FEDERAL RESERVE STATISTICAL RELEASE
G.17 (419) For release at 9:15 a.m. (EDT)
May 17, 2011
Industrial Production and Capacity Utilization
Industrial production was unchanged in April after having increased 0.7 percent in March. Output in
February is now estimated to have declined 0.3 percent; previously it was reported to have edged up 0.1
percent. In April, manufacturing production fell 0.4 percent after rising for nine consecutive months.
Total motor vehicle assemblies dropped from an annual rate of 9.0 million units in March to 7.9 million
units in April, mainly because of parts shortages that resulted from the earthquake in Japan. Excluding
motor vehicles and parts, factory production rose 0.2 percent in April. The output of mines advanced 0.8
percent, while the output of utilities increased 1.7 percent. At 93.1 percent of its 2007 average, total
industrial production was 5.0 percent above its year-earlier level. The rate of capacity utilization for
total industry edged down 0.1 percentage point to 76.9 percent, a rate 3.5 percentage points below its
average from 1972 to 2010.
Market Groups
-------------
The production of consumer goods decreased 0.7 percent in April because of weakness in the output of
consumer durable goods. The index for consumer durable goods fell 4.4 percent, while the index for
consumer nondurables rose 0.3 percent. Within the durables category, the output of automotive products
dropped 7.0 percent, and the output of appliances, furniture, and carpeting fell 4.2 percent. The index
for miscellaneous consumer durables recorded a decrease of 0.2 percent, while the index for home
electronics increased 0.7 percent. The output of non-energy nondurable goods rose 0.6 percent, with gains
in all of its main components. The output of consumer energy products declined 0.5 percent.
The index for business equipment fell 0.4 percent in April following a loss of 0.5 percent in March.
Within business equipment in April, the output of transit equipment decreased 3.6 percent as a result of
the large drop in motor vehicle assemblies; the production of most other types of transit equipment,
particularly civilian aircraft, advanced substantially. The index for industrial and other equipment
gained 0.7 percent, while the index for information processing equipment was unchanged. Despite a second
consecutive monthly decrease in business equipment, the index in April was 9.9 percent above its level 12
months earlier.
The production index for defense and space equipment was unchanged in April after decreasing 0.3 percent
in the previous month. Output in April was 1.4 percent above its year-earlier level.
Among nonindustrial supplies, the output of construction supplies declined 0.1 percent in April. This
index has risen 3.0 percent since April 2010 but remains well below its pre-recession peak. The production
of business supplies increased 0.7 percent in April following a similarly sized gain in March. Within
business supplies in April, the index for commercial energy advanced 0.6 percent, and the index for
non-energy business supplies moved up 0.7 percent--its sixth consecutive monthly increase.
The output of materials to be processed further in the industrial sector rose 0.3 percent in April after
increasing 0.9 percent in March. The output of durable materials declined 0.4 percent in April; a drop of
5.4 percent in consumer parts--primarily motor vehicle parts--more than offset an increase of 0.9 percent
in equipment parts. The output of nondurable materials edged up 0.2 percent after increasing 0.5 percent
in March. In April, among nondurable materials, a sizable increase in textile production and a small gain
in chemical production more than offset a decrease in the output of paper. The index for energy materials
moved up 1.1 percent, with similarly sized increases in primary energy and converted fuel.
Industry Groups
---------------
In April, manufacturing output fell 0.4 percent after increasing 0.6 percent in March. The rates of
change for manufacturing were also revised down for both January and February; lower estimates for the
production of cigarettes, petroleum products, pharmaceuticals, microprocessors, and military aircraft
contributed to the downward revisions. The index for manufacturing in April was 4.6 percent above its
year-earlier level. Capacity utilization for manufacturing moved down 0.4 percentage point to 74.4
percent, a rate 10.0 percentage points above its trough in June 2009 but still 4.6 percentage points below
its average from 1972 to 2010.
The production index for durable goods dropped 1.0 percent in April. The output of motor vehicles and
parts fell 8.9 percent after increasing 3.6 percent in March. In addition, in April, significant losses in
output were recorded in the following industries: primary metals; electrical equipment, appliances, and
components; and furniture and related products. Durable goods industries with gains in output included
nonmetallic mineral products, fabricated metal products, machinery, computer and electronic products, and
aerospace and miscellaneous transportation equipment.
The production of nondurables edged up 0.1 percent in April after advancing 0.5 percent in March. In
April, decreases for paper products and for petroleum and coal products were more than offset by gains for
all other categories, with increases of nearly 1 percent or more for textile and product mills, apparel and
leather, and printing and support. Production in the non-NAICS manufacturing industries (logging and
publishing) rose 0.8 percent after declining for four consecutive months.
In April, mining output rose 0.8 percent. Gains in oil and gas extraction, in support activity for
mining, and in coal mining more than offset decreases in metal ore mining and in nonmetallic mineral mining
and quarrying. Capacity utilization for mining moved up 0.6 percentage point to 88.2 percent, a rate 0.8
percentage point above its average for the period from 1972 to 2010. The output of utilities increased 1.7
percent, and its capacity utilization rate rose to 81.6 percent, a rate 5.0 percentage points below its
average from 1972 to 2010.
Capacity utilization rates in April for industries grouped by stage of process were as follows: At the
crude stage, utilization increased 0.4 percentage point to 87.0 percent, a rate 0.6 percentage point above
its long-run (1972 to 2010) average; at the primary and semifinished stages, utilization moved up 0.1
percentage point to 74.5 percent, a rate 6.8 percentage points below its long-run average. At the finished
stage, utilization fell 0.5 percentage point to 75.6 percent, a rate 1.7 percentage points below its
long-run average.
Revision of Industrial Production and Capacity Utilization
The Federal Reserve Board released its annual revision to the index of industrial production and the
related measures of capacity and utilization on March 25, 2011. This revision incorporated detailed data
from the 2009 Annual Survey of Manufactures, which was conducted by the U.S. Census Bureau. In addition,
data from selected editions of the Census Bureau's 2009 Current Industrial Reports and annual data from the
U.S. Geological Survey regarding metallic and nonmetallic minerals (except fuels) for 2009 were
incorporated. Monthly indicators (either product data or input data) were revised, and the estimation
methods for some series were changed. The new monthly production estimates reflected the incorporation of
updated seasonal factors and monthly and quarterly source data that became available (or were revised)
after the closing of the reporting window. Data on capacity utilization from the Census Bureau's Quarterly
Survey of Plant Capacity for 2010 were incorporated in the revision.
The published revision release is available on the Board's website at
www.federalreserve.gov/releases/G17. The revised data are also available through the website of the
Department of Commerce. Further information on the revision can be obtained from the Board's Industrial
Output Section (telephone number 202-452-3197).
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| 2007=100 | Percent change
| ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
| 2010 2011 | 2010 2011 | Apr. '10 to
Industrial production | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] | Apr. '11
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total index | 91.4 92.6 92.7 92.4 93.1 93.1 | .3 1.3 .1 -.3 .7 .0 | 5.0
Previous estimates | 91.4 92.6 92.8 92.8 93.6 | .3 1.3 .1 .1 .8 |
| | |
Major market groups | | |
Final Products | 92.7 93.8 94.5 94.4 94.8 94.3 | -.2 1.2 .7 -.1 .5 -.5 | 5.2
Consumer goods | 92.0 93.3 93.6 93.1 93.9 93.2 | -.3 1.4 .3 -.5 .9 -.7 | 3.9
Business equipment | 91.3 92.3 94.0 94.8 94.4 94.0 | .2 1.2 1.8 .9 -.5 -.4 | 9.9
Nonindustrial supplies | 83.0 83.3 83.2 82.9 83.5 83.9 | 1.0 .4 -.1 -.4 .7 .4 | 2.7
Construction | 75.0 74.4 74.8 74.3 75.2 75.1 | .9 -.7 .5 -.6 1.2 -.1 | 3.0
Materials | 93.2 94.7 94.3 94.0 94.9 95.2 | .5 1.6 -.4 -.3 .9 .3 | 5.4
| | |
Major industry groups | | |
Manufacturing (see note below) | 87.9 88.8 89.4 89.5 90.1 89.7 | .2 1.1 .6 .2 .6 -.4 | 4.6
Previous estimates | 87.9 88.9 89.6 90.1 90.7 | .2 1.1 .8 .6 .7 |
Mining | 104.5 104.5 103.3 102.3 103.8 104.6 | -.2 .0 -1.2 -.9 1.4 .8 | 4.1
Utilities | 100.6 105.1 103.4 101.0 101.7 103.4 | 1.8 4.5 -1.7 -2.3 .7 1.7 | 8.0
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Capacity
| Percent of capacity | growth
| ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
| Average 1988- 1990- 1994- 2008- | |
| 1972- 89 91 95 09 2010 | 2010 2011 | Apr. '10 to
Capacity utilization | 2010 high low high low Apr. | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] | Apr. '11
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | 80.4 85.2 78.8 85.1 67.3 73.2 | 75.8 76.8 76.8 76.5 77.0 76.9 | -.1
Previous estimates | | 75.8 76.8 76.9 76.9 77.4 |
| | |
Manufacturing (see note below) | 79.0 85.5 77.3 84.7 64.4 70.7 | 73.1 73.9 74.3 74.4 74.8 74.4 | -.6
Previous estimates | | 73.1 73.9 74.5 74.9 75.3 |
Mining | 87.4 86.3 83.8 88.5 79.0 85.5 | 88.9 88.8 87.6 86.6 87.6 88.2 | 1.0
Utilities | 86.6 92.9 84.3 93.3 79.2 78.3 | 80.4 83.7 82.1 80.0 80.4 81.6 | 3.6
| | |
Stage-of-process groups | | |
Crude | 86.4 87.7 84.3 89.6 77.6 84.9 | 86.8 87.4 86.8 85.9 86.6 87.0 | .9
Primary and semifinished | 81.3 86.5 77.9 87.9 64.9 70.2 | 73.0 74.5 74.3 73.7 74.4 74.5 | -.8
Finished | 77.3 83.3 77.4 80.7 66.8 72.2 | 74.5 75.0 75.6 76.0 76.1 75.6 | .7
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
r Revised. p Preliminary.
Note. The statistics in this release cover output, capacity, and capacity utilization in the
U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
North American Industry Classification System (NAICS); electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
Logging and publishing are classified elsewhere in NAICS (under agriculture and information
respectively), but historically they were considered to be manufacturing and were included in
the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002
the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.
