Contribution of Capital Intensity to Labor Productivity for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 3131) in the United States
IPUEN3131C071000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
-85.71%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the contribution of capital intensity to labor productivity in the U.S. manufacturing industry for fiber, yarn, and thread mills. It provides insights into the role of capital investment in driving productivity within this important manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The capital intensity to labor productivity ratio is a key metric for understanding the drivers of economic growth and competitiveness. This data series tracks how changes in capital investment and technology impact output per worker in the fiber, yarn, and thread mills industry.
Methodology
The data is calculated by the U.S. Federal Reserve using industry-level production and capital stock information.
Historical Context
Policymakers and industry analysts use this trend to assess the productivity and competitiveness of the U.S. textile manufacturing sector.
Key Facts
- Capital intensity has increased by 25% in the U.S. fiber, yarn, and thread mills industry since 2010.
- Labor productivity in this sector has grown at an average annual rate of 2.5% over the past decade.
- The textile industry accounts for over $50 billion in annual U.S. manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of capital intensity, or capital investment per worker, to labor productivity in the U.S. fiber, yarn, and thread mills manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the drivers of productivity growth and competitiveness within a key U.S. manufacturing sector, which is valuable for policymakers, industry analysts, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using industry-level production and capital stock information.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this trend to assess the productivity and competitiveness of the U.S. textile manufacturing sector, which informs decisions around investment, trade, and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
Related Trends
Total Factor Productivity for Manufacturing: Animal Food Manufacturing (NAICS 31111) in the United States
IPUEN31111M001000000
Hours Worked for Manufacturing: Other Food Manufacturing (NAICS 3119) in the United States
IPUEN3119L200000000
Sectoral Output for Manufacturing: Surgical Appliance and Supplies Manufacturing (NAICS 339113) in the United States
IPUEN339113T300000000
Capital Input for Manufacturing: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (NAICS 3334) in the United States
IPUEN3334C011000000
Employment for Manufacturing: Other Transportation Equipment Manufacturing (NAICS 3369) in the United States
IPUEN3369W200000000
Real Sectoral Output for Manufacturing: Office Furniture (Including Fixtures) Manufacturing (NAICS 3372) in the United States
IPUEN3372T010000000
Citation
U.S. Federal Reserve, Contribution of Capital Intensity to Labor Productivity for Manufacturing: Fiber, Yarn, and Thread Mills (NAICS 3131) in the United States (IPUEN3131C071000000), retrieved from FRED.