Labor productivity in the United States has declined for the fifth consecutive quarter, dropping 0.8 percent in the first three months compared to the same period last year. Productivity in non-agricultural industries fell rather sharply, by 2.1 percent, Reuters reports.

It also notes the rapid decline in labor costs in the period. Corporate profits are also falling, posting their third consecutive quarterly decline this year.

The number of applications for unemployment benefits in the week before May 28 rose by 2 thousand. The PMI business index for the industrial sector in May fell by 0.2 percentage points compared with April - to 46.9%, which was worse than analysts' expectations.

Such results could signal that the growth rate of the U.S. economy is declining. Against this background, it is more likely that the Fed will refrain from raising the rate in June - now this is expected by the vast majority of analysts surveyed by CME Group, although only a few days ago they held a different opinion, reports "Prime" agency.