Total Factor Productivity for Manufacturing: Motor Vehicle Parts Manufacturing (NAICS 3363) in the United States
IPUEN3363M001000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.80
Year-over-Year Change
-40.63%
Date Range
1/1/1988 - 1/1/2022
Summary
This economic indicator measures total factor productivity (TFP) in the U.S. motor vehicle parts manufacturing industry. TFP is a key metric of economic efficiency and competitiveness.
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
Total factor productivity (TFP) tracks how efficiently an industry uses labor, capital, and other inputs to generate output. This metric is widely used by policymakers and analysts to assess the competitiveness and innovation of key manufacturing sectors.
Methodology
The data is calculated by the Federal Reserve based on output, labor, and capital input data.
Historical Context
Trends in motor vehicle parts TFP provide insights into the health and competitiveness of a critical U.S. manufacturing industry.
Key Facts
- Motor vehicle parts is a key U.S. manufacturing industry.
- Total factor productivity tracks industry efficiency and innovation.
- This metric is widely used by policymakers and analysts.
FAQs
Q: What does this economic trend measure?
A: This indicator measures total factor productivity (TFP) in the U.S. motor vehicle parts manufacturing industry (NAICS 3363).
Q: Why is this trend relevant for users or analysts?
A: TFP is a key metric of economic efficiency and competitiveness, providing insights into the health and innovation of a critical U.S. manufacturing sector.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on output, labor, and capital input data.
Q: How is this trend used in economic policy?
A: Trends in motor vehicle parts TFP are closely monitored by policymakers and analysts to assess the competitiveness of this key U.S. manufacturing industry.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve with minimal delays, providing timely insights into this industry's productivity.
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Citation
U.S. Federal Reserve, Total Factor Productivity for Manufacturing: Motor Vehicle Parts Manufacturing (NAICS 3363) in the United States (IPUEN3363M001000000), retrieved from FRED.