US: Q1 Nonfarm productivity likely surged 2.2% - TDS

TD Securities analysts are expecting that the US Nonfarm productivity growth is expected to have accelerated to 2.2% during the first quarter, up from 1.8% and 1.9% in Q3 and Q4, respectively.

Key Quotes

“In fact, this would match productivity's second highest pace of growth in four years. As we have recently mentioned, further increases in productivity would have relevant implications for monetary policy in the near-term.”