Contribution of Intermediate Inputs Intensity to Labor Productivity for Manufacturing: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (NAICS 33341) in the United States
IPUEN33341P071000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.70
Year-over-Year Change
-262.07%
Date Range
1/1/1988 - 1/1/2022
Summary
This metric tracks the contribution of intermediate inputs intensity to labor productivity for the manufacturing of ventilation, heating, air-conditioning, and commercial refrigeration equipment in the United States. It provides insights into the productivity dynamics within this key industrial 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 measures how changes in the use of raw materials, components, and services affect the output per worker in a specific manufacturing industry. This data helps economists analyze productivity trends and drivers in the ventilation, heating, and air-conditioning equipment production.
Methodology
The data is calculated by the U.S. Federal Reserve based on production and cost data reported by manufacturing establishments.
Historical Context
This metric informs policymakers and industry analysts about productivity performance and competitiveness in the HVAC equipment manufacturing sector.
Key Facts
- Measures productivity in HVAC equipment manufacturing.
- Provides insights into the drivers of output per worker.
- Reported by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the contribution of intermediate inputs intensity to labor productivity in the manufacturing of ventilation, heating, air-conditioning, and commercial refrigeration equipment in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the productivity dynamics and competitiveness of a key industrial sector, informing policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on production and cost data reported by manufacturing establishments.
Q: How is this trend used in economic policy?
A: This metric informs policymakers and industry analysts about productivity performance and competitiveness in the HVAC equipment manufacturing sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodological changes of the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Contribution of Intermediate Inputs Intensity to Labor Productivity for Manufacturing: Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (NAICS 33341) in the United States (IPUEN33341P071000000), retrieved from FRED.