FEDERAL RESERVE STATISTICAL RELEASE                                 
 
 G.17 (419)                                                          For release at 9:15 a.m. (EDT)
                                                                     July 15, 2011

 Industrial Production and Capacity Utilization


        Industrial production increased 0.2 percent in June after having edged down 0.1 percent in May.  For the
 second quarter as a whole, total industrial production increased at an annual rate of 0.8 percent.
 Manufacturing output was unchanged in June.   In the second quarter, supply chain disruptions following the
 earthquake in Japan curtailed the production of motor vehicles and parts and restrained output in related
 industries; the production index for overall manufacturing was little changed for the quarter.  The output
 of mines rose 0.5 percent in June, while the output of utilities climbed 0.9 percent.  At 93.1 percent of
 its 2007 average, total industrial production in June was 3.4 percent above its year-earlier level.  The
 capacity utilization rate for total industry remained unchanged at 76.7 percent in June, a rate 2.2
 percentage points above the rate from a year earlier but 3.7 percentage points below its average from 1972
 to 2010.

 Market Groups
 -------------

        Production recorded a mix of gains and losses across the major market groups in June.  Output for the
 second quarter as a whole moved up in most of the major market groups, although the production of consumer
 goods decreased at an annual rate of 1.2 percent.  Declines in the output of consumer goods occurred for
 both durables and nondurables.  In June, the production of consumer goods was unchanged, with a decline of
 0.5 percent in durables offsetting an increase of 0.2 percent in nondurables.  Among consumer durables,
 lower production of automotive products; appliances, furniture, and carpeting; and miscellaneous goods more
 than offset a small gain in home electronics.  Within consumer nondurables, the output of non-energy
 nondurables was unchanged; increased output of chemical products was offset by declines elsewhere.  The
 index for consumer energy products moved up 0.8 percent, with gains in the indexes for fuels and for
 residential utilities.

       The production of business equipment declined 0.7 percent in June, with transit equipment and
 information processing equipment recording decreases of 1.9 percent and 1.4 percent, respectively, and
 industrial and other equipment being little changed.  The output of business equipment increased at an
 annual rate of only 1.2 percent in the second quarter after gains averaging more than 12 percent over the
 previous five quarters.  An increase of 7.0 percent in the production of transit equipment accounted for
 most of the rise in business equipment in the second quarter; the output of information processing
 equipment fell, and the output of industrial and other equipment was little changed.

       In June, the index for defense and space equipment decreased 1.4 percent after having registered
 gains in each of the previous five months.

       The output of construction supplies increased for the fourth consecutive month in June and climbed at
 an annual rate of 6.4 percent in the second quarter.  The production of business supplies rose in June
 after having declined in both April and May and was little changed for the second quarter as a whole.

        The output of materials to be further processed in the industrial sector increased 0.5 percent in June.
 The output of durable materials rose 0.7 percent.  The indexes for all of its major categories advanced;
 the largest gain was an increase of 1.7 percent for consumer parts following two consecutive monthly
 declines.  The index for nondurable materials edged down in June, while gains in both oil production and
 electricity generation helped boost the index for energy materials 0.8 percent.  For the second quarter,
 materials output increased at an annual rate of 1.3 percent.  The production of durable materials rose 1.1
 percent, with gains in equipment parts and other durable materials more than offsetting a sizable decline
 in consumer parts.  The output of nondurable materials moved down 3.9 percent; declines in chemical
 materials and paper materials more than offset a large increase for textile materials.  The index for
 energy materials rose 5.2 percent.

 Industry Groups
 ---------------

       Manufacturing output was unchanged in June.  For the second quarter as a whole, the manufacturing
 index edged up at an annual rate of 0.2 percent, a notably smaller gain than in any quarter since the
 recession ended in the second quarter of 2009.  Capacity utilization for manufacturing was unchanged in
 June at 74.4 percent, a rate about 10 percentage points above its trough in June 2009 but 4.6 percentage
 points below its average from 1972 to 2010.

       The production index for durable goods manufacturing was unchanged in June.  Among its major
 categories, the largest increases were for primary metals and fabricated metal products, whereas the most
 significant decreases were for furniture and related products, motor vehicles and parts, and wood products.
 For the second quarter, durable manufacturing rose at an annual rate of 1.4 percent.  Robust gains were
 recorded in aerospace and miscellaneous transportation equipment, nonmetallic mineral products, and
 fabricated metal products.  However, these gains were mostly offset by a large drop for motor vehicles and
 parts along with decreases for electrical equipment, appliances, and components and for wood products.

       The index for nondurable manufacturing increased 0.1 percent in June; higher output of textile and
 product mills, petroleum and coal products, and chemicals slightly more than offset lower output in other
 nondurable categories.  For the second quarter, nondurables output decreased at an annual rate of 0.2
 percent.  Production in the non-NAICS manufacturing industries (logging and publishing) decreased 0.5
 percent in June and dropped at an annual rate of 9.4 percent for the second quarter as a whole.

       In June, the production index for utilities increased 0.9 percent; its operating rate rose to
 79.5 percent, but that rate remained 7.1 percentage points below its 1972-2010 average.  Mining output
 increased for the fourth consecutive month in June and rose at an annual rate of 6.7 percent for the second
 quarter, primarily as a result of gains in natural gas extraction.  Capacity utilization in mining climbed
 to 88.9 percent in June, a rate 1.5 percentage points above its average from 1972 to 2010.

       Capacity utilization rates in June at industries grouped by stage of process were as follows:  At the
 crude stage, utilization increased 0.2 percentage point to 87.2 percent, a rate 0.8 percentage point above
 its long-run (1972-2010) average; at the primary and semifinished stages, utilization rose 0.4 percentage
 point to 74.1 percent, a rate 7.2 percentage points below its long-run average; and at the finished stage,
 utilization decreased 0.4 percentage point to 75.4 percent, a rate 1.9 percentage points below its long-run
 average.

