Tuesday, December 06, 2005

Quick Overview

  • The Labor Department said that business productivity was up an annual rate of 4.7% in the third quarter, the best quarterly gain in two years. The U.S. productivity growth is surging, but the wage increases that typically come with such gains have eluded American workers.

  • U.S. factory orders were up 2.2% in October. Excluding transportation, orders were up 0.6% on the month.

  • Industrial production in the U.K. was down 1% in November. YoY retail sales were p 4.6% in November.

  • The Bank of Canada increased its overnight rate from 3.00% to 3.25%.

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