FEDERAL RESERVE STATISTICAL RELEASE
G.17 (419) 2010 Historical and Annual Revision For release at 12:00 p.m. (EDT)
June 25, 2010
Industrial Production and Capacity Utilization: The 2010 Annual Revision
The Federal Reserve has revised the index of industrial production (IP) and the related measures of
capacity and capacity utilization. Although rates of change from January 1972 through May 2010 are
affected, the revision had its largest effect on data from 2006 through 2009. The annual data from the
2007 Census of Manufactures and 2008 Annual Survey of Manufactures (ASM) were the largest sources of
revision and implied noticeably stronger output in 2007 (mostly in durable goods industries) and a larger
drop in output in 2008 (mostly in nondurables). Nevertheless, the overall contour of total IP in recent
years was little changed by the revision: The index increased at a moderate rate in 2006 and 2007; it fell
sharply in 2008 and declined further in the first half of 2009. Relative to earlier estimates, measured
from fourth quarter to fourth quarter, total IP is now reported to have increased 0.7 percentage point and
0.5 percentage point more rapidly in 2006 and 2007, respectively. The decrease in total IP in 2008 is now
shown to have been 0.9 percentage point greater than estimated earlier, but the decrease in 2009 is 0.9
percentage point less.[1]
The revision shows that the rate of capacity utilization for total industry was 0.7 percentage point
higher in the fourth quarter of 2007. At 71.1 percent, overall utilization in the fourth quarter of 2009
was 0.2 percentage point below its previous estimate.
In this revision, the base year for the IP index was advanced from 2002 to 2007, which lowered the
level of the IP index for most periods. In addition to the new base, the revised IP indexes incorporated
detailed data from the 2007 Economic Census and the 2008 ASM, both conducted by the U.S. Census Bureau.
Data from selected editions of the Census Bureau's 2008 and 2009 Current Industrial Reports have also been
incorporated along with annual data from the U.S. Geological Survey regarding metallic and nonmetallic
minerals (except fuels) for 2008. The revised indexes reflect updated price deflators from the Bureau of
Economic Analysis (BEA). For this release, monthly indicators (either product data or input data) were
revised, and the estimation methods for some series were changed. The new monthly production estimates
reflect the incorporation of updated seasonal factors and monthly and quarterly source data that became
available (or were revised) after the closing of the reporting window.
Capacity and capacity utilization were revised to incorporate data from the Census Bureau's Quarterly
Survey of Plant Capacity for the fourth quarters of 2008 and 2009, which covered manufacturing, along with
new data on capacity from the U.S. Geological Survey, the Department of Energy, and other organizations.
RESULTS OF THE REVISION
The tables show the summary statistics for the annual revision. Tables 1A and 1B show the monthly,
quarterly, and annual average index levels for IP and for capacity and utilization for January 1980 through
May 2010, along with percent changes in IP. Tables 2 through 4 show the revised rates of change in IP from
2005 through 2009 for market groups, industry groups, special aggregates, and selected detail. Table 5
shows the revised rates of change in capacity by industry groups for the 2006-10 period. Tables 2 through
5 also show the difference between the revised and earlier rates of change. Table 6 shows the revised
capacity utilization rates for the final quarters of 2006 through 2009 and the difference between the
revised and previous rates. Tables 7A, 7B, 8A, 8B, 9A, and 9B report the revised production, capacity, and
utilization series for manufacturing, total industry excluding selected high-technology industries, and
manufacturing excluding selected high-technology industries. Table 10 reports the annual proportions in IP
by market and industry groups for 2002 through 2009. Table 11 reports revised IP indexes and capacity
utilization rates for the major market and industry groups for the most recent six months.
Industrial Production
The changes in total IP were revised up for 2006 and 2007 (table 2), but the overall contour for recent
years was little changed--moderate gains for 2005 through 2007 are still followed by drops in the index in
2008 and 2009.[2] After the revision, the recent trough in IP remained June 2009. The peak for IP prior to
the recent recession moved earlier, to September 2007; previously, it had occurred in December 2007. (The
overall index level in December 2007 had been about 0.3 percent above September 2007; it is now 0.2 percent
below September 2007.)
Production by Industry Group
Manufacturing production expanded during the 2005-07 period, on balance, before contracting sharply in
2008 and again in 2009.[3] The breadth of the decline in 2008 was noteworthy--the output index for every
major manufacturing industry fell during the year. For durable goods industries as a whole, output rose in
each year from 2005 through 2007, and the increase over this period was revised up, on net. The output of
durable goods output fell sharply in 2008, and that drop was little changed compared with the previous
estimate. In 2009, production of durable goods fell again but by less than previously estimated; smaller
declines are now reported in most industries with the exceptions of machinery and miscellaneous
manufacturing. The industries with the most notable upward revisions over the entire 2005-09 period were
wood products, primary metals, machinery, computer and electronic products, and aerospace and miscellaneous
transportation equipment.
Production in nondurable manufacturing industries advanced in 2005 and in 2006. It was unchanged in
2007 but fell sharply in 2008 and moved down a bit in 2009. Over the 2005 through 2008 period, rates of
change in most nondurable goods industries were revised down. In 2008, all of the major components of
nondurable goods except for printing and support now show larger drops in their production indexes. In
2009, revisions were mixed. Changes were revised down in the indexes for food, beverage, and tobacco
products; apparel and leather; printing and support; and plastics and rubber products. Rates of change
were revised up for textile and product mills; paper; petroleum and coal products; and chemicals.
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 each year from 2005 through 2009, and
revisions over this period were generally small and negative. The exception was 2009, which now shows a
smaller decline. The index for mining fell substantially in 2009 after being little changed during 2007
and 2008. In 2008, the small decline was previously reported as a gain of about 1 percent, but in 2009,
the index is now shown to have fallen by less. The index for utilities is also nearly unchanged from
previous estimates, with the exception of 2008, for which the index now shows a small decline rather than a
small advance.
The estimates for selected high-technology industries--computers and peripheral equipment, communications
equipment, and semiconductors and related electronic components--had sizable upward revisions over the
2005-09 period (table 3). Output in the high-tech sector is still reported to have posted robust gains
from 2005 through 2007 followed by a decline in 2008. The output of high-technology industries turned back
up in 2009. The index for computers and peripheral equipment rose in each year from 2005 through 2007 and
then fell in the next two years; the rates of change were revised up in most years. The index for
communications equipment posted strong gains over 2005 and 2006. It fell substantially in 2007 but moved
higher in the next two years. Rates of change for 2006 and 2009 were revised sizably upward, and those in
2007 and 2008 were revised significantly downward. The revisions for this industry reflect two factors.
First, the benchmark annual output index was close to the previous estimate of output for 2007 but
substantially below the earlier estimate for 2008. The change in the estimate for 2008 was primarily due
to a very large downward revision to data networking equipment that began in the middle of 2007 as domestic
production facilities began to close permanently.[4] Second, from 2007 forward, the high frequency indicator
series for the various components of communications equipment are based on different data sources
(discussed in more detail later), which indicated a different quarterly pattern. The production of
semiconductors and related components rose solidly from 2005 through 2007, contracted significantly in
2008, but moved higher in 2009. The rates of change were revised up over this period.
Production by Market Group
The production index for final products and nonindustrial supplies (table 2) posted moderate gains
from 2005 through 2007 and then fell markedly in 2008 and 2009. The rates of change in the index are lower
than previously reported for 2005 and 2008 but slightly higher in 2006, 2007, and 2009.
The production of consumer goods rose in 2005 but was little changed in 2006 and 2007. It then moved down
significantly in 2008 and declined a bit further in 2009. Compared with previous estimates, output was
revised down noticeably in 2008; the revisions to other recent years were much smaller. The output of
durable consumer goods rose, on net, from 2005 through 2007, then dropped steeply in 2008 and posted a
moderate decline in 2009. The rates of change were revised up in each year from 2005 to 2007 and in 2009.
Among durable consumer goods, the revised index for automotive products increased more rapidly from 2005
through 2007. In 2008, the index now posts a steeper decline, but in 2009, its rebound is larger. The
output of home electronics was also revised noticeably; negative revisions in 2006 and 2008 offset positive
revisions in 2005 and 2007, but in 2009 the rate of change in output revised up substantially to now show a
small gain over the course of the year.
The index for consumer nondurables shows gains in output for 2005 and 2006 and contractions for 2007
through 2009. Rates of change in the index for consumer nondurable non-energy goods display a similar
pattern; the index was little changed in 2005 and 2009 but revised down for 2006 through 2008. The largest
revision occurred in clothing, which is now shown to have declined substantially more steeply, on net, for
2005 through 2009. The index for consumer energy products posted gains from 2005 through 2008 but recorded
a small decline in 2009.
The production of business equipment increased solidly in 2005 and 2006, rose modestly in 2007, then fell
sharply in 2008 and again in 2009. Relative to previous estimates, the rate of change in the index was a
bit lower in 2005 but higher in the years following. Among its components, the output index for transit
equipment rose substantially in 2005 and 2006. It posted a modest gain in 2007 before plummeting in 2008,
partly because of weakness in the motor vehicle industry and partly because of a strike at a major aircraft
producer in the second half of the year. Production advanced in 2009 but by a bit less than the earlier
estimate. Revisions to its rates of change from 2006 through 2008 were positive. The production of
information processing equipment expanded in each year from 2004 through 2008 but posted a modest decline
in 2009; on net, the rates of change for this market group were revised up. The production of defense and
space equipment is now estimated to have risen more rapidly, on balance, from 2005 through 2007. The
decline in 2008 is now modestly larger than stated previously, but the increase in 2009 is little changed.
After a gain in 2005, the output of construction supplies fell from 2006 through 2009. Relative to
previous estimates, the overall decrease since 2005 is little changed, with larger declines in 2007 and
2008 but smaller drops in 2006 and 2009. The production of business supplies rose modestly from 2005
through 2007 and then tumbled in 2008 and again in 2009. Revisions were relatively small in most years.
The index for materials was down slightly in 2005 but moved up in 2006 and 2007 before falling over the
next two years. The revisions to the change in output since 2005 for this group were generally upward with
only 2005 and 2008 showing small downward revisions. The indexes for durable and nondurable materials both
fell more than 12 percent in 2008 after having increased moderately, on net, from 2005 through 2007. In
2009, durable materials posted another large decline, but nondurable materials rose modestly. Relative to
earlier estimates, the net decrease over the 2005-09 window for durable materials is somewhat less, whereas
the net decline for nondurable materials is little different. The index for energy materials is now shown
to have posted small declines in 2008 and 2009. Previous estimates showed the indexes up slightly in 2008
and down moderately in 2009. In prior years, energy materials moved higher on balance; revisions were
relatively modest.
Capacity
Overall, total industrial capacity increased moderately from 2006 through 2009 but is expected to
decline in 2010 (table 5). The rates of change in both 2009 and 2010 have been revised up somewhat from
earlier estimates, but revisions to earlier years were smaller. With the notable exception of 2009, the
contour of manufacturing capacity and the revisions to that contour are roughly similar to those for total
industry. In 2009, factory capacity fell sharply, but increases in capacity for both mining and utilities
helped overall capacity post a modest increase.
Aggregate capacity for the selected high-technology industries rose in each year from 2006 through
2009 and is expected to post a sizable increase in 2010. Relative to previous reports, capacity in these
industries rose more quickly in 2006 and 2007 and less quickly in 2008 and 2009. Excluding high-technology
industries, manufacturing capacity expanded from 2006 through 2008. It declined in 2009 and is expected to
fall again in 2010. The current estimates are similar to previous reports.
Capacity at mines expanded from 2006 through 2009 and is expected to be little changed this year.
The gains in 2008 and 2009 are now reported to have been stronger than previously published, but the rates
of change in 2007 and 2010 have been revised down. Capacity at electric and gas utilities has risen each
year since 2006; the gains in 2008 and 2009 were somewhat larger than in 2006 and 2007, and the increase
this year is projected to be slightly below the average over the preceding four years.
By stage of processing, after a large upward revision in 2009, capacity in the crude stage is now reported
to have risen every year from 2006 to 2009, although it is expected to fall in 2010. The rates of change
for capacity in the primary and semifinished stages were mostly revised up over the 2006-09 revision
period. After gains from 2006 to 2008, capacity at this stage fell in 2009, but by a bit less than earlier
estimates, and it is expected to fall again in 2010. Relative to previous estimates, changes to the index
for finished goods were revised down from 2006 through 2009. Despite the downward revisions, capacity for
this stage of process still rose from 2006 through 2008 and only fell modestly in 2009; it is expected to
rise more in 2010 than estimated previously.
Capacity Utilization
In 2006 and 2007, the capacity utilization rate for total industry stood a little above its long-run
(1972 to 2009) average of 80.6 percent.[5] It fell in 2008 and again in 2009 to a level in the fourth
quarter of 2009 that was about 9-1/2 percentage points below its long-run average (table 6). The
utilization rate for total industry was revised up noticeably in 2007 and down a bit in 2009. Revisions to
2006 and 2008 were slight. Manufacturing capacity utilization stood at about its long-run average of 79.2
percent in 2006 and 2007. It fell sharply in 2008 and dropped further in the fourth quarter of 2009, to
68.8 percent, a rate more than 10 percentage points below its long-run average. Relative to earlier
reports, the factory operating rate was unrevised in 2006, was revised down in 2008, and was revised up in
2007 and 2009.
Within durable goods, utilization rates for most industries were above their long-run averages in
2007 but then dropped to well below their long-run averages over the next two years. Durable goods
industries that saw the largest declines in operating rates were wood products, nonmetallic mineral
products, primary metals, and motor vehicles and parts. In these industries, utilization rates tumbled 15
percentage points or more below their long-run averages in 2008. Apart from motor vehicles and parts,
utilization rates in all the other major durable goods industries fell further in 2009. Capacity
utilization rates were revised noticeably in a number of industries. In particular, substantial downward
revisions occurred in nonmetallic mineral products and motor vehicles and parts. Sizable upward revisions
over the 2006-09 window occurred in wood products; machinery; computer and electronic products; electrical
equipment, appliances, and components; and furniture and related products.
Utilization rates for most nondurable goods industries were a bit below their long-run averages in 2006
and 2007. Most fell substantially in 2008 and declined further in 2009. In the fourth quarter of 2009,
four nondurable goods industries (textile and product mills; paper; printing and support activities; and
plastics and rubber products) had utilization rates more than 10 percentage points below their long-run
averages. Among nondurable goods industries, the rates for apparel and leather, printing and support, and
plastics and rubber products had the largest downward revisions over the 2006-09 period; revisions in other
nondurable goods industries were relatively small.
Capacity utilization in the other (non-NAICS) manufacturing category was revised downward in 2006 and
2007 but upward substantially in 2008 and 2009.
The operating rates for the selected high-technology industries were above their long-run averages in the
fourth quarters of 2006 and 2007 before dropping below the average in 2008 and 2009. Relative to earlier
estimates, capacity utilization is now reported to have been substantially higher in 2008 and 2009 but
little changed, on net, in previous years. The operating rates for computers and peripheral equipment and
those for communications equipment are now shown to have been lower than previously reported in 2006 and
2007 but higher in more recent years. Although capacity utilization was revised up over the entire 2006-09
period for semiconductors and related electronic components, operating rates have been at or below the
long-run average since 2007.
Capacity utilization in mining was above its long-run average from 2006 through 2008. In the fourth
quarter of 2009, it fell to 81.7 percent, a rate 5-3/4 percentage points below its long-run average.
Relative to earlier estimates, the utilization rate for mining was lower over the entire 2006-09 period.
At electric and gas utilities, capacity utilization rates had small revisions from 2006 through 2008. The
rate was revised down in 2009 to 78.8 percent, a rate that was nearly 6 percentage points below its
long-run average.
TECHNICAL ASPECTS OF THE REVISION
This revision incorporated comprehensive data for both 2007 and 2008 for manufacturing production.
The results of the Economic Census for 2007 and the ASM for 2008 became available since the last annual
revision was published in March 2009. Revised price indexes from the BEA and updated price indexes
constructed by the Federal Reserve for a few selected industries were also incorporated.[6] In addition, the
benchmark indexes for logging and publishing (included in the IP index for manufacturing but no longer
included in manufacturing under NAICS) were advanced through 2008 based on data from the U.S. Forest
Service and the Census Bureau.
The revised IP indexes incorporated information from selected Current Industrial Reports (CIRs) for
2009, the Quarterly Survey of Plant Capacity for 2009, and other annual industry reports. The indexes also
incorporated revised monthly and quarterly source data on production, shipments, inventories, and
production-worker hours.
Annual Benchmark Output Indexes
The annual benchmark indexes--defined for each six-digit NAICS industry as nominal gross output
divided by a price index--were updated to include new as well as revised information from the 2007 Economic
Census and the 2008 ASM. Data from these reports were classified based on the 2007 NAICS, whereas data
from these reports for 2002 through 2006 were classified based on the 2002 NAICS. The 2007 NAICS included
about a dozen six-digit manufacturing industries that had different coverage than they did in the 2002
NAICS. One industry included in the 2002 NAICS, Laboratory Apparatus and Furniture Manufacturing (NAICS
339111), was eliminated; its various components were distributed among seven different six-digit industries
in the 2007 NAICS.
Industrial production and capacity utilization are structured to follow a single industry classification
system, currently 2002 NAICS, from 1972 forward. For the purposes of maintaining a consistent benchmark
time series, the data from the 2007 Economic Census and the 2008 ASM were transformed to the 2002 NAICS
system using data from tables on product shipments by industry from the 2002 Economic Census. The Census
Bureau plans to issue bridge tables providing a more precise allocation of the data from the 2007 Economic
Census into the 2002 NAICS next year.
Since 2003, the ASM has not included separate data for every six-digit manufacturing industry; data for
some industries were only included as part of a larger group of industries. Previously, the benchmark
indexes for industrial production were calculated by allocating the data for these combined industries to
their six-digit components based on shares from the 2002 Economic Census. With this revision, the
allocations for 2003 through 2006 reflect shares from both the 2002 and 2007 Economic Censuses. Data from
the 2008 ASM were allocated to the component six-digit industries based on shares from the 2007 Economic
Census.
The deflators for the IP benchmarks primarily reflect industry shipments deflators issued by the Bureau of
Economic Analysis in May 2010. The BEA deflators differed occasionally from their previously published
values because of the incorporation of information from the 2002 Input-Output tables on the composition of
each industry's primary and secondary products.
Changes to Individual Production and Capacity Series
With this revision, the monthly production indicators for some series have changed.
Communications equipment
The IP aggregate index for communications equipment (NAICS 3342) comprises six product-based indexes.
With this revision, each of those six indexes incorporates quarterly data on nominal shipments at the
detailed product level from the Census Bureau's relevant CIR from 2007 forward. The quarterly CIR for
communications equipment began in 2006 and now has enough history available to incorporate these data on a
seasonally adjusted basis. The nominal shipments data for each of the six indexes are combined with price
indexes constructed or taken from other sources.
Previously, four of the six communications equipment output indexes used data on nominal domestic
absorption combined with price deflators constructed from detailed product information, and the other two
indexes were based on production-worker-hour data. The nominal CIR shipments data more closely reflect
domestic output and are expected to provide a more accurate measure of U.S. production than the data on
domestic absorption.
The IP indexes for enterprise and home voice equipment; data networking equipment;
transmission, local loop, and legacy central office equipment; and wireless system equipment were
previously based on nominal domestic absorption data deflated with matched-model price deflators. The new
CIR-based indicators for these products continue to incorporate matched-model deflators, though for the
first two indexes, the price data are now provided by the Dell'Oro Group and cover more detailed product
types than the price information used previously.
The other two communications equipment indexes, satellites and earth station equipment and other
radio and TV broadcasting equipment, had been previously based on production-worker hours. The revised
index for satellites and earth station equipment deflates the CIR shipments data with an annual price index
initially constructed for the 2006 annual revision. The index uses annual data from Futron Corporation and
the Satellite Encyclopedia that is interpolated and extended based on a producer price index. The CIR
shipments data for other radio and TV broadcasting equipment is deflated by a Bureau of Labor Statistics
(BLS) producer price index.
Computers
The production indexes for computer storage device and computer terminal manufacturing (NAICS 334112
and NAICS 334113) and for other computer peripheral equipment manufacturing (NAICS 334119) are now based on
nominal shipments data from the Census Bureau's quarterly CIR deflated by the relevant BLS producer price
indexes for 2007 to the present. As with the CIR for communications equipment, the CIR for computers was
introduced in 2006, and there is now enough history for the data to be seasonally adjusted. Previously,
the IP indexes for these series were based on data from Gartner on output of these products during the
1990s that were extended by statistical models that predicted changes in output based on changes in the
production of personal computers and of servers.
