FEDERAL RESERVE STATISTICAL RELEASE                                 
 
 G.17 (419)                                                          For release at 9:15 a.m. (EDT)
                                                                     May 16, 2012

 Industrial Production and Capacity Utilization


        Industrial production increased 1.1 percent in April.  Output is now reported to have fallen 0.6
 percent in March and to have moved up 0.4 percent in February; previously, industrial production was
 estimated to have been unchanged in both months.  Manufacturing output increased 0.6 percent in April after
 having decreased 0.5 percent in March.  Excluding motor vehicles and parts, which increased nearly 4
 percent, manufacturing output moved up 0.3 percent, and output for all but a few major industries
 increased.  Production at mines rose 1.6 percent, and the output of utilities gained 4.5 percent after
 unseasonably warm weather in the first quarter held down demand for heating.  At 97.4 percent of its 2007
 average, total industrial production for April was 5.2 percent above its year-earlier level.  The rate of
 capacity utilization for total industry moved up to 79.2 percent, a rate 3.1 percentage points above its
 level from a year earlier but 1.1 percentage points below its long-run (1972-2011) average.

 Market Groups
 -------------

        The production of consumer goods increased 0.8 percent in April.  The index for durable consumer
 goods rose 1.9 percent, led by a gain of 2.4 percent in automotive products.  All other major categories of
 consumer durables posted gains of more than 1 percent.  The production of nondurable consumer goods moved
 up 0.5 percent as a result of an increase of 2.5 percent in the index for consumer energy products.  The
 output of non-energy nondurable consumer goods edged down 0.1 percent as a small gain in chemical products
 was more than offset by a decrease in foods and tobacco.

        The production of business equipment moved up 1.5 percent in April after having risen 0.2 percent in
 March.  The more rapid gain in April reflected improvement for all of the major business equipment
 categories, particularly transit equipment, which posted an increase of more than 3 percent for the third
 month this year.

        The index for defense and space equipment rose 0.3 percent in April and was up 5.0 percent over the
 past 12 months.

        The production of construction supplies was unchanged in April after falling 1.6 percent in March;
 it remained more than 20 percent below its level preceding the recession.  The index for business supplies
 advanced 1.4 percent for its largest increase in more than 2 years.

        The output of materials to be further processed in the industrial sector rose 1.3 percent in April.
 The index for durable materials increased 1.0 percent after having decreased 0.5 percent in March; growth
 in this category averaged 1.4 percent per month for November through February.  Much of the increase in
 durable materials in April came from consumer parts, which advanced 2.7 percent and was boosted by an
 increase in the output of motor vehicle parts for use in newly assembled vehicles.  The production of
 equipment parts moved up 1.3 percent, and the index for other durable materials rose 0.3 percent.  The
 production of nondurable materials increased 0.3 percent, as all of its subcategories posted gains.  The
 output index for energy materials jumped 2.2 percent after four straight months of declines.

 Industry Groups
 ---------------

        Manufacturing output increased 0.6 percent in April after having decreased 0.5 percent in March.  Capacity
 utilization for manufacturing in April moved up 0.3 percentage point to 77.9 percent, a rate 14.1
 percentage points above its trough in June 2009 but still 0.9 percentage point below its long-run average.

        Within manufacturing, the output of durable goods increased 1.3 percent in April after having moved down
 0.3 percent in March.  With the exception of wood products, all major categories of durable goods rose.
 The largest gains were recorded by motor vehicles and parts, computers and electronic products, aerospace
 and miscellaneous transportation equipment, furniture and related products, and miscellaneous
 manufacturing.

        The production of nondurable goods decreased 0.2 percent in April after having fallen 0.8 percent in
 March.  Among the major components of nondurables, the most notable decrease in April was for petroleum and
 coal products, which dropped 2.6 percent.  The largest gains were posted by the indexes for textile and
 product mills, for apparel and leather, for paper, and for printing and support.

        The index for other manufacturing (non-NAICS), which consists of publishing and logging, edged down 0.1
 percent.

        Mining production increased 1.6 percent in April after having dropped 1.7 percent in March.
 Capacity utilization in mining moved up to 88.8 percent in April and was 1.5 percentage points above its
 long-run average.  The output of utilities jumped 4.5 percent after having fallen at an annual rate of
 about 12 percent in each of the previous two quarters.  After having been low from December through March,
 the operating rate for utilities climbed in April to 76.4 percent, a rate about the same as in November.

