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Multifactor Productivity for Manufacturing: Seafood Product Preparation and Packaging (NAICS 3117) in the United States (IPUEN3117M000000000)

Observation:

2019: 96.141  
Updated: Aug 26, 2021

Units:

Index 2007=100,
Not Seasonally Adjusted

Frequency:

Annual
1Y | 5Y | 10Y | Max

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Industry Productivity  

Units:  Index 2007=100, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Multifactor productivity measures are derived by dividing an index of real industry output by an index of the combined inputs of labor, capital, and intermediate purchases. The multifactor productivity indexes do not measure the specific contributions of capital, labor, and intermediate inputs. Rather, they reflect the joint influences on economic growth of a number of factors that are not specifically accounted for on the input side, including technological change, returns to scale, improved skills of the workforce, better management techniques, or other efficiency improvements.

Suggested Citation:

U.S. Bureau of Labor Statistics, Multifactor Productivity for Manufacturing: Seafood Product Preparation and Packaging (NAICS 3117) in the United States [IPUEN3117M000000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUEN3117M000000000, October 27, 2021.

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