1 FEDERAL RESERVE STATISTICAL RELEASE
G.17 (419) 2015 Historical and Annual Revision For release at 10:00 a.m. (EDT)
July 21, 2015
Industrial Production and Capacity Utilization: The 2015 Annual Revision
The Federal Reserve has revised its index of industrial production (IP) and the related measures of
capacity and capacity utilization.1 Total IP is now reported to have increased slightly less than 2-1/2
percent per year, on average, from 2011 through 2013 before advancing about 4-1/2 percent in 2014 and
falling back somewhat in the first half of 2015.2 Relative to earlier reports, the current rates of change
are lower--especially for 2012 and 2013. For the most recent recession, total IP still shows a
peak-to-trough decline of about 17 percent, and the dates for the peak and trough are unaltered. However,
the lower rates of change for recent years indicate that the recovery in the industrial sector since the
trough has been slower than reported earlier. Total IP is now estimated to have returned to its
pre-recession peak in May 2014, seven months later than previously estimated.
This revision advanced the base year for the IP index and incorporated newly available annual data on
output and prices. The base year for IP was advanced from 2007 to 2012, which raised the level of the
index in all periods. The updated IP indexes incorporated new detailed data for manufacturing from the
U.S. Census Bureau's 2012 Economic Census and 2013 Annual Survey of Manufactures (ASM) as well as revised
data from the 2011 ASM. For publishing, the IP indexes folded in data for 2013 from the Census Bureau's
Service Annual Survey. In addition, the indexes were updated with annual data for 2014 from the Department
of the Interior's U.S. Geological Survey (USGS) for metallic and nonmetallic minerals. Data on prices from
the Bureau of Labor Statistics (BLS) were also incorporated.
The monthly estimates of production were updated to include late-arriving or revised monthly or
quarterly indicator data (either outputs from or inputs to production), and they also now reflect
recalculations of seasonal factors. In addition, new high-frequency indicators were incorporated for a few
production indexes.
Capacity utilization rates were revised down for recent years. In the second quarter of 2015,
capacity utilization stood at 77.8 percent, a rate more than 2 percentage points below its long-run
(1972-2014) average. Relative to earlier estimates, utilization for total industry is about 3/4 percentage
point lower in the fourth quarters of 2012 and 2014 and about 1-1/2 percentage point lower in the fourth
quarter of 2013. The lower estimates for utilization reflected revisions to both industrial production and
capacity. Utilization was revised downward as a result of the weaker industrial production estimates.
Lower estimates for capacity, however, tempered the downward revision to utilization.
The revised estimates of capacity and capacity utilization incorporated data for the manufacturing sector
from the Census Bureau's Quarterly Survey of Plant Capacity Utilization for the fourth quarter of 2014,
along with new data on capacity primarily for the energy and mining sectors from the USGS, the U.S.
Department of Energy, and other organizations. The revised estimates also include new data on capital
spending from the 2012 Economic Census. Capital expenditures data from the 2013 ASM are not yet available.
RESULTS OF THE REVISION
The tables show the summary statistics for the annual revision. Tables 1A and 1B present the
monthly, quarterly, and annual average index levels for total IP and for total capacity and capacity
utilization for January 1985 through June 2015, along with the percent changes in total IP. Tables 2 and 3
show the revised rates of change in IP from 2011 through the first half of 2015 for market groups, industry
groups, special aggregates, and selected detail. Table 4 shows the annual rates of change for total IP and
for major market and industry groups for 2010 through 2014. Table 5 presents the revised rates of change
in capacity by industry groups for 2011 through the first half of 2015. Tables 2 through 5 also show the
differences between the revised and previous estimates of the rates of change. Table 6 contains the
revised capacity utilization rates for the fourth quarters of 2011 through 2014; it also shows the
differences between the revised and previous estimates. Table 7 reports revised semiannual rates of change
for IP for the second half of 2010 through the first half of 2015. Table 8 contains revised capacity
utilization rates for the second and fourth quarters from the fourth quarter of 2012 through the second
quarter of 2015. Tables 9A, 9B, 10A, 10B, 11A, and 11B report the revised production, capacity, and
utilization measures for manufacturing, total industry excluding selected high-technology industries, and
manufacturing excluding selected high-technology industries. Table 12 displays the annual proportions in
IP by market and industry groups for 2007 through 2014. Table 13 reports revised IP indexes for the major
market and industry groups for the previous six months; and it also reports revised capacity utilization
rates for the same period. Table 14 shows price indexes for data networking equipment for 2001 through
2013.
Industrial Production
Revisions to the changes in total IP show lower rates of change in recent years than were previously
estimated (figure 1 and tables 2 and 7).3 After having declined sharply during the recession, total IP is
still reported to have rebounded strongly in 2010 and then to have increased moderately in each year from
2011 to 2013; industrial production advanced solidly in 2014 and fell back somewhat in the first half of
2015. However, the gains in 2012 and 2013 are each 1 percentage point weaker than previously stated,
putting the trajectory of the recovery on a lower path. As currently reported, total IP did not return to
its pre-recession peak until May 2014; previously, it was estimated to have reached that level in October
2013.
On net, the revision resulted in lower estimates for manufacturing IP and higher estimates for mining IP
than previously reported; the estimates for utilities are little revised. In particular, manufacturing
output is currently reported to have increased only about 1-1/2 percent, on average, in 2012 and 2013,
whereas it was previously stated to have averaged gains of more than 3 percent over those two years.4 As
currently reported, manufacturing IP had not yet recovered to its pre-recession peak by June 2015; indeed,
it was more than 4 percent below that level. Prior to the revision, manufacturing IP was reported to have
returned to its pre-recession level by November 2014. In contrast, increases in the extraction of crude
oil and natural gas have boosted the index for mining in recent years, and the revised estimates show even
stronger rates of change for 2012 through 2014 than reported earlier.
Production by Industry Group
The rates of increase in manufacturing from 2011 through the first half of 2015 are now lower than
reported earlier, particularly for 2012 and 2013, the years for which the majority of benchmark data became
available. Since 2011, the output indexes for both durables and nondurables are now stated to have moved
up more modestly than previously reported, and lower rates of change were widespread across industries.
The production of durables is currently estimated to have risen about 3-1/2 percent in 2012 and just
over 2 percent in 2013; previously, it was stated to have advanced about 6 percent and 5 percent,
respectively. For 2014, the index for durable manufacturing is now reported to have moved up about 5
percent, a solid rate by historical standards but still a lower gain than previously recorded. The output
of durables has edged down so far in 2015.
Within durables, most industry groups posted gains in output for most years since 2011.
Nevertheless, by mid-2015, the indexes for many major categories of durables were still below their
pre-recession levels. Relative to earlier estimates, with the exception of furniture, the gains in each
industry group over this period are now reported to be, on net, lower than those stated earlier. In
particular, the contours for fabricated metal products; machinery; computer and electronic products,
electrical equipment, appliances, and components; and miscellaneous manufacturing show much slower gains
than previously reported.
The output of selected high-technology industries moved up 8.0 percent in 2011 and 9.8 percent in
2012 before recording only modest gains the next two years and falling back so far in 2015 (table 3).
Relative to previous estimates, the increase in high-tech output is now smaller in recent years, especially
in 2012 but also in 2013 and 2014. The downward revisions largely arose, on net, from weaker production of
semiconductors, which more than outweighed a substantial upward revision to computers and peripheral
equipment.
The output of nondurable manufacturing industries declined sharply during the recession and has
increased only modestly, on net, since then. The index moved up less than 1/2 percent per year, on
average, in 2011, 2012, and 2013 before increasing about 2-1/2 percent in 2014 and about 1-1/2 percent in
the first half of 2015. With this revision, the rates of increase for recent years are now lower than
reported earlier. Other than the indexes for food, for petroleum and coal products, and for plastics and
rubber products, the indexes for major nondurables industries remain well below their pre-recession peaks.
Relative to the previously published estimates, the contour for output in recent years is lower for food,
for apparel and leather, and for chemicals, and it is higher for paper and for petroleum and coal products.
The output index for industries not in the scope of manufacturing under the North American Industry
Classification System (NAICS)--that is, logging and publishing--fell in every year from 2010 to 2014 and in
the first half of 2015. The decrease in 2013 is now somewhat less than previously reported as a result of
new benchmark data from the Service Annual Survey.
The production index for mining registered considerable gains in the period from 2011 through 2014
owing to strong increases in oil and natural gas extraction over this period. Although the index fell back
in the first half of 2015, it remained at a high level by historical standards. Rates of change in the
output of utilities are very similar to previous reports.
Production by Market Group
The production index for final products and nonindustrial supplies fell substantially during the most
recent recession, and then it rose between about 1-1/4 percent and 1-3/4 percent in each of 2011, 2012, and
2013 before advancing more strongly in 2014; the output of this market group has fallen back somewhat in
the first half of 2015 (table 2). The post-recession recovery for final products and nonindustrial
supplies is now reported to be weaker than earlier estimates suggested. Relative to previous reports, the
gains in the index for recent years--especially for 2012 and 2013--are now stated to have been smaller, and
the decline in 2015 so far is less steep. In June 2015, the index was about 5 percent below its
pre-recession peak.
The index for consumer goods now shows a weaker post-recession recovery than was previously
estimated. As currently stated, the output of consumer goods declined in 2012 and moved up in each year
since. Previously, output was reported to have advanced in 2012, and the rates of increase for overall
consumer goods in 2011, 2013, and 2014 are now reported to be lower than estimated earlier. These lower
rates of change were widespread across categories of durables and nondurables. The level of the index for
consumer goods in June 2015 is now reported to be more than 7 percent below its pre-recession peak, whereas
previously it was estimated to be only about 2 percent below its pre-recession peak.
Following a sharp decline during the recession, the index for business equipment rose substantially
through 2012, receded a bit in 2013, and then recorded a sizable gain in 2014 before declining again in the
early part of this year. Relative to earlier reports, output in 2013 was considerably weaker as a result
of lower production across all major components of business equipment: transit, information processing,
and industrial and other equipment. Still, the gains in other recent years were strong enough that, by
mid-2015, each of the major components had either fully or nearly retraced its recession-era decline.
The production of defense and space equipment is now estimated to have been much lower in recent
years than reported earlier. The index was little changed, on net, over the 2011-12 period, but it
declined sharply in 2013 and has recovered only a small amount of that decline since then. Previously, the
output of defense and space equipment was estimated to have moved up in 2011, 2012, and 2013.
The index for construction supplies has advanced solidly in recent years but stepped back a bit at
the beginning of 2015. Production expanded between about 2 and 5 percent in each year from 2011 to 2014.
Notwithstanding these gains, the index in June 2015 had recovered only about half of its recession-period
decline of 33 percent. Compared with the index for construction supplies, the index for business supplies
declined less steeply during the recession and rebounded less sharply during the recovery, and its most
recent reading was about 5 percent below its pre-recession peak.
The output of materials has recovered strongly since the recession; however, as currently estimated,
the recovery is not quite as strong as previously estimated. Still, by mid-2015, it stood about 10 percent
above its pre-recession peak. The production of materials advanced, on average, just under 3-1/2 percent
over the 2010-12 period; output moved up more rapidly in 2014 and has fallen back somewhat in the first
half of 2015.
Within materials, the recovery from the recession has been uneven. In every year from 2011 through
2014, all categories of durable goods materials and for energy materials have increased. By contrast, the
output of nondurable materials declined in 2011, was little changed in 2012, 2013, and so far in 2015; it
moved up about 1 percent in 2014. Relative to earlier estimates, on net, the indexes for both durable and
nondurable materials have been lower in recent years, while the output of energy materials has been higher.
Capacity
Total industrial capacity contracted in 2010 before increasing in 2011, 2012, 2013, and 2014 (table
5).5 Capacity is expected to increase further in 2015. Relative to previous estimates, the gains in total
industrial capacity are somewhat smaller in recent years, especially in 2014.
After having decreased each year from 2008 to 2010, manufacturing capacity rose modestly in each year
from 2011 through 2014 and is expected to move up again in 2015. The strongest gain in recent years was in
2012 when manufacturing capacity advanced 1.9 percent. Relative to earlier estimates, the gains in recent
years, particularly in 2014, are now weaker. Capacity in durable manufacturing industries advanced
modestly in each year from 2011 to 2014, and it is expected to continue along that path in 2015. The rate
of change in durable manufacturing capacity is now reported to have increased at a somewhat slower rate in
recent years; much of that weakness is attributable to lower estimates for the capacity index for selected
high-technology industries. For nondurable manufacturing, capacity contracted in each year from 2008 to
2011 before increasing in 2012 and flattening out in 2013 and 2014; the gain in 2015 is expected to be
modest. Relative to the previous estimates, the rate of change for nondurables manufacturing capacity is
now estimated to have increased somewhat more in 2012 and to have shown less of a gain in 2014. The
capacity index for non-NAICS manufacturing has registered declines or been unchanged in each year since
2007.
Capacity at mines increased sharply in each year from 2011 through 2014; further gains are expected
in 2015. Relative to previous estimates, the rate of change in 2011 is now smaller, but the rates in other
recent years are larger. Capacity at utilities increased in each year from 2011 to 2014, with another
increase expected in 2015; the revised gains are little changed from the earlier estimates.
By stage of processing, capacity recorded gains of 4 percent or more in each year from 2011 through
2014; capacity is expected to increase further in 2015. Relative to previous estimates, the increases in
capacity at the crude stage are now reported to be considerably higher in 2012 and 2013 and a little lower
in 2011 and 2014. Capacity at the primary and semifinished stages then increased in 2011 through 2014,
with further expansion expected for 2015. The largest difference between the previous and current
increases in capacity at the primary and semifinished stages is that the gain in 2014 is now estimated to
have been smaller. For finished goods industries, the contour of capacity shows noticeably weaker gains in
recent years. Capacity for these producers declined in 2011 and then recorded moderate gains in 2012,
2013, and 2014, with similar-sized gains expected for 2015. The rates of change for capacity in the
finished goods stage are smaller than previously reported for recent years.
Capacity Utilization
After having dropped steeply during the recession, capacity utilization rose briskly in 2010, more
moderately in 2011, and then was little changed, on net, through 2013. Capacity utilization moved up in
2014, but it has fallen back somewhat in the first half of this year.6 In the second quarter of 2015,
capacity utilization for total industry was 77.8 percent, a rate 2.3 percentage points below its long-run
average of 80.1 percent (table 6 and table 8). Compared with earlier estimates, capacity utilization for
total industry is now reported to have been about 3/4 percentage point lower in 2012 and 2014 and about
1-1/2 percentage point lower in 2013.
The capacity utilization rate for manufacturing increased only modestly, on net, in the
post-recession period from 2011 to 2013; it moved up more strongly in 2014 before falling back a bit thus
far in 2015. Relative to previous reports, the capacity utilization rates for manufacturing are now lower
in recent years because the downward revisions to the estimates of production were larger than the downward
revisions to the estimates of capacity. At 75.8 percent, the rate for June 2015 was 1.4 percentage points
below its previously published level and 2.7 percentage points below its long-run average.
The utilization rate for durable manufacturing posted gains in each year from 2011 to 2014, when it
reached its long-run average of 76.9 percent, although it has fallen back so far in 2015. Among durable
goods manufacturers in the second quarter of 2015, 6 of the 11 major industry groups in table 6 were
operating at utilization rates above their long-run averages: fabricated metal products; electrical
equipment, appliances, and components; motor vehicles and parts; aerospace and miscellaneous transportation
equipment; furniture and related products; and miscellaneous goods manufacturing. Only the nonmetallic
mineral products industry was operating at a rate far below its long-run average.
The utilization rate for nondurable manufacturing increased less than 1 percentage point, on net,
between 2011 and the second quarter of 2015, when it was 77.3 percent, more than 3 percent below its
long-run average. The rates for nondurables in 2012, 2013, and 2014 are at least 2-1/2 percent lower in
each year than was previously estimated.
As of the second quarter of 2015, among nondurable manufacturing industry groups, that of petroleum
and coal products was operating at a rate just above its long-run average; the operating rates for all
other categories were still below their industry-specific long-run averages (tables 6 and 8), with the
rates for apparel and leather and for printing and support being well below their long-run averages.
For 2011, 2012, and 2013, capacity utilization rates for mining were close to 88.5 percent, a rate
that is 1 percentage point above its long-run average. The utilization rate at mines moved up to 90.7
percent in 2014, but with the recent decline in drilling IP, it fell to 84.7 percent in the second quarter
of 2015. Relative to earlier estimates, capacity utilization in mining is now reported to be a little
higher in recent years. The operating rates for utilities have been below their long-run average of 85.9
percent for the past several years. The current estimates of utilization at utilities are very similar to
the previously reported rates.
TECHNICAL ASPECTS OF THE REVISION
The industrial production statistics are monthly production indexes that represent the level of real
output relative to a base year. At the monthly frequency, movements of the indexes are based on indicators
that are derived using industry-specific data from a variety of government and private sources. The
monthly production indexes, however, are anchored to annual benchmarks that are less timely but typically
based on more-comprehensive data. Annual revisions to the industrial production and capacity measures
involve (1) incorporating into the indexes new monthly or quarterly data that were revised or arrived too
late to be included in the regular six-month reporting window for monthly IP; (2) updating seasonal
adjustment factors; (3) incorporating new annual benchmark data on output, prices, and value-added
proportions; and (4) updating the methods used to construct the indexes.
This revision includes comprehensive annual data for both 2012 and 2013 for manufacturing production.
The results of the Economic Census for 2012 and the Annual Survey of Manufactures for 2013 became available
since the previous annual revision was published in March 2014. In addition, updated results from the ASM
for 2011 were incorporated. For most industries, this revision integrated producer price indexes (PPIs)
from the BLS. For a few selected industries, updated price indexes constructed by the Federal Reserve were
incorporated.7 In addition, the benchmark indexes for logging, metallic and nonmetallic mining, and
publishing were advanced through 2013 or 2014 based on data from the U.S. Forest Service, the U.S.
Geological Survey, and the U.S. Census Bureau.
The revised IP indexes include information from the Quarterly Survey of Plant Capacity Utilization
for 2014 and from other industry reports. The indexes also incorporate revised monthly and quarterly
source data on production, shipments, and inventories.
Conversion to the 2012 North American Industry Classification System
Industrial production and capacity utilization are structured to follow a single-industry
classification system. With this revision, the industrial production and capacity indexes were classified
according to the 2012 NAICS; previously, they were classified according to the 2007 NAICS. To maintain
consistent time series, the transformation of the indexes to the 2012 NAICS covers the period from 1972
forward.
For the industrial sector, the primary difference between the 2007 NAICS and the 2012 NAICS involves
several instances where multiple closely-related six-digit 2007 NAICS categories were consolidated into a
single six-digit 2012 NAICS category. For example, under the 2007 system, NAICS 331311 (Alumina Refining)
and NAICS 331312 (Primary Aluminum Production) were separate industries, but under the 2012 system, they
have been merged into NAICS 331313 (Alumina Refining and Primary Aluminum Production). Overall, more than
70 six-digit 2012 NAICS categories have different coverage than they did in the 2007 NAICS.
The implementation of the 2012 NAICS contributed to a reduction in the number of industrial
production and capacity indexes. Prior to this annual revision, 312 individual industrial production
indexes and 89 individual capacity indexes covered the industrial sector from 2012 forward. With this
revision, 299 individual production indexes and 88 individual capacity indexes are estimated for the same
period.
Annual Benchmark Real Output Indexes
The annual benchmark output indexes for IP are measures of real gross output at the six-digit NAICS
level. The Census Bureau provides annual figures for value added and the cost of materials for
manufacturing industries, which can be summed to obtain nominal gross output. The benchmark indexes for
this revision incorporated revised information for 2011 and updated and new information for 2012 and 2013
from the Economic Census and the ASM.
To obtain individual benchmarks of real gross output, the measures of nominal gross output were
deflated by annual price deflators. For most industries, this revision incorporated the BLS PPIs as the
deflators for the IP benchmarks for recent years. Prior to the current revision, the benchmark IP indexes
primarily reflected annual shipments deflators for six-digit NAICS industries from the Bureau of Economic
Analysis (BEA); however, these deflators are no longer available at that level of detail. In general, the
benchmark industry price deflators consist of information from the BEA through 2011 and are extended
through 2013 with the related PPIs.8
Changes to annual benchmark index for computer storage device manufacturing
This revision updates the price index that is used to deflate nominal gross output in the annual
benchmark index for computer storage device manufacturing (NAICS 334112).9 The new industry-level price
index is a chain-weighted Fisher price index that combines information from IDC on prices for large-scale
storage devices (devices with three or more drives) with product price indexes from the BLS for related
parts and accessories, for secondary products, and for miscellaneous receipts. The weights used in the
chain aggregation are derived from each product's share of overall industry shipments as published in the
Economic Census and ASM. Prior to the current annual revision, the annual benchmark index used the BEA's
industry shipments deflator, which was based on BLS PPIs for the full range of products in the industry.
The segment of the new price deflator that was based on large-scale storage devices was constructed
using quarterly frequency data from IDC on factory revenue and the number of units shipped for the 2002-14
period. These data cover more than 700 models and, using further detailed information on installation
type, transmission protocol, and redundancy, yielded over 1,500 distinct items. Item prices were
constructed by dividing revenue by terabytes of capacity shipped. The overall price index was constructed
using a "matched model" method that aggregates the item-level relative price changes with weights based on
revenue using a Fisher-ideal index formula.
The new price deflator for computer storage device manufacturing falls considerably faster than the
previously used deflator. From 2002 through 2014, the new price deflator fell, on average, almost 23
percent per year, whereas the previous deflator fell about 7 percent per year. The more rapid declines in
the new price deflator imply much faster real output growth for the industry than was reported earlier.
Changes to annual benchmark index for communications equipment
With this revision, the benchmark price deflators for various components of communications equipment
were updated. For the period from 2007 through 2013, the price index for enterprise and home voice
equipment is constructed from data on units and the value of shipments for a variety of types of enterprise
telephones. Previously, the price index for this period used similar information from the Telecom Industry
Association (TIA); however, data are available at a quarterly frequency (rather than annual) from Dell'Oro,
and they include more-detailed product-level information than the TIA data. For the period from 2001
through 2006, the price index continues to use product-level data on units and shipments from the Consumer
Electronics Association (CEA) that are even more detailed than the Dell'Oro data. An adjustment is imposed
for the 2007-13 period to account for the difference in the average rate of change between the price index
based on the Dell'Oro data and the price index based on the CEA data for the overlap period from 2002 to
2006. Previously, an analogous adjustment accounted for differences between the price indexes constructed
from the TIA data and from the CEA data.
