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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (31355)5/4/2000 9:10:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
The initial drop in futures was due to lower than expected rise in productivity and higher labour cost than consensus, but later the futures reversed as <<In the manufacturing sector, productivity rose 6.9 percent in the first quarter after a 10.8 percent gain in the fourth quarter while unit labor costs fell 2.9 percent after a 5.9 percent decline in the previous quarter. >> One needs to look closely at the manufacturing sector, it is this sector that is causing some concerns, falling unit labour cost in this sector is a good sign..
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