For release 10:00 a.m. (ET) Thursday, November 18, 2021 USDL-21-2019

Technical information: (202) 691-5606 • productivity@bls.gov • www.bls.gov/mfp

Media contact: (202) 691-5902 • PressOffice@bls.gov

TOTAL FACTOR PRODUCTIVITY FOR MAJOR INDUSTRIES – 2020

Total factor productivity (TFP) declined in 16 out of 21 major industries measured in 2020, the U.S. Bureau of 

Labor Statistics (BLS) reported today. These negative TFP trends were largely due to the economic downturn 

caused by the COVID-19 pandemic. As with the Great Recession, the decline in TFP growth was widespread 

across the economy but more severe in 2020 compared to 2008-09. In 2020, the largest industry declines were in

arts, entertainment, and recreation (-17.9 percent) and educational services(-10.9 percent), while the largest TFP 

decline during the Great Recession was in the finance and insurance industry (-5.5 percent). (See chart 1 and 

table 1).

The TFP declinesin 2020 were primarily due to declines in real output outpacing declines in the combined inputs

of capital, labor, energy, materials, and purchased business services. Among the combined inputs, labor 

contracted in 18 of 21 major industries measured and the combination of energy, materials, and purchased 

business services (intermediate inputs) declined in 15 of the industries measured. (See table 1). Out of the five 

industries with productivity growth, three industries had declinesin both output and combined inputs.

Chart 1. Total factor productivity, output, and combined inputs, by major industry, 2020

Annual percent change

Terminology Change for Multifactor Productivity Data

The BLS Productivity program will replace the term multifactor productivity (MFP) with total factor 

productivity (TFP) beginning with this release. This is a change in terminology only and will not affect the 

data or methodology. The use of the term total factor productivity will improve the visibility and accessibility 

of our data and will be accompanied by changes to the BLS website and future productivity news releases.
2

Total factor productivity is defined as output per unit of combined inputs. TFP shows the relationship between 

changes in real sectoral output and changes in the combined inputs of capital services(K), labor input (L), and 

intermediate inputs (energy (E), materials(M), and purchased business services (S)) used in production of final 

goods and services. It reflects economic growth that is not due to growth in measured KLEMS inputs, including 

technological change, organizational changes in the production process, and other efficiency improvements.

Industry spotlight: Arts, entertainment, and recreation

The COVID-19 pandemic hit service providing industries especially hard as they rely heavily on face-to-face 

contact with customers. The arts, entertainment, and recreation industry had the largest decline in TFP (-17.9

percent) of the 21 major industries measured. Not only did this industry experience a record decline in output of 

37.7 percent, but it also experienced historic declines in four out of the five KLEMS inputs. In 2020, labor 

declined 25.6 percent, energy declined 37.7 percent, materials declined 40.6 percent, and purchased business

services declined 31.8 percent. The last time these four inputs declined at the same time was during the Great 

Recession year of 2009, however, the magnitude of the 2020 declines were much more severe. (See table 2 and

chart 2).

The closure of museums, entertainment venues, sports arenas, and parks had a cascading affect beyond lost 

revenue of ticket sales. Widespread business closures and drastically reduced hours worked led to lower energy 

consumption. With no fans in the seats, there was no need for the other material inputs and purchased business 

services, including vendor contracts. Capital services wasthe only input that maintained growth because these 

assets, such as buildings, land, machinery, and equipment, are not easily reduced. Although the arts, 

entertainment, and recreation industry was hit the hardest, there were also significant KLEMS input declines in

other industries, such as accommodation and food services; educational services; transportation and warehousing; 

other services, except government; and mining. (See tables 1 and 2.)

