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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, 2019–20
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).
United States Department of Labor