 Industrial Production and Capacity Utilization:  Summary
 Seasonally adjusted
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                             2007=100                              |                                   Percent change
                                  | ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
                                  |      2011                                                         |      2011                                                         |    June '10 to 
 Industrial production            |   Jan.[r]    Feb.[r]    Mar.[r]    Apr.[r]     May[r]    June[p]  |   Jan.[r]    Feb.[r]    Mar.[r]    Apr.[r]     May[r]    June[p]  |      June '11 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                   |                                                                   |
  Total index                     |      92.8       92.5       93.1       93.0       92.9       93.1  |        .2        -.3         .7        -.1        -.1         .2  |            3.4 
     Previous estimates           |      92.7       92.4       92.9       92.9       93.0             |        .1        -.3         .6         .0         .1             |                
                                  |                                                                   |                                                                   |
  Major market groups             |                                                                   |                                                                   |
  Final Products                  |      94.6       94.3       94.5       94.4       94.6       94.4  |        .8        -.3         .2         .0         .1        -.2  |            3.1 
     Consumer goods               |      93.7       93.0       93.3       93.2       93.0       93.0  |        .4        -.7         .3        -.1        -.3         .0  |            1.4 
     Business equipment           |      94.1       94.8       94.5       94.3       95.4       94.7  |       1.9         .8        -.3        -.3        1.2        -.7  |            7.7 
  Nonindustrial supplies          |      83.2       83.0       83.7       83.6       83.5       83.7  |       -.1        -.3         .8        -.1        -.1         .2  |            1.4 
     Construction                 |      74.9       74.5       75.3       75.4       76.3       76.5  |        .7        -.6        1.2         .1        1.1         .3  |            4.0 
  Materials                       |      94.5       94.1       95.1       94.9       94.6       95.1  |       -.2        -.4        1.1        -.2        -.3         .5  |            4.3 
                                  |                                                                   |                                                                   |
  Major industry groups           |                                                                   |                                                                   |
  Manufacturing (see note below)  |      89.4       89.5       90.1       89.7       89.7       89.8  |        .7         .1         .6        -.5         .1         .0  |            3.7 
     Previous estimates           |      89.3       89.4       89.9       89.4       89.8             |        .6         .1         .6        -.5         .4             |                
  Mining                          |     104.0      102.6      104.4      104.7      105.4      106.0  |       -.6       -1.3        1.7         .3         .7         .5  |            6.1 
  Utilities                       |     103.4      101.0      100.7      102.0      100.0      100.9  |      -1.7       -2.3        -.3        1.4       -2.0         .9  |           -1.5 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                                                                                             |    Capacity
                                  |                                                             Percent of capacity                                                             |     growth
                                  | ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
                                  |     Average       1988-       1990-       1994-       2008-             |                                                                   |                
                                  |       1972-          89          91          95          09       2010  |      2011                                                         |    June '10 to 
 Capacity utilization             |       2010         high         low        high         low       June  |   Jan.[r]    Feb.[r]    Mar.[r]    Apr.[r]     May[r]    June[p]  |      June '11 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                         |                                                                   |
  Total industry                  |       80.4        85.2        78.8        85.1        67.3        74.5  |      76.9       76.6       77.0       76.8       76.7       76.7  |             .4 
     Previous estimates           |                                                                         |      76.8       76.5       76.8       76.7       76.7             |                
                                  |                                                                         |                                                                   |
  Manufacturing (see note below)  |       79.0        85.5        77.3        84.7        64.4        71.7  |      74.3       74.4       74.8       74.4       74.4       74.4  |             .0 
     Previous estimates           |                                                                         |      74.2       74.3       74.7       74.2       74.5             |                
  Mining                          |       87.4        86.3        83.8        88.5        79.0        85.2  |      88.2       86.8       88.1       88.2       88.6       88.9  |            1.7 
  Utilities                       |       86.6        92.9        84.3        93.3        79.2        83.2  |      82.1       80.0       79.6       80.6       78.8       79.5  |            3.2 
                                  |                                                                         |                                                                   |
  Stage-of-process groups         |                                                                         |                                                                   |
  Crude                           |       86.4        87.7        84.3        89.6        77.6        84.5  |      87.2       86.2       87.3       87.1       87.0       87.2  |            1.4 
  Primary and semifinished        |       81.3        86.5        77.9        87.9        64.9        72.3  |      74.3       73.7       74.1       73.9       73.7       74.1  |            -.4 
  Finished                        |       77.3        83.3        77.4        80.7        66.8        73.1  |      75.7       75.9       76.1       75.9       75.8       75.4  |            1.2 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 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                        |
                                                   |             |             |------------------------------|------------------------------|------------------------------------------------------------| June '10 
                                                   |             |        2010 |                              |     2010      2011           |     2011                                                   |     to
 Item                                              |    NAICS    |Proportion<1>|     2008      2009      2010 |       Q4     Q1[r]     Q2[p] |  Jan.[r]   Feb.[r]   Mar.[r]   Apr.[r]    May[r]   June[p] |  June '11 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |                              |                              |                                                            |
  Total IP                                         |             |   100.00    |     -9.1      -5.5       6.2 |      3.1       4.8        .8 |       .2       -.3        .7       -.1       -.1        .2 |       3.4 
                                                   |             |             |                              |                              |                                                            |
  MARKET GROUP                                     |             |             |                              |                              |                                                            |
  Final products and nonindustrial supplies        |             |    55.24    |     -9.1      -5.5       5.3 |      1.6       5.0        .4 |       .6       -.3        .3       -.1        .1       -.1 |       2.7 
     Consumer goods                                |             |    29.07    |     -7.5      -2.1       3.3 |      -.4       3.6      -1.2 |       .4       -.7        .3       -.1       -.3        .0 |       1.4 
        Durable                                    |             |     6.17    |    -18.5      -1.7       5.6 |     -3.1      21.0      -2.4 |      2.5       2.4       2.2      -2.8        .2       -.5 |       5.5 
           Automotive products                     |             |     3.26    |    -22.2       9.1       6.1 |     -7.0      30.3      -5.8 |      4.4       2.9       3.1      -3.9       -.4       -.6 |       7.5 
           Home electronics                        |             |      .23    |     -6.5       2.5      -6.8 |    -13.8     -10.8       4.2 |     -1.1       -.9        .1        .4       1.3        .2 |      -5.1 
           Appliances, furniture, carpeting        |             |      .82    |    -22.2     -15.0       3.2 |      1.1      11.4        .5 |      -.4       3.4       4.7      -4.1        .5       -.5 |       2.1 
           Miscellaneous goods                     |             |     1.85    |    -12.7     -12.1       7.6 |      3.7      13.8       2.0 |      1.1       1.5       -.2       -.4       1.1       -.6 |       5.0 
        Nondurable                                 |             |    22.91    |     -3.9      -2.2       2.6 |       .4       -.7       -.8 |      -.2      -1.5       -.2        .7       -.4        .2 |        .3 
           Non-energy                              |             |    16.98    |     -5.7      -2.8       2.2 |      2.7       -.5       1.0 |       .3       -.7        .0        .8       -.4        .0 |       1.0 
              Foods and tobacco                    |             |     9.43    |     -4.1      -1.2       4.8 |      2.4       -.6      -1.0 |       .6       -.8       -.3        .8       -.8       -.1 |        .6 
              Clothing                             |             |      .21    |    -12.3     -23.8       7.6 |      7.2       -.4      -4.9 |      -.3        .6      -3.4       1.2        .0       -.9 |        .1 
              Chemical products                    |             |     5.26    |     -7.3      -3.5       -.6 |      3.1       1.1       6.7 |      -.2       -.4        .9       1.1        .0        .1 |       2.5 
