1 FEDERAL RESERVE STATISTICAL RELEASE
G.17 (419) For release at 2:00 p.m. (EST)
December 11, 2006
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
The Federal Reserve has revised the index of industrial production (IP) and the related measures of
capacity and capacity utilization. Although data from January 1972 through October 2006 are affected, most
of the revision occurs from 2003 onward. Measured from fourth quarter to fourth quarter, industrial
production is now reported to have increased more slowly in 2003 and in 2004. The change in output was
revised up for 2005 and revised down slightly for 2006.1
The revision to industrial production incorporates the Census Bureau�s 2004 and 2005 Annual Surveys
of Manufactures (ASM), which show slightly lower annual levels of output than previously estimated. In
addition to the 2004 and 2005 ASMs, other new source data for this year�s statistical revision to the IP
indexes include selected 2005 Current Industrial Reports from the U.S. Census Bureau, new annual data on
mineral extraction for 2004 and 2005 from the U.S. Geological Survey, and updated deflators from the Bureau
of Economic Analysis. The new monthly production estimates reflect the incorporation of updated seasonal
factors and monthly source data that became available (or were revised) after the closing of the regular
four-month reporting window.
The revision to capacity utilization was relatively small. In the fourth quarter of 2005, the rate
of capacity utilization for total industry was revised up 1/4 percentage point, to 80.7 percent. As of the
third quarter of 2006, capacity utilization was only slightly less than previously estimated; at 82.3
percent, the rate was 1.3 percentage points above the 1972-2005 (long-run) average.2 In 2004, the
operating rate for manufacturing is about 1/2 percentage point lower than previously estimated. However,
factory utilization rates are only a bit lower, on average, in 2005 and in 2006. For the 2003-06 period,
utilization rates were revised down in a number of manufacturing industries, including computers,
communications equipment, and textiles. Noticeable upward revisions occurred in the semiconductor and
chemical industries. In mining, operating rates were revised up from 2003 through 2006. In electric and
gas utilities, the capacity utilization rate was little changed in 2003, up a touch in 2004, and lower in
2005 and in 2006.
The revised capacity utilization rates incorporate the results from the Census Bureau�s 2005 Survey
of Plant Capacity for the fourth quarter of that year. In addition, the revisions to the capacity indexes
and capacity utilization rates incorporate the revised production indexes and newly available data on
industrial capacity from the U.S. Geological Survey, the Energy Information Agency of the U.S. Department
of Energy, and other organizations.
RESULTS OF THE REVISION
The tables show the summary statistics for the annual revision. Tables 1A and 1B show the monthly,
quarterly, and annual average levels and rates of change for industrial production and for capacity for
1976 through 2006. Tables 2 and 3 show the revised rates of change from 2002 through 2006 of industrial
production for market groups, industry groups, special aggregates, and selected detail. Table 4 shows
revised rates of change for selected detail in industrial production, and table 5 shows the rates of change
in capacity. Tables 2 through 5 also show the difference between the revised and earlier rates of change.
Table 6 shows the revised capacity utilization rates for the final quarters of recent years (the third
quarter was used for 2006) and the difference between the revised and previous rates. Tables 7A, 7B, 8A,
8B, 9A, and 9B report the revised production, capacity, and utilization series for manufacturing, for total
industry excluding selected high-technology industries, and for manufacturing excluding selected
high-technology industries. Table 10 reports the annual proportions in industrial production by market and
industry groups for 1998 to 2005.
Industrial Production
The gains in total industrial production were revised down 0.4 percentage point in 2003, down 1.4
percentage points in 2004, up 0.2 percentage point in 2005, and down 0.1 percentage point in 2006.3
Manufacturing production has expanded in each year since 2002, albeit at a somewhat slower rate
than initially reported, on balance. Increases in the output of durable goods have remained robust in
recent years despite downward revisions in 2003 and in 2004. For nondurable goods, the increases for 2003
through 2005 were revised up an average of 3/4 percentage point per year. The estimate for 2006 was little
changed. Across industry groups (table 2), downward revisions in the durable goods sector were widespread.
Increases in the output of computer and electronic products were revised down from 2003 through 2005, and
declines in the production of motor vehicles and parts over this period are now reported to have been
steeper than originally estimated. The output of machinery was revised down substantially in 2004. Within
the nondurable goods sector, the indexes for apparel and leather goods and for plastics and rubber products
were revised down for the period since 2002. The cumulative increases since 2002 for all the other major
components of nondurable goods are now higher than previously reported. Regarding a few special aggregates
(table 3), the rates of growth for selected high-technology industries--computers and peripheral equipment,
communications equipment, and semiconductors and related electronic components--were revised down in 2003
and in 2004 but up in 2005 and in 2006, adjustments that left the level lower overall. However, the
aggregate index masks different movements in the major components: A higher level of output of computers
and peripheral equipment was more than offset by lower output levels for communications equipment and for
semiconductors and related equipment.
Production by Market Group
Among the major market groups, the increase in the production index for final products and
nonindustrial supplies was revised down for 2004. For 2005, the growth rate in this index remains
unchanged. For 2006, it was revised down 0.3 percentage point. Growth in the output of consumer goods was
revised up in 2005 but down in 2006.
Within durable consumer goods, the output of automotive products was revised down for 2003 through
2006. In contrast, the production gains for home electronics in 2003, 2004, and 2006 were revised up
appreciably. Among producers of consumer nondurables, the indexes for foods and tobacco, chemical
products, and consumer energy products were revised up overall. The indexes for clothing and for paper
products are now noticeably lower than estimated previously.
The production of business equipment is now reported to have been weaker from 2003 to 2006, largely
because of downward revisions to the index for information processing equipment. In addition, the
production of defense and space equipment also increased less from 2003 to 2006 than reported initially.
The indexes for construction supplies and for business supplies were both revised down in 2004, but
the increases in 2005 are now larger. This year, the rise in the output of construction supplies has
slowed noticeably, while the production of business supplies has recorded another strong gain. Despite a
downward revision in 2004, the level of the output of materials is currently estimated to be a touch
higher, on balance, over the entire revision period.
Capacity
Total industrial capacity is estimated to have fallen 3/4�percentage point more rapidly in 2003
than previously reported and to have risen 1/2 percentage point more slowly in both 2004 and 2005.
Capacity is estimated to have increased nearly 2-1/2 percent in 2006, roughly 1/2 percentage point more
quickly than initially published. The contour of manufacturing capacity and the revisions to that contour
are similar to those for total industry. The revision shows that, relative to previous reports, aggregate
capacity for the selected high-technology industries rose less quickly from 2003 to 2005 but increased more
rapidly in 2006. Excluding high-technology industries, manufacturing capacity declined in 2003 and 2004
and expanded in 2005 and 2006; the rates of increase were marked down in each year except 2005, which was
unrevised.
Capacity at mines is still estimated to have contracted from 2003 to 2005 but is now shown to have
increased in 2006. Capacity at electric and gas utilities was revised upward in 2006 but was little
revised in previous years.
By stage of processing, capacity in the crude stage fell from 2003 to 2005 and is estimated to have
edged up 0.3 percent in 2006. Capacity at the primary and semifinished stages declined in 2003 but rose
from 2004 through 2006. Capacity expanded from 2003 to 2006 for finished goods.
Capacity Utilization
The capacity utilization rate for total industry was 82.3 percent in the third quarter of 2006, 1.3
percentage points above its 1972-2005 average and 0.2 percentage point lower than reported earlier. The
utilization rate for total industry was revised up 1/4 percentage point in the fourth quarters of 2003 and
2005 and revised down 0.4 percentage point in the fourth quarter of 2004.
The manufacturing operating rate was 80.9 percent in the third quarter of 2006, 0.3 percentage
point below the previous estimate and 1.1 percentage points above its 1972-2005 average. The rates for
2004 and 2005 were also marked down, by 0.6 percentage point and by 0.2 percentage point, respectively; the
rate for 2003 was revised up 0.3 percentage point. Utilization rates for durable goods manufacturers were
lower from 2004 to 2006 than previously published. Some of the largest downward revisions were in
machinery and in electrical equipment, appliances, and components. Revisions generally were upward for
wood products, primary metals, fabricated metal products, and furniture. Utilization rates for nondurable
goods industries were revised upward; the largest revisions were in textile mills, petroleum and coal
products, and chemicals. The largest downward revisions were in food, apparel and leather, and plastics
and rubber products. Capacity utilization in the other (non-NAICS) manufacturing industries was revised
upward in 2003 and 2004 and downward in 2005 and 2006.
The operating rates for computer and electronic products and for communications equipment were also
lowered noticeably in recent years, while utilization in the semiconductor industry was revised up
substantially. On balance, the aggregate of selected high-technology industries now shows that utilization
was lower in 2004 and 2006 but higher in 2003 and 2005. In the third quarter of 2006, the operating rate
was 78.5 percent, 2 percentage points above the fourth quarter of 2005.
Capacity utilization in mining was revised up between 2003 and 2006, mainly because of higher
operating rates in the oil and gas extraction industries. As of the third quarter of 2006, the utilization
rate for mining is now estimated to be 91.1 percent, up 6.1 percentage points from the fourth quarter of
2005. In electric and gas utilities, capacity utilization rates were revised down in 2005 and in 2006 but
were little changed in previous years. At 86.0 percent in the third quarter of 2006, the operating rate
for utilities was 0.8 percentage point below its long-run average.
TECHNICAL ASPECTS OF THE REVISION
The benchmark indexes for manufacturing--defined for each six-digit NAICS industry as nominal gross
output divided by a price index--were updated to include new as well as revised information from the 2003,
the 2004, and the 2005 Annual Surveys of Manufactures. This revision also incorporates the 2005 Survey of
Plant Capacity, other annual industry reports, recent information on prices, and revised monthly source
data on physical product and production-worker hours.
As mentioned earlier, the benchmark indexes for most industries incorporate updated price indexes
from the industry output program of the Bureau of Economic Analysis. However, the price indexes for
semiconductors and the price indexes for most components of communications equipment (NAICS 3342) are
constructed by the Federal Reserve from alternative sources. These indexes along with others for
transmission equipment (fiber-optic equipment), networking equipment (routers, switches, hubs, and wireless
equipment), central office equipment, and for private branch exchange equipment were extended an additional
year. In addition, new source data were introduced for the estimation of price indexes for mobile phones
and related equipment and for satellites and related equipment. Gartner, a technology research firm, was
the source for the data on prices and the value of sales for mobile phones, base stations, and cellular
switching equipment that were used to construct an annual price index for the 1994-2005 period. For
satellites and related equipment, data on satellite capacity costs from Futron Corporation and data on
equipment for global positioning systems from the NPD Group were used to construct a price index for the
2001-2005 period. Price indexes for these products were extended back to 1972 using a bias adjustment to
the relevant producer price indexes (PPIs) published by the U.S. Bureau of Labor Statistics. For the
remaining series, PPIs were used.
The new product prices for communications equipment declined more than estimated earlier.
Accordingly, the output of communications equipment is now shown to have risen about 6 percent more per
year, on average, from 1972 through 2005. The yearly pattern was little changed; exceptions were 2004 and
2005, when upward revisions from faster falling prices were more than offset by downward revisions caused
by benchmarking to the 2004 and the 2005 ASM. The revised level of output for communications equipment in
October 2006 now stands 58 percent higher than its 2002 level compared with 95 percent before the revision.
As in 2003, the 2004 and 2005 ASMs did not provide data for all six-digit NAICS industries but combined
some of them into higher-level industry aggregates. The benchmark indexes for manufacturing IP are
calculated from gross output for six-digit industries and then aggregated to the IP industry level using
proportions based on value added. To maintain benchmark references that were consistent over time, the
Federal Reserve imputed estimates of gross output for industries no longer reported separately based on
values for the aggregate industries that contained them and the gross output shares for the disaggregate
industries in 2002.
Changes to Individual Production Series
With this revision, the monthly production indicators for some series have changed, and some new
series have been created.
Ethanol
Data on ethanol production from the Energy Information Agency of the Department of Energy were used
for a new industrial production index for ethyl alcohol (NAICS 325193) that begins in 1997. Previously,
ethanol production had been included in the production index for organic chemicals (NAICS 32511, 32519),
which used the output of eight basic organic chemicals as its high-frequency indicator. Those data are now
used as the indicator for a new series that covers the combined output of petrochemicals (NAICS 32511) and
other organic chemicals (NAICS 32519) except ethanol.4
Unitary air conditioners
The output of unitary air conditioners includes central air units and heat pumps and is a part of
NAICS industry 333415, which covers air conditioners, nonhousehold refrigeration equipment, and warm air
furnaces. The output of unitary air conditioners is now represented by separate production indexes for
residential and nonresidential units for the period 1997 to the present. Previously, data on shipments
adjusted by inventory change from the Air-Conditioning and Refrigeration Institute (ARI) were used to
estimate the output of total unitary air conditioners. The ARI shipments data are available for seventeen
size categories, each of which is now split between residential and nonresidential units. The bulk of the
smaller categories is assumed to be residential, and the bulk of the larger categories is assumed to be
nonresidential. Relative prices for the various size categories are derived from Current Industrial
Reports from the Census Bureau for recent years; previously, the index was based on an unweighted sum of
units.
Audio and video equipment
The monthly indicator for audio and video equipment (NAICS 3343) was updated to include both
digital televisions and speakers for the period 2002 to the present. Previously, the index reflected
shipments of analog televisions with diagonal sizes of 25 inches or larger that were adjusted for imports.
New data on unit and dollar sales of digital televisions are available by technology (plasma, LCD,
projection, and other) and by size from the Consumer Electronics Association (CEA). Likewise, data for
speaker sales are available from the CEA. U.S. production weights are derived from Current Industrial
Reports from the Census Bureau and are combined with the new data to construct a Fisher production index
for the industry.
High-technology goods
Beginning in 2002, data on U.S. sales of routers and switches from Synergy Research Group, an
industry research group, were introduced as the quarterly indicator for data networking equipment, which is
part of telephone apparatus manufacturing (NAICS 334210). Previously, the indicator was constructed from
somewhat less-comprehensive and less-timely information from Gartner and was extended by data on
production-worker hours from the U.S. Bureau of Labor Statistics.
As in previous years, the index for the production of microprocessor units is based on worldwide
sales data from the Semiconductor Industry Association. With this revision, the translation of worldwide
sales to domestic production is based on quarterly estimates of production at U.S. manufacturing
establishments provided by Instat, a technology research firm. Previously, the domestic production share
of worldwide sales was based on product-level data from the Current Industrial Reports. New source data
for estimating the U.S. share of microprocessor manufacturing introduced a different pattern of production
in the industry; more-noticeable decelerations in 1994, 2001 and 2005 and a more-rapid acceleration in
1995. In 2006, a climbing production share and faster falling price index combine to revise microprocessor
output up sharply.
Periodicals and other publishers
The index for periodicals and other publishers (NAICS 51112, 51114, and 51119) was split into
separate indexes for periodicals (NAICS 51112) and other publishers (NAICS 51114, 51119). Both new indexes
use production-worker hours as monthly indicators and begin in 1987. The separate indicators will allow
comparisons to other industry data.
Series switched from using product data to production-worker hours
Product data used as indicators for several IP indexes were discontinued in the past few years and
have been replaced by production-worker hours for 2002 to the present. The industries affected are coffee
(NAICS 31192), cotton and synthetic fabrics (part of NAICS 31321), wool fabrics (part of NAICS 31321), tire
cord (NAICS 314992), hosiery (NAICS 31511), pigments (NAICS 31523), synthetic rubber (NAICS 325212), and
electron tubes (NAICS 334411).
Reliability of monthly estimates
The first estimate of output for a month is preliminary and is subject to revision in each of the
subsequent three months as new source data become available. By the third revision (the fourth month of
estimate), the product-based content of IP is 54 percent (see table below).
Availability of Monthly IP Data
(Percent of value added in 2005)
Changes to Individual Capacity Series
With this revision, the organic chemicals series (NAICS 32511, 9) was split into two series--ethyl
alcohol (also known as ethanol, NAICS 325193) and organic chemicals excluding ethanol (NAICS 32511, 9
except 325193)--for 1997 and onward. The capacity indicator for ethanol is gallons of ethanol capacity
from the Renewable Fuels Association. The capacity indicator for organic chemicals excluding ethanol is
based on utilization rates from the Survey of Plant Capacity.
Capacity for synthetic rubber is now based on utilization rates from the Survey of Plant Capacity
and begins in 2002. Capacity for previous years is still derived from physical capacity data from the
International Institute of Synthetic Rubber Producers.
Weights for Aggregation
The IP index is a Fisher index. This revision uses information from the Census of Manufactures to
obtain updated estimates of the industry value-added weights used in the aggregation of IP indexes and
capacity utilization rates. The Federal Reserve derives estimates of value added for the electric and gas
utility industries from annual revenue and expense data issued by other organizations. The weights for
aggregation, expressed as unit value added, were estimated using the latest data on producer prices. Table
10 shows the annual value-added proportions in the IP index from 1997 through 2005.
Revised Monthly Data
This revision incorporates product data that became available after the regular four-month
reporting window for monthly IP was closed. These data are released with too great a lag to be included
with monthly IP estimates; however, the data are available for inclusion in the annual revision.
Revised Seasonal Factors
Seasonal factors for all series were reestimated using data that extend into 2006. Factors for
production-worker hours--which adjust for timing, holiday, and monthly seasonal patterns--were updated with
data through September 2006 and were prorated to correspond with the seasonal factors for hours aggregated
to the three-digit NAICS level. The updated factors for the physical product series, which include
adjustments for holiday and workday patterns, used data through 2006. Seasonal factors for unit motor
vehicle assemblies have been updated, and projections through June 2007 are on the Board�s website at
www.federalreserve.gov/releases/g17/mvsf.htm.
Notice
Data Availability and Publication Changes
Files containing the revised data and the text and tables from this release are available on the
Board's web site, at www.federalreserve.gov/releases/g17, and on diskettes from Publications Services
(telephone number 202-452-3245). Updated data for all of the regularly issued series on industrial
production, capacity, capacity utilization, and electric power use are available on the website. The
revised data will also be available through the STAT-USA website of the Department of Commerce
(www.stat-usa.gov). Further information on these revisions is available from the Board's Industrial Output
Section (telephone 202-452-3197).