Chart 2. Total factor productivity, output, and KLEMS inputs, for arts, entertainment, and recreation,

2009 and 2020

Annual percent change

-45.0

-40.0

-35.0

-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

TFP Output Capital Input Labor Input Energy Input Materials Input Purchased

Business Services

Input

2009 2020
3

Total factor productivity and KLEMS as sources of labor productivity growth

The sudden arrival of the COVID-19 pandemic forced industries to displace workers and cancel existing service 

contracts. As production throughout the economy dramatically declined, so did hours worked. However, hours 

declined at a slower rate than output which led to labor productivity declines among 12 of 21 major industries, 

the most since the Great Recession. (See table 5.)

Changes in total factor productivity and combined KLEMS inputs help to explain labor productivity changes. 

Labor productivity can be expressed as the sum of six components: total factor productivity growth (TFP), 

contribution of capital intensity, contribution of labor composition, contribution of energy intensity, contribution 

of materialsintensity, and the contribution of purchased business servicesintensity. The contribution of each 

KLEMS input is defined as the ratio of the services provided by that input to hours worked in the production 

process, weighted by its share of sectoral output. Examining input contributions and TFP changesrevealsthe 

substitution effect of increased use of an input relative to labor on an industry’s labor productivity. (See table 5 

and chart 3.)

Of the 12 industries with labor productivity declines, TFP was the largest contributor to this decline in all but 

two industries (utilities and finance and insurance). The largest contributor to the decline in the utilities and 

finance and insurance industries was purchased business services intensity. The contribution of energy intensity 

was negative for all but one of these industries (finance and insurance). The contribution of purchased business 

services intensity was negative for all but one of these industries as well (other services, except government). A 

negative contribution for an input of K, E, M, and S, indicates that this input declined faster than hours worked. 

The contribution of capital intensity was positive for most industries, keeping labor productivity from declining 

further. 

The sixth component of labor productivity, labor composition, was a positive contributor to labor productivity in 

16 of 21 major industries. The labor composition index estimates the effect of shifts in the composition of the 

workforce on hours worked, using information on age, education, gender, and relative wages. As industries cut 

hours, the composition of the workforce shifted toward more experienced workers, increasing the average wage 

of the industry, and having a positive impact on labor productivity.

Chart 3. Sources of labor productivity for major industries, 2020

Percentage points
4

TFP and input contributions to output 

The large TFP and labor productivity declines among industries in 2020 led to an overall decline in output for the 

private business sector. The nation's output can be viewed as the sum of three components: total factor 

productivity, contribution of capital services, and contribution of labor input. TFP contributed 3.38 percentage 

points of the decline in output, while labor input contributed 2.64 percentage points of the decline. These one-year

declines are larger than the two years of combined declines in output experienced during the Great Recession of 

2008-09. Notice that at the onset of the Great Recession in 2008, TFP was the predominant contributor to 

negative output, but as the recession continued into 2009, labor input became the primary negative driver. (See 

chart 4.) 

Chart 4. Contributions to output for the private business sector, 2007-20

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry

The private business sector can be divided into four sectors: goods producing; information and communication 

technology (ICT); finance, insurance, and real estate (FIRE); and service providing. These sectors further explain 

how the economic losses experienced in the U.S. in 2020 differ from the Great Recession of 2008 and 2009, with 

regard to the negative impact of TFP and labor input and the positive contribution of capital services. (See 

footnotes after table 7 for industry makeup of each sector.)

TFP contribution

The negative total factor productivity contribution of 3.38 percentage points to private business output in 2020 

was widespread, with all four sectors experiencing negative contributions, led by the service providing sector 

which had a negative contribution of 2.37 percentage points. Among the service providing sector, transportation 

and warehousing and health care and social assistance were the main downward drivers both with a negative 0.62 

percentage point contribution. Accommodation and food services also experienced a large decline of 0.46

percentage point. By contrast, during the Great Recession, the goods producing sector made the largest negative 

contribution (-0.81 percentage point) to TFP growth. (See tables 6 and 7 and chart 5.)
5

Chart 5. Sector contributions to TFP during economic downturns

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry

Note: 2008-09 is reported as the average annual rate of change of growth

Labor contribution

In 2020, labor input had a negative contribution to private business output, with declinesin three of the four 

aggregated sectors. The service providing sector had the largest negative contribution in 2020 (-2.01 percentage 

points), led by accommodation and food service (-0.58 percentage point) and professional and technical services

(-0.29 percentage point). By contrast, the largest negative labor contribution to output during the Great Recession 

came from the goods producing sector (-1.19). Of note is the different behavior of the FIRE sector during 2020 

and the Great Recession. This sector had a small positive contribution of 0.12 percentage point in 2020 compared 

to a negative contribution of 0.19 percentage point in 2008-09. (See tables 6 and 7 and chart 6.)

