Contribution of Capital Intensity to Labor Productivity for Manufacturing: Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing (NAICS 3252) in the United States
IPUEN3252C070000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.01
Year-over-Year Change
1.96%
Date Range
1/1/1987 - 1/1/2021
Summary
The Contribution of Capital Intensity to Labor Productivity for Manufacturing: Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing (NAICS 3252) in the United States measures the role of capital investment in driving productivity growth within this specific 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
This indicator assesses the extent to which increases in capital intensity, such as investments in machinery and equipment, contribute to improvements in labor productivity for the resin, synthetic rubber, and artificial synthetic fibers manufacturing industry. It provides insights into the drivers of productivity trends in this important segment of the U.S. manufacturing landscape.
Methodology
The data is calculated by the U.S. Federal Reserve using established economic models and industry-level productivity data.
Historical Context
This metric is used by economists and policymakers to evaluate the capital-labor dynamics influencing productivity in key manufacturing industries.
Key Facts
- Capital intensity has risen steadily in this industry since the 1990s.
- Investments in automation and advanced production systems have boosted output per worker.
- Productivity gains in this sector help strengthen the competitiveness of U.S. manufacturing.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the contribution of capital investment to labor productivity growth in the resin, synthetic rubber, and artificial synthetic fibers manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the drivers of productivity gains in a key manufacturing sector, which is crucial for understanding competitiveness and the impacts of technological change.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established economic models and industry-level productivity data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the capital-labor dynamics influencing productivity in the resin, synthetic rubber, and artificial synthetic fibers manufacturing industry, which has implications for broader manufacturing and economic policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the metric relies on detailed industry-level productivity statistics that are periodically updated by the Federal Reserve.
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Citation
U.S. Federal Reserve, Contribution of Capital Intensity to Labor Productivity for Manufacturing: Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing (NAICS 3252) in the United States (IPUEN3252C070000000), retrieved from FRED.