A document with printed tables of the revised estimates of series shown in the G.17 release is
available upon request to the Industrial Output Section, Mail Stop 82, Division of Research and Statistics,
Board of Governors of the Federal Reserve System, Washington, DC 20551.
An expanded version of this release will be published in a forthcoming article in the Federal
Reserve Bulletin.
1 For 2006, the differences between the rates of change are calculated from annualized rates of change
between the fourth quarter of 2005 and the third quarter of 2006.
2 These comparisons use quarterly average data.
3 In this section, all the rates of change are calculated from the fourth quarter of the previous year to
the fourth quarter of the reference year, except for 2006, for which the rates of change are from the
fourth quarter of 2005 to the third quarter of 2006 and annualized.
4 The market assignment of ethanol was changed from non-energy chemical materials to energy materials.
1Table 1A
INDUSTRIAL PRODUCTION : Total
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <1>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1976 | 1.5 .9 .1 .6 .5 .0 .6 .7 .3 .1 1.5 1.0 | 12.6 5.2 5.3 7.8 | 7.9
1977 | -.6 1.5 1.3 .9 .8 .7 .2 .1 .5 .3 .0 .2 | 8.4 12.8 4.9 2.9 | 7.7
| | |
1978 | -1.3 .4 1.8 2.1 .3 .7 .0 .4 .3 .9 .7 .6 | -1.2 16.8 3.6 7.6 | 5.5
1979 | -.7 .6 .3 -1.1 .8 .0 -.2 -.7 .1 .6 -.1 .1 | 2.0 -.5 -1.4 1.4 | 3.1
1980 | .5 .0 -.3 -2.0 -2.5 -1.3 -.6 .3 1.6 1.3 1.7 .6 | 1.7 -15.9 -6.2 16.2 | -2.6
1981 | -.5 -.5 .6 -.5 .7 .5 .7 .0 -.6 -.7 -1.1 -1.1 | 1.0 1.5 4.3 -8.5 | 1.4
1982 | -1.9 2.0 -.7 -.8 -.7 -.4 -.3 -.8 -.4 -.8 -.4 -.8 | -7.6 -4.9 -5.9 -7.4 | -5.1
| | |
1983 | 1.9 -.6 .9 1.2 .7 .6 1.6 1.1 1.5 .9 .3 .5 | 4.4 9.6 14.8 11.0 | 2.7
1984 | 2.0 .5 .5 .6 .5 .4 .3 .1 -.1 -.1 .4 .1 | 12.5 6.5 2.9 .5 | 9.1
1985 | -.3 .4 .2 -.2 .1 .1 -.6 .5 .4 -.4 .3 1.0 | 1.2 .7 -.5 2.7 | 1.4
1986 | .5 -.8 -.6 .1 .2 -.3 .6 -.2 .2 .4 .5 .9 | 2.4 -2.4 1.7 4.6 | 1.1
1987 | -.3 1.3 .2 .6 .7 .5 .6 .7 .3 1.5 .5 .5 | 5.4 7.2 7.3 9.9 | 5.1
| | |
1988 | .0 .4 .3 .5 -.1 .2 .2 .5 -.3 .6 .2 .4 | 3.4 3.4 2.1 3.3 | 5.1
1989 | .2 -.5 .3 .0 -.7 .0 -.9 1.0 -.3 -.1 .3 .7 | 1.5 -1.8 -2.4 1.8 | .9
1990 | -.6 .9 .5 -.1 .2 .3 -.2 .3 .2 -.7 -1.2 -.7 | 3.0 2.8 1.4 -5.9 | 1.0
1991 | -.5 -.7 -.5 .2 1.0 1.0 .0 .2 .9 -.2 -.1 -.3 | -7.6 2.7 5.7 1.0 | -1.5
1992 | -.5 .7 .8 .7 .4 .1 .8 -.5 .2 .7 .4 .1 | -.3 7.1 3.1 4.0 | 2.9
| | |
1993 | .5 .3 .0 .3 -.4 .3 .4 .0 .5 .8 .4 .6 | 3.7 1.1 2.4 6.4 | 3.4
1994 | .5 .0 1.0 .5 .5 .7 .2 .5 .3 .9 .7 1.1 | 5.6 7.3 5.1 8.3 | 5.5
1995 | .4 .1 .1 -.1 .2 .3 -.4 1.3 .4 -.2 .3 .3 | 6.0 1.0 3.8 3.5 | 5.0
1996 | -.8 1.5 -.2 .9 .7 .9 -.2 .7 .5 .0 .9 .7 | 2.0 8.4 5.2 6.1 | 4.3
1997 | .2 1.2 .8 -.1 .6 .4 .5 1.3 .9 .8 1.0 .4 | 8.3 5.5 9.0 11.1 | 7.2
| | |
1998 | .5 .1 .0 .5 .7 -.5 -.3 2.2 -.2 .7 -.1 .4 | 4.7 3.3 3.8 5.3 | 6.1
1999 | .6 .5 .2 .2 .8 -.1 .7 .5 -.4 1.3 .6 .9 | 4.9 4.0 4.4 8.2 | 4.7
2000 | .1 .4 .4 .8 .3 .1 -.3 -.3 .5 -.5 .0 -.4 | 5.3 5.9 -.5 -1.6 | 4.5
2001 | -.7 -.6 -.4 -.3 -.7 -.6 -.4 -.4 -.4 -.6 -.5 .0 | -5.7 -5.4 -5.6 -5.1 | -3.5
2002 | .5 .1 .8 .4 .4 .9 -.3 .2 .1 -.3 .4 -.4 | 2.7 6.4 2.3 -.4 | .0
| | |
2003 | .6 .3 -.2 -.8 -.1 .2 .4 -.1 .5 -.1 .8 .0 | 2.3 -3.2 2.5 3.3 | 1.1
2004 | .2 .7 -.6 .6 .6 -.7 .6 .2 -.2 .7 .2 .6 | 3.3 2.5 1.8 4.3 | 2.5
2005 | .3 .6 -.1 .1 .4 .6 .0 .3 -1.6 1.2 1.1 .8 | 4.6 2.8 .8 4.7 | 3.2
2006 | .0 .3 .5 .9 -.1 .9 .4 .3 -.5 .2 | 5.0 6.5 4.0 |
| | |
IP (2002=100) | | |
1976 | 47.0 47.4 47.4 47.7 48.0 48.0 48.2 48.6 48.7 48.8 49.5 50.0 | 47.3 47.9 48.5 49.4 | 48.3
1977 | 49.7 50.5 51.1 51.6 52.0 52.4 52.5 52.5 52.8 52.9 53.0 53.1 | 50.4 52.0 52.6 53.0 | 52.0
| | |
1978 | 52.3 52.6 53.5 54.7 54.8 55.2 55.2 55.4 55.6 56.0 56.5 56.8 | 52.8 54.9 55.4 56.4 | 54.9
1979 | 56.4 56.8 56.9 56.3 56.8 56.8 56.7 56.3 56.3 56.6 56.6 56.7 | 56.7 56.6 56.4 56.6 | 56.6
1980 | 56.9 56.9 56.8 55.6 54.2 53.5 53.2 53.4 54.2 54.9 55.9 56.2 | 56.9 54.5 53.6 55.7 | 55.1
1981 | 55.9 55.6 55.9 55.6 56.0 56.3 56.7 56.7 56.4 55.9 55.3 54.7 | 55.8 56.0 56.6 55.3 | 55.9
1982 | 53.7 54.7 54.4 53.9 53.5 53.3 53.2 52.7 52.5 52.1 51.8 51.4 | 54.3 53.6 52.8 51.8 | 53.1
| | |
1983 | 52.4 52.1 52.5 53.2 53.6 53.9 54.7 55.3 56.2 56.7 56.9 57.1 | 52.3 53.5 55.4 56.9 | 54.5
1984 | 58.3 58.6 58.9 59.2 59.5 59.8 59.9 60.0 59.9 59.8 60.1 60.1 | 58.6 59.5 59.9 60.0 | 59.5
1985 | 60.0 60.2 60.4 60.2 60.3 60.3 60.0 60.2 60.5 60.3 60.5 61.1 | 60.2 60.3 60.2 60.6 | 60.3
1986 | 61.4 60.9 60.6 60.6 60.7 60.5 60.9 60.8 60.9 61.2 61.5 62.0 | 61.0 60.6 60.9 61.6 | 61.0
1987 | 61.8 62.6 62.7 63.1 63.5 63.8 64.2 64.7 64.9 65.8 66.2 66.5 | 62.4 63.5 64.6 66.1 | 64.1
| | |
1988 | 66.5 66.7 66.9 67.2 67.2 67.3 67.4 67.8 67.6 68.0 68.1 68.4 | 66.7 67.3 67.6 68.2 | 67.4
1989 | 68.6 68.2 68.4 68.4 68.0 68.0 67.3 68.0 67.8 67.7 67.9 68.4 | 68.4 68.1 67.7 68.0 | 68.1
1990 | 68.0 68.6 68.9 68.8 68.9 69.1 69.0 69.2 69.4 68.9 68.1 67.6 | 68.5 69.0 69.2 68.2 | 68.7
1991 | 67.2 66.8 66.5 66.6 67.3 68.0 68.0 68.1 68.7 68.5 68.4 68.2 | 66.8 67.3 68.2 68.4 | 67.7
1992 | 67.9 68.3 68.8 69.3 69.6 69.6 70.2 69.9 70.0 70.5 70.8 70.9 | 68.3 69.5 70.0 70.7 | 69.7
| | |
1993 | 71.2 71.5 71.5 71.7 71.4 71.6 71.9 71.9 72.3 72.8 73.1 73.5 | 71.4 71.6 72.0 73.1 | 72.0
1994 | 73.9 73.9 74.7 75.0 75.4 75.9 76.1 76.4 76.6 77.3 77.8 78.7 | 74.1 75.4 76.4 77.9 | 76.0
1995 | 79.0 79.0 79.2 79.1 79.2 79.5 79.2 80.2 80.6 80.4 80.7 81.0 | 79.1 79.3 80.0 80.7 | 79.8
1996 | 80.3 81.6 81.4 82.1 82.7 83.4 83.3 83.8 84.3 84.3 85.1 85.7 | 81.1 82.8 83.8 85.1 | 83.2
1997 | 85.9 86.9 87.6 87.5 88.0 88.4 88.8 89.9 90.8 91.5 92.4 92.8 | 86.8 87.9 89.9 92.3 | 89.2
| | |
1998 | 93.3 93.3 93.4 93.8 94.4 94.0 93.7 95.7 95.5 96.1 96.1 96.4 | 93.3 94.1 95.0 96.2 | 94.6
1999 | 96.9 97.5 97.6 97.8 98.6 98.5 99.2 99.7 99.3 100.6 101.3 102.1 | 97.4 98.3 99.4 101.3 | 99.1
2000 | 102.2 102.7 103.1 103.9 104.2 104.3 104.0 103.8 104.2 103.7 103.7 103.3 | 102.7 104.1 104.0 103.6 | 103.6
2001 | 102.6 102.0 101.6 101.3 100.6 100.0 99.6 99.2 98.8 98.3 97.8 97.7 | 102.1 100.7 99.2 97.9 | 100.0
2002 | 98.3 98.4 99.1 99.5 99.9 100.9 100.6 100.7 100.8 100.5 100.9 100.4 | 98.6 100.1 100.7 100.6 | 100.0
| | |
2003 | 101.1 101.4 101.1 100.3 100.2 100.4 100.8 100.8 101.3 101.2 102.0 102.0 | 101.2 100.3 101.0 101.8 | 101.1
2004 | 102.3 103.0 102.4 103.1 103.7 102.9 103.6 103.8 103.6 104.4 104.7 105.3 | 102.6 103.2 103.7 104.8 | 103.6
2005 | 105.6 106.2 106.1 106.2 106.6 107.3 107.3 107.6 105.8 107.1 108.2 109.1 | 106.0 106.7 106.9 108.1 | 106.9
2006 | 109.1 109.4 110.0 110.9 110.9 111.9 112.3 112.6 112.0 112.3 | 109.5 111.2 112.3 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
1Table 1B
CAPACITY AND UTILIZATION: Total
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2002 output) | | |
1976 | 59.9 60.0 60.2 60.3 60.4 60.6 60.7 60.8 60.9 61.1 61.2 61.4 | 60.0 60.4 60.8 61.2 | 60.6
1977 | 61.5 61.7 61.8 62.0 62.2 62.4 62.5 62.7 62.9 63.1 63.3 63.5 | 61.7 62.2 62.7 63.3 | 62.5
| | |
1978 | 63.7 63.9 64.1 64.2 64.4 64.6 64.8 65.0 65.1 65.3 65.5 65.6 | 63.9 64.4 65.0 65.5 | 64.7
1979 | 65.8 65.9 66.1 66.2 66.4 66.5 66.7 66.8 66.9 67.1 67.2 67.4 | 65.9 66.4 66.8 67.2 | 66.6
1980 | 67.5 67.6 67.8 67.9 68.0 68.2 68.3 68.5 68.6 68.8 68.9 69.1 | 67.6 68.0 68.5 68.9 | 68.3
1981 | 69.2 69.4 69.6 69.7 69.9 70.1 70.2 70.4 70.6 70.8 70.9 71.1 | 69.4 69.9 70.4 70.9 | 70.2
1982 | 71.3 71.4 71.6 71.8 71.9 72.1 72.2 72.3 72.4 72.5 72.6 72.7 | 71.4 71.9 72.3 72.6 | 72.1
| | |
1983 | 72.7 72.8 72.8 72.9 72.9 72.9 73.0 73.0 73.0 73.1 73.2 73.2 | 72.8 72.9 73.0 73.2 | 73.0
1984 | 73.3 73.4 73.5 73.6 73.7 73.8 74.0 74.1 74.3 74.5 74.7 74.8 | 73.4 73.7 74.1 74.7 | 74.0
1985 | 75.0 75.2 75.4 75.6 75.8 76.0 76.2 76.3 76.5 76.6 76.8 76.9 | 75.2 75.8 76.3 76.8 | 76.0
1986 | 77.0 77.1 77.2 77.3 77.4 77.5 77.6 77.7 77.8 77.9 78.0 78.1 | 77.1 77.4 77.7 78.0 | 77.5
1987 | 78.2 78.4 78.5 78.7 78.9 79.0 79.2 79.3 79.5 79.6 79.7 79.8 | 78.4 78.9 79.3 79.7 | 79.1
| | |
1988 | 79.9 79.9 80.0 80.1 80.1 80.1 80.2 80.2 80.3 80.4 80.5 80.5 | 79.9 80.1 80.2 80.5 | 80.2
1989 | 80.6 80.8 80.9 81.0 81.2 81.3 81.5 81.6 81.8 82.0 82.2 82.3 | 80.8 81.2 81.6 82.2 | 81.4
1990 | 82.5 82.7 82.8 83.0 83.2 83.3 83.5 83.6 83.8 83.9 84.1 84.2 | 82.7 83.2 83.6 84.1 | 83.4
1991 | 84.4 84.5 84.6 84.8 84.9 85.0 85.1 85.3 85.4 85.5 85.6 85.8 | 84.5 84.9 85.3 85.6 | 85.1
1992 | 85.9 86.1 86.2 86.4 86.5 86.7 86.9 87.0 87.2 87.4 87.5 87.7 | 86.1 86.5 87.0 87.5 | 86.8
| | |
1993 | 87.8 87.9 88.1 88.2 88.3 88.4 88.6 88.7 88.8 89.0 89.1 89.3 | 87.9 88.3 88.7 89.1 | 88.5
1994 | 89.5 89.7 89.9 90.1 90.4 90.6 90.9 91.2 91.5 91.8 92.2 92.5 | 89.7 90.4 91.2 92.2 | 90.9
1995 | 92.9 93.2 93.6 94.0 94.4 94.8 95.1 95.5 95.9 96.4 96.8 97.2 | 93.2 94.4 95.5 96.8 | 95.0
1996 | 97.6 98.1 98.5 98.9 99.4 99.8 100.3 100.7 101.2 101.7 102.1 102.6 | 98.1 99.4 100.7 102.1 | 100.1
1997 | 103.1 103.6 104.1 104.7 105.2 105.8 106.4 107.1 107.7 108.4 109.1 109.8 | 103.6 105.3 107.1 109.1 | 106.3
| | |
1998 | 110.6 111.3 112.0 112.7 113.5 114.1 114.8 115.4 116.0 116.5 117.1 117.6 | 111.3 113.4 115.4 117.1 | 114.3
1999 | 118.2 118.7 119.2 119.7 120.2 120.7 121.2 121.7 122.2 122.7 123.2 123.7 | 118.7 120.2 121.7 123.2 | 120.9
2000 | 124.3 124.8 125.3 125.8 126.3 126.8 127.2 127.6 128.1 128.5 128.9 129.3 | 124.8 126.3 127.6 128.9 | 126.9
2001 | 129.6 130.0 130.3 130.6 131.0 131.3 131.6 131.9 132.1 132.4 132.7 132.9 | 130.0 131.0 131.8 132.7 | 131.4
2002 | 133.1 133.3 133.5 133.6 133.7 133.8 133.9 133.9 133.8 133.8 133.7 133.6 | 133.3 133.7 133.9 133.7 | 133.6
| | |
2003 | 133.5 133.3 133.2 133.0 132.9 132.8 132.7 132.6 132.5 132.5 132.4 132.4 | 133.3 132.9 132.6 132.4 | 132.8
2004 | 132.4 132.4 132.5 132.5 132.5 132.5 132.6 132.6 132.6 132.6 132.6 132.7 | 132.4 132.5 132.6 132.6 | 132.5
2005 | 132.7 132.7 132.8 132.9 133.0 133.1 133.2 133.4 133.6 133.8 134.1 134.3 | 132.7 133.0 133.4 134.1 | 133.3
2006 | 134.6 134.8 135.1 135.4 135.7 136.0 136.2 136.5 136.8 137.0 | 134.9 135.7 136.5 |
| | |
Utilization | | |
(percent) | | |
1976 | 78.4 78.9 78.9 79.2 79.4 79.2 79.5 79.9 79.9 79.9 80.9 81.5 | 78.7 79.3 79.8 80.7 | 79.6
1977 | 80.8 81.8 82.7 83.2 83.6 84.0 83.9 83.8 83.9 83.9 83.7 83.6 | 81.8 83.6 83.9 83.7 | 83.2
| | |
1978 | 82.2 82.3 83.6 85.1 85.1 85.5 85.2 85.3 85.3 85.8 86.2 86.5 | 82.7 85.2 85.3 86.2 | 84.9
1979 | 85.8 86.1 86.2 85.1 85.5 85.4 85.0 84.2 84.1 84.4 84.2 84.1 | 86.0 85.3 84.5 84.3 | 85.0
1980 | 84.3 84.2 83.8 81.9 79.7 78.5 77.9 77.9 79.0 79.8 81.0 81.3 | 84.1 80.1 78.3 80.7 | 80.8
1981 | 80.7 80.1 80.3 79.8 80.2 80.4 80.7 80.5 79.8 79.1 78.0 77.0 | 80.4 80.1 80.4 78.0 | 79.7
1982 | 75.3 76.6 75.9 75.1 74.4 74.0 73.6 72.9 72.5 71.8 71.4 70.8 | 75.9 74.5 73.0 71.3 | 73.7
