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Total Factor Productivity for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 33111) in the United States (IPUEN33111M000000000)

Observation:

2021: 80.363 (+ more)   Updated: Apr 26, 2024 9:17 AM CDT
2021:  80.363  
2020:  101.456  
2019:  91.976  
2018:  93.876  
2017:  100.000  
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Units:

Index 2017=100,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Industry Productivity  

Units:  Index 2017=100, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Total factor productivity is the efficiency at which combined inputs are used to produce output of goods and services. The total factor 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, Total Factor Productivity for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 33111) in the United States [IPUEN33111M000000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUEN33111M000000000, June 22, 2024.

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