        Capacity utilization rates in April at industries grouped by stage of process were as follows:  At the
 crude stage, utilization increased 1 percentage point to 87.2 percent, a rate 0.9 percentage point above
 its long-run average; at the primary and semifinished stages, utilization increased 0.9 percentage point to
 76.5 percent, a rate 4.6 percentage points below its long-run average; and at the finished stage,
 utilization increased 0.6 percentage point, to 78.8 percent, a rate 1.6 percentage points above its
 long-run average.

 Notice
 Revision of Industrial Production and Capacity Utilization

        The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the
 related measures of capacity utilization at noon EDT on March 30, 2012.  The revised IP indexes
 incorporated detailed data from the 2010 Annual Survey of Manufactures, conducted by the U.S. Census
 Bureau.  Annual data from the U.S. Geological Survey regarding metallic and nonmetallic minerals (except
 fuels) for 2010 were also incorporated.  The update included revisions to the monthly indicator and to
 seasonal factors for each industry.  In addition, the estimation methods for some series have changed.
 Modifications to the methods for estimating the output of an industry did affect the index from 1972 to the
 present.

        Capacity and capacity utilization were revised to incorporate data through the fourth quarter of 2011 from
 the Census Bureau's Quarterly Survey of Plant Capacity, which covers manufacturing, along with new data on
 capacity from the U.S. Geological Survey, the Department of Energy, and other organizations.

        The revision is available on the Board's website at www.federalreserve.gov/releases/G17.  Further
 information on the revision can be obtained from the Board's Industrial Output Section (telephone number
 202-452-3197).

 Industrial Production and Capacity Utilization:  Summary
 Seasonally adjusted
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                             2007=100                              |                                   Percent change
                                  | ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
                                  |      2011                  2012                                   |      2011                  2012                                   |    Apr. '11 to 
 Industrial production            |   Nov.[r]    Dec.[r]    Jan.[r]    Feb.[r]    Mar.[r]    Apr.[p]  |   Nov.[r]    Dec.[r]    Jan.[r]    Feb.[r]    Mar.[r]    Apr.[p]  |      Apr. '12 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                   |                                                                   |
  Total index                     |      95.1       95.9       96.5       96.9       96.4       97.4  |        .2         .8         .6         .4        -.6        1.1  |            5.2 
     Previous estimates           |      95.1       95.9       96.6       96.6       96.6             |        .2         .9         .7         .0         .0             |                
                                  |                                                                   |                                                                   |
  Major market groups             |                                                                   |                                                                   |
  Final Products                  |      94.2       94.6       95.3       96.0       95.8       96.6  |       -.2         .4         .7         .7        -.3         .9  |            5.4 
     Consumer goods               |      92.2       92.5       92.8       93.3       92.8       93.6  |       -.7         .4         .3         .5        -.5         .8  |            3.1 
     Business equipment           |      96.5       97.4       99.3      100.6      100.9      102.4  |        .7         .9        1.9        1.4         .2        1.5  |           12.0 
  Nonindustrial supplies          |      85.1       86.1       86.4       87.5       87.0       87.8  |       -.3        1.2         .4        1.2        -.6        1.0  |            4.6 
     Construction                 |      77.9       79.8       79.9       81.6       80.3       80.3  |        .8        2.4         .2        2.1       -1.6         .0  |            6.5 
  Materials                       |      99.4      100.4      101.1      101.0      100.2      101.5  |        .7        1.0         .6        -.1        -.8        1.3  |            5.1 
                                  |                                                                   |                                                                   |
  Major industry groups           |                                                                   |                                                                   |
  Manufacturing (see note below)  |      91.5       92.8       93.8       94.5       94.1       94.6  |        .0        1.4        1.0         .8        -.5         .6  |            5.8 
     Previous estimates           |      91.5       92.8       93.8       94.6       94.4             |       -.1        1.5        1.1         .8        -.2             |                
  Mining                          |     111.8      112.3      112.6      110.4      108.5      110.2  |       1.4         .5         .2       -1.9       -1.7        1.6  |            4.9 
  Utilities                       |     100.2       96.6       94.8       95.9       96.5      100.9  |        .2       -3.6       -1.8        1.1         .7        4.5  |            1.1 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                                                                                             |    Capacity
                                  |                                                             Percent of capacity                                                             |     growth
                                  | ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
                                  |     Average       1988-       1990-       1994-                         |                                                                   |                
                                  |       1972-          89          91          95        2009       2011  |      2011                  2012                                   |    Apr. '11 to 
 Capacity utilization             |       2011         high         low        high         low       Apr.  |   Nov.[r]    Dec.[r]    Jan.[r]    Feb.[r]    Mar.[r]    Apr.[p]  |      Apr. '12 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                         |                                                                   |
  Total industry                  |       80.3        85.2        78.8        85.0        66.8        76.1  |      77.7       78.2       78.7       78.9       78.4       79.2  |            1.0 
     Previous estimates           |                                                                         |      77.7       78.3       78.7       78.7       78.6             |                
                                  |                                                                         |                                                                   |
  Manufacturing (see note below)  |       78.8        85.6        77.3        84.6        63.8        74.3  |      75.7       76.7       77.5       78.0       77.6       77.9  |             .8 
     Previous estimates           |                                                                         |      75.7       76.7       77.5       78.0       77.8             |                
  Mining                          |       87.3        86.3        83.9        88.6        78.5        86.3  |      90.4       90.8       90.9       89.1       87.5       88.8  |            1.9 
  Utilities                       |       86.3        92.9        84.3        93.3        79.1        77.4  |      76.6       73.7       72.3       72.9       73.3       76.4  |            2.4 
                                  |                                                                         |                                                                   |
  Stage-of-process groups         |                                                                         |                                                                   |
  Crude                           |       86.3        87.7        84.4        89.7        76.4        84.9  |      87.7       88.4       88.8       87.2       86.2       87.2  |            1.4 
  Primary and semifinished        |       81.1        86.5        78.0        87.9        64.2        73.6  |      74.7       75.1       75.0       75.9       75.6       76.5  |             .4 
  Finished                        |       77.2        83.4        77.3        80.6        66.8        75.3  |      76.8       77.5       78.5       78.8       78.2       78.8  |            1.9 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 r  Revised.  p  Preliminary.
 Note.  The statistics in this release cover output, capacity, and capacity utilization in the
 U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
 mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
 North American Industry Classification System (NAICS); electric and gas utilities are those in
 NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
 plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
 Logging and publishing are classified elsewhere in NAICS (under agriculture and information
 respectively), but historically they were considered to be manufacturing and were included in
 the industrial sector under the Standard Industrial Classification (SIC) system.  In December 2002
 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.
 
