Multifactor productivity in manufacturing, 2011
July 01, 2013
Manufacturing sector multifactor productivity increased at a 0.8-percent annual rate in 2011, reflecting a 3.1-percent gain in output and a 2.3-percent gain in combined inputs. It was considerably smaller than the 4.5-percent increase in 2010.
|Year||Manufacturing||Durable manufacturing||Nondurable manufacturing/th>|
Durable manufacturing sector multifactor productivity increased 1.9 percent in 2011, following a 6.8-percent increase in 2010. Nondurable manufacturing sector multifactor productivity declined 0.3 percent in 2011, following a 2.1-percent increase in 2010.
From 2007 to 2011, multifactor productivity in manufacturing rose at a 0.6-percent annual rate compared to a larger 2.0-percent annual growth rate in the 2000–2007 period. Multifactor productivity in manufacturing has grown 1.3 percent annually from 1987 to 2011 (the series began in 1987).
These data are from the Multifactor Productivity program. To learn more, see “Multifactor Productivity Trends in Manufacturing — 2011” (HTML) (PDF), news release USDL-13-1177. Multifactor productivity is designed to measure the joint influences on economic growth of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors, allowing for the effects of capital, labor, and intermediate inputs (energy, materials, purchased business services).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Multifactor productivity in manufacturing, 2011 on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130701.htm (visited January 25, 2015).
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