              Paper products                       |             |     1.56    |     -9.8      -5.7      -3.2 |      1.9      -5.9      -7.0 |      -.3      -2.3      -1.0       -.6        .6       -.3 |      -3.3 
           Energy                                  |             |     5.92    |      1.9        .1       3.9 |     -6.0      -1.2      -6.0 |     -1.4      -3.6       -.9        .3       -.4        .8 |      -1.7 
                                                   |             |             |                              |                              |                                                            |
     Business equipment                            |             |     9.06    |    -12.9      -7.9      12.2 |      9.5      13.4       1.2 |      1.9        .8       -.3       -.3       1.2       -.7 |       7.7 
        Transit                                    |             |     1.88    |    -35.4      11.9      10.5 |     -3.2      16.8       7.0 |      2.0       3.1       1.8      -1.0       1.7      -1.9 |       9.7 
        Information processing                     |             |     2.51    |     -3.7       1.3      11.3 |     11.3      10.4       -.9 |      1.3        .7        .3       -.6        .5      -1.4 |       6.9 
        Industrial and other                       |             |     4.67    |     -8.4     -18.0      13.3 |     14.1      13.7        .1 |      2.2       -.1      -1.6        .2       1.3        .1 |       7.3 
     Defense and space equipment                   |             |     2.36    |      1.9       1.2       5.5 |     -1.0       2.5       1.4 |       .8        .4        .2        .4        .2      -1.4 |       2.1 
                                                   |             |             |                              |                              |                                                            |
     Construction supplies                         |             |     4.08    |    -17.0     -17.3      10.1 |      5.0       1.9       6.4 |       .7       -.6       1.2        .1       1.1        .3 |       4.0 
     Business supplies                             |             |    10.06    |     -8.7      -5.8       1.4 |      -.9       2.4       -.3 |      -.4       -.1        .7       -.2       -.6        .2 |        .3 
                                                   |             |             |                              |                              |                                                            |
  Materials                                        |             |    44.76    |     -9.1      -5.5       7.5 |      4.9       4.6       1.3 |      -.2       -.4       1.1       -.2       -.3        .5 |       4.3 
     Non-energy                                    |             |    27.26    |    -14.1      -7.7       8.0 |      5.4      10.1      -1.1 |      1.1       -.4        .8       -.8        .0        .4 |       4.7 
        Durable                                    |             |    15.40    |    -13.7     -12.9      11.5 |      7.1      14.8       1.1 |      2.3       -.1        .9       -.9        .6        .7 |       7.4 
           Consumer parts                          |             |     2.02    |    -26.0     -14.7       9.0 |     -3.7       9.4     -11.8 |       .9       1.4       2.2      -4.7      -1.1       1.7 |       -.6 
           Equipment parts                         |             |     5.71    |     -7.3     -10.7      11.8 |     11.3      18.6       4.4 |      2.1        .2        .9       -.4       1.0        .5 |      10.5 
           Other                                   |             |     7.67    |    -14.3     -14.0      12.0 |      7.0      13.4       2.1 |      2.9       -.7        .5       -.3        .8        .7 |       7.2 
        Nondurable                                 |             |    11.87    |    -14.8        .0       3.5 |      3.1       4.2      -3.9 |      -.5       -.7        .8       -.7       -.8       -.1 |       1.2 
           Textile                                 |             |      .47    |    -16.9      -4.6       9.5 |      7.0       1.9      16.0 |     -3.6       3.9      -3.9       4.4        .7       1.0 |       9.6 
           Paper                                   |             |     2.30    |    -11.0      -4.5        .5 |     -1.1       2.8      -7.2 |       .8      -1.3       -.1       -.1      -1.5       -.6 |      -3.1 
           Chemical                                |             |     5.44    |    -21.1       2.9       4.9 |      3.7       8.1      -3.5 |      -.9       -.9       2.1      -1.3      -1.0       -.1 |       3.0 
     Energy                                        |             |    17.50    |      -.8      -1.9       6.5 |      4.2      -3.5       5.2 |     -2.1       -.6       1.5        .7       -.7        .8 |       3.7 
                                                   |             |             |                              |                              |                                                            |
                                                   |             |             |                              |                              |                                                            |
  INDUSTRY GROUP                                   |             |             |                              |                              |                                                            |
  Manufacturing                                    |             |    74.67    |    -11.8      -6.1       6.1 |      3.4       7.2        .2 |       .7        .1        .6       -.5        .1        .0 |       3.7 
     Manufacturing (NAICS)                         |       31-33 |    71.48    |    -11.8      -5.9       6.6 |      3.8       7.8        .6 |       .7        .2        .7       -.4        .1        .0 |       4.1 
                                                   |             |             |                              |                              |                                                            |
        Durable manufacturing                      |             |    35.68    |    -13.3      -9.1       9.6 |      5.7      13.8       1.4 |      1.7        .8        .8       -.8        .6        .0 |       6.8 
           Wood products                           |         321 |      .93    |    -22.5     -11.7       6.3 |      8.6      10.8      -6.9 |      1.1       -.6       2.3      -2.3       -.6      -1.2 |        .1 
           Nonmetallic mineral products            |         327 |     1.57    |    -19.4     -18.3       7.0 |      1.5      -8.9      13.6 |     -1.6       1.7        .6       1.1       2.0       -.4 |       2.8 
           Primary metals                          |         331 |     2.19    |    -19.9      -8.3      12.5 |     16.7      25.2        .3 |      1.7      -1.0       2.5      -1.7       -.1       1.6 |       8.2 
           Fabricated metal products               |         332 |     5.14    |    -11.8     -19.3      14.0 |      7.8       8.3      13.1 |       .6        .1       1.1       1.0       1.2       1.4 |      11.3 
           Machinery                               |         333 |     4.63    |     -9.0     -20.4      16.3 |     15.9      25.4      -1.8 |      3.8       -.2      -1.2       -.6       1.2        .6 |      10.2 
           Computer and electronic products        |         334 |     6.51    |     -5.7       1.4      10.8 |      9.6      15.1       -.1 |      1.8        .5       -.1       -.3        .6       -.7 |       7.4 
           Electrical equip., appliances,          |             |             |                              |                              |                                                            |
              and components                       |         335 |     1.74    |    -10.5     -17.5       9.6 |      9.2       1.0      -8.4 |       .4        .2        .3      -2.0       -.4       -.2 |        .8 
           Motor vehicles and parts                |      3361-3 |     4.50    |    -28.7       2.3      10.2 |    -11.1      29.2     -16.4 |      4.0       3.8       3.1      -6.6       -.3      -2.0 |       2.4 
           Aerospace and miscellaneous             |             |             |                              |                              |                                                            |
              transportation equipment             |      3364-9 |     4.20    |    -13.7        .8        .9 |      -.5       3.1      16.4 |       .5        .4       1.2       2.4        .5        .5 |       6.9 
           Furniture and related products          |         337 |     1.04    |    -20.7     -21.3       6.5 |      4.5       8.4       7.0 |       .2        .7       3.5      -1.4       2.0      -2.1 |       3.9 
           Miscellaneous                           |         339 |     3.22    |     -1.1      -5.3       4.1 |      6.4      11.5       2.5 |      1.3       1.9      -1.0        .1        .4        .9 |       6.5 
                                                   |             |             |                              |                              |                                                            |
        Nondurable manufacturing                   |             |    35.80    |    -10.1      -2.3       3.5 |      2.0       2.0       -.2 |      -.2       -.4        .6        .0       -.5        .1 |       1.4 
           Food, beverage, and tobacco products    |       311,2 |    11.70    |     -3.4       -.5       4.4 |      2.6       -.7      -1.3 |       .4       -.6       -.2        .7       -.9       -.2 |        .7 
           Textile and product mills               |       313,4 |      .74    |    -16.7     -10.5       6.8 |      3.0       3.2      11.2 |     -2.2       3.2      -2.1       2.5        .5        .7 |       6.4 
           Apparel and leather                     |       315,6 |      .29    |    -18.6     -18.9       6.8 |     13.1       5.1      -1.1 |       .0        .4      -2.5       1.2        .5       -.7 |       4.7 
           Paper                                   |         322 |     2.75    |    -12.9       -.3       2.2 |      1.5       2.9      -8.0 |       .7      -1.8        .4       -.9      -1.1       -.3 |      -2.4 
           Printing and support                    |         323 |     1.57    |    -10.3     -13.5      -3.0 |     -7.5      -2.8       -.7 |      -.6       1.1       -.5        .5       -.5      -1.0 |      -4.2 
           Petroleum and coal products             |         324 |     3.81    |     -4.0       -.9       4.3 |       .0      -7.0        .7 |     -3.0       -.6       2.3      -2.1       1.1        .8 |        .5 
           Chemicals                               |         325 |    11.88    |    -14.6       -.5       1.9 |      2.4       7.4        .9 |      -.3       -.2       1.5       -.3       -.7        .3 |       3.0 
           Plastics and rubber products            |         326 |     3.06    |    -15.5      -7.3       9.8 |      4.1       5.4       3.2 |       .9       -.1       -.3        .9        .2       -.1 |       4.1 