The benchmark price deflators were also updated for the period from 2002 forward for different types
of transmission, local loop, and legacy central office equipment. For wave division multiplexing (WDM)
products--equipment used in fiber-optic communications--the price index is now derived from detailed prices
based on measures of a transmission capacity (price per wavelength port); previously, the price index for
WDM products relied on detailed prices of different categories of WDM equipment (for example, long-haul,
metro). The new price index more carefully accounts for the increase in capacity per unit for each
equipment category over time.
An updated benchmark price index was also constructed for other (non-fiber optic) long-haul
transmission equipment. For the period beginning in 2009, this revision folded in quarterly frequency data
from Dell'Oro on price per port for three kinds of microwave transmission equipment: time-division
multiplexing microwave, packet microwave, and hybrid microwave. Prior to this revision, the price index
for other (non-fiber optic) long-haul transmission equipment was constructed as a weighted average of the
relevant PPI (two-thirds weight) and the fiber-optic transmission index (one-third weight) for the period
beginning in 2009. The updated index prior to 2009 continues to use this weighted average.
The benchmark price index for wireless networking equipment was updated with this revision. For each
of the five categories of cellular base stations, the price indexes are now based on average price per
transceiver rather than price per unit. The new price measures better account for the increase in wireless
signal transmission capacity per base station over time. The underlying data continue to be from Dell'Oro
and cover 2003 to 2014.
Methodological Changes to Individual Production Indexes
A few production indicators were affected by methodological changes in this revision.
Gypsum
With this annual revision, the IP index for gypsum (NAICS 32742) has been updated to incorporate
quarterly data on short tons of calcined gypsum from the Gypsum Association as a preliminary indicator
until the primary indicator becomes available. The primary indicator for the gypsum industry output
continues to be quarterly data from the USGS. Typically, the Gypsum Association data are issued one month
earlier than the USGS data.
Nuclear materials
With this revision, the IP index for nuclear materials (NAICS 32518, part) incorporates data on
uranium enrichment capacity from URENCO, the nation's sole supplier of enriched uranium to nuclear power
utilities. The enrichment technology used by URENCO dictates that processes are always operating at full
utilization, so a measure of capacity is also a measure of output. Previously, the production indicator
for nuclear materials used sales of electric power to other uranium enrichment facilities, but all of these
other facilities have closed.
Reweighting of within-industry products
For many indexes that are constructed from information on a variety of products, the high-frequency
indicator for industry output is derived from a weighted sum of these products. With this annual revision,
the weights applied to the various products for these indexes were reviewed. In general, the product
weights reflect the long-term relative prices of those products. For industries where the relative prices
of the various products have remained stable over time, it was not necessary to change the formulas.
However, weights in the formulas were updated for the following three industries where the relative prices
of various products had evolved markedly: other nonmetallic mineral mining and quarrying (NAICS 21239),
farm machinery (NAICS 333111), and travel trailer and camper (NAICS 336214).
Changes to Individual Capacity Indexes
Fertilizer
With this revision, the capacity index for fertilizer (NAICS 32531) beginning in 1997 is based on
data for capacity in short tons from The Fertilizer Institute for anhydrous ammonia, ammonium nitrate,
ammonium sulfate, urea and ammonium nitrate solutions, phosphoric acid, and urea. For the period prior to
1997, the capacity index is still based on utilization rates from the Census Bureau's Survey of Plant
Capacity.
Adjustments to Market Groups
The industrial production indexes are organized in two main ways: industry groups and market groups.
Industry groups reflect a supply-oriented classification where the output is grouped based on the NAICS
industries of the producers. Market groups reflect a demand-oriented classification where output is
grouped according to the purchaser and by how the output is used. An industry's output is often allocated
across a variety of market groups. Whenever possible, an industry's market group allocation is determined
through detailed product-level data. For example, the IP index for steel mill products (NAICS 3311 and
NAICS 3312) uses data from the American Iron and Steel Institute that includes information on the
end-market (for example, automotive, construction, or oil patch) classifications for different types of
steel. These classifications are used to allocate the production of steel mill products to different
market groups. For industries where market-level detail is not available, an industry's market group
allocation is determined based on information provided in the BEA's Input-Output (I-O) tables, which are
issued every five years.
This revision incorporates information from the BEA's 2007 I-O tables (which were published in late 2013)
to update the weights that are used to allocate industry output across various market groups. For years
after 2007, the allocation weights were assumed to be identical to those for 2007. Between 2002 (the year
covered by the previous I-O table) and 2007, the shares are linear combinations of the 2002 and 2007
weights. If the I-O tables indicate that only a very small share of an industry's output is consumed by a
particular market group, the allocation weight for that market group will be zero.
With the incorporation of the 2007 I-O tables, the market group allocation for only one industry,
chocolate and confectionery manufacturing (NAICS 31135), needed to be updated. Previously, the market
group allocation followed the 2002 I-O tables, which indicated that the overwhelming majority of output of
chocolate was supplied to consumers. Consequently, the output of this industry had been assigned entirely
to the foods and tobacco component of nondurable consumer goods. Following the 2007 I-O tables, the
revised market group structure assigns 70 percent of the output of the chocolate industry to the foods and
tobacco group and the remainder to miscellaneous nondurable materials.
Weights for Aggregation
The IP system is organized as a hierarchical structure where the finest-level production indexes are
aggregated using a version of the Fisher-ideal index formula to construct higher-level measures of
production. The weights that are used to combine individual IP measures into more aggregate measures are
based on the value added from the industry, calculated as gross output less cost of materials. For IP
indexes that are defined at the six-digit (or more aggregate) NAICS level, the value-added weights are
derived from the Economic Census or ASM. For IP indexes that cover only part of a six-digit NAICS
industry, the aggregation weights were constructed by allocating value-added for a six-digit industry
across the various components of IP that compose that industry. Data from the Economic Census and ASM on
shipments of different types of products within a six-digit NAICS industry were used to determine the share
of an industry's value-added that was assigned to each component IP index.
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 for mining
industries are derived from value-added data from the Economic Census. For some industries, however, data
are still not available for 2012, so the 2007 weights were extended based, in part, on commodities prices.
The weights for aggregation expressed as value-added per unit were estimated with data on producer
prices for the period after 2013. Table 12 shows the annual value-added proportions in the IP index from
2007 through 2014.
Revised Quarterly and Monthly Data
This revision incorporated product data that became available or were revised after the regular six-month
reporting window for monthly IP was closed. These data were released with too great of a lag to be
included with monthly IP estimates but were available for inclusion in the annual revision.
Revised Seasonal Factors
Seasonal factors for production-worker hours--which adjust for timing, holiday, and monthly seasonal
patterns--were updated with data through May 2015. The updated factors for the physical product series,
which include adjustments for holiday and workday patterns, used data through March 2015 where available.
Seasonal factors for unit motor vehicle assemblies have been updated, and projections through
December 2016 are available on the Board's website at www.federalreserve.gov/releases/g17/mvsf.htm. These
factors are based on production data through April 2015 and were revised back to January 1996. The
seasonal factors explicitly incorporate the holiday schedule for the vehicle assembly lines. The AFL-CIO's
current collective bargaining agreements with domestic manufacturers, however, expire at the end of the
third quarter of 2015. Factors for the fourth quarter of 2015 and for 2016 were estimated based on the
holiday schedule in place over the past three years. Once the new agreements are finalized, the seasonal
factors will be updated to reflect the agreed-upon holiday schedule over the terms of the contracts.
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 website at www.federalreserve.gov/releases/g17, as are updated data for the annual revision and for
all of the regularly issued series on industrial production, capacity, and capacity utilization. As part
of the reclassification from 2007 NAICS codes to 2012 NAICS codes, a number of changes will be made to the
published indexes. The aggregate index for all other basic inorganic chemicals (2007 NAICS 325188) has
been discontinued. Other changes are listed on the Board's website at www.federal
reserve.gov/releases/g17/g17_revision_series.htm.
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.
1 The revision affected rates of change for IP from 1972 forward. When necessary to maintain consistency
with any revisions to the data for 1972 and subsequent years, the levels of the production and capacity
indexes for the years before 1972 were multiplied by a constant. However, utilization rates and the rates
of change in IP for the years before 1972 were not revised.
2 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. For 2015, the rates are
calculated from the fourth quarter of 2014 to the second quarter of 2015 and are annualized.
3 In this section, all of the rates of change for a full year are calculated from the fourth quarter of the
previous year to the fourth quarter of the reference year. Rates of change on a half-year basis are shown
in table 7.
4 Manufacturing consists of those industries in the North American Industry Classification System
definition of manufacturing, plus those industries--logging and newspaper, periodical, book, and directory
publishing--that were in the manufacturing sector under the Standard Industrial Classification system.
5 In this section, all of the rates of change for a full year are calculated from the fourth quarter of the
previous year to the fourth quarter of the reference year.
6 Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the
reference year.
7 Price indexes for pharmaceuticals (NAICS 325412), for semiconductors (NAICS 334413), for most components
of communications equipment (NAICS 3342), and for computer storage devices (NAICS 334112) are constructed
by the Federal Reserve from alternative sources. A table that lists annual and quarterly price indexes for
the networking equipment component of communications equipment follows the text.
8 Overall, at the industry level, the BEA measures and PPI measures are quite similar, as the BEA used
weighted product-level PPIs to derive their industry-level shipments deflator.
9 A detailed explanation of the new price index for computer storage device manufacturing can be found at
www.federalreserve.gov/econresdata/notes/feds-notes/2015/prices-for-data-storage-equipment-and-the-state-of-
it-innovation-20150701.html.
---------------
------------------------------------------------------------
---------------
------------------------------------------------------------
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) | | |
1985 | -.2 .4 .2 -.3 .1 .1 -.7 .4 .5 -.4 .3 1.0 | 1.2 .3 -.6 2.4 | 1.2
1986 | .5 -.7 -.7 .1 .2 -.3 .5 -.1 .2 .5 .5 .9 | 2.4 -2.4 1.5 4.6 | 1.0
| | |
1987 | -.3 1.3 .2 .6 .6 .5 .7 .8 .2 1.5 .5 .5 | 5.4 7.2 7.7 10.0 | 5.2
1988 | .1 .4 .2 .5 -.1 .3 .1 .4 -.3 .5 .2 .5 | 3.7 3.4 1.6 2.9 | 5.2
1989 | .3 -.5 .3 .1 -.7 .1 -.9 .9 -.3 -.1 .3 .6 | 1.8 -1.4 -2.6 1.7 | .9
1990 | -.6 .9 .5 -.1 .2 .3 -.1 .3 .2 -.8 -1.2 -.7 | 2.8 3.2 1.7 -6.1 | 1.0
1991 | -.4 -.7 -.6 .2 1.0 .9 .0 .1 .9 -.2 -.1 -.4 | -7.4 2.4 5.5 .9 | -1.5
| | |
1992 | -.6 .7 .9 .7 .3 .0 .9 -.5 .2 .8 .4 .1 | -.6 7.4 3.0 4.3 | 2.9
1993 | .4 .4 -.1 .3 -.3 .2 .3 -.1 .5 .8 .4 .5 | 3.6 .9 1.7 6.2 | 3.3
1994 | .4 .0 1.0 .5 .5 .7 .2 .6 .4 .9 .6 1.1 | 5.0 7.5 5.3 8.6 | 5.3
1995 | .2 -.1 .2 .0 .3 .4 -.4 1.3 .4 -.1 .3 .4 | 4.5 1.4 3.8 3.5 | 4.8
1996 | -.7 1.6 -.1 .9 .7 .8 -.2 .6 .7 -.1 .9 .7 | 2.7 8.7 5.1 5.7 | 4.5
| | |
1997 | .1 1.2 .7 .1 .6 .5 .8 1.1 .9 .9 .9 .3 | 7.9 6.3 9.7 10.8 | 7.3
1998 | .5 .1 .1 .4 .6 -.6 -.4 2.0 -.2 .8 -.1 .4 | 4.7 2.7 2.8 5.7 | 5.9
1999 | .5 .5 .2 .2 .7 -.2 .6 .4 -.4 1.3 .5 .8 | 4.3 3.9 3.8 7.5 | 4.3
2000 | .0 .3 .4 .8 .2 .1 -.1 -.4 .4 -.3 .0 -.3 | 4.4 5.4 -.3 -1.1 | 4.1
2001 | -.7 -.6 -.3 -.3 -.7 -.7 -.5 -.2 -.3 -.5 -.5 .0 | -5.5 -5.4 -5.7 -4.4 | -3.3
| | |
2002 | .6 .0 .8 .4 .4 1.0 -.2 .0 .1 -.3 .5 -.5 | 2.9 6.4 2.4 -.2 | .3
2003 | .7 .3 -.2 -.8 .0 .1 .4 -.2 .6 .1 .8 -.1 | 2.6 -2.9 2.4 3.8 | 1.3
2004 | .2 .6 -.5 .4 .8 -.8 .8 .1 .1 .9 .2 .7 | 2.3 1.8 2.2 5.7 | 2.4
2005 | .5 .7 -.1 .1 .2 .4 -.3 .2 -1.9 1.3 1.0 .6 | 5.8 2.1 -1.9 3.8 | 3.3
2006 | .1 .0 .3 .4 -.1 .4 .0 .3 -.1 .0 -.1 1.0 | 3.7 2.4 1.5 1.0 | 2.2
| | |
2007 | -.5 1.1 .1 .7 .0 .0 .0 .2 .4 -.5 .6 .0 | 3.7 5.0 .9 .6 | 2.5
2008 | -.3 -.3 -.3 -.7 -.5 -.2 -.5 -1.5 -4.3 .9 -1.2 -2.9 | -1.4 -5.4 -12.1 -15.9 | -3.4
2009 | -2.3 -.6 -1.5 -.8 -1.0 -.4 1.1 1.1 .8 .4 .3 .4 | -20.3 -11.0 5.9 6.6 | -11.3
2010 | 1.2 .3 .7 .4 1.5 .2 .5 .3 .2 -.2 .0 .9 | 8.0 8.3 6.0 1.5 | 5.6
2011 | .0 -.5 .9 -.4 .3 .2 .4 .6 .0 .7 -.1 .5 | 2.2 .9 4.4 3.9 | 3.0
| | |
2012 | .7 .2 -.7 .8 .1 -.1 .3 -.4 .1 .3 .5 .2 | 3.9 2.2 .1 2.2 | 2.8
2013 | .1 .4 .2 .0 -.1 .2 -.4 .8 .6 .0 .3 .3 | 2.9 1.1 1.7 3.7 | 1.9
2014 | -.2 .8 .8 .2 .4 .4 .3 .0 .5 .2 .9 .1 | 3.6 5.7 3.9 4.7 | 3.7
2015 | -.3 -.1 -.1 -.3 -.2 .2 | -.2 -1.7 |
| | |
IP (2012=100) | | |
1985 | 56.3 56.6 56.7 56.5 56.6 56.6 56.2 56.5 56.7 56.5 56.7 57.3 | 56.5 56.6 56.5 56.8 | 56.6
1986 | 57.5 57.1 56.8 56.8 56.9 56.7 57.0 57.0 57.1 57.3 57.6 58.1 | 57.2 56.8 57.0 57.7 | 57.2
| | |
1987 | 57.9 58.6 58.8 59.1 59.5 59.8 60.2 60.7 60.8 61.7 62.0 62.3 | 58.4 59.5 60.6 62.0 | 60.1
1988 | 62.4 62.6 62.8 63.1 63.1 63.2 63.3 63.5 63.4 63.7 63.8 64.1 | 62.6 63.1 63.4 63.8 | 63.2
1989 | 64.3 64.0 64.1 64.2 63.7 63.8 63.2 63.7 63.5 63.5 63.7 64.1 | 64.1 63.9 63.5 63.7 | 63.8
1990 | 63.7 64.3 64.6 64.5 64.7 64.9 64.8 65.0 65.1 64.6 63.8 63.4 | 64.2 64.7 65.0 64.0 | 64.4
1991 | 63.1 62.7 62.4 62.5 63.1 63.7 63.7 63.8 64.4 64.2 64.2 63.9 | 62.7 63.1 64.0 64.1 | 63.5
| | |
1992 | 63.5 64.0 64.5 65.0 65.2 65.3 65.8 65.5 65.6 66.1 66.4 66.5 | 64.0 65.2 65.7 66.4 | 65.3
1993 | 66.8 67.0 67.0 67.2 67.0 67.1 67.3 67.2 67.6 68.1 68.4 68.7 | 66.9 67.1 67.4 68.4 | 67.4
1994 | 69.0 69.0 69.7 70.1 70.5 70.9 71.0 71.4 71.7 72.3 72.8 73.6 | 69.2 70.5 71.4 72.9 | 71.0
1995 | 73.7 73.6 73.7 73.7 73.9 74.2 73.9 74.9 75.2 75.1 75.2 75.5 | 73.7 74.0 74.6 75.3 | 74.4
1996 | 75.0 76.2 76.1 76.8 77.3 78.0 77.9 78.3 78.9 78.8 79.5 80.0 | 75.8 77.4 78.3 79.4 | 77.7
| | |
1997 | 80.1 81.1 81.7 81.7 82.2 82.7 83.3 84.2 84.9 85.7 86.5 86.8 | 81.0 82.2 84.1 86.3 | 83.4
1998 | 87.2 87.3 87.4 87.7 88.3 87.7 87.4 89.2 89.0 89.7 89.6 89.9 | 87.3 87.9 88.5 89.7 | 88.4