Semiconductors
Within semiconductors, the output index for other MOS memories (NAICS 334413, part) is constructed
from nominal domestic absorption data deflated by a matched-model price deflator constructed from detailed
product information from the Semiconductor Industry Association. Previously, the price deflator for this
index was constructed from product data from iSuppli that were discontinued.
Glass containers
The index for glass containers (NAICS 327213) is based on monthly data on unit production from the
Glass Packaging Institute (GPI). Formerly, this index was based on monthly data from the Census Bureau's
CIR, which was discontinued after December 2008. The GPI data begin in January 2008, and the year of
overlap was used to adjust the GPI data to the CIR level going forward.
Series switched from using product data to production-worker hours
Product data used as indicators for a few IP indexes were discontinued in the past few years and have
been replaced by production-worker hours for 2007 to the present. The industries affected are industrial
gas manufacturing (NAICS 32512), electric housewares and household fan manufacturing (NAICS 335211), and
household vacuum cleaner manufacturing (NAICS 335212).
In addition, production worker hours have replaced physical product data as the indicator for the IP
index for audio and video equipment manufacturing (NAICS 3343) because of the changes to the concentration
of domestic production of products within the industry. The previous physical product data source for this
index predominantly covered sales of products such as digital televisions. Newly available information
from the Census of Manufactures indicated that these products now represent a smaller fraction of domestic
production (about 20 percent in 2007 and 2008 compared with about 40 percent between 2002 and 2006).
Consequently, the production-worker hours are able to provide a more accurate indicator of output.
New Capacity Series
Plywood and miscellaneous wood products
The capacity index for plywood and miscellaneous wood products (NAICS 3212 and 3219) was split into
two series--veneer, plywood, and engineered wood product (NAICS 3212) and other wood products (NAICS
3219)--from 1987 onward. The capacity indicator for veneer, plywood, and engineered wood products is data
on particleboard capacity and fiberboard capacity, both from the Composite Panel Association. The capacity
indicator for other wood products is based on utilization rates from the Census Bureau's Survey of Plant
Capacity.
Basic inorganic chemicals
The capacity index for basic inorganic chemicals (NAICS 32512-8) was split into two series--alkalies
and chlorine (NAICS 325181) and basic inorganic chemicals excluding alkalies and chlorine (NAICS 32512-7,
325182, and 325188). The capacity indicator for alkalies and chlorine is data on chlorine capacity from
the Chlorine Institute. The capacity indicator for basic inorganic chemicals excluding alkalies and
chlorine is based on utilization rates from the Census Bureau's Survey of Plant Capacity.
Weights for Aggregation
The IP index is a Fisher index. The weights for manufacturing industries are derived from value-added
measures from the Census of Manufactures and the ASM. The Federal Reserve derives estimates of value added
for the electric and gas utility industries from annual revenue and expense data issued by other
organizations. The weights for aggregation, expressed as value added per unit, were estimated with the
latest data on producer prices for the period after 2008. Table 10 shows the annual value-added
proportions in the IP index from 2002 through 2009.
Revised Quarterly and Monthly Data
This revision incorporates 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 a lag to be included
with monthly IP estimates but were available for inclusion in the annual revision.
Revised Seasonal Factors
Seasonal factors for all series were reestimated using data that extend into 2010. Factors for
production-worker hours--which adjust for timing, holiday, and monthly seasonal patterns--were updated with
data through January 2010. The updated factors for the physical product series, which include adjustments
for holiday and workday patterns, used data through March 2010 where available. Seasonal factors for unit
motor vehicle assemblies have been updated, and projections through December 2010 are on the Board's
website at www.federalreserve.gov/releases/g17/mvsf.htm.
For many of the series based on production-worker-hour data, and some based on product data
(particularly steel products), the recent recession seemed to have a systematic effect on the seasonal
factors estimated using standard procedures (X-12 with a time-series-based pre-adjustment). The seasonal
factors for these series had revised down around the apparent trough of the recession in June 2009 and
increased toward the beginning and end of the year. This pattern would generally raise the change in IP in
the first halves of 2008 through 2010 and lower the change in the second halves of those years. Because
the pattern was probably artificially induced by the recession and a more normal pattern will likely return
in 2010, those series were pre-adjusted for much of 2009 to eliminate the recession pattern before applying
X-12 to them. These pre-adjustments will be reconsidered when the seasonal factors are reestimated after
2010 data are fully available.
Footnotes
1 Revisions to annual growth measured from fourth quarter to fourth quarter outside of 2007 and 2008
primarily resulted from the interpolation of the annual benchmark data into quarterly figures. For
example, an upward revision to the average level of IP for 2007 pulled output up in late 2006 and reduced
it in early 2006; the average for 2006, however, would be unchanged.
2 In this section, all the rates of change are calculated from the fourth quarter of the previous year to
the fourth quarter of the reference year.
3 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 traditionally have been considered to be manufacturing.
4 This change had a substantial effect on the fourth-quarter to fourth-quarter changes in the index because
it left the level at the end of 2008 much lower than the previous estimate.
5 Capacity utilization rates are reported for the fourth quarter of the year referenced.
6 Price indexes for pharmaceuticals (NAICS 325412), for semiconductors (NAICS 334413), and for most
components of communications equipment (NAICS 3342) 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.
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. The
revised data will also be available through the STAT-USA website of the Department of Commerce
(www.stat-usa.gov). Further information on these revisions is available from the Board's Industrial Output
Section (telephone 202-452-3197).
A document with printed tables of the revised estimates of series shown in the G.17 release is available
upon request to the Industrial Output Section, Mail Stop 82, Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551.
An expanded version of this release will be published in a forthcoming report that will be available on
the Board's website.
U.S. Networking Equipment, 1998 to 2008
Value of
Production Price Production
Index Index (mil. dollars)
---------- ------- ----------
1998 40.4 233.4 12,756.7
1999 84.4 193.7 22,111.2
2000 102.7 173.6 24,174.1
2001 132.1 133.1 23,839.6
2002 100.0 100.0 13,595.4
2003 115.5 76.6 11,941.9
2004 133.1 59.9 10,809.1
2005 154.9 54.3 11,398.8
2006 249.5 51.4 17,251.4
2007 171.6 48.3 11,337.9
2008 10.1 47.1 642.4
1998Q1 38.6 261.2 13,604.5
Q2 37.8 243.3 12,416.6
Q3 39.0 216.2 11,391.7
Q4 47.1 214.6 13,640.1
1999Q1 68.7 204.2 18,953.9
Q2 85.9 195.2 22,649.1
Q3 91.1 192.0 23,611.6
Q4 93.6 184.2 23,292.2
2000Q1 99.5 184.0 24,725.8
Q2 101.4 172.6 23,623.2
Q3 102.1 171.3 23,622.7
Q4 109.1 167.1 24,617.2
2001Q1 132.0 146.1 26,048.1
Q2 130.8 140.1 24,736.4
Q3 134.4 128.4 23,305.8
Q4 131.6 119.1 21,173.9
2002Q1 108.0 112.4 16,405.3
Q2 98.7 103.2 13,762.0
Q3 97.0 95.8 12,549.5
Q4 96.2 89.7 11,653.6
2003Q1 100.0 84.2 11,367.1
Q2 116.7 81.8 12,899.6
Q3 127.0 75.3 12,918.2
Q4 118.2 65.8 10,505.5
2004Q1 141.2 66.7 12,723.4
Q2 132.5 60.8 10,878.6
Q3 129.1 57.5 10,025.3
Q4 130.4 54.9 9,672.1
2005Q1 141.0 54.1 10,294.1
Q2 149.8 53.7 10,870.6
Q3 156.8 54.6 11,556.4
Q4 170.4 55.0 12,648.6
2006Q1 200.8 54.1 14,664.1
Q2 223.6 51.6 15,586.1
Q3 265.2 50.3 18,007.3
Q4 300.4 49.7 20,176.0
2007Q1 287.2 48.8 18,929.0
Q2 231.9 48.9 15,299.1
Q3 137.2 47.9 8,879.4
Q4 52.5 47.8 3,389.3
2008Q1 17.0 48.3 1,110.5
Q2 6.1 47.5 389.8
Q3 6.5 47.1 415.8
Q4 11.2 45.7 691.3
Table 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) | | |
1980 | .4 .1 -.3 -2.0 -2.5 -1.2 -.7 .3 1.6 1.3 1.7 .6 | 1.6 -15.8 -6.2 16.4 | -2.5
1981 | -.6 -.5 .5 -.4 .6 .5 .6 .0 -.6 -.7 -1.1 -1.1 | .9 1.4 3.8 -8.5 | 1.3
| | |
1982 | -2.0 2.0 -.7 -.9 -.6 -.4 -.3 -.8 -.4 -.8 -.4 -.8 | -7.8 -5.0 -5.7 -7.2 | -5.2
1983 | 1.9 -.6 .9 1.2 .7 .5 1.6 1.1 1.5 .8 .3 .5 | 4.7 9.3 14.5 10.8 | 2.8
1984 | 2.0 .5 .4 .6 .5 .4 .3 .1 -.2 -.1 .4 .1 | 12.4 6.3 2.8 .3 | 8.9
1985 | -.3 .5 .1 -.2 .1 .1 -.7 .4 .4 -.4 .3 1.0 | 1.1 .4 -.7 2.5 | 1.2
1986 | .5 -.7 -.6 .1 .2 -.3 .6 -.2 .2 .5 .5 .9 | 2.2 -2.3 1.6 4.6 | 1.0
| | |
1987 | -.4 1.3 .2 .6 .7 .5 .6 .7 .3 1.5 .5 .5 | 5.3 7.4 7.3 10.1 | 5.2
1988 | .0 .4 .3 .5 -.1 .2 .1 .5 -.4 .5 .2 .4 | 3.5 3.5 1.9 2.9 | 5.2
1989 | .3 -.4 .3 .0 -.7 .0 -.9 .9 -.2 -.1 .3 .6 | 1.6 -1.6 -2.5 1.8 | .9
1990 | -.5 .9 .5 -.1 .2 .3 -.1 .2 .2 -.8 -1.2 -.7 | 3.0 2.7 1.5 -6.1 | 1.0
1991 | -.4 -.6 -.5 .2 1.0 1.0 .0 .1 .9 -.2 -.1 -.3 | -7.4 2.5 5.6 .9 | -1.5
| | |
1992 | -.6 .8 .8 .7 .3 .0 .9 -.5 .2 .7 .4 .0 | -.4 7.1 2.8 4.0 | 2.8
1993 | .5 .3 .0 .3 -.4 .2 .3 .0 .4 .8 .4 .5 | 3.5 1.1 2.0 6.2 | 3.3
1994 | .4 .0 1.1 .5 .6 .7 .2 .6 .2 .8 .6 1.1 | 5.0 7.4 5.1 8.2 | 5.3
1995 | .3 .0 .2 -.1 .2 .3 -.4 1.4 .4 -.2 .2 .4 | 5.2 1.0 3.7 3.2 | 4.8
1996 | -.6 1.6 -.2 .8 .7 .9 -.1 .7 .6 .0 .8 .6 | 3.1 8.1 5.4 5.6 | 4.4
| | |
1997 | .1 1.2 .8 .0 .7 .5 .6 1.3 .9 .7 .9 .3 | 7.8 6.4 9.6 10.1 | 7.2
1998 | .5 .1 .1 .4 .7 -.6 -.4 2.1 -.3 .7 -.1 .3 | 4.5 3.0 3.0 5.4 | 5.9
1999 | .5 .4 .2 .2 .8 -.2 .6 .4 -.3 1.3 .5 .8 | 4.1 3.9 3.9 7.4 | 4.3
2000 | .1 .4 .4 .6 .2 .1 -.2 -.2 .5 -.4 .0 -.4 | 4.7 4.7 -.5 -1.1 | 4.0
2001 | -.7 -.6 -.3 -.2 -.7 -.6 -.4 -.3 -.3 -.5 -.5 .0 | -5.6 -5.0 -5.6 -4.6 | -3.3
| | |
2002 | .6 .0 .8 .4 .5 .9 -.3 .2 .1 -.3 .5 -.5 | 2.8 6.5 2.3 -.3 | .2
2003 | .7 .4 -.1 -.8 .0 .0 .4 -.1 .6 .0 .8 -.1 | 2.9 -3.0 2.2 3.6 | 1.3
2004 | .2 .6 -.5 .5 .7 -.9 .7 .2 -.1 .9 .2 .7 | 2.6 1.8 1.8 5.6 | 2.3
2005 | .5 .7 .0 .0 .2 .3 -.1 .2 -2.0 1.0 1.1 .6 | 5.9 2.0 -1.5 2.7 | 3.2
2006 | .0 .1 .2 .4 -.1 .4 .3 .3 -.1 .0 -.2 1.0 | 3.7 2.6 2.7 .9 | 2.2
| | |
2007 | -.4 1.1 .1 .7 .0 -.1 .2 .0 .4 -.7 .4 .1 | 4.3 4.5 1.0 -.7 | 2.7
2008 | -.3 -.2 -.3 -.8 -.5 -.4 .0 -1.2 -4.0 1.0 -1.0 -2.0 | -1.6 -5.9 -9.7 -13.0 | -3.3
2009 | -2.1 -.8 -1.5 -.8 -.9 -.2 1.4 1.2 .7 .3 .5 .5 | -17.6 -10.3 8.3 7.0 | -9.3
2010 | 1.0 .0 .3 .6 1.3 | 6.9 |
| | |
IP (2007=100) | | |
1980 | 51.6 51.7 51.5 50.5 49.2 48.6 48.3 48.5 49.2 49.9 50.7 51.0 | 51.6 49.5 48.7 50.5 | 50.1
1981 | 50.7 50.5 50.7 50.5 50.8 51.1 51.4 51.4 51.1 50.7 50.2 49.6 | 50.7 50.8 51.3 50.2 | 50.7
| | |
1982 | 48.6 49.6 49.2 48.8 48.5 48.3 48.2 47.8 47.6 47.2 47.0 46.6 | 49.2 48.5 47.8 46.9 | 48.1
1983 | 47.5 47.2 47.7 48.2 48.6 48.8 49.6 50.2 50.9 51.3 51.5 51.7 | 47.5 48.5 50.2 51.5 | 49.4
1984 | 52.8 53.1 53.3 53.6 53.9 54.1 54.2 54.3 54.2 54.1 54.3 54.4 | 53.1 53.9 54.2 54.3 | 53.9
1985 | 54.2 54.5 54.5 54.4 54.5 54.5 54.2 54.4 54.6 54.4 54.6 55.2 | 54.4 54.5 54.4 54.7 | 54.5
1986 | 55.4 55.0 54.7 54.7 54.8 54.6 55.0 54.9 55.0 55.2 55.5 56.0 | 55.0 54.7 54.9 55.5 | 55.0
| | |
1987 | 55.8 56.5 56.6 56.9 57.3 57.6 58.0 58.4 58.5 59.4 59.7 60.0 | 56.3 57.3 58.3 59.7 | 57.9
1988 | 60.0 60.3 60.4 60.7 60.7 60.8 60.9 61.2 61.0 61.3 61.4 61.7 | 60.2 60.8 61.1 61.5 | 60.9
1989 | 61.9 61.6 61.8 61.8 61.3 61.4 60.8 61.4 61.2 61.1 61.3 61.7 | 61.7 61.5 61.1 61.4 | 61.4
1990 | 61.4 61.9 62.2 62.1 62.2 62.4 62.3 62.5 62.6 62.2 61.4 61.0 | 61.8 62.3 62.5 61.5 | 62.0
1991 | 60.7 60.3 60.0 60.1 60.7 61.3 61.3 61.4 61.9 61.8 61.7 61.5 | 60.3 60.7 61.5 61.7 | 61.1
| | |
1992 | 61.1 61.6 62.1 62.6 62.8 62.8 63.3 63.0 63.1 63.6 63.8 63.9 | 61.6 62.7 63.1 63.8 | 62.8
1993 | 64.2 64.4 64.4 64.6 64.4 64.5 64.7 64.7 65.0 65.5 65.8 66.1 | 64.3 64.5 64.8 65.8 | 64.9
1994 | 66.4 66.4 67.1 67.4 67.8 68.2 68.4 68.7 68.9 69.5 69.9 70.7 | 66.6 67.8 68.7 70.0 | 68.3
1995 | 70.9 70.9 71.0 70.9 71.1 71.3 71.0 72.0 72.3 72.1 72.3 72.6 | 70.9 71.1 71.8 72.3 | 71.5
1996 | 72.2 73.3 73.2 73.8 74.3 74.9 74.8 75.3 75.8 75.7 76.4 76.9 | 72.9 74.3 75.3 76.3 | 74.7
| | |
1997 | 77.0 77.9 78.5 78.5 79.0 79.4 79.9 80.9 81.7 82.2 82.9 83.2 | 77.8 79.0 80.8 82.8 | 80.1
1998 | 83.6 83.7 83.8 84.1 84.7 84.2 83.9 85.7 85.4 86.1 86.0 86.2 | 83.7 84.3 85.0 86.1 | 84.8
1999 | 86.7 87.0 87.2 87.4 88.1 87.9 88.5 88.9 88.6 89.7 90.2 90.9 | 87.0 87.8 88.6 90.2 | 88.4
2000 | 91.0 91.3 91.7 92.2 92.4 92.4 92.2 92.0 92.5 92.1 92.1 91.7 | 91.3 92.3 92.2 92.0 | 92.0
2001 | 91.1 90.6 90.3 90.1 89.5 88.9 88.5 88.2 87.9 87.5 87.0 87.1 | 90.7 89.5 88.2 87.2 | 88.9
| | |
2002 | 87.6 87.6 88.2 88.6 89.1 89.9 89.6 89.7 89.8 89.5 89.9 89.5 | 87.8 89.2 89.7 89.6 | 89.1
2003 | 90.1 90.4 90.3 89.6 89.6 89.6 90.0 89.9 90.4 90.4 91.2 91.1 | 90.3 89.6 90.1 90.9 | 90.2
2004 | 91.3 91.8 91.3 91.7 92.4 91.5 92.2 92.4 92.3 93.2 93.4 94.1 | 91.5 91.9 92.3 93.6 | 92.3
2005 | 94.5 95.2 95.1 95.2 95.4 95.7 95.6 95.7 93.8 94.8 95.8 96.4 | 94.9 95.4 95.0 95.7 | 95.3
2006 | 96.4 96.5 96.7 97.1 97.0 97.4 97.7 97.9 97.8 97.8 97.6 98.7 | 96.5 97.2 97.8 98.0 | 97.4
| | |
2007 | 98.3 99.4 99.5 100.2 100.2 100.1 100.3 100.3 100.7 100.0 100.4 100.5 | 99.1 100.2 100.4 100.3 | 100.0
2008 | 100.1 99.9 99.6 98.8 98.3 98.0 98.0 96.8 93.0 93.9 92.9 91.0 | 99.9 98.4 95.9 92.6 | 96.7
2009 | 89.1 88.5 87.2 86.5 85.7 85.5 86.7 87.8 88.4 88.6 89.1 89.6 | 88.2 85.9 87.6 89.1 | 87.7
2010 | 90.5 90.5 90.8 91.4 92.6 | 90.6 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 are subject to further revision in the upcoming monthly releases.
