Nonfarm Productivity q/q comes in at 1.4% against 1.4% consensus

The US Nonfarm Productivity q/q release, published on 2026-08-06 at 12:30 UTC, came in at 1.4%. This figure matched the market consensus of 1.4%. The previous quarter’s reading was 0.3%. The surprise versus consensus was 0.0%, indicating the actual data aligned precisely with analyst expectations.

Measured market reaction in the 15 minutes following the release showed generally limited movement across major USD pairs. AUDUSD was down 1.4 pips, EURUSD was down 1.0 pips, GBPUSD was up 1.2 pips, and NZDUSD was down 2.3 pips. USDCAD was down 0.2 pips, USDCHF was up 0.3 pips, and USDJPY was up 4.8 pips. These moves were small when compared to their respective median 1-hour moves, which range from 6 to 9 pips for these pairs. XAUUSD, however, saw a more significant move, rising 70 pips at 5 minutes and 56 pips at 15 minutes. This move is larger than its median 1-hour move of 28 pips, with top-quarter releases typically moving 66+ pips.