Federal Reserve Economic Data

Food and Beverage and Tobacco Products: Total Factor Productivity (MPU5500012)

Observation:

2023: 98.032 (+ more)   Updated: Dec 4, 2024 3:30 PM CST
2023:  98.032  
2022:  100.991  
2021:  100.443  
2020:  96.518  
2019:  97.173  
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Units:

Index 2017=100,
Not Seasonally Adjusted

Frequency:

Annual

NOTES

Source: U.S. Bureau of Labor Statistics  

Release: Total Factor Productivity for Major Industries  

Units:  Index 2017=100, Not Seasonally Adjusted

Frequency:  Annual

Notes:

Multifactor productivity is calculated by dividing an index of real output by an index of combined units of labor input and capital services. It is designed to measure the joint influences of technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors of economic growth, accounting for the effects of capital and labor. This data was found using sectoral output per unit of combined K, L, E, M, S.

For more information, please go to https://www.bls.gov/mfp/

Source Indicator: MPU5500012

Suggested Citation:

U.S. Bureau of Labor Statistics, Food and Beverage and Tobacco Products: Total Factor Productivity [MPU5500012], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MPU5500012, .

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