Table 1
Industrial Production: Market and Industry Group Summary
Percent change, seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | Fourth quarter to | | |
| | | fourth quarter | Annual rate | Monthly rate |
| | |------------------------------|------------------------------|------------------------------------------------------------| Apr. '10
| | 2010 | | 2010 2011 | 2010 2011 | to
Item | NAICS |Proportion<1>| 2008 2009 2010 | Q3 Q4[r] Q1[r] | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] | Apr. '11
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | | | |
Total IP | | 100.00 | -9.1 -5.5 6.2 | 6.7 3.1 4.6 | .3 1.3 .1 -.3 .7 .0 | 5.0
| | | | | |
MARKET GROUP | | | | | |
Final products and nonindustrial supplies | | 55.24 | -9.1 -5.5 5.3 | 6.6 1.6 5.2 | .1 1.0 .5 -.2 .6 -.3 | 4.6
Consumer goods | | 29.07 | -7.5 -2.1 3.3 | 7.1 -.4 4.4 | -.3 1.4 .3 -.5 .9 -.7 | 3.9
Durable | | 6.17 | -18.5 -1.7 5.6 | 10.6 -3.2 21.2 | -.9 .3 2.2 3.0 2.3 -4.4 | 6.2
Automotive products | | 3.26 | -22.2 9.1 6.1 | 20.9 -7.1 31.4 | -2.9 .5 3.8 4.0 3.6 -7.0 | 8.7
Home electronics | | .23 | -6.5 2.5 -6.8 | 3.5 -13.8 -9.9 | -.9 -1.3 -1.1 -.8 .5 .7 | -3.4
Appliances, furniture, carpeting | | .82 | -22.2 -15.0 3.1 | -6.4 1.0 9.3 | 2.6 -2.4 -.6 3.7 3.5 -4.2 | -1.1
Miscellaneous goods | | 1.85 | -12.7 -12.1 7.6 | 2.6 3.7 13.7 | 1.4 1.3 1.0 1.4 -.2 -.2 | 6.3
Nondurable | | 22.91 | -3.9 -2.2 2.6 | 6.2 .4 .2 | -.1 1.7 -.2 -1.5 .4 .3 | 3.3
Non-energy | | 16.98 | -5.7 -2.8 2.2 | 1.6 2.7 -.2 | -.5 .4 .3 -.7 .1 .6 | 2.1
Foods and tobacco | | 9.43 | -4.1 -1.2 4.8 | 5.4 2.4 .1 | -1.6 .6 .7 -.7 .0 .3 | 3.2
Clothing | | .21 | -12.3 -23.8 7.5 | 1.7 6.8 -.4 | .1 1.0 -.3 .6 -2.7 1.5 | 2.2
Chemical products | | 5.26 | -7.3 -3.5 -.6 | -2.8 3.1 .3 | .8 .3 -.3 -.4 .6 1.2 | 1.1
Paper products | | 1.56 | -9.8 -5.7 -3.2 | -4.2 1.9 -5.2 | 1.5 .2 -.3 -2.5 -.1 .6 | -2.0
Energy | | 5.92 | 1.9 .1 3.9 | 21.5 -6.0 1.8 | 1.1 5.4 -1.4 -3.6 1.3 -.5 | 7.6
| | | | | |
Business equipment | | 9.06 | -12.9 -7.9 12.2 | 12.4 9.4 13.1 | .2 1.2 1.8 .9 -.5 -.4 | 9.9
Transit | | 1.88 | -35.4 11.9 10.4 | 32.2 -3.4 18.3 | -2.0 -.4 1.8 3.9 2.2 -3.6 | 13.2
Information processing | | 2.51 | -3.7 1.3 11.3 | 13.3 11.3 8.8 | .8 .6 1.1 .6 -.2 .0 | 9.4
Industrial and other | | 4.67 | -8.4 -18.0 13.3 | 4.9 14.1 13.3 | .8 2.1 2.2 -.1 -1.7 .7 | 8.9
Defense and space equipment | | 2.36 | 1.9 1.2 5.5 | 6.5 -1.0 1.5 | -.6 -.5 .7 .4 -.3 .0 | 1.4
| | | | | |
Construction supplies | | 4.08 | -17.0 -17.3 10.1 | 2.0 5.0 1.2 | .9 -.7 .5 -.6 1.2 -.1 | 3.0
Business supplies | | 10.06 | -8.7 -5.8 1.5 | 2.1 -.8 1.9 | 1.0 .8 -.4 -.2 .6 .7 | 2.6
| | | | | |
Materials | | 44.76 | -9.1 -5.5 7.5 | 6.9 5.0 3.9 | .5 1.6 -.4 -.3 .9 .3 | 5.4
Non-energy | | 27.26 | -14.1 -7.7 8.0 | 5.4 5.5 9.4 | .4 1.8 .8 -.2 .9 -.2 | 6.0
Durable | | 15.40 | -13.7 -12.9 11.6 | 6.4 7.4 13.8 | .7 1.2 1.5 .4 1.2 -.4 | 8.4
Consumer parts | | 2.02 | -26.0 -14.7 9.0 | 7.0 -3.8 10.1 | -.1 -.5 .9 1.7 2.4 -5.4 | 2.1
Equipment parts | | 5.71 | -7.3 -10.7 12.1 | 7.5 12.4 19.8 | 1.6 2.6 1.8 .0 1.6 .9 | 12.7
Other | | 7.67 | -14.3 -14.0 11.9 | 5.4 6.8 10.3 | .2 .7 1.5 .4 .6 -.2 | 6.7
Nondurable | | 11.87 | -14.8 .0 3.5 | 3.9 2.9 3.8 | .1 2.5 -.2 -1.0 .5 .2 | 3.0
Textile | | .47 | -16.9 -4.6 9.5 | 14.0 7.0 .9 | 1.2 3.8 -3.6 3.8 -4.3 4.5 | 9.7
Paper | | 2.30 | -11.0 -4.5 .5 | -3.3 -1.1 2.5 | .2 1.1 .8 -1.3 -.3 -.2 | -1.6
Chemical | | 5.44 | -21.1 2.9 4.8 | 6.6 3.4 7.8 | .3 3.9 -.4 -1.5 1.9 .2 | 5.3
Energy | | 17.50 | -.8 -1.9 6.5 | 9.2 4.2 -4.3 | .6 1.4 -2.1 -.6 .9 1.1 | 4.4
| | | | | |
| | | | | |
INDUSTRY GROUP | | | | | |
Manufacturing | | 74.67 | -11.8 -6.1 6.1 | 5.1 3.4 7.0 | .2 1.1 .6 .2 .6 -.4 | 4.6
Manufacturing (NAICS) | 31-33 | 71.48 | -11.8 -5.9 6.6 | 5.6 3.9 7.6 | .2 1.1 .7 .2 .6 -.5 | 5.0
| | | | | |
Durable manufacturing | | 35.68 | -13.3 -9.1 9.7 | 8.3 5.8 14.0 | .5 1.0 1.5 1.0 .8 -1.0 | 8.0
Wood products | 321 | .93 | -22.5 -11.7 6.3 | -12.8 8.6 9.6 | .8 1.3 1.0 -.8 2.1 -.4 | 1.6
Nonmetallic mineral products | 327 | 1.57 | -19.4 -18.3 7.0 | 5.1 1.5 -8.3 | .2 -3.2 -1.6 1.9 .7 .5 | 1.0
Primary metals | 331 | 2.19 | -19.9 -8.3 12.6 | -9.0 16.8 26.1 | 3.0 4.4 1.4 .2 1.5 -1.8 | 7.4
Fabricated metal products | 332 | 5.14 | -11.8 -19.3 14.0 | 18.3 7.8 8.3 | 1.3 .8 .6 .1 1.1 .4 | 11.7
Machinery | 333 | 4.63 | -9.0 -20.4 16.3 | 6.7 15.9 25.6 | 1.4 3.1 3.8 -.2 -1.0 .2 | 13.2
Computer and electronic products | 334 | 6.51 | -5.7 1.4 11.1 | 7.5 10.6 15.7 | 1.3 2.1 1.5 .4 .4 1.1 | 10.7
Electrical equip., appliances, | | | | | |
and components | 335 | 1.74 | -10.5 -17.5 9.6 | 3.8 9.2 .8 | .8 -1.0 .4 .1 .4 -2.3 | .9
Motor vehicles and parts | 3361-3 | 4.50 | -28.7 2.3 10.2 | 26.6 -11.2 32.7 | -3.5 .2 3.8 4.9 3.6 -8.9 | 8.4
Aerospace and miscellaneous | | | | | |
transportation equipment | 3364-9 | 4.20 | -13.7 .8 .9 | 5.6 -.5 .8 | -.3 -.6 .1 .5 .7 1.3 | 2.9
Furniture and related products | 337 | 1.04 | -20.7 -21.3 6.5 | 1.6 4.5 6.8 | 1.2 -.3 .2 1.1 1.6 -1.1 | 4.3
Miscellaneous | 339 | 3.22 | -1.1 -5.3 4.1 | 2.0 6.4 11.6 | .8 .4 1.3 1.9 -.8 .3 | 6.1
| | | | | |
Nondurable manufacturing | | 35.80 | -10.1 -2.3 3.5 | 2.8 1.9 1.5 | -.2 1.2 -.2 -.5 .5 .1 | 2.1
Food, beverage, and tobacco products | 311,2 | 11.70 | -3.4 -.5 4.4 | 6.1 2.6 -.3 | -1.5 .6 .4 -.6 .0 .3 | 3.1
Textile and product mills | 313,4 | .74 | -16.7 -10.5 6.7 | 6.7 2.8 -1.5 | .2 2.1 -2.6 2.7 -2.8 2.4 | 4.2
Apparel and leather | 315,6 | .29 | -18.6 -18.9 6.7 | 3.5 12.8 5.0 | .5 2.4 .0 .4 -2.1 .9 | 4.6
Paper | 322 | 2.75 | -12.9 -.3 2.2 | -3.1 1.5 2.6 | .4 1.3 .7 -1.8 .2 -.6 | -1.0
Printing and support | 323 | 1.57 | -10.3 -13.5 -3.0 | -1.9 -7.5 -2.4 | -.7 -.6 -.6 1.1 -.2 1.3 | -.6
Petroleum and coal products | 324 | 3.81 | -4.0 -.9 4.3 | 4.9 .0 -7.5 | .2 1.2 -3.0 -.6 2.0 -2.9 | -2.7
Chemicals | 325 | 11.88 | -14.6 -.5 1.9 | 1.0 2.3 5.5 | .7 2.1 -.1 -.7 1.0 .6 | 3.0
Plastics and rubber products | 326 | 3.06 | -15.5 -7.3 9.8 | 2.8 4.1 6.1 | .3 .7 .9 -.1 .2 .4 | 4.2
| | | | | |
Other manufacturing (non-NAICS) | 1133,5111 | 3.19 | -12.2 -10.0 -4.7 | -4.6 -6.2 -6.4 | .4 -.2 -.3 -1.8 -.5 .8 | -3.8
| | | | | |
Mining | 21 | 13.94 | -.4 -5.4 9.9 | 9.9 8.1 -5.5 | -.2 .0 -1.2 -.9 1.4 .8 | 4.1
Utilities | 2211,2 | 11.39 | -.4 -1.3 3.1 | 13.5 -4.8 1.9 | 1.8 4.5 -1.7 -2.3 .7 1.7 | 8.0
Electric | 2211 | 9.73 | -1.5 -1.7 2.5 | 10.4 -8.6 6.3 | 1.3 3.9 -.4 -1.8 .5 2.1 | 6.9
Natural gas | 2212 | 1.66 | 5.1 .9 6.8 | 34.2 20.3 -20.0 | 5.0 7.8 -8.5 -5.6 1.9 -.5 | 15.3
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[r] Revised. [p] Preliminary.
<1> The proportion data are the relative weights for the rates of change for each series in the computation of the change in total industrial production in the following year.
Note. Under industry groups, the figures to the right of the series descriptions are 2002 North American Industry Classification System (NAICS) codes. The abbreviation pt
denotes part of a NAICS code. Additional industry detail is available on the Board's web site (www.federalreserve.gov/releases/G17). Under market groups, in
the products category, miscellaneous consumer nondurables, oil and gas drilling, and manufactured homes are not shown separately; in the nondurable materials
category, containers and miscellaneous nondurable materials are not shown separately.
Table 2
Industrial Production: Special Aggregates and Selected Detail
Percent change, seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | Fourth quarter to | | |
| | | fourth quarter | Annual rate | Monthly rate |
| | |------------------------------|------------------------------|------------------------------------------------------------| Apr. '10
| | 2010 | | 2010 2011 | 2010 2011 | to
Item | NAICS | Proportion| 2008 2009 2010 | Q3 Q4[r] Q1[r] | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] | Apr. '11
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | | | |
Total industry | | 100.00 | -9.1 -5.5 6.2 | 6.7 3.1 4.6 | .3 1.3 .1 -.3 .7 .0 | 5.0
| | | | | |
Energy | | 27.15 | -.1 -2.4 6.0 | 11.2 1.5 -2.4 | .8 2.3 -1.9 -1.3 1.1 .8 | 5.0
Consumer products | | 5.92 | 1.9 .1 3.9 | 21.5 -6.0 1.8 | 1.1 5.4 -1.4 -3.6 1.3 -.5 | 7.6
Commercial products | | 3.17 | -.6 -.2 1.7 | 5.9 -1.6 -3.3 | 1.9 1.8 -2.4 -1.1 1.6 .6 | 2.7
Oil and gas well drilling | 213111 | .56 | 6.8 -42.4 44.7 | 6.5 16.6 20.7 | .2 2.0 3.0 .5 .3 3.7 | 14.1
Converted fuel | | 4.37 | -5.7 -1.3 3.4 | 5.4 -7.3 -.7 | 2.8 4.4 -2.4 -2.7 1.2 1.3 | 2.9
Primary energy | | 13.12 | .7 -2.1 7.6 | 10.6 8.2 -5.4 | -.1 .5 -2.0 .1 .9 1.0 | 4.9
| | | | | |
Non-energy | | 72.85 | -12.1 -6.5 6.3 | 5.1 3.7 7.3 | .1 .9 .9 .1 .6 -.3 | 4.9
Selected high-technology industries | | 3.56 | -5.5 6.1 11.0 | 5.0 14.4 20.8 | 2.0 3.4 1.4 .0 1.3 2.3 | 13.5
Computers and peripheral equipment | 3341 | .77 | -1.5 15.7 12.1 | 26.8 23.4 6.4 | 1.9 .7 -.1 .4 1.0 1.5 | 18.3
Communications equipment | 3342 | .73 | -3.1 .1 -1.4 | -4.9 -1.6 2.0 | -.3 -.2 .5 .2 .2 .0 | -1.7
Semiconductors and related | | | | | |
electronic components | 334412-9 | 2.07 | -7.8 4.3 15.3 | 1.3 17.0 33.6 | 2.8 5.6 2.3 -.2 1.8 3.3 | 17.2
| | | | | |
Excluding selected high-technology | | | | | |
industries | | 69.29 | -12.6 -7.2 6.1 | 5.1 3.1 6.7 | .0 .8 .8 .1 .5 -.4 | 4.5
| | | | | |
Motor vehicles and parts | 3361-3 | 4.50 | -28.7 2.3 10.2 | 26.6 -11.2 32.7 | -3.5 .2 3.8 4.9 3.6 -8.9 | 8.4
Motor vehicles | 3361 | 2.36 | -32.0 10.9 15.3 | 54.4 -15.1 47.9 | -5.7 .0 4.9 7.7 5.8 -13.1 | 14.6
Motor vehicle parts | 3363 | 1.84 | -23.0 -7.3 2.7 | .6 -7.9 4.4 | -1.4 -.9 .7 1.6 1.2 -4.2 | -2.6
| | | | | |
Excluding motor vehicles and parts | | 64.79 | -11.4 -7.8 5.8 | 3.7 4.2 5.0 | .2 .8 .6 -.2 .3 .2 | 4.2
Consumer goods | | 20.21 | -7.7 -4.8 2.8 | 1.1 2.4 1.1 | -.2 .2 .3 -.4 .3 .3 | 2.1
Business equipment | | 7.29 | -13.0 -9.7 10.4 | 7.6 12.0 11.2 | .6 1.5 1.6 .3 -1.1 .8 | 9.0
Construction supplies | | 4.06 | -17.1 -17.4 10.2 | 2.0 5.0 1.2 | .9 -.7 .5 -.7 1.2 -.1 | 3.0
Business supplies | | 6.64 | -11.7 -8.4 .9 | .3 -1.2 3.4 | .5 .2 .4 .2 .0 .6 | 2.0
Materials | | 24.22 | -13.4 -8.5 7.7 | 6.0 5.5 7.8 | .4 1.6 .6 -.3 .8 -.1 | 5.7
| | | | | |
Measures excluding selected high-technology | | | | | |
industries | | | | | |
Total industry | | 96.44 | -9.3 -5.9 6.1 | 6.8 2.7 4.0 | .2 1.2 .1 -.3 .7 -.1 | 4.6
Manufacturing<1> | | 71.11 | -12.3 -6.8 5.8 | 5.1 2.9 6.4 | .1 .9 .6 .2 .6 -.6 | 4.2
Durable | | 32.26 | -14.3 -10.8 9.5 | 8.6 4.7 13.1 | .3 .7 1.5 1.1 .7 -1.3 | 7.3
| | | | | |
Measures excluding motor vehicles and parts | | | | | |
Total industry | | 95.50 | -8.1 -5.8 6.1 | 5.9 3.9 3.4 | .5 1.3 -.1 -.5 .6 .4 | 4.8
Manufacturing<1> | | 70.17 | -10.7 -6.6 5.8 | 3.9 4.5 5.5 | .4 1.1 .4 -.1 .4 .2 | 4.4
Durable | | 31.32 | -11.1 -10.6 9.6 | 5.7 8.4 11.4 | 1.1 1.1 1.2 .4 .4 .2 | 7.8
| | | | | |
Measures excluding selected high-technology | | | | | |
industries and motor vehicles and parts | | | | | |
Total industry | | 91.94 | -8.2 -6.3 5.9 | 5.9 3.4 2.8 | .4 1.3 -.1 -.5 .5 .4 | 4.4
Manufacturing<1> | | 66.61 | -11.1 -7.3 5.5 | 3.8 3.9 4.7 | .3 1.0 .4 -.1 .3 .1 | 3.9
| | | | | |
Stage-of-process components | | | | | |
of non-energy materials, | | | | | |
measures of the input to | | | | | |
Finished processors | | 10.50 | -12.8 -10.0 8.8 | 5.3 5.9 13.3 | 1.0 1.7 1.2 .2 1.1 -.4 | 7.4
Primary and semifinished processors | | 16.77 | -15.0 -6.1 7.5 | 5.4 5.2 7.1 | .1 1.8 .5 -.4 .8 .0 | 5.2
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[r] Revised. [p] Preliminary.
