Production: Mining: Total mining: Total for Brazil
Quarterly
PRMITO01BRQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.00
Year-over-Year Change
-7.37%
Date Range
1/1/1975 - 10/1/2022
Summary
The Quarterly Multifactor Productivity Index measures changes in the efficiency of production processes, providing insights into technological progress and economic 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 Multifactor Productivity Index tracks the output per unit of combined inputs (labor, capital, energy, materials, and services) in the U.S. private business sector. It is a key indicator of economic efficiency and a driver of long-term living standard improvements.
Methodology
The index is calculated by the U.S. Bureau of Labor Statistics using data on production, hours worked, and capital inputs.
Historical Context
Multifactor productivity data informs economic policymaking and helps analysts understand the sources of economic growth.
Key Facts
- The index has a base year of 2012 = 100.
- Multifactor productivity growth averaged 0.7% annually from 2007-2019.
- Productivity gains can drive increases in living standards over time.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Multifactor Productivity Index measures changes in the efficiency of production processes in the U.S. private business sector.
Q: Why is this trend relevant for users or analysts?
A: Multifactor productivity data provides insights into technological progress and long-term drivers of economic growth, which is crucial for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Labor Statistics using data on production, hours worked, and capital inputs.
Q: How is this trend used in economic policy?
A: Multifactor productivity data informs economic policymaking and helps analysts understand the sources of economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Quarterly Multifactor Productivity Index (PRMITO01BRQ661S), retrieved from FRED.