1999 | 90.3 90.8 90.9 91.2 91.8 91.7 92.3 92.6 92.3 93.5 94.0 94.7 | 90.7 91.6 92.4 94.1 | 92.2
2000 | 94.8 95.1 95.5 96.2 96.4 96.5 96.4 96.0 96.4 96.1 96.1 95.8 | 95.1 96.4 96.3 96.0 | 95.9
2001 | 95.2 94.6 94.3 94.0 93.4 92.7 92.2 92.0 91.7 91.3 90.8 90.8 | 94.7 93.4 92.0 91.0 | 92.8
| | |
2002 | 91.4 91.4 92.1 92.5 92.9 93.8 93.6 93.6 93.7 93.4 93.9 93.5 | 91.6 93.1 93.6 93.6 | 93.0
2003 | 94.1 94.4 94.2 93.4 93.5 93.6 94.0 93.8 94.4 94.5 95.2 95.1 | 94.2 93.5 94.1 94.9 | 94.2
2004 | 95.3 95.8 95.3 95.7 96.4 95.6 96.4 96.4 96.5 97.4 97.6 98.3 | 95.5 95.9 96.4 97.8 | 96.4
2005 | 98.8 99.4 99.3 99.5 99.6 100.0 99.7 99.9 98.0 99.3 100.3 100.9 | 99.2 99.7 99.2 100.2 | 99.6
2006 | 101.0 101.0 101.3 101.7 101.5 101.9 101.9 102.3 102.1 102.1 102.0 103.0 | 101.1 101.7 102.1 102.3 | 101.8
| | |
2007 | 102.5 103.6 103.8 104.5 104.6 104.6 104.5 104.7 105.1 104.5 105.2 105.1 | 103.3 104.5 104.8 104.9 | 104.4
2008 | 104.9 104.6 104.3 103.5 103.1 102.8 102.3 100.8 96.5 97.4 96.1 93.4 | 104.6 103.1 99.9 95.6 | 100.8
2009 | 91.2 90.6 89.2 88.5 87.6 87.2 88.2 89.1 89.8 90.2 90.4 90.8 | 90.4 87.8 89.0 90.5 | 89.4
2010 | 91.8 92.1 92.7 93.1 94.5 94.7 95.2 95.5 95.7 95.5 95.5 96.4 | 92.2 94.1 95.5 95.8 | 94.4
2011 | 96.4 95.9 96.7 96.3 96.5 96.8 97.2 97.8 97.8 98.4 98.3 98.8 | 96.3 96.5 97.6 98.5 | 97.2
| | |
2012 | 99.5 99.7 99.1 99.9 100.1 100.0 100.3 99.8 99.9 100.2 100.6 100.9 | 99.4 100.0 100.0 100.6 | 100.0
2013 | 100.9 101.3 101.6 101.5 101.5 101.7 101.3 102.0 102.6 102.7 102.9 103.2 | 101.3 101.6 102.0 102.9 | 101.9
2014 | 103.0 103.8 104.7 104.9 105.2 105.7 106.1 106.1 106.7 106.8 107.8 107.9 | 103.8 105.3 106.3 107.5 | 105.7
2015 | 107.6 107.5 107.4 107.0 106.9 107.1 | 107.5 107.0 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 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 | | |
2012 output) | | |
1985 | 70.6 70.7 70.9 71.1 71.3 71.4 71.6 71.7 71.9 72.0 72.1 72.2 | 70.7 71.3 71.7 72.1 | 71.5
1986 | 72.3 72.4 72.4 72.5 72.6 72.6 72.7 72.8 72.9 73.0 73.1 73.2 | 72.4 72.6 72.8 73.1 | 72.7
| | |
1987 | 73.3 73.5 73.6 73.7 73.9 74.0 74.2 74.3 74.4 74.5 74.6 74.7 | 73.5 73.9 74.3 74.6 | 74.1
1988 | 74.8 74.9 74.9 74.9 75.0 75.0 75.0 75.1 75.1 75.2 75.2 75.3 | 74.9 75.0 75.1 75.2 | 75.0
1989 | 75.4 75.5 75.6 75.8 75.9 76.1 76.2 76.4 76.6 76.7 76.9 77.1 | 75.5 75.9 76.4 76.9 | 76.2
1990 | 77.3 77.5 77.6 77.8 78.0 78.1 78.3 78.4 78.5 78.7 78.8 78.9 | 77.5 78.0 78.4 78.8 | 78.2
1991 | 79.0 79.1 79.1 79.2 79.3 79.4 79.5 79.6 79.7 79.8 79.9 80.0 | 79.1 79.3 79.6 79.9 | 79.5
| | |
1992 | 80.2 80.3 80.5 80.6 80.8 81.0 81.2 81.3 81.5 81.7 81.8 81.9 | 80.3 80.8 81.3 81.8 | 81.1
1993 | 82.1 82.2 82.3 82.4 82.6 82.7 82.8 82.9 83.0 83.2 83.3 83.5 | 82.2 82.6 82.9 83.3 | 82.8
1994 | 83.7 83.9 84.1 84.3 84.5 84.8 85.1 85.3 85.6 85.9 86.2 86.5 | 83.9 84.6 85.3 86.2 | 85.0
1995 | 86.8 87.1 87.4 87.8 88.1 88.4 88.7 89.1 89.4 89.8 90.2 90.6 | 87.1 88.1 89.1 90.2 | 88.6
1996 | 90.9 91.3 91.8 92.2 92.6 93.0 93.5 93.9 94.3 94.8 95.3 95.7 | 91.4 92.6 93.9 95.3 | 93.3
| | |
1997 | 96.2 96.7 97.2 97.7 98.3 98.8 99.4 100.0 100.6 101.3 102.0 102.6 | 96.7 98.3 100.0 102.0 | 99.2
1998 | 103.3 104.0 104.7 105.4 106.1 106.7 107.3 107.9 108.4 109.0 109.5 110.0 | 104.0 106.0 107.9 109.5 | 106.9
1999 | 110.5 111.0 111.4 111.9 112.3 112.7 113.2 113.6 114.0 114.4 114.9 115.3 | 111.0 112.3 113.6 114.9 | 112.9
2000 | 115.7 116.1 116.5 117.0 117.4 117.7 118.1 118.5 118.9 119.2 119.6 120.0 | 116.1 117.4 118.5 119.6 | 117.9
2001 | 120.3 120.6 121.0 121.3 121.6 121.9 122.2 122.5 122.8 123.0 123.2 123.5 | 120.6 121.6 122.5 123.2 | 122.0
| | |
2002 | 123.7 123.8 124.0 124.1 124.2 124.2 124.3 124.3 124.3 124.3 124.2 124.2 | 123.8 124.2 124.3 124.2 | 124.1
2003 | 124.1 124.1 124.0 124.0 123.9 123.9 123.8 123.8 123.8 123.7 123.7 123.6 | 124.1 123.9 123.8 123.7 | 123.9
2004 | 123.6 123.6 123.5 123.5 123.4 123.4 123.3 123.3 123.3 123.4 123.4 123.5 | 123.6 123.4 123.3 123.4 | 123.4
2005 | 123.6 123.7 123.8 124.0 124.2 124.4 124.5 124.7 124.9 125.1 125.3 125.5 | 123.7 124.2 124.7 125.3 | 124.5
2006 | 125.7 125.8 126.0 126.2 126.3 126.5 126.7 126.9 127.2 127.4 127.7 128.0 | 125.8 126.3 127.0 127.7 | 126.7
| | |
2007 | 128.3 128.5 128.8 129.1 129.3 129.5 129.7 129.8 129.9 130.0 130.0 129.9 | 128.5 129.3 129.8 129.9 | 129.4
2008 | 129.9 129.8 129.7 129.6 129.5 129.5 129.5 129.5 129.6 129.7 129.8 129.9 | 129.8 129.5 129.5 129.8 | 129.7
2009 | 130.0 130.2 130.2 130.3 130.4 130.4 130.3 130.3 130.1 130.0 129.8 129.6 | 130.1 130.4 130.2 129.8 | 130.1
2010 | 129.3 129.1 128.8 128.5 128.3 128.0 127.8 127.6 127.4 127.3 127.2 127.1 | 129.1 128.3 127.6 127.2 | 128.0
2011 | 127.1 127.1 127.1 127.1 127.2 127.4 127.5 127.7 127.9 128.2 128.4 128.7 | 127.1 127.2 127.7 128.4 | 127.6
| | |
2012 | 128.9 129.2 129.5 129.8 130.1 130.3 130.6 130.8 131.1 131.3 131.5 131.7 | 129.2 130.1 130.8 131.5 | 130.4
2013 | 131.9 132.0 132.2 132.4 132.5 132.7 132.9 133.0 133.2 133.4 133.6 133.8 | 132.0 132.5 133.0 133.6 | 132.8
2014 | 134.1 134.3 134.5 134.8 135.0 135.2 135.5 135.7 136.0 136.2 136.4 136.6 | 134.3 135.0 135.7 136.4 | 135.3
2015 | 136.8 137.0 137.1 137.3 137.5 137.6 | 137.0 137.5 |
| | |
Utilization | | |
(percent) | | |
1985 | 79.8 80.0 79.9 79.5 79.4 79.3 78.6 78.7 78.9 78.5 78.6 79.3 | 79.9 79.4 78.7 78.8 | 79.2
1986 | 79.6 79.0 78.4 78.3 78.4 78.1 78.4 78.3 78.3 78.6 78.8 79.4 | 79.0 78.3 78.3 78.9 | 78.6
| | |
1987 | 79.0 79.8 79.8 80.2 80.5 80.7 81.1 81.7 81.7 82.8 83.1 83.4 | 79.6 80.5 81.5 83.1 | 81.2
1988 | 83.4 83.7 83.8 84.2 84.1 84.3 84.3 84.6 84.3 84.7 84.8 85.1 | 83.6 84.2 84.4 84.8 | 84.3
1989 | 85.2 84.7 84.8 84.7 84.0 83.8 82.9 83.4 83.0 82.7 82.8 83.1 | 84.9 84.2 83.1 82.9 | 83.8
1990 | 82.4 83.0 83.2 83.0 82.9 83.0 82.8 82.9 82.9 82.1 81.1 80.4 | 82.9 83.0 82.8 81.2 | 82.5
1991 | 80.0 79.3 78.8 78.9 79.6 80.2 80.2 80.2 80.8 80.5 80.3 79.9 | 79.4 79.6 80.4 80.2 | 79.9
| | |
1992 | 79.2 79.7 80.2 80.6 80.7 80.6 81.1 80.5 80.6 81.0 81.2 81.1 | 79.7 80.6 80.7 81.1 | 80.6
1993 | 81.4 81.6 81.4 81.5 81.1 81.2 81.3 81.1 81.4 81.8 82.0 82.3 | 81.4 81.3 81.3 82.1 | 81.5
1994 | 82.4 82.3 82.9 83.1 83.3 83.6 83.5 83.7 83.7 84.2 84.4 85.0 | 82.5 83.4 83.7 84.5 | 83.5
1995 | 84.9 84.5 84.3 84.0 84.0 83.9 83.3 84.0 84.0 83.6 83.5 83.4 | 84.6 84.0 83.8 83.5 | 84.0
1996 | 82.5 83.4 83.0 83.3 83.5 83.8 83.3 83.4 83.6 83.1 83.4 83.6 | 83.0 83.6 83.4 83.4 | 83.3
| | |
1997 | 83.3 83.9 84.0 83.6 83.7 83.6 83.8 84.2 84.4 84.6 84.8 84.5 | 83.7 83.7 84.1 84.7 | 84.0
1998 | 84.4 83.9 83.5 83.2 83.2 82.2 81.4 82.6 82.0 82.3 81.8 81.8 | 83.9 82.9 82.0 82.0 | 82.7
1999 | 81.8 81.8 81.6 81.5 81.8 81.3 81.5 81.6 81.0 81.7 81.8 82.2 | 81.7 81.5 81.3 81.9 | 81.6
2000 | 81.9 81.9 81.9 82.2 82.1 81.9 81.6 81.0 81.1 80.6 80.4 79.9 | 81.9 82.1 81.3 80.3 | 81.4
2001 | 79.1 78.4 78.0 77.5 76.8 76.1 75.5 75.1 74.7 74.2 73.7 73.6 | 78.5 76.8 75.1 73.8 | 76.1
| | |
2002 | 73.9 73.8 74.3 74.6 74.8 75.5 75.3 75.3 75.4 75.2 75.6 75.2 | 74.0 75.0 75.3 75.3 | 74.9
2003 | 75.8 76.0 75.9 75.4 75.4 75.5 75.9 75.8 76.3 76.4 77.0 76.9 | 75.9 75.5 76.0 76.8 | 76.0
2004 | 77.1 77.6 77.2 77.5 78.1 77.5 78.1 78.2 78.2 79.0 79.1 79.6 | 77.3 77.7 78.2 79.2 | 78.1
2005 | 79.9 80.4 80.2 80.2 80.2 80.4 80.1 80.1 78.5 79.4 80.0 80.4 | 80.2 80.3 79.6 79.9 | 80.0
2006 | 80.4 80.3 80.4 80.6 80.4 80.6 80.4 80.5 80.3 80.1 79.8 80.5 | 80.4 80.5 80.4 80.1 | 80.3
| | |
2007 | 79.9 80.6 80.5 81.0 80.9 80.7 80.6 80.7 80.9 80.4 80.9 80.9 | 80.4 80.8 80.7 80.8 | 80.7
2008 | 80.7 80.6 80.4 79.9 79.6 79.4 79.0 77.8 74.5 75.1 74.1 71.9 | 80.6 79.6 77.1 73.7 | 77.7
2009 | 70.1 69.6 68.5 67.9 67.2 66.9 67.6 68.4 69.0 69.4 69.7 70.0 | 69.4 67.3 68.4 69.7 | 68.7
2010 | 71.0 71.4 72.0 72.4 73.6 73.9 74.4 74.8 75.1 75.0 75.1 75.8 | 71.4 73.3 74.8 75.3 | 73.7
2011 | 75.8 75.5 76.1 75.7 75.9 76.0 76.2 76.6 76.4 76.8 76.5 76.8 | 75.8 75.9 76.4 76.7 | 76.2
| | |
2012 | 77.2 77.2 76.5 77.0 76.9 76.7 76.8 76.3 76.2 76.3 76.5 76.6 | 77.0 76.9 76.4 76.5 | 76.7
2013 | 76.5 76.7 76.8 76.7 76.6 76.6 76.2 76.7 77.0 76.9 77.0 77.1 | 76.7 76.6 76.7 77.0 | 76.7
2014 | 76.8 77.3 77.8 77.8 78.0 78.2 78.3 78.2 78.5 78.5 79.0 79.0 | 77.3 78.0 78.3 78.8 | 78.1
2015 | 78.7 78.5 78.3 78.0 77.7 77.8 | 78.5 77.8 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
1Table 2
Rates of Change in Industrial Production, Market and Industry Group Summary: 2011-2015 <1>
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised change | revised and earlier changes
| | (percent) | (percentage points)
Item | NAICS | 2011 2012 2013 2014 2015 | 2011 2012 2013 2014 2015
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total IP | | 2.8 2.1 2.3 4.5 -1.0 | -.3 -1.1 -1.0 -.1 -.3
| | |
MARKET GROUP | | |
Final products and nonindustrial supplies | | 1.9 1.2 1.6 3.0 -.9 | -.5 -1.6 -1.6 -.4 .0
Consumer goods | | .6 -1.2 2.9 1.8 1.5 | -1.4 -2.9 -.3 -.7 -.2
Durable | | 5.2 .1 9.5 5.9 4.3 | -2.8 -6.2 .5 .3 .6
Automotive products | | 11.6 -1.9 15.5 6.8 9.4 | -3.5 -8.4 4.2 -.5 1.4
Home electronics | | 12.1 7.0 2.4 3.4 4.8 | 6.9 9.6 -2.2 -2.5 2.7
Appliances, furniture, carpeting | | 1.0 2.0 5.6 7.6 -1.9 | -.3 -1.7 -1.8 -.5 .9
Miscellaneous goods | | -2.1 1.4 3.8 4.2 -.5 | -2.9 -6.1 -2.9 2.1 -.4
Nondurable | | -.5 -1.6 1.3 .8 .8 | -.9 -2.0 -.4 -.8 -.4
Non-energy | | .0 -2.5 -.9 1.8 .7 | -1.1 -2.7 -1.2 -.7 -.1
Foods and tobacco | | -.9 1.0 1.1 .4 1.3 | -1.8 -2.1 .3 -1.8 .4
Clothing | | -5.8 -6.7 -1.5 .1 -4.8 | 2.0 -5.2 -7.8 -2.3 -4.2
Chemical products | | 2.0 -8.1 -4.9 6.3 2.3 | -.6 -4.3 -4.6 1.7 -.5
Paper products | | .7 -4.8 -.5 -5.6 -6.9 | 1.0 1.5 2.4 -.7 -1.7
Energy | | -1.6 1.1 7.3 -1.8 .8 | -.4 .0 1.6 -1.0 -1.7
| | |
Business equipment | | 6.1 7.4 -1.5 7.3 -.4 | 1.5 .8 -4.9 1.1 -.7
Transit | | 8.6 19.5 1.4 11.8 4.4 | 1.5 4.9 -1.8 6.2 1.2
Information processing | | 2.4 5.8 -.2 3.4 1.1 | 1.6 -.6 -4.1 .8 -1.0
Industrial and other | | 6.8 3.6 -3.3 6.9 -3.3 | 1.5 .0 -6.6 -.8 -1.7
Defense and space equipment | | -.7 .6 -5.2 -.8 .3 | -.1 -4.0 -6.9 -2.5 4.7
| | |
Construction supplies | | 2.0 3.2 3.4 5.2 -2.2 | -.5 -.6 -1.6 .0 1.0
Business supplies | | .6 1.7 2.2 1.7 -.2 | .1 -.4 -.8 -1.2 -.9
| | |
Materials | | 4.0 3.2 3.2 6.1 -1.0 | -.1 -.6 -.2 .3 -.6
Non-energy | | 3.4 1.9 1.6 3.4 -.6 | -.3 -2.6 -.9 -1.1 .4
Durable | | 6.5 3.0 2.4 4.8 -1.3 | -.6 -3.1 -1.7 -1.1 .5
Consumer parts | | 8.8 8.7 4.0 9.0 4.8 | 3.6 .0 -2.4 .9 3.8
Equipment parts | | 10.6 2.4 .8 4.0 -2.7 | -1.3 -5.8 -3.3 -3.3 -.1
Other | | 2.8 1.7 3.0 3.8 -2.7 | -1.3 -2.1 -.5 -.4 -.7
Nondurable | | -1.0 .2 .4 1.1 .5 | .1 -1.9 .3 -1.0 .3
Textile | | -6.5 -1.4 6.7 1.5 4.3 | -4.0 .2 5.0 -3.8 -1.4
Paper | | -.2 1.1 -1.4 -1.8 .1 | 1.1 3.4 -1.0 -.7 .1
Chemical | | -1.2 -.2 .0 2.4 .2 | .4 -4.8 -.1 -1.1 -.1
Energy | | 4.9 5.2 5.6 9.9 -1.8 | .1 2.6 .6 2.0 -2.4
| | |
| | |
INDUSTRY GROUP | | |
Manufacturing | | 2.7 1.5 1.3 3.4 .4 | -.4 -1.9 -1.7 -.7 .1
Manufacturing (NAICS) | 31-33 | 2.9 1.9 1.4 3.9 .5 | -.4 -2.0 -1.8 -.6 .2
| | |
Durable manufacturing | | 5.4 3.6 2.0 5.1 -.3 | -.6 -2.6 -2.9 -.5 .4
Wood products | 321 | 1.0 7.8 5.3 4.2 -6.0 | .1 .0 -3.7 .8 .0
Nonmetallic mineral products | 327 | -.4 3.9 3.6 5.2 1.5 | -.3 1.7 -.3 -2.2 .7
Primary metals | 331 | 6.5 -4.5 5.5 1.2 -10.3 | -2.0 -3.1 1.5 -1.2 -2.1
Fabricated metal products | 332 | 4.2 1.4 2.9 2.4 -.4 | -2.3 -4.1 -1.9 -1.2 -.1
Machinery | 333 | 10.0 2.3 -3.6 8.2 -5.2 | 1.9 .5 -8.5 -.9 -1.5
Computer and electronic products | 334 | 6.4 6.3 -.5 3.6 -1.7 | -.3 -6.6 -4.6 -1.4 -1.7
Electrical equip., appliances, | | |
and components | 335 | 1.5 2.2 -.7 2.6 4.8 | -.7 -1.8 -3.3 -.6 -1.1
Motor vehicles and parts | 3361-3 | 11.2 6.3 10.2 9.8 8.5 | -.1 -5.3 1.3 2.6 2.3
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | 6.4 8.2 -1.1 3.0 4.0 | .0 3.2 -3.4 -2.5 3.4
Furniture and related products | 337 | 1.4 6.3 3.2 9.3 -2.1 | 1.5 2.0 -1.5 -.1 -.7
Miscellaneous | 339 | -4.2 .0 5.6 5.8 -2.5 | -3.7 -7.3 -1.1 .9 1.3
| | |
Nondurable manufacturing | | .2 .0 .7 2.6 1.4 | -.2 -1.3 -.5 -.7 -.1
Food, beverage, and tobacco products | 311,2 | -1.0 1.0 1.4 .7 1.6 | -1.7 -2.3 .5 -1.8 .3
Textile and product mills | 313,4 | -4.0 -2.1 5.5 1.7 .9 | -3.5 -1.1 4.7 -2.4 -.4
Apparel and leather | 315,6 | -5.9 -7.2 -.7 .4 -4.4 | -.7 -5.3 -6.6 -1.2 -4.3
Paper | 322 | 1.3 2.6 -2.0 -.9 -.5 | 1.8 4.7 -.6 .0 .4
Printing and support | 323 | -3.5 -.5 3.0 .2 .6 | .1 2.1 -.1 -1.5 -.2
Petroleum and coal products | 324 | 2.8 -.5 5.6 .1 5.5 | -.2 1.0 4.0 -2.0 1.7
Chemicals | 325 | .8 -2.2 -1.9 4.5 .9 | .7 -3.2 -2.6 .4 -.6
Plastics and rubber products | 326 | 1.4 4.8 2.1 9.7 1.5 | .6 -.1 -2.3 .7 -.3
| | |
Other manufacturing (non-NAICS) | 1133,5111 | -.5 -6.5 -1.6 -8.6 -2.9 | -.3 -.3 1.8 -1.3 -1.8
| | |
Mining | 21 | 7.1 6.2 5.8 12.3 -8.2 | -.3 2.0 1.0 2.2 -3.6
Utilities | 2211,2 | -2.2 .1 4.6 -1.0 -.8 | .0 .0 .4 -.2 -.6
Electric | 2211 | -1.7 -.4 3.7 -.6 -.4 | .0 .0 .4 -.3 -.4
Natural gas | 2212 | -5.7 4.0 11.0 -3.2 -4.2 | .1 .0 .4 .9 -2.6
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
<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 2015, the rates are calculated
from the fourth quarter of 2014 to the second quarter 2015 and are annualized.
1Table 3
Rates of Change in Industrial Production, Special Aggregates and Selected Detail: 2011-2015 <1>
----------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised change | revised and earlier changes
| | (percent) | (percentage points)
Item | NAICS | 2011 2012 2013 2014 2015 | 2011 2012 2013 2014 2015
----------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | | 2.8 2.1 2.3 4.5 -1.0 | -.3 -1.1 -1.0 -.1 -.3
| | |
Energy | | 3.3 3.6 5.6 6.6 -3.9 | .0 1.8 .8 1.0 -2.0
Consumer products | | -1.6 1.1 7.3 -1.8 .8 | -.4 .0 1.6 -1.0 -1.7
Commercial products | | -.4 1.4 4.7 1.3 .6 | -.2 .0 .7 -.4 -.1
Oil and gas well drilling | 213111 | 21.1 -7.6 -1.3 7.3 -76.7 | -.2 -.1 -.2 .0 .2
Converted fuel | | .0 4.6 .9 .8 1.2 | 1.4 4.3 -.1 .0 -1.0
Primary energy | | 6.3 5.4 6.8 12.2 -2.7 | -.3 2.1 .8 2.5 -2.9
| | |
Non-energy | | 2.7 1.5 1.1 3.6 .0 | -.5 -2.2 -1.7 -.6 .2
Selected high-technology industries | | 8.0 9.8 2.6 1.6 -4.0 | -.8 -7.1 -2.9 -4.6 -.8
Computers and peripheral equipment | 3341 | .6 20.6 -.9 10.3 6.9 | 20.6 18.0 -14.5 11.0 4.8
Communications equipment | 3342 | 3.7 3.0 13.6 -10.7 1.9 | -7.4 4.5 11.0 -11.1 5.8
Semiconductors and related | | |
electronic components | 3344 | 10.3 9.7 .2 4.1 -7.6 | -3.2 -13.9 -4.7 -4.4 -3.9
| | |
Excluding selected high-technology | | |
industries | | 2.4 1.1 1.0 3.6 .1 | -.5 -2.0 -1.7 -.5 .2
| | |
Motor vehicles and parts | 3361-3 | 11.2 6.3 10.2 9.8 8.5 | -.1 -5.3 1.3 2.6 2.3
Motor vehicles | 3361 | 13.2 1.1 14.6 8.1 9.3 | -4.8 -11.5 2.9 2.0 -.1
Motor vehicle parts | 3363 | 9.1 10.5 5.4 11.6 8.6 | 4.3 .7 -.5 4.5 5.5
| | |
Excluding motor vehicles and parts | | 1.8 .8 .4 3.2 -.5 | -.5 -1.7 -1.9 -.7 -.1
Consumer goods | | .0 -2.1 -.1 2.4 .7 | -1.4 -3.2 -1.4 -.5 -.2
Business equipment | | 7.0 6.8 -2.4 7.3 -1.4 | 1.5 .9 -6.1 .5 -1.2
Construction supplies | | 1.9 3.2 3.4 5.3 -2.3 | -.5 -.6 -1.6 .0 .9
Business supplies | | .0 .9 1.1 1.5 .1 | -.2 -.6 -1.1 -1.6 -.9
Materials | | 2.3 .6 1.5 2.7 -1.1 | -.5 -1.9 -.5 -1.1 .0
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 2.6 1.8 2.3 4.5 -.9 | -.3 -.9 -.9 .0 -.3
Manufacturing<2> | | 2.4 1.2 1.2 3.5 .5 | -.4 -1.7 -1.6 -.5 .1
Durable | | 5.1 3.0 2.0 5.3 -.2 | -.6 -2.1 -2.9 -.1 .4
| | |
Measures excluding motor vehicles and parts | | |
Total industry | | 2.5 1.9 2.0 4.2 -1.5 | -.4 -.9 -1.1 -.3 -.5
Manufacturing<2> | | 2.2 1.2 .7 3.0 -.2 | -.4 -1.7 -1.9 -.9 -.1
Durable | | 4.7 3.2 .9 4.3 -1.7 | -.7 -2.2 -3.5 -1.0 .0
| | |
Measures excluding selected high-technology | | |
industries and motor vehicles and parts | | |
Total industry | | 2.2 1.6 2.0 4.3 -1.4 | -.3 -.7 -1.0 -.1 -.5
Manufacturing<2> | | 1.9 .8 .6 3.0 -.1 | -.4 -1.4 -1.8 -.8 -.1
| | |
Stage-of-process components | | |
of non-energy materials, | | |
measures of the input to | | |
Finished processors | | 7.4 3.5 1.4 4.2 .1 | .1 -2.5 -2.3 -1.8 1.2
Primary and semifinished processors | | .9 .8 1.8 2.8 -1.2 | -.6 -2.7 .0 -.6 -.1
| | |
Stage-of-process groups | | |
Crude | | 4.9 5.6 4.8 9.0 -1.7 | .3 1.8 1.0 1.7 -3.1
Primary and semifinished | | 1.7 1.3 3.1 2.3 -.5 | -.5 -1.3 -.3 -1.0 .5
Finished | | 3.2 1.1 -.1 4.5 -1.4 | -.5 -2.6 -3.2 .0 .2
----------------------------------------------------------------------------------------------------------------------------------------------------
<1> See footnote 1 to table 2.