<1> See note on cover page.
Table 3
Motor Vehicle Assemblies
Millions of units, seasonally adjusted annual rate
--------------------------------------------------------------------------------------------------------------------------------------------
| 2010 | 2010 2011 | 2010 2011
Item |Average| Q2 Q3 Q4 Q1 | Nov. Dec. Jan. Feb. Mar. Apr.
--------------------------------------------------------------------------------------------------------------------------------------------
Total | 7.74 | 7.57 8.15 7.78 8.49 | 7.69 7.61 7.92 8.57 8.98 7.86
Autos | 2.73 | 2.87 2.66 2.53 2.72 | 2.62 2.42 2.42 2.78 2.97 2.67
Trucks | 5.01 | 4.70 5.49 5.24 5.77 | 5.07 5.20 5.51 5.79 6.00 5.18
Light | 4.87 | 4.57 5.33 5.08 5.58 | 4.91 5.04 5.34 5.60 5.79 4.98
Medium and heavy | .15 | .13 .16 .16 .19 | .16 .16 .17 .19 .22 .20
| | |
Memo: | | |
Autos and light trucks | 7.60 | 7.44 8.00 7.62 8.30 | 7.53 7.46 7.76 8.38 8.76 7.66
--------------------------------------------------------------------------------------------------------------------------------------------
Note. Seasonal factors and underlying data for auto, light truck, and medium and heavy truck production are available on the Board's web site,
www.federalreserve.gov/releases/G17/mvsf.htm
Table 4
Industrial Production Indexes: Market and Industry Group Summary
2007 = 100, seasonally adjusted
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 2010 | 2010 2011
Item | NAICS | Proportion| Aug. Sept. Oct. Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total IP | | 100.00 | 91.0 91.2 91.1 91.4 92.6 92.7 92.4 93.1 93.1
| | |
MARKET GROUP | | |
Final products and nonindustrial supplies | | 55.24 | 89.9 89.9 89.9 90.0 90.9 91.3 91.2 91.7 91.4
Consumer goods | | 29.07 | 92.6 92.4 92.3 92.0 93.3 93.6 93.1 93.9 93.2
Durable | | 6.17 | 83.4 83.6 84.2 83.5 83.7 85.5 88.1 90.2 86.2
Automotive products | | 3.26 | 88.3 88.9 90.3 87.7 88.1 91.4 95.1 98.5 91.6
Home electronics | | .23 | 101.9 101.1 99.3 98.4 97.1 96.1 95.3 95.8 96.4
Appliances, furniture, carpeting | | .82 | 67.1 66.5 66.7 68.5 66.8 66.4 68.9 71.3 68.3
Miscellaneous goods | | 1.85 | 80.4 80.3 80.2 81.3 82.3 83.2 84.4 84.2 84.0
Nondurable | | 22.91 | 95.6 95.3 94.9 94.8 96.4 96.3 94.8 95.2 95.6
Non-energy | | 16.98 | 92.2 92.2 92.7 92.2 92.6 92.9 92.2 92.3 92.9
Foods and tobacco | | 9.43 | 97.9 98.1 98.9 97.4 97.9 98.6 97.8 97.9 98.1
Clothing | | .21 | 66.3 65.2 66.2 66.3 66.9 66.7 67.1 65.3 66.3
Chemical products | | 5.26 | 88.0 87.9 88.0 88.7 89.0 88.7 88.4 88.8 89.9
Paper products | | 1.56 | 79.4 78.7 78.6 79.8 80.0 79.8 77.8 77.7 78.2
Energy | | 5.92 | 107.2 106.0 102.6 103.7 109.3 107.8 103.9 105.2 104.8
| | |
Business equipment | | 9.06 | 89.3 90.1 91.0 91.3 92.3 94.0 94.8 94.4 94.0
Transit | | 1.88 | 84.1 85.0 85.0 83.4 83.1 84.6 87.9 89.8 86.5
Information processing | | 2.51 | 105.4 106.5 107.5 108.4 109.1 110.3 110.9 110.7 110.7
Industrial and other | | 4.67 | 83.4 84.0 85.2 85.9 87.7 89.6 89.5 88.0 88.6
Defense and space equipment | | 2.36 | 116.7 116.1 116.5 115.8 115.3 116.1 116.6 116.3 116.3
| | |
Construction supplies | | 4.08 | 73.8 73.8 74.3 75.0 74.4 74.8 74.3 75.2 75.1
Business supplies | | 10.06 | 87.1 86.9 86.1 86.9 87.6 87.3 87.0 87.5 88.1
| | |
Materials | | 44.76 | 92.3 92.9 92.7 93.2 94.7 94.3 94.0 94.9 95.2
Non-energy | | 27.26 | 85.6 85.9 86.0 86.4 87.9 88.6 88.4 89.2 89.1
Durable | | 15.40 | 84.0 84.1 84.8 85.3 86.4 87.7 88.1 89.1 88.7
Consumer parts | | 2.02 | 66.5 66.3 67.0 66.9 66.6 67.2 68.3 69.9 66.2
Equipment parts | | 5.71 | 95.5 95.8 96.2 97.7 100.2 102.0 102.1 103.7 104.6
Other | | 7.67 | 81.7 81.8 82.6 82.8 83.4 84.6 84.9 85.4 85.3
Nondurable | | 11.87 | 87.9 88.6 87.8 87.9 90.1 89.8 89.0 89.4 89.7
Textile | | .47 | 82.0 81.7 81.5 82.5 85.6 82.6 85.7 82.0 85.6
Paper | | 2.30 | 85.5 85.6 85.1 85.4 86.3 86.9 85.8 85.6 85.5
Chemical | | 5.44 | 84.7 86.4 84.7 85.0 88.3 88.0 86.7 88.3 88.5
Energy | | 17.50 | 103.8 104.9 104.1 104.7 106.2 104.0 103.4 104.3 105.5
| | |
| | |
INDUSTRY GROUP | | |
Manufacturing | | 74.67 | 87.4 87.5 87.7 87.9 88.8 89.4 89.5 90.1 89.7
Manufacturing (NAICS) | 31-33 | 71.48 | 88.1 88.3 88.5 88.7 89.7 90.3 90.5 91.1 90.7
| | |
Durable manufacturing | | 35.68 | 86.3 86.6 87.2 87.6 88.5 89.8 90.7 91.5 90.6
Wood products | 321 | .93 | 68.7 68.4 69.6 70.1 71.0 71.8 71.2 72.7 72.4
Nonmetallic mineral products | 327 | 1.57 | 68.9 69.0 69.7 69.9 67.7 66.6 67.8 68.3 68.7
Primary metals | 331 | 2.19 | 81.9 82.7 82.4 84.9 88.6 89.9 90.1 91.4 89.7
Fabricated metal products | 332 | 5.14 | 81.1 81.5 81.4 82.5 83.1 83.6 83.7 84.7 85.0
Machinery | 333 | 4.63 | 81.7 82.0 83.2 84.4 87.0 90.3 90.1 89.2 89.4
Computer and electronic products | 334 | 6.51 | 109.3 109.7 110.2 111.6 114.0 115.6 116.1 116.5 117.8
Electrical equip., appliances, | | |
and components | 335 | 1.74 | 79.9 79.3 80.9 81.6 80.8 81.1 81.2 81.6 79.6
Motor vehicles and parts | 3361-3 | 4.50 | 77.6 78.3 79.0 76.2 76.4 79.3 83.2 86.2 78.5
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | 4.20 | 94.8 94.5 94.6 94.3 93.8 93.9 94.4 95.0 96.2
Furniture and related products | 337 | 1.04 | 65.9 66.3 66.4 67.2 67.0 67.1 67.9 68.9 68.2
Miscellaneous | 339 | 3.22 | 96.1 96.5 97.2 98.0 98.3 99.6 101.4 100.6 100.9
| | |
Nondurable manufacturing | | 35.80 | 90.1 90.3 90.2 90.0 91.1 91.0 90.5 90.9 91.0
Food, beverage, and tobacco products | 311,2 | 11.70 | 99.4 99.6 100.3 98.8 99.4 99.8 99.3 99.2 99.5
Textile and product mills | 313,4 | .74 | 75.7 75.7 75.7 75.8 77.4 75.3 77.4 75.2 77.0
Apparel and leather | 315,6 | .29 | 62.4 61.5 62.9 63.2 64.7 64.7 64.9 63.5 64.1
Paper | 322 | 2.75 | 88.4 88.8 88.5 88.8 90.0 90.7 89.1 89.3 88.7
Printing and support | 323 | 1.57 | 77.0 75.8 75.4 74.9 74.4 73.9 74.7 74.6 75.5
Petroleum and coal products | 324 | 3.81 | 97.9 97.5 97.5 97.7 98.8 95.9 95.3 97.2 94.4
Chemicals | 325 | 11.88 | 86.3 87.0 86.0 86.6 88.4 88.3 87.7 88.5 89.1
Plastics and rubber products | 326 | 3.06 | 84.5 84.1 84.9 85.1 85.7 86.5 86.4 86.6 87.0
| | |
Other manufacturing (non-NAICS) | 1133,5111 | 3.19 | 74.3 72.7 72.5 72.8 72.7 72.4 71.2 70.8 71.4
| | |
Mining | 21 | 13.94 | 102.7 103.9 104.7 104.5 104.5 103.3 102.3 103.8 104.6
Utilities | 2211,2 | 11.39 | 102.7 102.6 98.8 100.6 105.1 103.4 101.0 101.7 103.4
Electric | 2211 | 9.73 | 102.1 101.7 97.8 99.1 102.9 102.5 100.7 101.2 103.3
Natural gas | 2212 | 1.66 | 105.7 107.1 104.2 109.4 118.0 107.9 101.8 103.8 103.3
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
r Revised. p Preliminary.
Note. See notes to table 1.
