2020 Total Factor Productivity for Detailed Industries — 2022-08-25

Total factor productivity-defined as output per unit of combined inputs--fell in 60 of the 86 4-digit NAICS manufacturing industries in 2020, the U.S. Bureau of Labor Statistics reported today. In 2019 total factor productivity decreased in 56 manufacturing industries. Among transportation industries, total factor productivity decreased in both air transportation and line-haul railroads in 2020. Six of the eight largest 4-digit NAICS manufacturing industries (those with employment over 370,000) had decreasing total factor productivity in 2020. Only the printing and related support activities and semiconductors and electronic components industries had rising total factor productivity among the eight. Output fell from 2019 in all those industries except semiconductors and electronic components. The largest output decline among those industries occurred in aerospace products and parts (-19.0 percent).