| | |
1983 | 72.0 71.5 72.1 73.0 73.5 73.9 75.0 75.8 76.9 77.5 77.7 78.0 | 71.9 73.4 75.9 77.8 | 74.8
1984 | 79.5 79.8 80.1 80.5 80.8 80.9 81.0 80.9 80.6 80.3 80.5 80.4 | 79.8 80.7 80.8 80.4 | 80.4
1985 | 80.0 80.1 80.0 79.7 79.6 79.4 78.7 78.9 79.1 78.6 78.8 79.5 | 80.0 79.6 78.9 79.0 | 79.4
1986 | 79.8 79.0 78.4 78.4 78.4 78.1 78.5 78.3 78.3 78.6 78.8 79.4 | 79.1 78.3 78.4 78.9 | 78.7
1987 | 79.0 79.9 79.9 80.2 80.5 80.8 81.1 81.6 81.6 82.7 83.0 83.3 | 79.6 80.5 81.4 83.0 | 81.1
| | |
1988 | 83.2 83.5 83.6 84.0 83.9 84.0 84.1 84.5 84.2 84.6 84.7 84.9 | 83.4 84.0 84.2 84.7 | 84.1
1989 | 85.0 84.5 84.6 84.4 83.7 83.6 82.6 83.3 82.8 82.6 82.7 83.1 | 84.7 83.9 82.9 82.8 | 83.6
1990 | 82.4 83.0 83.2 82.9 82.9 83.0 82.7 82.8 82.8 82.1 80.9 80.2 | 82.9 82.9 82.7 81.1 | 82.4
1991 | 79.7 79.0 78.5 78.6 79.3 79.9 79.8 79.8 80.4 80.1 79.9 79.5 | 79.1 79.3 80.0 79.9 | 79.6
1992 | 79.0 79.4 79.9 80.3 80.4 80.3 80.8 80.3 80.3 80.8 80.9 80.8 | 79.4 80.3 80.5 80.8 | 80.3
| | |
1993 | 81.1 81.3 81.1 81.3 80.9 81.0 81.2 81.1 81.4 81.8 82.0 82.3 | 81.2 81.1 81.2 82.1 | 81.4
1994 | 82.6 82.4 83.1 83.3 83.5 83.8 83.7 83.8 83.8 84.2 84.4 85.1 | 82.7 83.5 83.8 84.6 | 83.6
1995 | 85.1 84.8 84.6 84.1 84.0 83.9 83.2 84.0 84.0 83.5 83.4 83.3 | 84.8 84.0 83.7 83.4 | 84.0
1996 | 82.3 83.2 82.6 83.0 83.2 83.6 83.0 83.2 83.3 83.0 83.3 83.5 | 82.7 83.3 83.2 83.3 | 83.1
1997 | 83.3 83.8 84.1 83.6 83.6 83.5 83.5 84.0 84.3 84.4 84.7 84.5 | 83.7 83.6 83.9 84.5 | 83.9
| | |
1998 | 84.3 83.9 83.3 83.2 83.2 82.3 81.6 82.9 82.3 82.5 82.0 81.9 | 83.8 82.9 82.3 82.2 | 82.8
1999 | 82.1 82.1 81.9 81.8 82.1 81.6 81.8 81.9 81.3 82.0 82.2 82.6 | 82.0 81.8 81.7 82.3 | 81.9
2000 | 82.3 82.3 82.3 82.6 82.5 82.3 81.8 81.3 81.4 80.8 80.5 79.9 | 82.3 82.5 81.5 80.4 | 81.7
2001 | 79.2 78.5 78.0 77.5 76.8 76.2 75.7 75.3 74.8 74.2 73.7 73.6 | 78.5 76.9 75.3 73.8 | 76.1
2002 | 73.8 73.8 74.3 74.5 74.7 75.4 75.1 75.2 75.3 75.1 75.5 75.2 | 74.0 74.9 75.2 75.3 | 74.8
| | |
2003 | 75.7 76.0 75.9 75.4 75.4 75.7 76.0 76.0 76.4 76.4 77.1 77.1 | 75.9 75.5 76.1 76.8 | 76.1
2004 | 77.2 77.8 77.3 77.8 78.2 77.7 78.1 78.3 78.2 78.7 78.9 79.4 | 77.5 77.9 78.2 79.0 | 78.1
2005 | 79.6 80.0 79.9 79.9 80.2 80.6 80.5 80.7 79.2 80.0 80.7 81.3 | 79.8 80.2 80.1 80.7 | 80.2
2006 | 81.1 81.1 81.4 81.9 81.7 82.3 82.4 82.5 81.9 82.0 | 81.2 82.0 82.3 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
1Table 2
RATES OF CHANGE IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY: 2002-2006 <1>
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised change | revised and earlier changes
| | (percent) | (percentage points)
Item | NAICS | 2002 2003 2004 2005 2006 | 2002 2003 2004 2005 2006
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total IP | | 2.7 1.2 3.0 3.2 5.2 | .5 -.4 -1.4 .2 -.1
| | |
MARKET GROUPS | | |
Final products and nonindustrial supplies | | 1.8 1.3 2.6 4.8 3.4 | .4 -.5 -1.7 .0 -.3
Consumer goods | | 2.7 1.4 1.8 2.7 1.3 | .0 .0 -.2 .4 -.2
Durable | | 7.1 3.4 -.2 2.3 -2.0 | -.8 -.9 -1.5 -.8 .1
Automotive products | | 11.7 4.8 -3.2 -1.8 -4.7 | -.7 -1.7 -3.6 -4.3 -1.0
Home electronics | | -10.1 20.4 14.2 16.8 12.8 | -2.4 2.0 17.9 -.4 9.3
Appliances, furniture, carpeting | | 1.9 2.3 2.2 3.1 -3.7 | -2.1 .1 -.2 .9 -.9
Miscellaneous goods | | 5.1 -1.3 2.1 6.4 .7 | .2 -.5 -.9 3.2 -.2
Nondurable | | 1.0 .6 2.6 2.9 2.4 | .3 .4 .2 .8 -.5
Non-energy | | -.6 1.1 2.2 3.4 2.0 | .4 .5 -.2 1.2 -.8
Foods and tobacco | | -2.9 2.7 2.3 4.8 .3 | .2 .5 .4 1.9 -1.2
Clothing | | -10.6 -10.9 -10.5 -.3 1.7 | -3.5 -1.6 -7.7 1.0 -3.6
Chemical products | | 5.6 2.3 3.8 .9 5.6 | 1.6 1.3 .8 .6 .7
Paper products | | -.2 -4.3 3.2 2.2 .8 | .3 -.8 -2.7 -1.5 -1.0
Energy | | 9.2 -1.7 3.7 1.7 3.3 | -.3 .2 2.0 .0 .3
| | |
Business equipment | | -1.0 1.1 5.3 11.2 11.4 | 1.3 -1.7 -5.5 .7 -1.0
Transit | | -10.8 .4 6.0 20.5 20.1 | .0 -3.2 -3.7 5.5 5.2
Information processing | | -6.7 7.0 7.2 13.7 10.5 | 2.2 .5 -7.4 -5.7 -5.6
Industrial and other | | 6.6 -2.0 3.9 6.7 8.7 | 1.2 -2.4 -5.2 2.4 -.7
Defense and space equipment | | .6 1.5 2.5 3.8 4.1 | -.2 -3.9 -7.2 -5.5 -1.4
| | |
Construction supplies | | 1.7 1.0 1.6 8.0 .4 | .4 -.7 -3.1 1.4 .0
Business supplies | | 3.1 .9 2.9 3.4 3.4 | .6 .0 -.9 -.4 .2
| | |
Materials | | 4.0 1.0 3.4 1.1 7.6 | .6 -.2 -.8 .5 .1
Non-energy | | 5.2 1.4 4.8 3.5 7.6 | .8 -.3 -1.2 .2 .9
Durable | | 6.0 2.9 5.4 7.0 9.1 | .6 -.9 -2.2 .0 1.4
Consumer parts | | 7.5 -1.5 .2 1.7 -1.0 | 1.5 -.3 -1.8 -.5 -.8
Equipment parts | | 8.3 8.8 9.4 16.0 22.7 | .9 -3.0 -4.7 -.2 4.9
Other | | 3.2 .5 4.5 2.7 3.5 | -.1 .5 -.5 .6 .4
Nondurable | | 3.7 -1.1 3.8 -2.1 5.1 | 1.0 .6 .6 1.0 .3
Textile | | 5.7 -7.6 -3.4 .2 -5.2 | .7 -1.1 3.0 4.6 -1.5
Paper | | 1.4 -5.2 3.9 -.2 2.4 | .5 1.3 -.7 .7 .1
Chemical | | 6.0 2.4 7.7 -6.5 10.7 | 2.1 .9 2.4 2.1 .4
Energy | | .5 .1 -.2 -4.2 7.4 | .1 .2 .0 1.2 -1.9
| | |
| | |
INDUSTRY GROUPS | | |
Manufacturing | | 2.7 1.3 3.4 4.4 5.1 | .6 -.4 -1.7 .2 .1
Manufacturing (NAICS) | | 3.1 1.6 3.5 4.6 5.5 | .6 -.4 -1.7 .3 .2
| | |
Durable manufacturing | | 4.3 2.6 3.7 7.9 6.8 | .5 -1.4 -3.4 .2 .6
Wood products | 321 | 1.5 4.6 1.8 10.5 -9.9 | .6 .6 -1.3 3.1 1.5
Nonmetallic mineral products | 327 | 1.2 1.9 3.8 5.8 .7 | .2 -.2 -1.2 2.9 1.2
Primary metal | 331 | 5.5 4.3 7.4 -2.3 6.1 | -1.1 3.3 3.6 -.6 2.4
Fabricated metal products | 332 | 1.8 -2.2 1.6 6.1 5.6 | .6 -1.5 -3.7 2.1 -.5
Machinery | 333 | 6.3 -2.0 5.0 8.2 8.2 | 2.2 -3.0 -6.5 1.9 .4
Computer and electronic products | 334 | 4.3 13.6 10.2 18.3 19.5 | 1.5 -2.1 -5.9 -4.7 2.5
Electrical equip., appliances, | | |
and components | 335 | -3.8 -1.0 2.0 3.8 4.3 | -1.7 -.3 -3.1 -3.2 -5.8
Motor vehicles and parts | 3361-3 | 12.4 3.1 -1.6 .2 -3.8 | .2 -1.5 -4.3 -2.1 -.3
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | -7.3 -3.7 2.0 15.0 17.5 | .0 -3.3 -3.3 3.1 3.1
Furniture and related products | 337 | 5.8 .1 3.5 1.7 .4 | -1.6 -.1 1.3 3.7 -.1
Miscellaneous | 339 | 9.1 .1 2.2 8.7 3.8 | -.5 -.5 -1.7 3.9 -1.1
| | |
Nondurable manufacturing | | 1.5 .4 3.2 .9 4.1 | .7 .8 .4 .9 -.1
Food, beverage, and tobacco products | 311,2 | -1.7 2.6 1.2 5.3 .7 | .5 .9 -.5 1.9 -1.4
Textile and product mills | 313,4 | 2.8 -4.7 -.7 2.0 -5.3 | .6 -.5 3.1 2.3 -.1
Apparel and leather | 315,6 | -10.7 -10.5 -9.6 .4 1.1 | -3.8 -1.1 -7.5 .8 -3.5
Paper | 322 | 4.1 -5.4 3.0 -.1 -.1 | .7 .6 -1.5 .6 .6
Printing and support | 323 | -3.3 -2.4 1.9 1.9 4.0 | -.1 .7 .4 .2 -1.3
Petroleum and coal products | 324 | 2.3 1.0 10.0 -3.6 8.1 | -.6 .7 3.7 2.4 -.6
Chemical | 325 | 5.4 2.0 6.1 -2.5 8.0 | 1.8 1.3 1.8 1.0 .5
Plastics and rubber products | 326 | 5.0 -.2 .8 3.0 4.1 | .6 .0 -2.4 -.9 .1
| | |
Other manufacturing (non-NAICS) | 1133,5111 | -2.5 -3.4 2.6 .6 -2.2 | .1 -.4 -1.2 -1.2 -1.1
| | |
Mining | 21 | -3.7 .6 -.8 -5.5 10.0 | .1 .1 -.3 1.4 -2.0
Utilities | 2211,2 | 7.0 .6 1.6 2.1 1.2 | .0 -.2 .4 -.7 -.4
Electric | 2211 | 5.6 1.8 2.2 3.4 .9 | .0 -.1 .2 -.4 -.2
Natural gas | 2212 | 15.7 -6.0 -1.4 -3.4 2.6 | .1 -.4 1.5 -1.8 -1.1
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates for the third quarter of 2006 are subject to further revision in the upcoming monthly releases.
<1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
previous year to the fourth quarter of the year specified in the column heading. For 2006, the rates are
calculated from the fourth quarter of 2005 to the third quarter of 2006 and annualized.
1Table 3
RATES OF CHANGE IN INDUSTRIAL PRODUCTION, SPECIAL AGGREGATES AND SELECTED DETAIL: 2002-2006 <1>
----------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised change | revised and earlier changes
| | (percent) | (percentage points)
Item | NAICS | 2002 2003 2004 2005 2006 | 2002 2003 2004 2005 2006
----------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | | 2.7 1.2 3.0 3.2 5.2 | .5 -.4 -1.4 .2 -.1
| | |
Energy | | 2.8 .6 1.5 -1.8 6.1 | .0 .1 .8 .7 -1.1
Consumer products | | 9.2 -1.7 3.7 1.7 3.3 | -.3 .2 2.0 .0 .3
Commercial products | | 4.3 4.8 4.5 .5 2.9 | -.2 -.4 2.0 -2.3 1.4
Oil and gas well drilling | 213111 | -15.2 21.2 8.3 11.8 19.9 | .0 .0 .0 .0 .5
Converted fuel | | 4.3 1.0 2.1 -2.5 6.4 | .2 .4 .5 -.3 -1.8
Primary materials | | -1.5 -.3 -1.3 -4.9 7.9 | .1 .1 -.3 1.9 -2.1
| | |
Non-energy | | 2.7 1.3 3.3 4.6 4.9 | .6 -.4 -1.8 .2 .1
Selected high-technology industries | | 8.3 17.2 10.4 28.1 24.2 | 3.5 -4.0 -8.0 2.4 1.6
Computers and peripheral equipment | 3341 | -2.9 4.8 6.6 30.4 5.7 | -.3 -.9 2.0 18.3 -7.5
Communications equipment | 3342 | -13.6 13.9 6.2 12.9 16.9 | 9.0 4.0 -16.1 -12.5 -8.7
Semiconductors and related | | |
electronic components | 334412-9 | 28.0 24.4 13.7 33.8 36.8 | 2.0 -9.6 -7.7 3.9 12.8
| | |
Excluding selected high-technology | | |
industries | | 2.2 .3 2.8 3.1 3.6 | .3 -.2 -1.4 .1 -.1
| | |
Motor vehicles and parts | 3361-3 | 12.4 3.1 -1.6 .2 -3.8 | .2 -1.5 -4.3 -2.1 -.3
Motor vehicles | 3361 | 13.7 7.8 -3.0 -2.5 -6.5 | -.7 -2.6 -4.6 -2.4 -.5
Motor vehicle parts | 3363 | 11.1 -2.1 -1.1 1.3 .8 | .9 -.6 -3.3 -2.0 -.6
| | |
Excluding motor vehicles and parts | | 1.3 .0 3.2 3.4 4.3 | .3 -.1 -1.2 .2 -.2
Consumer goods | | .2 1.0 2.4 3.6 1.7 | .2 .4 .1 1.3 -.6
Business equipment | | .5 -1.5 4.4 8.9 12.6 | .2 -2.0 -4.6 -.7 .6
Construction supplies | | 1.8 .8 1.5 8.0 .2 | .4 -.8 -3.1 1.5 -.1
Business supplies | | 2.0 -1.0 2.1 3.1 2.1 | .6 .5 -1.3 .4 -.4
Materials | | 2.3 -.4 4.4 .7 5.7 | .5 .4 -.3 .1 .2
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 2.3 .3 2.5 1.9 4.2 | .3 -.2 -1.0 .1 -.3
Manufacturing | | 2.3 .3 3.0 2.9 3.9 | .3 -.2 -1.3 .0 .0
Durable | | 3.5 .7 2.8 5.2 4.4 | .0 -1.0 -2.8 -.3 .2
| | |
Measures excluding motor vehicles and parts | | |
Total industry | | 2.0 1.0 3.3 3.4 5.7 | .5 -.3 -1.1 .3 -.2
Manufacturing | | 1.9 1.1 3.9 4.7 5.8 | .6 -.3 -1.4 .3 .0
Durable | | 2.7 2.5 4.8 9.3 8.5 | .5 -1.3 -3.2 .4 .5
| | |
Measures excluding selected high-technology | | |
industries and motor vehicles and parts | | |
Total industry | | 1.5 .1 2.9 2.1 4.7 | .3 .0 -.7 .2 -.4
Manufacturing | | 1.3 .0 3.4 3.1 4.5 | .3 .0 -1.0 .2 -.1
| | |
Stage-of-process components of non-energy | | |
materials, measures of the input to | | |
Finished processors | | 6.7 2.2 5.2 8.3 11.2 | 1.0 -1.3 -2.8 .0 1.9
Primary and semifinished processors | | 3.8 .7 4.4 -.1 5.0 | .5 .5 .1 .7 .4
| | |
Stage-of-process groups | | |
Crude | | -.2 -.4 3.1 -7.2 10.1 | .9 1.3 1.1 1.5 -1.1
Primary and semifinished | | 4.5 .6 3.2 4.3 4.5 | .3 -.6 -1.3 .1 .5
Finished | | 1.2 2.4 2.6 5.6 4.4 | .6 -.5 -2.2 .2 -.8
----------------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates for the third quarter of 2006 are subject to further revision in the upcoming monthly releases.
