5260.0.55.001 - Information paper: Experimental Estimates of Industry Multifactor Productivity, 2007

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2007 First Issue

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Contents >> Methodology and interpretation >> Output

OUTPUT

As identified above, there are two different measures for industry output, value added and gross output. Gross output is the total value of all products produced by all firms operating in an industry, while value added is the total value of products produced in an industry minus the value of intermediate inputs used during the production process.

Gross output and value added are obtained from the ABS supply-use tables. Data from the supply-use tables are available from 1994-95. While gross output data are only available from this date, industry value added data are available from 1974-75. MFP estimates based on value added are available from 1985-86 as this is the earliest available data for industry level hours worked.