                                                   |             |             |                              |                              |                                                            |
     Other manufacturing (non-NAICS)               |   1133,5111 |     3.19    |    -12.2     -10.0      -4.7 |     -6.2      -7.2      -9.4 |      -.3      -1.7      -1.3       -.8       -.1       -.5 |      -6.9 
                                                   |             |             |                              |                              |                                                            |
  Mining                                           |          21 |    13.94    |      -.4      -5.4      10.0 |      8.3      -3.6       6.7 |      -.6      -1.3       1.7        .3        .7        .5 |       6.1 
  Utilities                                        |      2211,2 |    11.39    |      -.4      -1.3       3.1 |     -4.8        .6      -2.6 |     -1.7      -2.3       -.3       1.4      -2.0        .9 |      -1.5 
     Electric                                      |        2211 |     9.73    |     -1.5      -1.7       2.5 |     -8.6       4.7       -.2 |      -.4      -1.8       -.6       2.8      -3.3       1.2 |      -1.4 
     Natural gas                                   |        2212 |     1.66    |      5.1        .9       6.8 |     20.3     -20.5     -16.2 |     -8.5      -5.6       1.3      -7.2       6.8       -.8 |      -1.6 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [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                        |
                                                   |             |             |------------------------------|------------------------------|------------------------------------------------------------| June '10 
                                                   |             |        2010 |                              |     2010      2011           |     2011                                                   |     to
 Item                                              |    NAICS    |   Proportion|     2008      2009      2010 |       Q4     Q1[r]     Q2[p] |  Jan.[r]   Feb.[r]   Mar.[r]   Apr.[r]    May[r]   June[p] |  June '11 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |                              |                              |                                                            |
  Total industry                                   |             |   100.00    |     -9.1      -5.5       6.2 |      3.1       4.8        .8 |       .2       -.3        .7       -.1       -.1        .2 |       3.4 
                                                   |             |             |                              |                              |                                                            |
  Energy                                           |             |    27.15    |      -.1      -2.4       6.0 |      1.5      -2.4       2.5 |     -1.9      -1.3       1.1        .5       -.6        .8 |       2.4 
     Consumer products                             |             |     5.92    |      1.9        .1       3.9 |     -6.0      -1.2      -6.0 |     -1.4      -3.6       -.9        .3       -.4        .8 |      -1.7 
     Commercial products                           |             |     3.17    |      -.6       -.2       1.7 |     -1.6      -1.9       -.7 |     -2.4      -1.1       2.8      -1.3      -1.2       1.3 |       -.5 
     Oil and gas well drilling                     |      213111 |      .56    |      6.8     -42.4      44.7 |     16.6      20.7      28.0 |      3.0        .5        .3       3.7       3.2        .3 |      22.3 
     Converted fuel                                |             |     4.37    |     -5.7      -1.3       3.4 |     -7.4      -1.0       3.7 |     -2.4      -2.7        .9       1.5      -1.3       1.8 |       -.6 
     Primary energy                                |             |    13.12    |       .7      -2.1       7.6 |      8.2      -4.3       5.7 |     -2.0        .1       1.7        .4       -.5        .5 |       5.2 
                                                   |             |             |                              |                              |                                                            |
  Non-energy                                       |             |    72.85    |    -12.1      -6.5       6.3 |      3.7       7.6        .2 |      1.1        .0        .5       -.4        .1        .0 |       3.8 
     Selected high-technology industries           |             |     3.56    |     -5.5       6.1      10.5 |     12.5      18.2       2.0 |      2.1        .3       -.4        .2        .5        .5 |      10.0 
        Computers and peripheral equipment         |        3341 |      .77    |     -1.5      15.7      12.1 |     23.3      -1.7      10.6 |     -1.4       -.4        .5       1.4       1.0        .5 |      13.0 
        Communications equipment                   |        3342 |      .73    |     -3.1        .1      -1.4 |     -1.6      15.0      -6.0 |      3.0       1.3       -.3       -.9       -.9       -.8 |        .3 
        Semiconductors and related                 |             |             |                              |                              |                                                            |
           electronic components                   |    334412-9 |     2.06    |     -7.8       4.3      14.4 |     13.7      27.6       1.8 |      3.1        .2       -.8        .1        .7       1.0 |      12.3 
                                                   |             |             |                              |                              |                                                            |
     Excluding selected high-technology            |             |             |                              |                              |                                                            |
           industries                              |             |    69.29    |    -12.6      -7.2       6.1 |      3.2       7.1        .1 |      1.0        .0        .6       -.4        .1       -.1 |       3.5 
                                                   |             |             |                              |                              |                                                            |
        Motor vehicles and parts                   |      3361-3 |     4.50    |    -28.7       2.3      10.2 |    -11.1      29.2     -16.4 |      4.0       3.8       3.1      -6.6       -.3      -2.0 |       2.4 
           Motor vehicles                          |        3361 |     2.36    |    -32.0      10.9      15.4 |    -14.8      41.4     -21.5 |      5.2       5.7       4.9      -9.3        .0      -3.6 |       5.8 
           Motor vehicle parts                     |        3363 |     1.84    |    -23.0      -7.3       2.8 |     -7.8       3.9     -14.9 |       .8       1.3       1.1      -4.2      -1.2       -.2 |      -5.4 
                                                   |             |             |                              |                              |                                                            |
        Excluding motor vehicles and parts         |             |    64.79    |    -11.4      -7.8       5.8 |      4.3       5.7       1.4 |       .8       -.3        .4        .1        .1        .1 |       3.5 
           Consumer goods                          |             |    20.21    |     -7.7      -4.8       2.8 |      2.4       1.3       1.6 |       .4       -.4        .2        .6       -.3       -.1 |       1.4 
           Business equipment                      |             |     7.29    |    -13.0      -9.7      10.4 |     12.0      12.0       4.1 |      1.6        .4       -.8        .5       1.4       -.1 |       8.3 
           Construction supplies                   |             |     4.06    |    -17.1     -17.4      10.2 |      5.1       1.8       6.5 |       .6       -.6       1.2        .1       1.2        .3 |       4.0 
           Business supplies                       |             |     6.64    |    -11.7      -8.4        .9 |     -1.2       3.6       -.1 |       .5        .3       -.2        .4       -.4       -.3 |        .2 
           Materials                               |             |    24.22    |    -13.4      -8.5       7.7 |      5.6       9.0       -.2 |       .9       -.5        .9       -.6        .1        .4 |       4.8 
                                                   |             |             |                              |                              |                                                            |
  Measures excluding selected high-technology      |             |             |                              |                              |                                                            |
        industries                                 |             |             |                              |                              |                                                            |
  Total industry                                   |             |    96.44    |     -9.3      -5.9       6.1 |      2.7       4.3        .8 |       .2       -.4        .7       -.2       -.1        .2 |       3.2 
     Manufacturing<1>                              |             |    71.11    |    -12.3      -6.8       5.8 |      2.9       6.6        .1 |       .6        .1        .7       -.5        .0        .0 |       3.3 
        Durable                                    |             |    32.26    |    -14.3     -10.8       9.5 |      4.8      13.2       1.4 |      1.6        .9        .9       -.9        .6        .0 |       6.4 
                                                   |             |             |                              |                              |                                                            |
  Measures excluding motor vehicles and parts      |             |             |                              |                              |                                                            |
  Total industry                                   |             |    95.50    |     -8.1      -5.8       6.1 |      3.8       3.8       1.7 |       .1       -.5        .5        .2       -.1        .3 |       3.5 
     Manufacturing<1>                              |             |    70.17    |    -10.7      -6.6       5.8 |      4.4       5.9       1.4 |       .5       -.1        .5        .0        .1        .2 |       3.7 
        Durable                                    |             |    31.31    |    -11.1     -10.6       9.5 |      8.2      11.6       4.3 |      1.4        .4        .4        .0        .7        .3 |       7.4 
                                                   |             |             |                              |                              |                                                            |
  Measures excluding selected high-technology      |             |             |                              |                              |                                                            |