<1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
previous year to the fourth quarter of the year specified in the column heading. For 2006, the rates are
calculated from the fourth quarter of 2005 to the third quarter of 2006 and annualized.
<2> Manufacturing consists of those industries included in the North American Industry
Classification System, or NAICS, definition of manufacturing plus those industries--logging and
newspaper, periodical, book and directory publishing--that have traditionally been considered
to be a part of manufacturing and are included in the industrial sector.
1Table 4
Annual Rates of Change for Industrial Production <1>
--------------------------------------------------------------------------------------------------------------------------------------------
| | Difference between
| Revised Growth Rates | revised and earlier rates
| | (percentage points)
Item | 2002 2003 2004 2005 2006 | 2002 2003 2004 2005 2006
--------------------------------------------------------------------------------------------------------------------------------------------
| |
Total IP | .0 1.1 2.5 3.2 4.3 | -.1 .4 -1.6 .1 -.2
| |
MARKET GROUPS | |
Consumer goods | 1.9 1.3 1.4 2.8 1.2 | -.3 .3 -.7 .7 -.3
Durable | 5.4 3.4 1.4 1.0 .1 | -.9 -.6 -1.4 -.9 -.4
Nondurable | .6 .5 1.4 3.5 1.5 | -.1 .7 -.3 1.3 -.3
| |
Business equipment | -7.1 .2 4.3 7.9 12.0 | .7 .2 -5.0 -1.1 -.7
Defense and space equipment | -.6 3.8 .2 5.5 2.6 | -.4 -1.2 -7.6 -5.2 -3.9
| |
Construction supplies | -.5 -.2 2.0 4.8 4.5 | -.3 .7 -3.5 .8 -.3
Business supplies | .0 1.5 2.2 3.4 3.1 | -.2 .8 -1.0 -.2 -.2
| |
Materials | .9 .9 3.1 2.2 5.1 | -.1 .5 -1.2 .2 .4
Non-energy | 1.2 1.3 4.3 3.6 6.6 | -.1 .6 -1.5 .1 .7
Energy | .0 -.1 -.2 -1.3 1.6 | .0 .3 -.2 .5 .0
| |
| |
INDUSTRY GROUPS | |
Manufacturing | .0 1.1 2.9 3.9 5.0 | -.1 .5 -1.9 .0 -.1
Manufacturing (NAICS) | .2 1.3 3.0 4.0 5.4 | -.1 .6 -2.0 .1 .0
Durable manufacturing | -.4 2.3 4.0 5.5 8.1 | -.2 .0 -3.3 -1.0 .5
Nondurable manufacturing | 1.0 .1 1.9 2.4 2.4 | .0 1.3 -.3 1.6 -.2
Other manufacturing (non-NAICS) | -3.1 -3.0 .9 1.8 -1.9 | -.1 -.1 -.9 -1.3 -1.2
| |
Mining | -4.3 -.1 -.6 -1.6 2.8 | .0 .1 -.4 .5 -.1
Utilities | 3.1 1.9 1.4 2.0 .1 | .0 -.1 .2 -.4 -.3
--------------------------------------------------------------------------------------------------------------------------------------------
<1> The rates of change are calculated from annual averages of seasonally adjusted industrial production indexes, rather than between the fourth quarter of one year and the fourth quarter of the next.
<2> See footnote 2 of table 3.
1Table 5
RATES OF CHANGE IN CAPACITY, BY INDUSTRY GROUPS: 2002-2006 <1>
---------------------------------------------------------------------------------------------------------------------------------------------------------
| | Difference between
| Revised change | revised and earlier changes
| (percent) | (percentage points)
Item | 2002 2003 2004 2005 2006 | 2002 2003 2004 2005 2006
---------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | .8 -.9 .1 1.1 2.4 | .1 -.7 -.5 -.5 .4
| |
Manufacturing | .4 -.9 .0 1.7 2.7 | .0 -.8 -.5 -.3 .1
Manufacturing (NAICS) | .5 -.7 .0 1.8 2.8 | .0 -.8 -.5 -.4 .1
Durable manufacturing | .9 -.2 .5 3.3 4.2 | -.2 -1.4 -.9 -.7 .5
Nondurable manufacturing | .1 -1.1 -.3 .3 1.0 | .4 .0 .4 .5 -.3
Other manufacturing (non-NAICS) | -2.4 -3.8 -.1 .6 .9 | .3 -.7 -.5 .1 .8
| |
Mining | -.5 -2.1 -.3 -1.7 .6 | .8 -1.1 .3 -1.1 2.0
Utilities | 4.5 3.2 2.6 .0 2.1 | .0 .1 .0 .0 1.4
| |
| |
Selected high-technology industries | 12.6 1.4 4.3 18.3 19.6 | 3.1 -6.6 -2.5 -2.5 7.4
Manufacturing ex. selected | |
high-technology industries | -.4 -.8 -.2 .6 1.4 | -.2 -.4 -.3 .0 -.4
| |
Stage-of-process groups | |
Crude | .2 -2.2 -.1 -1.1 .3 | 1.3 -.1 1.0 -.2 1.4
Primary and semifinished | .9 -1.4 .4 1.4 3.0 | .0 -1.3 -.5 -1.1 1.0
Finished | .6 .3 .5 2.0 2.3 | .0 -.3 -.3 .8 -.5
---------------------------------------------------------------------------------------------------------------------------------------------------------
<1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
previous year to the fourth quarter of the year specified in the column heading.
<2> See footnote 2 to table 3.
1Table 6
REVISED AND EARLIER CAPACITY UTILIZATION RATES, BY INDUSTRY GROUPS
Percent of capacity, seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised rate | revised and earlier rates
| | | (percentage points)
| | 1972- |
Item | NAICS | 2005 2003 2004 2005 2006 | 2003 2004 2005 2006
| | Ave. Q4 Q4 Q4 Q3 | Q4 Q4 Q4 Q3
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | | 81.0 76.8 79.0 80.7 82.3 | .3 -.4 .2 -.2
| | |
Manufacturing | | 79.8 75.0 77.6 79.6 80.9 | .3 -.6 -.2 -.3
Manufacturing (NAICS) | | 79.5 74.6 77.2 79.3 80.8 | .2 -.6 -.2 -.2
| | |
Durable manufacturing | | 78.0 72.4 74.8 78.1 79.6 | .2 -1.5 -.9 -.9
Wood products | 321 | 80.2 80.3 81.3 88.5 80.8 | 1.8 .3 1.4 1.7
Nonmetallic mineral products | 327 | 79.4 79.2 81.1 83.8 82.3 | -.2 -1.3 .6 1.0
Primary metal | 331 | 80.6 80.4 86.8 83.7 88.6 | -.2 1.8 .2 2.1
Fabricated metal products | 332 | 77.2 72.2 73.6 78.0 80.7 | 2.1 -.3 1.9 2.1
Machinery | 333 | 78.6 70.2 73.5 78.8 82.1 | .8 -4.8 -4.7 -5.4
Computer and electronic products | 334 | 78.4 67.1 71.7 75.1 77.2 | .1 -1.2 -3.1 -3.7
Electrical equip., appliances, | | |
and components | 335 | 83.2 75.9 79.1 83.4 85.4 | .1 -2.0 -4.3 -8.1
Motor vehicles and parts | 3361-3 | 77.6 79.9 79.0 78.6 75.6 | -.4 -1.5 -1.0 -.4
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | 72.4 60.4 61.5 70.3 78.0 | -1.9 -3.7 -1.4 .0
Furniture and related products | 337 | 78.5 72.4 76.5 78.6 79.3 | -1.3 1.3 5.3 5.5
Miscellaneous | 339 | 76.7 75.3 75.0 78.2 78.1 | .6 -1.7 -.2 -.7
| | |
Nondurable manufacturing | | 81.7 77.4 80.1 80.6 82.4 | .2 .2 .5 .6
Food, beverage, and tobacco products | 311,2 | 81.6 77.8 78.2 81.4 80.9 | -.5 -1.2 -.5 -1.0
Textile and product mills | 313,4 | 82.4 73.3 75.6 79.8 78.3 | -1.3 .6 2.6 2.7
Apparel and leather | 315,6 | 78.9 66.2 67.9 71.5 74.0 | -.5 -5.0 -8.8 -11.4
Paper | 322 | 87.9 81.7 84.5 85.0 85.4 | .4 -1.0 -.1 .4
Printing and support | 323 | 83.8 72.9 76.0 78.0 79.2 | 1.3 1.1 .7 -1.2
Petroleum and coal products | 324 | 86.1 89.0 94.4 87.9 92.9 | .6 1.0 .6 .2
Chemical | 325 | 78.3 75.2 78.5 75.7 79.6 | .7 1.2 1.6 2.3
Plastics and rubber products | 326 | 83.8 81.6 85.0 87.3 87.9 | .4 .1 -1.7 -2.1
| | |
Other manufacturing (non-NAICS) | 1133,5111 | 84.8 82.9 85.2 85.2 83.2 | .8 .2 -.9 -2.1
| | |
Mining | 21 | 87.3 88.8 88.4 85.0 91.1 | .7 .1 2.3 .1
Utilities | 2211,2 | 86.8 85.5 84.7 86.5 86.0 | -.1 .2 -.4 -1.5
| | |
Selected high-technology industries | | 78.0 66.8 70.7 76.5 78.5 | 1.1 -2.1 .8 -1.7
Computers and peripheral equipment | 3341 | 78.2 74.5 79.8 76.2 73.1 | -.4 3.5 -4.2 -10.0
Communications equipment | 3342 | 75.6 49.0 54.4 63.8 71.9 | 1.9 -4.3 -10.4 -12.7
Semiconductors and related | | |
electronic components | 334412-9 | 80.5 75.6 76.8 83.2 83.8 | 1.4 -2.6 8.0 6.0
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 81.1 77.5 79.5 80.9 82.6 | .2 -.3 .0 -.3
Manufacturing<1> | | 79.9 75.7 78.1 79.8 81.3 | .2 -.5 -.5 -.4
| | |
Stage-of-process groups | | |
Crude | | 86.4 85.2 88.0 83.0 89.5 | .2 .2 1.6 .4
Primary and semifinished | | 82.2 79.3 81.3 83.5 84.1 | .7 .0 .9 .6
Finished | | 77.8 72.2 73.9 76.5 77.9 | -.2 -1.4 -1.8 -2.0
--------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates for the third quarter of 2006 are subject to further revision in the upcoming monthly releases.
1. See footnote 2 to table 3.
1Table 7A
INDUSTRIAL PRODUCTION: Manufacturing <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <2>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1976 | 1.3 1.3 .2 .7 .5 .0 .8 .7 .2 .1 1.3 1.1 | 13.7 6.8 6.0 6.8 | 9.1
1977 | -.3 1.8 1.5 1.1 .8 .8 .1 .6 .2 .3 .1 1.1 | 10.4 14.6 5.5 4.2 | 8.7
| | |
1978 | -1.4 .3 1.7 1.6 .3 .8 -.1 .5 .4 .8 .9 .8 | .4 14.1 4.3 9.0 | 6.1
1979 | -.9 .5 .5 -1.5 1.2 .2 .1 -1.3 .2 .3 -.2 .3 | 2.0 -.7 -.8 .0 | 3.2
1980 | .4 -.1 -.8 -2.0 -3.1 -1.5 -.9 .7 1.6 1.8 1.9 .3 | 1.0 -18.6 -7.6 19.2 | -3.6
1981 | -.3 -.7 .4 .5 .6 -.5 .2 .1 -.5 -1.0 -1.1 -1.6 | .7 3.3 .3 -9.8 | 1.2
1982 | -2.3 2.7 -.8 -.7 -.2 -.2 -.1 -.8 -.3 -1.1 -.7 -.4 | -8.9 -1.9 -4.0 -8.4 | -5.3
| | |
1983 | 2.4 -.1 1.0 1.2 1.3 .8 1.5 .8 1.9 1.2 .3 .3 | 8.8 12.4 15.6 12.7 | 4.8
1984 | 1.9 1.1 .5 .5 .3 .5 .5 .2 -.2 .4 .3 .4 | 12.9 6.4 3.8 2.9 | 10.0
1985 | -.4 -.3 .8 -.3 .1 .2 -.6 .6 .1 -.2 .7 .4 | .3 1.1 .3 2.5 | 1.9
1986 | 1.1 -.7 -.3 .4 .2 -.3 .5 .3 .2 .4 .5 .9 | 4.6 .0 2.5 5.0 | 2.3
1987 | -.3 1.4 .1 .5 .8 .4 .7 .5 .6 1.6 .6 .6 | 6.0 7.0 7.2 11.4 | 5.7
| | |
1988 | -.2 .1 .3 .8 -.1 .1 .1 .1 .4 .6 .3 .4 | 2.4 4.3 1.4 5.0 | 5.3
1989 | .7 -1.0 -.1 .1 -.8 .1 -1.1 1.0 -.3 -.2 .2 .2 | 1.7 -3.2 -2.9 .6 | .8
1990 | -.2 1.4 .4 -.2 .1 .2 -.2 .3 .0 -.8 -1.1 -.7 | 4.5 2.6 .8 -6.5 | .8
1991 | -.8 -.7 -.6 .3 .7 1.1 .2 .3 1.1 -.2 -.2 -.1 | -9.0 2.3 7.4 1.8 | -1.9
1992 | -.5 .8 .9 .5 .6 .3 .8 -.4 .1 .6 .4 -.1 | .7 8.1 4.2 2.8 | 3.8
| | |
1993 | 1.1 .1 -.2 .6 -.1 -.1 .3 -.1 .6 .8 .4 .6 | 4.6 1.6 1.7 7.2 | 3.7
1994 | .3 .1 1.3 .8 .7 .3 .5 .7 .4 1.0 .8 1.2 | 5.5 9.2 6.0 10.1 | 6.1
1995 | .4 .0 .2 -.2 .0 .4 -.6 1.2 .9 -.1 .1 .3 | 6.4 .4 3.1 4.4 | 5.5
1996 | -.9 1.5 -.3 1.1 .7 1.1 .3 .6 .7 .0 .9 .9 | 1.1 9.6 7.6 6.5 | 4.6
1997 | .1 1.4 1.1 -.3 .8 .6 .4 1.5 .9 .8 1.2 .5 | 9.8 6.6 10.0 12.1 | 8.5
| | |
1998 | .8 .0 -.2 .6 .5 -.6 -.4 2.6 -.3 .9 .2 .5 | 6.3 2.8 4.1 7.5 | 6.9
1999 | .4 .8 -.1 .3 1.0 -.3 .5 .7 -.3 1.6 .8 .8 | 5.4 4.5 4.1 9.9 | 5.4
2000 | .2 .3 .7 .7 .0 .2 -.1 -.6 .5 -.4 -.4 -.7 | 5.8 5.8 -.7 -3.2 | 4.8
2001 | -.6 -.6 -.4 -.3 -.7 -.6 -.3 -.7 -.3 -.7 -.3 .2 | -6.6 -5.7 -6.2 -5.0 | -4.2
2002 | .4 .1 .8 .1 .6 1.1 -.4 .4 .1 -.5 .4 -.4 | 3.1 5.8 3.1 -.8 | .0
| | |
2003 | .5 .0 .2 -.9 -.1 .6 .1 -.2 .7 -.1 1.0 -.1 | 1.7 -2.3 2.2 3.7 | 1.1
2004 | .0 .7 -.1 .6 .6 -.7 .8 .6 -.3 .7 .0 .6 | 2.9 3.7 3.5 3.7 | 2.9
2005 | .5 .6 -.2 .2 .6 .4 .1 .4 -.8 1.5 .9 .4 | 5.1 3.1 1.9 7.5 | 3.9
2006 | .8 -.2 .4 1.0 -.2 .9 .4 .4 -.1 -.3 | 5.5 5.5 4.4 |
| | |
IP (2002=100) | | |
1976 | 42.6 43.2 43.3 43.6 43.8 43.8 44.1 44.4 44.5 44.6 45.1 45.6 | 43.0 43.7 44.4 45.1 | 44.1
1977 | 45.5 46.3 47.0 47.5 47.8 48.2 48.3 48.6 48.6 48.8 48.8 49.4 | 46.2 47.9 48.5 49.0 | 47.9
| | |
1978 | 48.7 48.8 49.7 50.5 50.6 51.0 51.0 51.2 51.5 51.9 52.4 52.8 | 49.1 50.7 51.2 52.3 | 50.8
1979 | 52.3 52.6 52.9 52.1 52.7 52.8 52.8 52.1 52.2 52.4 52.3 52.5 | 52.6 52.5 52.4 52.4 | 52.5
1980 | 52.7 52.6 52.2 51.2 49.6 48.9 48.4 48.8 49.5 50.4 51.4 51.5 | 52.5 49.9 48.9 51.1 | 50.6
1981 | 51.3 51.0 51.2 51.5 51.8 51.6 51.7 51.8 51.5 51.0 50.4 49.6 | 51.2 51.6 51.6 50.3 | 51.2
1982 | 48.4 49.7 49.4 49.0 48.9 48.8 48.8 48.4 48.2 47.7 47.3 47.1 | 49.2 48.9 48.4 47.4 | 48.5
| | |
1983 | 48.3 48.2 48.7 49.3 49.9 50.3 51.1 51.5 52.5 53.1 53.3 53.4 | 48.4 49.8 51.7 53.2 | 50.8
1984 | 54.4 55.0 55.3 55.6 55.7 56.0 56.2 56.3 56.2 56.5 56.7 56.9 | 54.9 55.7 56.3 56.7 | 55.9
1985 | 56.7 56.5 56.9 56.8 56.8 56.9 56.6 57.0 57.1 56.9 57.3 57.5 | 56.7 56.9 56.9 57.2 | 56.9
1986 | 58.2 57.8 57.7 57.9 58.0 57.8 58.1 58.3 58.4 58.6 58.9 59.4 | 57.9 57.9 58.3 59.0 | 58.3
1987 | 59.3 60.1 60.2 60.5 60.9 61.2 61.6 61.9 62.3 63.2 63.6 64.0 | 59.8 60.9 61.9 63.6 | 61.6
| | |
1988 | 63.9 63.9 64.1 64.7 64.6 64.7 64.8 64.8 65.1 65.5 65.6 65.9 | 64.0 64.7 64.9 65.7 | 64.8
1989 | 66.4 65.8 65.7 65.8 65.2 65.3 64.6 65.2 65.0 64.9 65.0 65.2 | 66.0 65.4 64.9 65.0 | 65.3
1990 | 65.1 66.0 66.2 66.1 66.2 66.3 66.2 66.4 66.4 65.9 65.1 64.6 | 65.8 66.2 66.3 65.2 | 65.9
1991 | 64.1 63.7 63.3 63.5 64.0 64.7 64.8 65.0 65.7 65.6 65.5 65.4 | 63.7 64.0 65.2 65.5 | 64.6
1992 | 65.0 65.6 66.2 66.5 66.9 67.2 67.7 67.5 67.5 67.9 68.2 68.1 | 65.6 66.9 67.6 68.0 | 67.0
| | |
1993 | 68.8 68.9 68.8 69.2 69.1 69.0 69.3 69.2 69.7 70.3 70.6 71.0 | 68.8 69.1 69.4 70.6 | 69.5
1994 | 71.2 71.3 72.2 72.8 73.2 73.4 73.8 74.3 74.6 75.3 75.9 76.8 | 71.6 73.2 74.2 76.0 | 73.7
1995 | 77.2 77.2 77.3 77.2 77.2 77.5 77.0 78.0 78.7 78.6 78.7 78.9 | 77.2 77.3 77.9 78.7 | 77.8
1996 | 78.2 79.4 79.2 80.1 80.7 81.5 81.7 82.3 82.8 82.8 83.6 84.3 | 78.9 80.8 82.3 83.6 | 81.4
1997 | 84.4 85.6 86.6 86.3 87.0 87.5 87.8 89.2 90.0 90.7 91.8 92.3 | 85.5 86.9 89.0 91.6 | 88.3
| | |
1998 | 93.0 93.1 92.9 93.5 94.0 93.4 93.1 95.5 95.2 96.1 96.2 96.7 | 93.0 93.6 94.6 96.3 | 94.4
1999 | 97.1 97.9 97.8 98.2 99.1 98.8 99.3 100.1 99.7 101.3 102.1 102.9 | 97.6 98.7 99.7 102.1 | 99.5
2000 | 103.1 103.4 104.1 104.9 104.9 105.2 105.1 104.5 104.9 104.5 104.1 103.4 | 103.5 105.0 104.8 104.0 | 104.3
2001 | 102.8 102.2 101.7 101.4 100.7 100.1 99.7 99.0 98.7 98.0 97.7 97.9 | 102.2 100.7 99.1 97.9 | 100.0
2002 | 98.3 98.4 99.2 99.3 99.8 100.9 100.5 100.9 101.0 100.4 100.8 100.4 | 98.6 100.0 100.8 100.6 | 100.0
| | |
2003 | 100.9 100.9 101.2 100.3 100.2 100.8 100.9 100.6 101.4 101.3 102.2 102.1 | 101.0 100.4 100.9 101.9 | 101.1
2004 | 102.1 102.9 102.8 103.4 104.0 103.3 104.1 104.7 104.4 105.2 105.2 105.8 | 102.6 103.5 104.4 105.4 | 104.0
2005 | 106.4 107.0 106.7 106.9 107.6 108.0 108.1 108.4 107.5 109.2 110.1 110.6 | 106.7 107.5 108.0 110.0 | 108.0
2006 | 111.5 111.2 111.7 112.8 112.6 113.5 113.9 114.4 114.2 113.9 | 111.5 113.0 114.2 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> See footnote 2 to table 3.