Chart 6. Sector contributions to labor during economic downturns

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry
6

Capital contribution

Capital services positive contribution to output in 2020 kept output from declining faster. Capital services positive 

contribution in 2020 and during the Great Recession reflectsthe stability of capital stock during downturns. All 

sectors demonstrated a positive contribution of capital to output during both 2020 (0.95 percentage point) and the 

Great Recession (0.62 percentage point) but it was the large contributions of the FIRE and ICT sectors that led to 

the greater contribution of capital in 2020. The 0.26 percentage point contribution of the FIRE sector was driven 

by the finance and insurance industry with a contribution of 0.19 percentage point. During the Great Recession 

this industry only had a contribution of 0.02 percentage point. (See table 6 and 7 and chart 7.) The ICT sector 

increased its contribution of capital to output from 0.18 percentage point during the Great Recession to 0.25

percentage point.

Chart 7. Sector contributions to capital during economic downturns

Percentage points

Note: Contributions may not sum due to aggregation, rounding, and integration of top line to industry
7

Technical Notes

Special adjustment for the COVID-19 pandemic

In response to the COVID-19 global pandemic that began late in the first quarter of 2020, Congress 

passed multiple pieces of legislation to provide support to individuals, communities, and businesses. The 

size and wide scope of these subsidies impacted every industry in the private business economy. This 

release incorporates data from the Bureau of Economic Analysis (BEA) to distribute these subsidies into 

labor and capital costs, based on the usage allowed by law, for each industry. Additional information can 

be found on the BLS website at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-productivityand-costs-statistics.htm#Multifactor-Productivity.

Goods producing sector

This sector containsindustries within agriculture, forestry, fishery, and hunting (NAICS 11), mining 

(NAICS 21), utilities (NAICS 22), construction (NAICS 23), and manufacturing (NAICS 31-33) except 

computer and electronic products (NAICS 334).

Information and communications technology (ICT) sector

Information and communication technology (ICT) containsthe following industries: computer and 

electronic products (NAICS 334), broadcasting and telecommunications (NAICS 515,517), data 

processing, internet publishing, and other information services (NAICS 518,519) and computer systems 

design and related services (NAICS 5415). This definition is generally comparable to that used by the 

Organization for Economic Cooperation and Development (OECD), which defines the ICT sector using 

the International Standard Industrial Classification (ISIC) (OECD 2011).

FIRE sector

The finance, insurance, and real estate (FIRE) sector contains industries within finance and insurance 

(NAICS 52) and real estate and rental and leasing (NAICS 53).

Service providing sector

This sector contains industries within trade (NAICS 42,44-45), transportation and warehousing (NAICS 

48-49), publishing, except internet (includes software) (NAICS 511) and motion picture and sound 

recording (NAICS 512), and industries within services (NAICS 54-81) except computer systems design 

and related services (NAICS 5415).

Capital services 

Data on investment for fixed assets are obtained from BEA. Data on inventories are estimated using 

data from BEA and additional information from IRS Corporation Income Returns. Data for land in the 

farm industry are obtained from USDA. Nonfarm industry detail for land is based on IRS book value 

data. Current-dollar value-added data, obtained from BEA, are used in estimating capital rental prices.

Labor input 

Hours at work data reflect Productivity and Costs data as of the September 2, 2021 “Productivity and 

Costs” news release (USDL- 21-1570). The growth rate of labor composition is defined as the 

difference between the growth rate of weighted labor input and the growth rate of the hours.

