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Private Nonfarm Business Sector: Real Value-Added Output (MPU4910023)

Observation:

2023: 2.6 (+ more)   Updated: Apr 1, 2024 12:40 PM CDT
2023:  2.6  
2022:  2.0  
2021:  7.3  
2020:  -2.8  
2019:  3.1  
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Units:

Percent Change from Year Ago,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Total Factor Productivity for Major Industries  

Units:  Percent Change from Year Ago, Not Seasonally Adjusted

Frequency:  Annual

Notes:

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: MPU4910023

Suggested Citation:

U.S. Bureau of Labor Statistics, Private Nonfarm Business Sector: Real Value-Added Output [MPU4910023], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU4910023, July 15, 2024.

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