This paper assesses whether Information and Communications Technology (ICT) equipment manufacturing is a standardised, or even declining, industry, or whether it is still in a phase of innovative expansion. The analysis uses the results of calculations performed on growth accounting data. In particular, data from the latest KLEMS productivity accounting online platforms were used. Based on the reasoning presented in the article, a proper comparison of the compound gross value added (GVA) growth rates, and the compound multifactor productivity (MFP) contributions to them, warrants the conclusion that, at least for the countries analysed, the ICT industry remains vibrant.