Energy, materials, and purchased business services

Data on energy, materials, and purchased business services are obtained from BEA based on BEA 

annual input-output tables. Tornqvist indexes of each of these three input classes are derived at the 

NAICS industry level and then aggregated to the industries. Materials inputs are adjusted to exclude 

transactions between establishments within the same industry for goods producing industries. Purchased
8

business services are adjusted to exclude transactions between establishments within the same industry 

for all non-goods producing industries.

Sectoral output 

The output concept used to measure total factor productivity for industriesis “sectoral output”. Sectoral

output equals gross output (sales, receipts, and other operating income, plus commodity taxes plus 

changes in inventories), excluding transactions between establishments within the same industry. 

2020 manufacturing output measures are estimated based on historical relationships between BLS 

industrial output, BLS price indexes, and data on industrial production from the Federal Reserve Board.

For select service providing industries, output measures are estimated using data from the Quarterly 

Services Survey from the Census Bureau. For all other nonmanufacturing industries, sectoral output is 

based on indexes of real quantity and cost measures from the BEA. Data sources by industry for 1987-

2019 can be found at www.bls.gov/opub/hom/msp/data.htm.

Other information 

Detailed information on methods used in this release can be found in the BLS Handbook of Methods 

Productivity Measures: Business Sector and Major Sector section at 

www.bls.gov/opub/hom/msp/home.htm.

Comprehensive tables containing more detailed data than that which is published in this news release 

are available upon request at 202-691-5606 or at www.bls.gov/mfp/mprdload.htm. Industry specific 

contributions to output are available at www.bls.gov/mfp/contributions-to-output.htm.
9

