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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.
Average annual percent change in multifactor productivity, output, and inputs, 1987–2013
Industry
Multifactor productivity
Output
Combined inputs
Hours
Capital
Intermediate purchases
Computer and peripheral equipment
13.7
13.5
-0.2
-3.9
1.2
0.4
Semiconductors and electronic components
11.0
13.1
1.9
-1.6
6.0
0.5
Communications equipment
3.0
3.0
0.0
-3.2
2.6
0.7
Audio and video equipment
2.4
-1.4
-3.8
-4.3
-0.7
-4.1
Magnetic media manufacturing and reproducing
1.8
-2.0
-3.8
-2.8
0.0
-5.4
Electronic instruments
1.1
1.6
0.5
-1.9
0.8
2.3
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.
These data are from the Multifactor Productivity program. For more information, see "Multifactor Productivity Trends for Detailed Industries, 2013" (HTML) (PDF).
United States Department of Labor