<1> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
Table 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 | | |
2007 output) | | |
1980 | 61.3 61.4 61.5 61.7 61.8 61.9 62.1 62.2 62.3 62.5 62.6 62.8 | 61.4 61.8 62.2 62.6 | 62.0
1981 | 62.9 63.1 63.2 63.4 63.5 63.7 63.8 64.0 64.1 64.2 64.4 64.5 | 63.1 63.5 64.0 64.4 | 63.7
| | |
1982 | 64.7 64.8 65.0 65.1 65.2 65.3 65.4 65.5 65.6 65.7 65.7 65.8 | 64.8 65.2 65.5 65.7 | 65.3
1983 | 65.8 65.9 65.9 65.9 65.9 66.0 66.0 66.0 66.1 66.1 66.1 66.2 | 65.9 65.9 66.0 66.2 | 66.0
1984 | 66.3 66.4 66.5 66.6 66.7 66.8 66.9 67.1 67.2 67.4 67.6 67.7 | 66.4 66.7 67.1 67.6 | 66.9
1985 | 67.9 68.1 68.3 68.4 68.6 68.8 68.9 69.1 69.2 69.3 69.4 69.5 | 68.1 68.6 69.1 69.4 | 68.8
1986 | 69.6 69.7 69.8 69.8 69.9 69.9 70.0 70.1 70.1 70.2 70.3 70.4 | 69.7 69.9 70.1 70.3 | 70.0
| | |
1987 | 70.5 70.7 70.8 70.9 71.1 71.2 71.4 71.5 71.6 71.8 71.9 71.9 | 70.7 71.1 71.5 71.9 | 71.3
1988 | 72.0 72.1 72.1 72.1 72.2 72.2 72.2 72.3 72.3 72.4 72.4 72.5 | 72.1 72.2 72.3 72.4 | 72.2
1989 | 72.6 72.7 72.8 72.9 73.0 73.2 73.3 73.5 73.7 73.8 74.0 74.1 | 72.7 73.1 73.5 74.0 | 73.3
1990 | 74.3 74.5 74.6 74.8 74.9 75.1 75.2 75.4 75.5 75.6 75.8 75.9 | 74.5 74.9 75.4 75.8 | 75.1
1991 | 76.0 76.1 76.2 76.3 76.4 76.5 76.6 76.7 76.7 76.8 76.9 77.0 | 76.1 76.4 76.7 76.9 | 76.5
| | |
1992 | 77.1 77.3 77.4 77.5 77.7 77.9 78.0 78.2 78.4 78.6 78.7 78.9 | 77.3 77.7 78.2 78.7 | 78.0
1993 | 79.0 79.1 79.3 79.4 79.5 79.6 79.7 79.8 79.9 80.0 80.2 80.3 | 79.1 79.5 79.8 80.2 | 79.6
1994 | 80.5 80.6 80.8 81.0 81.3 81.5 81.7 82.0 82.3 82.5 82.8 83.1 | 80.6 81.3 82.0 82.8 | 81.7
1995 | 83.4 83.7 84.0 84.3 84.6 84.9 85.2 85.5 85.9 86.2 86.6 86.9 | 83.7 84.6 85.5 86.6 | 85.1
1996 | 87.3 87.7 88.1 88.5 88.9 89.3 89.7 90.1 90.5 91.0 91.4 91.8 | 87.7 88.9 90.1 91.4 | 89.5
| | |
1997 | 92.3 92.7 93.2 93.7 94.2 94.7 95.3 95.8 96.4 97.0 97.6 98.3 | 92.7 94.2 95.8 97.6 | 95.1
1998 | 98.9 99.6 100.2 100.9 101.5 102.1 102.7 103.3 103.8 104.3 104.8 105.3 | 99.6 101.5 103.3 104.8 | 102.3
1999 | 105.8 106.2 106.7 107.1 107.5 108.0 108.4 108.8 109.2 109.6 110.0 110.4 | 106.2 107.5 108.8 110.0 | 108.1
2000 | 110.8 111.2 111.6 112.0 112.4 112.7 113.1 113.5 113.8 114.2 114.5 114.9 | 111.2 112.4 113.5 114.5 | 112.9
2001 | 115.2 115.5 115.9 116.2 116.5 116.8 117.1 117.4 117.7 118.0 118.2 118.4 | 115.5 116.5 117.4 118.2 | 116.9
| | |
2002 | 118.7 118.8 119.0 119.1 119.3 119.3 119.4 119.4 119.4 119.4 119.4 119.3 | 118.8 119.2 119.4 119.4 | 119.2
2003 | 119.3 119.2 119.1 119.1 119.0 118.9 118.9 118.8 118.8 118.7 118.7 118.7 | 119.2 119.0 118.8 118.7 | 118.9
2004 | 118.6 118.6 118.6 118.5 118.5 118.5 118.4 118.4 118.4 118.4 118.4 118.4 | 118.6 118.5 118.4 118.4 | 118.5
2005 | 118.4 118.5 118.5 118.6 118.7 118.8 118.9 119.0 119.1 119.3 119.4 119.5 | 118.5 118.7 119.0 119.4 | 118.9
2006 | 119.7 119.8 120.0 120.1 120.3 120.5 120.7 120.9 121.1 121.3 121.5 121.8 | 119.8 120.3 120.9 121.5 | 120.6
| | |
2007 | 122.0 122.2 122.5 122.7 122.9 123.1 123.3 123.4 123.5 123.6 123.7 123.7 | 122.2 122.9 123.4 123.6 | 123.0
2008 | 123.7 123.8 123.8 123.9 123.9 124.0 124.1 124.2 124.3 124.5 124.7 124.8 | 123.8 123.9 124.2 124.7 | 124.1
2009 | 125.0 125.1 125.2 125.3 125.4 125.4 125.4 125.4 125.4 125.3 125.2 125.2 | 125.1 125.4 125.4 125.2 | 125.3
2010 | 125.1 125.0 125.0 124.9 124.8 | 125.0 |
| | |
Utilization | | |
(percent) | | |
1980 | 84.3 84.2 83.7 81.9 79.7 78.5 77.8 77.9 79.0 79.8 81.0 81.3 | 84.1 80.0 78.2 80.7 | 80.8
1981 | 80.6 80.0 80.3 79.8 80.1 80.3 80.6 80.4 79.7 79.0 77.9 76.9 | 80.3 80.0 80.2 77.9 | 79.6
| | |
1982 | 75.2 76.5 75.8 75.0 74.4 74.0 73.6 72.9 72.5 71.8 71.5 70.9 | 75.8 74.4 73.0 71.4 | 73.7
1983 | 72.2 71.7 72.3 73.2 73.7 74.0 75.2 76.0 77.1 77.7 77.8 78.2 | 72.1 73.6 76.1 77.9 | 74.9
1984 | 79.6 80.0 80.2 80.5 80.8 80.9 81.0 80.9 80.6 80.3 80.4 80.3 | 79.9 80.8 80.8 80.3 | 80.5
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 78.9 78.4 78.3 78.4 78.1 78.5 78.3 78.3 78.6 78.9 79.5 | 79.0 78.3 78.4 79.0 | 78.7
| | |
1987 | 79.0 79.9 79.9 80.2 80.6 80.8 81.2 81.6 81.7 82.8 83.1 83.4 | 79.6 80.6 81.5 83.1 | 81.2
1988 | 83.4 83.6 83.8 84.2 84.1 84.3 84.4 84.7 84.4 84.8 84.8 85.1 | 83.6 84.2 84.5 84.9 | 84.3
1989 | 85.2 84.7 84.8 84.7 84.0 83.8 82.9 83.5 83.1 82.8 82.9 83.2 | 84.9 84.2 83.1 83.0 | 83.8
1990 | 82.6 83.2 83.4 83.1 83.1 83.1 82.9 82.9 83.0 82.2 81.1 80.4 | 83.0 83.1 82.9 81.2 | 82.6
1991 | 79.9 79.3 78.7 78.8 79.5 80.2 80.1 80.1 80.7 80.4 80.3 79.9 | 79.3 79.5 80.3 80.2 | 79.8
| | |
1992 | 79.3 79.7 80.3 80.7 80.8 80.6 81.1 80.5 80.5 80.9 81.1 81.0 | 79.8 80.7 80.7 81.0 | 80.5
1993 | 81.2 81.4 81.2 81.4 81.0 81.1 81.2 81.1 81.4 81.9 82.1 82.3 | 81.3 81.1 81.2 82.1 | 81.4
1994 | 82.5 82.3 83.0 83.2 83.4 83.7 83.6 83.8 83.8 84.2 84.4 85.1 | 82.6 83.5 83.7 84.6 | 83.6
1995 | 85.0 84.7 84.6 84.2 84.0 84.0 83.3 84.2 84.2 83.6 83.5 83.5 | 84.8 84.1 83.9 83.5 | 84.1
1996 | 82.6 83.6 83.1 83.4 83.5 83.9 83.4 83.6 83.7 83.3 83.6 83.7 | 83.1 83.6 83.6 83.5 | 83.4
| | |
1997 | 83.4 84.0 84.2 83.8 83.9 83.8 83.8 84.5 84.7 84.7 85.0 84.7 | 83.9 83.9 84.3 84.8 | 84.2
1998 | 84.5 84.1 83.6 83.4 83.4 82.5 81.7 83.0 82.3 82.5 82.0 81.9 | 84.1 83.1 82.3 82.1 | 82.9
1999 | 81.9 81.9 81.8 81.6 81.9 81.4 81.6 81.7 81.1 81.9 82.0 82.3 | 81.9 81.6 81.5 82.0 | 81.8
2000 | 82.1 82.1 82.1 82.4 82.2 82.0 81.5 81.1 81.2 80.7 80.4 79.9 | 82.1 82.2 81.3 80.3 | 81.5
2001 | 79.1 78.4 77.9 77.5 76.8 76.1 75.6 75.1 74.7 74.2 73.6 73.5 | 78.5 76.8 75.1 73.8 | 76.0
| | |
2002 | 73.8 73.7 74.1 74.4 74.7 75.3 75.0 75.1 75.2 75.0 75.3 75.0 | 73.9 74.8 75.1 75.1 | 74.7
2003 | 75.6 75.9 75.8 75.2 75.3 75.4 75.7 75.7 76.1 76.2 76.8 76.8 | 75.7 75.3 75.8 76.6 | 75.9
2004 | 77.0 77.4 77.0 77.4 78.0 77.3 77.8 78.0 78.0 78.7 78.9 79.4 | 77.1 77.6 78.0 79.0 | 77.9
2005 | 79.8 80.3 80.2 80.2 80.4 80.5 80.4 80.4 78.7 79.5 80.3 80.6 | 80.1 80.4 79.8 80.1 | 80.1
2006 | 80.6 80.5 80.6 80.8 80.6 80.9 81.0 81.0 80.8 80.6 80.3 81.0 | 80.6 80.8 80.9 80.7 | 80.7
| | |
2007 | 80.6 81.3 81.3 81.7 81.6 81.3 81.4 81.3 81.5 80.9 81.2 81.2 | 81.1 81.5 81.4 81.1 | 81.3
2008 | 80.9 80.7 80.5 79.8 79.4 79.0 79.0 77.9 74.8 75.4 74.5 72.9 | 80.7 79.4 77.2 74.3 | 77.9
2009 | 71.3 70.7 69.6 69.0 68.3 68.2 69.1 70.0 70.5 70.7 71.1 71.6 | 70.5 68.5 69.9 71.1 | 70.0
2010 | 72.3 72.4 72.7 73.1 74.1 | 72.5 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 are subject to further revision in the upcoming monthly releases.
Table 2
RATES OF CHANGE IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY: 2005-2009 <1>
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised change | revised and earlier changes
| | (percent) | (percentage points)
Item | NAICS | 2005 2006 2007 2008 2009 | 2005 2006 2007 2008 2009
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total IP | | 2.3 2.5 2.3 -7.6 -3.8 | -.4 .7 .5 -.9 .9
| | |
MARKET GROUP | | |
Final products and nonindustrial supplies | | 4.2 1.6 .9 -7.2 -4.2 | -.1 .5 .2 -1.4 .4
Consumer goods | | 2.6 .1 -.3 -6.1 -.9 | .2 .0 -.4 -1.9 .4
Durable | | 2.1 -2.1 2.5 -18.3 -2.1 | .9 1.1 1.4 -1.1 1.7
Automotive products | | -.2 -2.0 7.2 -24.1 6.0 | 1.2 3.1 4.0 -1.7 2.6
Home electronics | | 10.6 6.3 18.8 -3.4 2.4 | 2.8 -2.5 3.4 -5.0 12.9
Appliances, furniture, carpeting | | 1.3 -5.4 -4.4 -18.8 -10.5 | -.2 .2 .7 1.6 -.6
Miscellaneous goods | | 4.9 -1.8 -3.8 -11.1 -9.9 | .5 -1.1 -2.8 -.2 -.8
Nondurable | | 2.8 .9 -1.2 -2.0 -.5 | -.1 -.3 -1.1 -1.6 .3
Non-energy | | 3.3 .6 -2.4 -3.0 -.4 | -.1 -1.0 -1.6 -1.2 .3
Foods and tobacco | | 4.2 -1.0 -2.3 -3.6 .5 | .2 -.9 -3.4 -2.4 .3
Clothing | | -2.8 -13.8 -24.3 -6.1 -13.6 | 3.0 -9.0 -23.8 .6 -4.4
Chemical products | | 3.3 5.1 -1.1 -1.7 .1 | -1.0 -.7 3.1 .4 .5
Paper products | | -.6 .8 -2.1 -5.2 -5.2 | -.2 .7 -.3 -1.1 .3
Energy | | 1.6 1.5 2.6 1.6 -.9 | -.2 1.6 .7 -2.0 .4
| | |
Business equipment | | 8.6 8.8 2.8 -8.3 -6.4 | -.5 1.4 .6 .1 .3
Transit | | 14.3 10.7 1.4 -27.1 11.1 | -.7 1.5 2.8 1.9 -.4
Information processing | | 11.4 15.3 4.6 .7 -.9 | -.7 4.4 -2.0 -1.3 1.9
Industrial and other | | 5.2 4.6 2.5 -6.4 -14.3 | -.4 -.2 1.3 1.0 -.7
Defense and space equipment | | 6.6 4.0 17.8 -1.9 1.8 | -1.4 5.9 12.1 -1.4 -.2
| | |
Construction supplies | | 7.1 -2.5 -1.7 -14.2 -11.8 | -.2 .8 -.7 -2.6 2.2
Business supplies | | 2.6 .6 1.3 -7.6 -6.0 | -.3 .3 .0 -.7 .2
| | |
Materials | | -.3 3.7 4.0 -8.2 -3.2 | -.7 .9 .8 -.3 1.3
Non-energy | | 1.9 2.5 5.0 -12.6 -4.8 | -.6 1.0 1.5 -.7 1.6
Durable | | 5.6 1.2 6.2 -12.1 -9.1 | -.4 .8 1.5 -.2 3.4
Consumer parts | | -.1 -4.6 -2.9 -23.6 -7.7 | -.7 1.1 -.6 -3.2 9.4
Equipment parts | | 12.4 9.1 15.9 -5.7 -8.1 | -.3 2.2 5.5 .8 2.8
Other | | 2.7 -2.1 2.5 -13.1 -10.4 | -.3 -.3 -.6 -.2 2.0
Nondurable | | -3.6 4.5 3.2 -13.5 2.1 | -1.0 1.5 1.3 -1.5 .1
Textile | | -.1 -11.9 -9.2 -16.4 -2.2 | -.6 -.3 -2.2 -2.7 1.2
Paper | | -2.3 1.2 -.7 -11.3 -5.6 | -1.4 -.7 .7 -.5 -.9
Chemical | | -8.3 10.5 6.7 -18.0 9.5 | -1.0 3.6 2.4 -2.3 1.5
Energy | | -4.4 6.0 2.1 -.6 -.9 | -.3 .4 -.4 -.9 .8
| | |
| | |
INDUSTRY GROUP | | |
Manufacturing | | 3.5 2.0 2.6 -10.0 -4.1 | -.3 .8 .7 -1.2 1.0
Manufacturing (NAICS) | 31-33 | 3.7 2.1 2.8 -10.0 -3.7 | -.3 .8 .8 -1.3 1.0
| | |
Durable manufacturing | | 6.8 2.6 5.2 -11.3 -6.3 | -.2 1.4 2.0 -.2 2.3
Wood products | 321 | 12.9 -10.8 -4.5 -20.9 -10.7 | 1.1 2.2 3.0 -.2 1.2
Nonmetallic mineral products | 327 | 5.1 -2.2 -2.4 -15.9 -11.8 | -.4 1.4 -1.2 -5.6 2.7
Primary metal | 331 | -1.9 -4.6 10.9 -23.2 -3.1 | -1.3 -.4 6.6 3.6 2.0
Fabricated metal products | 332 | 5.5 4.6 3.3 -7.1 -11.7 | -.6 1.2 .0 -.1 3.7
Machinery | 333 | 7.9 3.4 3.0 -8.2 -19.1 | -.4 .6 4.0 2.4 -1.7
Computer and electronic products | 334 | 15.3 12.7 15.4 -2.6 1.7 | .0 3.4 4.4 .1 4.0
Electrical equip., appliances, | | |
and components | 335 | 1.5 .2 3.2 -5.6 -10.4 | -.3 .6 -.1 -2.7 .1
Motor vehicles and parts | 3361-3 | .9 -3.9 -2.7 -27.5 1.4 | .8 2.3 -.8 -4.2 8.6
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | 9.4 9.4 17.5 -13.2 2.6 | -1.5 3.8 6.5 -.6 .1
Furniture and related products | 337 | 1.0 -2.7 -1.4 -16.3 -15.2 | -.6 -1.0 1.2 1.5 1.2
Miscellaneous | 339 | 7.3 .7 -1.6 -.2 -2.9 | .9 -2.8 -4.5 2.0 -2.7
| | |
Nondurable manufacturing | | .3 1.6 .0 -8.5 -.6 | -.4 .2 -.7 -2.2 .2
Food, beverage, and tobacco products | 311,2 | 4.4 -.9 -1.2 -3.3 .0 | .2 -1.0 -3.1 -1.7 -.6
Textile and product mills | 313,4 | -.8 -12.6 -11.3 -15.1 -5.5 | -.5 -1.3 -4.0 -1.3 1.5
Apparel and leather | 315,6 | .0 -7.1 -23.1 -14.9 -13.9 | 1.4 -6.7 -22.3 -6.7 -3.3
Paper | 322 | -1.6 .4 -.3 -13.2 -.3 | -1.1 -.1 1.9 -2.3 1.9
Printing and support | 323 | -1.8 1.8 .4 -9.2 -14.0 | -2.3 -.6 1.9 .3 -1.7
Petroleum and coal products | 324 | -3.8 6.2 .7 -4.4 -1.5 | -.1 3.9 .4 -4.9 2.1
Chemical | 325 | -1.9 6.5 3.2 -10.4 3.9 | -.8 1.3 2.5 -.6 .8
Plastics and rubber products | 326 | 3.0 -4.4 -.6 -15.0 -8.8 | .5 -1.4 -5.1 -3.2 -1.5
| | |
Other manufacturing (non-NAICS) | 1133,5111 | -.5 -1.2 -2.4 -9.1 -11.3 | -.2 .0 -.6 -.3 1.5
| | |
Mining | 21 | -5.4 8.7 .1 -.3 -4.5 | -.5 -.1 -.3 -1.2 1.9
Utilities | 2211,2 | 1.9 -.7 3.1 -.3 -1.4 | -.1 -.1 .0 -.6 .0
Electric | 2211 | 3.4 -1.1 3.4 -1.4 -1.7 | -.1 -.1 .0 -.6 .0
Natural gas | 2212 | -4.9 1.2 1.6 4.9 .6 | -.2 -.2 .0 -1.0 .1
----------------------------------------------------------------------------------------------------------------------------------------------------------------------
<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.