Table 1. Total factor productivity and related data, 2020

Industry

2012 

NAICS 

Code

Percent change

TFP Output Combined 

Inputs

Capital 

Input

Labor 

Input

Intermediate 

Inputs1

Agriculture, forestry, fishery, and 

hunting 11 7.4 9.4 1.9 0.3 -4.7 5.8

Mining 21 -4.0 -18.0 -14.6 -0.2 -14.9 -24.4

Utilities 22 1.8 -2.8 -4.5 2.4 0.0 -12.3

Construction 23 0.3 1.4 1.1 3.8 -5.7 7.1

Manufacturing 31-33 -3.3 -7.0 -3.9 1.1 -4.4 -7.0

Durable Manufacturing 321,327,33 -3.2 -8.3 -5.3 0.4 -5.9 -8.6

Nondurable Manufacturing 31,322-326 -2.9 -5.6 -2.8 1.8 -1.9 -5.3

Wholesale trade 42 0.7 -2.1 -2.8 0.8 -5.8 -2.6

Retail trade 44,45 -1.0 -0.1 0.8 1.6 -3.1 4.2

Transportation and warehousing 48-49 -8.1 -15.1 -7.6 3.2 -4.6 -14.4

Information 51 -0.1 3.4 3.6 5.9 -0.8 4.3

Finance and insurance 52 -0.5 1.9 2.3 4.3 3.3 -1.1

Real estate and rental and leasing 53 -1.9 -3.0 -1.1 1.5 -5.6 -2.0

Professional and technical services 54 0.3 -3.1 -3.3 6.6 -3.7 -5.8

Management of companies 55 -3.3 2.0 5.5 0.9 8.2 2.9

Admin and waste services 56 -0.2 -3.2 -3.0 4.6 -7.3 1.1

Educational services 61 -10.9 -17.3 -7.2 1.8 -7.8 -9.3

Health care and social assistance 62 -4.8 -7.5 -2.9 2.9 -2.0 -4.8

Arts, entertainment, and recreation 71 -17.9 -37.7 -24.1 2.7 -25.6 -33.8

Accommodation and food services 72 -8.6 -25.9 -18.9 2.0 -20.9 -24.3

Other services, except government 81 -3.0 -14.8 -12.1 1.9 -12.4 -13.2

1. Intermediate inputs is an aggregation of energy, materials, and purchased business services

Table 2. Total factor productivity intermediate inputs, 2020

Industry

2012 

NAICS 

Code

Percent change

Energy Input Materials Input Services 

Input1

Agriculture, forestry, fishery, and hunting 11 3.4 10.7 1.2

Mining 21 -19.3 -11.5 -31.0

Utilities 22 -7.7 5.8 -19.2

Construction 23 16.1 2.2 22.1

Manufacturing 31-33 -17.4 -2.7 -14.2

Durable manufacturing 321,327,33 -15.7 -4.7 -15.7

Nondurable manufacturing 31,322-326 -17.1 -2.9 -11.4

Wholesale trade 42 -0.5 26.9 -4.4

Retail trade 44,45 1.0 24.4 1.5

Transportation and warehousing 48-49 -42.1 -1.8 -9.2

Information 51 -22.1 -1.0 6.0

Finance and insurance 52 10.8 -12.4 -1.1

Real estate and rental and leasing 53 2.4 -9.3 -1.9

Professional and technical services 54 -9.2 -6.8 -5.5

Management of companies 55 4.9 24.3 1.2

Admin and waste services 56 -8.3 -4.2 2.6

Educational services 61 -27.2 8.6 -12.2

Health care and social assistance 62 -21.8 -6.0 -4.0

Arts, entertainment, and recreation 71 -37.7 -40.6 -31.8

Accommodation and food services 72 -22.3 -22.5 -25.1

Other services, except government 81 -31.4 -17.4 -10.5

1. Purchased business services
10

Table 3. Total factor productivity and related data, 1987-2020

Industry

2012 

NAICS 

Code

Average annual percent change

TFP Output Combined 

Inputs

Capital 

Input

Labor 

Input

Intermediate 

Inputs1

Agriculture, forestry, fishery, and 

hunting 11 1.2 1.4 0.2 0.3 -0.1 0.2

Mining 21 1.4 1.3 0.0 -0.1 -0.2 1.1

Utilities 22 0.5 1.3 0.7 1.7 -0.4 0.3

Construction 23 -0.7 0.6 1.3 3.0 1.2 1.1

Manufacturing 31-33 0.7 1.2 0.5 2.3 -0.5 0.2

Durable manufacturing 321,327,33 1.3 1.6 0.3 2.2 -0.5 0.1

Nondurable manufacturing 31,322-326 -0.1 0.4 0.5 2.4 -0.4 0.2

Wholesale trade 42 1.1 3.5 2.4 3.4 0.5 3.9

Retail trade 44,45 1.0 2.9 1.8 3.7 0.5 2.7

Transportation and warehousing 48-49 0.4 2.3 1.9 2.0 1.5 2.3

Information 51 0.8 5.1 4.3 6.4 0.7 5.2

