Production: Industry: Total Industry Excluding Construction for Sweden
Quarterly
PRINTO01SEQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.10
Year-over-Year Change
-237.86%
Date Range
1/1/1960 - 1/1/2025
Summary
The Quarterly Productivity Trend measures changes in output per hour worked in the nonfarm business sector, a key indicator of economic efficiency and growth.
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 Quarterly Productivity Trend tracks labor productivity, or the amount of real output (goods and services) produced per hour worked in the U.S. nonfarm business sector. This metric is widely used by economists and policymakers to assess the overall efficiency and competitiveness of the economy.
Methodology
The data is calculated by the U.S. Bureau of Labor Statistics from establishment surveys and other government sources.
Historical Context
Productivity growth is a crucial driver of rising living standards and is closely monitored by the Federal Reserve and other economic authorities.
Key Facts
- The U.S. nonfarm business sector accounts for about 75% of total U.S. economic output.
- Productivity growth averaged 2.4% annually from 1947 to 2020.
- Declining productivity growth is a concern for long-term economic prospects.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Productivity Trend measures changes in the amount of real output (goods and services) produced per hour worked in the U.S. nonfarm business sector.
Q: Why is this trend relevant for users or analysts?
A: Productivity growth is a key driver of rising living standards and economic competitiveness, so this metric is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Labor Statistics from establishment surveys and other government sources.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other economic authorities monitor productivity growth closely as it is a crucial indicator of the economy's overall efficiency and competitiveness.
Q: Are there update delays or limitations?
A: The Quarterly Productivity Trend data is released on a timely basis by the Bureau of Labor Statistics, with minimal delays.
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Citation
U.S. Federal Reserve, Quarterly Productivity (PRINTO01SEQ659S), retrieved from FRED.