The Cefa Brief
CommentaryInsightsPerspectivesExplainers
Archive
Matching these filters: 1 piece
Pieces
- PerspectivesStrategic Technology
Diffusion rather than invention is the binding step in technological change, and no series in the record counts it
Computer and electronic product output rose 21.1 index points between 2020 and 2025 while manufacturing output as a whole ended 2.7 points below its own 2017 base. Core capital-goods orders, the closest series in the record to the channel by which equipment reaches firms that do not make it, averaged 77 billion dollars a month in 2022 and the same in 2025.