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[IWS] BLS: Korea & Sweden highest manufacturing productivity increase in 2004 [22 February 2006]

IWS Documented News Service
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Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
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MLR: Editor's Desk

Korea and Sweden record largest manufacturing productivity increases in 2004 [22 February 2006]
http://www.bls.gov/opub/ted/tedhome.htm


Manufacturing labor productivity increased in 13 of 15 economies in 2004. Korea and Sweden had the largest productivity increases (12.1 and 9.8 percent respectively).


Percent change in manufacturing output per hour, by country, revised, 2004

[CHART]

Percent
Country change

Korea 12.1
Sweden 9.8
Japan 6.9
U.K. 5.6
Netherlands 5.3
U.S. 5.2
Germany 4.7
Taiwan 4.7
France 3.5
Belgium 3.2
Canada 2.9
Norway 2.3
Denmark 0.9
Australia -0.6
Italy -0.6


Japan, the United Kingdom, Netherlands, and the U.S. also showed productivity gains of over 5 percent. The U.S. increase of 5.2 percent was the sixth highest. The U.S. productivity increase is a revision from the preliminary estimate of 4.7 percent released in October 2005.

Australia and Italy were the only two economies showing declines in manufacturing productivity in 2004.

AND MORE.....

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Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
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Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
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