<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 | 2010 2011 2012 2013 2014 | 2010 2011 2012 2013 2014
--------------------------------------------------------------------------------------------------------------------------------------------
| |
Total IP | 5.6 3.0 2.8 1.9 3.7 | -.1 -.3 -.9 -.9 -.4
| |
MARKET GROUP | |
Consumer goods | 1.2 1.2 -1.4 1.5 2.2 | .1 -.3 -3.1 -.9 -.7
Durable | 8.8 4.4 2.0 5.5 7.0 | 1.5 -.5 -6.0 -2.1 1.0
Nondurable | -.7 .4 -2.2 .6 .9 | -.1 -.2 -2.2 -.4 -1.0
| |
Business equipment | 7.9 5.3 9.9 -.4 4.7 | -.3 -.2 2.4 -4.0 -.3
Defense and space equipment | 7.5 -2.8 1.8 -3.1 -3.2 | -.4 .6 -2.9 -5.4 -5.0
| |
Construction supplies | 3.6 2.3 4.3 2.9 3.9 | -.1 -.7 -.3 -1.4 -.3
Business supplies | 3.5 1.4 1.5 1.5 1.7 | 1.2 .4 -.3 -.5 -.8
| |
Materials | 8.4 4.2 4.1 3.1 5.1 | -.4 -.5 -.4 -.1 .0
Non-energy | 11.1 4.7 2.8 1.4 2.5 | -.5 -.5 -1.9 -1.5 -1.1
Energy | 4.2 3.4 6.3 5.7 8.7 | .0 -.3 1.9 1.8 1.4
| |
| |
INDUSTRY GROUP | |
Manufacturing<2> | 5.9 3.0 2.7 .9 2.5 | -.1 -.3 -1.5 -1.7 -1.0
Manufacturing (NAICS) | 6.5 3.3 2.9 1.1 2.8 | -.1 -.4 -1.5 -1.9 -.9
Durable manufacturing | 10.7 6.2 5.5 1.4 4.1 | -.3 -.6 -1.8 -3.1 -1.1
Nondurable manufacturing | 2.2 .2 .1 .7 1.4 | .0 -.1 -1.2 -.5 -.7
Other manufacturing (non-NAICS) | -5.3 -2.7 -2.7 -3.3 -5.6 | .0 .1 -.7 2.1 -1.1
| |
Mining | 5.2 5.6 7.5 6.5 10.8 | .0 -.5 1.2 1.8 1.8
Utilities | 3.6 -.2 -2.2 2.5 1.1 | .0 .0 .0 .4 -.3
--------------------------------------------------------------------------------------------------------------------------------------------
<1> The rates of change are calculated as the percent change in the annual averages of not seasonally adjusted industrial production indexes
rather than as the percent change between the fourth quarter of one year and the fourth quarter of the next.
<2> See footnote 2 to table 3.
1Table 5
Rates of Change in Capacity, by Industry Groups: 2011-2015 <1>
---------------------------------------------------------------------------------------------------------------------------------------------------------
| | Difference between
| Revised change | revised and earlier changes
| (percent) | (percentage points)
Item | 2011 2012 2013 2014 2015 | 2011 2012 2013 2014 2015
---------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | .9 2.4 1.6 2.1 1.5 | -.5 -.2 -.2 -1.1 -.3
| |
Manufacturing<2> | .2 1.9 1.1 .7 1.2 | -.3 -.3 -.7 -1.4 -.5
Manufacturing (NAICS) | .2 2.0 1.2 .9 1.3 | -.4 -.4 -.7 -1.4 -.5
Durable manufacturing | 2.1 2.2 1.8 1.6 1.9 | -.5 -1.7 -1.3 -1.6 -.9
Nondurable manufacturing | -1.6 1.8 .6 .0 .8 | -.2 1.2 -.1 -1.3 .0
Other manufacturing (non-NAICS) | -.2 .0 -1.2 -2.3 -2.2 | .0 1.2 .1 -1.4 -.7
| |
Mining | 4.5 5.8 6.4 9.3 4.2 | -1.5 1.0 2.4 .1 .9
Utilities | 1.9 1.2 .3 1.2 .8 | .0 -.1 -.1 .1 .5
| |
| |
Selected high-technology industries | 24.5 13.7 -.5 .9 5.9 | -1.4 -5.3 -5.2 -7.7 -2.3
Manufacturing<2> ex. selected | |
high-technology industries | -.9 1.4 1.3 .7 .9 | -.3 .0 -.4 -1.1 -.4
| |
Stage-of-process groups | |
Crude | 4.0 6.3 4.4 7.0 3.3 | -.6 2.8 1.3 -.4 .4
Primary and semifinished | 1.4 1.8 .7 .5 1.0 | .3 -.2 .0 -1.4 -.5
Finished | -.8 1.2 1.6 1.3 1.5 | -1.3 -1.4 -1.3 -1.0 -.3
---------------------------------------------------------------------------------------------------------------------------------------------------------
<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 | 2014 2011 2012 2013 2014 | 2011 2012 2013 2014
| | Ave. Q4 Q4 Q4 Q4 | Q4 Q4 Q4 Q4
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | | 80.1 76.7 76.5 77.0 78.8 | -.1 -.8 -1.4 -.7
| | |
Manufacturing<1> | | 78.5 74.4 74.1 74.2 76.2 | -.3 -1.4 -2.2 -1.6
Manufacturing (NAICS) | 31-33 | 78.4 74.7 74.6 74.7 77.0 | -.3 -1.5 -2.3 -1.7
| | |
Durable manufacturing | | 76.9 73.2 74.2 74.4 76.9 | -.1 -.7 -1.9 -1.1
Wood products | 321 | 76.4 60.7 66.3 70.1 71.9 | .2 -.3 -2.5 .0
Nonmetallic mineral products | 327 | 74.2 53.3 55.8 59.0 62.5 | -.1 -.5 -.9 -2.6
Primary metals | 331 | 79.0 76.1 76.1 76.0 77.8 | .0 .9 -1.4 -.7
Fabricated metal products | 332 | 77.6 78.2 77.2 79.5 81.5 | -1.4 -3.0 -1.3 .9
Machinery | 333 | 77.8 78.5 79.2 74.0 78.0 | -1.0 1.4 -4.8 -5.1
Computer and electronic products | 334 | 77.9 74.1 73.2 73.0 74.1 | .4 -.7 -.2 2.6
Electrical equip., appliances, | | |
and components | 335 | 82.2 80.4 81.7 81.1 83.0 | .1 -.9 -2.3 -1.6
Motor vehicles and parts | 3361-3 | 74.8 67.0 69.4 73.0 76.5 | -.4 -3.4 -5.2 -6.1
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | 73.8 74.2 78.7 76.5 78.3 | .7 3.1 1.0 .0
Furniture and related products | 337 | 76.5 66.4 69.8 72.2 78.9 | .7 -.5 -1.7 -1.3
Miscellaneous | 339 | 76.3 76.8 76.0 77.4 78.9 | 1.6 -1.1 1.6 2.9
| | |
Nondurable manufacturing | | 80.4 76.4 75.0 75.1 77.0 | -.6 -2.5 -2.8 -2.5
Food, beverage, and tobacco products | 311,2 | 80.8 77.6 78.2 79.0 79.1 | -.8 -2.2 -1.2 -1.5
Textile and product mills | 313,4 | 79.5 65.6 66.1 71.1 73.2 | -.8 -2.0 .7 -1.2
Apparel and leather | 315,6 | 76.9 66.1 63.0 64.0 65.7 | -.5 -5.2 -11.0 -12.3
Paper | 322 | 86.6 81.7 83.6 82.5 83.5 | -.5 1.1 .1 -.2
Printing and support | 323 | 80.0 62.2 62.0 63.2 63.3 | -4.2 -5.1 -7.6 -9.8
Petroleum and coal products | 324 | 85.4 83.7 81.0 82.3 83.4 | -1.4 -1.1 -.9 -1.1
Chemicals | 325 | 77.2 75.7 71.5 70.1 73.7 | .1 -4.1 -5.1 -3.6
Plastics and rubber products | 326 | 82.0 73.6 76.0 76.0 80.7 | 1.2 1.3 -.5 1.0
| | |
Other manufacturing (non-NAICS) | 1133,5111 | 81.4 67.1 62.7 62.5 58.5 | 1.1 .1 1.2 1.2
| | |
Mining | 21 | 87.5 88.4 88.8 88.3 90.7 | 1.0 1.9 .7 2.4
Utilities | 2211,2 | 85.9 79.2 78.4 81.7 80.0 | -.1 .0 .4 .1
| | |
Selected high-technology industries | | 77.7 71.9 69.4 71.5 72.0 | -.4 -1.5 .1 2.1
Computers and peripheral equipment | 3341 | 77.8 73.5 67.1 64.1 66.4 | 1.5 -2.6 -4.9 -3.2
Communications equipment | 3342 | 76.8 74.1 76.2 85.9 74.1 | -2.9 -.4 7.7 -2.6
Semiconductors and related | | |
electronic components | 3344 | 79.1 71.1 68.1 69.2 72.9 | .1 -1.7 -1.4 4.3
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 80.2 76.9 76.7 77.2 79.0 | .0 -.8 -1.4 -.9
Manufacturing<1> | | 78.6 74.5 74.3 74.3 76.4 | -.2 -1.5 -2.3 -1.9
| | |
Stage-of-process groups | | |
Crude | | 86.3 86.8 86.2 86.3 88.2 | 1.1 .5 .3 1.7
Primary and semifinished | | 80.7 74.1 73.8 75.4 76.8 | -.4 -1.2 -1.7 -1.2
Finished | | 77.0 75.1 75.1 74.1 76.2 | -.3 -1.1 -2.0 -1.6
--------------------------------------------------------------------------------------------------------------------------------------------------------
1. See footnote 2 to table 3.
1Table 7
Rates of change in industrial production, 2010 H2-2015 H1<1>
----------------------------------------------------------------------------------------------------------------------------------------------------
| | 2010 2011 2012 2013 2014 2015
| NAICS | H2 H1 H2 H1 H2 H1 H2 H1 H2 H1
----------------------------------------------------------------------------------------------------------------------------------------------------
| |
Total IP | | 3.7 1.5 4.1 3.0 1.2 2.0 2.7 4.6 4.3 -1.0
| |
MARKET GROUP | |
Final products and nonindustrial supplies | | 2.2 .9 2.8 2.6 -.3 1.2 2.0 2.9 3.2 -.9
Consumer goods | | 1.3 1.4 -.2 -1.8 -.7 2.9 2.9 1.6 2.0 1.5
Durable | | 2.0 3.4 7.0 1.6 -1.5 9.8 9.3 5.6 6.3 4.3
Automotive products | | 4.9 6.6 16.7 -.9 -2.8 17.0 13.9 6.4 7.2 9.4
Home electronics | | -6.3 12.6 11.6 10.2 4.0 7.3 -2.2 -2.0 9.1 4.8
Appliances, furniture, carpeting | | -5.8 .3 1.6 5.0 -.9 4.9 6.3 7.0 8.2 -1.9
Miscellaneous goods | | .6 -.7 -3.4 3.0 -.3 2.5 5.2 4.5 3.9 -.5
Nondurable | | 1.1 .9 -1.8 -2.6 -.5 1.2 1.3 .6 .9 .8
Non-energy | | .4 .9 -.9 -2.8 -2.2 -1.0 -.7 2.1 1.4 .7
Foods and tobacco | | 1.6 -.6 -1.3 .3 1.7 1.7 .4 .6 .1 1.3
Clothing | | 4.3 -4.8 -6.8 -1.5 -11.7 -7.1 4.4 -.5 .8 -4.8
Chemical products | | -1.7 5.6 -1.5 -7.7 -8.5 -6.0 -3.8 6.8 5.8 2.3
Paper products | | -.6 -4.5 6.2 -6.4 -3.1 -.4 -.7 -4.4 -6.7 -6.9
Energy | | 3.6 1.1 -4.3 -2.2 4.5 7.5 7.0 -3.2 -.3 .8
| |
Business equipment | | 6.4 1.0 11.5 13.9 1.3 -3.0 -.1 8.8 5.8 -.4
Transit | | .5 -5.3 24.6 27.9 11.6 1.8 1.1 14.3 9.3 4.4
Information processing | | -1.7 -2.2 7.2 11.0 .8 -2.6 2.2 1.3 5.6 1.1
Industrial and other | | 12.9 4.8 8.8 10.1 -2.4 -5.1 -1.5 9.6 4.3 -3.3
Defense and space equipment | | -3.6 -6.0 4.9 -1.3 2.6 -5.4 -5.1 -2.8 1.2 .3
| |
Construction supplies | | 2.2 -.2 4.1 6.5 .1 3.3 3.6 3.9 6.5 -2.2
Business supplies | | 1.8 .5 .7 3.7 -.3 1.9 2.4 1.0 2.3 -.2
| |
Materials | | 5.6 2.2 5.7 3.5 2.9 2.9 3.6 6.6 5.6 -1.0
Non-energy | | 5.8 2.8 4.0 2.6 1.2 1.0 2.3 2.6 4.1 -.6
Durable | | 9.8 7.1 5.9 5.8 .4 .8 4.1 4.6 5.0 -1.3
Consumer parts | | 9.5 2.1 16.0 14.7 2.9 2.3 5.8 6.8 11.2 4.8
Equipment parts | | 17.1 11.9 9.2 8.9 -3.8 -1.4 3.1 3.0 5.1 -2.7
Other | | 4.9 5.2 .5 .7 2.6 1.8 4.2 5.0 2.7 -2.7
Nondurable | | .3 -3.2 1.3 -1.9 2.4 1.4 -.5 -.4 2.8 .5
Textile | | .1 -4.1 -8.8 .7 -3.5 9.4 4.0 -3.5 6.7 4.3
Paper | | -1.2 -1.4 1.1 1.8 .5 .9 -3.6 -2.4 -1.2 .1
Chemical | | -.1 -4.6 2.3 -4.5 4.2 .7 -.6 .4 4.5 .2
Energy | | 5.2 1.5 8.4 5.0 5.5 5.7 5.4 12.2 7.6 -1.8
| |
| |
INDUSTRY GROUP | |
Manufacturing<2> | | 3.2 1.3 4.2 3.0 .2 1.0 1.6 3.3 3.6 .4
Manufacturing (NAICS) | 31-33 | 3.5 1.5 4.2 3.3 .5 1.1 1.7 3.6 4.2 .5
| |
Durable manufacturing | | 6.9 3.5 7.3 7.2 .2 .9 3.1 5.0 5.1 -.3
Wood products | 321 | -4.8 -.4 2.5 10.6 5.1 2.5 8.2 1.5 7.1 -6.0
Nonmetallic mineral products | 327 | 3.6 -.5 -.3 4.6 3.2 4.9 2.3 5.1 5.3 1.5
Primary metals | 331 | 2.9 8.6 4.4 -7.1 -1.9 5.3 5.7 2.2 .2 -10.3
Fabricated metal products | 332 | 10.9 5.7 2.6 4.3 -1.4 1.3 4.5 2.8 2.0 -.4
Machinery | 333 | 15.8 7.0 13.1 12.5 -7.0 -6.9 -.2 9.1 7.2 -5.2
Computer and electronic products | 334 | 9.2 5.7 7.1 11.5 1.4 -3.6 2.8 3.5 3.6 -1.7
Selected high-technology industries | | 14.7 10.2 5.8 14.5 5.2 .3 4.8 1.2 2.1 -4.0
Computers and peripheral equipment | 3341 | -25.0 -12.4 15.4 46.6 -.8 -6.7 5.4 1.5 19.8 6.9
Communications equipment | 3342 | 7.8 11.3 -3.3 -8.2 15.6 25.9 2.5 -19.1 -1.5 1.9
Semiconductors and related | |
electronic components | 3344 | 26.7 14.0 6.7 15.6 4.1 -4.7 5.4 8.7 -.3 -7.6
Electrical equip., appliances, | |
and components | 335 | 10.9 .2 2.9 3.4 1.1 -2.8 1.4 2.8 2.4 4.8
Motor vehicles and parts | 3361-3 | 9.5 2.4 20.7 12.1 .7 9.9 10.5 9.7 9.8 8.5
Aerospace and miscellaneous | |
transportation equipment | 3364-9 | -4.0 -1.7 15.2 7.7 8.7 2.2 -4.3 1.7 4.2 4.0
Furniture and related products | 337 | 3.2 3.3 -.5 10.9 1.9 5.3 1.0 8.1 10.4 -2.1
Miscellaneous | 339 | 1.3 -1.5 -6.8 .3 -.2 4.7 6.4 5.8 5.8 -2.5
| |
Nondurable manufacturing | | -.2 -.5 .9 -.8 .8 1.3 .1 2.1 3.1 1.4
Food, beverage, and tobacco products | 311,2 | 1.8 -.8 -1.1 .3 1.8 1.9 1.0 .5 .9 1.6
Textile and product mills | 313,4 | -.9 -.5 -7.4 -1.7 -2.4 6.9 4.1 -1.4 4.9 .9
Apparel and leather | 315,6 | 6.1 -4.4 -7.3 -2.9 -11.3 -6.0 4.9 .6 .2 -4.4
Paper | 322 | -2.0 -.7 3.5 3.2 2.0 .8 -4.7 -1.5 -.3 -.5
Printing and support | 323 | .5 -3.3 -3.8 1.8 -2.8 2.7 3.4 -1.7 2.1 .6
Petroleum and coal products | 324 | -.2 .9 4.8 -4.1 3.2 8.1 3.2 1.3 -1.1 5.5
Chemicals | 325 | -1.7 -.3 1.8 -3.6 -.8 -1.7 -2.1 2.9 6.1 .9
Plastics and rubber products | 326 | -.2 .2 2.6 6.9 2.8 1.1 3.1 11.4 8.1 1.5
| |
Other manufacturing (non-NAICS) | 1133,5111 | -2.4 -5.1 4.3 -5.5 -7.5 -1.6 -1.5 -5.0 -12.0 -2.9
| |
Mining | 21 | 6.8 5.2 9.1 4.2 8.2 5.5 6.2 16.6 8.1 -8.2
Utilities | 2211,2 | 3.1 -1.5 -3.0 1.8 -1.6 3.8 5.4 -4.7 2.9 -.8
----------------------------------------------------------------------------------------------------------------------------------------------------
<1> The data are semiannual. Rates of change are calculated as the annualized percent change in the seasonally adjusted index
from the second quarter of the previous half-year to the second quarter of the half-year specified in the column heading.
<2> See footnote 2 to table 3.
1Table 8
Capacity utilization rates: 2010 Q4-2015 Q2
Percent of capacity, seasonally adjusted
------------------------------------------------------------------------------------------------------------------------------------------------------
| | 2010 2011 2012 2013 2014 2015
| NAICS | Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2
------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | | 75.3 75.9 76.7 76.9 76.5 76.6 77.0 78.0 78.8 77.8
| |
Manufacturing<1> | | 72.5 73.3 74.4 74.7 74.1 73.9 74.2 75.1 76.2 75.9
Manufacturing (NAICS) | 31-33 | 72.8 73.6 74.7 75.2 74.6 74.5 74.7 75.7 77.0 76.7
| |
Durable manufacturing | | 70.9 71.7 73.2 74.9 74.2 73.9 74.4 75.6 76.9 76.1
Wood products | 321 | 56.9 58.5 60.7 64.5 66.3 67.3 70.1 70.3 71.9 68.9
Nonmetallic mineral products | 327 | 51.5 52.6 53.3 54.7 55.8 57.8 59.0 60.8 62.5 63.0
Primary metals | 331 | 71.6 74.1 76.1 75.5 76.1 76.3 76.0 76.8 77.8 73.6
Fabricated metal products | 332 | 75.3 77.7 78.2 78.8 77.2 77.6 79.5 80.7 81.5 81.4
Machinery | 333 | 74.0 75.2 78.5 82.5 79.2 75.5 74.0 76.0 78.0 75.5
Computer and electronic products | 334 | 78.8 76.9 74.1 74.3 73.2 71.7 73.0 74.1 74.1 71.7
Selected high-technology industries | | 82.8 79.2 71.9 70.3 69.4 69.2 71.5 72.3 72.0 68.8
Computers and peripheral equipment | 3341 | 90.9 79.3 73.5 75.5 67.1 62.4 64.1 63.2 66.4 66.4
Communications equipment | 3342 | 79.2 79.5 74.1 70.0 76.2 85.8 85.9 76.2 74.1 73.0
Semiconductors and related | |
electronic components | 3344 | 82.7 79.1 71.1 69.5 68.1 66.3 69.2 73.3 72.9 68.3
Electrical equip., appliances, | |
and components | 335 | 77.4 78.6 80.4 81.6 81.7 80.5 81.1 82.1 83.0 85.1
Motor vehicles and parts | 3361-3 | 60.6 61.1 67.0 70.4 69.4 71.1 73.0 74.6 76.5 78.3
Aerospace and miscellaneous | |
transportation equipment | 3364-9 | 72.0 70.2 74.2 76.2 78.7 78.7 76.5 76.9 78.3 79.6
Furniture and related products | 337 | 63.4 65.7 66.4 69.7 69.8 71.6 72.2 75.1 78.9 78.0
Miscellaneous | 339 | 78.1 78.9 76.8 76.9 76.0 76.5 77.4 78.0 78.9 76.6
| |
Nondurable manufacturing | | 75.0 75.8 76.4 75.5 75.0 75.1 75.1 75.9 77.0 77.3
Food, beverage, and tobacco products | 311,2 | 76.7 77.4 77.6 77.8 78.2 78.7 79.0 78.9 79.1 79.4
Textile and product mills | 313,4 | 65.6 66.9 65.6 66.0 66.1 69.0 71.1 71.1 73.2 73.7
Apparel and leather | 315,6 | 68.5 67.9 66.1 66.1 63.0 61.8 64.0 64.9 65.7 65.0
Paper | 322 | 81.3 80.7 81.7 82.8 83.6 84.0 82.5 82.9 83.5 83.6
Printing and support | 323 | 65.0 63.9 62.2 62.8 62.0 62.5 63.2 62.6 63.3 63.1
Petroleum and coal products | 324 | 82.0 82.6 83.7 81.0 81.0 82.3 82.3 83.1 83.4 85.5
Chemicals | 325 | 73.3 74.7 75.7 73.2 71.5 70.4 70.1 71.5 73.7 73.8
Plastics and rubber products | 326 | 72.2 72.7 73.6 75.6 76.0 75.8 76.0 78.8 80.7 80.7
| |
Other manufacturing (non-NAICS) | 1133,5111 | 67.3 65.7 67.1 65.1 62.7 62.5 62.5 61.6 58.5 58.3
| |
Mining | 21 | 86.2 86.8 88.4 87.8 88.8 88.7 88.3 91.1 90.7 84.7
Utilities | 2211,2 | 82.5 81.2 79.2 79.3 78.4 79.8 81.7 79.4 80.0 79.3
------------------------------------------------------------------------------------------------------------------------------------------------------
<1> See footnote 2 to table 3.
