Source: U.S. Bureau of Labor Statistics
Private business sector output is a chain-type, current-weighted index constructed after excluding from gross domestic product (GDP) the following outputs: general government, nonprofit institutions, private households (including owner-occupied housing), and government enterprises. This data used Tornqvist (cost share wts.) aggregate K and L.
For more information, please go to https://www.bls.gov/mfp/
Source Indicator: MPU4900022
U.S. Bureau of Labor Statistics, Private Business Sector: Real Value-Added Output [MPU4900022], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4900022, March 9, 2021.