Durable Goods Indicator- V Shaped Recovery
Durable Goods Indicator supports V-shaped recovery prospects for manufacturing.
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Productivity Increases As Manufacturers Reduce Costs
The 5.3 percent gain in manufacturing productivity for 2 quarter 2009 is reported to be the largest quarterly gain in this indicator since the first quarter of 2005.
PMPA’s Length of First Shift declined 7.9% by the end of the second quarter compared to the BLS’s “hours worked decreased 14.4 percent ” figure for manufacturing in the second quarter.