US Productivity Slumps Most Since 2015

US productivity slipped 0.2% QoQ in Q3 2019, worse than the preliminary 0.1% decline and the biggest QoQ drop since Q4 2015.

Year-over-year saw productivity rise at 1.5% – the weakest since Q4 2018.

Source: Bloomberg

Notably, on a year-over-year basis, manufacturing productivity declined 0.1%.