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Total factor productivity declined in 60 of the 86 manufacturing industries in 2020

September 02, 2022

Total factor productivity declined in 60 of the 86 manufacturing industries in 2020. In 2019, total factor productivity decreased in 56 manufacturing industries.

 Ten largest and smallest percent changes in total factor productivity in manufacturing by industry, 201920
Industry Total factor productivity

Clay products and refractories

-9.9%

Aerospace products and parts

-9.3

Forging and stamping

-8.3

Cut and sew apparel

-7.3

Coating, engraving, and heat treating metals

-7.3

Turbine and power transmission equipment

-7.3

Office furniture and fixtures

-6.8

Beverages

-6.7

Foundries

-6.6

Leather and hide tanning and finishing

-6.4

Tobacco

3.1

Semiconductors and electronic components

3.9

Other nonferrous metal production

4.4

Audio and video equipment

4.7

Ship and boat building

5.5

Computer and peripheral equipment

5.6

Iron and steel mills and ferroalloys

5.9

Sawmills and wood preservation

6.2

Other wood products

7.0

Agricultural chemicals

8.5

Among the manufacturing industries posting falling total factor productivity, six had declines larger than 7.0 percent. The largest declines were in clay products and refractories (−9.9 percent), aerospace products and parts (−9.3 percent), and forging and stamping (−8.3 percent).

The largest increases were in agricultural chemicals (8.5 percent), other wood products (7.0 percent), sawmills and wood preservation (6.2 percent), and iron and steel mills and ferroalloys (5.9 percent).

These data are from the Productivity program. To learn more, see “Total Factor Productivity for Detailed Industries — 2020.” Total factor productivity is defined as output per unit of combined inputs, including labor, capital, energy, materials, and purchased services.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Total factor productivity declined in 60 of the 86 manufacturing industries in 2020 at https://www.bls.gov/opub/ted/2022/total-factor-productivity-declined-in-60-of-the-86-manufacturing-industries-in-2020.htm (visited October 06, 2022).

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