Contribution of Intermediate Inputs Intensity to Labor Productivity for Manufacturing: Paint, Coating, and Adhesive Manufacturing (NAICS 3255) in the United States
IPUEN3255P070000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.82
Year-over-Year Change
4.61%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the contribution of intermediate inputs intensity to labor productivity in the U.S. paint, coating, and adhesive manufacturing industry. It provides insights into production efficiency and cost structures for this key 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 Contribution of Intermediate Inputs Intensity to Labor Productivity trend represents the impact of raw materials, energy, and other non-labor inputs on the productivity of labor in the paint, coating, and adhesive manufacturing industry. This metric helps analysts understand production processes and competitive dynamics in this important industrial segment.
Methodology
The data is calculated by the U.S. Federal Reserve using industry-level production and cost data.
Historical Context
Policymakers and industry analysts monitor this trend to assess the manufacturing sector's competitiveness and respond to supply chain or cost pressures.
Key Facts
- The U.S. paint and coatings industry generates over $30 billion in annual revenue.
- Intermediate inputs account for over 60% of total production costs in this industry.
- Labor productivity has risen by 15% in the paint and coatings sector over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of intermediate inputs like raw materials, energy, and other non-labor costs to labor productivity in the U.S. paint, coating, and adhesive manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the production efficiency and cost structures of a key U.S. manufacturing industry, helping analysts and policymakers assess competitiveness and respond to supply chain or cost pressures.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using industry-level production and cost data.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to understand manufacturing sector competitiveness and inform decisions around supply chain, trade, and industrial policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Contribution of Intermediate Inputs Intensity to Labor Productivity for Manufacturing: Paint, Coating, and Adhesive Manufacturing (NAICS 3255) in the United States (IPUEN3255P070000000), retrieved from FRED.