Table 3
RATES OF CHANGE IN INDUSTRIAL PRODUCTION, SPECIAL AGGREGATES AND SELECTED DETAIL: 2005-2009 <1>
----------------------------------------------------------------------------------------------------------------------------------------------------
| | | Difference between
| | Revised change | revised and earlier changes
| | (percent) | (percentage points)
Item | NAICS | 2005 2006 2007 2008 2009 | 2005 2006 2007 2008 2009
----------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | | 2.3 2.5 2.3 -7.6 -3.8 | -.4 .7 .5 -.9 .9
| | |
Energy | | -2.2 4.7 2.2 .0 -2.0 | -.4 .8 .0 -1.3 1.0
Consumer products | | 1.6 1.5 2.6 1.6 -.9 | -.2 1.6 .7 -2.0 .4
Commercial products | | .4 2.1 2.3 -.5 -.1 | -.1 .9 .5 -1.0 1.4
Oil and gas well drilling | 213111 | 11.6 14.6 -1.0 6.9 -42.3 | -.3 -.3 -.3 -.1 -.1
Converted fuel | | -1.8 2.5 5.9 -5.1 -.5 | .8 .0 .2 -.8 -.2
Primary energy | | -5.3 7.2 .9 .8 -1.1 | -.6 .4 -.4 -1.2 1.7
| | |
Non-energy | | 3.7 1.8 2.3 -10.2 -4.4 | -.3 .6 .6 -.8 1.0
Selected high-technology industries | | 23.3 16.5 21.4 -5.2 4.0 | .7 3.4 3.2 1.7 6.1
Computers and peripheral equipment | 3341 | 27.8 16.3 27.5 -4.9 -2.0 | 2.6 -5.9 3.3 7.0 2.4
Communications equipment | 3342 | 7.0 23.7 -11.5 2.2 5.1 | -1.9 11.3 -18.2 -8.2 9.1
Semiconductors and related | | |
electronic components | 334412-9 | 28.8 12.9 37.7 -8.2 6.5 | .4 3.1 15.5 6.8 5.5
| | |
Excluding selected high-technology | | |
industries | | 2.4 .9 1.2 -10.5 -4.9 | -.3 .5 .5 -1.0 .7
| | |
Motor vehicles and parts | 3361-3 | .9 -3.9 -2.7 -27.5 1.4 | .8 2.3 -.8 -4.2 8.6
Motor vehicles | 3361 | 1.0 -3.9 -1.6 -31.5 5.2 | 2.4 3.6 .2 -1.1 6.4
Motor vehicle parts | 3363 | -1.2 -3.4 -3.6 -20.7 -2.9 | -.6 .9 -3.9 -5.9 9.4
| | |
Excluding motor vehicles and parts | | 2.5 1.3 1.5 -9.3 -5.3 | -.4 .3 .6 -.8 .2
Consumer goods | | 3.2 .0 -2.1 -5.3 -2.3 | -.1 -.8 -1.0 -1.2 -.1
Business equipment | | 5.9 7.0 5.3 -8.3 -6.1 | -.7 .8 3.0 .5 -.1
Construction supplies | | 7.2 -2.6 -1.8 -14.3 -12.0 | -.1 .7 -.8 -2.5 2.1
Business supplies | | 2.2 -.7 .4 -10.2 -8.8 | -.5 -.1 .0 -.4 -.3
Materials | | -.2 2.2 3.2 -11.9 -5.7 | -.7 .8 .8 -.7 .3
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 1.2 1.8 1.4 -7.8 -4.1 | -.4 .6 .4 -1.0 .6
Manufacturing | | 2.2 1.1 1.5 -10.3 -4.5 | -.3 .7 .6 -1.4 .6
Durable | | 4.5 .8 3.3 -12.1 -7.5 | -.2 1.2 1.9 -.4 1.8
| | |
Measures excluding motor vehicles and parts | | |
Total industry | | 2.3 2.9 2.6 -6.6 -4.0 | -.5 .6 .6 -.8 .6
Manufacturing | | 3.7 2.4 2.9 -8.8 -4.4 | -.4 .7 .8 -1.0 .6
Durable | | 7.8 3.7 6.4 -9.0 -7.1 | -.4 1.2 2.4 .3 1.6
| | |
Measures excluding selected high-technology | | |
industries and motor vehicles and parts | | |
Total industry | | 1.2 2.2 1.7 -6.7 -4.4 | -.5 .5 .5 -.9 .3
Manufacturing | | 2.3 1.5 1.8 -9.0 -4.9 | -.4 .5 .7 -1.2 .2
| | |
Measures of non-energy materials | | |
inputs to | | |
Finished processors | | 5.6 2.9 6.8 -11.4 -7.3 | -.6 1.2 2.8 -.3 3.3
Primary and semifinished processors | | -.8 2.2 3.8 -13.5 -3.0 | -.6 .9 .6 -1.0 .6
| | |
Stage-of-process groups | | |
Crude | | -7.1 8.4 1.7 -4.7 .6 | -.5 .9 .5 -.2 -.3
Primary and semifinished | | 3.2 -.2 3.1 -9.3 -6.6 | -.3 .7 .7 -1.3 1.0
Finished | | 5.1 3.7 1.3 -6.9 -2.3 | -.1 .4 .2 -1.0 .5
----------------------------------------------------------------------------------------------------------------------------------------------------
<1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
previous year to the fourth quarter of the year specified in the column heading.
<2> 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.
Table 4
Annual Rates of Change for Industrial Production <1>
--------------------------------------------------------------------------------------------------------------------------------------------
| | Difference between
| Revised Growth Rates | revised and earlier rates
| | (percentage points)
Item | 2005 2006 2007 2008 2009 | 2005 2006 2007 2008 2009
--------------------------------------------------------------------------------------------------------------------------------------------
| |
Total IP | 3.2 2.2 2.7 -3.3 -9.3 | -.1 .0 1.2 -1.1 .5
| |
MARKET GROUP | |
Consumer goods | 2.7 .6 .8 -4.2 -5.8 | .0 .2 -.2 -1.5 -.8
Durable | .7 .4 1.8 -10.3 -17.0 | .2 1.4 1.4 -.4 .1
Nondurable | 3.4 .6 .4 -2.1 -2.4 | -.1 -.2 -.7 -1.6 -.5
| |
Business equipment | 7.2 9.2 4.5 -1.5 -12.2 | .2 -.1 1.9 -.3 .4
Defense and space equipment | 10.4 -1.5 18.3 2.5 1.1 | -.2 .6 14.6 .0 .9
| |
Construction supplies | 4.7 2.4 -1.2 -9.5 -16.7 | .2 .1 .7 -3.2 1.3
Business supplies | 3.1 1.1 1.7 -3.8 -10.1 | -.2 -.1 .4 -.9 .1
| |
Materials | 2.3 2.2 3.7 -2.7 -9.7 | -.1 -.2 1.7 -.8 1.4
Non-energy | 4.0 2.4 4.6 -4.7 -14.3 | -.1 -.3 2.5 -1.0 1.2
Energy | -1.3 1.7 1.9 .7 -2.1 | .0 .0 .2 -1.1 .5
| |
| |
INDUSTRY GROUP | |
Manufacturing | 4.0 2.5 2.9 -4.5 -11.1 | .0 .0 1.5 -1.3 .4
Manufacturing (NAICS) | 4.2 2.7 3.2 -4.4 -10.9 | .0 .0 1.6 -1.3 .3
Durable manufacturing | 5.7 4.6 5.0 -3.6 -14.9 | .3 .2 2.9 -.3 1.8
Nondurable manufacturing | 2.5 .6 1.1 -5.3 -6.0 | -.3 -.3 .2 -2.4 -.4
Other manufacturing (non-NAICS) | -.4 -1.2 -1.3 -6.5 -14.5 | .0 -.2 .0 -.9 1.3
| |
Mining | -1.5 3.0 .5 .8 -5.0 | -.3 -.3 .0 -1.3 1.3
Utilities | 2.1 -.6 3.4 -.1 -2.6 | .0 .0 .0 -.4 -.6
--------------------------------------------------------------------------------------------------------------------------------------------
<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 of table 3.
Table 5
RATES OF CHANGE IN CAPACITY, BY INDUSTRY GROUPS: 2006-2010 <1>
---------------------------------------------------------------------------------------------------------------------------------------------------------
| | Difference between
| Revised change | revised and earlier changes
| (percent) | (percentage points)
Item | 2006 2007 2008 2009 2010 | 2006 2007 2008 2009 2010
---------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | 1.8 1.7 .8 .5 -.3 | .3 -.2 -.3 1.4 .5
| |
Manufacturing | 1.7 2.4 .5 -1.2 -.2 | .3 .2 -.8 .0 .8
Manufacturing (NAICS) | 1.8 2.6 .8 -1.0 -.2 | .3 .3 -.5 .1 .8
Durable manufacturing | 2.5 3.9 .6 -1.3 .5 | .5 .2 -1.3 -.7 1.6
Nondurable manufacturing | .9 1.1 .9 -.8 -1.0 | .1 .1 .1 1.0 -.1
Other manufacturing (non-NAICS) | .9 -1.3 -4.6 -3.6 .0 | -.2 -1.8 -5.6 -2.7 .1
| |
Mining | 2.3 .9 1.5 3.0 .0 | .0 -.5 .4 3.8 -.3
Utilities | 1.2 .6 2.2 3.1 1.5 | -.1 -.7 -.1 1.3 -.6
| |
| |
Selected high-technology industries | 6.6 27.2 .3 7.7 11.4 | .9 4.2 -6.0 -.7 10.2
Manufacturing ex. selected | |
high-technology industries | 1.4 1.0 .5 -1.7 -.8 | .3 .0 -.5 .0 .3
| |
Stage-of-process groups | |
Crude | 1.8 .6 1.5 2.6 -.8 | .3 -.8 .2 3.8 -.1
Primary and semifinished | 1.9 3.0 .6 -.7 -.6 | .6 .9 -.2 .3 .5
Finished | 1.5 1.3 .8 -.7 .9 | -.3 -1.0 -1.4 -.2 .8
---------------------------------------------------------------------------------------------------------------------------------------------------------
<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.
Table 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 | 2009 2006 2007 2008 2009 | 2006 2007 2008 2009
| | Ave. Q4 Q4 Q4 Q4 | Q4 Q4 Q4 Q4
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total industry | | 80.6 80.7 81.1 74.3 71.1 | .1 .7 .1 -.2
| | |
Manufacturing<1> | | 79.2 79.0 79.1 70.9 68.8 | .0 .4 -.1 .6
Manufacturing (NAICS) | 31-33 | 79.0 78.9 79.1 70.6 68.7 | .1 .4 -.3 .3
| | |
Durable manufacturing | | 77.5 77.3 78.3 69.0 65.6 | .0 1.3 1.9 3.8
Wood products | 321 | 78.5 75.3 71.7 59.0 57.3 | .1 3.1 4.2 7.3
Nonmetallic mineral products | 327 | 77.0 74.7 70.9 59.1 53.5 | 2.1 .3 -3.9 -1.2
Primary metal | 331 | 79.7 76.5 83.9 63.5 62.6 | -3.9 -.2 2.1 3.8
Fabricated metal products | 332 | 77.4 81.9 82.0 74.9 67.7 | 2.4 1.5 .9 3.6
Machinery | 333 | 78.3 82.0 83.6 76.9 63.4 | .2 3.9 6.6 4.6
Computer and electronic products | 334 | 78.2 77.9 76.2 73.1 70.8 | -.5 .8 3.7 6.7
Electrical equip., appliances, | | |
and components | 335 | 83.0 83.9 86.1 79.5 72.1 | 1.6 3.3 1.1 1.5
Motor vehicles and parts | 3361-3 | 75.8 69.8 69.0 49.5 54.9 | -.5 -1.2 -4.0 3.1
Aerospace and miscellaneous | | |
transportation equipment | 3364-9 | 72.9 75.7 87.7 73.8 72.9 | -1.6 3.4 1.8 -.8
Furniture and related products | 337 | 78.0 80.8 80.5 71.9 65.6 | 1.7 2.9 6.8 8.1
Miscellaneous | 339 | 76.1 76.1 73.2 72.7 70.2 | -.2 -1.2 3.3 1.2
| | |
Nondurable manufacturing | | 81.3 80.8 80.0 72.5 72.6 | .2 -.5 -2.3 -2.9
Food, beverage, and tobacco products | 311,2 | 81.4 80.6 80.0 76.3 75.9 | 1.2 .2 -.8 -2.0
Textile and product mills | 313,4 | 81.0 74.4 72.7 63.3 63.3 | 1.3 1.4 -1.4 -1.1
Apparel and leather | 315,6 | 78.6 75.4 71.2 74.2 69.4 | -1.4 -6.5 2.0 1.9
Paper | 322 | 87.2 84.4 84.5 74.1 75.2 | .3 1.9 -.2 1.1
Printing and support | 323 | 82.8 79.8 77.4 70.9 64.0 | .2 -1.0 -1.8 -4.2
Petroleum and coal products | 324 | 86.1 89.8 87.5 83.4 80.7 | 1.0 .4 -2.3 -2.1
Chemical | 325 | 78.1 78.9 78.8 69.8 73.2 | .0 .2 -.3 -.2
Plastics and rubber products | 326 | 82.6 79.1 77.8 64.9 61.1 | -2.8 -6.2 -7.8 -8.3
| | |
Other manufacturing (non-NAICS) | 1133,5111 | 83.8 80.9 79.9 76.2 70.1 | -1.3 -.3 3.7 6.3
| | |
Mining | 21 | 87.4 90.5 89.7 88.1 81.7 | -.3 -.1 -1.5 -2.9
Utilities | 2211,2 | 86.7 83.5 85.6 83.4 79.8 | -.2 .3 -.1 -1.2
| | |
Selected high-technology industries | | 78.3 83.2 79.4 75.1 72.5 | .4 -.2 5.3 9.6
Computers and peripheral equipment | 3341 | 78.0 78.2 80.0 77.1 80.1 | -1.3 -1.5 3.0 12.3
Communications equipment | 3342 | 76.4 81.1 75.4 84.7 80.2 | -1.1 -1.8 10.4 14.0
Semiconductors and related | | |
electronic components | 334412-9 | 80.5 86.5 80.4 70.3 66.5 | 1.7 .4 5.8 7.3
| | |
Measures excluding selected high-technology | | |
industries | | |
Total industry | | 80.8 80.5 81.2 74.3 71.1 | .1 .7 -.1 -.7
Manufacturing<1> | | 79.3 78.7 79.1 70.6 68.6 | .0 .4 -.4 .1
| | |
Stage-of-process groups | | |
Crude | | 86.5 88.6 89.3 84.4 81.4 | -.2 .9 .5 -2.4
Primary and semifinished | | 81.6 80.8 80.9 72.6 68.4 | .1 .2 -.8 -.1
Finished | | 77.5 77.5 77.8 71.8 71.0 | -.1 .6 .8 1.1
--------------------------------------------------------------------------------------------------------------------------------------------------------
1. See footnote 2 to table 3.
Table 7A
INDUSTRIAL PRODUCTION: Manufacturing <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <2>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1980 | .4 .0 -.8 -2.1 -3.0 -1.5 -1.0 .7 1.6 1.8 1.9 .3 | 1.0 -18.5 -7.7 19.4 | -3.5
1981 | -.4 -.6 .4 .5 .5 -.5 .2 .1 -.5 -.9 -1.2 -1.7 | .6 3.1 -.3 -9.8 | 1.1
| | |
1982 | -2.4 2.7 -.8 -.7 -.2 -.2 -.1 -.8 -.3 -1.1 -.6 -.4 | -9.2 -2.1 -3.7 -8.1 | -5.4
1983 | 2.4 -.1 1.0 1.1 1.3 .8 1.5 .8 1.9 1.1 .4 .3 | 9.2 12.1 15.1 12.5 | 4.8
1984 | 1.8 1.1 .4 .5 .3 .5 .5 .2 -.2 .4 .3 .4 | 12.8 6.1 3.6 2.5 | 9.8
1985 | -.4 -.3 .8 -.3 .1 .2 -.6 .6 .1 -.3 .6 .4 | .2 .9 .0 2.3 | 1.6
1986 | 1.1 -.6 -.2 .4 .2 -.4 .6 .2 .2 .4 .5 .9 | 4.4 .0 2.5 5.1 | 2.2
| | |
1987 | -.3 1.4 .1 .6 .7 .4 .7 .5 .6 1.6 .6 .6 | 5.9 7.2 7.1 11.6 | 5.7
1988 | -.2 .2 .3 .8 -.1 .1 .1 .1 .3 .6 .3 .4 | 2.6 4.5 1.2 4.5 | 5.3
1989 | .8 -.9 -.1 .1 -.9 .1 -1.1 .9 -.2 -.2 .2 .1 | 1.9 -3.0 -3.0 .6 | .8
1990 | -.1 1.4 .4 -.3 .1 .3 -.2 .3 .0 -.8 -1.2 -.8 | 4.5 2.6 .9 -6.8 | .8
1991 | -.8 -.6 -.7 .3 .7 1.1 .2 .2 1.1 -.2 -.2 -.1 | -8.8 2.0 7.3 1.7 | -2.0
| | |
1992 | -.6 .9 1.0 .5 .6 .3 .9 -.4 .0 .6 .4 -.2 | .6 8.1 3.9 2.8 | 3.6
1993 | 1.0 .2 -.2 .6 -.1 -.1 .3 -.1 .6 .9 .4 .5 | 4.4 1.6 1.2 7.0 | 3.5
1994 | .2 .1 1.3 .8 .7 .3 .4 .8 .3 1.0 .8 1.2 | 4.8 9.5 6.0 9.9 | 5.9
1995 | .3 -.1 .2 -.2 .0 .4 -.6 1.2 .9 -.1 .0 .4 | 5.6 .4 3.0 4.1 | 5.2
1996 | -.7 1.6 -.3 1.0 .7 1.1 .3 .6 .7 -.1 .8 .9 | 2.4 9.1 7.9 5.8 | 4.8
| | |
1997 | .0 1.4 1.2 -.2 .9 .7 .4 1.6 .9 .6 1.1 .4 | 9.3 7.7 10.7 10.9 | 8.4
1998 | .8 .1 -.1 .5 .6 -.7 -.5 2.6 -.3 1.0 .2 .5 | 6.1 2.5 3.3 7.6 | 6.7
1999 | .3 .7 .0 .4 .9 -.4 .5 .7 -.3 1.5 .6 .7 | 4.6 4.4 3.6 9.0 | 5.0
2000 | .2 .3 .7 .6 -.2 .2 .0 -.6 .5 -.4 -.3 -.7 | 5.2 4.4 -.7 -2.7 | 4.2
2001 | -.6 -.6 -.3 -.2 -.8 -.7 -.3 -.7 -.2 -.7 -.3 .3 | -6.5 -5.2 -6.1 -4.3 | -4.0
| | |
2002 | .5 .0 .7 .1 .7 1.1 -.5 .4 .1 -.5 .5 -.5 | 3.4 5.9 3.1 -.8 | .3
2003 | .6 .2 .3 -.9 .1 .4 .1 -.3 .8 .0 1.0 -.2 | 2.4 -2.0 1.9 4.1 | 1.3
2004 | .0 .7 -.2 .5 .7 -.9 .8 .7 -.2 1.0 -.1 .7 | 2.3 3.0 3.5 5.3 | 2.8
2005 | .7 .8 -.3 .2 .4 .1 -.1 .3 -1.0 1.5 .8 .0 | 6.6 2.2 -.3 5.6 | 4.0
2006 | .7 -.2 -.1 .6 -.3 .3 .1 .4 .1 -.3 .0 1.5 | 3.1 1.3 1.9 1.6 | 2.5
| | |
2007 | -.4 .6 .8 .7 -.1 .1 .4 -.5 .5 -.7 .3 .2 | 5.2 5.4 .7 -1.0 | 2.9
2008 | -.5 -.5 -.2 -1.2 -.5 -.6 -.5 -.9 -3.2 -.4 -1.9 -2.6 | -2.7 -8.1 -10.4 -18.0 | -4.5
2009 | -2.7 -.2 -1.7 -.6 -.8 -.1 1.7 1.3 .7 .1 1.0 .1 | -21.0 -9.3 10.4 7.1 | -11.1
2010 | .9 -.2 1.1 .8 1.1 | 6.4 |
| | |
IP (2007=100) | | |
1980 | 47.1 47.1 46.8 45.8 44.4 43.8 43.3 43.6 44.3 45.1 46.0 46.1 | 47.0 44.7 43.8 45.8 | 45.3
1981 | 45.9 45.7 45.8 46.1 46.3 46.1 46.2 46.2 46.0 45.6 45.0 44.3 | 45.8 46.2 46.1 45.0 | 45.8
| | |
1982 | 43.2 44.4 44.0 43.7 43.7 43.6 43.5 43.2 43.0 42.6 42.3 42.1 | 43.9 43.7 43.2 42.3 | 43.3
1983 | 43.2 43.1 43.5 44.0 44.6 44.9 45.6 46.0 46.8 47.4 47.5 47.6 | 43.3 44.5 46.1 47.5 | 45.4
1984 | 48.5 49.1 49.3 49.5 49.7 49.9 50.1 50.2 50.1 50.3 50.4 50.6 | 49.0 49.7 50.1 50.4 | 49.8
1985 | 50.4 50.3 50.7 50.5 50.6 50.6 50.3 50.6 50.7 50.6 50.9 51.1 | 50.5 50.6 50.6 50.9 | 50.6
1986 | 51.7 51.3 51.2 51.4 51.5 51.3 51.6 51.7 51.8 52.0 52.3 52.8 | 51.4 51.4 51.7 52.4 | 51.7
| | |
1987 | 52.6 53.3 53.4 53.7 54.1 54.3 54.7 55.0 55.3 56.2 56.5 56.8 | 53.1 54.0 55.0 56.5 | 54.7
1988 | 56.7 56.8 57.0 57.5 57.5 57.5 57.6 57.6 57.8 58.1 58.3 58.5 | 56.9 57.5 57.7 58.3 | 57.6
1989 | 59.0 58.4 58.3 58.4 57.9 58.0 57.4 57.9 57.8 57.7 57.8 57.9 | 58.6 58.1 57.7 57.8 | 58.0
1990 | 57.8 58.6 58.9 58.7 58.8 58.9 58.8 59.0 59.0 58.5 57.8 57.4 | 58.4 58.8 58.9 57.9 | 58.5
1991 | 56.9 56.6 56.2 56.4 56.8 57.4 57.6 57.7 58.3 58.2 58.1 58.0 | 56.6 56.9 57.9 58.1 | 57.4
| | |
1992 | 57.7 58.2 58.8 59.1 59.4 59.6 60.1 59.8 59.8 60.2 60.5 60.3 | 58.2 59.3 59.9 60.3 | 59.5
1993 | 61.0 61.1 61.0 61.3 61.2 61.2 61.3 61.3 61.6 62.2 62.4 62.8 | 61.0 61.2 61.4 62.5 | 61.5
1994 | 62.9 62.9 63.8 64.3 64.7 64.9 65.2 65.7 65.9 66.6 67.1 67.9 | 63.2 64.6 65.6 67.2 | 65.2
1995 | 68.1 68.0 68.2 68.1 68.1 68.3 67.9 68.7 69.3 69.2 69.3 69.6 | 68.1 68.2 68.7 69.4 | 68.6
1996 | 69.1 70.2 70.0 70.7 71.2 72.0 72.2 72.7 73.2 73.1 73.7 74.3 | 69.8 71.3 72.7 73.7 | 71.9
| | |
1997 | 74.4 75.4 76.3 76.2 76.8 77.3 77.7 78.9 79.6 80.1 81.0 81.3 | 75.4 76.8 78.7 80.8 | 77.9
1998 | 82.0 82.1 82.0 82.4 82.9 82.3 81.9 84.0 83.7 84.5 84.6 85.1 | 82.0 82.5 83.2 84.7 | 83.1
1999 | 85.3 85.9 85.9 86.2 87.0 86.7 87.1 87.7 87.4 88.7 89.3 89.9 | 85.7 86.6 87.4 89.3 | 87.3
2000 | 90.1 90.3 90.9 91.5 91.3 91.5 91.4 90.9 91.4 91.0 90.7 90.1 | 90.4 91.4 91.3 90.6 | 90.9
2001 | 89.6 89.1 88.8 88.6 87.9 87.3 87.0 86.4 86.2 85.7 85.5 85.7 | 89.1 87.9 86.6 85.6 | 87.3
| | |
2002 | 86.1 86.1 86.8 86.9 87.5 88.4 88.0 88.4 88.4 88.0 88.4 87.9 | 86.3 87.6 88.3 88.1 | 87.6
2003 | 88.4 88.6 88.8 88.0 88.1 88.4 88.5 88.3 88.9 88.9 89.8 89.6 | 88.6 88.2 88.6 89.5 | 88.7
2004 | 89.6 90.2 90.1 90.5 91.1 90.3 91.1 91.7 91.5 92.5 92.4 93.0 | 90.0 90.6 91.4 92.6 | 91.2
2005 | 93.7 94.5 94.2 94.4 94.7 94.8 94.7 95.0 94.0 95.4 96.1 96.1 | 94.1 94.6 94.6 95.8 | 94.8
2006 | 96.8 96.5 96.5 97.0 96.7 97.0 97.1 97.5 97.5 97.2 97.3 98.7 | 96.6 96.9 97.4 97.7 | 97.1
| | |
2007 | 98.3 98.9 99.7 100.4 100.2 100.3 100.7 100.2 100.6 100.0 100.3 100.4 | 99.0 100.3 100.5 100.2 | 100.0
2008 | 100.0 99.5 99.2 98.0 97.5 96.9 96.4 95.6 92.5 92.2 90.4 88.1 | 99.5 97.5 94.8 90.2 | 95.5
2009 | 85.7 85.5 84.1 83.5 82.9 82.7 84.1 85.3 85.9 86.0 86.8 86.9 | 85.1 83.0 85.1 86.6 | 85.0
2010 | 87.8 87.6 88.5 89.2 90.2 | 87.9 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 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.
