FXstreet.com (Barcelona) - Productivity has increased sharply higher than expected in the United States during the third quarter of the year, while labour costs decreased according to data released but the Labour Department that will ease concerns about rising inflation.

Non farm productivity has jumped 4.9% annualized from July to September, well above the 2.2% rise posted in the previous quarter, which has been revised down from the initially estimated 2.6% increase; it was also higher than the 3.4% increase expected by the analysts.

Unit labour costs, an indicator closely observed to assess inflationary trends, has dropped 0.2% on the quarter, instead of a 0.8% increase market analysts had advanced.