Finance and insurance 52 0.0 2.9 2.9 5.1 1.5 3.0

Real estate and rental and leasing 53 -0.2 2.8 3.1 3.1 1.1 3.7

Professional and technical services 54 0.4 3.8 3.4 7.3 2.4 4.5

Management of companies 55 0.0 3.0 3.0 2.8 1.6 5.4

Admin and waste services 56 0.3 4.2 3.9 6.7 2.5 5.4

Educational services 61 -0.5 3.2 3.6 4.5 6.0 2.6

Health care and social assistance 62 -0.6 3.0 3.6 4.4 3.3 3.8

Arts, entertainment, and recreation 71 -0.3 1.8 2.2 2.9 1.1 2.9

Accommodation and food services 72 0.0 1.4 1.4 2.0 1.0 1.6

Other services, except government 81 -0.3 1.4 1.7 2.5 0.8 2.8

1. Intermediate inputs is an aggregation of energy, materials, and purchased business services

Table 4. Total factor productivity intermediate inputs, 1987-2020

Industry

2012 NAICS 

Code

Average annual percent change

Energy Input Materials Input Services 

Input1

Agriculture, forestry, fishery, and hunting 11 0.3 1.2 -0.4

Mining 21 -0.1 1.8 0.9

Utilities 22 -0.3 -0.9 2.8

Construction 23 2.7 1.5 0.2

Manufacturing 31-33 -2.6 0.7 -0.3

Durable manufacturing 321,327,33 -3.9 0.8 -0.6

Nondurable manufacturing 31,322-326 -1.7 0.3 0.1

Wholesale trade 42 1.7 3.7 4.1

Retail trade 44,45 0.7 3.2 2.8

Transportation and warehousing 48-49 -0.8 3.3 3.1

Information 51 1.7 3.8 6.2

Finance and insurance 52 3.5 0.4 3.1

Real estate and rental and leasing 53 9.7 0.2 3.9

Professional and technical services 54 1.3 4.9 4.6

Management of companies 55 3.9 10.3 5.0

Admin and waste services 56 0.4 4.2 6.2

Educational services 61 1.2 3.3 2.5

Health care and social assistance 62 0.3 1.6 5.1

Arts, entertainment, and recreation 71 0.9 3.7 2.8

Accommodation and food services 72 1.4 -0.7 3.7

Other services, except government 81 -1.5 2.0 3.5

1. Purchased business services
11

Table 5. Sources of labor productivity, 2020

Industry

2012

NAICS

code

Percent 

change Percentage Point

Labor 

Productivity TFP Capital Intensity

Labor 

Composition

Energy 

Intensity

Materials 

Intensity

Services1

Intensity

Agriculture, forestry, 

fishery, and hunting 11 12.5 7.4 1.2 -0.3 0.2 2.9 0.8

Mining 21 1.0 -4.0 7.6 0.9 0.0 1.3 -4.3

Utilities 22 -2.1 1.8 1.3 0.1 -1.5 0.2 -3.9

Construction 23 8.2 0.3 1.0 0.2 0.5 3.0 2.9

Manufacturing 31-33 -0.4 -3.3 2.4 0.7 -0.2 1.1 -1.1

Durable Manufacturing 321,327,33 -0.3 -3.2 2.4 0.8 -0.1 0.8 -1.0

Nondurable 

Manufacturing 31,322-326 -1.3 -2.9 1.7 0.5 -0.3 0.6 -0.9

Wholesale trade 42 4.4 0.7 1.8 0.2 0.1 0.8 0.8

Retail trade 44,45 3.8 -1.0 0.9 0.2 0.1 1.5 2.0

Transportation and 

warehousing 48-49 -12.6 -8.1 0.9 -0.8 -3.2 0.1 -1.9

Information 51 9.5 -0.1 4.5 1.2 -0.1 0.3 3.4

Finance and insurance 52 -0.4 -0.5 0.6 0.4 0.1 -0.1 -0.9

Real estate and rental and 

leasing 53 1.8 -1.9 2.3 -0.1 0.4 -0.2 1.3

Professional and technical 

services 54 0.2 0.3 1.0 -0.3 0.0 -0.2 -0.5

Management of 

companies 55 -0.7 -3.3 -0.1 2.8 0.0 0.6 -0.5

Admin and waste 

services 56 4.9 -0.2 1.3 0.3 0.0 0.3 3.2

Educational services 61 -9.0 -10.9 1.7 0.5 -0.5 1.8 -1.3

Health care and social 

assistance 62 -3.9 -4.8 0.7 0.7 -0.2 -0.3 -0.1

Arts, entertainment, and 

recreation 71 -15.6 -17.9 7.3 0.3 -0.2 -1.7 -2.5

Accommodation and food 

services 72 -7.0 -8.6 4.1 -0.3 -0.1 -0.3 -1.5

Other services, except 

government 81 -1.5 -3.0 0.8 0.5 -0.2 -0.7 1.1

1. Purchased business services
12

Table 6. Industry contributions1to private business output by component, 2008-092

