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Manufacturing productivity in second quarter of 2008

September 05, 2008

Productivity decreased 2.2 percent in manufacturing in the second quarter of 2008, as output fell 3.7 percent and hours of all persons fell 1.5 percent (seasonally adjusted annual rates).

Growth in output per hour of all persons, manufacturing, seasonally adjusted, 2006 I-2008 II (percent change from previous quarter at annual rate)
[Chart data—TXT]

This was the largest quarterly decline in manufacturing productivity since a 2.5-percent decrease in the second quarter of 1989; it was concentrated in the durable goods sector, where productivity declined 4.5 percent.

In nondurable goods, productivity edged up 0.2 percent as output and hours fell 1.3 percent and 1.6 percent, respectively.

These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see "Productivity and Costs, Second Quarter 2008, Revised," (PDF) (HTML) news release USDL 08-1251.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing productivity in second quarter of 2008 at https://www.bls.gov/opub/ted/2008/sept/wk1/art04.htm (visited July 29, 2021).

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