Investing.com - U.S. non-farm productivity rose more than initially expected in the second quarter, while unit labor costs were revised lower, official data showed on Wednesday. In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity increased by a seasonally adjusted 3.3% in the three months ended June 30, above forecasts for a gain of 2.8% and up from an initial estimate of 1.3%. The report also said that unit labor costs decreased by a seasonally adjusted 1.4% in the second quarter, worse than expectations for a decline of 1.0% and compared to an initial estimate of a 0.5% gain. EUR/USD was trading at 1.1252 from around 1.1260 ahead of the release of the data, GBP/USD was at 1.5274 from 1.5276 earlier, while USD/JPY was at 120.13 compared to 120.10 earlier. The US dollar index, which tracks the greenback against a basket of six major rivals, was at 95.77, compared to 95.72 ahead of the report. Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow futures indicated a gain of 0.65% at the open, the S&P 500 futures pointed to a rise of 0.65%, while Nasdaq 100 futures tacked on 0.7%. Elsewhere, in the commodities market, gold futures traded at $1,137.40 a troy ounce, compared to $1,138.30 ahead of the data, while crude oil traded at $44.83 a barrel from $44.68 earlier.

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