Multifactor productivity in computer-related manufacturing, 1987–2013
October 01, 2015
Multifactor productivity measures how much the output of an industry changes for each unit of combined inputs—the labor, capital, and other resources needed to produce goods and services. Multifactor productivity increased in 57 of 86 manufacturing industries from 1987 to 2013. Average annual rates of change for nearly all manufacturing industries ranged between −2.0 and 2.0 percent. Industries that make computers and communications equipment experienced much faster annual growth rates.
|Industry||Multifactor productivity||Output||Combined inputs||Hours||Capital||Intermediate purchases|
Computer and peripheral equipment
Semiconductors and electronic components
Audio and video equipment
Magnetic media manufacturing and reproducing
In computer and peripheral equipment manufacturing, multifactor productivity grew an average of 13.7 percent per year from 1987 to 2013. Semiconductors and electronic components manufacturing experienced average annual growth of 11.0 percent. In communications equipment manufacturing, multifactor productivity grew 3.0 percent per year from 1987 to 2013.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Multifactor productivity in computer-related manufacturing, 1987–2013 on the Internet at https://www.bls.gov/opub/ted/2015/multifactor-productivity-in-computer-related-manufacturing-1987-2013.htm (visited May 26, 2020).
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