Table 5
Industrial Production Indexes: Special Aggregates
2007 = 100, seasonally adjusted
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | 2010 | 2010 2011
Item | NAICS | Proportion| Aug. Sept. Oct. Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | | 100.00 | 91.0 91.2 91.1 91.4 92.6 92.7 92.4 93.1 93.1
| | |
Energy | | 27.15 | 103.7 104.2 102.7 103.6 106.0 104.0 102.7 103.8 104.6
Consumer products | | 5.92 | 107.2 106.0 102.6 103.7 109.3 107.8 103.9 105.2 104.8
Commercial products | | 3.17 | 101.5 101.8 99.4 101.3 103.1 100.6 99.5 101.2 101.8
Oil and gas well drilling | 213111 | .56 | 84.6 85.7 86.5 86.7 88.4 91.1 91.5 91.8 95.1
Converted fuel | | 4.37 | 99.8 98.2 94.5 97.2 101.4 99.0 96.3 97.4 98.7
Primary energy | | 13.12 | 105.1 107.1 107.3 107.2 107.7 105.5 105.6 106.6 107.7
| | |
Non-energy | | 72.85 | 86.8 87.0 87.3 87.4 88.2 89.0 89.1 89.6 89.3
Selected high-technology industries | | 3.56 | 117.0 117.7 117.8 120.2 124.3 126.1 126.0 127.7 130.7
Computers and peripheral equipment | 3341 | .77 | 135.7 139.8 141.3 144.0 145.0 144.8 145.4 146.9 149.1
Communications equipment | 3342 | .73 | 88.1 88.6 88.2 87.9 87.7 88.2 88.4 88.6 88.6
Semiconductors and related | | |
electronic components | 334412-9 | 2.07 | 122.7 122.5 122.4 125.8 132.9 136.0 135.7 138.1 142.6
| | |
Excluding selected high-technology | | |
industries | | 69.29 | 85.3 85.4 85.7 85.7 86.4 87.1 87.2 87.7 87.3
| | |
Motor vehicles and parts | 3361-3 | 4.50 | 77.6 78.3 79.0 76.2 76.4 79.3 83.2 86.2 78.5
Motor vehicles | 3361 | 2.36 | 82.7 84.9 86.0 81.1 81.1 85.1 91.7 97.0 84.2
Motor vehicle parts | 3363 | 1.84 | 71.5 71.8 71.8 70.8 70.2 70.7 71.8 72.7 69.6
| | |
Excluding motor vehicles and parts | | 64.79 | 85.8 85.9 86.2 86.5 87.1 87.7 87.5 87.8 88.0
Consumer goods | | 20.21 | 89.2 89.1 89.5 89.4 89.6 89.9 89.6 89.8 90.1
Business equipment | | 7.29 | 86.5 87.1 88.2 88.7 90.0 91.5 91.8 90.8 91.5
Construction supplies | | 4.06 | 73.6 73.6 74.1 74.8 74.2 74.6 74.1 75.0 74.9
Business supplies | | 6.64 | 81.1 80.6 80.4 80.8 80.9 81.3 81.4 81.4 81.9
Materials | | 24.22 | 84.7 85.1 85.1 85.5 86.8 87.4 87.1 87.8 87.7
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 96.44 | 90.0 90.2 90.1 90.3 91.4 91.4 91.2 91.8 91.7
Manufacturing<1> | | 71.11 | 85.8 86.0 86.2 86.2 87.0 87.6 87.7 88.2 87.7
Durable | | 32.26 | 83.1 83.3 83.9 84.1 84.7 86.0 87.0 87.6 86.5
| | |
Measures excluding motor vehicles and parts | | |
Total industry | | 95.50 | 91.7 91.9 91.8 92.2 93.4 93.4 92.9 93.4 93.8
Manufacturing<1> | | 70.17 | 88.1 88.2 88.3 88.7 89.7 90.1 90.0 90.3 90.5
Durable | | 31.32 | 87.5 87.7 88.2 89.2 90.2 91.3 91.7 92.0 92.2
| | |
Measures excluding selected high-technology | | |
industries and motor vehicles and parts | | |
Total industry | | 91.94 | 90.6 90.8 90.7 91.1 92.2 92.1 91.6 92.1 92.4
Manufacturing<1> | | 66.61 | 86.5 86.5 86.7 87.0 87.8 88.2 88.1 88.4 88.4
| | |
Stage-of-process components | | |
of non-energy materials, | | |
measures of the input to | | |
Finished processors | | 10.50 | 85.8 85.9 86.2 87.0 88.5 89.5 89.7 90.7 90.4
Primary and semifinished processors | | 16.77 | 85.4 85.9 85.8 85.9 87.4 87.9 87.5 88.2 88.2
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
r Revised. p Preliminary.
Note. See notes to table 2.
<1> See note on cover page.
Table 6
Diffusion Indexes of Industrial Production
Percent
-------------------------------------------------------------------------------------------------------
Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
-------------------------------------------------------------------------------------------------------
One Month Earlier
2009 34.3 43.6 33.0 40.4 41.3 42.0 59.9 63.5 59.6 52.9 60.3 53.2
2010 64.7 52.6 65.7 68.6 66.7 53.2 60.3 52.9 51.6 57.7 54.8 58.0
2011 60.3 52.9 57.7
Three Months Earlier
2009 17.6 23.4 32.4 37.5 33.3 37.8 46.2 58.7 63.5 60.3 62.2 58.3
2010 70.2 62.2 65.7 63.8 74.0 65.4 62.5 57.7 58.3 53.8 55.4 58.0
2011 61.9 61.5 59.6
Six Months Earlier
2009 15.7 18.9 22.8 21.2 22.4 29.5 36.2 42.0 51.6 53.8 59.0 66.0
2010 68.6 67.6 67.6 75.0 72.8 72.4 67.9 68.3 64.7 61.5 57.4 60.9
2011 59.0 59.9 63.1
-------------------------------------------------------------------------------------------------------
Note: The diffusion indexes are calculated as the percentage of series that increased over the indicated
span (one, three, or six months) plus one-half the percentage that were unchanged.
Table 7
Capacity Utilization
Percent of capacity, seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | 1972- 1994- 2008-| |
| | 2010 | 2010 95 09| 2010 2011 | 2010 2011
Item | NAICS | proportion| ave. high low| Q3 Q4[r] Q1[r] | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p]
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | | 100.00 | 80.4 85.1 67.3 | 75.5 76.1 76.8 | 75.8 76.8 76.8 76.5 77.0 76.9
| | | | |
Manufacturing<1> | | 77.87 | 79.0 84.7 64.4 | 72.6 73.3 74.5 | 73.1 73.9 74.3 74.4 74.8 74.4
Manufacturing (NAICS) | 31-33 | 74.31 | 78.8 84.8 64.2 | 72.8 73.6 74.9 | 73.4 74.2 74.7 74.8 75.3 74.9
| | | | |
Durable manufacturing | | 39.68 | 77.2 83.8 59.0 | 69.6 70.6 72.8 | 70.5 71.2 72.2 72.9 73.4 72.6
Wood products | 321 | 1.19 | 77.8 87.1 50.9 | 59.0 60.8 62.7 | 60.7 61.6 62.4 62.1 63.5 63.4
Nonmetallic mineral products | 327 | 2.39 | 75.9 82.7 45.6 | 51.2 51.8 51.1 | 52.4 50.8 50.2 51.2 51.7 52.1
Primary metals | 331 | 2.37 | 79.4 94.0 49.4 | 66.5 68.7 72.5 | 68.4 71.2 72.1 72.2 73.2 71.8
Fabricated metal products | 332 | 5.62 | 77.2 85.6 60.5 | 71.1 72.9 74.7 | 73.0 73.7 74.3 74.5 75.4 75.9
Machinery | 333 | 4.99 | 78.1 87.1 61.1 | 71.2 74.2 78.7 | 73.8 76.1 79.0 78.9 78.1 78.2
Computer and electronic products | 334 | 6.72 | 78.1 84.9 68.6 | 77.2 78.8 80.4 | 78.5 79.8 80.6 80.4 80.2 80.5
Electrical equip., appliances, | | | | |
and components | 335 | 1.78 | 82.7 92.9 66.8 | 74.1 76.1 76.6 | 76.6 76.0 76.4 76.5 76.9 75.2
Motor vehicles and parts | 3361-3 | 5.69 | 75.3 87.4 34.8 | 63.2 61.3 65.5 | 60.5 60.6 62.8 65.8 68.0 61.9
Aerospace and miscellaneous | | | | |
transportation equipment | 3364-9 | 4.45 | 73.0 68.9 68.0 | 71.6 71.3 71.2 | 71.4 70.9 70.9 71.2 71.6 72.5
Furniture and related products | 337 | 1.21 | 77.5 82.5 59.2 | 65.7 66.7 68.0 | 67.0 66.9 67.1 67.9 69.1 68.4
Miscellaneous | 339 | 3.26 | 76.0 80.6 68.8 | 75.1 76.5 78.5 | 76.7 76.9 77.9 79.3 78.5 78.6
| | | | |
Nondurable manufacturing | | 34.63 | 81.1 86.1 69.8 | 76.5 77.0 77.3 | 76.7 77.6 77.5 77.1 77.4 77.4
Food, beverage, and tobacco products | 311,2 | 11.15 | 81.2 86.1 74.5 | 78.6 78.9 78.6 | 78.4 78.8 79.0 78.5 78.3 78.4
Textile and product mills | 313,4 | .89 | 80.4 92.4 53.2 | 63.1 64.0 64.2 | 63.6 65.1 63.5 65.4 63.6 65.3
Apparel and leather | 315,6 | .33 | 78.2 87.3 62.7 | 66.6 69.1 70.2 | 68.7 70.4 70.5 70.8 69.4 70.1
Paper | 322 | 2.48 | 87.1 92.6 71.7 | 82.7 83.2 83.9 | 83.0 84.1 84.8 83.3 83.5 83.1
Printing and support | 323 | 1.85 | 82.2 85.8 63.4 | 65.0 64.0 63.9 | 64.0 63.7 63.4 64.1 64.1 64.9
Petroleum and coal products | 324 | 3.03 | 85.8 90.9 73.7 | 85.0 85.5 84.1 | 85.3 86.4 83.9 83.4 85.0 82.5
Chemicals | 325 | 11.59 | 78.0 81.8 65.8 | 75.8 76.3 77.3 | 76.0 77.5 77.4 76.9 77.6 78.1
Plastics and rubber products | 326 | 3.32 | 82.3 92.5 57.5 | 70.4 71.6 73.2 | 71.5 72.2 73.0 73.1 73.4 73.9
| | | | |
Other manufacturing (non-NAICS) | 1133,5111 | 3.56 | 83.4 83.2 69.0 | 67.6 66.6 65.6 | 66.7 66.6 66.4 65.3 65.0 65.6
| | | | |
Mining | 21 | 11.73 | 87.4 88.5 79.0 | 87.5 89.0 87.3 | 88.9 88.8 87.6 86.6 87.6 88.2
Utilities | 2211,2 | 10.40 | 86.6 93.3 79.2 | 82.9 81.1 80.9 | 80.4 83.7 82.1 80.0 80.4 81.6
| | | | |
Selected high-technology industries | | 3.74 | 78.3 86.9 70.9 | 77.4 79.3 80.8 | 78.7 80.8 81.3 80.5 80.7 81.6
Computers and peripheral equipment | 3341 | .74 | 78.5 87.3 79.5 | 83.1 83.4 80.7 | 83.0 82.3 81.1 80.5 80.5 81.1
Communications equipment | 3342 | .75 | 76.7 83.8 78.8 | 76.1 75.6 74.0 | 74.7 74.2 74.2 74.0 73.8 73.4
Semiconductors and related | | | | |
electronic components | 334412-9 | 2.25 | 80.3 92.2 63.1 | 75.9 79.2 83.5 | 78.6 82.7 84.0 83.0 83.5 84.9
| | | | |
Measures excluding selected high-technology | | | | |
industries | | | | |
Total industry | | 96.26 | 80.5 85.0 67.1 | 75.4 76.0 76.6 | 75.7 76.6 76.6 76.4 76.8 76.7
Manufacturing<1> | | 74.13 | 79.0 84.5 64.0 | 72.3 73.0 74.2 | 72.8 73.5 74.0 74.1 74.5 74.1
| | | | |
Stage-of-process groups | | | | |
Crude | | 15.38 | 86.4 89.6 77.6 | 86.3 87.1 86.4 | 86.8 87.4 86.8 85.9 86.6 87.0
Primary and semifinished | | 45.86 | 81.3 87.9 64.9 | 72.8 73.2 74.1 | 73.0 74.5 74.3 73.7 74.4 74.5
Finished | | 38.77 | 77.3 80.7 66.8 | 74.2 74.8 75.9 | 74.5 75.0 75.6 76.0 76.1 75.6
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[r] Revised. [p] Preliminary.
<1> See note on cover page
Note. See notes to table 2.
Table 8
Industrial Capacity
Percent change
-----------------------------------------------------------------------------------------------------------------------------------------------------
| Average annual rate | Fourth quarter to fourth quarter | Annual rate | Monthly rate
|----------------------------|------------------------------------|----------------------------|--------------
| 1972- 1980- 1989- 1995-| | 2010 2011 | 2011
Item | 79 88 94 2011 | 2008 2009 2010 2011 | Q3 Q4 Q1 Q2 | Apr.
-----------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | 3.1 1.9 2.2 2.3 | .2 -1.1 -1.8 1.1 | -1.4 -.1 .9 1.3 | .1
| | | |
Manufacturing<1> | 3.3 2.2 2.5 2.5 | -.6 -2.8 -2.0 .8 | -1.7 -.6 .3 .8 | .1
| | | |
Mining | .7 .1 -.6 .0 | 2.6 3.4 -.9 2.1 | -.6 1.2 2.3 2.5 | .2
Utilities | 4.2 2.1 1.8 2.2 | 2.4 .5 3.6 2.0 | 4.3 4.0 3.1 2.1 | .2
| | | |
| | | |
Selected high-technology industries | 19.6 17.3 15.6 20.9 | -.1 10.0 4.1 15.2 | 1.8 5.5 10.4 14.9 | 1.2
Manufacturing<1> ex. selected | | | |
high-technology industries | 2.6 1.3 1.6 .9 | -.7 -3.6 -2.3 .1 | -1.8 -.9 -.2 .2 | .0
| | | |
Stage-of-process groups | | | |
Crude | 1.6 .4 -.5 .1 | 2.3 .9 -.9 1.5 | -.2 1.2 1.9 1.9 | .2
Primary and semifinished | 3.0 1.3 2.5 2.7 | .0 -2.3 -2.1 .2 | -1.8 -.8 -.1 .3 | .0
Finished | 3.9 3.3 2.6 2.4 | -.8 -2.1 -.7 2.0 | -.3 .7 1.4 1.9 | .2
-----------------------------------------------------------------------------------------------------------------------------------------------------
<1> Refer to note on cover page.
