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Factory productivity in the third quarter of 2005

December 07, 2005

Productivity—as measured by output per hour of all persons—increased 3.4 percent in manufacturing in the third quarter of 2005. Output increased 2.4 percent and hours of all persons decreased 1.0 percent (seasonally adjusted annual rates).

Growth in output per hour of all persons, manufacturing, seasonally adjusted, 2003 III-2005 III (percent change from previous quarter at annual rate)
[Chart data—TXT]

Productivity in manufacturing grew more slowly than in the second quarter of the year, when it rose 4.0 percent (as revised). In the second quarter of 2005, output rose 1.2 percent and hours of all persons dropped 2.6 percent.

In durable goods industries, productivity increased 6.5 percent in the third quarter, reflecting increases of 6.9 percent in output and 0.3 percent in hours. Productivity grew more slowly in the nondurable goods industries, 0.2 percent, as output declined 3.1 percent and hours fell 3.3 percent. Hours in nondurable goods manufacturing have fallen in every quarter beginning with the third quarter of 1999.

These data are from the BLS Productivity and Costs program. Data are subject to revision. For more information, see the "Productivity and Costs, Third Quarter 2005, revised" (PDF) (TXT), news release USDL 05-2275.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Factory productivity in the third quarter of 2005 on the Internet at http://www.bls.gov/opub/ted/2005/dec/wk1/art03.htm (visited December 20, 2014).

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