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Manufacturing Sector: Total Factor Productivity (MPU9900013)

Observation:

2022: -1.3 (+ more)   Updated: Apr 1, 2024 12:40 PM CDT
2022:  -1.3  
2021:  2.5  
2020:  -0.9  
2019:  -1.5  
2018:  1.4  
View All

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:

Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors of economic growth, accounting for the effects of capital and labor. This data was found using sectoral output per unit of combined K, L, E, M, S.

For more information, please go to https://www.bls.gov/mfp/

Source Indicator: MPU9900013

Suggested Citation:

U.S. Bureau of Labor Statistics, Manufacturing Sector: Total Factor Productivity [MPU9900013], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU9900013, April 17, 2024.

RELEASE TABLES

Total Factor Productivity for Major Industries

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