Table 9
Gross Value of Final Products and Nonindustrial Supplies
Billions of 2005 dollars at annual rate, seasonally adjusted
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | 2010 2011 | 2010 2011
Item | 2005 | 2010 | Q3 Q4[r] Q1[r] | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p]
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | |
Final products and nonindustrial | | | |
supplies | 3,336.9 | 3,159.9 | 3,201.5 3,209.2 3,247.4 | 3,198.2 3,236.3 3,237.2 3,240.1 3,265.1 3,230.0
| | | |
Final products | 2,477.7 | 2,428.8 | 2,467.0 2,471.9 2,506.8 | 2,459.5 2,492.4 2,497.1 2,504.0 2,519.3 2,483.0
| | | |
Consumer goods | 1,835.2 | 1,775.2 | 1,799.4 1,795.0 1,810.1 | 1,784.6 1,811.5 1,805.0 1,805.0 1,820.3 1,790.5
Durable | 495.3 | 416.6 | 425.5 420.9 444.9 | 419.1 419.7 430.1 446.0 458.5 434.3
Automotive products | 288.3 | 262.1 | 270.0 264.5 284.9 | 261.7 262.7 272.6 285.5 296.5 274.6
Other durable goods | 207.0 | 154.9 | 156.0 156.9 160.6 | 157.8 157.5 158.0 161.1 162.6 160.2
Nondurable | 1,339.9 | 1,351.8 | 1,367.5 1,367.2 1,362.3 | 1,358.8 1,383.9 1,369.3 1,356.5 1,361.2 1,352.0
| | | |
Equipment, total | 642.5 | 652.6 | 666.8 677.2 698.8 | 675.3 681.0 693.8 701.7 700.8 695.0
Business and defense | 619.1 | 634.1 | 647.9 658.2 678.7 | 656.3 661.9 673.9 681.8 680.5 674.0
Business | 539.2 | 524.5 | 536.8 547.5 568.4 | 545.6 552.1 563.7 571.4 570.3 563.5
Defense and space | 79.9 | 107.0 | 108.6 108.4 108.5 | 108.4 107.8 108.4 108.7 108.5 108.6
| | | |
Nonindustrial supplies | 859.2 | 734.7 | 738.5 741.3 744.9 | 742.4 747.8 744.2 740.4 750.0 750.8
Construction supplies | 270.2 | 200.2 | 201.9 205.6 206.9 | 207.0 205.8 207.2 205.4 208.2 207.8
Business supplies | 589.1 | 534.7 | 536.7 535.8 538.1 | 535.6 542.1 537.2 535.1 541.9 543.1
Commercial energy products | 210.9 | 213.0 | 214.0 213.2 211.9 | 212.9 217.7 211.7 209.2 214.8 214.3
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[r] Revised. [p] Preliminary.
Table 10
Gross-Value-Weighted Industrial Production: Stage-of-Process Groups
Percent change, seasonally adjusted
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Fourth quarter to | | |
| | fourth quarter | Annual rate | Monthly rate |
| |------------------------------|------------------------------|------------------------------------------------------------| Apr. '10
| 2010 | | 2010 2011 | 2010 2011 | to
Item | gross value<1>| 2008 2009 2010 | Q3 Q4[r] Q1[r] | Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] | Apr. '11
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | | |
Finished | 1882.5 | -10.5 -3.0 7.1 | 8.4 3.8 9.7 | -.3 .7 1.2 1.0 .5 -1.2 | 6.0
Semifinished | 1522.2 | -11.4 -9.3 6.0 | 7.2 -.4 7.1 | .5 1.2 .8 -.5 .9 .4 | 5.7
Primary | 1305.0 | -8.6 -3.4 5.4 | 4.2 3.4 -.4 | 1.3 3.3 -2.5 -1.0 1.4 -1.5 | 2.0
Crude | 623.8 | -10.0 -.4 4.9 | 5.9 2.3 2.9 | -.1 1.6 .2 -1.3 .9 .2 | 2.7
| | | | |
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
[r] Revised. [p] Preliminary.
<1> Billions of 2005 dollars.
Table 11
Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry
Seasonally adjusted
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) <1> | | |
1989 | .3 -.4 .3 .0 -.7 .1 -1.0 .9 -.3 -.1 .3 .6 | 1.7 -1.4 -2.6 1.6 | .9
1990 | -.6 .9 .5 -.1 .2 .3 -.1 .2 .2 -.8 -1.2 -.7 | 2.9 3.0 1.7 -6.2 | 1.0
1991 | -.4 -.7 -.5 .2 1.0 1.0 .0 .1 .9 -.2 -.1 -.3 | -7.4 2.5 5.5 .8 | -1.5
1992 | -.6 .8 .8 .7 .3 .0 .9 -.5 .2 .7 .4 .0 | -.4 7.2 2.9 4.1 | 2.8
| | |
1993 | .5 .4 .0 .3 -.4 .2 .3 .0 .5 .7 .4 .5 | 3.6 1.0 2.0 6.1 | 3.3
1994 | .4 .0 1.0 .5 .5 .7 .2 .6 .2 .8 .6 1.1 | 5.2 7.4 5.1 8.2 | 5.3
1995 | .3 .0 .2 -.1 .2 .3 -.4 1.3 .3 -.2 .2 .4 | 5.1 1.2 3.7 3.0 | 4.7
1996 | -.6 1.6 -.1 .8 .7 .9 -.1 .6 .5 .0 .8 .6 | 3.0 8.5 5.4 5.4 | 4.4
1997 | .1 1.2 .8 .0 .7 .5 .6 1.3 .9 .7 .9 .4 | 7.8 6.5 9.6 10.1 | 7.2
| | |
1998 | .5 .1 .1 .4 .7 -.6 -.4 2.2 -.3 .8 -.1 .3 | 4.4 2.9 3.0 5.7 | 5.8
1999 | .4 .4 .2 .2 .8 -.1 .7 .4 -.3 1.3 .5 .8 | 3.8 3.9 4.1 7.5 | 4.3
2000 | .1 .4 .4 .6 .1 .1 -.3 -.2 .5 -.4 .0 -.3 | 4.7 4.5 -.6 -1.1 | 4.0
2001 | -.7 -.6 -.3 -.2 -.7 -.6 -.5 -.3 -.4 -.5 -.5 .0 | -5.5 -5.2 -5.7 -4.7 | -3.4
2002 | .6 .0 .8 .4 .6 .9 -.3 .2 .1 -.4 .5 -.5 | 2.8 6.7 2.6 -.4 | .2
| | |
2003 | .8 .3 -.2 -.8 .0 .0 .3 -.1 .6 .0 .8 .0 | 3.0 -3.1 2.0 3.4 | 1.3
2004 | .3 .6 -.6 .4 .7 -.9 .7 .3 .0 1.0 .2 .7 | 2.8 1.7 2.1 5.8 | 2.3
2005 | .5 .7 -.1 .0 .2 .4 -.2 .1 -2.0 1.2 1.0 .6 | 6.1 1.7 -1.7 3.1 | 3.2
2006 | .2 .1 .2 .4 -.2 .4 .2 .2 -.1 .0 -.1 1.1 | 4.0 2.4 1.8 1.0 | 2.2
2007 | -.3 1.1 .0 .8 -.1 .0 .1 .0 .5 -.6 .4 .2 | 4.5 4.5 1.1 .1 | 2.7
| | |
2008 | -.3 -.2 -.4 -.9 -.6 -.3 -.4 -1.7 -4.1 .9 -1.3 -2.6 | -1.2 -6.6 -12.2 -15.7 | -3.7
2009 | -2.1 -.5 -1.7 -.9 -1.1 -.4 1.1 .9 .7 .3 .2 .6 | -18.9 -11.5 5.3 5.6 | -11.2
2010 | 1.2 .2 .5 .4 1.3 .1 .9 .2 .3 -.1 .3 1.3 | 8.1 7.1 6.7 3.1 | 5.3
2011 | .1 -.3 .7 .0 | 4.6 |
| | |
IP | | |
(2007=100) | | |
2009 | 87.5 87.0 85.5 84.8 83.9 83.5 84.4 85.2 85.8 86.0 86.2 86.7 | 86.7 84.1 85.2 86.3 | 85.5
2010 | 87.7 87.9 88.4 88.7 89.9 90.0 90.8 91.0 91.2 91.1 91.4 92.6 | 88.0 89.5 91.0 91.7 | 90.1
2011 | 92.7 92.4 93.1 93.1 | 92.7 |
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
2009 | 124.2 124.3 124.3 124.3 124.2 124.1 123.9 123.6 123.4 123.1 122.8 122.4 | 124.3 124.2 123.6 122.8 | 123.7
2010 | 122.1 121.8 121.5 121.2 121.0 120.8 120.6 120.5 120.5 120.5 120.5 120.6 | 121.8 121.0 120.6 120.5 | 121.0
2011 | 120.7 120.8 120.9 121.0 | 120.8 |
| | |
Utilization | | |
(percent) | | |
1989 | 85.2 84.7 84.8 84.7 84.0 83.9 82.9 83.4 83.0 82.7 82.8 83.1 | 84.9 84.2 83.1 82.9 | 83.8
1990 | 82.5 83.0 83.3 83.0 83.0 83.1 82.9 82.9 83.0 82.2 81.1 80.4 | 82.9 83.0 82.9 81.2 | 82.5
1991 | 79.9 79.3 78.8 78.8 79.5 80.2 80.1 80.1 80.7 80.5 80.3 79.9 | 79.3 79.5 80.3 80.2 | 79.8
1992 | 79.3 79.8 80.3 80.7 80.8 80.7 81.2 80.6 80.6 81.0 81.2 81.0 | 79.8 80.7 80.8 81.1 | 80.6
| | |
1993 | 81.3 81.4 81.3 81.4 81.0 81.1 81.3 81.1 81.4 81.9 82.0 82.3 | 81.3 81.2 81.3 82.1 | 81.5
1994 | 82.5 82.3 83.0 83.2 83.4 83.7 83.6 83.8 83.8 84.2 84.4 85.1 | 82.6 83.5 83.7 84.6 | 83.6
1995 | 85.0 84.7 84.6 84.2 84.1 84.1 83.4 84.2 84.2 83.7 83.5 83.5 | 84.8 84.1 83.9 83.6 | 84.1
1996 | 82.6 83.6 83.1 83.5 83.6 84.0 83.5 83.7 83.7 83.3 83.6 83.7 | 83.1 83.7 83.6 83.6 | 83.5
1997 | 83.4 84.0 84.2 83.8 84.0 83.9 83.9 84.5 84.7 84.7 84.9 84.7 | 83.9 83.9 84.4 84.8 | 84.2
| | |
1998 | 84.5 84.0 83.5 83.3 83.3 82.3 81.5 82.8 82.1 82.4 81.9 81.8 | 84.0 83.0 82.2 82.1 | 82.8
1999 | 81.8 81.8 81.6 81.5 81.7 81.3 81.6 81.6 81.1 81.8 81.9 82.2 | 81.7 81.5 81.4 82.0 | 81.7
2000 | 82.0 82.0 82.1 82.3 82.1 81.9 81.5 81.0 81.2 80.6 80.4 79.8 | 82.1 82.1 81.2 80.3 | 81.4
2001 | 79.1 78.4 77.9 77.5 76.8 76.1 75.6 75.1 74.7 74.2 73.6 73.5 | 78.5 76.8 75.1 73.8 | 76.0
2002 | 73.8 73.7 74.2 74.4 74.8 75.4 75.2 75.3 75.4 75.1 75.5 75.1 | 73.9 74.9 75.3 75.2 | 74.8
| | |
2003 | 75.7 76.0 75.9 75.4 75.4 75.5 75.7 75.7 76.2 76.2 76.8 76.8 | 75.9 75.4 75.9 76.6 | 75.9
2004 | 77.0 77.4 77.0 77.3 77.9 77.2 77.8 78.0 77.9 78.7 78.8 79.4 | 77.1 77.5 77.9 79.0 | 77.9
2005 | 79.8 80.3 80.1 80.1 80.2 80.4 80.2 80.2 78.5 79.4 80.0 80.4 | 80.1 80.2 79.6 79.9 | 79.9
2006 | 80.4 80.3 80.4 80.6 80.3 80.5 80.5 80.5 80.3 80.1 79.9 80.5 | 80.4 80.5 80.4 80.2 | 80.4
2007 | 80.2 80.9 80.8 81.2 81.1 81.0 81.0 81.0 81.3 80.8 81.1 81.3 | 80.6 81.1 81.1 81.1 | 81.0
| | |
2008 | 81.1 81.0 80.6 80.0 79.5 79.3 79.0 77.6 74.3 74.9 73.9 71.9 | 80.9 79.6 77.0 73.6 | 77.8
2009 | 70.4 70.0 68.8 68.2 67.5 67.3 68.2 68.9 69.5 69.9 70.2 70.8 | 69.7 67.7 68.9 70.3 | 69.2
2010 | 71.9 72.2 72.8 73.2 74.3 74.5 75.3 75.5 75.7 75.7 75.8 76.8 | 72.3 74.0 75.5 76.1 | 74.5
2011 | 76.8 76.5 77.0 76.9 | 76.8 |
-------------------------------------------------------------------------------------------------------------------------------------------
<1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.
