Productivity
Productivity
This is a specific indicator of working efficiency, demonstrating average (general) change in the volume of produced goods per worker. It is a very important factor characterizing the economic state of a country. However, you should keep an eye on resource data, because during a period of economic stagnation there can be an increased number of layoffs which lead to the formal growth of productivity (as a ratio of production volume to amount of workers increases). The same effect can be observed during economic strikes. In all other cases a rise in this indicator is a positive factor in the economic development of a country which leads to the growth of the national currency rate.
The index is released quarterly, before 10th of a publish-month at 08:30 EST (New York).