Table 7B
CAPACITY AND UTILIZATION: Manufacturing <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
1980 | 56.8 56.9 57.0 57.2 57.3 57.5 57.6 57.8 57.9 58.1 58.3 58.4 | 56.9 57.3 57.8 58.3 | 57.6
1981 | 58.6 58.8 58.9 59.1 59.3 59.4 59.6 59.7 59.9 60.0 60.1 60.3 | 58.8 59.3 59.7 60.1 | 59.5
| | |
1982 | 60.4 60.5 60.7 60.8 60.9 61.0 61.1 61.2 61.3 61.4 61.4 61.5 | 60.5 60.9 61.2 61.4 | 61.0
1983 | 61.6 61.6 61.6 61.7 61.7 61.7 61.8 61.8 61.8 61.9 61.9 62.0 | 61.6 61.7 61.8 61.9 | 61.8
1984 | 62.1 62.2 62.3 62.4 62.5 62.6 62.8 62.9 63.1 63.3 63.5 63.7 | 62.2 62.5 62.9 63.5 | 62.8
1985 | 63.9 64.0 64.2 64.4 64.6 64.8 65.0 65.1 65.2 65.3 65.4 65.5 | 64.0 64.6 65.1 65.4 | 64.8
1986 | 65.6 65.7 65.7 65.8 65.8 65.9 65.9 66.0 66.1 66.2 66.3 66.4 | 65.7 65.8 66.0 66.3 | 65.9
| | |
1987 | 66.6 66.7 66.9 67.1 67.3 67.4 67.6 67.8 67.9 68.1 68.2 68.3 | 66.7 67.3 67.8 68.2 | 67.5
1988 | 68.3 68.4 68.4 68.5 68.5 68.5 68.6 68.6 68.6 68.7 68.7 68.8 | 68.4 68.5 68.6 68.7 | 68.6
1989 | 68.9 69.0 69.1 69.3 69.4 69.6 69.7 69.9 70.0 70.2 70.4 70.6 | 69.0 69.4 69.9 70.4 | 69.7
1990 | 70.7 70.9 71.1 71.2 71.4 71.6 71.7 71.9 72.0 72.1 72.3 72.4 | 70.9 71.4 71.9 72.3 | 71.6
1991 | 72.5 72.7 72.8 72.9 73.0 73.1 73.2 73.3 73.4 73.4 73.5 73.6 | 72.7 73.0 73.3 73.5 | 73.1
| | |
1992 | 73.8 73.9 74.0 74.2 74.4 74.6 74.8 75.0 75.2 75.3 75.5 75.7 | 73.9 74.4 75.0 75.5 | 74.7
1993 | 75.9 76.0 76.2 76.3 76.4 76.5 76.6 76.7 76.9 77.0 77.1 77.3 | 76.0 76.4 76.7 77.1 | 76.6
1994 | 77.4 77.6 77.8 78.0 78.2 78.5 78.7 79.0 79.3 79.6 79.9 80.2 | 77.6 78.3 79.0 79.9 | 78.7
1995 | 80.5 80.8 81.1 81.4 81.8 82.1 82.5 82.8 83.2 83.6 84.0 84.4 | 80.8 81.8 82.8 84.0 | 82.4
1996 | 84.9 85.3 85.8 86.2 86.7 87.1 87.6 88.1 88.5 89.0 89.5 90.0 | 85.3 86.7 88.1 89.5 | 87.4
| | |
1997 | 90.5 91.0 91.5 92.1 92.6 93.2 93.8 94.5 95.1 95.8 96.5 97.2 | 91.0 92.7 94.5 96.5 | 93.7
1998 | 98.0 98.7 99.4 100.2 100.9 101.6 102.2 102.8 103.5 104.0 104.6 105.2 | 98.7 100.9 102.8 104.6 | 101.8
1999 | 105.7 106.2 106.7 107.2 107.7 108.2 108.7 109.2 109.6 110.1 110.6 111.1 | 106.2 107.7 109.2 110.6 | 108.4
2000 | 111.6 112.0 112.5 113.0 113.4 113.9 114.3 114.8 115.2 115.6 116.0 116.4 | 112.0 113.4 114.8 116.0 | 114.1
2001 | 116.8 117.2 117.6 117.9 118.2 118.5 118.8 119.0 119.3 119.5 119.7 119.8 | 117.2 118.2 119.0 119.6 | 118.5
| | |
2002 | 120.0 120.1 120.2 120.3 120.3 120.4 120.4 120.4 120.4 120.4 120.4 120.4 | 120.1 120.3 120.4 120.4 | 120.3
2003 | 120.4 120.4 120.3 120.3 120.2 120.2 120.2 120.1 120.1 120.0 119.9 119.9 | 120.4 120.2 120.1 119.9 | 120.2
2004 | 119.8 119.8 119.7 119.7 119.6 119.6 119.6 119.6 119.6 119.7 119.7 119.8 | 119.8 119.6 119.6 119.7 | 119.7
2005 | 119.9 120.0 120.2 120.3 120.5 120.7 120.9 121.1 121.2 121.4 121.6 121.8 | 120.0 120.5 121.1 121.6 | 120.8
2006 | 121.9 122.1 122.2 122.4 122.6 122.7 122.9 123.1 123.3 123.5 123.7 123.9 | 122.1 122.6 123.1 123.7 | 122.9
| | |
2007 | 124.2 124.4 124.7 125.0 125.3 125.5 125.8 126.0 126.3 126.5 126.7 126.9 | 124.4 125.3 126.0 126.7 | 125.6
2008 | 127.0 127.2 127.3 127.4 127.4 127.4 127.5 127.5 127.5 127.4 127.4 127.3 | 127.2 127.4 127.5 127.4 | 127.3
2009 | 127.2 127.1 127.0 126.8 126.7 126.5 126.4 126.2 126.1 126.0 125.9 125.8 | 127.1 126.7 126.2 125.9 | 126.5
2010 | 125.7 125.6 125.6 125.5 125.5 | 125.6 |
| | |
Utilization | | |
(percent) | | |
1980 | 83.0 82.8 82.0 80.1 77.5 76.1 75.2 75.5 76.5 77.7 78.9 78.9 | 82.6 77.9 75.7 78.5 | 78.7
1981 | 78.4 77.7 77.8 78.0 78.2 77.6 77.5 77.4 76.9 76.0 74.9 73.5 | 78.0 77.9 77.3 74.8 | 77.0
| | |
1982 | 71.6 73.3 72.6 72.0 71.7 71.4 71.2 70.5 70.2 69.4 68.9 68.5 | 72.5 71.7 70.7 68.9 | 70.9
1983 | 70.1 70.0 70.6 71.4 72.3 72.8 73.8 74.4 75.7 76.5 76.7 76.8 | 70.3 72.2 74.6 76.7 | 73.4
1984 | 78.2 78.9 79.1 79.4 79.5 79.6 79.8 79.7 79.4 79.4 79.4 79.5 | 78.7 79.5 79.6 79.5 | 79.3
1985 | 79.0 78.5 78.9 78.4 78.2 78.2 77.5 77.8 77.7 77.4 77.8 78.0 | 78.8 78.3 77.7 77.7 | 78.1
1986 | 78.7 78.2 77.9 78.2 78.2 77.9 78.3 78.4 78.4 78.6 78.9 79.4 | 78.3 78.1 78.4 79.0 | 78.4
| | |
1987 | 79.0 79.9 79.8 80.1 80.4 80.5 80.9 81.1 81.4 82.5 82.9 83.3 | 79.6 80.3 81.1 82.9 | 81.0
1988 | 83.0 83.1 83.3 84.0 83.9 84.0 84.0 84.0 84.2 84.6 84.8 85.0 | 83.2 83.9 84.1 84.8 | 84.0
1989 | 85.6 84.6 84.4 84.4 83.5 83.4 82.3 82.9 82.5 82.2 82.1 82.0 | 84.9 83.8 82.6 82.1 | 83.3
1990 | 81.7 82.7 82.8 82.4 82.3 82.3 82.0 82.1 81.9 81.1 80.0 79.2 | 82.4 82.4 82.0 80.1 | 81.7
1991 | 78.5 77.9 77.2 77.3 77.8 78.6 78.7 78.8 79.5 79.3 79.0 78.8 | 77.9 77.9 79.0 79.0 | 78.5
| | |
1992 | 78.2 78.8 79.4 79.6 79.9 79.9 80.4 79.8 79.6 79.9 80.0 79.7 | 78.8 79.8 79.9 79.9 | 79.6
1993 | 80.3 80.3 80.0 80.3 80.2 79.9 80.0 79.8 80.2 80.8 81.0 81.2 | 80.2 80.1 80.0 81.0 | 80.3
1994 | 81.2 81.1 82.0 82.4 82.7 82.7 82.8 83.2 83.1 83.7 84.0 84.6 | 81.4 82.6 83.0 84.1 | 82.8
1995 | 84.6 84.2 84.0 83.6 83.2 83.2 82.4 83.0 83.3 82.8 82.4 82.4 | 84.3 83.3 82.9 82.5 | 83.3
1996 | 81.4 82.3 81.6 82.0 82.1 82.6 82.4 82.5 82.6 82.1 82.3 82.6 | 81.8 82.3 82.5 82.3 | 82.2
| | |
1997 | 82.2 82.8 83.4 82.7 82.9 82.9 82.8 83.6 83.7 83.6 83.9 83.6 | 82.8 82.9 83.3 83.7 | 83.2
1998 | 83.7 83.2 82.5 82.3 82.2 81.0 80.1 81.7 80.9 81.2 80.9 80.9 | 83.1 81.8 80.9 81.0 | 81.7
1999 | 80.7 80.9 80.5 80.4 80.8 80.1 80.2 80.3 79.7 80.6 80.7 80.9 | 80.7 80.4 80.1 80.7 | 80.5
2000 | 80.7 80.6 80.8 81.0 80.5 80.3 80.0 79.2 79.3 78.7 78.2 77.4 | 80.7 80.6 79.5 78.1 | 79.7
2001 | 76.6 76.0 75.5 75.1 74.4 73.7 73.2 72.6 72.3 71.7 71.4 71.5 | 76.0 74.4 72.7 71.6 | 73.7
| | |
2002 | 71.8 71.7 72.2 72.2 72.7 73.5 73.1 73.4 73.4 73.1 73.4 73.0 | 71.9 72.8 73.3 73.2 | 72.8
2003 | 73.5 73.6 73.8 73.2 73.2 73.5 73.7 73.5 74.1 74.1 74.9 74.8 | 73.6 73.3 73.7 74.6 | 73.8
2004 | 74.8 75.3 75.2 75.6 76.2 75.5 76.2 76.7 76.5 77.3 77.2 77.6 | 75.1 75.8 76.5 77.4 | 76.2
2005 | 78.1 78.7 78.4 78.4 78.6 78.5 78.4 78.4 77.5 78.6 79.0 78.9 | 78.4 78.5 78.1 78.8 | 78.5
2006 | 79.4 79.1 78.9 79.3 78.9 79.0 79.0 79.2 79.1 78.7 78.6 79.7 | 79.1 79.1 79.1 79.0 | 79.1
| | |
2007 | 79.2 79.5 79.9 80.3 80.0 79.9 80.0 79.5 79.7 79.0 79.1 79.2 | 79.5 80.1 79.7 79.1 | 79.6
2008 | 78.7 78.2 78.0 77.0 76.5 76.0 75.6 75.0 72.6 72.4 71.0 69.2 | 78.3 76.5 74.4 70.9 | 75.0
2009 | 67.4 67.3 66.2 65.9 65.4 65.4 66.6 67.6 68.1 68.2 69.0 69.1 | 67.0 65.6 67.4 68.8 | 67.2
2010 | 69.8 69.7 70.5 71.1 71.9 | 70.0 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 are subject to further revision in the upcoming monthly releases.
<1> See footnote 2 to table 3.