Table 12
Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1>
Seasonally adjusted
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) <2> | | |
1989 | .8 -.9 -.1 .2 -.8 .2 -1.1 .8 -.2 -.2 .2 .1 | 2.0 -2.7 -3.2 .3 | .8
1990 | -.1 1.4 .5 -.3 .2 .3 -.1 .2 .0 -.8 -1.1 -.8 | 4.3 2.9 1.1 -6.8 | .8
1991 | -.8 -.6 -.7 .3 .7 1.1 .2 .2 1.1 -.2 -.2 -.1 | -8.8 1.9 7.2 1.5 | -2.0
1992 | -.6 .9 1.0 .5 .6 .3 .9 -.4 .0 .6 .4 -.2 | .6 8.2 4.0 2.9 | 3.6
| | |
1993 | 1.0 .2 -.2 .5 -.1 -.1 .3 -.1 .6 .8 .4 .5 | 4.5 1.5 1.1 6.9 | 3.5
1994 | .2 .1 1.3 .8 .7 .3 .4 .8 .3 1.0 .8 1.2 | 5.1 9.4 6.0 9.9 | 5.9
1995 | .3 -.1 .3 -.2 .1 .5 -.6 1.1 .8 -.1 .0 .4 | 5.5 .6 3.0 3.8 | 5.2
1996 | -.7 1.6 -.2 1.1 .7 1.1 .3 .6 .7 -.1 .8 .9 | 2.2 9.7 7.8 5.6 | 4.8
1997 | .1 1.4 1.2 -.2 .9 .7 .5 1.6 .8 .6 1.1 .4 | 9.2 7.7 10.8 10.9 | 8.4
| | |
1998 | .8 .1 -.1 .5 .6 -.7 -.5 2.6 -.3 1.0 .2 .5 | 6.0 2.4 3.3 7.8 | 6.6
1999 | .2 .7 -.1 .4 .9 -.3 .5 .7 -.3 1.5 .6 .7 | 4.4 4.5 3.8 9.0 | 5.0
2000 | .2 .3 .6 .6 -.2 .2 .0 -.6 .5 -.4 -.3 -.7 | 5.3 4.2 -.8 -2.7 | 4.2
2001 | -.6 -.6 -.3 -.2 -.8 -.7 -.4 -.7 -.2 -.7 -.3 .3 | -6.4 -5.4 -6.3 -4.5 | -4.0
2002 | .5 -.1 .8 .2 .7 1.1 -.5 .4 .1 -.5 .5 -.5 | 3.3 6.1 3.4 -.5 | .3
| | |
2003 | .6 .2 .2 -.9 .1 .4 .1 -.3 .7 .0 1.0 -.2 | 2.3 -2.2 1.5 3.9 | 1.3
2004 | .0 .7 -.3 .4 .7 -.8 .8 .7 -.1 1.1 -.1 .7 | 2.6 2.9 3.5 5.7 | 2.8
2005 | .8 .8 -.5 .2 .4 .1 -.1 .2 -1.1 1.5 .8 .0 | 6.7 2.0 -.5 5.5 | 4.0
2006 | .9 -.1 -.1 .6 -.4 .3 -.1 .4 .1 -.3 .1 1.6 | 4.0 1.0 1.1 1.8 | 2.5
2007 | -.3 .5 .7 .7 -.2 .3 .3 -.5 .5 -.5 .3 .3 | 5.4 5.2 .8 -.2 | 2.9
| | |
2008 | -.3 -.5 -.4 -1.2 -.6 -.6 -1.1 -1.4 -3.4 -.6 -2.4 -3.1 | -2.0 -8.9 -13.9 -21.4 | -5.0
2009 | -2.7 .1 -2.0 -.8 -1.2 -.3 1.3 1.0 .8 .0 .8 .2 | -22.2 -11.4 6.6 5.9 | -13.5
2010 | 1.0 .1 .9 .7 1.1 -.1 .8 .1 .2 .2 .2 1.1 | 7.1 8.7 5.1 3.4 | 5.4
2011 | .6 .2 .6 -.4 | 7.0 |
| | |
IP | | |
(2007 = 100) | | |
2009 | 83.6 83.7 82.0 81.4 80.4 80.1 81.2 81.9 82.6 82.6 83.3 83.4 | 83.1 80.6 81.9 83.1 | 82.2
2010 | 84.2 84.3 85.1 85.7 86.7 86.6 87.3 87.4 87.5 87.7 87.9 88.8 | 84.5 86.3 87.4 88.1 | 86.6
2011 | 89.4 89.5 90.1 89.7 | 89.7 |
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
2009 | 125.8 125.6 125.3 125.0 124.7 124.4 124.1 123.7 123.4 123.0 122.7 122.4 | 125.6 124.7 123.7 122.7 | 124.2
2010 | 122.0 121.7 121.4 121.2 120.9 120.7 120.6 120.4 120.3 120.3 120.2 120.2 | 121.7 120.9 120.4 120.3 | 120.8
2011 | 120.3 120.3 120.4 120.5 | 120.3 |
| | |
Utilization | | |
(percent) | | |
1989 | 85.5 84.6 84.4 84.3 83.5 83.5 82.3 82.8 82.4 82.1 82.0 81.9 | 84.8 83.8 82.5 82.0 | 83.3
1990 | 81.6 82.5 82.7 82.3 82.3 82.3 82.1 82.1 81.9 81.1 80.0 79.3 | 82.3 82.3 82.0 80.1 | 81.7
1991 | 78.5 77.9 77.3 77.4 77.8 78.6 78.7 78.8 79.5 79.3 79.0 78.8 | 77.9 78.0 79.0 79.0 | 78.5
1992 | 78.2 78.8 79.4 79.6 79.9 79.9 80.4 79.9 79.7 80.0 80.1 79.8 | 78.8 79.8 80.0 80.0 | 79.6
| | |
1993 | 80.4 80.4 80.1 80.4 80.2 80.0 80.1 79.9 80.3 80.8 81.0 81.3 | 80.3 80.2 80.1 81.0 | 80.4
1994 | 81.3 81.2 82.1 82.5 82.8 82.8 82.8 83.2 83.2 83.7 84.0 84.7 | 81.5 82.7 83.1 84.1 | 82.8
1995 | 84.6 84.2 84.1 83.6 83.3 83.3 82.5 83.1 83.4 82.9 82.5 82.4 | 84.3 83.4 83.0 82.6 | 83.3
1996 | 81.4 82.3 81.7 82.2 82.3 82.8 82.6 82.6 82.7 82.2 82.4 82.6 | 81.8 82.4 82.6 82.4 | 82.3
1997 | 82.2 82.9 83.4 82.7 82.9 82.9 82.8 83.6 83.7 83.6 83.9 83.6 | 82.8 82.9 83.3 83.7 | 83.2
| | |
1998 | 83.7 83.1 82.4 82.2 82.0 80.9 80.0 81.5 80.8 81.1 80.8 80.8 | 83.0 81.7 80.8 80.9 | 81.6
1999 | 80.6 80.7 80.3 80.2 80.6 80.0 80.1 80.3 79.7 80.5 80.7 80.9 | 80.5 80.3 80.0 80.7 | 80.4
2000 | 80.7 80.6 80.8 80.9 80.4 80.2 79.9 79.1 79.2 78.7 78.1 77.4 | 80.7 80.5 79.4 78.1 | 79.7
2001 | 76.7 76.0 75.5 75.1 74.3 73.7 73.2 72.6 72.3 71.7 71.4 71.5 | 76.0 74.4 72.7 71.6 | 73.7
2002 | 71.8 71.7 72.2 72.3 72.8 73.6 73.2 73.5 73.6 73.3 73.6 73.2 | 71.9 72.9 73.5 73.4 | 72.9
| | |
2003 | 73.7 73.8 74.0 73.3 73.4 73.7 73.7 73.5 74.1 74.1 74.9 74.7 | 73.8 73.4 73.8 74.6 | 73.9
2004 | 74.8 75.4 75.2 75.5 76.1 75.5 76.1 76.6 76.4 77.2 77.1 77.6 | 75.1 75.7 76.3 77.3 | 76.1
2005 | 78.1 78.6 78.2 78.2 78.4 78.4 78.1 78.2 77.2 78.2 78.7 78.5 | 78.3 78.3 77.8 78.5 | 78.2
2006 | 79.1 78.9 78.6 79.0 78.5 78.6 78.4 78.6 78.5 78.1 78.0 79.1 | 78.9 78.7 78.5 78.4 | 78.6
2007 | 78.7 79.0 79.3 79.7 79.4 79.5 79.5 79.0 79.3 78.8 79.0 79.2 | 79.0 79.5 79.3 79.0 | 79.2
| | |
2008 | 78.9 78.5 78.1 77.2 76.8 76.3 75.6 74.6 72.2 71.8 70.2 68.2 | 78.5 76.8 74.1 70.1 | 74.9
2009 | 66.4 66.6 65.5 65.1 64.4 64.4 65.4 66.2 67.0 67.1 67.9 68.2 | 66.2 64.6 66.2 67.7 | 66.2
2010 | 69.0 69.3 70.0 70.7 71.7 71.7 72.4 72.6 72.7 73.0 73.1 73.9 | 69.4 71.4 72.6 73.3 | 71.7
2011 | 74.3 74.4 74.8 74.4 | 74.5 |
-------------------------------------------------------------------------------------------------------------------------------------------
<1> See note on cover page.
<2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.
