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Multifactor Productivity for Manufacturing: Iron and Steel Mills and Ferroalloy Production (NAICS 33111) in the United States (IPUEN33111M001000000)

Observation:

2019: -1.6  
Updated: Aug 26, 2021

Units:

Percent Change from Year Ago,
Not Seasonally Adjusted

Frequency:

Annual
1Y | 5Y | 10Y | Max

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Industry Productivity  

Units:  Percent Change from Year Ago, 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: Iron and Steel Mills and Ferroalloy Production (NAICS 33111) in the United States [IPUEN33111M001000000], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/IPUEN33111M001000000, December 2, 2021.

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