1Table 9A
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) | | |
1985 | -.3 -.3 .8 -.4 .2 .2 -.6 .6 .1 -.3 .6 .4 | .2 .7 .1 2.2 | 1.6
1986 | 1.1 -.5 -.3 .4 .2 -.3 .4 .3 .2 .4 .5 .9 | 4.6 -.1 2.3 5.1 | 2.2
| | |
1987 | -.3 1.4 .1 .6 .7 .3 .8 .6 .5 1.6 .6 .6 | 5.9 7.0 7.6 11.5 | 5.7
1988 | -.2 .2 .3 .9 -.2 .2 .0 .1 .4 .5 .2 .5 | 2.8 4.4 .8 4.4 | 5.4
1989 | .8 -1.0 -.1 .2 -.9 .2 -1.1 .8 -.3 -.2 .2 .1 | 2.1 -2.8 -3.2 .4 | .8
1990 | -.2 1.5 .5 -.2 .1 .3 -.1 .3 .0 -.8 -1.1 -.7 | 4.3 3.1 1.1 -6.7 | .8
1991 | -.8 -.6 -.7 .3 .7 1.1 .3 .2 1.1 -.2 -.2 -.2 | -8.8 1.9 7.2 1.6 | -1.9
| | |
1992 | -.6 .9 1.0 .6 .6 .3 .9 -.4 .0 .7 .4 -.1 | .5 8.4 4.1 3.2 | 3.7
1993 | 1.0 .2 -.2 .5 -.1 -.2 .3 -.2 .6 .9 .4 .6 | 4.5 1.4 .8 6.9 | 3.5
1994 | .2 .1 1.3 .8 .7 .3 .4 .8 .5 1.0 .8 1.1 | 4.8 9.5 6.2 10.4 | 5.9
1995 | .2 -.2 .3 -.1 .1 .5 -.6 1.1 .9 -.1 .1 .4 | 4.7 .9 3.1 4.4 | 5.3
1996 | -.8 1.6 -.2 1.1 .8 1.0 .2 .5 .8 -.2 .9 .9 | 1.9 9.9 7.5 5.9 | 4.9
| | |
1997 | .1 1.4 1.1 -.2 .8 .7 .7 1.3 .9 .9 1.1 .4 | 9.4 7.5 10.8 11.7 | 8.5
1998 | .9 .1 -.1 .5 .5 -.8 -.4 2.4 -.2 1.0 .2 .5 | 6.3 2.2 3.1 7.9 | 6.8
1999 | .3 .8 -.1 .4 .9 -.3 .5 .6 -.4 1.5 .6 .7 | 4.9 4.4 3.4 9.0 | 5.0
2000 | .1 .2 .7 .8 -.1 .2 .1 -.7 .4 -.3 -.3 -.6 | 4.8 5.2 -.4 -2.6 | 4.3
2001 | -.6 -.6 -.3 -.3 -.8 -.7 -.5 -.5 -.2 -.6 -.3 .3 | -6.4 -5.6 -6.2 -4.1 | -3.9
| | |
2002 | .5 .0 .8 .2 .5 1.1 -.3 .2 .1 -.4 .5 -.5 | 3.5 5.8 3.2 -.3 | .3
2003 | .5 .1 .1 -.9 .1 .5 .2 -.5 .8 .1 1.0 -.2 | 1.8 -1.9 2.0 4.3 | 1.3
2004 | -.1 .7 -.2 .4 .8 -.7 .9 .4 .0 1.0 -.1 .7 | 1.9 3.0 3.8 5.4 | 2.8
2005 | .8 .8 -.5 .3 .4 .2 -.3 .4 -1.0 1.5 .8 .1 | 6.5 2.4 -.6 6.4 | 4.0
2006 | .8 -.3 -.1 .6 -.4 .3 -.3 .6 .1 -.3 .1 1.5 | 3.8 .9 .8 1.7 | 2.6
| | |
2007 | -.5 .4 .8 .7 -.1 .3 .1 -.3 .4 -.4 .5 .1 | 4.2 5.8 .7 .5 | 2.7
2008 | -.4 -.6 -.3 -1.1 -.5 -.5 -1.1 -1.2 -3.4 -.6 -2.4 -3.4 | -2.7 -7.6 -13.4 -21.4 | -4.7
2009 | -3.0 -.2 -1.9 -.8 -1.1 -.4 1.4 1.1 .8 .2 .9 -.2 | -24.2 -11.3 7.7 7.2 | -13.7
2010 | 1.1 -.1 1.2 .9 1.4 -.1 .7 .2 .1 .1 .0 .4 | 6.8 10.9 5.0 1.5 | 5.9
2011 | .3 .0 .5 -.6 .2 .0 .7 .3 .4 .6 -.3 .7 | 2.9 -.4 4.6 3.8 | 3.0
| | |
2012 | 1.0 .3 -.6 .7 -.5 .1 .0 -.3 .0 -.2 .7 .7 | 5.5 .5 -1.0 1.3 | 2.7
2013 | -.2 .4 -.3 -.3 .2 .2 -.8 .9 .2 .2 -.1 .0 | 2.5 -.5 .5 2.7 | .9
2014 | -.8 1.1 .7 .3 .2 .4 .7 -.4 .2 .3 .9 .0 | .7 5.9 3.8 3.4 | 2.5
2015 | -.3 -.3 .2 .3 .1 -.1 | -.7 1.5 |
| | |
IP (2012=100) | | |
1985 | 54.4 54.2 54.7 54.4 54.5 54.6 54.3 54.6 54.7 54.5 54.9 55.1 | 54.4 54.5 54.6 54.9 | 54.6
1986 | 55.7 55.4 55.3 55.5 55.6 55.4 55.6 55.8 55.9 56.1 56.4 56.9 | 55.5 55.5 55.8 56.5 | 55.8
| | |
1987 | 56.7 57.5 57.6 57.9 58.3 58.5 59.0 59.4 59.7 60.6 61.0 61.3 | 57.3 58.3 59.4 61.0 | 59.0
1988 | 61.3 61.4 61.6 62.1 62.0 62.1 62.1 62.1 62.4 62.7 62.8 63.1 | 61.4 62.1 62.2 62.9 | 62.1
1989 | 63.6 63.0 62.9 63.1 62.5 62.6 62.0 62.5 62.3 62.2 62.4 62.4 | 63.2 62.8 62.3 62.3 | 62.6
1990 | 62.3 63.2 63.5 63.3 63.4 63.6 63.5 63.7 63.7 63.2 62.5 62.0 | 63.0 63.5 63.6 62.6 | 63.2
1991 | 61.5 61.1 60.7 60.9 61.3 62.0 62.2 62.3 63.0 62.9 62.7 62.6 | 61.1 61.4 62.5 62.7 | 61.9
| | |
1992 | 62.2 62.8 63.4 63.8 64.2 64.3 64.9 64.7 64.7 65.1 65.4 65.3 | 62.8 64.1 64.8 65.3 | 64.2
1993 | 65.9 66.1 65.9 66.3 66.2 66.1 66.3 66.1 66.6 67.1 67.4 67.8 | 66.0 66.2 66.3 67.4 | 66.5
1994 | 67.9 68.0 68.9 69.4 69.9 70.1 70.4 70.9 71.3 72.0 72.6 73.4 | 68.2 69.8 70.9 72.7 | 70.4
1995 | 73.5 73.4 73.6 73.5 73.6 73.9 73.5 74.3 74.9 74.9 75.0 75.2 | 73.5 73.7 74.2 75.0 | 74.1
1996 | 74.6 75.8 75.7 76.5 77.1 77.9 78.1 78.5 79.2 79.0 79.7 80.4 | 75.4 77.2 78.6 79.7 | 77.7
| | |
1997 | 80.5 81.6 82.5 82.4 83.0 83.6 84.2 85.3 86.1 86.8 87.8 88.1 | 81.5 83.0 85.2 87.6 | 84.3
1998 | 88.9 89.0 88.9 89.3 89.8 89.1 88.7 90.9 90.7 91.5 91.7 92.2 | 88.9 89.4 90.1 91.8 | 90.1
1999 | 92.5 93.2 93.1 93.5 94.3 94.0 94.4 95.0 94.7 96.1 96.7 97.4 | 92.9 93.9 94.7 96.8 | 94.6
2000 | 97.5 97.7 98.4 99.2 99.1 99.3 99.4 98.7 99.1 98.8 98.5 97.9 | 97.9 99.2 99.1 98.4 | 98.6
2001 | 97.3 96.7 96.4 96.1 95.4 94.7 94.3 93.8 93.6 93.0 92.7 93.0 | 96.8 95.4 93.9 92.9 | 94.7
| | |
2002 | 93.5 93.5 94.2 94.4 94.9 95.9 95.6 95.8 96.0 95.6 96.0 95.6 | 93.7 95.1 95.8 95.7 | 95.1
2003 | 96.0 96.2 96.3 95.5 95.6 96.0 96.2 95.8 96.5 96.6 97.6 97.4 | 96.2 95.7 96.2 97.2 | 96.3
2004 | 97.3 97.9 97.8 98.1 98.9 98.2 99.0 99.5 99.4 100.4 100.4 101.0 | 97.7 98.4 99.3 100.6 | 99.0
2005 | 101.8 102.7 102.2 102.5 102.9 103.1 102.8 103.1 102.1 103.7 104.5 104.6 | 102.2 102.8 102.7 104.3 | 103.0
2006 | 105.5 105.2 105.1 105.7 105.2 105.5 105.3 105.9 106.0 105.6 105.7 107.2 | 105.3 105.5 105.7 106.2 | 105.7
| | |
2007 | 106.7 107.1 108.0 108.7 108.6 109.0 109.1 108.7 109.2 108.7 109.3 109.4 | 107.2 108.8 109.0 109.1 | 108.5
2008 | 108.9 108.3 107.9 106.8 106.3 105.7 104.5 103.3 99.8 99.2 96.8 93.5 | 108.4 106.3 102.5 96.5 | 103.4
2009 | 90.7 90.6 88.9 88.1 87.2 86.9 88.1 89.1 89.9 90.1 90.9 90.8 | 90.0 87.4 89.0 90.6 | 89.3
2010 | 91.8 91.7 92.8 93.6 95.0 94.9 95.5 95.7 95.8 95.9 95.9 96.3 | 92.1 94.5 95.7 96.0 | 94.6
2011 | 96.5 96.5 97.1 96.5 96.7 96.7 97.4 97.7 98.0 98.6 98.3 99.0 | 96.7 96.6 97.7 98.6 | 97.4
| | |
2012 | 100.0 100.2 99.7 100.3 99.9 100.0 100.0 99.7 99.7 99.5 100.2 100.8 | 100.0 100.1 99.8 100.2 | 100.0
2013 | 100.6 101.0 100.7 100.5 100.7 100.8 100.1 101.0 101.2 101.5 101.4 101.4 | 100.8 100.6 100.8 101.4 | 100.9
2014 | 100.6 101.7 102.5 102.8 103.0 103.5 104.2 103.9 104.1 104.3 105.2 105.2 | 101.6 103.1 104.1 104.9 | 103.4
2015 | 104.9 104.6 104.7 105.1 105.2 105.1 | 104.7 105.1 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 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 9B
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 | | |
2012 output) | | |
1985 | 68.9 69.1 69.3 69.5 69.7 69.9 70.1 70.2 70.4 70.5 70.6 70.7 | 69.1 69.7 70.2 70.6 | 69.9
1986 | 70.8 70.8 70.9 71.0 71.0 71.1 71.2 71.2 71.3 71.5 71.6 71.7 | 70.8 71.0 71.2 71.6 | 71.2
| | |
1987 | 71.9 72.1 72.2 72.4 72.6 72.8 73.0 73.2 73.3 73.4 73.6 73.7 | 72.1 72.6 73.1 73.6 | 72.8
1988 | 73.7 73.8 73.9 73.9 73.9 74.0 74.0 74.0 74.1 74.1 74.2 74.3 | 73.8 73.9 74.0 74.2 | 74.0
1989 | 74.4 74.5 74.6 74.8 74.9 75.1 75.3 75.4 75.6 75.8 76.0 76.2 | 74.5 74.9 75.4 76.0 | 75.2
1990 | 76.4 76.6 76.8 77.0 77.2 77.3 77.5 77.7 77.8 78.0 78.1 78.2 | 76.6 77.2 77.7 78.1 | 77.4
1991 | 78.3 78.4 78.5 78.6 78.7 78.8 78.9 79.0 79.1 79.2 79.4 79.5 | 78.4 78.7 79.0 79.4 | 78.9
| | |
1992 | 79.7 79.8 80.0 80.2 80.4 80.6 80.8 81.0 81.2 81.4 81.6 81.7 | 79.8 80.4 81.0 81.6 | 80.7
1993 | 81.9 82.0 82.2 82.3 82.4 82.6 82.7 82.8 83.0 83.1 83.3 83.4 | 82.0 82.4 82.8 83.3 | 82.6
1994 | 83.6 83.8 84.1 84.3 84.6 84.8 85.1 85.4 85.7 86.1 86.4 86.7 | 83.8 84.6 85.4 86.4 | 85.1
1995 | 87.1 87.4 87.8 88.1 88.5 88.9 89.2 89.6 90.1 90.5 90.9 91.4 | 87.4 88.5 89.7 90.9 | 89.1
1996 | 91.9 92.3 92.8 93.3 93.8 94.4 94.9 95.4 95.9 96.4 97.0 97.5 | 92.4 93.8 95.4 97.0 | 94.6
| | |
1997 | 98.1 98.7 99.3 99.9 100.5 101.1 101.8 102.5 103.3 104.0 104.8 105.6 | 98.7 100.5 102.5 104.8 | 101.6
1998 | 106.4 107.2 108.0 108.8 109.6 110.3 111.1 111.7 112.4 113.0 113.6 114.2 | 107.2 109.6 111.7 113.6 | 110.5
1999 | 114.8 115.4 115.9 116.4 116.9 117.5 118.0 118.5 119.0 119.5 120.1 120.6 | 115.3 116.9 118.5 120.1 | 117.7
2000 | 121.1 121.6 122.2 122.7 123.2 123.7 124.2 124.6 125.1 125.6 126.0 126.4 | 121.6 123.2 124.6 126.0 | 123.9
2001 | 126.9 127.2 127.6 128.0 128.3 128.6 128.9 129.1 129.4 129.6 129.7 129.9 | 127.2 128.3 129.1 129.7 | 128.6
| | |
2002 | 130.0 130.1 130.2 130.2 130.3 130.3 130.3 130.3 130.3 130.3 130.3 130.3 | 130.1 130.3 130.3 130.3 | 130.2
2003 | 130.3 130.3 130.3 130.3 130.3 130.2 130.2 130.1 130.1 130.0 130.0 129.9 | 130.3 130.2 130.1 130.0 | 130.2
2004 | 129.8 129.7 129.7 129.6 129.5 129.5 129.5 129.5 129.5 129.6 129.7 129.9 | 129.7 129.5 129.5 129.7 | 129.6
2005 | 130.1 130.3 130.5 130.8 131.1 131.4 131.7 132.0 132.3 132.5 132.8 133.0 | 130.3 131.1 132.0 132.8 | 131.5
2006 | 133.2 133.5 133.6 133.8 134.0 134.2 134.4 134.6 134.8 135.1 135.4 135.7 | 133.4 134.0 134.6 135.4 | 134.4
| | |
2007 | 136.0 136.3 136.6 137.0 137.3 137.7 138.0 138.3 138.5 138.7 138.8 138.9 | 136.3 137.3 138.2 138.8 | 137.7
2008 | 139.0 138.9 138.9 138.8 138.6 138.4 138.3 138.1 137.9 137.7 137.5 137.2 | 138.9 138.6 138.1 137.5 | 138.3
2009 | 137.0 136.8 136.6 136.4 136.2 136.0 135.8 135.6 135.4 135.2 135.0 134.8 | 136.8 136.2 135.6 135.0 | 135.9
2010 | 134.6 134.3 134.1 133.9 133.6 133.4 133.2 132.9 132.7 132.5 132.4 132.2 | 134.3 133.6 132.9 132.4 | 133.3
2011 | 132.1 132.0 131.9 131.9 131.9 131.9 132.0 132.1 132.3 132.4 132.6 132.8 | 132.0 131.9 132.1 132.6 | 132.2
| | |
2012 | 133.0 133.2 133.5 133.7 133.9 134.2 134.4 134.6 134.8 135.0 135.2 135.4 | 133.2 133.9 134.6 135.2 | 134.2
2013 | 135.5 135.7 135.9 136.0 136.1 136.2 136.3 136.4 136.5 136.6 136.7 136.8 | 135.7 136.1 136.4 136.7 | 136.2
2014 | 136.9 137.0 137.1 137.1 137.2 137.3 137.4 137.4 137.5 137.6 137.7 137.8 | 137.0 137.2 137.4 137.7 | 137.3
2015 | 137.9 138.1 138.2 138.3 138.5 138.6 | 138.1 138.5 |
| | |
Utilization | | |
(percent) | | |
1985 | 78.9 78.4 78.8 78.3 78.2 78.2 77.5 77.8 77.7 77.4 77.8 78.0 | 78.7 78.2 77.7 77.7 | 78.1
1986 | 78.8 78.3 78.0 78.2 78.2 77.9 78.2 78.3 78.4 78.6 78.8 79.3 | 78.3 78.1 78.3 78.9 | 78.4
| | |
1987 | 78.9 79.9 79.7 80.0 80.3 80.4 80.8 81.2 81.4 82.5 82.9 83.3 | 79.5 80.2 81.1 82.9 | 80.9
1988 | 83.1 83.2 83.4 84.0 83.9 84.0 83.9 83.9 84.2 84.6 84.7 85.0 | 83.2 84.0 84.0 84.7 | 84.0
1989 | 85.6 84.6 84.4 84.4 83.5 83.4 82.3 82.8 82.4 82.1 82.0 81.9 | 84.8 83.8 82.5 82.0 | 83.3
1990 | 81.5 82.5 82.7 82.3 82.2 82.2 82.0 82.0 81.8 81.0 80.0 79.3 | 82.2 82.2 81.9 80.1 | 81.6
1991 | 78.6 78.0 77.3 77.5 77.9 78.7 78.8 78.9 79.6 79.3 79.1 78.8 | 78.0 78.0 79.1 79.1 | 78.5
| | |
1992 | 78.1 78.7 79.3 79.5 79.8 79.8 80.3 79.8 79.7 80.0 80.2 79.9 | 78.7 79.7 79.9 80.0 | 79.6
1993 | 80.5 80.5 80.2 80.5 80.3 80.1 80.2 79.9 80.2 80.8 81.0 81.2 | 80.4 80.3 80.1 81.0 | 80.5
1994 | 81.2 81.1 81.9 82.4 82.7 82.6 82.7 83.0 83.2 83.7 84.0 84.6 | 81.4 82.6 83.0 84.1 | 82.8
1995 | 84.5 83.9 83.8 83.4 83.2 83.2 82.3 82.9 83.2 82.8 82.4 82.3 | 84.1 83.2 82.8 82.5 | 83.2
1996 | 81.3 82.1 81.5 82.0 82.2 82.5 82.3 82.3 82.5 81.9 82.2 82.4 | 81.6 82.2 82.4 82.2 | 82.1
| | |
1997 | 82.0 82.7 83.1 82.5 82.6 82.7 82.7 83.2 83.3 83.5 83.7 83.5 | 82.6 82.6 83.1 83.6 | 83.0
1998 | 83.5 83.0 82.3 82.1 81.9 80.7 79.9 81.3 80.7 81.0 80.7 80.7 | 82.9 81.6 80.6 80.8 | 81.5
1999 | 80.5 80.8 80.3 80.3 80.7 80.0 80.0 80.2 79.6 80.4 80.6 80.8 | 80.6 80.3 79.9 80.6 | 80.3
2000 | 80.5 80.4 80.6 80.8 80.4 80.3 80.1 79.2 79.2 78.7 78.2 77.4 | 80.5 80.5 79.5 78.1 | 79.6
2001 | 76.7 76.0 75.5 75.1 74.3 73.6 73.1 72.6 72.3 71.8 71.5 71.6 | 76.1 74.4 72.7 71.6 | 73.7
| | |
2002 | 71.9 71.9 72.4 72.5 72.8 73.6 73.4 73.5 73.6 73.3 73.7 73.3 | 72.0 73.0 73.5 73.5 | 73.0
2003 | 73.7 73.8 73.9 73.3 73.4 73.8 73.9 73.6 74.2 74.3 75.1 75.0 | 73.8 73.5 73.9 74.8 | 74.0
2004 | 74.9 75.5 75.4 75.7 76.3 75.8 76.5 76.8 76.8 77.5 77.4 77.8 | 75.3 76.0 76.7 77.6 | 76.4
2005 | 78.3 78.8 78.3 78.4 78.5 78.5 78.0 78.1 77.2 78.3 78.7 78.6 | 78.5 78.4 77.8 78.5 | 78.3
2006 | 79.2 78.8 78.6 79.0 78.5 78.7 78.3 78.7 78.6 78.2 78.1 79.0 | 78.9 78.7 78.5 78.4 | 78.6
| | |
2007 | 78.4 78.6 79.0 79.4 79.1 79.1 79.0 78.6 78.8 78.4 78.7 78.7 | 78.7 79.2 78.8 78.6 | 78.8
2008 | 78.4 77.9 77.7 76.9 76.7 76.3 75.6 74.8 72.4 72.0 70.5 68.1 | 78.0 76.7 74.2 70.2 | 74.8
2009 | 66.2 66.2 65.0 64.6 64.0 63.9 64.9 65.7 66.4 66.6 67.4 67.4 | 65.8 64.2 65.7 67.1 | 65.7
2010 | 68.2 68.3 69.2 69.9 71.1 71.1 71.7 72.0 72.1 72.4 72.4 72.8 | 68.6 70.7 72.0 72.5 | 70.9
2011 | 73.1 73.2 73.6 73.2 73.3 73.3 73.8 73.9 74.1 74.5 74.1 74.5 | 73.3 73.3 73.9 74.4 | 73.7
| | |
2012 | 75.1 75.2 74.7 75.0 74.6 74.5 74.4 74.1 74.0 73.7 74.1 74.5 | 75.0 74.7 74.2 74.1 | 74.5
2013 | 74.2 74.4 74.1 73.9 73.9 74.0 73.4 74.0 74.1 74.2 74.2 74.1 | 74.3 73.9 73.8 74.2 | 74.1
2014 | 73.5 74.3 74.8 75.0 75.1 75.4 75.9 75.6 75.7 75.8 76.4 76.3 | 74.2 75.1 75.7 76.2 | 75.3
2015 | 76.1 75.7 75.8 76.0 76.0 75.8 | 75.9 75.9 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
<1> See footnote 2 to table 3.