        industries and motor vehicles and parts    |             |             |                              |                              |                                                            |
  Total industry                                   |             |    91.94    |     -8.2      -6.3       5.9 |      3.5       3.2       1.7 |       .0       -.6        .6        .2       -.1        .3 |       3.2 
     Manufacturing<1>                              |             |    66.61    |    -11.1      -7.3       5.6 |      4.0       5.2       1.4 |       .4       -.1        .5        .0        .1        .1 |       3.4 
                                                   |             |             |                              |                              |                                                            |
  Stage-of-process components                      |             |             |                              |                              |                                                            |
        of non-energy materials,                   |             |             |                              |                              |                                                            |
        measures of the input to                   |             |             |                              |                              |                                                            |
  Finished processors                              |             |    10.49    |    -12.8     -10.0       8.7 |      5.4      12.5       -.9 |      1.3        .3        .7      -1.0        .0        .5 |       5.3 
  Primary and semifinished processors              |             |    16.77    |    -15.0      -6.1       7.6 |      5.4       8.6      -1.2 |      1.0       -.7        .9       -.8        .0        .3 |       4.4 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [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         |   2011                                         
 Item                                              |Average|     Q3      Q4      Q1      Q2 |   Jan.    Feb.    Mar.    Apr.     May    June 
 --------------------------------------------------------------------------------------------------------------------------------------------
  Total                                            |  7.74 |   8.15    7.79    8.42    7.87 |   7.99    8.47    8.81    7.86    7.93    7.81 
     Autos                                         |  2.73 |   2.66    2.54    2.70    2.76 |   2.44    2.75    2.90    2.66    2.83    2.80 
     Trucks                                        |  5.01 |   5.49    5.25    5.73    5.10 |   5.55    5.72    5.90    5.21    5.10    5.00 
        Light                                      |  4.87 |   5.33    5.09    5.54    4.88 |   5.38    5.54    5.69    4.99    4.84    4.80 
        Medium and heavy                           |   .15 |    .16     .16     .19     .23 |    .17     .18     .21     .22     .26     .21 
                                                   |       |                                |
  Memo:                                            |       |                                |
     Autos and light trucks                        |  7.60 |   8.00    7.63    8.23    7.64 |   7.82    8.29    8.60    7.65    7.68    7.60 
 --------------------------------------------------------------------------------------------------------------------------------------------
      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|     Oct.      Nov.      Dec.   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[r]    May[r]   June[p] 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |
  Total IP                                         |             |   100.00    |     91.1      91.4      92.6      92.8      92.5      93.1      93.0      92.9      93.1 
                                                   |             |             |
  MARKET GROUP                                     |             |             |
  Final products and nonindustrial supplies        |             |    55.24    |     89.9      90.0      90.9      91.4      91.2      91.5      91.4      91.5      91.4 
     Consumer goods                                |             |    29.07    |     92.3      92.0      93.3      93.7      93.0      93.3      93.2      93.0      93.0 
        Durable                                    |             |     6.17    |     84.2      83.5      83.8      85.9      87.9      89.9      87.4      87.6      87.1 
           Automotive products                     |             |     3.26    |     90.3      87.7      88.2      92.0      94.7      97.6      93.8      93.5      92.9 
           Home electronics                        |             |      .23    |     99.3      98.4      97.1      96.1      95.2      95.2      95.6      96.8      97.0 
           Appliances, furniture, carpeting        |             |      .82    |     66.7      68.5      66.9      66.6      68.9      72.1      69.2      69.5      69.2 
           Miscellaneous goods                     |             |     1.85    |     80.2      81.3      82.3      83.2      84.4      84.3      83.9      84.8      84.3 
        Nondurable                                 |             |    22.91    |     94.9      94.8      96.4      96.3      94.8      94.6      95.2      94.8      95.0 
           Non-energy                              |             |    16.98    |     92.7      92.2      92.6      92.9      92.2      92.2      92.9      92.5      92.5 
              Foods and tobacco                    |             |     9.43    |     98.9      97.4      97.9      98.6      97.7      97.5      98.3      97.5      97.3 
              Clothing                             |             |      .21    |     66.2      66.3      67.1      66.9      67.4      65.1      65.8      65.8      65.2 
              Chemical products                    |             |     5.26    |     88.0      88.7      89.0      88.8      88.4      89.3      90.3      90.2      90.3 
              Paper products                       |             |     1.56    |     78.6      79.8      80.1      79.8      78.0      77.2      76.7      77.1      76.9 
           Energy                                  |             |     5.92    |    102.6     103.7     109.3     107.8     103.9     102.9     103.3     102.9     103.7 
                                                   |             |             |
     Business equipment                            |             |     9.06    |     91.0      91.3      92.4      94.1      94.8      94.5      94.3      95.4      94.7 
        Transit                                    |             |     1.88    |     85.0      83.4      83.3      84.9      87.6      89.2      88.3      89.8      88.0 
        Information processing                     |             |     2.51    |    107.5     108.4     109.1     110.4     111.2     111.5     110.9     111.5     110.0 
        Industrial and other                       |             |     4.67    |     85.2      85.9      87.7      89.6      89.6      88.1      88.3      89.5      89.6 
     Defense and space equipment                   |             |     2.36    |    116.5     115.8     115.3     116.2     116.7     116.9     117.3     117.6     116.0 
                                                   |             |             |
     Construction supplies                         |             |     4.08    |     74.3      75.0      74.4      74.9      74.5      75.3      75.4      76.3      76.5 
     Business supplies                             |             |    10.06    |     86.1      86.9      87.6      87.2      87.1      87.7      87.6      87.1      87.3 
                                                   |             |             |
  Materials                                        |             |    44.76    |     92.7      93.2      94.6      94.5      94.1      95.1      94.9      94.6      95.1 
     Non-energy                                    |             |    27.26    |     86.0      86.4      87.8      88.8      88.5      89.2      88.5      88.5      88.8 
        Durable                                    |             |    15.40    |     84.8      85.3      86.2      88.3      88.2      88.9      88.1      88.6      89.3 
           Consumer parts                          |             |     2.02    |     67.0      66.9      66.6      67.2      68.2      69.7      66.4      65.6      66.7 
           Equipment parts                         |             |     5.71    |     96.2      97.7      99.5     101.7     101.8     102.8     102.3     103.3     103.9 
           Other                                   |             |     7.67    |     82.6      82.8      83.5      85.9      85.3      85.7      85.4      86.1      86.7 
        Nondurable                                 |             |    11.87    |     87.8      87.9      90.2      89.7      89.1      89.8      89.1      88.4      88.4 
           Textile                                 |             |      .47    |     81.5      82.5      85.6      82.5      85.8      82.5      86.1      86.7      87.5 
           Paper                                   |             |     2.30    |     85.1      85.4      86.3      86.9      85.8      85.7      85.6      84.3      83.8 
           Chemical                                |             |     5.44    |     84.7      85.0      88.5      87.7      86.9      88.7      87.6      86.7      86.6 
     Energy                                        |             |    17.50    |    104.1     104.7     106.2     104.0     103.4     104.9     105.6     104.9     105.7 
                                                   |             |             |
                                                   |             |             |
  INDUSTRY GROUP                                   |             |             |
  Manufacturing                                    |             |    74.67    |     87.7      87.9      88.8      89.4      89.5      90.1      89.7      89.7      89.8 
     Manufacturing (NAICS)                         |       31-33 |    71.48    |     88.5      88.7      89.6      90.3      90.5      91.1      90.7      90.8      90.8 
                                                   |             |             |
        Durable manufacturing                      |             |    35.68    |     87.2      87.6      88.4      89.9      90.6      91.3      90.5      91.1      91.1 
           Wood products                           |         321 |      .93    |     69.6      70.1      71.0      71.8      71.4      73.0      71.4      70.9      70.1 
           Nonmetallic mineral products            |         327 |     1.57    |     69.7      69.9      67.7      66.6      67.7      68.1      68.8      70.2      69.9 
           Primary metals                          |         331 |     2.19    |     82.4      84.9      88.6      90.1      89.2      91.5      89.9      89.8      91.3 
           Fabricated metal products               |         332 |     5.14    |     81.4      82.5      83.1      83.6      83.7      84.7      85.5      86.6      87.8 
