U.S. Factory Productivity Upgraded Due to Increased Durable-Goods Production
U.S. Manufacturing Productivity Surpasses Expectations In the third quarter, U.S. manufacturing productivity performed better than anticipated, largely due to robust production in the durable goods sector. This indicates improved efficiency on factory floors. Specifically, productivity in durable goods manufacturing grew at an annualized rate of 5.4%, a revision upward from the initial estimate of 4.7%. […]