With today's U.S. GDP revisions
With today's U.S. GDP revisions, analysts expect a Q3 productivity growth boost to 3.7% from 3.1%, after a -0.2% Q2 figure, with a 4.2% (was 3.6%) Q3 growth rate for the output index after a 1.6% Q2 clip. Analysts expect no revision in the Q3 hourly compensation growth rate of 3.8% after a 6.1% Q2 pace, leaving a 0.1% (was 0.7%) Q3 unit labor cost rise after a 6.2% Q2 rate. Analysts expect unrevised hours-worked growth of 0.5% in Q3 after a 1.7% Q2 clip. Analysts saw small downward personal income revisions that left growth of a revised 4.4% (was 4.5%) in Q3 after a 4.9% clip in Q2 and a 1.3% rate in Q1, while disposable income grew at a 4.1% (was 4.2%) rate in Q3 after a 5.0% clip in Q2 and a 2.4% Q1 pace. The savings rate sustained the Q2 drop to 5.9% from 6.1% in Q1.