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The productivity of American workers in the manufacturing industry grew by 1.3% in annual terms in the fourth quarter. The indicator is calculated as the release of goods per hour of work. It includes incomplete data due to the consequences of the partial shutdown of the government of the country. According to the results of the third quarter, productivity increased by 1.1%. The most important indicator is performance in the non-farm sector, but it was not made public because of the shutdown. The Ministry of Labor continued to work in December-January. Its report demonstrates productivity growth in Q3 by 2.2%, and in the second quarter - by 3%. According to S & P Global Ratings, the United States lost $6 billion during the shutdown of the government. Shutdown affected 9 of the 15 ministries and was the longest in history.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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