1Table 10A
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) | | |
1985 | -.3 .5 .2 -.1 .1 .0 -.6 .4 .5 -.4 .3 1.1 | 1.0 .9 -.2 2.5 | 1.0
1986 | .5 -.7 -.7 .1 .1 -.2 .2 -.2 .1 .4 .4 .8 | 2.4 -2.5 .4 4.0 | .9
| | |
1987 | -.5 1.2 .2 .5 .6 .4 .6 .7 .1 1.4 .5 .4 | 4.4 6.3 6.3 9.0 | 4.3
1988 | .1 .4 .2 .5 -.2 .2 .0 .4 -.3 .4 .2 .5 | 3.3 2.6 1.0 2.6 | 4.4
1989 | .3 -.5 .3 .0 -.7 .0 -1.1 .8 -.3 -.2 .3 .6 | 2.1 -1.6 -3.5 .9 | .6
1990 | -.7 .9 .5 -.1 .1 .3 -.1 .3 .1 -.8 -1.3 -.7 | 2.1 2.7 1.3 -6.7 | .4
1991 | -.4 -.8 -.6 .2 .9 .9 .0 .0 .9 -.2 -.2 -.6 | -8.0 1.9 5.4 .4 | -2.0
| | |
1992 | -.8 .7 .8 .6 .3 -.1 .8 -.6 .1 .6 .3 .1 | -1.9 6.2 1.9 3.0 | 1.9
1993 | .4 .4 -.2 .3 -.4 .2 .3 -.2 .4 .7 .3 .5 | 3.2 .2 1.3 5.3 | 2.5
1994 | .3 .0 .9 .3 .4 .6 .0 .3 .1 .6 .4 .9 | 4.2 5.4 3.1 5.7 | 4.0
1995 | .1 -.2 -.1 -.3 .1 .2 -.5 1.1 .1 -.4 .1 .1 | 2.8 -1.2 1.3 .4 | 2.4
1996 | -1.0 1.3 -.3 .8 .5 .6 -.5 .3 .5 -.4 .8 .5 | -.5 6.6 2.0 3.0 | 1.7
| | |
1997 | -.1 .9 .4 -.2 .3 .2 .5 .8 .7 .7 .6 .1 | 5.2 2.5 6.3 7.7 | 4.2
1998 | .3 .0 .0 .2 .6 -1.0 -.7 1.9 -.6 .6 -.3 .1 | 2.1 .7 -.4 2.4 | 3.1
1999 | .1 .2 -.1 -.1 .5 -.5 .3 .4 -.5 1.2 .2 .5 | .6 .3 .9 5.5 | 1.1
2000 | -.3 .0 .1 .5 -.1 -.1 -.4 -.5 .3 -.4 -.1 -.5 | .5 1.8 -3.1 -2.6 | 1.0
2001 | -.7 -.6 -.3 -.1 -.6 -.5 -.3 -.2 -.4 -.5 -.5 -.1 | -5.8 -4.4 -4.4 -4.5 | -3.9
| | |
2002 | .7 -.1 .8 .4 .4 .9 -.3 -.1 .1 -.3 .5 -.6 | 2.7 6.3 1.9 -.7 | .3
2003 | .6 .1 -.3 -.9 -.1 -.1 .3 -.3 .5 .0 .8 -.1 | 1.5 -4.6 .7 2.8 | .2
2004 | .1 .6 -.6 .4 .8 -.8 .8 .0 .0 .9 .2 .7 | 1.9 2.0 2.1 5.2 | 1.7
2005 | .4 .6 -.2 .0 .1 .4 -.4 .1 -2.1 1.2 1.0 .6 | 4.8 1.3 -3.1 2.5 | 2.5
2006 | .1 -.1 .2 .4 -.2 .3 -.1 .3 -.3 -.1 -.2 1.0 | 3.2 1.8 .6 .3 | 1.4
| | |
2007 | -.5 1.0 -.1 .6 .1 .1 .0 .1 .3 -.7 .4 -.1 | 3.0 4.0 1.0 -1.0 | 1.8
2008 | -.3 -.4 -.4 -.8 -.5 -.2 -.5 -1.5 -4.4 1.2 -1.0 -2.7 | -2.6 -6.4 -12.3 -14.7 | -4.2
2009 | -2.3 -.7 -1.7 -.9 -1.1 -.4 1.1 1.1 .7 .4 .2 .3 | -20.0 -11.9 5.7 6.1 | -11.3
2010 | 1.1 .2 .6 .3 1.5 .2 .5 .3 .2 -.3 .0 .8 | 7.0 7.7 5.8 .8 | 5.0
2011 | -.1 -.5 .9 -.4 .2 .2 .4 .6 .0 .7 -.2 .5 | 1.5 .9 4.2 3.9 | 2.7
| | |
2012 | .8 .2 -.7 .8 .1 -.1 .3 -.4 .0 .2 .5 .2 | 3.6 1.7 .0 2.0 | 2.6
2013 | .1 .4 .2 .0 -.1 .2 -.4 .8 .6 .0 .3 .3 | 3.1 1.0 1.6 3.7 | 1.9
2014 | -.2 .8 .8 .2 .3 .5 .4 .0 .5 .1 .9 .1 | 3.8 5.7 4.0 4.7 | 3.8
2015 | -.3 -.1 -.1 -.3 -.2 .2 | -.1 -1.7 |
| | |
IP (2012=100) | | |
1985 | 75.2 75.6 75.7 75.6 75.7 75.7 75.3 75.6 76.0 75.7 75.9 76.7 | 75.5 75.7 75.7 76.1 | 75.7
1986 | 77.1 76.6 76.0 76.1 76.2 76.0 76.2 76.1 76.2 76.5 76.8 77.4 | 76.6 76.1 76.2 76.9 | 76.4
| | |
1987 | 77.1 78.0 78.2 78.6 79.0 79.3 79.8 80.3 80.4 81.6 82.0 82.3 | 77.8 79.0 80.2 81.9 | 79.7
1988 | 82.3 82.7 82.8 83.2 83.0 83.2 83.2 83.6 83.3 83.7 83.8 84.2 | 82.6 83.1 83.3 83.9 | 83.2
1989 | 84.5 84.1 84.4 84.4 83.8 83.8 82.9 83.6 83.3 83.1 83.3 83.8 | 84.3 84.0 83.2 83.4 | 83.7
1990 | 83.2 84.0 84.4 84.3 84.4 84.6 84.5 84.7 84.8 84.1 83.1 82.5 | 83.8 84.4 84.7 83.2 | 84.0
1991 | 82.1 81.5 80.9 81.1 81.9 82.7 82.7 82.7 83.5 83.3 83.2 82.7 | 81.5 81.9 83.0 83.1 | 82.4
| | |
1992 | 82.1 82.6 83.3 83.8 84.0 83.9 84.6 84.1 84.2 84.7 85.0 85.1 | 82.7 83.9 84.3 84.9 | 83.9
1993 | 85.4 85.7 85.6 85.8 85.5 85.6 85.9 85.7 86.1 86.7 87.0 87.4 | 85.6 85.6 85.9 87.0 | 86.0
1994 | 87.7 87.7 88.4 88.7 89.0 89.5 89.5 89.9 89.9 90.5 90.9 91.7 | 87.9 89.1 89.8 91.0 | 89.5
1995 | 91.9 91.6 91.5 91.3 91.4 91.5 91.0 92.0 92.1 91.7 91.8 91.9 | 91.7 91.4 91.7 91.8 | 91.6
1996 | 91.0 92.2 91.9 92.6 93.1 93.7 93.2 93.6 94.0 93.7 94.4 94.9 | 91.7 93.2 93.6 94.3 | 93.2
| | |
1997 | 94.8 95.7 96.1 95.8 96.1 96.3 96.9 97.6 98.2 99.0 99.6 99.7 | 95.5 96.1 97.6 99.4 | 97.1
1998 | 99.9 99.9 99.9 100.0 100.6 99.6 98.9 100.8 100.2 100.8 100.5 100.5 | 99.9 100.1 100.0 100.6 | 100.2
1999 | 100.7 100.8 100.7 100.6 101.2 100.7 101.0 101.4 100.9 102.1 102.3 102.9 | 100.8 100.8 101.1 102.4 | 101.3
2000 | 102.5 102.5 102.6 103.1 103.0 102.9 102.5 101.9 102.2 101.8 101.6 101.2 | 102.6 103.0 102.2 101.5 | 102.3
2001 | 100.5 99.9 99.6 99.5 98.9 98.3 98.0 97.9 97.5 97.0 96.6 96.5 | 100.0 98.9 97.8 96.7 | 98.4
| | |
2002 | 97.2 97.0 97.8 98.2 98.6 99.6 99.3 99.2 99.3 99.0 99.4 98.9 | 97.3 98.8 99.3 99.1 | 98.6
2003 | 99.5 99.6 99.3 98.4 98.3 98.2 98.5 98.2 98.7 98.7 99.4 99.3 | 99.4 98.3 98.4 99.1 | 98.8
2004 | 99.4 100.0 99.4 99.8 100.6 99.8 100.6 100.6 100.6 101.5 101.7 102.4 | 99.6 100.1 100.6 101.9 | 100.5
2005 | 102.7 103.3 103.1 103.2 103.3 103.7 103.3 103.4 101.1 102.4 103.4 104.0 | 103.1 103.4 102.6 103.2 | 103.1
2006 | 104.0 103.9 104.2 104.6 104.3 104.7 104.6 104.9 104.6 104.5 104.4 105.4 | 104.1 104.5 104.7 104.8 | 104.5
| | |
2007 | 104.8 105.9 105.9 106.5 106.6 106.7 106.7 106.8 107.1 106.3 106.8 106.6 | 105.5 106.6 106.8 106.6 | 106.4
2008 | 106.3 105.9 105.5 104.6 104.0 103.8 103.3 101.8 97.3 98.4 97.4 94.8 | 105.9 104.1 100.8 96.9 | 101.9
2009 | 92.5 91.9 90.4 89.5 88.6 88.2 89.1 90.1 90.8 91.1 91.3 91.6 | 91.6 88.8 90.0 91.3 | 90.4
2010 | 92.6 92.7 93.3 93.6 95.0 95.2 95.7 96.0 96.2 95.9 95.9 96.7 | 92.9 94.6 96.0 96.2 | 94.9
2011 | 96.6 96.1 96.9 96.5 96.8 97.0 97.4 97.9 97.9 98.6 98.5 98.9 | 96.5 96.7 97.7 98.7 | 97.4
| | |
2012 | 99.7 99.9 99.1 100.0 100.0 99.9 100.2 99.8 99.9 100.1 100.6 100.8 | 99.6 100.0 100.0 100.5 | 100.0
2013 | 100.9 101.3 101.5 101.5 101.4 101.6 101.2 102.0 102.6 102.6 102.8 103.1 | 101.3 101.5 101.9 102.8 | 101.9
2014 | 103.0 103.8 104.6 104.8 105.2 105.7 106.1 106.1 106.7 106.8 107.8 107.9 | 103.8 105.2 106.3 107.5 | 105.7
2015 | 107.6 107.5 107.4 107.0 106.9 107.1 | 107.5 107.0 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 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 10B
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 | | |
2012 output) | | |
1985 | 94.6 94.8 95.0 95.1 95.3 95.5 95.6 95.8 95.9 96.0 96.2 96.3 | 94.8 95.3 95.8 96.2 | 95.5
1986 | 96.4 96.5 96.5 96.6 96.7 96.8 96.9 96.9 97.0 97.1 97.2 97.3 | 96.5 96.7 96.9 97.2 | 96.8
| | |
1987 | 97.4 97.5 97.6 97.7 97.8 97.9 98.0 98.1 98.2 98.2 98.3 98.3 | 97.5 97.8 98.1 98.3 | 97.9
1988 | 98.4 98.4 98.4 98.4 98.4 98.4 98.4 98.4 98.5 98.5 98.6 98.7 | 98.4 98.4 98.5 98.6 | 98.5
1989 | 98.8 98.9 99.0 99.1 99.3 99.4 99.6 99.8 100.0 100.1 100.3 100.5 | 98.9 99.3 99.8 100.3 | 99.6
1990 | 100.7 100.8 101.0 101.2 101.3 101.5 101.6 101.7 101.9 102.0 102.1 102.2 | 100.8 101.3 101.7 102.1 | 101.5
1991 | 102.4 102.5 102.6 102.7 102.8 102.9 103.0 103.1 103.2 103.3 103.4 103.5 | 102.5 102.8 103.1 103.4 | 102.9
| | |
1992 | 103.6 103.7 103.8 103.9 104.0 104.1 104.2 104.3 104.5 104.6 104.7 104.8 | 103.7 104.0 104.3 104.7 | 104.2
1993 | 104.9 105.0 105.1 105.2 105.3 105.4 105.5 105.6 105.7 105.8 106.0 106.1 | 105.0 105.3 105.6 106.0 | 105.5
1994 | 106.2 106.3 106.5 106.6 106.7 106.9 107.1 107.2 107.4 107.6 107.8 108.0 | 106.3 106.8 107.2 107.8 | 107.0
1995 | 108.2 108.4 108.6 108.8 109.0 109.2 109.4 109.6 109.8 110.0 110.2 110.4 | 108.4 109.0 109.6 110.2 | 109.3
1996 | 110.6 110.8 111.0 111.2 111.4 111.6 111.8 112.0 112.3 112.5 112.8 113.1 | 110.8 111.4 112.0 112.8 | 111.8
| | |
1997 | 113.4 113.7 114.1 114.4 114.8 115.2 115.6 116.1 116.5 116.9 117.4 117.8 | 113.8 114.8 116.1 117.4 | 115.5
1998 | 118.3 118.7 119.2 119.6 120.1 120.5 120.9 121.3 121.7 122.1 122.4 122.8 | 118.7 120.1 121.3 122.4 | 120.6
1999 | 123.1 123.4 123.7 124.0 124.2 124.5 124.7 125.0 125.2 125.4 125.6 125.7 | 123.4 124.2 125.0 125.6 | 124.5
2000 | 125.9 126.1 126.2 126.4 126.5 126.7 126.8 126.9 127.1 127.2 127.3 127.5 | 126.1 126.5 126.9 127.3 | 126.7
2001 | 127.6 127.8 127.9 128.1 128.2 128.4 128.5 128.7 128.8 129.0 129.1 129.2 | 127.8 128.2 128.7 129.1 | 128.4
| | |
2002 | 129.3 129.4 129.5 129.6 129.6 129.6 129.6 129.6 129.5 129.4 129.3 129.2 | 129.4 129.6 129.5 129.3 | 129.5
2003 | 129.1 129.0 128.9 128.8 128.7 128.6 128.5 128.4 128.4 128.3 128.3 128.2 | 129.0 128.7 128.5 128.3 | 128.6
2004 | 128.2 128.1 128.1 128.1 128.0 128.0 127.9 127.9 127.9 127.8 127.8 127.8 | 128.1 128.0 127.9 127.8 | 128.0
2005 | 127.8 127.9 127.9 128.0 128.1 128.2 128.3 128.4 128.5 128.7 128.8 129.0 | 127.9 128.1 128.4 128.8 | 128.3
2006 | 129.2 129.3 129.5 129.7 129.9 130.1 130.3 130.5 130.6 130.8 131.0 131.2 | 129.3 129.9 130.5 131.0 | 130.2
| | |
2007 | 131.3 131.5 131.6 131.7 131.7 131.8 131.8 131.8 131.7 131.6 131.5 131.5 | 131.4 131.7 131.7 131.5 | 131.6
2008 | 131.4 131.3 131.2 131.2 131.1 131.2 131.2 131.3 131.5 131.6 131.8 131.9 | 131.3 131.2 131.3 131.8 | 131.4
2009 | 132.1 132.2 132.3 132.3 132.3 132.3 132.2 132.0 131.8 131.6 131.3 131.0 | 132.2 132.3 132.0 131.3 | 131.9
2010 | 130.7 130.4 130.1 129.8 129.5 129.2 128.9 128.7 128.5 128.3 128.1 128.0 | 130.4 129.5 128.7 128.1 | 129.2
2011 | 127.9 127.8 127.7 127.7 127.7 127.7 127.8 127.9 128.0 128.2 128.3 128.5 | 127.8 127.7 127.9 128.3 | 127.9
| | |
2012 | 128.7 128.9 129.2 129.4 129.6 129.9 130.1 130.3 130.5 130.7 130.9 131.1 | 128.9 129.6 130.3 130.9 | 129.9
2013 | 131.3 131.5 131.7 131.9 132.0 132.2 132.4 132.6 132.8 133.0 133.2 133.4 | 131.5 132.0 132.6 133.2 | 132.3
2014 | 133.7 133.9 134.2 134.4 134.7 134.9 135.2 135.4 135.6 135.8 136.0 136.2 | 133.9 134.7 135.4 136.0 | 135.0
2015 | 136.4 136.6 136.7 136.9 137.0 137.2 | 136.6 137.0 |
| | |
Utilization | | |
(percent) | | |
1985 | 79.5 79.8 79.7 79.5 79.4 79.3 78.8 79.0 79.3 78.8 79.0 79.7 | 79.7 79.4 79.0 79.2 | 79.3
1986 | 80.0 79.4 78.7 78.7 78.8 78.6 78.7 78.5 78.5 78.8 79.0 79.6 | 79.4 78.7 78.6 79.1 | 78.9
| | |
1987 | 79.1 80.0 80.1 80.4 80.8 81.0 81.4 81.9 81.9 83.0 83.4 83.7 | 79.8 80.7 81.7 83.4 | 81.4
1988 | 83.7 84.0 84.2 84.5 84.4 84.5 84.5 84.9 84.6 84.9 85.0 85.3 | 84.0 84.5 84.7 85.1 | 84.5
1989 | 85.6 85.1 85.2 85.1 84.4 84.3 83.2 83.8 83.3 83.0 83.1 83.4 | 85.3 84.6 83.4 83.2 | 84.1
1990 | 82.6 83.3 83.6 83.3 83.3 83.4 83.2 83.3 83.3 82.5 81.3 80.7 | 83.2 83.3 83.2 81.5 | 82.8
1991 | 80.2 79.5 78.9 79.0 79.7 80.3 80.3 80.2 80.9 80.6 80.4 79.9 | 79.5 79.7 80.5 80.3 | 80.0
| | |
1992 | 79.2 79.7 80.2 80.6 80.8 80.6 81.2 80.6 80.6 81.0 81.2 81.2 | 79.7 80.7 80.8 81.1 | 80.6
1993 | 81.4 81.7 81.4 81.6 81.2 81.2 81.4 81.2 81.4 81.9 82.1 82.4 | 81.5 81.3 81.3 82.1 | 81.6
1994 | 82.6 82.5 83.1 83.2 83.4 83.8 83.6 83.8 83.7 84.1 84.3 84.9 | 82.7 83.5 83.7 84.5 | 83.6
1995 | 84.9 84.5 84.3 83.9 83.8 83.8 83.2 83.9 83.9 83.4 83.3 83.2 | 84.6 83.8 83.7 83.3 | 83.8
1996 | 82.3 83.2 82.8 83.3 83.6 84.0 83.4 83.5 83.7 83.2 83.7 83.9 | 82.8 83.6 83.6 83.6 | 83.4
| | |
1997 | 83.6 84.1 84.2 83.7 83.7 83.6 83.8 84.1 84.3 84.6 84.8 84.6 | 84.0 83.7 84.1 84.7 | 84.1
1998 | 84.5 84.2 83.8 83.6 83.8 82.7 81.8 83.1 82.4 82.6 82.1 81.9 | 84.1 83.4 82.4 82.2 | 83.0
1999 | 81.8 81.7 81.4 81.2 81.4 80.9 80.9 81.1 80.6 81.4 81.5 81.8 | 81.6 81.2 80.9 81.6 | 81.3
2000 | 81.4 81.3 81.3 81.6 81.4 81.2 80.8 80.3 80.5 80.0 79.8 79.4 | 81.3 81.4 80.5 79.7 | 80.8
2001 | 78.7 78.2 77.9 77.7 77.1 76.6 76.3 76.1 75.7 75.2 74.8 74.6 | 78.3 77.2 76.0 74.9 | 76.6
| | |
2002 | 75.1 75.0 75.5 75.8 76.1 76.8 76.6 76.6 76.7 76.5 76.9 76.5 | 75.2 76.3 76.6 76.6 | 76.2
2003 | 77.0 77.2 77.0 76.4 76.4 76.4 76.6 76.4 76.9 76.9 77.5 77.4 | 77.1 76.4 76.6 77.3 | 76.8
2004 | 77.5 78.0 77.6 78.0 78.6 78.0 78.6 78.7 78.7 79.4 79.6 80.1 | 77.7 78.2 78.7 79.7 | 78.6
2005 | 80.4 80.8 80.6 80.6 80.7 80.9 80.5 80.5 78.7 79.6 80.2 80.6 | 80.6 80.7 79.9 80.1 | 80.3
2006 | 80.5 80.4 80.4 80.6 80.3 80.5 80.3 80.4 80.1 79.9 79.7 80.4 | 80.4 80.5 80.3 80.0 | 80.3
| | |
2007 | 79.8 80.6 80.5 80.9 80.9 81.0 80.9 81.1 81.3 80.8 81.2 81.1 | 80.3 80.9 81.1 81.0 | 80.8
2008 | 80.9 80.7 80.4 79.8 79.3 79.1 78.7 77.5 74.0 74.8 73.9 71.8 | 80.7 79.4 76.7 73.5 | 77.6
2009 | 70.1 69.5 68.3 67.7 66.9 66.7 67.4 68.3 68.9 69.2 69.5 69.9 | 69.3 67.1 68.2 69.6 | 68.5
2010 | 70.9 71.1 71.7 72.1 73.4 73.7 74.2 74.6 74.9 74.8 74.8 75.5 | 71.2 73.1 74.6 75.0 | 73.5
2011 | 75.5 75.2 75.9 75.6 75.8 75.9 76.2 76.6 76.5 77.0 76.7 77.0 | 75.5 75.7 76.4 76.9 | 76.1
| | |
2012 | 77.5 77.5 76.8 77.3 77.2 77.0 77.1 76.6 76.5 76.6 76.8 76.9 | 77.2 77.1 76.7 76.7 | 77.0
2013 | 76.8 77.1 77.1 77.0 76.8 76.9 76.4 76.9 77.2 77.1 77.2 77.3 | 77.0 76.9 76.9 77.2 | 77.0
2014 | 77.0 77.5 78.0 78.0 78.1 78.3 78.5 78.4 78.7 78.7 79.2 79.2 | 77.5 78.2 78.5 79.0 | 78.3
2015 | 78.9 78.7 78.5 78.2 78.0 78.1 | 78.7 78.1 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 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 11A
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) | | |
1985 | -.5 -.3 .8 -.2 .1 .1 -.4 .6 .2 -.3 .6 .4 | -.1 1.5 .7 2.3 | 1.4
1986 | 1.2 -.6 -.4 .4 .2 -.2 .1 .3 .2 .3 .4 .8 | 4.7 -.1 1.0 4.3 | 2.2
| | |
1987 | -.5 1.4 .1 .4 .6 .2 .6 .5 .4 1.5 .6 .5 | 4.7 5.9 5.9 10.3 | 4.6
1988 | -.2 .2 .2 .8 -.3 .1 -.1 .0 .4 .5 .3 .5 | 2.3 3.4 .0 4.3 | 4.5
1989 | .9 -1.0 -.1 .2 -.9 .2 -1.3 .8 -.3 -.3 .2 .0 | 2.4 -3.1 -4.3 -.6 | .4
1990 | -.4 1.5 .4 -.3 .1 .2 -.2 .3 -.1 -.9 -1.2 -.8 | 3.5 2.5 .6 -7.5 | .0
1991 | -.8 -.8 -.8 .4 .6 1.1 .3 .1 1.1 -.2 -.3 -.4 | -9.7 1.2 7.1 1.1 | -2.6
| | |
1992 | -.8 .8 1.0 .4 .5 .1 .8 -.5 -.1 .5 .3 -.2 | -1.2 7.1 2.8 1.5 | 2.6
1993 | 1.0 .1 -.4 .5 -.1 -.2 .3 -.3 .6 .8 .3 .5 | 4.0 .6 .3 6.0 | 2.6
1994 | .1 .1 1.1 .6 .5 .1 .2 .5 .2 .7 .6 .9 | 3.9 7.1 3.7 7.0 | 4.4
1995 | .1 -.4 -.1 -.4 -.1 .3 -.8 .8 .6 -.4 -.1 .0 | 2.7 -2.3 .2 .8 | 2.5
1996 | -1.2 1.3 -.5 1.0 .5 .8 -.1 .2 .6 -.5 .7 .7 | -2.0 7.4 3.9 2.8 | 1.5
| | |
1997 | -.2 1.1 .8 -.6 .4 .4 .4 1.0 .6 .7 .8 .1 | 6.2 3.0 6.9 8.2 | 4.9
1998 | .6 .0 -.3 .3 .4 -1.2 -.8 2.3 -.6 .7 -.1 .2 | 3.4 -.2 -.6 4.2 | 3.5
1999 | -.1 .5 -.4 .0 .7 -.7 .0 .6 -.5 1.4 .4 .4 | .7 .3 .0 6.7 | 1.3
2000 | -.3 -.2 .3 .4 -.6 .0 -.2 -1.0 .3 -.4 -.5 -.8 | .3 .9 -3.8 -4.6 | .7
2001 | -.6 -.6 -.3 -.1 -.7 -.6 -.2 -.5 -.2 -.7 -.2 .1 | -6.9 -4.4 -4.6 -4.2 | -4.7
| | |
2002 | .6 -.2 .8 .2 .6 1.1 -.4 .1 .1 -.4 .4 -.6 | 3.2 5.6 2.6 -1.0 | .4
2003 | .4 -.1 .1 -1.0 -.1 .3 .0 -.6 .7 -.1 1.0 -.3 | .5 -3.9 -.1 3.1 | .0
2004 | -.2 .7 -.2 .4 .8 -.8 1.0 .4 -.1 1.0 -.1 .6 | 1.3 3.3 3.7 4.8 | 2.0
2005 | .6 .7 -.6 .2 .3 .1 -.5 .2 -1.2 1.5 .7 .0 | 5.2 1.4 -2.2 4.9 | 3.1
2006 | .8 -.4 -.1 .5 -.6 .2 -.3 .5 .0 -.4 .0 1.5 | 3.1 .0 -.3 .8 | 1.5
| | |
2007 | -.6 .3 .6 .5 .0 .5 .1 -.4 .3 -.6 .3 .0 | 3.2 4.7 .8 -1.7 | 1.8
2008 | -.5 -.8 -.4 -1.2 -.6 -.6 -1.1 -1.2 -3.5 -.4 -2.1 -3.3 | -4.3 -9.1 -13.6 -20.2 | -5.8
2009 | -3.1 -.2 -2.1 -.9 -1.2 -.4 1.4 1.2 .8 .2 .9 -.2 | -24.1 -12.4 7.5 6.6 | -13.8
2010 | 1.0 -.3 1.1 .8 1.5 -.1 .6 .1 .0 .1 -.1 .3 | 5.4 10.2 4.7 .6 | 5.1
2011 | .2 .0 .6 -.6 .1 .0 .7 .2 .4 .7 -.4 .7 | 2.1 -.4 4.3 3.9 | 2.5
| | |
2012 | 1.0 .2 -.7 .6 -.5 .1 .0 -.2 -.1 -.3 .7 .7 | 5.2 -.3 -1.2 1.0 | 2.4
2013 | -.2 .4 -.3 -.3 .2 .2 -.8 1.0 .3 .2 -.1 .1 | 2.8 -.7 .3 2.7 | .8
2014 | -.8 1.1 .8 .3 .2 .4 .8 -.4 .2 .2 .9 .0 | .9 6.0 3.9 3.4 | 2.5
2015 | -.3 -.3 .2 .3 .2 -.1 | -.6 1.7 |
| | |
IP (2012=100) | | |
1985 | 77.1 76.9 77.5 77.3 77.4 77.5 77.2 77.7 77.8 77.6 78.1 78.4 | 77.2 77.4 77.6 78.0 | 77.5
1986 | 79.3 78.9 78.6 78.9 79.0 78.9 78.9 79.1 79.3 79.5 79.8 80.4 | 78.9 78.9 79.1 79.9 | 79.2
| | |
1987 | 80.1 81.2 81.3 81.6 82.1 82.3 82.8 83.2 83.6 84.8 85.3 85.7 | 80.9 82.0 83.2 85.3 | 82.8
1988 | 85.6 85.8 85.9 86.6 86.4 86.5 86.4 86.4 86.7 87.1 87.3 87.8 | 85.8 86.5 86.5 87.4 | 86.5
1989 | 88.5 87.6 87.6 87.7 86.9 87.1 85.9 86.6 86.3 86.1 86.2 86.2 | 87.9 87.2 86.3 86.2 | 86.9
