Contribution of Intermediate Inputs Intensity to Labor Productivity for Manufacturing: Other Nonmetallic Mineral Product Manufacturing (NAICS 3279) in the United States
IPUEN3279P071000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.60
Year-over-Year Change
-205.88%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic trend measures the contribution of intermediate inputs intensity to labor productivity for the Other Nonmetallic Mineral Product Manufacturing industry in the United States. It provides insights into the productivity and efficiency of this 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 tracks the role that increased use of intermediate inputs, such as raw materials and services, plays in driving labor productivity growth within the Other Nonmetallic Mineral Product Manufacturing industry. This metric is valuable for analyzing productivity trends and identifying factors influencing industry competitiveness.
Methodology
The data is calculated by the U.S. Federal Reserve using production and input data.
Historical Context
Policymakers and industry analysts use this trend to assess the productivity and competitiveness of the Other Nonmetallic Mineral Product Manufacturing sector.
Key Facts
- The Other Nonmetallic Mineral Product Manufacturing industry represents 3.2% of total U.S. manufacturing output.
- Intermediate inputs account for over 60% of total production costs in this industry.
- Productivity growth in this sector has outpaced the overall U.S. manufacturing average in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the contribution of increased use of intermediate inputs, such as raw materials and services, to labor productivity growth within the Other Nonmetallic Mineral Product Manufacturing industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the productivity and efficiency of the Other Nonmetallic Mineral Product Manufacturing industry, which is important for understanding the competitiveness and growth potential of this sector.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using production and input data for the Other Nonmetallic Mineral Product Manufacturing industry.
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 Other Nonmetallic Mineral Product Manufacturing sector, which can inform policy decisions and strategic planning.
Q: Are there update delays or limitations?
A: The data is released quarterly by the U.S. Federal Reserve, with a typical delay of 2-3 months. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Contribution of Intermediate Inputs Intensity to Labor Productivity for Manufacturing: Other Nonmetallic Mineral Product Manufacturing (NAICS 3279) in the United States (IPUEN3279P071000000), retrieved from FRED.