<2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
1Table 7B
CAPACITY AND UTILIZATION: Manufacturing <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2002 output) | | |
1976 | 55.7 55.8 55.9 56.0 56.2 56.3 56.4 56.6 56.7 56.8 57.0 57.1 | 55.8 56.2 56.6 57.0 | 56.4
1977 | 57.3 57.4 57.6 57.7 57.9 58.1 58.2 58.4 58.6 58.7 58.9 59.1 | 57.4 57.9 58.4 58.9 | 58.2
| | |
1978 | 59.3 59.5 59.6 59.8 60.0 60.2 60.4 60.5 60.7 60.9 61.1 61.2 | 59.5 60.0 60.5 61.1 | 60.3
1979 | 61.4 61.6 61.8 61.9 62.1 62.3 62.4 62.6 62.7 62.9 63.1 63.2 | 61.6 62.1 62.6 63.1 | 62.3
1980 | 63.4 63.5 63.7 63.8 64.0 64.2 64.4 64.5 64.7 64.9 65.1 65.3 | 63.5 64.0 64.5 65.1 | 64.3
1981 | 65.5 65.7 65.9 66.0 66.2 66.4 66.6 66.7 66.9 67.1 67.2 67.4 | 65.7 66.2 66.7 67.2 | 66.5
1982 | 67.6 67.7 67.9 68.0 68.1 68.3 68.4 68.5 68.6 68.7 68.8 68.8 | 67.7 68.1 68.5 68.7 | 68.3
| | |
1983 | 68.9 68.9 69.0 69.0 69.0 69.1 69.1 69.2 69.2 69.3 69.3 69.4 | 68.9 69.0 69.2 69.3 | 69.1
1984 | 69.5 69.6 69.8 69.9 70.0 70.2 70.4 70.6 70.8 71.0 71.2 71.4 | 69.6 70.0 70.6 71.2 | 70.4
1985 | 71.6 71.9 72.1 72.3 72.5 72.7 72.9 73.1 73.2 73.4 73.5 73.6 | 71.9 72.5 73.1 73.5 | 72.7
1986 | 73.7 73.8 73.9 74.0 74.1 74.2 74.3 74.4 74.5 74.6 74.8 74.9 | 73.8 74.1 74.4 74.8 | 74.3
1987 | 75.1 75.3 75.4 75.6 75.8 76.0 76.2 76.3 76.5 76.6 76.7 76.8 | 75.3 75.8 76.3 76.7 | 76.0
| | |
1988 | 76.9 77.0 77.1 77.1 77.1 77.2 77.2 77.3 77.4 77.4 77.5 77.6 | 77.0 77.1 77.3 77.5 | 77.2
1989 | 77.8 77.9 78.0 78.2 78.4 78.5 78.7 78.9 79.1 79.3 79.4 79.6 | 77.9 78.4 78.9 79.4 | 78.6
1990 | 79.8 80.0 80.2 80.3 80.5 80.7 80.8 81.0 81.2 81.3 81.5 81.6 | 80.0 80.5 81.0 81.5 | 80.7
1991 | 81.8 81.9 82.1 82.2 82.3 82.5 82.6 82.7 82.9 83.0 83.1 83.3 | 81.9 82.3 82.7 83.1 | 82.5
1992 | 83.4 83.6 83.8 83.9 84.1 84.3 84.5 84.7 84.9 85.1 85.3 85.5 | 83.6 84.1 84.7 85.3 | 84.4
| | |
1993 | 85.6 85.8 85.9 86.1 86.2 86.4 86.5 86.7 86.8 87.0 87.2 87.4 | 85.8 86.2 86.7 87.2 | 86.5
1994 | 87.6 87.8 88.0 88.3 88.5 88.8 89.1 89.4 89.8 90.1 90.5 90.9 | 87.8 88.5 89.4 90.5 | 89.1
1995 | 91.2 91.6 92.1 92.5 92.9 93.3 93.8 94.2 94.7 95.1 95.6 96.1 | 91.6 92.9 94.2 95.6 | 93.6
1996 | 96.6 97.1 97.6 98.1 98.6 99.1 99.6 100.1 100.6 101.2 101.7 102.2 | 97.1 98.6 100.1 101.7 | 99.4
1997 | 102.8 103.4 104.0 104.6 105.2 105.9 106.6 107.3 108.0 108.8 109.6 110.4 | 103.4 105.2 107.3 109.6 | 106.4
| | |
1998 | 111.3 112.1 112.9 113.7 114.5 115.3 116.0 116.7 117.4 118.1 118.7 119.3 | 112.1 114.5 116.7 118.7 | 115.5
1999 | 119.9 120.5 121.1 121.7 122.2 122.8 123.4 124.0 124.6 125.2 125.8 126.4 | 120.5 122.2 124.0 125.8 | 123.1
2000 | 127.1 127.7 128.3 128.9 129.5 130.1 130.7 131.2 131.7 132.2 132.7 133.2 | 127.7 129.5 131.2 132.7 | 130.3
2001 | 133.6 134.0 134.4 134.7 135.1 135.4 135.6 135.9 136.1 136.3 136.5 136.6 | 134.0 135.1 135.9 136.5 | 135.4
2002 | 136.8 136.9 137.0 137.1 137.1 137.2 137.2 137.2 137.1 137.1 137.0 136.9 | 136.9 137.1 137.2 137.0 | 137.1
| | |
2003 | 136.8 136.7 136.6 136.5 136.4 136.2 136.1 136.0 135.9 135.9 135.8 135.8 | 136.7 136.4 136.0 135.8 | 136.2
2004 | 135.7 135.7 135.7 135.7 135.7 135.7 135.7 135.7 135.8 135.8 135.9 136.0 | 135.7 135.7 135.7 135.9 | 135.7
2005 | 136.0 136.2 136.3 136.5 136.6 136.9 137.1 137.3 137.6 137.9 138.2 138.6 | 136.2 136.6 137.4 138.2 | 137.1
2006 | 138.9 139.2 139.5 139.9 140.2 140.5 140.8 141.1 141.3 141.6 | 139.2 140.2 141.1 |
| | |
Utilization | | |
(percent) | | |
1976 | 76.5 77.4 77.4 77.8 78.0 77.8 78.3 78.6 78.6 78.4 79.3 79.9 | 77.1 77.9 78.5 79.2 | 78.2
1977 | 79.4 80.6 81.6 82.3 82.7 83.1 82.9 83.2 83.1 83.1 82.9 83.6 | 80.6 82.7 83.1 83.2 | 82.4
| | |
1978 | 82.1 82.1 83.3 84.4 84.3 84.8 84.5 84.6 84.8 85.2 85.7 86.2 | 82.5 84.5 84.6 85.7 | 84.3
1979 | 85.2 85.4 85.6 84.0 84.8 84.7 84.6 83.3 83.3 83.3 82.9 83.0 | 85.4 84.5 83.7 83.1 | 84.2
1980 | 83.1 82.9 82.0 80.1 77.5 76.1 75.2 75.5 76.5 77.7 78.9 78.9 | 82.7 77.9 75.8 78.5 | 78.7
1981 | 78.4 77.7 77.8 77.9 78.2 77.6 77.6 77.5 77.0 76.0 75.0 73.6 | 78.0 77.9 77.4 74.8 | 77.0
1982 | 71.7 73.5 72.7 72.1 71.8 71.5 71.3 70.6 70.3 69.4 68.9 68.5 | 72.6 71.8 70.7 68.9 | 71.0
| | |
1983 | 70.1 69.9 70.6 71.4 72.3 72.8 73.9 74.4 75.8 76.6 76.8 76.9 | 70.2 72.2 74.7 76.8 | 73.5
1984 | 78.2 79.0 79.2 79.5 79.5 79.7 79.9 79.8 79.4 79.5 79.6 79.6 | 78.8 79.6 79.7 79.6 | 79.4
1985 | 79.1 78.6 79.0 78.5 78.4 78.3 77.7 78.0 77.9 77.6 77.9 78.2 | 78.9 78.4 77.9 77.9 | 78.3
1986 | 78.9 78.3 78.0 78.2 78.3 77.9 78.2 78.3 78.4 78.5 78.8 79.3 | 78.4 78.1 78.3 78.9 | 78.4
1987 | 78.9 79.9 79.7 79.9 80.4 80.5 80.9 81.1 81.4 82.5 82.9 83.2 | 79.5 80.3 81.1 82.9 | 80.9
| | |
1988 | 83.0 83.0 83.2 83.9 83.7 83.8 83.8 83.9 84.1 84.5 84.7 84.9 | 83.1 83.8 83.9 84.7 | 83.9
1989 | 85.4 84.4 84.2 84.1 83.2 83.2 82.1 82.6 82.2 81.9 81.9 81.8 | 84.7 83.5 82.3 81.9 | 83.1
1990 | 81.5 82.5 82.6 82.2 82.2 82.2 81.9 81.9 81.8 81.0 79.9 79.2 | 82.2 82.2 81.8 80.0 | 81.6
1991 | 78.4 77.7 77.1 77.2 77.7 78.4 78.5 78.6 79.3 79.0 78.7 78.5 | 77.7 77.8 78.8 78.8 | 78.3
1992 | 78.0 78.5 79.0 79.3 79.6 79.7 80.2 79.7 79.5 79.8 79.9 79.6 | 78.5 79.5 79.8 79.8 | 79.4
| | |
1993 | 80.3 80.3 80.0 80.3 80.1 79.9 80.1 79.9 80.2 80.8 80.9 81.3 | 80.2 80.1 80.0 81.0 | 80.3
1994 | 81.3 81.2 82.1 82.5 82.7 82.7 82.8 83.1 83.1 83.6 83.9 84.6 | 81.5 82.6 83.0 84.0 | 82.8
1995 | 84.6 84.2 84.0 83.5 83.1 83.1 82.2 82.7 83.1 82.6 82.3 82.1 | 84.3 83.2 82.7 82.3 | 83.1
1996 | 81.0 81.8 81.2 81.7 81.8 82.3 82.0 82.1 82.3 81.8 82.2 82.5 | 81.3 81.9 82.2 82.2 | 81.9
1997 | 82.1 82.8 83.3 82.5 82.7 82.7 82.4 83.2 83.3 83.4 83.8 83.6 | 82.8 82.6 83.0 83.6 | 83.0
| | |
1998 | 83.6 83.0 82.3 82.2 82.1 81.0 80.2 81.8 81.1 81.4 81.1 81.1 | 83.0 81.8 81.0 81.2 | 81.7
1999 | 81.0 81.2 80.8 80.7 81.1 80.5 80.5 80.7 80.0 80.9 81.1 81.4 | 81.0 80.7 80.4 81.1 | 80.8
2000 | 81.1 81.0 81.2 81.4 81.0 80.8 80.4 79.6 79.7 79.0 78.4 77.6 | 81.1 81.1 79.9 78.3 | 80.1
2001 | 76.9 76.2 75.7 75.3 74.6 73.9 73.5 72.9 72.5 71.9 71.6 71.7 | 76.3 74.6 73.0 71.7 | 73.9
2002 | 71.9 71.9 72.4 72.4 72.8 73.6 73.2 73.5 73.6 73.3 73.6 73.3 | 72.0 72.9 73.5 73.4 | 73.0
| | |
2003 | 73.7 73.8 74.1 73.5 73.5 74.0 74.1 74.0 74.6 74.5 75.3 75.2 | 73.9 73.6 74.2 75.0 | 74.2
2004 | 75.3 75.8 75.7 76.2 76.6 76.1 76.7 77.2 76.9 77.4 77.4 77.8 | 75.6 76.3 76.9 77.6 | 76.6
2005 | 78.2 78.6 78.3 78.4 78.7 78.9 78.8 79.0 78.1 79.2 79.7 79.8 | 78.4 78.7 78.6 79.6 | 78.8
2006 | 80.3 79.9 80.1 80.7 80.3 80.8 80.9 81.1 80.8 80.5 | 80.1 80.6 80.9 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> See footnote 2 to table 3.
