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  • 1 min

USA – Can a rebound be expected in the second quarter? Yes probably

  • 2 July 2014
  • Philippe Waechter
  • Growth
  • Productivity
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After the strong downward revision of the GDP estimate for the first quarter, can a rebound be expected during the second quarter?
The ISM survey can give part of the answer. The chart below compares the productivity index calculated by the Bureau of Labor Statistics and a measure of productivity taken from the ISM survey.
The two series are consistent and we see a rebound on the ISM measure during the second quarter. It is an indication that the drop seen in the first quarter was probably temporary and that the economic activity was better oriented during spring.
USA-en-2014-June-ISM-productivity

Related Topics
  • Growth
  • Productivity
On the same topic
  • 2 min

The Euro zone slows sharply in March

  • 1 April 2019
  • Actus & Chroniques

Philippe Waechter

The publication March’s Markit indices confirms the downward pressure on activity in the manufacturing sector. The leading indices published for the Euro zone, Germany and France, on March 22, have…
  • Manufacturing Sector
  • Markit
READ
  • 1 min

The shock in the manufacturing sector in Germany: IFO vs Markit

  • 25 March 2019
  • Actus & Chroniques

Philippe Waechter

The modest rebound in the IFO index in March is sometimes interpreted as the counterpoint to the drop of the Markit index released last Friday.There is indeed an opposition in…
  • IFO
  • Manufacturing Sector
  • Markit
READ
  • 1 min

Industrial production shrinks in Euro zone

  • 13 February 2019
  • Actus & Chroniques

Philippe Waechter

With the decline of -0.9% in December, the industrial production of the Euro zone fell by -5.3% over the last quarter (annualized rate). and -2.1% over one year. The slowdown…
  • Euro Area
  • Industrial Production
READ
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