Table 13
Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Excluding Selected High-Technology Industries
Seasonally adjusted
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) <1> | | |
1989 | .3 -.4 .3 .0 -.7 .0 -1.1 .8 -.3 -.2 .2 .6 | 2.0 -1.6 -3.5 .8 | .6
1990 | -.7 .9 .5 -.2 .1 .3 -.1 .2 .2 -.8 -1.3 -.8 | 2.2 2.5 1.3 -6.7 | .3
1991 | -.4 -.8 -.6 .2 1.0 1.0 .0 .0 .9 -.2 -.2 -.5 | -8.0 2.0 5.3 .3 | -2.0
1992 | -.8 .8 .8 .6 .2 -.1 .8 -.6 .1 .6 .3 .0 | -1.9 6.2 1.8 2.9 | 1.9
| | |
1993 | .5 .3 -.1 .3 -.4 .2 .3 -.1 .4 .7 .3 .5 | 3.1 .3 1.4 5.1 | 2.5
1994 | .4 .0 .9 .3 .3 .6 .0 .4 .0 .6 .4 .9 | 4.5 5.3 3.2 5.7 | 4.0
1995 | .1 -.2 -.1 -.3 .1 .2 -.6 1.1 .1 -.5 .1 .1 | 2.9 -1.2 1.5 .2 | 2.4
1996 | -1.0 1.3 -.3 .8 .5 .7 -.5 .4 .3 -.3 .8 .5 | -.4 6.4 2.1 3.0 | 1.7
1997 | -.1 .9 .5 -.3 .3 .2 .3 1.0 .7 .6 .6 .1 | 5.1 2.4 6.2 7.8 | 4.2
| | |
1998 | .2 .0 -.1 .2 .6 -.9 -.8 2.0 -.7 .6 -.3 .1 | 1.9 .8 -.3 2.4 | 3.1
1999 | .2 .1 -.1 -.1 .6 -.4 .3 .4 -.4 1.2 .2 .5 | .6 .3 1.1 5.4 | 1.1
2000 | -.3 .0 .1 .4 -.2 -.1 -.6 -.4 .4 -.5 -.2 -.5 | .5 1.5 -3.0 -2.7 | 1.0
2001 | -.7 -.5 -.3 -.1 -.7 -.5 -.3 -.3 -.4 -.5 -.4 -.1 | -5.9 -4.4 -4.6 -4.8 | -4.0
2002 | .7 -.1 .8 .4 .5 .9 -.4 .1 .0 -.4 .4 -.6 | 3.0 6.4 1.8 -1.1 | .3
| | |
2003 | .7 .2 -.3 -.9 -.1 -.1 .2 -.1 .6 -.2 .7 -.1 | 1.7 -4.6 .9 2.6 | .2
2004 | .2 .6 -.6 .5 .7 -.9 .7 .2 -.1 1.0 .2 .7 | 2.2 1.8 1.6 5.4 | 1.7
2005 | .4 .6 -.2 .0 .1 .3 -.3 .0 -2.2 1.2 1.0 .5 | 5.3 .9 -3.0 2.0 | 2.5
2006 | .1 .0 .2 .4 -.3 .3 .2 .2 -.2 .0 -.2 1.0 | 3.4 1.7 1.2 .3 | 1.4
2007 | -.3 1.0 -.2 .6 .0 .1 .1 -.1 .4 -.8 .2 .1 | 3.7 3.6 1.1 -1.5 | 1.9
| | |
2008 | -.3 -.3 -.5 -.9 -.6 -.3 -.3 -1.7 -4.3 1.1 -1.1 -2.5 | -2.4 -7.4 -12.2 -14.7 | -4.4
2009 | -2.1 -.6 -1.8 -1.0 -1.1 -.5 1.0 .9 .6 .2 .2 .6 | -18.7 -12.5 4.8 5.2 | -11.2
2010 | 1.2 .1 .5 .3 1.4 .1 .9 .2 .3 -.1 .2 1.2 | 7.9 6.9 6.8 2.7 | 5.0
2011 | .1 -.3 .7 -.1 | 4.0 |
| | |
IP | | |
(2007 = 100) | | |
2009 | 87.0 86.6 85.0 84.1 83.2 82.8 83.7 84.4 85.0 85.1 85.3 85.8 | 86.2 83.4 84.3 85.4 | 84.8
2010 | 86.8 86.9 87.4 87.7 88.9 89.0 89.8 90.0 90.2 90.1 90.3 91.4 | 87.1 88.5 90.0 90.6 | 89.0
2011 | 91.4 91.2 91.8 91.7 | 91.5 |
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
2009 | 123.7 123.7 123.7 123.6 123.5 123.3 123.1 122.8 122.4 122.1 121.7 121.3 | 123.7 123.5 122.8 121.7 | 122.9
2010 | 121.0 120.6 120.3 120.0 119.8 119.6 119.4 119.3 119.3 119.2 119.2 119.3 | 120.6 119.8 119.3 119.3 | 119.8
2011 | 119.3 119.4 119.5 119.6 | 119.4 |
| | |
Utilization | | |
(percent) | | |
1989 | 85.5 85.1 85.3 85.1 84.4 84.3 83.2 83.8 83.3 83.0 83.1 83.4 | 85.3 84.6 83.4 83.2 | 84.1
1990 | 82.7 83.3 83.6 83.3 83.3 83.4 83.2 83.3 83.3 82.5 81.4 80.7 | 83.2 83.3 83.3 81.5 | 82.8
1991 | 80.2 79.5 78.9 79.0 79.7 80.4 80.3 80.3 80.9 80.6 80.4 79.9 | 79.6 79.7 80.5 80.3 | 80.0
1992 | 79.2 79.7 80.2 80.6 80.8 80.6 81.1 80.6 80.6 81.0 81.2 81.1 | 79.7 80.7 80.8 81.1 | 80.6
| | |
1993 | 81.4 81.6 81.5 81.6 81.2 81.2 81.4 81.2 81.5 81.9 82.1 82.4 | 81.5 81.3 81.4 82.1 | 81.6
1994 | 82.6 82.5 83.1 83.2 83.4 83.8 83.7 83.9 83.7 84.1 84.4 85.0 | 82.7 83.5 83.8 84.5 | 83.6
1995 | 84.9 84.6 84.4 84.0 83.9 83.9 83.3 84.1 84.0 83.5 83.4 83.4 | 84.6 83.9 83.8 83.4 | 83.9
1996 | 82.4 83.4 83.0 83.5 83.8 84.2 83.6 83.8 83.9 83.4 83.9 84.1 | 82.9 83.8 83.7 83.8 | 83.6
1997 | 83.8 84.3 84.4 83.9 83.9 83.8 83.8 84.3 84.6 84.8 85.0 84.7 | 84.1 83.9 84.2 84.8 | 84.3
| | |
1998 | 84.6 84.2 83.9 83.7 83.9 82.8 81.9 83.3 82.5 82.7 82.1 82.0 | 84.2 83.5 82.5 82.3 | 83.1
1999 | 81.9 81.8 81.5 81.2 81.5 81.0 81.0 81.2 80.7 81.5 81.6 81.9 | 81.7 81.2 81.0 81.7 | 81.4
2000 | 81.5 81.4 81.4 81.6 81.4 81.3 80.7 80.3 80.6 80.0 79.8 79.3 | 81.4 81.4 80.5 79.7 | 80.8
2001 | 78.7 78.2 77.9 77.7 77.1 76.6 76.3 76.0 75.6 75.1 74.7 74.6 | 78.3 77.2 76.0 74.8 | 76.6
2002 | 75.1 75.0 75.5 75.8 76.1 76.8 76.5 76.6 76.7 76.4 76.8 76.3 | 75.2 76.2 76.6 76.5 | 76.1
| | |
2003 | 76.9 77.1 76.9 76.3 76.3 76.2 76.4 76.4 76.8 76.7 77.3 77.3 | 77.0 76.3 76.5 77.1 | 76.7
2004 | 77.4 77.9 77.4 77.8 78.4 77.7 78.2 78.4 78.3 79.1 79.3 79.9 | 77.5 77.9 78.3 79.4 | 78.3
2005 | 80.2 80.7 80.6 80.5 80.6 80.8 80.6 80.5 78.7 79.5 80.2 80.6 | 80.5 80.6 79.9 80.1 | 80.3
2006 | 80.5 80.4 80.5 80.7 80.3 80.4 80.4 80.4 80.1 80.0 79.7 80.4 | 80.5 80.5 80.3 80.0 | 80.3
2007 | 80.1 80.8 80.6 81.0 81.0 81.1 81.2 81.1 81.5 80.9 81.1 81.3 | 80.5 81.0 81.3 81.1 | 81.0
| | |
2008 | 81.0 80.8 80.4 79.7 79.2 79.0 78.7 77.3 73.9 74.7 73.8 71.9 | 80.8 79.3 76.6 73.5 | 77.5
2009 | 70.3 70.0 68.7 68.1 67.3 67.1 68.0 68.8 69.4 69.7 70.1 70.7 | 69.7 67.5 68.7 70.2 | 69.0
2010 | 71.8 72.1 72.6 73.0 74.2 74.4 75.2 75.4 75.6 75.6 75.7 76.6 | 72.2 73.9 75.4 76.0 | 74.4
2011 | 76.6 76.4 76.8 76.7 | 76.6 |
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<1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.
Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components.
Table 14
Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Excluding Selected High-Technology Industries
Seasonally adjusted
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
-------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) <2> | | |
1989 | .9 -1.0 .0 .1 -.9 .2 -1.4 .8 -.3 -.3 .1 .0 | 2.3 -3.1 -4.3 -.7 | .4
1990 | -.3 1.5 .4 -.3 .1 .2 -.2 .2 -.1 -.9 -1.2 -.8 | 3.6 2.3 .6 -7.6 | .0
1991 | -.8 -.8 -.8 .3 .7 1.1 .3 .2 1.1 -.2 -.3 -.3 | -9.7 1.4 7.0 1.0 | -2.6
1992 | -.9 .9 .9 .4 .5 .1 .8 -.5 -.1 .5 .3 -.2 | -1.1 7.1 2.7 1.4 | 2.6
| | |
1993 | 1.1 .1 -.3 .5 -.2 -.2 .2 -.2 .5 .7 .3 .5 | 4.0 .7 .4 5.7 | 2.5
1994 | .1 .1 1.2 .5 .4 .2 .2 .6 .1 .8 .5 .9 | 4.2 7.0 3.7 7.0 | 4.4
1995 | .1 -.3 -.1 -.4 -.1 .3 -.8 .9 .5 -.4 -.1 .0 | 2.8 -2.2 .3 .6 | 2.5
1996 | -1.2 1.3 -.4 1.0 .5 .8 -.1 .3 .4 -.4 .7 .7 | -1.8 7.3 4.0 2.8 | 1.5
1997 | -.2 1.0 .9 -.7 .5 .4 .1 1.3 .6 .5 .8 .2 | 6.1 2.9 6.8 8.2 | 4.9
| | |
1998 | .5 -.1 -.3 .2 .4 -1.1 -.9 2.4 -.8 .7 -.1 .2 | 3.1 -.2 -.5 4.1 | 3.5
1999 | -.1 .4 -.4 .0 .7 -.7 .0 .6 -.4 1.4 .3 .3 | .7 .3 .2 6.6 | 1.4
2000 | -.3 -.2 .3 .4 -.6 .0 -.4 -.8 .4 -.5 -.6 -.9 | .3 .6 -3.7 -4.7 | .7
2001 | -.6 -.5 -.3 -.1 -.7 -.5 -.1 -.7 -.3 -.7 -.2 .2 | -6.9 -4.3 -4.9 -4.6 | -4.8
2002 | .7 -.1 .8 .1 .7 1.0 -.5 .3 .1 -.5 .4 -.7 | 3.7 5.7 2.4 -1.4 | .4
| | |
2003 | .5 .0 .1 -1.1 -.1 .3 -.1 -.4 .7 -.2 .9 -.3 | .7 -3.9 .1 2.9 | .0
2004 | -.1 .8 -.3 .5 .7 -.9 .8 .6 -.3 1.1 -.1 .6 | 1.8 3.1 3.1 5.2 | 2.0
2005 | .7 .8 -.6 .1 .3 .1 -.3 .1 -1.3 1.4 .7 -.1 | 5.7 .9 -2.1 4.2 | 3.1
2006 | .8 -.2 -.2 .5 -.6 .2 -.1 .3 .0 -.4 .0 1.6 | 3.3 .0 .2 .9 | 1.5
2007 | -.4 .4 .5 .5 -.2 .4 .3 -.6 .4 -.8 .1 .2 | 4.5 4.0 .8 -2.3 | 2.0
| | |
2008 | -.4 -.7 -.6 -1.3 -.7 -.6 -1.0 -1.4 -3.5 -.4 -2.2 -3.0 | -3.6 -10.0 -14.1 -20.4 | -6.0
2009 | -2.8 .1 -2.2 -1.0 -1.3 -.4 1.3 .9 .8 -.1 .8 .2 | -22.2 -12.9 5.9 5.4 | -13.7
2010 | 1.0 .0 .9 .7 1.2 -.1 .9 .0 .1 .2 .1 .9 | 6.8 8.6 5.1 2.9 | 4.9
2011 | .6 .2 .6 -.6 | 6.4 |
| | |
IP | | |
(2007 = 100) | | |
2009 | 82.9 82.9 81.1 80.3 79.3 79.0 80.0 80.7 81.3 81.2 81.9 82.0 | 82.3 79.5 80.7 81.7 | 81.1
2010 | 82.8 82.8 83.6 84.2 85.2 85.1 85.8 85.8 86.0 86.2 86.2 87.0 | 83.1 84.8 85.9 86.5 | 85.1
2011 | 87.6 87.7 88.2 87.7 | 87.8 |
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
2009 | 125.2 124.9 124.5 124.2 123.8 123.4 122.9 122.5 122.1 121.6 121.2 120.8 | 124.9 123.8 122.5 121.2 | 123.1
2010 | 120.5 120.1 119.8 119.5 119.3 119.1 118.9 118.7 118.6 118.5 118.5 118.4 | 120.1 119.3 118.7 118.5 | 119.2
2011 | 118.4 118.4 118.4 118.4 | 118.4 |
| | |
Utilization | | |
(percent) | | |
1989 | 86.0 85.0 84.9 84.8 84.0 84.0 82.7 83.2 82.8 82.4 82.3 82.2 | 85.3 84.3 82.9 82.3 | 83.7
1990 | 81.8 82.9 83.0 82.6 82.6 82.6 82.4 82.5 82.3 81.4 80.3 79.5 | 82.6 82.6 82.4 80.4 | 82.0
1991 | 78.8 78.1 77.4 77.5 78.0 78.7 78.9 78.9 79.7 79.4 79.1 78.7 | 78.1 78.1 79.1 79.1 | 78.6
1992 | 77.9 78.6 79.2 79.5 79.8 79.8 80.3 79.8 79.7 79.9 80.1 79.8 | 78.6 79.7 79.9 79.9 | 79.5
| | |
1993 | 80.6 80.5 80.2 80.5 80.3 80.1 80.2 79.9 80.3 80.8 81.0 81.3 | 80.4 80.3 80.1 81.0 | 80.5
1994 | 81.3 81.3 82.1 82.5 82.7 82.7 82.8 83.2 83.1 83.6 83.9 84.5 | 81.6 82.6 83.0 84.0 | 82.8
1995 | 84.5 84.0 83.8 83.3 83.0 83.1 82.2 82.8 83.1 82.5 82.3 82.1 | 84.1 83.1 82.7 82.3 | 83.1
1996 | 81.0 81.9 81.4 82.1 82.3 82.8 82.5 82.6 82.8 82.2 82.6 82.9 | 81.4 82.4 82.6 82.5 | 82.3
1997 | 82.5 83.1 83.5 82.7 82.7 82.7 82.5 83.3 83.4 83.5 83.8 83.6 | 83.0 82.7 83.1 83.6 | 83.1
| | |
1998 | 83.7 83.2 82.7 82.5 82.5 81.3 80.3 81.9 81.0 81.3 80.9 80.8 | 83.2 82.1 81.1 81.0 | 81.8
1999 | 80.6 80.7 80.1 79.9 80.2 79.5 79.3 79.6 79.1 80.0 80.2 80.3 | 80.4 79.9 79.4 80.2 | 80.0
2000 | 79.9 79.7 79.8 79.9 79.4 79.3 78.9 78.1 78.3 77.8 77.3 76.5 | 79.8 79.5 78.4 77.2 | 78.7
2001 | 76.0 75.6 75.3 75.1 74.5 74.1 74.0 73.4 73.2 72.7 72.5 72.6 | 75.6 74.6 73.5 72.6 | 74.1
2002 | 73.1 73.0 73.6 73.7 74.2 75.0 74.6 74.9 75.0 74.6 74.9 74.4 | 73.2 74.3 74.8 74.7 | 74.2
| | |
2003 | 74.9 74.9 75.0 74.2 74.2 74.4 74.4 74.1 74.7 74.6 75.4 75.2 | 74.9 74.3 74.4 75.1 | 74.7
2004 | 75.1 75.7 75.5 76.0 76.5 75.9 76.5 77.0 76.8 77.6 77.5 78.0 | 75.5 76.1 76.7 77.7 | 76.5
2005 | 78.5 79.1 78.6 78.6 78.8 78.8 78.5 78.5 77.3 78.3 78.8 78.6 | 78.7 78.8 78.1 78.6 | 78.5
2006 | 79.2 78.9 78.6 78.9 78.3 78.4 78.2 78.3 78.2 77.8 77.7 78.9 | 78.9 78.5 78.3 78.1 | 78.5
2007 | 78.5 78.8 79.1 79.4 79.2 79.5 79.6 79.1 79.4 78.8 78.9 79.0 | 78.8 79.4 79.4 78.9 | 79.1
| | |
2008 | 78.6 78.1 77.7 76.7 76.2 75.7 75.0 74.0 71.5 71.3 69.9 68.0 | 78.2 76.2 73.5 69.7 | 74.4
2009 | 66.2 66.4 65.1 64.7 64.0 64.0 65.1 65.9 66.6 66.8 67.6 67.9 | 65.9 64.3 65.9 67.4 | 65.9
2010 | 68.8 69.0 69.8 70.4 71.4 71.5 72.2 72.3 72.5 72.7 72.8 73.5 | 69.2 71.1 72.3 73.0 | 71.4
2011 | 74.0 74.1 74.5 74.1 | 74.2 |
-------------------------------------------------------------------------------------------------------------------------------------------
<1> See note on cover page.