Industry

2012 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 -0.81 0.14 -1.19

Agriculture, forestry, fishery, and hunting 11 0.12 -0.05 -0.01

Mining 21 0.07 0.02 -0.02

Utilities 22 -0.05 0.04 0.00

Construction 23 -0.15 -0.02 -0.59

Manufacturing 31-33 -0.80 0.15 -0.58

Durable manufacturing3 321,327,33 -0.60 0.03 -0.43

Nondurable manufacturing 31,322-326 -0.20 0.12 -0.16

ICT4 51x 0.21 0.18 -0.05

Information 51 -0.01 0.06 -0.06

FIRE 52-53 0.24 0.06 -0.19

Finance and insurance 52 0.43 0.02 -0.14

Real estate and rental and leasing 53 -0.19 0.04 -0.05

Service providing sector 42-49,54-81 -0.33 0.24 -0.87

Wholesale trade 42 -0.21 -0.02 -0.16

Retail trade 44,45 -0.06 0.01 -0.18

Transportation and warehousing 48-49 -0.02 0.01 -0.11

Professional and technical services 5 54 0.06 0.06 -0.16

Management of companies 55 -0.14 0.01 0.05

Admin and waste services 56 0.06 0.02 -0.25

Educational services 61 0.05 0.01 0.01

Health care and social assistance 62 0.14 0.05 0.10

Arts, entertainment, and recreation 71 0.00 0.01 -0.01

Accommodation and food services 72 -0.10 0.02 -0.06

Other services, except government 81 -0.10 0.01 -0.04

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. 2008-09 is reported as the average annual rate of change of growth

3. Goods producing sector except for computer and electronic products (NAICS 334)

4. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less 

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

5. Service providing sector, except for computer systems design and related services (NAICS 5415)
13

Table 7. Industry contributions1to private business output by component, 2020

Industry

2012 NAICS 

Code

Percentage Point

TFP Capital Labor

Goods producing sector 11-33 -0.64 0.16 -0.71

Agriculture, forestry, fishery, and hunting 11 0.17 0.00 -0.02

Mining 21 -0.08 0.00 -0.08

Utilities 22 0.06 0.03 0.00

Construction 23 0.03 0.04 -0.28

Manufacturing 31-33 -0.83 0.08 -0.33

Durable manufacturing2 321,327,33 -0.43 0.02 -0.27

Nondurable manufacturing 31,322-326 -0.40 0.07 -0.06

ICT351x -0.03 0.25 -0.03

Information 51 0.05 0.02 -0.02

FIRE 52-53 -0.33 0.26 0.12

Finance and insurance 52 -0.07 0.19 0.20

Real estate and rental and leasing 53 -0.26 0.07 -0.08

Service providing sector 42-49,54-81 -2.37 0.28 -2.01

Wholesale trade 42 0.08 0.02 -0.22

Retail trade 44,45 -0.11 0.03 -0.14

Transportation and warehousing 48-49 -0.62 0.03 -0.14

Professional and technical services 4 54 0.01 0.07 -0.29

Management of companies 55 -0.14 0.00 0.18

Admin and waste services 56 -0.01 0.03 -0.27

Educational services 61 -0.14 0.00 -0.03

Health care and social assistance 62 -0.62 0.04 -0.10

Arts, entertainment, and recreation 71 -0.29 0.01 -0.16

Accommodation and food services 72 -0.46 0.02 -0.58

Other services, except government 81 -0.12 0.00 -0.23

1. Contributions may not sum due to aggregation, rounding, and integration of the top line to industry

2. Goods producing sector except for computer and electronic products (NAICS 334)

3. Information and communication technology sector (NAICS 51x), is the information major industry (NAICS 51) less

publishing, except internet (includes software) (NAICS 511) and motion picture and sound recording (NAICS 512), plus 

computer and electronic products (NAICS 334) and computer systems design and related services (NAICS 5415)

4. Service providing sector, except for computer systems design and related services (NAICS 5415)