           Machinery                               |         333 |     4.63    |     83.2      84.4      87.0      90.3      90.1      89.1      88.6      89.6      90.1 
           Computer and electronic products        |         334 |     6.51    |    110.2     111.6     113.2     115.3     115.9     115.8     115.5     116.1     115.3 
           Electrical equip., appliances,          |             |             |
              and components                       |         335 |     1.74    |     80.9      81.6      80.8      81.1      81.3      81.5      79.9      79.5      79.3 
           Motor vehicles and parts                |      3361-3 |     4.50    |     79.0      76.2      76.5      79.5      82.5      85.0      79.5      79.2      77.6 
           Aerospace and miscellaneous             |             |             |
              transportation equipment             |      3364-9 |     4.20    |     94.6      94.3      93.8      94.3      94.7      95.9      98.1      98.6      99.1 
           Furniture and related products          |         337 |     1.04    |     66.4      67.2      67.0      67.1      67.6      70.0      69.0      70.3      68.8 
           Miscellaneous                           |         339 |     3.22    |     97.2      98.0      98.3      99.6     101.5     100.5     100.5     101.0     101.9 
                                                   |             |             |
        Nondurable manufacturing                   |             |    35.80    |     90.2      90.0      91.2      91.0      90.6      91.2      91.2      90.7      90.8 
           Food, beverage, and tobacco products    |       311,2 |    11.70    |    100.3      98.8      99.4      99.8      99.2      99.0      99.7      98.8      98.6 
           Textile and product mills               |       313,4 |      .74    |     75.7      75.8      77.5      75.8      78.3      76.7      78.5      78.9      79.5 
           Apparel and leather                     |       315,6 |      .29    |     62.9      63.2      64.8      64.8      65.1      63.4      64.2      64.5      64.1 
           Paper                                   |         322 |     2.75    |     88.5      88.8      90.0      90.7      89.1      89.4      88.6      87.7      87.4 
           Printing and support                    |         323 |     1.57    |     75.4      74.9      74.4      73.9      74.7      74.4      74.7      74.4      73.6 
           Petroleum and coal products             |         324 |     3.81    |     97.5      97.7      98.9      95.9      95.3      97.5      95.4      96.5      97.3 
           Chemicals                               |         325 |    11.88    |     86.0      86.6      88.5      88.3      88.1      89.4      89.1      88.5      88.7 
           Plastics and rubber products            |         326 |     3.06    |     84.9      85.1      85.7      86.5      86.4      86.2      86.9      87.2      87.1 
                                                   |             |             |
     Other manufacturing (non-NAICS)               |   1133,5111 |     3.19    |     72.5      72.8      72.7      72.4      71.2      70.3      69.7      69.7      69.3 
                                                   |             |             |
  Mining                                           |          21 |    13.94    |    104.7     104.5     104.6     104.0     102.6     104.4     104.7     105.4     106.0 
  Utilities                                        |      2211,2 |    11.39    |     98.8     100.6     105.1     103.4     101.0     100.7     102.0     100.0     100.9 
     Electric                                      |        2211 |     9.73    |     97.8      99.1     102.9     102.5     100.7     100.1     102.9      99.5     100.7 
     Natural gas                                   |        2212 |     1.66    |    104.2     109.4     118.0     107.9     101.9     103.3      95.8     102.3     101.5 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 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|     Oct.      Nov.      Dec.   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[r]    May[r]   June[p] 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |
  Total industry                                   |             |   100.00    |     91.1      91.4      92.6      92.8      92.5      93.1      93.0      92.9      93.1 
                                                   |             |             |
  Energy                                           |             |    27.15    |    102.7     103.6     106.0     104.0     102.7     103.8     104.2     103.6     104.5 
     Consumer products                             |             |     5.92    |    102.6     103.7     109.3     107.8     103.9     102.9     103.3     102.9     103.7 
     Commercial products                           |             |     3.17    |     99.4     101.3     103.1     100.6      99.5     102.3     101.0      99.8     101.1 
     Oil and gas well drilling                     |      213111 |      .56    |     86.5      86.7      88.4      91.1      91.5      91.8      95.1      98.2      98.4 
     Converted fuel                                |             |     4.37    |     94.5      97.2     101.4      99.0      96.3      97.1      98.6      97.4      99.1 
     Primary energy                                |             |    13.12    |    107.3     107.2     107.7     105.5     105.6     107.4     107.9     107.3     107.8 
                                                   |             |             |
  Non-energy                                       |             |    72.85    |     87.3      87.4      88.2      89.1      89.1      89.6      89.3      89.4      89.3 
     Selected high-technology industries           |             |     3.56    |    117.8     120.2     122.7     125.3     125.7     125.1     125.4     126.0     126.7 
        Computers and peripheral equipment         |        3341 |      .77    |    141.3     144.0     144.9     142.9     142.4     143.1     145.2     146.7     147.4 
        Communications equipment                   |        3342 |      .73    |     88.2      87.9      87.8      90.4      91.6      91.3      90.5      89.7      89.0 
        Semiconductors and related                 |             |             |
           electronic components                   |    334412-9 |     2.06    |    122.4     125.8     130.2     134.3     134.5     133.4     133.6     134.6     135.9 
                                                   |             |             |
     Excluding selected high-technology            |             |             |
           industries                              |             |    69.29    |     85.7      85.7      86.4      87.3      87.3      87.8      87.4      87.5      87.4 
                                                   |             |             |
        Motor vehicles and parts                   |      3361-3 |     4.50    |     79.0      76.2      76.5      79.5      82.5      85.0      79.5      79.2      77.6 
           Motor vehicles                          |        3361 |     2.36    |     86.0      81.1      81.3      85.6      90.5      94.9      86.1      86.0      82.9 
           Motor vehicle parts                     |        3363 |     1.84    |     71.8      70.8      70.2      70.8      71.7      72.5      69.4      68.6      68.5 
                                                   |             |             |
        Excluding motor vehicles and parts         |             |    64.79    |     86.2      86.5      87.2      87.9      87.6      88.0      88.0      88.2      88.2 
           Consumer goods                          |             |    20.21    |     89.5      89.4      89.6      90.0      89.6      89.8      90.4      90.1      90.0 
           Business equipment                      |             |     7.29    |     88.2      88.7      90.1      91.5      91.9      91.2      91.6      92.9      92.8 
           Construction supplies                   |             |     4.06    |     74.1      74.8      74.2      74.7      74.3      75.1      75.2      76.1      76.3 
           Business supplies                       |             |     6.64    |     80.4      80.8      80.9      81.3      81.6      81.4      81.7      81.4      81.1 
           Materials                               |             |    24.22    |     85.1      85.5      86.9      87.7      87.3      88.1      87.5      87.6      87.9 
                                                   |             |             |
  Measures excluding selected high-technology      |             |             |
        industries                                 |             |             |
  Total industry                                   |             |    96.44    |     90.1      90.3      91.4      91.6      91.2      91.9      91.7      91.7      91.8 
     Manufacturing<1>                              |             |    71.11    |     86.2      86.2      87.1      87.6      87.7      88.3      87.9      87.9      87.9 
        Durable                                    |             |    32.26    |     83.9      84.1      84.8      86.1      86.9      87.7      86.9      87.4      87.4 
                                                   |             |             |
  Measures excluding motor vehicles and parts      |             |             |
  Total industry                                   |             |    95.50    |     91.8      92.2      93.4      93.5      93.0      93.5      93.7      93.6      93.9 
     Manufacturing<1>                              |             |    70.17    |     88.3      88.7      89.6      90.1      90.0      90.4      90.4      90.5      90.6 
        Durable                                    |             |    31.31    |     88.2      89.2      90.0      91.3      91.6      92.0      92.0      92.7      93.0 
                                                   |             |             |
  Measures excluding selected high-technology      |             |             |
        industries and motor vehicles and parts    |             |             |
  Total industry                                   |             |    91.94    |     90.7      91.1      92.2      92.2      91.7      92.2      92.4      92.3      92.6 
     Manufacturing<1>                              |             |    66.61    |     86.7      87.0      87.9      88.2      88.1      88.6      88.5      88.6      88.7 
                                                   |             |             |
  Stage-of-process components                      |             |             |
        of non-energy materials,                   |             |             |
        measures of the input to                   |             |             |
  Finished processors                              |             |    10.49    |     86.2      87.0      88.2      89.3      89.6      90.2      89.3      89.4      89.8 
  Primary and semifinished processors              |             |    16.77    |     85.8      85.9      87.6      88.4      87.8      88.6      87.9      87.9      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    59.3 
  2011     61.2    52.2    57.7    47.8    51.1 
 