1Table 8A
INDUSTRIAL PRODUCTION: Total Industry Excluding Selected High-Technology Industries <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <2>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1976 | 1.4 .9 .0 .6 .4 .0 .5 .6 .1 .0 1.5 1.0 | 12.2 4.5 4.3 6.8 | 7.4
1977 | -.6 1.4 1.2 .8 .7 .6 .2 .0 .4 .2 .0 .1 | 7.9 11.8 4.1 2.0 | 6.9
| | |
1978 | -1.4 .4 1.8 2.1 .3 .7 -.1 .3 .2 .8 .6 .5 | -2.0 16.3 2.6 6.6 | 4.7
1979 | -.8 .5 .3 -1.1 .7 -.1 -.3 -.8 .0 .5 -.2 .0 | .8 -1.3 -2.7 .3 | 2.1
1980 | .4 -.1 -.4 -2.1 -2.6 -1.3 -.7 .2 1.7 1.2 1.7 .5 | .6 -16.9 -6.9 15.9 | -3.6
1981 | -.7 -.6 .5 -.6 .7 .5 .6 -.1 -.7 -.9 -1.1 -1.2 | .0 .5 3.6 -9.6 | .6
1982 | -2.0 1.8 -.7 -.9 -.7 -.5 -.5 -.8 -.5 -.9 -.5 -.9 | -8.6 -5.8 -6.6 -8.1 | -6.0
| | |
1983 | 1.9 -.7 .8 1.1 .7 .5 1.4 1.2 1.3 .8 .2 .4 | 3.6 8.5 13.8 9.6 | 1.8
1984 | 2.0 .3 .4 .5 .4 .2 .2 .0 -.2 -.2 .3 .1 | 11.4 5.0 1.5 -.3 | 7.9
1985 | -.3 .5 .2 -.1 .1 .0 -.5 .4 .5 -.4 .3 1.1 | .9 1.1 -.2 2.6 | 1.0
1986 | .5 -.8 -.7 .0 .1 -.2 .3 -.2 .2 .4 .4 .8 | 2.3 -2.7 .5 4.0 | .9
1987 | -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 | 4.4 6.4 6.1 9.0 | 4.3
| | |
1988 | .0 .4 .2 .5 -.2 .2 .1 .5 -.4 .5 .2 .4 | 3.0 2.7 1.4 2.9 | 4.4
1989 | .3 -.5 .3 -.1 -.7 .0 -1.1 .9 -.3 -.2 .3 .7 | 1.8 -2.0 -3.3 1.0 | .6
1990 | -.7 .9 .4 -.2 .1 .2 -.2 .3 .1 -.8 -1.2 -.7 | 2.2 2.3 1.0 -6.5 | .3
1991 | -.5 -.8 -.6 .2 1.0 1.0 .0 .1 .9 -.2 -.2 -.5 | -8.1 2.2 5.4 .4 | -2.0
1992 | -.8 .7 .7 .6 .3 -.1 .8 -.6 .2 .6 .3 .0 | -1.9 6.1 1.8 2.9 | 1.9
| | |
1993 | .5 .3 -.1 .3 -.4 .2 .3 -.1 .4 .7 .3 .5 | 3.0 .4 1.6 5.1 | 2.5
1994 | .4 .0 .9 .3 .4 .6 .1 .3 .0 .6 .4 .9 | 4.2 5.4 3.3 5.5 | 4.0
1995 | .2 -.2 -.2 -.3 .0 .1 -.5 1.1 .1 -.5 .1 .2 | 3.0 -1.4 1.5 .4 | 2.4
1996 | -1.0 1.4 -.4 .8 .4 .7 -.5 .4 .4 -.2 .8 .5 | -.3 6.0 2.2 3.4 | 1.7
1997 | -.1 .8 .5 -.4 .3 .2 .3 1.0 .7 .7 .7 .2 | 5.0 2.1 6.0 8.3 | 4.2
| | |
1998 | .2 -.1 -.1 .2 .5 -.9 -.8 2.0 -.6 .5 -.3 .0 | 1.7 1.0 -.2 2.2 | 3.1
1999 | .2 .2 -.1 -.2 .6 -.5 .3 .4 -.5 1.2 .3 .6 | .9 .3 1.2 5.5 | 1.2
2000 | -.3 .0 .1 .4 .0 -.1 -.5 -.4 .4 -.6 -.2 -.5 | .7 1.7 -2.9 -3.0 | 1.1
2001 | -.7 -.5 -.4 -.1 -.6 -.4 -.3 -.3 -.5 -.6 -.5 -.1 | -6.4 -4.1 -4.3 -5.3 | -4.1
2002 | .7 .1 .8 .4 .4 .9 -.3 .1 .0 -.4 .3 -.6 | 2.9 6.1 1.7 -1.3 | .1
| | |
2003 | .5 .2 -.3 -.8 -.1 .2 .3 -.1 .5 -.1 .8 -.1 | 1.0 -4.0 1.7 2.7 | .2
2004 | .1 .6 -.6 .7 .6 -.8 .7 .2 -.2 .7 .2 .6 | 1.9 2.6 1.6 4.0 | 1.9
2005 | .2 .5 -.2 -.1 .3 .6 -.1 .2 -1.9 1.0 1.0 .8 | 3.8 1.5 -.5 3.0 | 2.5
2006 | -.1 .2 .4 .7 -.2 .8 .3 .1 -.7 .1 | 4.5 5.2 2.8 |
| | |
IP (2002=100) | | |
1976 | 65.0 65.6 65.6 66.0 66.2 66.2 66.5 67.0 67.0 67.1 68.1 68.7 | 65.4 66.1 66.8 68.0 | 66.6
1977 | 68.3 69.3 70.1 70.7 71.2 71.7 71.8 71.8 72.1 72.3 72.2 72.3 | 69.3 71.2 71.9 72.3 | 71.2
| | |
1978 | 71.3 71.6 72.9 74.4 74.6 75.1 75.0 75.2 75.3 75.9 76.4 76.8 | 71.9 74.7 75.2 76.4 | 74.5
1979 | 76.2 76.6 76.8 76.0 76.5 76.4 76.2 75.6 75.5 75.9 75.8 75.8 | 76.5 76.3 75.8 75.8 | 76.1
1980 | 76.1 76.0 75.7 74.1 72.2 71.2 70.7 70.9 72.0 72.9 74.2 74.6 | 75.9 72.5 71.2 73.9 | 73.4
1981 | 74.1 73.6 74.0 73.5 74.0 74.4 74.9 74.8 74.3 73.6 72.8 71.9 | 73.9 74.0 74.6 72.8 | 73.8
1982 | 70.5 71.8 71.2 70.6 70.0 69.7 69.4 68.8 68.5 67.9 67.6 66.9 | 71.2 70.1 68.9 67.5 | 69.4
| | |
1983 | 68.2 67.7 68.3 69.0 69.5 69.9 70.9 71.7 72.6 73.2 73.4 73.7 | 68.1 69.5 71.8 73.4 | 70.7
1984 | 75.2 75.4 75.7 76.1 76.4 76.6 76.7 76.7 76.5 76.4 76.6 76.7 | 75.4 76.3 76.6 76.6 | 76.2
1985 | 76.5 76.8 77.0 76.9 77.0 77.0 76.6 76.9 77.3 77.0 77.2 78.0 | 76.7 77.0 76.9 77.4 | 77.0
1986 | 78.5 77.8 77.3 77.3 77.4 77.3 77.5 77.3 77.5 77.8 78.1 78.7 | 77.9 77.3 77.4 78.2 | 77.7
1987 | 78.4 79.3 79.5 79.8 80.3 80.7 81.1 81.6 81.7 82.9 83.3 83.6 | 79.1 80.3 81.5 83.3 | 81.0
| | |
1988 | 83.6 83.9 84.1 84.5 84.4 84.5 84.6 85.0 84.7 85.1 85.3 85.7 | 83.9 84.4 84.7 85.4 | 84.6
1989 | 85.9 85.5 85.8 85.7 85.1 85.1 84.2 85.0 84.7 84.5 84.7 85.3 | 85.7 85.3 84.6 84.8 | 85.1
1990 | 84.7 85.4 85.8 85.6 85.7 85.9 85.8 86.0 86.1 85.5 84.4 83.8 | 85.3 85.8 86.0 84.6 | 85.4
1991 | 83.4 82.7 82.2 82.4 83.2 84.0 84.0 84.1 84.8 84.6 84.5 84.0 | 82.8 83.2 84.3 84.4 | 83.7
1992 | 83.4 84.0 84.6 85.1 85.3 85.2 85.9 85.4 85.5 86.1 86.3 86.3 | 84.0 85.2 85.6 86.2 | 85.3
| | |
1993 | 86.7 87.0 86.9 87.2 86.8 86.9 87.2 87.2 87.5 88.1 88.4 88.8 | 86.9 87.0 87.3 88.4 | 87.4
1994 | 89.1 89.0 89.8 90.1 90.4 91.0 91.0 91.3 91.4 91.9 92.3 93.2 | 89.3 90.5 91.2 92.5 | 90.9
1995 | 93.3 93.1 93.0 92.7 92.8 92.9 92.4 93.5 93.6 93.1 93.2 93.4 | 93.2 92.8 93.2 93.3 | 93.1
1996 | 92.5 93.7 93.4 94.1 94.5 95.1 94.7 95.1 95.4 95.2 96.0 96.4 | 93.2 94.6 95.1 95.9 | 94.7
1997 | 96.3 97.2 97.6 97.3 97.6 97.8 98.1 99.1 99.8 100.5 101.2 101.3 | 97.1 97.5 99.0 101.0 | 98.6
| | |
1998 | 101.5 101.4 101.3 101.6 102.1 101.2 100.5 102.5 101.9 102.4 102.0 102.1 | 101.4 101.7 101.6 102.2 | 101.7
1999 | 102.3 102.5 102.4 102.2 102.8 102.4 102.7 103.1 102.5 103.8 104.1 104.6 | 102.4 102.5 102.8 104.1 | 102.9
2000 | 104.3 104.3 104.4 104.8 104.8 104.7 104.2 103.8 104.2 103.6 103.4 102.8 | 104.3 104.8 104.0 103.2 | 104.1
2001 | 102.1 101.5 101.1 101.0 100.5 100.0 99.8 99.4 99.0 98.4 97.9 97.8 | 101.6 100.5 99.4 98.0 | 99.9
2002 | 98.5 98.5 99.3 99.7 100.1 101.0 100.6 100.7 100.7 100.3 100.6 100.0 | 98.8 100.2 100.7 100.3 | 100.0
| | |
2003 | 100.6 100.7 100.4 99.6 99.5 99.6 99.9 99.8 100.3 100.1 100.9 100.8 | 100.6 99.6 100.0 100.6 | 100.2
2004 | 100.9 101.6 100.9 101.6 102.3 101.5 102.1 102.3 102.1 102.8 103.1 103.7 | 101.1 101.8 102.2 103.2 | 102.1
2005 | 103.9 104.4 104.2 104.2 104.4 105.1 105.0 105.2 103.2 104.2 105.3 106.2 | 104.2 104.6 104.4 105.2 | 104.6
2006 | 106.1 106.3 106.8 107.6 107.4 108.3 108.6 108.8 108.0 108.1 | 106.4 107.7 108.5 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
<2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
1Table 8B
CAPACITY AND UTILIZATION: Total Industry Excluding Selected High-Technology Industries <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2002 output) | | |
1976 | 82.4 82.6 82.7 82.8 83.0 83.1 83.3 83.4 83.5 83.7 83.8 84.0 | 82.6 83.0 83.4 83.8 | 83.2
1977 | 84.2 84.3 84.5 84.7 84.9 85.1 85.3 85.5 85.7 85.9 86.1 86.4 | 84.3 84.9 85.5 86.1 | 85.2
| | |
1978 | 86.6 86.8 87.0 87.2 87.4 87.6 87.7 87.9 88.1 88.3 88.4 88.6 | 86.8 87.4 87.9 88.4 | 87.6
1979 | 88.7 88.9 89.0 89.2 89.3 89.5 89.6 89.7 89.9 90.0 90.1 90.3 | 88.9 89.3 89.7 90.1 | 89.5
1980 | 90.4 90.5 90.7 90.8 90.9 91.1 91.2 91.3 91.5 91.6 91.8 91.9 | 90.5 90.9 91.3 91.8 | 91.1
1981 | 92.0 92.2 92.3 92.5 92.6 92.8 92.9 93.1 93.3 93.4 93.6 93.7 | 92.2 92.6 93.1 93.6 | 92.9
1982 | 93.9 94.0 94.1 94.3 94.4 94.5 94.6 94.7 94.7 94.8 94.8 94.9 | 94.0 94.4 94.7 94.8 | 94.5
| | |
1983 | 94.9 94.9 94.9 94.8 94.8 94.8 94.8 94.8 94.8 94.7 94.8 94.8 | 94.9 94.8 94.8 94.8 | 94.8
1984 | 94.8 94.8 94.9 94.9 95.0 95.1 95.2 95.3 95.4 95.5 95.7 95.8 | 94.8 95.0 95.3 95.7 | 95.2
1985 | 96.0 96.2 96.3 96.5 96.7 96.9 97.0 97.2 97.3 97.5 97.6 97.8 | 96.2 96.7 97.2 97.6 | 96.9
1986 | 97.9 98.0 98.1 98.2 98.3 98.4 98.4 98.5 98.6 98.7 98.8 98.9 | 98.0 98.3 98.5 98.8 | 98.4
1987 | 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 99.8 99.9 99.9 100.0 | 99.1 99.4 99.7 99.9 | 99.5
| | |
1988 | 100.0 100.1 100.1 100.1 100.2 100.2 100.2 100.3 100.3 100.4 100.4 100.5 | 100.1 100.2 100.3 100.4 | 100.2
1989 | 100.6 100.7 100.9 101.0 101.1 101.3 101.4 101.6 101.7 101.9 102.1 102.2 | 100.7 101.1 101.6 102.1 | 101.4
1990 | 102.4 102.6 102.7 102.9 103.0 103.2 103.3 103.5 103.6 103.7 103.9 104.0 | 102.6 103.0 103.5 103.9 | 103.2
1991 | 104.2 104.3 104.4 104.6 104.7 104.8 105.0 105.1 105.2 105.3 105.4 105.5 | 104.3 104.7 105.1 105.4 | 104.9
1992 | 105.6 105.7 105.8 105.9 106.0 106.1 106.2 106.3 106.4 106.5 106.6 106.7 | 105.7 106.0 106.3 106.6 | 106.1
| | |
1993 | 106.8 106.8 106.9 107.0 107.1 107.2 107.3 107.4 107.5 107.6 107.7 107.8 | 106.8 107.1 107.4 107.7 | 107.2
1994 | 107.9 108.0 108.1 108.2 108.4 108.5 108.7 108.8 109.0 109.2 109.4 109.6 | 108.0 108.4 108.8 109.4 | 108.6
1995 | 109.8 110.0 110.2 110.5 110.7 110.9 111.2 111.4 111.6 111.8 112.0 112.3 | 110.0 110.7 111.4 112.0 | 111.0
1996 | 112.5 112.7 112.9 113.1 113.3 113.5 113.8 114.0 114.3 114.6 114.8 115.2 | 112.7 113.3 114.0 114.8 | 113.7
1997 | 115.5 115.8 116.2 116.6 116.9 117.4 117.8 118.2 118.6 119.1 119.5 119.9 | 115.8 117.0 118.2 119.5 | 117.6
| | |
1998 | 120.3 120.7 121.1 121.5 121.9 122.3 122.6 122.9 123.3 123.6 123.9 124.2 | 120.7 121.9 122.9 123.9 | 122.4
1999 | 124.5 124.8 125.1 125.4 125.6 125.9 126.2 126.4 126.7 126.9 127.1 127.3 | 124.8 125.6 126.4 127.1 | 126.0
2000 | 127.5 127.7 127.9 128.1 128.3 128.4 128.6 128.8 128.9 129.1 129.2 129.3 | 127.7 128.3 128.8 129.2 | 128.5
2001 | 129.5 129.6 129.7 129.9 130.0 130.1 130.3 130.4 130.5 130.7 130.8 130.9 | 129.6 130.0 130.4 130.8 | 130.2
2002 | 131.0 131.1 131.2 131.2 131.3 131.3 131.3 131.2 131.2 131.1 131.0 130.9 | 131.1 131.3 131.2 131.0 | 131.1
| | |
2003 | 130.7 130.6 130.5 130.4 130.2 130.1 130.0 130.0 129.9 129.9 129.9 129.9 | 130.6 130.2 130.0 129.9 | 130.2
2004 | 129.9 129.9 129.9 129.9 129.9 129.9 129.9 129.9 129.9 129.8 129.8 129.8 | 129.9 129.9 129.9 129.8 | 129.9
