2022 Total Factor Productivity for Detailed Industries — 2025-08-28
Total factor productivity--defined as output per unit of combined inputs--fell in 66 of the 86 4-digit NAICS manufacturing industries in 2022, the…
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Total factor productivity--defined as output per unit of combined inputs--fell in 66 of the 86 4-digit NAICS manufacturing industries in 2022, the U.S. Bureau of Labor Statistics reported today. Among durable manufacturing industries, 38 of 51 had total factor productivity declines led by an 11.9-percent decline in the HVAC and commercial refrigeration equipment industry. Total factor productivity declined in 28 of 35 nondurable manufacturing industries led by a 15.9-percent decline in paints, coatings, and adhesives. Four of the ten largest 4-digit NAICS manufacturing industries (those with employment over 350,000 workers) experienced increasing total factor productivity in 2022: animal slaughtering and processing (+9.3 percent), aerospace products and parts (+4.6 percent), motor vehicle parts (+3.8 percent), and semiconductors and electronic components (+1.3 percent). Output rose in 6 of these 10 industries led by a 9.4-percent increase in motor vehicle parts.
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