Source:
U.S. Bureau of Labor Statistics
Release:
Multifactor Productivity Trends in Manufacturing
Units:
Percent Change from Year Ago, Not Seasonally Adjusted
Frequency:
Annual
Notes:
Labor input and capital services are combined using chained superlative Tornqvist aggregation, applying weights that represent each component's share of total costs. The chained superlative Tornqvist index uses changing weights; the share in each year is averaged with the preceding year's share.
For more information, please go to https://www.bls.gov/mfp/
Source Indicator: MPU4910033
Suggested Citation:
U.S. Bureau of Labor Statistics,
Private Non-Farm Business Sector: Combined Inputs [MPU4910033],
retrieved from FRED,
Federal Reserve Bank of St. Louis;
https://fred.stlouisfed.org/series/MPU4910033,
January 23, 2021.