Table 8A
INDUSTRIAL PRODUCTION: Total Industry Excluding Selected High-Technology Industries <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <2>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1980 | .4 .0 -.4 -2.2 -2.6 -1.3 -.7 .2 1.7 1.2 1.7 .5 | .5 -16.9 -6.9 16.1 | -3.6
1981 | -.7 -.6 .5 -.6 .6 .5 .6 -.1 -.7 -.8 -1.1 -1.2 | .0 .5 3.2 -9.5 | .6
| | |
1982 | -2.0 1.8 -.8 -1.0 -.7 -.4 -.5 -.8 -.5 -.9 -.5 -.9 | -8.6 -5.9 -6.4 -8.0 | -6.0
1983 | 1.9 -.7 .8 1.1 .7 .5 1.4 1.2 1.2 .8 .2 .5 | 3.7 8.3 13.5 9.6 | 1.8
1984 | 2.0 .4 .4 .5 .4 .3 .2 .0 -.2 -.2 .3 .1 | 11.5 5.1 1.7 -.4 | 7.9
1985 | -.3 .5 .1 -.1 .1 .0 -.6 .4 .5 -.4 .3 1.1 | 1.0 1.0 -.3 2.6 | 1.0
1986 | .5 -.8 -.7 .1 .1 -.2 .4 -.3 .1 .4 .4 .8 | 2.3 -2.5 .6 4.0 | .9
| | |
1987 | -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 | 4.3 6.5 6.0 9.1 | 4.3
1988 | .0 .4 .2 .4 -.1 .2 .1 .5 -.4 .5 .2 .4 | 3.0 2.7 1.4 2.7 | 4.4
1989 | .3 -.4 .3 .0 -.7 .0 -1.1 .9 -.3 -.2 .2 .6 | 1.9 -1.8 -3.4 1.0 | .6
1990 | -.7 .9 .4 -.2 .1 .3 -.2 .2 .2 -.8 -1.3 -.8 | 2.3 2.2 1.1 -6.7 | .3
1991 | -.4 -.8 -.6 .2 1.0 1.0 .0 .1 .9 -.2 -.2 -.5 | -8.0 2.1 5.4 .5 | -2.0
| | |
1992 | -.8 .7 .8 .6 .2 -.2 .8 -.6 .1 .6 .3 .0 | -1.9 6.1 1.7 2.9 | 1.9
1993 | .5 .3 -.1 .3 -.4 .2 .3 -.1 .3 .7 .3 .5 | 3.1 .4 1.4 5.2 | 2.5
1994 | .4 .0 .9 .3 .4 .6 .0 .4 .0 .6 .4 .9 | 4.3 5.3 3.2 5.6 | 4.0
1995 | .2 -.2 -.1 -.3 .0 .1 -.5 1.2 .1 -.5 .1 .2 | 3.0 -1.4 1.5 .5 | 2.4
1996 | -.9 1.3 -.4 .7 .5 .7 -.5 .4 .4 -.3 .8 .5 | -.2 5.9 2.1 3.2 | 1.7
| | |
1997 | -.1 .9 .5 -.3 .3 .2 .3 1.0 .7 .6 .7 .1 | 5.1 2.3 6.0 7.8 | 4.2
1998 | .2 .0 .0 .2 .6 -.9 -.8 2.0 -.6 .5 -.3 .0 | 1.9 .9 -.2 2.3 | 3.1
1999 | .2 .1 -.1 -.1 .6 -.5 .3 .4 -.5 1.2 .2 .5 | .7 .4 1.0 5.4 | 1.1
2000 | -.3 .0 .1 .4 -.1 -.1 -.5 -.4 .4 -.5 -.2 -.5 | .5 1.5 -3.0 -2.6 | 1.0
2001 | -.7 -.5 -.3 -.1 -.6 -.5 -.3 -.3 -.3 -.5 -.4 -.1 | -6.1 -4.2 -4.4 -4.7 | -3.9
| | |
2002 | .7 .0 .8 .4 .5 .8 -.4 .1 .0 -.3 .4 -.7 | 3.0 6.2 1.5 -1.0 | .3
2003 | .7 .2 -.3 -.9 -.1 -.1 .3 -.1 .6 -.1 .7 -.1 | 1.5 -4.5 1.1 2.8 | .2
2004 | .1 .5 -.6 .5 .7 -1.0 .7 .1 -.1 1.0 .2 .7 | 1.8 1.9 1.3 5.3 | 1.7
2005 | .4 .6 -.1 .0 .2 .3 -.2 .0 -2.2 1.0 1.1 .6 | 5.1 1.2 -2.8 1.6 | 2.5
2006 | .0 .0 .2 .4 -.2 .4 .2 .2 -.2 -.1 -.2 1.0 | 3.3 2.0 1.8 .2 | 1.4
| | |
2007 | -.4 1.1 .0 .6 .1 -.1 .2 -.1 .3 -.9 .2 .0 | 3.7 3.7 .8 -2.3 | 1.9
2008 | -.4 -.3 -.4 -.9 -.5 -.3 .0 -1.2 -4.1 1.2 -.8 -1.9 | -2.7 -6.8 -9.6 -11.7 | -4.0
2009 | -2.0 -.7 -1.6 -.9 -1.0 -.3 1.3 1.2 .7 .2 .5 .5 | -16.8 -11.2 7.4 6.5 | -9.2
2010 | 1.0 -.1 .3 .6 1.2 | 6.6 |
| | |
IP (2007=100) | | |
1980 | 70.4 70.4 70.1 68.6 66.8 65.9 65.5 65.6 66.7 67.5 68.7 69.0 | 70.3 67.1 65.9 68.4 | 67.9
1981 | 68.6 68.2 68.5 68.1 68.5 68.8 69.3 69.2 68.7 68.1 67.4 66.6 | 68.4 68.5 69.0 67.3 | 68.3
| | |
1982 | 65.2 66.4 65.9 65.3 64.8 64.5 64.2 63.7 63.4 62.9 62.6 62.0 | 65.8 64.9 63.8 62.5 | 64.2
1983 | 63.2 62.8 63.2 63.9 64.4 64.7 65.6 66.4 67.2 67.7 67.9 68.2 | 63.1 64.3 66.4 67.9 | 65.4
1984 | 69.6 69.8 70.1 70.4 70.7 70.9 71.0 71.0 70.9 70.7 71.0 71.0 | 69.8 70.7 71.0 70.9 | 70.6
1985 | 70.8 71.2 71.3 71.2 71.3 71.3 70.9 71.2 71.6 71.3 71.5 72.2 | 71.1 71.3 71.2 71.7 | 71.3
1986 | 72.6 72.0 71.6 71.6 71.7 71.6 71.8 71.6 71.7 72.0 72.3 72.9 | 72.1 71.6 71.7 72.4 | 72.0
| | |
1987 | 72.5 73.4 73.6 73.9 74.4 74.7 75.1 75.5 75.7 76.8 77.1 77.4 | 73.2 74.3 75.4 77.1 | 75.0
1988 | 77.4 77.7 77.9 78.2 78.1 78.3 78.3 78.7 78.4 78.8 78.9 79.3 | 77.7 78.2 78.5 79.0 | 78.3
1989 | 79.5 79.2 79.4 79.4 78.8 78.8 77.9 78.6 78.4 78.2 78.4 78.9 | 79.4 79.0 78.3 78.5 | 78.8
1990 | 78.4 79.1 79.4 79.3 79.4 79.6 79.4 79.6 79.8 79.1 78.1 77.5 | 79.0 79.4 79.6 78.2 | 79.1
1991 | 77.2 76.6 76.1 76.3 77.0 77.8 77.8 77.8 78.5 78.4 78.2 77.8 | 76.6 77.0 78.0 78.1 | 77.5
| | |
1992 | 77.2 77.7 78.4 78.8 79.0 78.9 79.5 79.1 79.2 79.7 79.9 79.9 | 77.8 78.9 79.2 79.8 | 78.9
1993 | 80.3 80.5 80.5 80.7 80.3 80.5 80.7 80.7 81.0 81.5 81.8 82.2 | 80.4 80.5 80.8 81.8 | 80.9
1994 | 82.5 82.5 83.2 83.4 83.7 84.2 84.2 84.5 84.6 85.1 85.5 86.2 | 82.7 83.8 84.4 85.6 | 84.1
1995 | 86.4 86.2 86.1 85.9 85.9 86.0 85.5 86.5 86.6 86.2 86.3 86.5 | 86.2 85.9 86.2 86.3 | 86.2
1996 | 85.7 86.8 86.4 87.1 87.5 88.1 87.7 88.0 88.3 88.1 88.8 89.2 | 86.3 87.5 88.0 88.7 | 87.6
| | |
1997 | 89.1 89.9 90.4 90.1 90.4 90.6 90.8 91.8 92.4 93.0 93.6 93.7 | 89.8 90.3 91.7 93.4 | 91.3
1998 | 93.9 93.9 93.8 94.0 94.5 93.7 93.0 94.8 94.3 94.7 94.4 94.5 | 93.8 94.0 94.0 94.5 | 94.1
1999 | 94.6 94.8 94.7 94.6 95.1 94.7 94.9 95.3 94.8 96.0 96.2 96.7 | 94.7 94.8 95.0 96.3 | 95.2
2000 | 96.4 96.4 96.4 96.9 96.7 96.7 96.1 95.8 96.2 95.7 95.5 95.0 | 96.4 96.7 96.0 95.4 | 96.1
2001 | 94.3 93.8 93.5 93.4 92.8 92.4 92.1 91.9 91.5 91.0 90.7 90.6 | 93.9 92.9 91.8 90.8 | 92.3
| | |
2002 | 91.2 91.2 91.9 92.2 92.7 93.5 93.1 93.2 93.2 92.9 93.3 92.6 | 91.4 92.8 93.2 92.9 | 92.6
2003 | 93.3 93.4 93.2 92.3 92.2 92.1 92.4 92.3 92.8 92.7 93.4 93.3 | 93.3 92.2 92.5 93.1 | 92.8
2004 | 93.4 93.9 93.3 93.8 94.5 93.6 94.3 94.4 94.3 95.2 95.4 96.0 | 93.5 94.0 94.3 95.5 | 94.3
2005 | 96.4 97.0 96.9 96.8 97.0 97.2 97.0 97.1 94.9 95.8 96.9 97.4 | 96.7 97.0 96.3 96.7 | 96.7
2006 | 97.4 97.4 97.7 98.0 97.8 98.2 98.4 98.5 98.3 98.3 98.0 99.1 | 97.5 98.0 98.4 98.5 | 98.1
| | |
2007 | 98.7 99.7 99.7 100.3 100.3 100.2 100.4 100.3 100.6 99.7 100.0 100.0 | 99.4 100.3 100.5 99.9 | 100.0
2008 | 99.6 99.2 98.8 97.9 97.4 97.1 97.1 96.0 92.1 93.2 92.5 90.7 | 99.2 97.5 95.0 92.1 | 96.0
2009 | 88.9 88.2 86.9 86.0 85.2 85.0 86.1 87.1 87.7 87.9 88.3 88.8 | 88.0 85.4 86.9 88.3 | 87.2
2010 | 89.7 89.6 89.9 90.4 91.5 | 89.7 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 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.
Table 8B
CAPACITY AND UTILIZATION: Total Industry Excluding Selected High-Technology Industries <1>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
1980 | 83.7 83.8 84.0 84.1 84.2 84.4 84.5 84.6 84.8 84.9 85.1 85.2 | 83.8 84.2 84.6 85.1 | 84.4
1981 | 85.3 85.5 85.6 85.7 85.9 86.0 86.2 86.3 86.4 86.6 86.7 86.8 | 85.5 85.9 86.3 86.7 | 86.1
| | |
1982 | 87.0 87.1 87.2 87.3 87.4 87.5 87.6 87.6 87.7 87.7 87.8 87.8 | 87.1 87.4 87.6 87.7 | 87.5
1983 | 87.8 87.7 87.7 87.7 87.7 87.6 87.6 87.6 87.6 87.6 87.6 87.6 | 87.7 87.7 87.6 87.6 | 87.7
1984 | 87.7 87.7 87.8 87.8 87.9 88.0 88.1 88.3 88.4 88.5 88.7 88.8 | 87.7 87.9 88.3 88.7 | 88.1
1985 | 89.0 89.2 89.3 89.5 89.7 89.8 90.0 90.1 90.3 90.4 90.5 90.6 | 89.2 89.7 90.1 90.5 | 89.9
1986 | 90.7 90.8 90.9 90.9 91.0 91.1 91.1 91.2 91.2 91.3 91.4 91.5 | 90.8 91.0 91.2 91.4 | 91.1
| | |
1987 | 91.6 91.7 91.8 91.9 92.0 92.1 92.2 92.3 92.4 92.4 92.5 92.5 | 91.7 92.0 92.3 92.5 | 92.1
1988 | 92.6 92.6 92.6 92.6 92.6 92.6 92.6 92.6 92.7 92.7 92.8 92.8 | 92.6 92.6 92.6 92.8 | 92.6
1989 | 92.9 93.0 93.1 93.2 93.4 93.5 93.7 93.8 94.0 94.1 94.3 94.5 | 93.0 93.4 93.8 94.3 | 93.6
1990 | 94.6 94.8 94.9 95.1 95.2 95.4 95.5 95.6 95.7 95.9 96.0 96.1 | 94.8 95.2 95.6 96.0 | 95.4
1991 | 96.2 96.3 96.5 96.6 96.7 96.8 96.9 97.0 97.1 97.2 97.3 97.4 | 96.3 96.7 97.0 97.3 | 96.8
| | |
1992 | 97.5 97.6 97.7 97.8 97.9 98.0 98.1 98.2 98.3 98.4 98.5 98.6 | 97.6 97.9 98.2 98.5 | 98.1
1993 | 98.7 98.8 98.9 98.9 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 | 98.8 99.0 99.3 99.6 | 99.2
1994 | 99.8 100.0 100.1 100.2 100.3 100.5 100.6 100.8 101.0 101.1 101.3 101.5 | 100.0 100.4 100.8 101.3 | 100.6
1995 | 101.7 101.8 102.0 102.2 102.4 102.6 102.8 103.0 103.2 103.4 103.6 103.7 | 101.9 102.4 103.0 103.6 | 102.7
1996 | 103.9 104.1 104.3 104.5 104.6 104.8 105.0 105.2 105.5 105.7 105.9 106.2 | 104.1 104.6 105.2 105.9 | 105.0
| | |
1997 | 106.5 106.7 107.1 107.4 107.7 108.1 108.5 108.9 109.2 109.7 110.1 110.5 | 106.8 107.7 108.9 110.1 | 108.4
1998 | 110.9 111.3 111.7 112.2 112.6 113.0 113.4 113.7 114.1 114.5 114.8 115.1 | 111.3 112.6 113.7 114.8 | 113.1
1999 | 115.4 115.7 116.0 116.3 116.6 116.8 117.0 117.3 117.5 117.7 117.9 118.0 | 115.7 116.6 117.3 117.9 | 116.9
2000 | 118.2 118.4 118.5 118.7 118.8 119.0 119.1 119.2 119.4 119.5 119.6 119.8 | 118.4 118.8 119.2 119.6 | 119.0
2001 | 119.9 120.0 120.2 120.3 120.5 120.6 120.8 120.9 121.1 121.2 121.3 121.5 | 120.0 120.5 120.9 121.3 | 120.7
| | |
2002 | 121.6 121.7 121.8 121.8 121.9 121.9 121.9 121.9 121.8 121.8 121.7 121.6 | 121.7 121.9 121.9 121.7 | 121.8
2003 | 121.5 121.4 121.3 121.2 121.2 121.1 121.0 121.0 120.9 120.9 120.8 120.8 | 121.4 121.2 121.0 120.8 | 121.1
2004 | 120.7 120.7 120.7 120.6 120.6 120.5 120.4 120.4 120.3 120.2 120.2 120.1 | 120.7 120.6 120.4 120.2 | 120.4
2005 | 120.0 120.0 120.0 120.0 120.0 120.0 120.0 120.1 120.2 120.3 120.4 120.5 | 120.0 120.0 120.1 120.4 | 120.1
2006 | 120.6 120.8 120.9 121.1 121.2 121.4 121.6 121.8 121.9 122.1 122.3 122.4 | 120.8 121.2 121.8 122.3 | 121.5
| | |
2007 | 122.5 122.7 122.8 122.9 122.9 123.0 123.0 123.0 123.0 123.0 123.0 123.0 | 122.7 122.9 123.0 123.0 | 122.9
2008 | 123.0 123.0 123.0 123.1 123.2 123.2 123.4 123.5 123.7 123.9 124.1 124.2 | 123.0 123.2 123.5 124.1 | 123.4
2009 | 124.4 124.5 124.6 124.7 124.7 124.7 124.7 124.6 124.5 124.4 124.3 124.2 | 124.5 124.7 124.6 124.3 | 124.5
2010 | 124.0 123.9 123.8 123.7 123.6 | 123.9 |
| | |
Utilization | | |
(percent) | | |
1980 | 84.1 84.0 83.5 81.6 79.3 78.2 77.5 77.5 78.7 79.5 80.8 81.0 | 83.8 79.7 77.9 80.4 | 80.5
1981 | 80.3 79.8 80.0 79.5 79.8 80.0 80.4 80.2 79.5 78.7 77.7 76.6 | 80.1 79.8 80.0 77.7 | 79.4
| | |
1982 | 75.0 76.2 75.6 74.7 74.1 73.7 73.3 72.7 72.3 71.6 71.3 70.7 | 75.6 74.2 72.8 71.2 | 73.4
1983 | 72.0 71.5 72.1 72.9 73.4 73.8 74.8 75.8 76.7 77.3 77.5 77.8 | 71.9 73.4 75.8 77.5 | 74.6
1984 | 79.4 79.6 79.8 80.2 80.4 80.6 80.6 80.5 80.2 79.9 80.0 80.0 | 79.6 80.4 80.4 80.0 | 80.1
1985 | 79.5 79.8 79.8 79.6 79.5 79.4 78.8 79.0 79.3 78.8 79.0 79.7 | 79.7 79.5 79.0 79.2 | 79.3
1986 | 80.0 79.3 78.7 78.7 78.8 78.6 78.8 78.5 78.6 78.9 79.1 79.7 | 79.4 78.7 78.6 79.2 | 79.0
| | |
1987 | 79.2 80.1 80.2 80.5 80.9 81.1 81.4 81.9 81.9 83.0 83.4 83.7 | 79.8 80.8 81.7 83.4 | 81.4
1988 | 83.6 84.0 84.1 84.5 84.4 84.5 84.6 85.0 84.6 85.0 85.1 85.4 | 83.9 84.4 84.7 85.2 | 84.6
1989 | 85.6 85.1 85.3 85.1 84.4 84.3 83.2 83.8 83.4 83.1 83.2 83.5 | 85.3 84.6 83.5 83.3 | 84.2
1990 | 82.8 83.5 83.7 83.4 83.3 83.4 83.2 83.3 83.3 82.5 81.4 80.6 | 83.3 83.4 83.3 81.5 | 82.9
1991 | 80.2 79.5 78.9 79.0 79.7 80.4 80.3 80.2 80.9 80.6 80.4 79.9 | 79.5 79.7 80.4 80.3 | 80.0
| | |
1992 | 79.1 79.6 80.2 80.6 80.7 80.5 81.0 80.5 80.5 81.0 81.1 81.1 | 79.6 80.6 80.7 81.1 | 80.5
1993 | 81.4 81.5 81.4 81.5 81.1 81.2 81.4 81.2 81.4 81.9 82.1 82.4 | 81.4 81.3 81.3 82.1 | 81.6
1994 | 82.6 82.5 83.1 83.2 83.4 83.8 83.7 83.9 83.8 84.2 84.4 85.0 | 82.7 83.5 83.8 84.5 | 83.6
1995 | 85.0 84.7 84.4 84.0 83.9 83.8 83.2 84.0 84.0 83.4 83.3 83.3 | 84.7 83.9 83.7 83.4 | 83.9
1996 | 82.4 83.4 82.9 83.4 83.6 84.0 83.5 83.6 83.8 83.4 83.8 84.0 | 82.9 83.7 83.6 83.7 | 83.5
| | |
1997 | 83.7 84.2 84.4 83.9 83.9 83.8 83.7 84.3 84.6 84.8 85.0 84.8 | 84.1 83.9 84.2 84.9 | 84.3
1998 | 84.6 84.3 84.0 83.8 84.0 82.9 82.0 83.4 82.6 82.8 82.3 82.0 | 84.3 83.6 82.7 82.4 | 83.2
1999 | 82.0 81.9 81.6 81.3 81.6 81.0 81.1 81.3 80.7 81.5 81.6 81.9 | 81.8 81.3 81.0 81.7 | 81.5
2000 | 81.5 81.4 81.4 81.6 81.4 81.3 80.7 80.3 80.6 80.1 79.8 79.3 | 81.4 81.4 80.5 79.7 | 80.8
2001 | 78.7 78.2 77.8 77.7 77.1 76.6 76.3 76.0 75.6 75.1 74.7 74.6 | 78.2 77.1 76.0 74.8 | 76.5
| | |
2002 | 75.0 74.9 75.5 75.7 76.1 76.7 76.4 76.4 76.5 76.3 76.6 76.2 | 75.1 76.2 76.4 76.4 | 76.0
2003 | 76.7 76.9 76.8 76.1 76.1 76.1 76.3 76.3 76.7 76.7 77.3 77.2 | 76.8 76.1 76.5 77.1 | 76.6
2004 | 77.3 77.8 77.4 77.8 78.4 77.7 78.3 78.4 78.4 79.2 79.4 80.0 | 77.5 78.0 78.3 79.5 | 78.3
2005 | 80.3 80.8 80.7 80.7 80.8 81.0 80.8 80.8 79.0 79.7 80.5 80.9 | 80.6 80.8 80.2 80.3 | 80.5
2006 | 80.8 80.7 80.8 80.9 80.7 80.8 80.9 80.9 80.7 80.5 80.2 80.9 | 80.7 80.8 80.8 80.5 | 80.7
| | |
2007 | 80.5 81.3 81.2 81.6 81.6 81.5 81.6 81.5 81.8 81.0 81.3 81.3 | 81.0 81.6 81.7 81.2 | 81.4
2008 | 80.9 80.7 80.3 79.6 79.1 78.8 78.7 77.7 74.4 75.2 74.5 73.0 | 80.6 79.1 76.9 74.3 | 77.7
2009 | 71.4 70.9 69.7 69.0 68.3 68.1 69.0 69.9 70.4 70.6 71.1 71.5 | 70.7 68.5 69.8 71.1 | 70.0
2010 | 72.3 72.4 72.6 73.1 74.0 | 72.4 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 are subject to further revision in the upcoming monthly releases.