1990 | 85.9 87.2 87.6 87.3 87.4 87.6 87.4 87.7 87.6 86.8 85.8 85.1 | 86.9 87.4 87.6 85.9 | 86.9
1991 | 84.4 83.7 83.0 83.3 83.9 84.7 85.0 85.1 86.1 85.9 85.7 85.4 | 83.7 84.0 85.4 85.7 | 84.7
| | |
1992 | 84.7 85.4 86.2 86.6 87.0 87.1 87.8 87.4 87.3 87.7 87.9 87.8 | 85.4 86.9 87.5 87.8 | 86.9
1993 | 88.7 88.8 88.5 88.9 88.8 88.6 88.9 88.6 89.1 89.8 90.1 90.6 | 88.7 88.8 88.9 90.2 | 89.1
1994 | 90.6 90.7 91.7 92.3 92.7 92.8 93.0 93.5 93.7 94.4 94.9 95.8 | 91.0 92.6 93.4 95.0 | 93.0
1995 | 95.9 95.6 95.5 95.1 95.0 95.3 94.5 95.3 95.8 95.4 95.3 95.3 | 95.7 95.1 95.2 95.4 | 95.3
1996 | 94.2 95.4 95.0 96.0 96.5 97.3 97.2 97.4 98.0 97.5 98.2 98.9 | 94.9 96.6 97.5 98.2 | 96.8
| | |
1997 | 98.7 99.8 100.5 100.0 100.4 100.8 101.2 102.2 102.8 103.5 104.4 104.5 | 99.7 100.4 102.1 104.1 | 101.6
1998 | 105.1 105.1 104.8 105.1 105.5 104.3 103.4 105.8 105.1 105.9 105.7 106.0 | 105.0 104.9 104.8 105.9 | 105.1
1999 | 105.9 106.4 105.9 105.9 106.6 105.9 105.9 106.5 106.0 107.5 107.9 108.3 | 106.0 106.1 106.1 107.9 | 106.5
2000 | 108.0 107.8 108.1 108.6 108.0 108.0 107.8 106.7 107.0 106.6 106.0 105.1 | 107.9 108.2 107.2 105.9 | 107.3
2001 | 104.5 103.9 103.6 103.5 102.8 102.3 102.1 101.6 101.3 100.7 100.5 100.6 | 104.0 102.9 101.7 100.6 | 102.3
| | |
2002 | 101.2 101.1 101.8 102.0 102.6 103.7 103.3 103.4 103.5 103.1 103.5 102.9 | 101.4 102.8 103.4 103.2 | 102.7
2003 | 103.3 103.2 103.3 102.2 102.1 102.4 102.4 101.8 102.5 102.4 103.4 103.1 | 103.3 102.3 102.2 103.0 | 102.7
2004 | 102.9 103.6 103.4 103.9 104.7 103.9 104.9 105.3 105.2 106.2 106.1 106.8 | 103.3 104.2 105.1 106.4 | 104.7
2005 | 107.4 108.2 107.6 107.8 108.2 108.3 107.8 108.0 106.7 108.3 109.1 109.1 | 107.7 108.1 107.5 108.8 | 108.0
2006 | 110.0 109.5 109.4 110.0 109.3 109.6 109.2 109.7 109.7 109.2 109.2 110.9 | 109.6 109.6 109.5 109.8 | 109.6
| | |
2007 | 110.2 110.5 111.2 111.8 111.7 112.3 112.4 111.9 112.2 111.5 111.8 111.8 | 110.6 111.9 112.1 111.7 | 111.6
2008 | 111.2 110.3 109.8 108.5 107.8 107.2 106.0 104.8 101.1 100.7 98.6 95.4 | 110.4 107.8 104.0 98.3 | 105.1
2009 | 92.5 92.3 90.4 89.5 88.5 88.1 89.4 90.4 91.1 91.3 92.1 91.9 | 91.7 88.7 90.3 91.8 | 90.6
2010 | 92.8 92.6 93.6 94.4 95.7 95.7 96.3 96.4 96.4 96.5 96.4 96.6 | 93.0 95.3 96.4 96.5 | 95.3
2011 | 96.8 96.8 97.4 96.8 97.0 97.0 97.7 97.9 98.3 98.9 98.5 99.2 | 97.0 96.9 97.9 98.9 | 97.7
| | |
2012 | 100.2 100.4 99.8 100.4 99.9 99.9 100.0 99.7 99.6 99.3 100.0 100.7 | 100.1 100.1 99.8 100.0 | 100.0
2013 | 100.5 100.9 100.7 100.4 100.5 100.7 99.9 100.8 101.1 101.3 101.2 101.3 | 100.7 100.5 100.6 101.3 | 100.8
2014 | 100.5 101.6 102.4 102.7 102.9 103.3 104.1 103.7 104.0 104.2 105.1 105.1 | 101.5 103.0 103.9 104.8 | 103.3
2015 | 104.8 104.4 104.7 105.0 105.2 105.0 | 104.6 105.1 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 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 11B
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 | | |
2012 output) | | |
1985 | 98.3 98.4 98.6 98.8 99.0 99.2 99.4 99.5 99.7 99.8 99.9 100.0 | 98.4 99.0 99.5 99.9 | 99.2
1986 | 100.1 100.2 100.2 100.3 100.4 100.5 100.5 100.6 100.7 100.8 101.0 101.1 | 100.2 100.4 100.6 101.0 | 100.5
| | |
1987 | 101.2 101.4 101.5 101.7 101.9 102.0 102.1 102.3 102.4 102.4 102.5 102.6 | 101.4 101.9 102.3 102.5 | 102.0
1988 | 102.6 102.6 102.6 102.6 102.6 102.6 102.6 102.6 102.7 102.7 102.8 102.9 | 102.6 102.6 102.6 102.8 | 102.7
1989 | 103.0 103.1 103.2 103.4 103.5 103.7 103.9 104.1 104.3 104.5 104.7 104.9 | 103.1 103.5 104.1 104.7 | 103.9
1990 | 105.1 105.3 105.5 105.7 105.8 106.0 106.2 106.3 106.5 106.7 106.8 107.0 | 105.3 105.8 106.3 106.8 | 106.1
1991 | 107.1 107.2 107.4 107.5 107.6 107.8 107.9 108.0 108.1 108.2 108.3 108.4 | 107.2 107.6 108.0 108.3 | 107.8
| | |
1992 | 108.5 108.7 108.8 108.9 109.0 109.2 109.3 109.4 109.6 109.7 109.8 110.0 | 108.7 109.0 109.4 109.8 | 109.2
1993 | 110.1 110.2 110.4 110.5 110.6 110.7 110.8 110.9 111.0 111.2 111.3 111.4 | 110.2 110.6 110.9 111.3 | 110.8
1994 | 111.5 111.6 111.8 111.9 112.1 112.2 112.4 112.6 112.8 113.0 113.2 113.4 | 111.7 112.1 112.6 113.2 | 112.4
1995 | 113.6 113.9 114.1 114.3 114.6 114.8 115.1 115.3 115.5 115.8 116.0 116.3 | 113.9 114.6 115.3 116.0 | 114.9
1996 | 116.5 116.8 117.0 117.3 117.5 117.8 118.0 118.3 118.6 119.0 119.3 119.6 | 116.8 117.5 118.3 119.3 | 118.0
| | |
1997 | 120.0 120.4 120.8 121.2 121.7 122.2 122.7 123.2 123.7 124.2 124.8 125.3 | 120.4 121.7 123.2 124.8 | 122.5
1998 | 125.9 126.4 126.9 127.5 128.0 128.5 129.0 129.5 129.9 130.4 130.8 131.2 | 126.4 128.0 129.5 130.8 | 128.7
1999 | 131.6 132.0 132.4 132.7 133.0 133.3 133.7 133.9 134.2 134.5 134.7 135.0 | 132.0 133.0 133.9 134.7 | 133.4
2000 | 135.2 135.5 135.7 135.9 136.1 136.3 136.5 136.6 136.8 137.0 137.1 137.3 | 135.4 136.1 136.6 137.1 | 136.3
2001 | 137.5 137.6 137.7 137.8 138.0 138.1 138.1 138.2 138.3 138.3 138.4 138.4 | 137.6 138.0 138.2 138.4 | 138.0
| | |
2002 | 138.4 138.4 138.4 138.4 138.3 138.3 138.2 138.2 138.1 138.0 137.9 137.9 | 138.4 138.3 138.2 137.9 | 138.2
2003 | 137.8 137.7 137.6 137.5 137.4 137.3 137.2 137.1 137.0 137.0 136.9 136.8 | 137.7 137.4 137.1 136.9 | 137.3
2004 | 136.7 136.6 136.5 136.4 136.4 136.3 136.3 136.3 136.3 136.3 136.3 136.4 | 136.6 136.4 136.3 136.3 | 136.4
2005 | 136.5 136.6 136.7 136.9 137.0 137.2 137.4 137.6 137.9 138.1 138.3 138.5 | 136.6 137.0 137.7 138.3 | 137.4
2006 | 138.8 139.0 139.2 139.4 139.6 139.7 139.9 140.1 140.2 140.4 140.5 140.7 | 139.0 139.6 140.1 140.5 | 139.8
| | |
2007 | 140.8 141.0 141.1 141.2 141.3 141.4 141.5 141.6 141.7 141.7 141.7 141.8 | 141.0 141.3 141.6 141.7 | 141.4
2008 | 141.7 141.7 141.7 141.6 141.6 141.5 141.4 141.2 141.1 140.9 140.7 140.5 | 141.7 141.5 141.2 140.7 | 141.3
2009 | 140.3 140.1 139.8 139.5 139.2 138.9 138.6 138.3 138.0 137.7 137.4 137.1 | 140.1 139.2 138.3 137.4 | 138.7
2010 | 136.7 136.4 136.2 135.9 135.6 135.3 135.0 134.7 134.5 134.2 134.0 133.7 | 136.5 135.6 134.7 134.0 | 135.2
2011 | 133.5 133.3 133.1 132.9 132.8 132.7 132.7 132.6 132.6 132.7 132.7 132.8 | 133.3 132.8 132.6 132.7 | 132.9
| | |
2012 | 132.9 133.0 133.2 133.3 133.5 133.7 133.9 134.0 134.2 134.4 134.6 134.8 | 133.0 133.5 134.0 134.6 | 133.8
2013 | 135.0 135.1 135.3 135.4 135.6 135.7 135.8 135.9 136.1 136.2 136.3 136.4 | 135.1 135.6 135.9 136.3 | 135.7
2014 | 136.5 136.6 136.7 136.7 136.8 136.9 137.0 137.0 137.1 137.2 137.2 137.3 | 136.6 136.8 137.0 137.2 | 136.9
2015 | 137.4 137.5 137.6 137.7 137.8 137.9 | 137.5 137.8 |
| | |
Utilization | | |
(percent) | | |
1985 | 78.5 78.1 78.6 78.2 78.2 78.2 77.7 78.0 78.1 77.7 78.1 78.4 | 78.4 78.2 77.9 78.1 | 78.2
1986 | 79.2 78.7 78.4 78.6 78.7 78.5 78.5 78.6 78.7 78.9 79.1 79.6 | 78.8 78.6 78.6 79.2 | 78.8
| | |
1987 | 79.1 80.1 80.1 80.3 80.6 80.7 81.1 81.4 81.7 82.8 83.2 83.6 | 79.7 80.5 81.4 83.2 | 81.2
1988 | 83.4 83.6 83.7 84.4 84.2 84.3 84.2 84.2 84.5 84.8 85.0 85.3 | 83.6 84.3 84.3 85.0 | 84.3
1989 | 86.0 85.0 84.9 84.9 83.9 83.9 82.7 83.2 82.8 82.4 82.3 82.2 | 85.3 84.3 82.9 82.3 | 83.7
1990 | 81.7 82.8 83.0 82.6 82.6 82.6 82.3 82.5 82.2 81.4 80.3 79.5 | 82.5 82.6 82.3 80.4 | 82.0
1991 | 78.8 78.1 77.3 77.5 77.9 78.7 78.8 78.9 79.7 79.4 79.1 78.7 | 78.1 78.0 79.1 79.1 | 78.6
| | |
1992 | 78.0 78.6 79.3 79.5 79.8 79.8 80.4 79.8 79.7 79.9 80.1 79.8 | 78.6 79.7 79.9 79.9 | 79.5
1993 | 80.6 80.6 80.2 80.5 80.3 80.1 80.2 79.9 80.2 80.8 81.0 81.3 | 80.5 80.3 80.1 81.0 | 80.5
1994 | 81.3 81.2 82.1 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.9 84.5 | 81.5 82.6 83.0 84.0 | 82.8
1995 | 84.4 83.9 83.7 83.2 82.9 83.0 82.1 82.6 82.9 82.4 82.1 82.0 | 84.0 83.0 82.5 82.2 | 82.9
1996 | 80.9 81.7 81.2 81.9 82.1 82.6 82.3 82.3 82.6 82.0 82.3 82.7 | 81.3 82.2 82.4 82.3 | 82.0
| | |
1997 | 82.3 82.9 83.2 82.5 82.5 82.5 82.5 83.0 83.1 83.3 83.7 83.4 | 82.8 82.5 82.9 83.5 | 82.9
1998 | 83.5 83.1 82.6 82.4 82.4 81.1 80.2 81.7 80.9 81.2 80.8 80.8 | 83.1 82.0 80.9 80.9 | 81.7
1999 | 80.4 80.6 80.0 79.8 80.2 79.4 79.2 79.5 79.0 79.9 80.0 80.2 | 80.3 79.8 79.2 80.1 | 79.9
2000 | 79.8 79.6 79.7 79.9 79.4 79.3 79.0 78.1 78.2 77.8 77.3 76.6 | 79.7 79.5 78.4 77.2 | 78.7
2001 | 76.0 75.5 75.2 75.1 74.5 74.1 73.9 73.5 73.3 72.8 72.6 72.7 | 75.6 74.6 73.6 72.7 | 74.1
| | |
2002 | 73.1 73.0 73.6 73.7 74.1 75.0 74.7 74.9 75.0 74.7 75.0 74.6 | 73.3 74.3 74.9 74.8 | 74.3
2003 | 75.0 75.0 75.1 74.3 74.3 74.6 74.6 74.2 74.8 74.8 75.6 75.4 | 75.0 74.4 74.5 75.3 | 74.8
2004 | 75.3 75.9 75.8 76.1 76.8 76.2 77.0 77.3 77.2 78.0 77.8 78.3 | 75.6 76.4 77.1 78.0 | 76.8
2005 | 78.7 79.2 78.7 78.8 78.9 78.9 78.4 78.5 77.4 78.4 78.9 78.7 | 78.9 78.9 78.1 78.7 | 78.6
2006 | 79.3 78.8 78.6 78.9 78.4 78.4 78.1 78.3 78.2 77.8 77.7 78.8 | 78.9 78.6 78.2 78.1 | 78.4
| | |
2007 | 78.3 78.4 78.8 79.2 79.1 79.4 79.4 79.0 79.2 78.7 78.9 78.8 | 78.5 79.2 79.2 78.8 | 78.9
2008 | 78.5 77.8 77.5 76.6 76.2 75.8 75.0 74.2 71.7 71.5 70.1 67.9 | 77.9 76.2 73.6 69.8 | 74.4
2009 | 65.9 65.9 64.6 64.2 63.5 63.4 64.5 65.4 66.1 66.3 67.1 67.1 | 65.5 63.7 65.3 66.8 | 65.3
2010 | 67.9 67.8 68.7 69.5 70.6 70.7 71.3 71.5 71.7 71.9 72.0 72.3 | 68.1 70.3 71.5 72.1 | 70.5
2011 | 72.5 72.7 73.2 72.8 73.0 73.1 73.6 73.8 74.1 74.6 74.2 74.7 | 72.8 73.0 73.8 74.5 | 73.5
| | |
2012 | 75.4 75.5 74.9 75.3 74.8 74.8 74.7 74.4 74.2 73.9 74.3 74.7 | 75.3 74.9 74.4 74.3 | 74.7
2013 | 74.5 74.7 74.4 74.1 74.2 74.2 73.5 74.2 74.3 74.4 74.3 74.3 | 74.5 74.2 74.0 74.3 | 74.2
2014 | 73.6 74.4 74.9 75.1 75.2 75.5 76.0 75.7 75.8 76.0 76.6 76.5 | 74.3 75.3 75.9 76.4 | 75.4
2015 | 76.3 76.0 76.1 76.2 76.3 76.2 | 76.1 76.2 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from February 2015 through June 2015 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 12
Annual Proportions in Industrial Production, Market and Industry Group Summary
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Item | NAICS | 2007 2008 2009 2010 2011 2012 2013 2014
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |
Total IP | | 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
| |
MARKET GROUP | |
Final products and nonindustrial supplies | | 55.8 56.1 57.4 55.1 54.5 54.1 53.5 54.5
Consumer goods | | 27.2 27.1 29.3 27.7 27.3 26.4 26.4 26.7
Durable | | 6.4 6.0 5.7 5.5 5.3 5.3 5.4 5.7
Automotive products | | 3.1 2.7 2.7 2.7 2.6 2.5 2.6 2.8
Home electronics | | .4 .4 .3 .2 .2 .2 .2 .2
Appliances, furniture, carpeting | | 1.0 1.0 .9 .8 .7 .8 .8 .8
Miscellaneous goods | | 2.0 2.0 1.9 1.8 1.8 1.8 1.8 1.9
Nondurable | | 20.8 21.1 23.6 22.2 22.0 21.1 21.0 21.0
Non-energy | | 15.8 16.3 18.1 16.6 16.2 15.7 15.4 15.7
Foods and tobacco | | 8.2 8.6 9.9 9.2 8.9 8.7 8.7 8.7
Clothing | | .4 .4 .3 .3 .3 .3 .2 .2
Chemical products | | 5.2 5.3 5.8 5.2 5.2 4.9 4.6 5.0
Paper products | | 1.5 1.5 1.6 1.5 1.4 1.4 1.3 1.3
Energy | | 5.0 4.8 5.5 5.6 5.8 5.5 5.7 5.3
| |
Business equipment | | 9.8 10.0 9.4 9.3 9.3 10.0 9.7 10.2
Transit | | 2.0 2.0 1.9 2.0 1.9 2.2 2.3 2.5
Information processing | | 2.7 2.7 2.6 2.3 2.2 2.3 2.2 2.2
Industrial and other | | 5.0 5.3 4.9 4.9 5.3 5.5 5.2 5.5
Defense and space equipment | | 2.0 2.2 2.5 2.6 2.4 2.3 2.2 2.2
| |
Construction supplies | | 5.2 5.0 4.4 4.2 4.2 4.3 4.3 4.5
Business supplies | | 10.9 11.1 11.2 10.7 10.5 10.3 10.1 10.1
| |
Materials | | 44.2 43.9 42.6 44.9 45.5 45.9 46.5 45.5
Non-energy | | 27.2 27.1 26.1 27.3 27.7 27.5 26.9 27.1
Durable | | 16.7 16.6 14.9 16.0 16.5 16.5 16.2 16.6
Consumer parts | | 3.0 2.7 2.2 2.5 2.6 2.8 2.8 2.9
Equipment parts | | 5.6 5.9 5.4 5.6 5.9 5.7 5.4 5.5
Other | | 8.1 7.9 7.3 7.9 8.1 8.0 8.0 8.2
Nondurable | | 10.5 10.5 11.2 11.3 11.2 11.0 10.8 10.5
Textile | | .5 .4 .4 .5 .4 .4 .4 .4
Paper | | 2.1 2.2 2.2 2.1 2.0 2.0 2.0 1.9
Chemical | | 5.0 4.7 5.0 5.5 5.6 5.4 5.2 5.1
Energy | | 17.0 16.8 16.5 17.6 17.8 18.4 19.5 18.4
| |
| |
INDUSTRY GROUP | |
Manufacturing | | 76.1 75.8 75.7 74.7 74.5 74.3 73.0 73.9
Manufacturing (NAICS) | 31-33 | 72.5 72.2 72.1 71.6 71.6 71.5 70.3 71.4
| |
Durable manufacturing | | 39.2 39.2 36.5 36.9 37.0 37.6 36.9 38.1
Wood products | 321 | 1.2 1.1 1.0 .9 .9 1.0 1.1 1.1
Nonmetallic mineral products | 327 | 2.2 2.0 1.7 1.6 1.6 1.7 1.7 1.8
Primary metals | 331 | 2.7 2.5 2.1 2.8 2.8 2.6 2.6 2.6
Fabricated metal products | 332 | 5.8 6.0 5.3 5.2 5.4 5.4 5.4 5.5
Machinery | 333 | 5.1 5.4 4.9 5.1 5.6 6.0 5.6 5.9
Computer and electronic products | 334 | 6.9 7.0 6.6 6.4 6.3 6.1 5.7 5.7
Electrical equip., appliances, | |
and components | 335 | 1.9 2.0 1.9 1.8 1.8 1.8 1.8 1.8
Motor vehicles and parts | 3361-3 | 5.2 4.5 4.0 4.5 4.2 4.5 4.7 5.1
Aerospace and miscellaneous | |
transportation equipment | 3364-9 | 4.0 4.3 4.6 4.4 4.2 4.4 4.4 4.4
Furniture and related products | 337 | 1.4 1.4 1.1 1.0 1.0 1.1 1.1 1.1
Miscellaneous | 339 | 2.9 3.2 3.4 3.2 3.1 2.9 2.9 3.0
| |
Nondurable manufacturing | | 33.3 33.0 35.6 34.7 34.6 33.9 33.5 33.2
Food, beverage, and tobacco products | 311,2 | 9.9 10.5 12.1 11.2 10.7 10.5 10.5 10.5
Textile and product mills | 313,4 | .9 .8 .7 .7 .7 .7 .7 .7
Apparel and leather | 315,6 | .4 .4 .3 .3 .3 .3 .3 .3
Paper | 322 | 2.5 2.6 2.8 2.6 2.5 2.6 2.6 2.6
Printing and support | 323 | 1.9 1.9 1.8 1.6 1.5 1.5 1.4 1.4
Petroleum and coal products | 324 | 3.3 2.7 3.1 3.6 4.0 3.8 3.8 3.2
Chemicals | 325 | 11.3 11.3 11.9 11.8 11.9 11.6 11.1 11.3
Plastics and rubber products | 326 | 3.0 3.0 2.9 2.9 2.9 3.0 3.1 3.3
| |
Other manufacturing (non-NAICS) | 1133,5111 | 3.6 3.6 3.6 3.1 3.0 2.8 2.7 2.6
| |
Mining | 21 | 14.1 13.7 12.6 14.1 14.8 15.5 16.6 15.5
Utilities | 2211,2 | 9.8 10.5 11.7 11.2 10.7 10.2 10.4 10.6
Electric | 2211 | 8.1 8.8 10.0 9.7 9.4 9.0 9.1 9.3
Natural gas | 2212 | 1.7 1.7 1.7 1.5 1.3 1.2 1.3 1.3
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note. The IP proportion data are estimates of the industries' relative contributions to the overall change in IP between the reference
year and the following year. For example, a 1 percent increase in durable goods manufacturing between 2014 and 2015 would
account for a .381 percent increase in total IP.
1Table 13
Industrial Production and Capacity Utilization: SUMMARY
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| 2012=100 | Percent change
| ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
| 2015 | 2015 | June '14 to
Industrial production | Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[r] June[r] | Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[r] June[r] | June '15
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total index | 107.6 107.5 107.4 107.0 106.9 107.1 | -.3 -.1 -.1 -.3 -.2 .2 | 1.3
Previous estimates | 105.8 105.9 106.1 105.6 105.4 105.7 | -.4 .0 .2 -.5 -.2 .3 | 1.5
| | |
Major market groups | | |
Final Products | 104.6 104.3 104.2 103.9 104.0 103.9 | -.1 -.3 .0 -.3 .2 -.1 | 1.0
Consumer goods | 105.3 105.4 105.6 105.4 105.5 105.4 | .2 .0 .3 -.2 .1 -.1 | 1.9
Business equipment | 106.2 105.8 105.9 106.0 106.8 106.8 | -.1 -.4 .1 .1 .7 .0 | 2.5
Nonindustrial supplies | 105.9 105.8 105.0 105.1 105.0 105.6 | .2 -.2 -.8 .1 .0 .5 | 1.4
Construction | 110.1 109.2 107.7 107.7 108.2 108.3 | -.2 -.9 -1.4 .0 .4 .1 | 1.4
Materials | 110.7 110.8 110.8 110.4 109.8 110.3 | -.6 .1 .0 -.4 -.5 .4 | 1.5
| | |
Major industry groups | | |
Manufacturing (see note below) | 104.9 104.6 104.7 105.1 105.2 105.1 | -.3 -.3 .2 .3 .1 -.1 | 1.6
Previous estimates | 101.3 101.2 101.5 101.6 101.7 101.7 | -.6 -.1 .3 .1 .0 .0 | 1.8