 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    58.3 
  2011     64.1    61.2    59.0    53.5    55.1 
 
 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     60.3    60.9    64.4    57.1    59.6 
 -------------------------------------------------------------------------------------------------------
      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           |     2011                                                   
 Item                                             |    NAICS    |   proportion|     ave.       high       low|       Q4     Q1[r]     Q2[p] |  Jan.[r]   Feb.[r]   Mar.[r]   Apr.[r]    May[r]   June[p] 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                  |             |      100.00 |     80.4      85.1      67.3 |     76.1      76.8      76.7 |     76.9      76.6      77.0      76.8      76.7      76.7 
                                                  |             |             |                              |                              |
  Manufacturing<1>                                |             |       77.87 |     79.0      84.7      64.4 |     73.3      74.5      74.4 |     74.3      74.4      74.8      74.4      74.4      74.4 
     Manufacturing (NAICS)                        |       31-33 |       74.31 |     78.8      84.8      64.2 |     73.6      75.0      74.9 |     74.7      74.8      75.3      74.9      74.9      74.9 
                                                  |             |             |                              |                              |
        Durable manufacturing                     |             |       39.68 |     77.2      83.8      59.0 |     70.6      72.8      72.8 |     72.3      72.8      73.3      72.6      72.9      72.8 
           Wood products                          |         321 |        1.19 |     77.8      87.1      50.9 |     60.8      62.8      62.1 |     62.5      62.2      63.8      62.5      62.3      61.7 
           Nonmetallic mineral products           |         327 |        2.39 |     75.9      82.7      45.6 |     51.8      51.0      53.0 |     50.2      51.2      51.6      52.2      53.4      53.3 
           Primary metals                         |         331 |        2.37 |     79.4      94.0      49.4 |     68.7      72.3      72.3 |     72.3      71.5      73.2      72.0      71.9      73.1 
           Fabricated metal products              |         332 |        5.62 |     77.2      85.6      60.5 |     72.9      74.7      77.4 |     74.3      74.5      75.5      76.3      77.4      78.6 
           Machinery                              |         333 |        4.99 |     78.1      87.1      61.1 |     74.2      78.6      78.3 |     79.0      78.9      78.0      77.5      78.4      78.8 
           Computer and electronic products       |         334 |        6.72 |     78.1      84.9      68.6 |     78.6      80.1      78.4 |     80.3      80.3      79.7      78.9      78.7      77.5 
           Electrical equip., appliances,         |             |             |                              |                              |
              and components                      |         335 |        1.78 |     82.7      92.9      66.8 |     76.1      76.6      75.2 |     76.4      76.6      76.9      75.4      75.2      75.1 
           Motor vehicles and parts               |      3361-3 |        5.69 |     75.3      87.4      34.8 |     61.3      65.1      61.9 |     63.0      65.2      67.1      62.6      62.2      60.8 
           Aerospace and miscellaneous            |             |             |                              |                              |
              transportation equipment            |      3364-9 |        4.45 |     73.0      68.9      68.0 |     71.3      71.6      74.2 |     71.2      71.4      72.3      73.9      74.2      74.5 
           Furniture and related products         |         337 |        1.21 |     77.5      82.5      59.2 |     66.7      68.3      69.8 |     67.1      67.7      70.1      69.3      70.7      69.3 
           Miscellaneous                          |         339 |        3.26 |     76.0      80.6      68.8 |     76.5      78.5      78.6 |     77.9      79.3      78.4      78.3      78.5      79.0 
                                                  |             |             |                              |                              |
        Nondurable manufacturing                  |             |       34.63 |     81.1      86.1      69.8 |     77.0      77.4      77.3 |     77.5      77.2      77.6      77.6      77.2      77.2 
           Food, beverage, and tobacco products   |       311,2 |       11.15 |     81.2      86.1      74.5 |     79.0      78.5      77.9 |     79.0      78.4      78.1      78.5      77.7      77.4 
           Textile and product mills              |       313,4 |         .89 |     80.4      92.4      53.2 |     64.0      65.0      67.1 |     63.9      66.1      64.9      66.6      67.0      67.6 
           Apparel and leather                    |       315,6 |         .33 |     78.2      87.3      62.7 |     69.1      70.3      70.3 |     70.6      71.0      69.3      70.2      70.6      70.1 
           Paper                                  |         322 |        2.48 |     87.1      92.6      71.7 |     83.2      83.9      82.3 |     84.8      83.3      83.7      83.0      82.1      81.9 
           Printing and support                   |         323 |        1.85 |     82.2      85.8      63.4 |     64.0      63.8      63.9 |     63.4      64.1      63.9      64.2      64.0      63.4 
           Petroleum and coal products            |         324 |        3.03 |     85.8      90.9      73.7 |     85.5      84.2      84.2 |     83.9      83.4      85.3      83.5      84.3      84.9 
           Chemicals                              |         325 |       11.59 |     78.0      81.8      65.8 |     76.3      77.7      77.8 |     77.4      77.3      78.4      78.1      77.5      77.8 
           Plastics and rubber products           |         326 |        3.32 |     82.3      92.5      57.5 |     71.6      73.1      74.1 |     73.0      73.1      73.0      73.9      74.2      74.3 
                                                  |             |             |                              |                              |
     Other manufacturing (non-NAICS)              |   1133,5111 |        3.56 |     83.4      83.2      69.0 |     66.6      65.4      64.0 |     66.4      65.4      64.5      64.1      64.1      63.8 
                                                  |             |             |                              |                              |
  Mining                                          |          21 |       11.73 |     87.4      88.5      79.0 |     89.1      87.7      88.6 |     88.2      86.8      88.1      88.2      88.6      88.9 
  Utilities                                       |      2211,2 |       10.40 |     86.6      93.3      79.2 |     81.1      80.6      79.6 |     82.1      80.0      79.6      80.6      78.8      79.5 
                                                  |             |             |                              |                              |
  Selected high-technology industries             |             |        3.74 |     78.3      86.9      70.9 |     78.9      80.0      77.7 |     80.8      80.2      79.1      78.3      77.7      77.1 
     Computers and peripheral equipment           |        3341 |         .74 |     78.5      87.3      79.5 |     83.4      79.1      79.2 |     80.0      78.8      78.5      79.0      79.3      79.4 
     Communications equipment                     |        3342 |         .75 |     76.7      83.8      78.8 |     75.6      76.3      73.9 |     76.1      76.7      76.1      75.0      73.9      72.8 
     Semiconductors and related                   |             |             |                              |                              |
        electronic components                     |    334412-9 |        2.25 |     80.3      92.2      63.1 |     78.6      82.0      78.8 |     83.0      82.3      80.6      79.5      78.8      78.1 
                                                  |             |             |                              |                              |
  Measures excluding selected high-technology     |             |             |                              |                              |
        industries                                |             |             |                              |                              |
  Total industry                                  |             |       96.26 |     80.5      85.0      67.1 |     76.0      76.7      76.7 |     76.7      76.4      76.9      76.7      76.6      76.7 
     Manufacturing<1>                             |             |       74.13 |     79.0      84.5      64.0 |     73.0      74.2      74.2 |     74.0      74.1      74.6      74.2      74.2      74.2 
                                                  |             |             |                              |                              |
  Stage-of-process groups                         |             |             |                              |                              |
  Crude                                           |             |       15.38 |     86.4      89.6      77.6 |     87.1      86.9      87.1 |     87.2      86.2      87.3      87.1      87.0      87.2 
  Primary and semifinished                        |             |       45.86 |     81.3      87.9      64.9 |     73.2      74.0      73.9 |     74.3      73.7      74.1      73.9      73.7      74.1 
  Finished                                        |             |       38.77 |     77.3      80.7      66.8 |     74.8      75.9      75.7 |     75.7      75.9      76.1      75.9      75.8      75.4 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [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 |         June 
 -----------------------------------------------------------------------------------------------------------------------------------------------------
  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 |           .1 
                                        |                            |                                    |                            |
                                        |                            |                                    |                            |
  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 |          1.3 
  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 |           .1 
  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             |       2011                                                             
 Item                                 |    2005    |       2010 |         Q4       Q1[r]       Q2[p] |    Jan.[r]     Feb.[r]     Mar.[r]     Apr.[r]      May[r]     June[p] 
 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      |            |            |                                    |
  Final products and nonindustrial    |            |            |                                    |