<1> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
Table 9A
INDUSTRIAL PRODUCTION: Manufacturing <1> Excluding Selected High-Technology Industries <2>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <3>
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
IP (percent | | |
change) | | |
1980 | .3 -.1 -.9 -2.3 -3.2 -1.6 -1.1 .6 1.7 1.8 1.9 .2 | -.4 -20.1 -8.7 19.2 | -4.9
1981 | -.5 -.7 .3 .4 .5 -.6 .1 .0 -.6 -1.1 -1.2 -1.8 | -.5 2.0 -1.4 -11.2 | .1
| | |
1982 | -2.5 2.5 -.8 -.8 -.2 -.3 -.3 -.7 -.5 -1.2 -.7 -.6 | -10.3 -3.1 -4.6 -9.2 | -6.6
1983 | 2.5 -.2 .9 1.0 1.2 .6 1.3 .9 1.5 1.1 .3 .2 | 8.1 10.8 13.8 11.0 | 3.7
1984 | 1.8 1.0 .3 .4 .2 .3 .4 .0 -.3 .4 .3 .4 | 11.7 4.5 2.2 1.8 | 8.5
1985 | -.5 -.2 .8 -.2 .1 .1 -.4 .6 .2 -.3 .6 .4 | .0 1.6 .5 2.4 | 1.4
1986 | 1.2 -.7 -.3 .4 .1 -.2 .2 .1 .2 .4 .4 .8 | 4.6 -.1 1.2 4.3 | 2.2
| | |
1987 | -.5 1.4 .1 .4 .6 .3 .6 .3 .5 1.5 .5 .5 | 4.6 6.1 5.5 10.5 | 4.6
1988 | -.2 .2 .2 .8 -.2 .1 .0 .1 .3 .5 .3 .4 | 1.9 3.5 .4 4.3 | 4.4
1989 | .8 -1.0 -.1 .1 -.9 .1 -1.3 .9 -.2 -.3 .1 .1 | 2.2 -3.3 -4.1 -.5 | .4
1990 | -.2 1.5 .3 -.4 .1 .2 -.2 .3 .0 -.9 -1.3 -.8 | 3.8 1.9 .4 -7.5 | .0
1991 | -.8 -.7 -.8 .3 .7 1.1 .3 .2 1.1 -.2 -.3 -.3 | -9.6 1.4 7.2 1.1 | -2.6
| | |
1992 | -.9 .9 .9 .4 .5 .1 .8 -.5 -.1 .5 .3 -.2 | -1.2 6.9 2.6 1.4 | 2.6
1993 | 1.1 .1 -.3 .5 -.1 -.2 .3 -.2 .5 .8 .3 .5 | 3.9 .7 .4 5.9 | 2.5
1994 | .1 .1 1.2 .5 .5 .2 .2 .6 .1 .7 .5 .9 | 4.0 7.0 3.7 6.9 | 4.4
1995 | .2 -.3 -.1 -.4 -.2 .2 -.8 .9 .6 -.4 -.1 .1 | 3.0 -2.5 .3 .8 | 2.5
1996 | -1.1 1.3 -.5 1.0 .5 .8 -.1 .3 .5 -.4 .7 .7 | -1.6 6.7 4.1 3.0 | 1.5
| | |
1997 | -.2 1.0 .9 -.7 .5 .4 .1 1.3 .6 .5 .8 .1 | 6.2 2.8 6.6 8.2 | 4.9
1998 | .5 -.1 -.3 .3 .4 -1.1 -.9 2.5 -.7 .7 -.1 .2 | 3.2 -.1 -.5 4.2 | 3.5
1999 | -.1 .4 -.4 .0 .8 -.7 .0 .6 -.5 1.4 .4 .3 | .7 .3 .2 6.7 | 1.4
2000 | -.3 -.2 .3 .4 -.6 .0 -.4 -.8 .4 -.5 -.6 -.9 | .2 .6 -3.7 -4.7 | .7
2001 | -.6 -.5 -.3 -.1 -.7 -.5 -.1 -.7 -.2 -.7 -.2 .2 | -7.2 -4.2 -4.8 -4.4 | -4.8
| | |
2002 | .6 -.1 .8 .1 .7 1.0 -.5 .3 .0 -.5 .4 -.7 | 3.7 5.5 2.2 -1.6 | .4
2003 | .5 -.1 .1 -1.1 .0 .3 -.1 -.3 .8 -.1 .9 -.3 | .7 -3.7 .5 3.1 | .0
2004 | -.2 .7 -.2 .5 .7 -.9 .9 .6 -.3 1.1 .0 .6 | 1.3 3.2 3.0 4.9 | 2.0
2005 | .6 .7 -.4 .1 .4 .0 -.2 .1 -1.3 1.5 .7 -.1 | 5.6 1.2 -1.9 4.3 | 3.1
2006 | .7 -.3 -.1 .5 -.5 .2 .0 .3 -.1 -.4 .0 1.6 | 2.6 .4 .6 .7 | 1.5
| | |
2007 | -.5 .5 .6 .5 -.1 .2 .3 -.6 .3 -.9 .1 .1 | 4.5 4.4 .4 -3.2 | 2.0
2008 | -.6 -.7 -.4 -1.4 -.6 -.6 -.5 -.9 -3.3 -.1 -1.6 -2.4 | -4.2 -9.4 -10.5 -16.6 | -5.5
2009 | -2.7 -.1 -1.9 -.8 -.9 -.2 1.6 1.3 .6 .0 1.0 .1 | -20.1 -10.6 9.3 6.4 | -11.0
2010 | .9 -.3 1.0 .8 1.0 | 6.1 |
| | |
IP (2007=100) | | |
1980 | 68.3 68.3 67.6 66.1 64.0 63.0 62.3 62.7 63.7 64.9 66.1 66.2 | 68.1 64.4 62.9 65.7 | 65.3
1981 | 65.9 65.4 65.7 65.9 66.2 65.8 65.9 65.9 65.5 64.8 64.0 62.8 | 65.7 66.0 65.8 63.8 | 65.3
| | |
1982 | 61.3 62.8 62.3 61.8 61.6 61.5 61.3 60.9 60.6 59.9 59.4 59.1 | 62.1 61.6 60.9 59.5 | 61.0
1983 | 60.5 60.4 60.9 61.6 62.3 62.7 63.5 64.1 65.1 65.8 66.0 66.1 | 60.6 62.2 64.3 66.0 | 63.3
1984 | 67.3 68.0 68.2 68.4 68.5 68.7 69.0 69.0 68.8 69.0 69.2 69.5 | 67.8 68.6 68.9 69.2 | 68.6
1985 | 69.1 69.0 69.6 69.4 69.5 69.6 69.3 69.7 69.8 69.6 70.1 70.4 | 69.2 69.5 69.6 70.0 | 69.6
1986 | 71.2 70.7 70.5 70.8 70.9 70.7 70.9 71.0 71.1 71.4 71.7 72.2 | 70.8 70.8 71.0 71.8 | 71.1
| | |
1987 | 71.9 72.9 72.9 73.3 73.7 73.9 74.3 74.6 75.0 76.1 76.5 76.9 | 72.6 73.6 74.6 76.5 | 74.3
1988 | 76.7 76.9 77.1 77.6 77.5 77.5 77.5 77.6 77.8 78.2 78.4 78.8 | 76.9 77.6 77.6 78.5 | 77.6
1989 | 79.4 78.6 78.6 78.7 78.0 78.1 77.0 77.7 77.5 77.3 77.3 77.4 | 78.9 78.2 77.4 77.3 | 78.0
1990 | 77.2 78.3 78.6 78.3 78.4 78.5 78.4 78.6 78.5 77.8 76.8 76.2 | 78.0 78.4 78.5 77.0 | 78.0
1991 | 75.6 75.1 74.4 74.7 75.2 76.0 76.2 76.4 77.2 77.1 76.8 76.6 | 75.0 75.3 76.6 76.8 | 75.9
| | |
1992 | 75.9 76.6 77.3 77.6 78.0 78.1 78.7 78.3 78.2 78.6 78.8 78.6 | 76.6 77.9 78.4 78.7 | 77.9
1993 | 79.5 79.5 79.3 79.7 79.6 79.4 79.6 79.5 79.9 80.5 80.8 81.1 | 79.4 79.6 79.7 80.8 | 79.9
1994 | 81.2 81.3 82.3 82.7 83.1 83.2 83.4 83.9 84.0 84.6 85.1 85.9 | 81.6 83.0 83.8 85.2 | 83.4
1995 | 86.0 85.7 85.7 85.3 85.1 85.3 84.6 85.4 85.9 85.5 85.4 85.5 | 85.8 85.3 85.3 85.5 | 85.5
1996 | 84.6 85.7 85.2 86.0 86.4 87.1 87.1 87.4 87.8 87.4 88.1 88.7 | 85.1 86.5 87.4 88.1 | 86.8
| | |
1997 | 88.5 89.4 90.2 89.6 90.0 90.4 90.5 91.7 92.2 92.7 93.5 93.6 | 89.4 90.0 91.5 93.3 | 91.0
1998 | 94.1 94.1 93.8 94.1 94.5 93.4 92.6 94.9 94.2 94.8 94.7 94.9 | 94.0 94.0 93.9 94.8 | 94.2
1999 | 94.9 95.3 94.8 94.8 95.5 94.9 94.9 95.4 95.0 96.3 96.7 97.0 | 95.0 95.1 95.1 96.7 | 95.4
2000 | 96.7 96.5 96.9 97.2 96.7 96.7 96.3 95.6 96.0 95.5 94.9 94.1 | 96.7 96.9 96.0 94.8 | 96.1
2001 | 93.5 93.0 92.7 92.7 92.0 91.5 91.4 90.8 90.6 90.0 89.8 90.0 | 93.1 92.1 91.0 89.9 | 91.5
| | |
2002 | 90.6 90.5 91.2 91.3 91.9 92.8 92.3 92.5 92.6 92.1 92.4 91.8 | 90.8 92.0 92.5 92.1 | 91.8
2003 | 92.2 92.2 92.3 91.3 91.3 91.5 91.5 91.2 91.8 91.7 92.6 92.3 | 92.3 91.4 91.5 92.2 | 91.8
2004 | 92.1 92.8 92.6 93.1 93.8 92.9 93.7 94.2 93.9 94.9 94.9 95.5 | 92.5 93.2 93.9 95.1 | 93.7
2005 | 96.1 96.8 96.3 96.4 96.8 96.8 96.6 96.7 95.4 96.8 97.5 97.4 | 96.4 96.7 96.2 97.2 | 96.6
2006 | 98.1 97.8 97.7 98.2 97.7 97.9 97.9 98.2 98.2 97.8 97.7 99.3 | 97.8 97.9 98.1 98.3 | 98.0
| | |
2007 | 98.8 99.3 99.9 100.4 100.3 100.5 100.8 100.2 100.5 99.6 99.7 99.8 | 99.4 100.4 100.5 99.7 | 100.0
2008 | 99.2 98.6 98.2 96.8 96.2 95.7 95.2 94.4 91.3 91.2 89.7 87.5 | 98.7 96.2 93.6 89.5 | 94.5
2009 | 85.2 85.1 83.5 82.8 82.1 81.9 83.2 84.3 84.8 84.8 85.7 85.8 | 84.6 82.2 84.1 85.4 | 84.1
2010 | 86.6 86.3 87.2 87.8 88.7 | 86.7 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 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.
Table 9B
CAPACITY AND UTILIZATION: Manufacturing <1> Excluding Selected High-Technology Industries <2>
Seasonally adjusted
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
| Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual
---------------------------------------------------------------------------------------------------------------------------------------------
| | |
Capacity | | |
(percent of | | |
2007 output) | | |
1980 | 82.6 82.7 82.9 83.1 83.2 83.4 83.6 83.7 83.9 84.1 84.2 84.4 | 82.8 83.2 83.7 84.2 | 83.5
1981 | 84.6 84.7 84.9 85.1 85.2 85.3 85.5 85.6 85.7 85.9 86.0 86.1 | 84.7 85.2 85.6 86.0 | 85.4
| | |
1982 | 86.2 86.3 86.4 86.5 86.6 86.6 86.7 86.7 86.8 86.8 86.8 86.8 | 86.3 86.5 86.7 86.8 | 86.6
1983 | 86.8 86.8 86.8 86.8 86.7 86.7 86.7 86.6 86.6 86.6 86.6 86.6 | 86.8 86.7 86.6 86.6 | 86.7
1984 | 86.6 86.7 86.7 86.8 86.9 87.0 87.1 87.2 87.4 87.5 87.7 87.9 | 86.7 86.9 87.2 87.7 | 87.1
1985 | 88.1 88.3 88.4 88.6 88.8 89.0 89.2 89.3 89.4 89.6 89.7 89.8 | 88.3 88.8 89.3 89.7 | 89.0
1986 | 89.8 89.9 89.9 90.0 90.0 90.1 90.2 90.2 90.3 90.4 90.5 90.6 | 89.9 90.0 90.2 90.5 | 90.2
| | |
1987 | 90.7 90.9 91.0 91.2 91.3 91.5 91.6 91.7 91.8 91.9 92.0 92.0 | 90.9 91.3 91.7 92.0 | 91.5
1988 | 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.2 92.2 | 92.1 92.1 92.1 92.2 | 92.1
1989 | 92.3 92.4 92.6 92.7 92.8 93.0 93.2 93.3 93.5 93.7 93.9 94.0 | 92.4 92.8 93.3 93.9 | 93.1
1990 | 94.2 94.4 94.5 94.7 94.8 95.0 95.1 95.3 95.4 95.6 95.7 95.8 | 94.4 94.8 95.3 95.7 | 95.0
1991 | 96.0 96.1 96.2 96.4 96.5 96.6 96.7 96.9 97.0 97.1 97.2 97.3 | 96.1 96.5 96.9 97.2 | 96.7
| | |
1992 | 97.4 97.5 97.6 97.7 97.8 97.9 98.1 98.2 98.3 98.4 98.5 98.6 | 97.5 97.8 98.2 98.5 | 98.0
1993 | 98.7 98.8 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 99.8 99.9 | 98.8 99.2 99.5 99.8 | 99.3
1994 | 100.0 100.1 100.2 100.4 100.5 100.6 100.8 100.9 101.1 101.2 101.4 101.6 | 100.1 100.5 100.9 101.4 | 100.7
1995 | 101.8 102.0 102.2 102.4 102.6 102.8 103.1 103.3 103.5 103.7 103.9 104.2 | 102.0 102.6 103.3 103.9 | 103.0
1996 | 104.4 104.6 104.8 105.0 105.2 105.5 105.7 105.9 106.2 106.4 106.7 107.0 | 104.6 105.2 105.9 106.7 | 105.6
| | |
1997 | 107.3 107.7 108.0 108.4 108.8 109.2 109.6 110.1 110.5 111.0 111.5 112.0 | 107.7 108.8 110.1 111.5 | 109.5
1998 | 112.4 112.9 113.4 113.9 114.3 114.8 115.2 115.7 116.1 116.5 116.9 117.2 | 112.9 114.3 115.7 116.9 | 114.9
1999 | 117.6 118.0 118.3 118.6 118.9 119.2 119.5 119.8 120.0 120.3 120.5 120.8 | 118.0 118.9 119.8 120.5 | 119.3
2000 | 121.0 121.2 121.4 121.6 121.8 122.0 122.2 122.3 122.5 122.6 122.8 122.9 | 121.2 121.8 122.3 122.8 | 122.0
2001 | 123.1 123.2 123.3 123.4 123.5 123.6 123.7 123.8 123.8 123.9 123.9 123.9 | 123.2 123.5 123.8 123.9 | 123.6
| | |
2002 | 124.0 124.0 124.0 124.0 123.9 123.9 123.9 123.8 123.8 123.7 123.7 123.6 | 124.0 123.9 123.8 123.7 | 123.8
2003 | 123.5 123.5 123.4 123.3 123.3 123.2 123.1 123.1 123.0 122.9 122.9 122.8 | 123.5 123.3 123.1 122.9 | 123.2
2004 | 122.7 122.7 122.6 122.5 122.5 122.4 122.3 122.3 122.2 122.2 122.2 122.2 | 122.7 122.5 122.3 122.2 | 122.4
2005 | 122.2 122.2 122.3 122.3 122.4 122.5 122.6 122.7 122.8 122.9 123.1 123.2 | 122.2 122.4 122.7 123.1 | 122.6
2006 | 123.4 123.5 123.7 123.8 124.0 124.1 124.3 124.4 124.5 124.7 124.8 124.9 | 123.5 124.0 124.4 124.8 | 124.2
| | |
2007 | 125.0 125.1 125.3 125.4 125.5 125.6 125.7 125.8 125.9 126.0 126.1 126.2 | 125.1 125.5 125.8 126.1 | 125.6
2008 | 126.3 126.3 126.4 126.5 126.6 126.7 126.7 126.8 126.8 126.7 126.7 126.6 | 126.3 126.6 126.7 126.7 | 126.6
2009 | 126.5 126.4 126.2 126.0 125.8 125.6 125.4 125.2 125.0 124.8 124.6 124.4 | 126.4 125.8 125.2 124.6 | 125.5
2010 | 124.3 124.1 124.0 123.9 123.9 | 124.1 |
| | |
Utilization | | |
(percent) | | |
1980 | 82.7 82.5 81.6 79.6 76.9 75.5 74.6 74.9 76.0 77.2 78.5 78.5 | 82.3 77.3 75.2 78.0 | 78.2
1981 | 77.9 77.2 77.3 77.5 77.7 77.1 77.1 77.0 76.4 75.4 74.4 73.0 | 77.5 77.5 76.8 74.3 | 76.5
| | |
1982 | 71.1 72.8 72.1 71.5 71.2 71.0 70.7 70.2 69.8 69.0 68.4 68.1 | 72.0 71.2 70.2 68.5 | 70.5
1983 | 69.7 69.6 70.2 71.0 71.9 72.4 73.3 74.0 75.2 76.0 76.2 76.3 | 69.9 71.7 74.2 76.2 | 73.0
1984 | 77.7 78.4 78.6 78.8 78.9 79.0 79.2 79.1 78.7 78.9 78.9 79.0 | 78.2 78.9 79.0 78.9 | 78.8
1985 | 78.5 78.2 78.6 78.3 78.3 78.2 77.7 78.0 78.1 77.7 78.1 78.4 | 78.4 78.3 77.9 78.1 | 78.2
1986 | 79.3 78.7 78.4 78.7 78.7 78.5 78.6 78.7 78.8 79.0 79.2 79.7 | 78.8 78.6 78.7 79.3 | 78.8
| | |
1987 | 79.2 80.2 80.1 80.4 80.7 80.8 81.2 81.3 81.6 82.8 83.2 83.6 | 79.8 80.6 81.4 83.2 | 81.3
1988 | 83.4 83.5 83.7 84.3 84.2 84.2 84.2 84.3 84.5 84.9 85.1 85.4 | 83.5 84.2 84.3 85.1 | 84.3
1989 | 86.0 85.1 84.9 84.9 84.0 83.9 82.7 83.2 82.9 82.5 82.4 82.3 | 85.3 84.3 82.9 82.4 | 83.7
1990 | 82.0 83.0 83.1 82.7 82.6 82.7 82.4 82.4 82.3 81.4 80.3 79.5 | 82.7 82.7 82.4 80.4 | 82.0
1991 | 78.8 78.1 77.4 77.5 77.9 78.7 78.8 78.8 79.6 79.4 79.0 78.7 | 78.1 78.0 79.1 79.1 | 78.6
| | |
1992 | 77.9 78.5 79.2 79.4 79.7 79.7 80.2 79.7 79.6 79.9 80.0 79.7 | 78.6 79.6 79.9 79.9 | 79.5
1993 | 80.5 80.5 80.1 80.5 80.3 80.0 80.1 79.9 80.2 80.8 80.9 81.2 | 80.4 80.2 80.1 81.0 | 80.4
1994 | 81.2 81.2 82.1 82.4 82.7 82.7 82.8 83.1 83.1 83.6 83.9 84.5 | 81.5 82.6 83.0 84.0 | 82.8
1995 | 84.5 84.1 83.8 83.3 83.0 83.0 82.1 82.7 83.0 82.5 82.2 82.1 | 84.1 83.1 82.6 82.3 | 83.0
1996 | 81.0 81.9 81.3 81.9 82.1 82.6 82.4 82.5 82.7 82.1 82.5 82.9 | 81.4 82.2 82.5 82.5 | 82.2
| | |
1997 | 82.5 83.1 83.5 82.7 82.8 82.8 82.5 83.3 83.5 83.5 83.9 83.6 | 83.0 82.7 83.1 83.7 | 83.1
1998 | 83.7 83.3 82.7 82.6 82.6 81.4 80.4 82.0 81.1 81.4 81.1 81.0 | 83.2 82.2 81.2 81.1 | 81.9
1999 | 80.7 80.8 80.2 79.9 80.3 79.6 79.4 79.7 79.1 80.1 80.2 80.3 | 80.5 79.9 79.4 80.2 | 80.0
2000 | 79.9 79.7 79.8 79.9 79.4 79.3 78.9 78.1 78.4 77.8 77.3 76.5 | 79.8 79.5 78.4 77.2 | 78.7
2001 | 75.9 75.5 75.2 75.1 74.5 74.0 73.9 73.4 73.2 72.6 72.5 72.6 | 75.5 74.5 73.5 72.6 | 74.0
| | |
2002 | 73.1 73.0 73.6 73.6 74.1 74.9 74.5 74.7 74.8 74.4 74.7 74.3 | 73.2 74.2 74.7 74.5 | 74.1
2003 | 74.7 74.7 74.8 74.1 74.1 74.3 74.3 74.1 74.7 74.6 75.4 75.2 | 74.7 74.1 74.3 75.0 | 74.6
2004 | 75.1 75.7 75.5 76.0 76.6 75.9 76.6 77.1 76.8 77.7 77.6 78.1 | 75.4 76.1 76.8 77.8 | 76.5
2005 | 78.6 79.2 78.8 78.8 79.1 79.0 78.8 78.8 77.7 78.7 79.2 79.0 | 78.9 79.0 78.4 79.0 | 78.8
2006 | 79.5 79.2 79.0 79.3 78.8 78.9 78.8 78.9 78.8 78.4 78.3 79.5 | 79.2 79.0 78.9 78.7 | 79.0
| | |
2007 | 79.0 79.4 79.8 80.1 80.0 80.0 80.2 79.7 79.9 79.1 79.1 79.1 | 79.4 80.0 79.9 79.1 | 79.6
2008 | 78.6 78.0 77.6 76.5 76.0 75.5 75.1 74.4 72.0 71.9 70.8 69.1 | 78.1 76.0 73.9 70.6 | 74.6
2009 | 67.3 67.3 66.1 65.7 65.2 65.2 66.3 67.3 67.9 68.0 68.8 69.0 | 66.9 65.4 67.2 68.6 | 67.0
2010 | 69.7 69.5 70.3 70.9 71.6 | 69.8 |
---------------------------------------------------------------------------------------------------------------------------------------------
Note: Estimates from January 2010 through May 2010 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.
