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Preliminary estimates of multifactor productivity growth
The 2003 multifactor productivity growth rate was corrected on this page on July 8, 2005.
Peter B. Meyer
Research Economist, Division of Productivity Research and Program Development,
Office of Productivity and Technology, Bureau of Labor Statistics.
E-mail:
Meyer.Peter@bls.gov
Michael J. Harper
Chief, Division of Productivity Research and Program Development,
Office of Productivity and Technology, Bureau of Labor Statistics.
E-mail:
Harper.Mike@bls.gov
Final multifactor productivity measures take more than a year to complete; using a simplified methodology and preliminary data, it is estimated that private business multifactor productivity grew 3.1 percent in 2003 and 3.3 percent in 2004.
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