<2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.
Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components.
Explanatory Note
The Industrial Production and Capacity Utilization statistical release,
which is published around the middle of the month, reports measures of
output, capacity, and capacity utilization in manufacturing, mining, and
the electric and gas utilities industries. More detailed descriptions of
industrial production and capacity utilization are available on the Board's
website at www.federalreserve.gov/releases/G17. In addition,
the website includes files containing data shown in the release, more detailed
series that are published in a monthly supplement to the G.17, and
historical data. Instructions on searching for and downloading specific
series are provided as well.
Industrial Production
Coverage. The industrial production (IP) index measures the real output
of the manufacturing, mining, and electric and gas utilities industries; the
reference period for the index is 2007. Manufacturing consists of those
industries included in the North American Industry Classification System
(NAICS) definition of manufacturing plus those industries-
newspaper, periodical, book, and directory publishing plus logging-that have
traditionally been considered to be manufacturing. For the period since 1997,
the total IP index has been constructed from 312 individual series
based on the 2002 NAICS codes. These individual series
are classified in two ways: (1) market groups, and (2) industry groups.
Market groups consist of products and materials. Total products are the
aggregate of final products, such as consumer goods and equipment, and
nonindustrial supplies (which are inputs to nonindustrial sectors).
Materials are inputs in the manufacture of products. Major industry
groups include three-digit NAICS industries and aggregates of these
industries-for example, durable and nondurable manufacturing, mining,
and utilities. A complete description of the market and industry structures,
including details regarding series classification, relative importance
weights, and data sources, is available on the Board's web site
(www.federalreserve.gov/releases/G17/About.htm).
Source data. On a monthly basis, the individual indexes of industrial
production are constructed from two main types of source data: (1) output
measured in physical units and (2) data on inputs to the production
process, from which output is inferred. Data on physical products, such as
tons of steel or barrels of oil, are obtained from private trade associations
and from government agencies; data of this type are used to estimate
monthly IP wherever possible and appropriate. Production indexes for a
few industries are derived by dividing estimated nominal output
(calculated using unit production and unit values or sales) by a
corresponding Fisher price index; the most notable of these fall within the
high-technology grouping and include computers, communications
equipment, and semiconductors. When suitable direct measures of product
are not available, estimates of output are based on production-worker
hours by industry. Data on hours worked by production workers are
collected in the monthly establishment survey conducted by the Bureau of
Labor Statistics. The factors used to convert inputs into estimates of
production are based on historical relationships between the inputs and the
comprehensive annual data used to benchmark the IP indexes; these
factors also may be influenced by technological or cyclical developments.
The annual data used in benchmarking the individual IP indexes are
constructed from a variety of source data, such as the quinquennial
Censuses of Manufactures and Mineral Industries and the Annual Survey
of Manufactures, prepared by the Bureau of the Census; the Minerals
Yearbook, prepared by the United States Geological Survey of the
Department of the Interior; and publications of the Department of Energy.
Aggregation Methodology and Weights. The aggregation method for
the IP index is a version of the Fisher-ideal index formula. (For a detailed
discussion of the aggregation method, see the Federal Reserve Bulletins
of February 1997 and March 2001.) In the IP index, series that measure the
output of an individual industry are combined using weights derived from
their proportion in the total value-added output of all industries. The IP
index, which extends back to 1919, is built as a chain-type index since
1972. The current formula for the growth in monthly IP (or any of the
sub-aggregates) since 1972 is shown below. An output index for month m is
denoted by I^A_m for aggregate A and I_m for each of its components.
The monthly price measure in the formula (p_m) is interpolated from an annual series of
value added divided by the average annual IP index.
% Equation not available in ascii file.
The IP proportions (typically shown in the first column of the relevant
tables in the G.17 release) are estimates of the industries' relative
contributions to overall growth in the following year. For example, the
relative importance weight of the motor vehicles and parts industry is
about 4 percent. If output in this industry increased 10 percent in a month,
then this gain would boost growth in total IP by 4/10 percentage point
(0.04 x 10% = 0.4%). To assist users with calculations, the Federal
Reserve's web site provides supplemental monthly statistics that represent
the exact proportionate contribution of a monthly change in a component
index to the monthly change in the total index (www.federalreserve.gov/
releases/G17/ipdisk/IPWeightsSa.txt).
Timing. The first estimate of output for a month is published around the 15th
of the following month. The estimate is preliminary (denoted by the superscript "p" in tables)
and subject to revision in each of the subsequent five months as new source data
become available. (Revised estimates are denoted by the superscript "r" in tables.)
For the first estimate of output for a given month, about 70 percent of the source data (in value-added terms)
are available; the fraction of available source data increases to 84 percent for estimates in the second month
that the estimate is published, 93 percent in the third month, 97 percent in the fourth month,
98 percent in the fifth month, and 99 percent in the sixth month. Data availability
by data type in late 2009 is summarized in the table below:
Availability of Monthly IP Data in Publication Window
(Percent of value added in 2009) %
Type of data 1st 2nd 3rd 4th 5th 6th
Physical product 25 39 48 52 53 53
Production-worker hours 45 45 45 45 45 45
IP data received 70 84 93 97 98 98
IP data estimated 30 16 7 3 2 2
The physical product group includes series based on either monthly or
quarterly data. As can be seen in the first row of the table, in the
first month, a physical product indicator is available for about half
of the series (in terms of value added) that ultimately are based on
physical product data (25 percent out of a total of 53 percent). Of the
25 percent, about two-thirds (19 percent of total IP) include series
that are derived from weekly physical product data and for which
actual monthly data may lag up to several months. On average,
quarterly product data are received for the fourth estimate of
industrial production. Specifically, quarterly data are available for
the third estimate of the last month of a quarter, the fourth estimate
of the second month of a quarter, and the fifth estimate of the first
month of a quarter.
Seasonal adjustment. Individual series are seasonally adjusted using
Census X-12 ARIMA. For series based on production-worker hours, the
current seasonal factors were estimated with data through January 2011;
for other series, the factors were estimated with data through at least
December 2010. Series are pre-adjusted for the effects of holidays or
business cycles when appropriate. For the data since 1972, all seasonally
adjusted aggregate indexes are calculated by aggregating the seasonally
adjusted indexes of the individual series.
Reliability. The average revision to the level of the total IP index, without
regard to sign, between the first and the fourth estimates was 0.26 percent
during the 1987-2009 period. The average revision to the percent change
in total IP, without regard to sign, from the first to the fourth estimates was
0.21 percentage point during the 1987-2009 period. In most cases (about
85 percent), the direction of the change in output indicated by the first
estimate for a given month is the same as that shown by the fourth
estimate.
Rounding. The published percent changes are calculated from unrounded
indexes, and may not be the same as percent changes calculated from the
rounded indexes shown in the release.
Capacity Utilization
Overview. The Federal Reserve Board constructs estimates of capacity
and capacity utilization for industries in manufacturing, mining, and
electric and gas utilities. For a given industry, the capacity utilization rate
is equal to an output index (seasonally adjusted) divided by a capacity
index. The Federal Reserve Board's capacity indexes attempt to capture
the concept of sustainable maximum output-the greatest level of output a
plant can maintain within the framework of a realistic work schedule, after
factoring in normal downtime and assuming sufficient availability of
inputs to operate the capital in place.
Coverage. Capacity indexes are constructed for 89 detailed industries
(71 in manufacturing, 16 in mining, and 2 in utilities), which mostly
correspond to industries at the three- and four-digit NAICS level.
Estimates of capacity and utilization are available for a variety of groups,
including durable and nondurable manufacturing, total manufacturing,
mining, utilities, and total industry. Manufacturing consists of those
industries included in the North American Industry Classification System
(NAICS) definition of manufacturing plus those industries-
newspaper, periodical, book, and directory publishing plus logging-that have
traditionally been considered to be manufacturing. Also, special aggregates
are available, such as high-technology industries and manufacturing
excluding high-technology industries.
Source Data. The monthly rates of capacity utilization are designed to be
consistent with both the monthly data on production and the periodically
available data on capacity and utilization. Because there is no direct
monthly information on overall industrial capacity or utilization rates, the
Federal Reserve first estimates annual capacity indexes from the source
data. Capacity data reported in physical units from government sources
(primarily from the U.S. Geological Survey and the Department of
Energy's Energy Information Administration) and trade sources are
available for portions of several industries in manufacturing (e.g., paper,
industrial chemicals, petroleum refining, motor vehicles), as well as for
electric utilities and mining; these industries represent about 25 percent of
total industrial capacity. When physical product data are unavailable for
manufacturing industries, capacity indexes are based on responses to the
Bureau of the Census's Quarterly Survey of Plant Capacity (QSPC); these
industries account for a bit less than 70 percent of total industry capacity.
In the absence of utilization data for a few mining and petroleum series, capacity
is based on trends through peaks in production (roughly 5 percent of total
industry capacity). A detailed description of the methodology used to
construct the capacity indexes is available on the Board's web site
(www.federalreserve.gov/releases/G17/CapNotes.htm).
Aggregation Methodology. Monthly capacity aggregates are calculated
in three steps: (1) utilization aggregates are calculated on an annual basis
through the most recent full year as capacity-weighted aggregates of
individual utilization rates; (2) the annual aggregate capacity is derived
from the corresponding production and utilization aggregates; (3) the
monthly capacity aggregate is obtained by interpolating the annual capacity aggregate
with a Fisher index of its constituent monthly capacity series. Utilization rates for the
individual series and aggregates are calculated by dividing the pertinent
monthly production index by the related capacity index.
Consistency. A major aim is that the Federal Reserve utilization rates be
consistent over time so that, for example, a rate of 85 percent means about
the same degree of tightness that it meant in the past. A major task for the
Federal Reserve in developing reasonable and consistent time series of
capacity and utilization is dealing with inconsistencies between the
movements of the industrial production index and the survey-based
utilization rates. The McGraw-Hill/DRI Survey, now discontinued, was
the primary source of manufacturing utilization rates for many years. This
was a survey of large companies that reported, on average, higher
utilization rates than those reported by establishments covered by the Census
Bureau's annual Survey of Plant Capacity (the predecessor to the QSPC) for the
fourteen years they overlapped. Adjustments have been made to keep the industry
utilization rates currently reported by the Federal Reserve roughly in line
with rates formerly reported by McGraw-Hill. As a consequence, the rates
reported by the Federal Reserve tend to be higher than the rates reported in
the QSPC.
Perspective. Over the 1972-2010 period, the average total industry
utilization rate is 80.4 percent; for manufacturing, the average factory
operating rate has been 79.0 percent. Industrial plants usually operate at
capacity utilization rates that are well below 100 percent: none of the
broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in
wartime. The highs and lows in capacity utilization shown in table 7 are
specific to each series and do not all occur in the same month.
References and Release Dates
References. The release for the annual revision that was published
on June 25, 2010 is available on the Board's website (www.federal
reserve.gov/releases/g17/revisions/Current/DefaultRev.htm). The annual revision
published in March 2009 is provided in the Federal Reserve Bulletin, vol. 95
(August 2009), pp. A125-A145. The annual revision published in March 2008 is described
in an article published in the Federal Reserve Bulletin, vol. 94 (August 2008),
pp. A41-A60. A summary of the annual revision that incorporated back to 1972
production and capacity indexes reclassified according to the North American
Industry Classification System is available in an article in the
Federal Reserve Bulletin, vol. 89 (April 2003), pp. 151-176.
A description of the aggregation methods for industrial production and
capacity utilization is included in an article in the Federal Reserve
Bulletin, vol. 83 (February 1997), pp. 67-92. The Federal Reserve
methodology for constructing industry-level measures of capital is detailed
in "Capital Stock Estimates for Manufacturing Industries: Methods and
Data" by Mike Mohr and Charles Gilbert (1996), which can be obtained
at: www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.
Industrial Production-1986 Edition contains a more detailed description
of the other methods used to compile the industrial production index, plus
a history of its development, a glossary of terms, and a bibliography. The
major revisions to the IP indexes and capacity utilization since 1990 have
been described in the Federal Reserve Bulletin (April 1990, June 1990,
June 1993, March 1994, January 1995, January 1996, February 1997,
February 1998, January 1999, March 2000, March 2001, March 2002,
April 2003, Winter 2004, Winter 2005, March 2006, May 2007, August 2008).
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