Track CA Labor Productivity q/q to gauge inflation pressures from wage changes and consumer costs.
The relationship between productivity and inflation related to labor is direct; a decrease in worker productivity corresponds to an increase in wages. When companies incur higher labor costs, these expenses are typically passed on to consumers.
What it Measures
Variation in labor efficiency in the production of goods and services.
Usual Effect
If the 'Actual' figures fall short of the 'Forecast', it's generally favorable for the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Published quarterly, approximately 65 days following the conclusion of each quarter.
How Data is Derived
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Also Known As
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Acronym
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