2005 | 129.7 129.7 129.7 129.7 129.6 129.7 129.7 129.7 129.8 129.9 130.0 130.1 | 129.7 129.7 129.7 130.0 | 129.8
2006 | 130.2 130.4 130.5 130.7 130.8 131.0 131.2 131.3 131.5 131.6 | 130.4 130.8 131.3 |
| | |
Utilization | | |
(percent) | | |
1976 | 78.9 79.5 79.4 79.7 79.8 79.7 79.9 80.3 80.3 80.2 81.2 81.8 | 79.2 79.7 80.2 81.1 | 80.0
1977 | 81.2 82.2 83.0 83.5 83.9 84.2 84.2 84.0 84.1 84.1 83.9 83.8 | 82.1 83.9 84.1 83.9 | 83.5
| | |
1978 | 82.4 82.5 83.8 85.3 85.4 85.8 85.5 85.5 85.5 86.0 86.4 86.7 | 82.9 85.5 85.5 86.4 | 85.1
1979 | 85.9 86.2 86.3 85.2 85.6 85.4 85.0 84.2 84.1 84.4 84.0 83.9 | 86.1 85.4 84.4 84.1 | 85.0
1980 | 84.1 84.0 83.5 81.6 79.4 78.2 77.5 77.6 78.8 79.6 80.8 81.1 | 83.9 79.7 78.0 80.5 | 80.5
1981 | 80.5 79.8 80.2 79.5 79.9 80.2 80.6 80.3 79.6 78.8 77.8 76.7 | 80.2 79.9 80.2 77.8 | 79.5
1982 | 75.1 76.3 75.7 74.8 74.2 73.8 73.4 72.7 72.3 71.6 71.3 70.6 | 75.7 74.3 72.8 71.1 | 73.5
| | |
1983 | 71.9 71.4 72.0 72.8 73.3 73.7 74.8 75.7 76.7 77.3 77.4 77.8 | 71.7 73.3 75.7 77.5 | 74.6
1984 | 79.3 79.5 79.8 80.1 80.4 80.5 80.6 80.5 80.2 79.9 80.1 80.0 | 79.5 80.4 80.4 80.0 | 80.1
1985 | 79.7 79.9 79.9 79.7 79.6 79.5 78.9 79.1 79.4 79.0 79.1 79.8 | 79.8 79.6 79.1 79.3 | 79.5
1986 | 80.2 79.4 78.8 78.8 78.8 78.6 78.8 78.5 78.6 78.8 79.1 79.6 | 79.5 78.7 78.6 79.2 | 79.0
1987 | 79.2 80.1 80.1 80.4 80.8 81.1 81.4 81.8 81.9 83.0 83.3 83.6 | 79.8 80.8 81.7 83.3 | 81.4
| | |
1988 | 83.6 83.9 84.0 84.4 84.2 84.3 84.4 84.8 84.4 84.8 84.9 85.2 | 83.8 84.3 84.5 85.0 | 84.4
1989 | 85.4 84.9 85.1 84.9 84.2 84.0 83.0 83.6 83.2 82.9 83.0 83.4 | 85.1 84.3 83.3 83.1 | 84.0
1990 | 82.7 83.3 83.5 83.2 83.2 83.3 83.0 83.1 83.1 82.4 81.2 80.5 | 83.2 83.2 83.1 81.4 | 82.7
1991 | 80.0 79.3 78.7 78.8 79.5 80.1 80.1 80.0 80.6 80.4 80.1 79.6 | 79.4 79.5 80.2 80.1 | 79.8
1992 | 79.0 79.4 79.9 80.4 80.5 80.3 80.9 80.3 80.4 80.8 81.0 80.9 | 79.4 80.4 80.5 80.9 | 80.3
| | |
1993 | 81.2 81.4 81.3 81.4 81.0 81.1 81.3 81.2 81.4 81.9 82.1 82.4 | 81.3 81.2 81.3 82.1 | 81.5
1994 | 82.6 82.5 83.1 83.2 83.5 83.8 83.8 83.9 83.8 84.2 84.4 85.0 | 82.7 83.5 83.8 84.5 | 83.6
1995 | 85.0 84.7 84.4 84.0 83.8 83.8 83.2 83.9 83.9 83.3 83.2 83.2 | 84.7 83.9 83.6 83.2 | 83.9
1996 | 82.2 83.2 82.7 83.2 83.4 83.8 83.2 83.4 83.5 83.1 83.6 83.8 | 82.7 83.4 83.4 83.5 | 83.3
1997 | 83.4 83.9 84.1 83.5 83.4 83.3 83.3 83.8 84.1 84.4 84.7 84.5 | 83.8 83.4 83.7 84.5 | 83.9
| | |
1998 | 84.3 84.0 83.6 83.6 83.8 82.8 82.0 83.3 82.6 82.8 82.4 82.2 | 84.0 83.4 82.7 82.5 | 83.1
1999 | 82.2 82.1 81.8 81.5 81.8 81.3 81.4 81.5 81.0 81.8 81.9 82.2 | 82.1 81.6 81.3 81.9 | 81.7
2000 | 81.8 81.7 81.6 81.8 81.7 81.5 81.0 80.6 80.8 80.2 80.0 79.5 | 81.7 81.7 80.8 79.9 | 81.0
2001 | 78.8 78.3 77.9 77.8 77.3 76.9 76.6 76.3 75.8 75.3 74.9 74.7 | 78.4 77.3 76.2 75.0 | 76.7
2002 | 75.2 75.2 75.7 75.9 76.2 76.9 76.7 76.7 76.8 76.5 76.8 76.4 | 75.3 76.4 76.7 76.6 | 76.3
| | |
2003 | 76.9 77.1 77.0 76.4 76.4 76.6 76.8 76.8 77.2 77.1 77.7 77.7 | 77.0 76.4 76.9 77.5 | 77.0
2004 | 77.7 78.2 77.7 78.2 78.7 78.1 78.6 78.8 78.6 79.2 79.4 79.9 | 77.9 78.4 78.7 79.5 | 78.6
2005 | 80.1 80.5 80.4 80.3 80.6 81.1 80.9 81.1 79.5 80.2 81.0 81.6 | 80.3 80.6 80.5 80.9 | 80.6
2006 | 81.5 81.5 81.8 82.3 82.1 82.7 82.8 82.9 82.2 82.1 | 81.6 82.3 82.6 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
1Table 9A
INDUSTRIAL PRODUCTION: Manufacturing <1> Excluding Selected High-Technology Industries <2>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <3>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1976 | 1.3 1.3 .1 .6 .4 .0 .6 .6 .0 .0 1.2 1.0 | 13.2 5.9 4.8 5.5 | 8.5
1977 | -.3 1.6 1.5 1.0 .7 .7 .1 .5 .1 .2 .0 1.1 | 9.9 13.5 4.5 3.2 | 7.7
| | |
1978 | -1.5 .2 1.6 1.6 .2 .7 -.2 .4 .4 .7 .8 .8 | -.4 13.4 3.1 7.8 | 5.2
1979 | -1.0 .4 .4 -1.6 1.2 .0 .0 -1.5 .1 .3 -.4 .2 | .5 -1.8 -2.5 -1.5 | 2.0
1980 | .3 -.2 -.9 -2.2 -3.2 -1.6 -1.0 .6 1.7 1.8 1.8 .2 | -.4 -20.1 -8.6 19.0 | -4.9
1981 | -.5 -.8 .4 .3 .6 -.5 .2 .0 -.6 -1.2 -1.2 -1.8 | -.5 2.1 -1.0 -11.4 | .1
1982 | -2.4 2.5 -.8 -.8 -.3 -.3 -.3 -.8 -.5 -1.2 -.8 -.6 | -10.3 -3.1 -4.9 -9.4 | -6.6
| | |
1983 | 2.4 -.2 .9 1.0 1.3 .7 1.3 .9 1.5 1.1 .2 .2 | 8.0 11.2 14.2 11.0 | 3.6
1984 | 1.8 .9 .4 .4 .1 .3 .3 .0 -.3 .4 .3 .3 | 11.4 4.4 2.0 1.9 | 8.4
1985 | -.5 -.3 .9 -.2 .1 .1 -.4 .6 .2 -.3 .6 .4 | -.2 1.7 .7 2.5 | 1.4
1986 | 1.2 -.7 -.3 .4 .1 -.2 .2 .2 .2 .3 .4 .8 | 4.7 -.3 1.2 4.3 | 2.2
1987 | -.5 1.4 .1 .4 .7 .3 .6 .3 .5 1.5 .5 .5 | 4.7 5.9 5.7 10.4 | 4.6
| | |
1988 | -.2 .2 .2 .8 -.2 .0 .0 .1 .3 .5 .3 .4 | 1.9 3.5 .5 4.6 | 4.4
1989 | .8 -1.1 -.1 .0 -.9 .1 -1.3 .9 -.3 -.3 .1 .1 | 2.0 -3.6 -4.0 -.4 | .4
1990 | -.3 1.4 .3 -.3 .1 .2 -.2 .3 -.1 -.8 -1.2 -.8 | 3.7 2.0 .3 -7.2 | .0
1991 | -.8 -.8 -.8 .4 .6 1.1 .3 .2 1.1 -.2 -.3 -.3 | -9.8 1.5 7.1 1.0 | -2.6
1992 | -.8 .8 .9 .4 .5 .1 .7 -.5 .0 .4 .3 -.2 | -1.2 6.9 2.6 1.5 | 2.6
| | |
1993 | 1.1 .0 -.3 .5 -.1 -.2 .3 -.2 .5 .7 .3 .5 | 3.8 .8 .6 5.7 | 2.6
1994 | .1 .0 1.2 .6 .5 .2 .3 .5 .1 .7 .6 .9 | 3.9 7.1 3.9 6.7 | 4.4
1995 | .2 -.3 -.1 -.4 -.2 .2 -.8 .9 .6 -.4 -.1 .1 | 3.0 -2.5 .3 .8 | 2.5
1996 | -1.2 1.3 -.5 1.0 .4 .8 -.1 .4 .5 -.4 .8 .7 | -1.7 6.8 4.1 3.2 | 1.5
1997 | -.2 1.0 .9 -.7 .5 .4 .1 1.3 .7 .6 .9 .2 | 6.0 2.6 6.6 8.8 | 4.9
| | |
1998 | .5 -.1 -.3 .4 .4 -1.1 -.9 2.4 -.7 .7 -.1 .2 | 3.0 .0 -.6 4.0 | 3.5
1999 | .0 .5 -.5 -.1 .8 -.7 .0 .6 -.5 1.4 .4 .4 | .9 .2 .4 6.9 | 1.4
2000 | -.3 -.1 .3 .3 -.4 .0 -.4 -.8 .4 -.6 -.6 -.9 | .5 .9 -3.5 -5.0 | .8
2001 | -.6 -.5 -.4 -.1 -.6 -.5 -.1 -.7 -.4 -.7 -.3 .1 | -7.5 -4.1 -4.7 -5.2 | -4.9
2002 | .5 .0 .8 .1 .6 1.0 -.5 .3 .0 -.6 .3 -.6 | 3.4 5.4 2.4 -2.0 | .1
| | |
2003 | .4 -.2 .2 -1.0 -.1 .5 .0 -.3 .7 -.2 1.0 -.3 | .1 -3.1 1.2 3.0 | .0
2004 | -.2 .6 -.2 .7 .6 -.7 .8 .6 -.4 .7 .0 .5 | 1.3 3.9 3.3 3.4 | 2.2
2005 | .4 .5 -.3 .0 .5 .3 -.1 .2 -1.1 1.4 .8 .4 | 4.1 1.6 .4 5.5 | 3.0
2006 | .8 -.3 .3 .8 -.4 .8 .3 .3 -.3 -.5 | 4.9 3.8 3.0 |
| | |
IP (2002=100) | | |
1976 | 62.9 63.8 63.8 64.2 64.5 64.5 64.9 65.3 65.3 65.3 66.1 66.8 | 63.5 64.4 65.2 66.1 | 64.8
1977 | 66.6 67.7 68.7 69.3 69.8 70.3 70.3 70.7 70.7 70.9 70.9 71.6 | 67.6 69.8 70.6 71.1 | 69.8
| | |
1978 | 70.6 70.7 71.8 73.0 73.2 73.7 73.6 73.9 74.2 74.7 75.3 75.9 | 71.1 73.3 73.9 75.3 | 73.4
1979 | 75.1 75.4 75.7 74.5 75.3 75.3 75.3 74.2 74.2 74.4 74.1 74.3 | 75.4 75.0 74.6 74.3 | 74.8
1980 | 74.5 74.4 73.7 72.1 69.8 68.6 68.0 68.4 69.5 70.7 72.0 72.2 | 74.2 70.2 68.6 71.7 | 71.2
1981 | 71.8 71.3 71.6 71.8 72.2 71.8 71.9 71.9 71.5 70.6 69.8 68.5 | 71.6 71.9 71.8 69.6 | 71.2
1982 | 66.8 68.5 68.0 67.4 67.2 67.0 66.8 66.3 66.0 65.3 64.7 64.4 | 67.8 67.2 66.4 64.8 | 66.6
| | |
1983 | 65.9 65.8 66.4 67.1 67.9 68.4 69.3 70.0 71.0 71.8 72.0 72.1 | 66.0 67.8 70.1 72.0 | 69.0
1984 | 73.4 74.1 74.3 74.6 74.7 74.9 75.2 75.2 74.9 75.2 75.4 75.7 | 73.9 74.7 75.1 75.5 | 74.8
1985 | 75.3 75.1 75.8 75.7 75.7 75.8 75.5 76.0 76.1 75.9 76.4 76.7 | 75.4 75.8 75.9 76.3 | 75.8
1986 | 77.7 77.1 76.9 77.2 77.2 77.1 77.2 77.4 77.5 77.8 78.1 78.7 | 77.2 77.2 77.4 78.2 | 77.5
1987 | 78.3 79.4 79.5 79.8 80.3 80.6 81.0 81.3 81.7 83.0 83.4 83.8 | 79.1 80.2 81.4 83.4 | 81.0
| | |
1988 | 83.6 83.8 84.0 84.6 84.4 84.5 84.5 84.5 84.8 85.3 85.5 85.9 | 83.8 84.5 84.6 85.6 | 84.6
1989 | 86.6 85.7 85.7 85.7 85.0 85.1 83.9 84.7 84.5 84.2 84.3 84.4 | 86.0 85.2 84.4 84.3 | 85.0
1990 | 84.2 85.3 85.6 85.4 85.4 85.6 85.4 85.6 85.6 84.8 83.8 83.1 | 85.0 85.5 85.5 83.9 | 85.0
1991 | 82.4 81.8 81.2 81.5 82.0 82.9 83.1 83.3 84.2 84.0 83.7 83.5 | 81.8 82.1 83.5 83.7 | 82.8
1992 | 82.8 83.5 84.2 84.6 85.0 85.1 85.8 85.3 85.3 85.7 85.9 85.7 | 83.5 84.9 85.5 85.8 | 84.9
| | |
1993 | 86.6 86.7 86.4 86.9 86.8 86.6 86.8 86.7 87.1 87.8 88.0 88.5 | 86.6 86.8 86.9 88.1 | 87.1
1994 | 88.6 88.6 89.6 90.1 90.6 90.7 91.0 91.5 91.6 92.2 92.7 93.6 | 88.9 90.5 91.3 92.8 | 90.9
1995 | 93.8 93.5 93.3 93.0 92.8 93.0 92.3 93.1 93.7 93.2 93.1 93.2 | 93.5 92.9 93.0 93.2 | 93.2
1996 | 92.1 93.4 92.9 93.8 94.2 95.0 94.9 95.3 95.7 95.3 96.1 96.7 | 92.8 94.3 95.3 96.0 | 94.6
1997 | 96.5 97.5 98.3 97.6 98.1 98.5 98.6 99.9 100.5 101.1 102.0 102.2 | 97.5 98.1 99.7 101.8 | 99.2
| | |
1998 | 102.7 102.6 102.2 102.6 103.0 101.9 101.0 103.4 102.7 103.4 103.3 103.5 | 102.5 102.5 102.4 103.4 | 102.7
1999 | 103.5 103.9 103.4 103.4 104.2 103.5 103.5 104.2 103.6 105.1 105.5 106.0 | 103.6 103.7 103.8 105.5 | 104.1
2000 | 105.6 105.5 105.8 106.2 105.7 105.8 105.4 104.5 104.9 104.3 103.7 102.8 | 105.7 105.9 104.9 103.6 | 105.0
2001 | 102.1 101.6 101.2 101.1 100.5 100.0 99.9 99.3 98.9 98.2 97.9 98.0 | 101.6 100.5 99.4 98.0 | 99.9
2002 | 98.6 98.6 99.4 99.4 100.0 101.0 100.6 100.8 100.9 100.3 100.5 99.9 | 98.8 100.2 100.8 100.2 | 100.0
| | |
2003 | 100.3 100.2 100.3 99.4 99.3 99.8 99.7 99.4 100.2 100.0 100.9 100.7 | 100.3 99.5 99.8 100.5 | 100.0
2004 | 100.5 101.1 100.9 101.6 102.2 101.5 102.4 102.9 102.6 103.3 103.3 103.9 | 100.8 101.8 102.6 103.5 | 102.2
2005 | 104.3 104.8 104.5 104.5 105.0 105.3 105.3 105.5 104.3 105.8 106.6 107.0 | 104.5 104.9 105.0 106.5 | 105.2
2006 | 107.9 107.5 107.8 108.7 108.3 109.2 109.5 109.8 109.4 108.9 | 107.7 108.7 109.6 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> See footnote 2 to table 3.