| | |
Mining | 122.1 120.2 120.6 118.6 115.5 116.8 | -1.6 -1.6 .3 -1.7 -2.6 1.1 | -1.8
Utilities | 104.6 108.2 105.5 102.7 103.3 104.8 | 1.5 3.5 -2.5 -2.6 .6 1.5 | 3.1
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Capacity
| Percent of capacity | growth
| ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
| Average 1988- 1990- 1994- 2008- | |
| 1972- 89 91 95 09 2014 | 2015 | June '14 to
Capacity utilization | 2014 high low high low June | Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[r] June[r] | June '15
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | 80.1 85.2 78.8 85.0 66.9 78.2 | 78.7 78.5 78.3 78.0 77.7 77.8 | 1.8
Previous estimates | 80.1 85.3 78.7 85.0 66.9 79.2 | 79.1 79.0 79.0 78.5 78.2 78.4 | 2.6
| | |
Manufacturing (see note below) | 78.5 85.6 77.3 84.6 63.9 75.4 | 76.1 75.7 75.8 76.0 76.0 75.8 | 1.0
Previous estimates | 78.6 85.6 77.3 84.6 63.9 77.3 | 77.4 77.2 77.3 77.3 77.3 77.2 | 1.9
Mining | 87.5 86.2 83.8 88.7 79.0 91.6 | 89.8 88.0 88.0 86.2 83.7 84.4 | 6.6
Utilities | 85.9 92.9 84.3 93.3 78.5 78.6 | 80.3 83.0 80.9 78.7 79.1 80.2 | 1.0
| | |
Stage-of-process groups | | |
Crude | 86.3 87.6 84.3 89.8 76.9 88.6 | 87.1 86.1 85.9 84.9 83.0 83.6 | 5.1
Primary and semifinished | 80.7 86.5 78.1 87.8 64.2 76.0 | 76.8 77.1 76.5 76.1 76.2 76.3 | .8
Finished | 77.0 83.4 77.4 80.7 66.7 75.2 | 76.3 75.8 76.1 76.2 76.3 76.0 | 1.3
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
r Revised.
Note. The statistics in this release cover output, capacity, and capacity utilization in the
U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
North American Industry Classification System (NAICS); electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
Logging and publishing are classified elsewhere in NAICS (under agriculture and information
respectively), but historically they were considered to be manufacturing and were included in
the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002
the Federal Reserve reclassified all of its industrial output data from the SIC system to NAICS.
1 Table 14
NETWORKING EQUIPMENT, 2001--2013
----------------------------------------------------------------------------------------
| Production Index Price Index Value of Production
| (2012=100) (2012=100) (millions of dollars)
----------------------------------------------------------------------------------------
Annual Estimates |
2001 | 245.1 374.6 24,640.7
2002 | 161.3 338.8 14,682.0
2003 | 167.1 287.6 12,900.4
2004 | 165.0 250.0 11,087.1
2005 | 209.6 223.1 12,540.0
2006 | 341.0 204.3 18,498.8
2007 | 239.0 183.4 12,117.4
2008 | 21.0 169.7 956.3
2009 | 60.1 148.8 2,387.8
2010 | 81.3 130.9 2,860.5
2011 | 82.3 110.2 2,427.7
2012 | 100.0 100.0 2,677.0
2013 | 110.1 90.7 2,669.9
Quarterly Estimates |
2001Q1 | 272.6 380.1 27,754.5
Q2 | 253.1 373.9 25,347.7
Q3 | 235.8 372.2 23,502.0
Q4 | 220.1 372.5 21,955.3
|
2002Q1 | 177.4 355.8 16,907.3
Q2 | 161.1 342.1 14,757.6
Q3 | 155.0 334.1 13,867.8
Q4 | 152.5 323.9 13,231.5
|
2003Q1 | 151.9 300.1 12,214.7
Q2 | 172.0 302.3 13,928.9
Q3 | 182.7 287.3 14,055.6
Q4 | 163.8 260.8 11,443.7
|
2004Q1 | 180.1 269.3 12,989.0
Q2 | 157.6 254.6 10,746.6
Q3 | 160.3 244.1 10,480.5
Q4 | 169.9 232.7 10,584.0
|
2005Q1 | 169.0 225.3 10,200.8
Q2 | 191.0 222.6 11,389.5
Q3 | 230.7 222.8 13,767.8
Q4 | 264.9 222.2 15,765.1
|
2006Q1 | 235.2 217.5 13,701.6
Q2 | 273.1 206.0 15,062.7
Q3 | 382.6 199.2 20,408.5
Q4 | 522.7 194.4 27,214.3
|
2007Q1 | 431.6 190.6 22,031.5
Q2 | 373.2 188.0 18,785.5
Q3 | 38.1 180.8 1,845.2
Q4 | 43.7 174.0 2,036.5
|
2008Q1 | 22.2 177.5 1,056.3
Q2 | 16.6 172.0 763.1
Q3 | 19.0 169.1 860.3
Q4 | 27.1 159.6 1,157.5
|
2009Q1 | 27.5 150.8 1,112.7
Q2 | 50.4 151.5 2,045.2
Q3 | 75.6 144.5 2,928.0
Q4 | 90.6 147.9 3,589.4
|
2010Q1 | 84.0 139.5 3,138.0
Q2 | 77.2 132.4 2,739.6
Q3 | 83.2 127.9 2,848.0
Q4 | 78.3 123.6 2,591.3
|
2011Q1 | 71.2 116.0 2,213.3
Q2 | 79.0 109.5 2,317.7
Q3 | 84.8 109.1 2,476.9
Q4 | 91.6 106.3 2,607.4
|
2012Q1 | 95.7 104.5 2,680.1
Q2 | 97.8 102.5 2,684.5
Q3 | 101.1 97.2 2,634.4
Q4 | 105.3 95.9 2,703.6
|
2013Q1 | 103.6 95.4 2,646.0
Q2 | 108.0 92.8 2,684.2
Q3 | 112.3 89.5 2,690.6
Q4 | 116.3 85.2 2,655.2
|
---------------------------------------------------------------------------------------
--------------------
NOTE: The production index in the table is calculated as the value of production
divided by the price index and then indexed to 2012. The production index does not
reflect changes to IP for benchmark purposes and so it is not equivalent to the
IP index for data networking equipment.
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 on the Board's website at www.federalreserve.gov/releases/G17. 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
from the Data Download Program on the Board's website. Instructions
for searching for and downloading specific series are provided as
well.
Industrial Production
Coverage. The industrial production (IP) index measures the real
output of the manufacturing, mining, and electric and gas utilities
industries; the reference period for the index is 2012. 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 299
individual series based on the 2012 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 website at ( www.federalreserve.gov/releases/G17/About.htm).
Source data. On a monthly basis, the individual indexes of industrial
production are constructed from two main types of source data: (1) output
measured in physical units, and (2) data on inputs to the production
process, from which output is inferred. Data on physical products, such as
tons of steel or barrels of oil, are typically 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 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 U.S. Geological Survey of the
Department of the Interior; and publications of the Department of Energy.
Aggregation Methodology and Weights. The aggregation method for
the IP index is a version of the Fisher-ideal index formula. (For a detailed
discussion of the aggregation method, see The Federal Reserve 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 (p_m) and the estimate for previous month:
% Equation not available in ascii file.
The IP proportions (typically shown in the first column of the relevant
tables in the monthly 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 6 percent. If output in this industry increased 10 percent in a month,
then this gain would boost growth in total IP by 6/10 percentage point
(0.06 x 10% = 0.6%). To assist users with calculations, the Federal
Reserve's website provides supplemental monthly statistics that represent
the exact proportionate contribution of a monthly change in a component
index to the monthly change in the total index (www.federalreserve.gov/
releases/G17/ipdisk/ipweightssa.txt).
Timing. The first estimate of output for a month is published
around the 15th of the following month. The estimate is preliminary
(denoted by the superscript "p" in tables) and subject to revision
in each of the subsequent five months as new source data become
available. (Revised estimates are denoted by the superscript "r" in
tables.) For the first estimate of output for a given month, about 67
percent of the source data (in value-added terms) are available; the
fraction of available source data increases to 81 percent for
estimates in the second month that the estimate is published, 93
percent in the third month, 96 percent in the fourth month, 99 percent
in the fifth month, and 99 percent in the sixth month. Data
availability by data type in early 2011 is summarized in the table
below:
Availability of Monthly IP Data in Publication Window
(Percent of value added in 2011)
Type of data 1st 2nd 3rd 4th 5th 6th
Physical product 27 41 53 55 58 58
Production-worker hours 41 41 41 41 41 41
IP data received 67 81 93 96 99 99
IP data estimated 33 19 7 4 1 1
The physical product group includes series based on either monthly or
quarterly data. As can be seen in the first row of the table, in the
first month, a physical product indicator is available for about one-half
of the series (in terms of value added) that ultimately are based on
physical product data (27 percent out of a total of 58 percent). Of
the 27~percent, about two-thirds (19 percent of total IP) include
series that are derived from weekly physical product data and for
which actual monthly data may lag up to several months. On average,
quarterly product data are received for the fourth estimate of
industrial production. Specifically, quarterly data are available for
the third estimate of the last month of a quarter, the fourth estimate
of the second month of a quarter, and the fifth estimate of the first
month of a quarter.
Seasonal adjustment. Individual series are seasonally adjusted using
Census X-12 ARIMA. For series based on production-worker hours, the
current seasonal factors were estimated with data through May 2015;
for other series, the factors were estimated with data through at least
March 2015. 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 1987-2013 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 1987-2013 period. In most cases (about
85 percent), the direction of the change in output indicated by the
first estimate for a given month is the same as that shown by the
fourth estimate.
Rounding. The published percent changes are calculated from unrounded
indexes, and may not be the same as percent changes calculated from the
rounded indexes shown in the release.
Capacity Utilization
Overview. The Federal Reserve Board constructs estimates of capacity
and capacity utilization for industries in manufacturing, mining, and
electric and gas utilities. For a given industry, the capacity utilization rate
is equal to an output index (seasonally adjusted) divided by a capacity
index. The Federal Reserve Board's capacity indexes attempt to capture
the concept of sustainable maximum output-the greatest level of output a
plant can maintain within the framework of a realistic work schedule, after
factoring in normal downtime and assuming sufficient availability of
inputs to operate the capital in place.
Coverage. Capacity indexes are constructed for 88 detailed industries
(70 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-technology
industries and manufacturing excluding high-technology industries.
Source Data. The monthly rates of capacity utilization are designed to be
consistent with both the monthly data on production and the periodically
available data on capacity and utilization. Because there is no direct
monthly information on overall industrial capacity or utilization rates, the
Federal Reserve first estimates annual capacity indexes from the source
data. Capacity data reported in physical units from government sources
(primarily from the U.S. Geological Survey and the Department of
Energy's Energy Information Administration) and trade sources are
available for portions of several industries in manufacturing (for example, paper,
industrial chemicals, petroleum refining, motor vehicles), as well as for
electric utilities and mining; these industries represent about 25 percent of
total industrial capacity. When physical product data are unavailable for
manufacturing industries, capacity indexes are based on responses to the
Bureau of the Census's Quarterly Survey of Plant Capacity (QSPC); these
industries account for a bit less than 70 percent of total industry capacity.
In the absence of utilization data for a few mining and petroleum series, capacity
is based on trends through peaks in production (roughly 5 percent of total
industry capacity). A detailed description of the methodology used to
construct the capacity indexes is available on the Board's website
(www.federalreserve.gov/releases/G17/CapNotes.htm).
Aggregation Methodology. Monthly capacity aggregates are calculated
in three steps: (1) utilization aggregates are calculated on an annual basis
through the most recent full year as capacity-weighted aggregates of
individual utilization rates; (2) the annual aggregate capacity is derived
from the corresponding production and utilization aggregates; (3) the
monthly capacity aggregate is obtained by interpolating 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 survey of large
companies reported, on average, higher utilization rates than those
reported by establishments covered by the annual Survey of Plant
Capacity (the primary source of factory operating rates through 2006,
after which it was discontinued) for the fourteen years they
overlapped. Adjustments have been made to keep the industry
utilization rates currently reported by the Federal Reserve (now based
on the QSPC) 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 Census
utilization surveys.
Perspective. Over the 1972-2014 period, the average total industry
utilization rate was 80.1 percent; for manufacturing, the average factory
operating rate was 78.7 percent. Industrial plants usually operate at
capacity utilization rates that are well below 100 percent: none of the
broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in
wartime. The highs and lows in capacity utilization are
specific to each series and do not all occur in the same month.
References and Release Dates
References. The annual revision published in June 2010 is
described in an article published in the Federal Reserve
Bulletin, available on the Board's website at www.federalreserve.gov/releases/G17/About.htm. A summary of the
annual revision that incorporated back to 1972 production and capacity
indexes reclassified according to the North American Industry
Classification System is available in an article in the Federal
Reserve Bulletin, vol. 89 (April 2003), pp.151-76. A description
of the aggregation methods for industrial production and capacity
utilization is included in an article in the Federal Reserve
Bulletin, vol. 83 (February 1997), pp. 67-92. The Federal Reserve
methodology for constructing industry-level measures of capital is
detailed in "Capital Stock Estimates for Manufacturing Industries:
Methods and Data" by Mike Mohr and Charles Gilbert (1996), which can
be obtained at www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.
Industrial Production-1986 Edition contains a more detailed description
of the other methods used to compile the industrial production index, plus
a history of its development, a glossary of terms, and a bibliography. The
major revisions to the IP indexes and capacity utilization since 1990 have
been described in the Federal Reserve Bulletin (April 1990, June 1990,
June 1993, March 1994, January 1995, January 1996, February 1997,
February 1998, January 1999, March 2000, March 2001, March 2002,
April 2003, Winter 2004, Winter 2005).
Release Schedule
On the day the G.17 is released it is published at 9:15 a.m., the publication
schedule for 2015 is January 16, February 18, March 16, April 15, May 15, June 15,
July 15, August 14, September 15, October 16, November 17, and
December 16.
This release schedule is available on the Board's website at
https://www.federalreserve.gov/releases/g17.