Table 10
ANNUAL PROPORTIONS IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Item | NAICS | 2002 2003 2004 2005 2006 2007 2008 2009
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |
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 | | 58.7 57.8 56.4 56.0 55.9 54.7 55.0 56.3
Consumer goods | | 31.0 30.8 29.9 29.3 28.6 27.5 27.3 29.0
Durable | | 8.9 8.7 7.9 7.3 7.1 6.9 6.4 6.0
Automotive products | | 4.7 4.6 4.0 3.5 3.4 3.5 3.0 2.7
Home electronics | | .4 .4 .4 .4 .4 .4 .4 .3
Appliances, furniture, carpeting | | 1.4 1.3 1.3 1.3 1.2 1.1 1.0 1.0
Miscellaneous goods | | 2.4 2.3 2.2 2.2 2.2 2.0 2.0 1.9
Nondurable | | 22.1 22.2 22.0 22.0 21.5 20.6 20.9 23.0
Non-energy | | 18.2 17.9 17.1 16.5 16.2 15.6 16.3 18.1
Foods and tobacco | | 9.6 9.5 9.2 8.8 8.5 8.2 8.5 9.5
Clothing | | .8 .7 .6 .5 .4 .3 .3 .3
Chemical products | | 5.2 5.2 5.0 4.9 5.0 4.9 5.2 5.9
Paper products | | 2.1 1.9 1.8 1.7 1.7 1.7 1.8 1.8
Energy | | 3.9 4.2 4.9 5.5 5.4 5.0 4.6 4.9
| |
Business equipment | | 10.0 9.4 9.2 9.1 9.6 9.6 9.9 9.8
Transit | | 1.8 1.5 1.5 1.6 1.9 1.9 1.7 1.8
Information processing | | 3.0 2.9 2.8 2.7 2.8 2.7 2.9 2.9
Industrial and other | | 5.2 5.0 4.8 4.8 4.9 5.0 5.3 5.0
Defense and space equipment | | 1.6 1.6 1.5 1.5 1.5 1.8 1.9 2.2
| |
Construction supplies | | 4.9 4.8 4.8 4.9 5.1 4.9 4.8 4.5
Business supplies | | 10.8 10.7 10.5 10.5 10.3 10.2 10.3 10.4
| |
Materials | | 41.3 42.2 43.6 44.0 44.1 45.3 45.0 43.7
Non-energy | | 30.1 29.5 29.4 28.9 28.5 28.3 28.0 26.7
Durable | | 18.7 18.3 18.1 17.7 17.6 17.3 17.3 15.7
Consumer parts | | 4.0 3.8 3.5 3.3 3.1 2.9 2.5 2.1
Equipment parts | | 6.5 6.4 6.2 6.1 6.0 6.1 6.5 6.1
Other | | 8.2 8.1 8.3 8.3 8.5 8.4 8.3 7.5
Nondurable | | 11.4 11.2 11.3 11.2 10.9 11.0 10.7 11.1
Textile | | .8 .7 .7 .7 .6 .5 .4 .4
Paper | | 2.8 2.5 2.4 2.3 2.3 2.2 2.2 2.2
Chemical | | 4.4 4.5 5.0 5.1 4.9 5.2 4.7 5.1
Energy | | 11.2 12.7 14.2 15.2 15.6 17.0 17.0 16.9
| |
| |
INDUSTRY GROUP | |
Manufacturing | | 83.0 81.2 79.6 78.3 77.6 76.2 75.6 75.4
Manufacturing (NAICS) | 31-33 | 78.3 76.8 75.3 74.2 73.7 72.4 71.8 71.7
| |
Durable manufacturing | | 43.0 41.7 40.1 39.1 39.3 39.2 39.4 37.5
Wood products | 321 | 1.5 1.6 1.5 1.5 1.4 1.2 1.1 1.0
Nonmetallic mineral products | 327 | 2.2 2.2 2.2 2.3 2.3 2.1 2.0 1.9
Primary metal | 331 | 2.3 2.4 2.7 2.6 2.7 2.8 2.7 2.0
Fabricated metal products | 332 | 5.7 5.5 5.3 5.3 5.5 5.7 6.0 5.8
Machinery | 333 | 5.3 5.0 4.8 4.8 5.0 5.1 5.4 4.8
Computer and electronic products | 334 | 7.8 7.7 7.6 7.2 7.0 6.9 7.3 7.2
Electrical equip., appliances, | |
and components | 335 | 2.2 2.0 1.9 1.9 1.9 1.9 2.0 2.0
Motor vehicles and parts | 3361-3 | 7.4 7.2 6.3 5.8 5.5 5.1 4.2 3.5
Aerospace and miscellaneous | |
transportation equipment | 3364-9 | 3.5 3.3 3.1 3.2 3.4 4.0 4.1 4.6
Furniture and related products | 337 | 1.8 1.6 1.6 1.6 1.5 1.4 1.4 1.3
Miscellaneous | 339 | 3.3 3.3 3.1 3.1 3.1 3.0 3.2 3.5
| |
Nondurable manufacturing | | 35.3 35.1 35.2 35.2 34.3 33.2 32.4 34.2
Food, beverage, and tobacco products | 311,2 | 11.3 11.4 10.9 10.5 10.1 9.9 10.3 11.4
Textile and product mills | 313,4 | 1.4 1.2 1.2 1.2 1.0 .9 .8 .7
Apparel and leather | 315,6 | 1.0 .9 .7 .6 .6 .4 .4 .3
Paper | 322 | 3.1 2.9 2.7 2.6 2.6 2.5 2.5 2.5
Printing and support | 323 | 2.4 2.2 2.1 2.0 1.9 1.9 1.9 1.8
Petroleum and coal products | 324 | 1.8 2.2 3.2 4.0 4.0 3.4 2.4 2.4
Chemical | 325 | 10.7 10.8 11.1 11.0 10.9 11.2 11.2 12.3
Plastics and rubber products | 326 | 3.8 3.6 3.4 3.2 3.2 3.0 2.9 2.7
| |
Other manufacturing (non-NAICS) | 1133,5111 | 4.7 4.4 4.3 4.0 3.9 3.8 3.8 3.7
| |
Mining | 21 | 7.4 9.0 10.8 12.0 12.8 14.1 13.8 13.0
Utilities | 2211,2 | 9.6 9.8 9.6 9.7 9.6 9.8 10.6 11.6
Electric | 2211 | 8.2 8.2 7.9 7.9 8.0 8.1 8.9 10.0
Natural gas | 2212 | 1.4 1.6 1.7 1.8 1.6 1.6 1.7 1.6
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Note. The IP proportion data are estimates of the industries' relative contributions to the overall IP change between the reference
year and the following year. For example, a 1 percent increase in durable goods manufacturing between 2009 and 2010 would
account for a .375 percent increase in total IP.
Table 11
INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| 2007=100 | Percent change
| ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
| 2009 2010 | 2009 2010 | May '09 to
Industrial production | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[r] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[r] | May '10
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total index | 89.6 90.5 90.5 90.8 91.4 92.6 | .5 1.0 .0 .3 .6 1.3 | 8.0
Previous estimates (2002=100) | 100.2 101.3 101.3 101.6 102.3 103.5 | .7 1.1 -.1 .3 .7 1.2 | 7.6
| | |
Major market groups | | |
Final Products | 91.2 92.4 91.9 92.5 92.9 94.0 | .7 1.3 -.5 .6 .4 1.3 | 7.9
Consumer goods | 92.6 93.7 92.9 92.9 92.8 94.1 | .5 1.2 -.9 .1 -.1 1.4 | 6.8
Business equipment | 87.4 88.5 88.5 89.7 91.3 92.4 | 1.2 1.3 .0 1.3 1.8 1.3 | 10.1
Nonindustrial supplies | 83.1 83.4 82.9 82.9 83.8 85.2 | .5 .3 -.6 .0 1.1 1.7 | 4.0
Construction | 73.6 74.8 74.6 76.3 78.5 79.1 | -2.2 1.6 -.4 2.4 2.9 .7 | 5.3
Materials | 90.3 91.2 91.9 92.0 92.6 93.8 | .4 1.0 .7 .2 .7 1.3 | 9.5
| | |
Major industry groups | | |
Manufacturing (see note below) | 86.9 87.8 87.6 88.5 89.2 90.2 | .1 .9 -.2 1.1 .8 1.1 | 8.9
Previous estimates (2002=100) | 98.5 99.4 99.3 100.5 101.4 102.3 | -.1 .9 .0 1.2 .9 .9 | 7.9
| | |
Mining | 94.9 96.5 97.8 99.3 100.8 100.4 | -1.8 1.7 1.3 1.6 1.5 -.4 | 7.2
Utilities | 101.2 102.1 102.1 96.2 94.4 99.0 | 5.7 .8 .1 -5.8 -1.9 4.9 | 3.0
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | Capacity
| Percent of capacity | growth
| ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
| Average 1988- 1990- 1994- 2008- | |
| 1972- 89 91 95 09 2009 | 2009 2010 | May '09 to
Capacity utilization | 2009 high low high low May | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[r] | May '10
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| | |
Total industry | 80.6 85.2 78.7 85.1 68.2 68.3 | 71.6 72.3 72.4 72.7 73.1 74.1 | -.4
Previous estimates | 80.6 85.1 78.7 84.9 68.3 68.5 | 72.0 72.8 72.8 73.1 73.7 74.7 | -1.3
| | |
Manufacturing (see note below) | 79.2 85.6 77.2 84.6 65.4 65.4 | 69.1 69.8 69.7 70.5 71.1 71.9 | -.9
Previous estimates | 79.2 85.4 77.2 84.5 65.1 65.3 | 68.4 69.1 69.2 70.1 70.8 71.5 | -1.4
Mining | 87.4 86.4 83.6 88.9 79.6 80.3 | 80.9 82.3 83.4 84.7 86.0 85.7 | .5
Utilities | 86.7 92.9 84.3 93.3 77.6 79.1 | 81.8 82.3 82.3 77.4 75.8 79.5 | 2.5
| | |
Stage-of-process groups | | |
Crude | 86.5 87.8 84.2 90.0 78.3 78.5 | 81.4 82.6 83.4 84.4 85.4 85.1 | .0
Primary and semifinished | 81.6 86.6 77.9 87.9 65.7 65.8 | 69.1 69.7 69.9 69.5 69.9 71.7 | -.8
Finished | 77.5 83.4 77.3 80.5 67.5 67.8 | 71.2 72.0 71.5 72.2 72.6 73.1 | -.1
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
r Revised. p Preliminary.
Note. The statistics in this release cover output, capacity, and capacity utilization in the
U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
North American Industry Classification System (NAICS); electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
Logging and publishing are classified elsewhere in NAICS (under agriculture and information
respectively), but historically they were considered to be manufacturing and were included in
the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002
the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.
Explanatory Note
The Industrial Production and Capacity Utilization statistical release,
which is published around the middle of the month, reports measures of
output, capacity, and capacity utilization in manufacturing, mining, and
the electric and gas utilities industries. More detailed descriptions of
industrial production and capacity utilization are available at
www.federalreserve.gov/releases/G17 at the Board's World Wide Web
site. In addition, files containing data shown in the release, more detailed
series that were published in the G.17 prior to December 2000, and
historical data are available at the Board's Web site. Instructions for
searching for and downloading specific series are provided as well. For
paid access to the data files through the Department of Commerce's
Economic Bulletin Board or World Wide Web site, please call STAT-USA
at 1-800-STAT-USA or 202-452-1986.
Industrial Production
Coverage. The industrial production (IP) index measures the real output
of the manufacturing, mining, and electric and gas utilities industries; the
reference period for the index is 2007. Manufacturing consists of those
industries included in the North American Industry Classification System,
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 312 individual series based on the 2002 North American
Industrial Classification System (NAICS) codes. These individual series
are classified in two ways: (1) market groups, and (2) industry groups.
Market groups consist of products and materials. Total products are the
aggregate of final products, such as consumer goods and equipment, and
nonindustrial supplies (which are inputs to nonindustrial sectors).
Materials are inputs in the manufacture of products. Major industry
groups include three-digit NAICS industries and aggregates of these
industries-for example, durable and nondurable manufacturing, mining,
and utilities. A complete description of the market and industry structures,
including details regarding series classification, relative importance
weights, and data sources, is available on the Board's web site
(www.federalreserve.gov/releases/G17/About.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 computers, communications
equipment, and semiconductors. When suitable data on physical product
are not available, estimates of output are based on production-worker
hours by industry. Data on hours worked by production workers are
collected in the monthly establishment survey conducted by the Bureau of
Labor Statistics. The factors used to convert inputs into estimates of
production are based on historical relationships between the inputs and the
comprehensive annual data used to benchmark the IP indexes; these
factors also may be influenced by technological or cyclical developments.
The annual data used in benchmarking the individual IP indexes are
constructed from a variety of source data, such as the quinquennial
Censuses of Manufactures and Mineral Industries and the Annual Survey
of Manufactures, prepared by the Bureau of the Census; the Minerals
Yearbook, prepared by the United States Geological Survey of the
Department of the Interior; and publications of the Department of Energy.
Aggregation Methodology and Weights. The aggregation method for
the IP index is a version of the Fisher-ideal index formula. (For a detailed
discussion of the aggregation method, see 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 4 percent. If output in this industry increased 10 percent in a month,
then this gain would boost growth in total IP by 4/10 percentage point
(0.04 x 10% = 0.4%). To assist users with calculations, the Federal
Reserve's web site provides supplemental monthly statistics that represent
the exact proportionate contribution of a monthly change in a component
index to the monthly change in the total index (www.federalreserve.gov/
releases/G17/ipdisk/ipweights.sa.txt).
Timing. The first estimate of output for a month is published around the 15th
of the following month. The estimate is preliminary (denoted by the superscript "p" in tables)
and subject to revision in each of the subsequent five months as new source data become available.
(Revised estimates are denoted by the superscript "r" in tables.)
For the first estimate of output for a given month, about 70 percent of the source data (in value-added terms)
are available; the fraction of available source data increases to 84 percent for estimates in the second month
that the estimate is published, 93 percent in the third month, 97 percent in the fourth month,
98 percent in the fifth month, and 98 percent in the sixth month. Data availability
by data type, based on the six-month reporting window used in 2009, is summarized in the table below:
Availability of Monthly IP Data in Publication Window
(Percent of value added in 2009)
Month of estimate
Type of data 1st 2nd 3rd 4th 5th 6th
Physical product 25 39 48 52 53 53
Production-worker hours 45 45 45 45 45 45
IP data received 70 84 93 97 98 98
IP data estimated 30 16 7 3 2 2
The physical product group includes series based on either monthly or
quarterly data. As can be seen in the first line of the table, in the
first month, a physical product indicator is available for about half
of the series (in terms of value added) that ultimately are based on
physical product data (25 percent out of total of 53 percent). Of the
25 percent, about three-fourths (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 third estimate of
industrial production. Specifically, quarterly data are available for
the second estimate of the last month of a quarter, the third estimate
of the second month of a quarter, and the fourth estimate of the first
month of a quarter.
Seasonal adjustment. Individual series are seasonally adjusted using
Census X-12 ARIMA. For series based on production-worker hours, the
current seasonal factors were estimated with data through January 2010;
for other series, the factors were estimated with data through at least
January 2010. 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 0.26 percent
during the 1987-2009 period. The average revision to the percent change
in total IP, without regard to sign, from the first to the fourth estimates was
0.21 percentage point during the 1987-2009 period. In most cases (about
85 percent), the direction of change in output indicated by the first
estimate for a given month is the same as that shown by the fourth
estimate.
Rounding. The published percent changes are calculated from unrounded
indexes, and may not be the same as percent changes calculated from the
rounded indexes shown in the release.
Capacity Utilization
Overview. The Federal Reserve Board constructs estimates of capacity
and capacity utilization for industries in manufacturing, mining, and
electric and gas utilities. For a given industry, the capacity utilization rate
is equal to an output index (seasonally adjusted) divided by a capacity
index. The Federal Reserve Board's capacity indexes attempt to capture
the concept of sustainable maximum output-the greatest level of output a
plant can maintain within the framework of a realistic work schedule, after
factoring in normal downtime and assuming sufficient availability of
inputs to operate the capital in place.
Coverage. Capacity indexes are constructed for 89 detailed industries
(71 in manufacturing, 16 in mining, and 2 in utilities), which mostly
correspond to industries at the three- and four-digit NAICS level.
Estimates of capacity and utilization are available for a variety of groups,
including durable and nondurable manufacturing, total manufacturing,
mining, utilities, and total industry. Manufacturing consists of those
industries included in the North American Industry Classification System,
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 (e.g., paper,
industrial chemicals, petroleum refining, motor vehicles), as well as for
electric utilities and mining; these industries represent about 25 percent of
total industrial capacity. When physical product data are unavailable for
manufacturing industries, capacity indexes are based on responses to the
Bureau of the Census's Quarterly Survey of Plant Capacity (QSPC); these
industries account for a bit less than 70 percent of total industry capacity.
In the absence of utilization data for a few mining and petroleum series, capacity
is based on trends through peaks in production (roughly 5 percent of total
industry capacity). A detailed description of the methodology used to
construct the capacity indexes is available on the Board's web site
(www.federalreserve.gov/releases/G17/CapNotes.htm).
Aggregation Methodology. Monthly capacity aggregates are calculated
in three steps: (1) utilization aggregates are calculated on an annual basis
through the most recent full year as capacity-weighted aggregates of
individual utilization rates; (2) the annual aggregate capacity is derived
from the corresponding production and utilization aggregates; (3) the
monthly capacity aggregate is obtained by interpolating with a Fisher
index of its constituent monthly capacity series. Utilization rates for the
individual series and aggregates are calculated by dividing the pertinent
monthly production index by the related capacity index.
Consistency. A major aim is that the Federal Reserve utilization rates be
consistent over time so that, for example, a rate of 85 percent means about
the same degree of tightness that it meant in the past. A major task for the
Federal Reserve in developing reasonable and consistent time series of
capacity and utilization is dealing with inconsistencies between the
movements of the industrial production index and the survey-based
utilization rates. The McGraw-Hill/DRI Survey, now discontinued, was
the primary source of manufacturing utilization rates for many years. This
was a survey of large companies that reported, on average, higher
utilization rates than those reported by establishments covered by the 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 1972-2009 period, the average total industry
utilization rate was 80.6 percent; for manufacturing, the average factory
operating rate was 79.2 percent. Industrial plants usually operate at
capacity utilization rates that are well below 100 percent: none of the
broad aggregates has ever reached 100 percent. For total industry and
total manufacturing, utilization rates have exceeded 90 percent only in
wartime. The highs and lows in capacity utilization shown in table 11 are
specific to each series and do not all occur in the same month.
References and Release Dates
References. The annual revision published in March 2009 is described
in an article published in the Federal Reserve Bulletin and is
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.151-176.
A description of the aggregation methods for industrial production and
capacity utilization is included in an article in the Federal Reserve
Bulletin, vol. 83 (February 1997), pp. 67-92. The Federal Reserve
methodology for constructing industry-level measures of capital is detailed
in "Capital Stock Estimates for Manufacturing Industries: Methods and
Data" by Mike Mohr and Charles Gilbert (1996), which can be obtained
at: www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.
Industrial Production-1986 Edition contains a more detailed description
of the other methods used to compile the industrial production index, plus
a history of its development, a glossary of terms, and a bibliography. The
major revisions to the IP indexes and capacity utilization since 1990 have
been described in the Federal Reserve Bulletin (April 1990, June 1990,
June 1993, March 1994, January 1995, January 1996, February 1997,
February 1998, January 1999, March 2000, March 2001, March 2002,
April 2003, Winter 2004, Winter 2005).
Release Schedule
At 9:15 a.m. on
2010: January 15, February 17, March 15, April 15, May 14, June 16,
July 15, August 17, September 15, October 18, November 16, and
December 15.