US Nonfarm Productivity YoY held to 0.5% in February 2013

→ DEFINITION

Nonfarm Productivity YoY (Year-over-Year) is a key economic indicator that measures the change in output per hour worked in the nonfarm sector over a 12-month period. This metric provides valuable insights into the efficiency and productivity of the overall economy, as well as the potential for future economic growth. A positive YoY change indicates an increase in productivity, while a negative change suggests a decline. Nonfarm Productivity YoY is closely monitored by investors, policymakers, and businesses as it can impact inflation, wages, and overall economic performance.

→ WHY THIS INDICATOR MATTERS

This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.

→ WHAT CHANGED THIS MONTH

Latest reading (Mar 2013): actual 0.5 %. Prior reading (Mar 2013, first reported): 0.5 %.

→ WHAT'S NEXT

Sigmacast's 1-month forecast is 0.5% (latest print 0.5%). This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.

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