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Daniel Lacalle, chief economist and investment manager at Tressis Gestion, highlights recent gains in U.S. labor productivity. According to Lacalle, labor productivity increased in 35 of 46 trade industries in 2025. He adds that wholesale trade productivity rose by 4.4 percent during the same period, while the overall productivity environment in the U.S. contrasts with challenges faced by other developed economies.
Lacalle previously reported that U.S. consumer confidence and key Federal Reserve indexes exceeded estimates earlier this year. In a separate note, he contrasted Iran's economic crisis with U.S. growth, strong exports, and moderate inflation rates. These prior observations align with recent U.S. labor productivity gains.