<2> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
<3> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
1Table 9B
CAPACITY AND UTILIZATION: Manufacturing <1> Excluding Selected High-Technology Industries <2>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2002 output) | | |
1976 | 81.7 81.8 81.9 82.1 82.2 82.3 82.5 82.6 82.8 82.9 83.1 83.3 | 81.8 82.2 82.6 83.1 | 82.4
1977 | 83.4 83.6 83.8 84.0 84.1 84.3 84.5 84.7 84.9 85.1 85.3 85.5 | 83.6 84.1 84.7 85.3 | 84.4
| | |
1978 | 85.7 85.9 86.1 86.3 86.5 86.7 86.9 87.1 87.2 87.4 87.6 87.8 | 85.9 86.5 87.1 87.6 | 86.8
1979 | 88.0 88.2 88.3 88.5 88.7 88.8 89.0 89.2 89.3 89.5 89.7 89.8 | 88.2 88.7 89.2 89.7 | 88.9
1980 | 90.0 90.2 90.3 90.5 90.7 90.8 91.0 91.2 91.4 91.6 91.8 91.9 | 90.2 90.7 91.2 91.7 | 90.9
1981 | 92.1 92.3 92.5 92.6 92.8 93.0 93.1 93.3 93.4 93.5 93.6 93.8 | 92.3 92.8 93.2 93.6 | 93.0
1982 | 93.9 94.0 94.1 94.2 94.3 94.3 94.4 94.5 94.5 94.5 94.5 94.5 | 94.0 94.3 94.5 94.5 | 94.3
| | |
1983 | 94.5 94.5 94.5 94.4 94.4 94.3 94.3 94.3 94.2 94.2 94.2 94.3 | 94.5 94.4 94.3 94.2 | 94.3
1984 | 94.3 94.3 94.4 94.5 94.6 94.7 94.8 95.0 95.1 95.3 95.4 95.6 | 94.3 94.6 95.0 95.5 | 94.8
1985 | 95.8 96.0 96.2 96.4 96.6 96.8 97.0 97.1 97.3 97.4 97.6 97.7 | 96.0 96.6 97.1 97.6 | 96.8
1986 | 97.8 97.9 98.0 98.1 98.2 98.3 98.4 98.5 98.6 98.7 98.8 98.9 | 97.9 98.2 98.5 98.8 | 98.3
1987 | 99.0 99.2 99.3 99.5 99.6 99.7 99.8 99.9 100.0 100.1 100.2 100.2 | 99.2 99.6 99.9 100.2 | 99.7
| | |
1988 | 100.3 100.3 100.3 100.3 100.4 100.4 100.4 100.4 100.5 100.6 100.7 100.8 | 100.3 100.4 100.5 100.7 | 100.4
1989 | 100.9 101.0 101.2 101.3 101.5 101.6 101.8 102.0 102.2 102.4 102.5 102.7 | 101.0 101.5 102.0 102.5 | 101.8
1990 | 102.9 103.1 103.2 103.4 103.6 103.7 103.9 104.0 104.2 104.3 104.5 104.6 | 103.1 103.6 104.0 104.5 | 103.8
1991 | 104.8 104.9 105.1 105.2 105.4 105.5 105.6 105.8 105.9 106.0 106.1 106.2 | 104.9 105.4 105.8 106.1 | 105.5
1992 | 106.3 106.4 106.5 106.6 106.8 106.9 107.0 107.1 107.2 107.3 107.5 107.6 | 106.4 106.8 107.1 107.5 | 106.9
| | |
1993 | 107.7 107.8 107.9 108.0 108.2 108.3 108.4 108.5 108.6 108.7 108.8 108.9 | 107.8 108.2 108.5 108.8 | 108.3
1994 | 109.0 109.1 109.3 109.4 109.5 109.7 109.9 110.0 110.2 110.4 110.6 110.8 | 109.2 109.5 110.0 110.6 | 109.8
1995 | 111.0 111.3 111.5 111.8 112.0 112.3 112.5 112.8 113.0 113.3 113.5 113.8 | 111.3 112.0 112.8 113.5 | 112.4
1996 | 114.0 114.3 114.5 114.8 115.0 115.3 115.5 115.8 116.1 116.4 116.7 117.1 | 114.3 115.0 115.8 116.7 | 115.5
1997 | 117.4 117.8 118.2 118.6 119.1 119.5 120.0 120.5 121.0 121.5 122.0 122.5 | 117.8 119.1 120.5 122.0 | 119.8
| | |
1998 | 122.9 123.4 123.9 124.3 124.7 125.1 125.5 125.9 126.3 126.7 127.0 127.4 | 123.4 124.7 125.9 127.0 | 125.3
1999 | 127.7 128.0 128.4 128.7 129.0 129.3 129.7 130.0 130.3 130.5 130.8 131.1 | 128.0 129.0 130.0 130.8 | 129.5
2000 | 131.4 131.6 131.9 132.1 132.3 132.6 132.8 133.0 133.2 133.3 133.5 133.7 | 131.6 132.3 133.0 133.5 | 132.6
2001 | 133.8 133.9 134.0 134.2 134.2 134.3 134.4 134.4 134.5 134.5 134.5 134.5 | 133.9 134.2 134.4 134.5 | 134.3
2002 | 134.5 134.5 134.5 134.5 134.5 134.4 134.3 134.3 134.2 134.1 134.0 133.9 | 134.5 134.5 134.3 134.0 | 134.3
| | |
2003 | 133.8 133.7 133.6 133.4 133.3 133.2 133.1 133.1 133.0 132.9 132.9 132.8 | 133.7 133.3 133.1 132.9 | 133.2
2004 | 132.8 132.7 132.7 132.7 132.7 132.7 132.6 132.6 132.6 132.6 132.6 132.6 | 132.8 132.7 132.6 132.6 | 132.7
2005 | 132.6 132.6 132.7 132.7 132.8 132.8 132.9 133.0 133.1 133.3 133.4 133.6 | 132.6 132.8 133.0 133.4 | 133.0
2006 | 133.7 133.9 134.0 134.2 134.3 134.5 134.7 134.8 135.0 135.1 | 133.9 134.3 134.8 |
| | |
Utilization | | |
(percent) | | |
1976 | 77.1 78.0 77.9 78.3 78.5 78.3 78.7 79.0 78.9 78.7 79.6 80.2 | 77.6 78.4 78.9 79.5 | 78.6
1977 | 79.8 80.9 82.0 82.6 83.0 83.3 83.2 83.4 83.3 83.3 83.1 83.8 | 80.9 83.0 83.3 83.4 | 82.6
| | |
1978 | 82.4 82.3 83.4 84.6 84.6 85.1 84.7 84.9 85.0 85.4 85.9 86.4 | 82.7 84.8 84.9 85.9 | 84.6
1979 | 85.4 85.5 85.7 84.1 84.9 84.8 84.6 83.2 83.1 83.2 82.7 82.7 | 85.5 84.6 83.6 82.8 | 84.1
1980 | 82.8 82.5 81.6 79.7 77.0 75.6 74.7 75.0 76.1 77.3 78.5 78.5 | 82.3 77.4 75.2 78.1 | 78.3
1981 | 78.0 77.3 77.4 77.5 77.8 77.3 77.3 77.1 76.5 75.5 74.5 73.1 | 77.5 77.5 77.0 74.4 | 76.6
1982 | 71.2 72.9 72.2 71.6 71.3 71.1 70.8 70.2 69.9 69.0 68.5 68.1 | 72.1 71.3 70.3 68.5 | 70.6
| | |
1983 | 69.7 69.6 70.3 71.1 72.0 72.5 73.5 74.2 75.4 76.2 76.4 76.5 | 69.9 71.9 74.4 76.4 | 73.1
1984 | 77.8 78.5 78.7 79.0 79.0 79.1 79.3 79.2 78.8 79.0 79.0 79.2 | 78.4 79.0 79.1 79.1 | 78.9
1985 | 78.6 78.3 78.8 78.5 78.4 78.3 77.9 78.2 78.2 77.9 78.3 78.5 | 78.6 78.4 78.1 78.2 | 78.3
1986 | 79.4 78.8 78.4 78.7 78.7 78.4 78.5 78.6 78.7 78.8 79.0 79.6 | 78.9 78.6 78.6 79.1 | 78.8
1987 | 79.1 80.1 80.0 80.2 80.7 80.8 81.2 81.4 81.7 82.9 83.3 83.6 | 79.7 80.6 81.4 83.2 | 81.2
| | |
1988 | 83.4 83.5 83.7 84.3 84.1 84.2 84.1 84.2 84.4 84.8 85.0 85.3 | 83.5 84.2 84.2 85.0 | 84.3
1989 | 85.9 84.9 84.7 84.6 83.7 83.7 82.4 83.0 82.7 82.2 82.2 82.2 | 85.2 84.0 82.7 82.2 | 83.5
1990 | 81.8 82.8 82.9 82.6 82.5 82.5 82.2 82.3 82.1 81.3 80.2 79.5 | 82.5 82.5 82.2 80.3 | 81.9
1991 | 78.7 77.9 77.2 77.4 77.8 78.6 78.7 78.7 79.5 79.3 78.9 78.6 | 78.0 77.9 79.0 78.9 | 78.4
1992 | 77.9 78.4 79.0 79.3 79.6 79.7 80.2 79.7 79.6 79.8 80.0 79.7 | 78.4 79.5 79.8 79.8 | 79.4
| | |
1993 | 80.4 80.4 80.1 80.4 80.2 80.0 80.1 79.9 80.2 80.7 80.9 81.2 | 80.3 80.2 80.1 81.0 | 80.4
1994 | 81.2 81.2 82.0 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.8 84.5 | 81.5 82.6 83.0 83.9 | 82.8
1995 | 84.4 84.0 83.7 83.2 82.9 82.9 82.0 82.6 82.9 82.3 82.0 81.9 | 84.0 83.0 82.5 82.1 | 82.9
1996 | 80.8 81.7 81.1 81.7 81.9 82.4 82.2 82.3 82.4 81.9 82.3 82.6 | 81.2 82.0 82.3 82.3 | 81.9
1997 | 82.2 82.8 83.2 82.3 82.4 82.4 82.1 82.9 83.1 83.2 83.6 83.5 | 82.7 82.4 82.7 83.4 | 82.8
| | |
1998 | 83.5 83.1 82.5 82.6 82.6 81.4 80.5 82.1 81.3 81.6 81.3 81.2 | 83.1 82.2 81.3 81.4 | 82.0
1999 | 81.0 81.2 80.6 80.3 80.7 80.0 79.8 80.2 79.5 80.5 80.7 80.8 | 80.9 80.3 79.8 80.7 | 80.4
2000 | 80.4 80.2 80.3 80.4 79.9 79.8 79.3 78.6 78.8 78.2 77.7 76.9 | 80.3 80.0 78.9 77.6 | 79.2
2001 | 76.3 75.8 75.5 75.4 74.9 74.5 74.4 73.8 73.5 73.0 72.8 72.9 | 75.9 74.9 73.9 72.9 | 74.4
2002 | 73.3 73.3 73.9 73.9 74.4 75.2 74.8 75.1 75.2 74.8 75.0 74.6 | 73.5 74.5 75.0 74.8 | 74.5
| | |
2003 | 75.0 74.9 75.1 74.5 74.4 74.9 74.9 74.7 75.3 75.2 76.0 75.8 | 75.0 74.6 75.0 75.7 | 75.1
2004 | 75.7 76.2 76.0 76.6 77.1 76.5 77.2 77.6 77.3 77.9 77.9 78.3 | 76.0 76.7 77.4 78.1 | 77.0
2005 | 78.7 79.0 78.8 78.7 79.1 79.3 79.2 79.3 78.4 79.4 79.9 80.1 | 78.8 79.0 79.0 79.8 | 79.2
2006 | 80.7 80.3 80.5 81.0 80.6 81.2 81.3 81.4 81.1 80.6 | 80.5 80.9 81.3 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from August 2006 through October 2006 are subject to further revision in the upcoming monthly releases.
<1> See footnote 2 to table 3.
<2> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
1Table 10
ANNUAL PROPORTIONS IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Item | NAICS | 1998 1999 2000 2001 2002 2003 2004 2005
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |
Total IP | | 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
| |
MARKET GROUPS | |
Final products and nonindustrial supplies | | 58.1 57.6 57.6 59.1 58.9 58.3 57.3 57.5
Consumer goods | | 28.1 28.2 28.6 30.1 31.1 31.1 30.4 30.3
Durable | | 7.9 8.0 7.9 8.1 8.9 8.7 8.0 7.5
Automotive products | | 3.7 3.9 3.7 4.0 4.7 4.6 4.0 3.6
Home electronics | | .4 .4 .4 .4 .4 .4 .4 .4
Appliances, furniture, carpeting | | 1.4 1.4 1.4 1.4 1.4 1.4 1.3 1.3
Miscellaneous goods | | 2.4 2.4 2.4 2.3 2.4 2.3 2.2 2.2
Nondurable | | 20.2 20.2 20.7 22.0 22.2 22.4 22.5 22.8
Non-energy | | 16.9 16.7 16.9 18.2 18.3 18.1 17.4 17.0
Foods and tobacco | | 9.2 9.2 9.4 10.0 9.8 9.8 9.5 9.3
Clothing | | 1.5 1.4 1.2 1.1 .9 .8 .7 .6
Chemical products | | 3.8 3.8 3.9 4.5 5.0 5.0 4.9 4.8
Paper products | | 1.9 1.9 1.9 2.0 2.0 1.9 1.9 1.8
Energy | | 3.2 3.5 3.7 3.8 3.9 4.3 5.1 5.8
| |
Business equipment | | 12.2 11.8 11.6 11.1 10.1 9.6 9.4 9.4
Transit | | 2.5 2.3 2.0 2.0 1.8 1.6 1.6 1.7
Information processing | | 4.0 4.0 4.0 3.7 3.0 2.9 2.8 2.7
Industrial and other | | 5.8 5.5 5.6 5.4 5.3 5.1 4.9 4.9
Defense and space equipment | | 1.9 1.8 1.5 1.8 1.8 1.8 1.7 1.7
| |
Construction supplies | | 4.3 4.3 4.3 4.3 4.3 4.3 4.3 4.4
Business supplies | | 11.2 11.1 11.2 11.2 11.2 11.1 11.0 11.1
| |
Materials | | 41.9 42.4 42.4 40.9 41.1 41.7 42.7 42.5
Non-energy | | 33.3 33.1 32.3 30.9 30.7 30.2 30.2 29.8
Durable | | 21.4 21.4 20.9 19.6 19.1 18.7 18.6 18.3
Consumer parts | | 4.2 4.4 4.1 3.8 4.0 3.8 3.6 3.4
Equipment parts | | 8.1 8.1 8.1 7.3 6.7 6.5 6.4 6.2
Other | | 9.1 9.0 8.6 8.4 8.4 8.3 8.6 8.7
Nondurable | | 11.9 11.7 11.4 11.3 11.6 11.5 11.6 11.5
Textile | | 1.0 1.0 .9 .8 .8 .8 .7 .6
Paper | | 2.8 2.9 2.8 2.8 2.7 2.5 2.4 2.3
Chemical | | 4.6 4.5 4.3 4.2 4.5 4.7 5.2 5.3
Energy | | 8.6 9.3 10.1 10.1 10.4 11.5 12.5 12.7
| |
| |
INDUSTRY GROUPS | |
Manufacturing | | 86.4 85.8 84.5 84.1 83.9 82.5 81.5 80.9
Manufacturing (NAICS) | | 81.8 81.0 79.7 79.2 79.0 77.9 77.0 76.6
| |
Durable manufacturing | | 47.1 46.6 45.5 44.2 43.4 42.3 41.0 40.2
Wood products | 321 | 1.5 1.6 1.5 1.4 1.5 1.6 1.6 1.5
Nonmetallic mineral products | 327 | 2.3 2.3 2.2 2.3 2.3 2.2 2.2 2.3
Primary metal | 331 | 2.9 2.8 2.5 2.3 2.3 2.4 2.8 2.8
Fabricated metal products | 332 | 6.1 6.0 6.1 5.9 5.7 5.6 5.4 5.4
Machinery | 333 | 6.2 5.8 6.0 5.6 5.3 5.0 4.9 4.9
Computer and electronic products | 334 | 10.2 10.3 10.3 9.1 8.0 7.9 7.8 7.4
Electrical equip., appliances, | |
and components | 335 | 2.6 2.5 2.5 2.4 2.2 2.0 2.0 1.9
Motor vehicles and parts | 3361-3 | 6.6 7.0 6.6 6.5 7.5 7.3 6.5 5.9
Aerospace and miscellaneous | |
transportation equipment | 3364-9 | 4.1 3.8 3.3 3.8 3.6 3.3 3.1 3.3
Furniture and related products | 337 | 1.7 1.7 1.7 1.7 1.8 1.7 1.6 1.6
Miscellaneous | 339 | 2.8 2.8 2.9 3.1 3.3 3.3 3.1 3.2
| |
Nondurable manufacturing | | 34.7 34.4 34.2 35.0 35.6 35.6 36.0 36.4
Food, beverage, and tobacco products | 311,2 | 10.6 10.4 10.7 11.4 11.4 11.5 11.1 10.8
Textile and product mills | 313,4 | 1.6 1.5 1.4 1.4 1.4 1.3 1.2 1.1
Apparel and leather | 315,6 | 1.6 1.4 1.3 1.2 1.0 .9 .7 .7
Paper | 322 | 3.2 3.2 3.2 3.1 3.1 2.9 2.8 2.6
Printing and support | 323 | 2.6 2.6 2.6 2.6 2.4 2.3 2.1 2.0
Petroleum and coal products | 324 | 1.5 1.7 1.9 1.8 1.8 2.2 3.3 4.2
Chemical | 325 | 9.9 9.6 9.4 9.8 10.8 10.9 11.4 11.5
Plastics and rubber products | 326 | 3.7 3.8 3.7 3.7 3.8 3.7 3.5 3.4
| |
Other manufacturing (non-NAICS) | 1133,5111 | 4.7 4.8 4.9 4.9 4.8 4.6 4.5 4.3
| |
Mining | 21 | 4.8 5.5 6.5 6.4 6.4 7.5 8.7 9.2
Utilities | 2211,2 | 8.7 8.7 9.0 9.5 9.7 9.9 9.8 9.9
Electric | 2211 | 7.6 7.4 7.6 8.1 8.3 8.3 8.1 8.1
Natural gas | 2212 | 1.2 1.2 1.4 1.4 1.4 1.6 1.7 1.7
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note. The IP proportion data are estimates of the industries' relative contributions to the overall IP change between the reference
year and the following year. For example, a 1 percent increase in durable goods manufacturing between 2005 and 2006 would
account for a .402 percent increase in total IP.
1
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 at
www.federalreserve.gov/releases/G17 at the Board's World Wide Web
site. In addition, files containing data shown in the release, more detailed
series that were published in the G.17 prior to December 2000, and
historical data are available at the Board's Web site. Instructions for
searching for and downloading specific series are provided as well. For
paid access to the data files through the Department of Commerce's
Economic Bulletin Board or World Wide Web site, please call STAT-USA
at 1-800-STAT-USA or 202-452-1986. Diskettes containing historical
data and the data published in this release also are available from the
Board of Governors of the Federal Reserve System, Publications Services,
202-452-3245.
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 2002. Manufacturing consists of those
industries included in the North American Industry Classification System,
or NAICS, definition of manufacturing plus those industries-logging and
newspaper, periodical, book and directory publishing-that have
traditionally been considered to be manufacturing and included in the
industrial sector. For the period since 1997, the total IP index has been
constructed from 300 individual series based on the 2002 North American
Industrial Classification System (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.html).
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 or sales and unit values) 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 data on physical 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 Federal Reserve Bulletin
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 the geometric mean of the change in output
(I), and, as can be seen below, is computed using the unit value added
estimate for the current month (pm) and the estimate for previous month:
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 8 percent. If output in this industry increased 10 percent in a month,
then this gain would boost growth in total IP by 8/10 percentage point
(0.08 x 10% = 0.8%). 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/ipweights.sa).
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
three months as new source data become available. (Revised estimates are
denoted by the superscript "r" in tables.) For the first estimate of output
for a given month, about 70 percent of the source data (in value-added
terms) are available; the fraction of available source data increases to about
85 percent for estimates in the second month that the estimate is published,
96 percent in the third month, and 97 percent in the fourth month. Data
availability by data type is summarized in the table below:
Availability of Monthly IP Data in Publication Window(Percent of value added in 2004)
Month of estimate
Type of data 1st 2nd 3rd 4th
Physical product 25 40 51 52
Production-worker hours 45 45 45 45
IP data received 70 85 96 97
IP data estimated 30 15 4 3
NOTE-The physical product group includes series based on either
monthly or quarterly data. As can be seen in the first line of the table, in
the first month, a physical product indicator is available for about half of
the series (in terms of value added) that ultimately are based on physical
product data (25 percent out of total of 52 percent). Of the 25 percent,
about two-thirds (17 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 third estimate of industrial production. Specifically, quarterly data
are available for the second estimate of the last month of a quarter, the
third estimate of the second month of a quarter, and the fourth estimate of
the first month of a quarter. About 3 percent of the source data for
monthly IP-all physical product measures-are available too late for
direct inclusion in the current index and are incorporated at the time of an
annual historical revision.
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 September
2005; for other series, the factors were estimated with data through at least
June 2005. Series are pre-adjusted for the effects of holidays or the
business cycle 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 1987-2004 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 1987-2004 period. In most cases (about
86 percent), the direction of 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 85 detailed industries (67
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,
or NAICS, definition of manufacturing plus those industries-logging and
newspaper, periodical, book and directory publishing-that have
traditionally been considered to be manufacturing and included in the
industrial sector. Also, special aggregates are available, such as high-tech
industries and manufacturing excluding high-tech 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 21 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 Survey of Plant Capacity (SPC); these industries
account for a bit less than 75 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 4 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/cap_notes.html).
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 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 SPC
(currently the primary source of factory operating rates) 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 SPC.
Perspective. Over the 1972-2004 period, the average total industry
utilization rate is 81.0 percent; for manufacturing, the average factory
operating rate has been 79.8 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.
References and Release Dates
References. The annual revision published in November 2005 will be
described in an article published in an upcoming Federal Reserve Bulletin.
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/capital_stock_doc-latest.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).
Release Schedule
At 9:15 a.m. on
2005: January 14, February 16, March 16, April 15, May 17, June 15,
July 15, August 16, September 14, October 14, November 17, and
December 15.
2006: January 17, February 15, March 17, April 14, May 16, June 15,
July 17, August 16, September 15, October 17, November 16, and
December 15.