminary productivity for the fourth quarter fell 0.6%, which was worse than economists' forecasts of a 1% increase.
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preliminary U.S. Productivity: 3d Qtr.
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Elsewhere, preliminary second-quarter productivity shot up 5.7%.
Meanwhile, the preliminary first-quarter productivity rose 1.6%, which was much weaker than the 2.5% increase economist were looking for.
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The preliminary fourth-quarter report said productivity ticked higher by 1.8%–better than the 0.5% expected but well below the revised 6.0% figure for the third quarter.
For the purpose of preliminary design, the industrial objectives of product quality, productivity and energy efficiency are mathematically expressed using performance indicators called observation variables.
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