        supplies                      |    3,336.9 |    3,159.9 |    3,209.4     3,247.1     3,240.5 |    3,239.9     3,239.1     3,262.2     3,237.6     3,242.1     3,241.9 
                                      |            |            |                                    |
     Final products                   |    2,477.7 |    2,428.8 |    2,472.1     2,505.2     2,497.0 |    2,499.7     2,502.1     2,513.7     2,493.6     2,500.5     2,496.8 
                                      |            |            |                                    |
        Consumer goods                |    1,835.2 |    1,775.2 |    1,795.1     1,808.6     1,799.3 |    1,806.6     1,803.7     1,815.4     1,798.6     1,797.4     1,801.9 
           Durable                    |      495.3 |      416.6 |      421.0       444.3       441.1 |      431.9       444.7       456.2       440.7       442.6       439.9 
              Automotive products     |      288.3 |      262.1 |      264.6       284.0       280.3 |      274.3       284.2       293.7       280.6       281.1       279.3 
              Other durable goods     |      207.0 |      154.9 |      156.9       160.8       161.3 |      158.1       161.1       163.2       160.6       162.1       161.2 
           Nondurable                 |    1,339.9 |    1,351.8 |    1,367.2     1,361.4     1,355.0 |    1,369.4     1,356.3     1,358.4     1,354.6     1,352.0     1,358.4 
                                      |            |            |                                    |
        Equipment, total              |      642.5 |      652.6 |      677.3       698.7       700.4 |      694.9       701.0       700.3       697.5       706.8       697.0 
           Business and defense       |      619.1 |      634.1 |      658.4       678.6       678.9 |      675.0       681.0       679.9       676.5       685.1       675.2 
              Business                |      539.2 |      524.5 |      547.7       568.1       567.7 |      564.7       570.5       569.1       564.9       573.3       564.9 
              Defense and space       |       79.9 |      107.0 |      108.4       108.7       109.3 |      108.4       108.8       109.0       109.6       109.9       108.5 
                                      |            |            |                                    |
     Nonindustrial supplies           |      859.2 |      734.7 |      741.2       746.1       747.6 |      744.4       741.4       752.5       748.0       745.8       749.0 
        Construction supplies         |      270.2 |      200.2 |      205.6       207.3       209.6 |      207.5       205.9       208.6       208.7       209.7       210.3 
        Business supplies             |      589.1 |      534.7 |      535.8       538.9       538.2 |      537.1       535.7       544.1       539.5       536.3       538.9 
           Commercial energy products |      210.9 |      213.0 |      213.2       212.7       212.5 |      211.7       209.2       217.1       212.2       210.9       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                        |
                                                             |                  |------------------------------|------------------------------|------------------------------------------------------------| June '10 
                                                             |             2010 |                              |     2010      2011           |     2011                                                   |     to
 Item                                                        |    gross value<1>|     2008      2009      2010 |       Q4     Q1[r]     Q2[p] |  Jan.[r]   Feb.[r]   Mar.[r]   Apr.[r]    May[r]   June[p] |  June '11 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             |                  |                              |                              |                                                            |
  Finished                                                   |        1882.5    |    -10.5      -3.0       7.1 |      3.9       9.6        .2 |      1.3        .7        .6       -.7        .4       -.5 |       4.8 
  Semifinished                                               |        1522.1    |    -11.4      -9.3       6.0 |      -.5       6.4       2.8 |       .9       -.4        .2        .8       -.4        .5 |       3.0 
  Primary                                                    |        1305.0    |     -8.6      -3.4       5.4 |      3.4       -.4      -4.8 |     -2.5      -1.1       1.6      -2.1       -.1        .9 |        .7 
  Crude                                                      |         623.9    |    -10.0       -.4       5.0 |      2.6       4.4      -1.1 |       .3      -1.3       1.6       -.7       -.4        .4 |       3.0 
                                                             |                  |                              |                              |                                                            |
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [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           |    .2    -.3     .7    -.1    -.1     .2                                           |   4.8     .8               |        
                 |                                                                                    |                            |
 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           |  92.8   92.5   93.1   93.0   92.9   93.1                                           |  92.8   93.0               |        
                 |                                                                                    |                            |
 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  121.2  121.3                                           | 120.8  121.2               |        
                 |                                                                                    |                            |
 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           |  76.9   76.6   77.0   76.8   76.7   76.7                                           |  76.8   76.7               |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <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    1.0 |   7.1    8.7    5.1    3.4 |    5.4 
  2011           |    .7     .1     .6    -.5     .1     .0                                           |   7.2     .2               |        
                 |                                                                                    |                            |
 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   89.8                                           |  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  120.6  120.7                                           | 120.3  120.6               |        
                 |                                                                                    |                            |
 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   73.8 |  69.4   71.4   72.6   73.3 |   71.7 
  2011           |  74.3   74.4   74.8   74.4   74.4   74.4                                           |  74.5   74.4               |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <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           |    .2    -.4     .7    -.2    -.1     .2                                           |   4.3     .8               |        
                 |                                                                                    |                            |
 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           |  91.6   91.2   91.9   91.7   91.7   91.8                                           |  91.6   91.7               |        
                 |                                                                                    |                            |
 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  119.7  119.8                                           | 119.4  119.7               |        
                 |                                                                                    |                            |
 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           |  76.7   76.4   76.9   76.7   76.6   76.7                                           |  76.7   76.7               |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <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    1.0 |   6.8    8.6    5.1    2.9 |    4.9 
  2011           |    .6     .1     .7    -.5     .0     .0                                           |   6.6     .1               |        
                 |                                                                                    |                            |
 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   87.1 |  83.1   84.8   85.9   86.5 |   85.1 
  2011           |  87.6   87.7   88.3   87.9   87.9   87.9                                           |  87.9   87.9               |        
                 |                                                                                    |                            |
 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  118.5  118.5                                           | 118.4  118.5               |        
                 |                                                                                    |                            |
 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   74.6   74.2   74.2   74.2                                           |  74.2   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 67 percent of the source data (in value-added terms) 
 are available; the fraction of available source data increases to 81 percent for estimates in the second month 
 that the estimate is published, 93 percent in the third month, 96 percent in the fourth month,  
 99 percent in the fifth month, and 99 percent in the sixth month. Data availability 
 by data type in early 2011 is summarized in the table below:
 
   Availability of Monthly IP Data in Publication Window
   (Percent of value added in 2011)  %
      Type of data                1st  2nd  3rd  4th  5th  6th 
      Physical product            27   41   53   55   58   58
      Production-worker hours     41   41   41   41   41   41
      IP data received            67   81   93   96   99   99
      IP data estimated           33   19   7    4    1    1
 
 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 (27 percent out of a total of 58 percent).  Of the
 27 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 0.27 percent
 during the 1987-2010 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 1987-2010 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 March 25, 2011 is available on the Board's website (www.federal
 reserve.gov/releases/g17/revisions/Current/DefaultRev.htm).  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, August 2009) or in an on-line staff study (www.federalreserve.gov/releases/g17/articles/rev2010/industrial10.pdf).
 
 Release Schedule
 
 At 9:15 a.m. on
 
 2011: January 14, February 16, March 17, April 15, May 17, June 15,
 July 15, August 16, September 15, October 17, November 16, and
 December 15.