 
 
 Table 1
 Industrial Production: Market and Industry Group Summary
 Percent change, seasonally adjusted
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |      Fourth quarter to       |                              |                                                            |
                                                   |             |             |        fourth quarter        |         Annual rate          |                        Monthly rate                        |
                                                   |             |             |------------------------------|------------------------------|------------------------------------------------------------| Apr. '11 
                                                   |             |        2011 |                              |     2011                2012 |     2011                2012                               |     to
 Item                                              |    NAICS    |Proportion<1>|     2009      2010      2011 |       Q3     Q4[r]     Q1[r] |  Nov.[r]   Dec.[r]   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[p] |  Apr. '12 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |                              |                              |                                                            |
  Total IP                                         |             |   100.00    |     -5.7       6.3       4.0 |      5.6       5.0       5.4 |       .2        .8        .6        .4       -.6       1.1 |       5.2 
                                                   |             |             |                              |                              |                                                            |
  MARKET GROUP                                     |             |             |                              |                              |                                                            |
  Final products and nonindustrial supplies        |             |    53.84    |     -6.6       4.2       3.8 |      6.1       3.2       5.8 |      -.3        .6        .6        .9       -.4        .9 |       5.2 
     Consumer goods                                |             |    27.68    |     -3.3        .8       2.8 |      5.9        .5       1.9 |      -.7        .4        .3        .5       -.5        .8 |       3.1 
        Durable                                    |             |     6.30    |     -3.1       3.1      10.3 |     16.3      11.1      18.5 |     -1.5       1.9       3.3        .5       -.4       1.9 |      13.9 
           Automotive products                     |             |     3.50    |      7.6       1.6      16.6 |     27.8      20.5      26.8 |     -2.4       3.2       4.7        .2        .0       2.4 |      21.9 
           Home electronics                        |             |      .16    |    -16.8     -21.4       2.1 |     13.5      -6.8       1.7 |     -1.3        .3        .2        .4        .7       1.3 |       5.3 
           Appliances, furniture, carpeting        |             |      .76    |    -15.9       2.3       2.5 |      -.9       4.3      11.3 |       .1       1.6       2.2        .3      -2.2       1.3 |       3.7 
           Miscellaneous goods                     |             |     1.88    |    -10.9       9.2       3.4 |      4.7       -.8       7.7 |      -.4       -.2       1.4       1.3       -.4       1.1 |       4.4 
        Nondurable                                 |             |    21.38    |     -3.3        .1        .6 |      3.0      -2.5      -2.7 |      -.5       -.1       -.6        .4       -.5        .5 |        .0 
           Non-energy                              |             |    15.99    |     -4.2       -.6       1.0 |       .2        .8       2.9 |      -.8       1.0        .4        .2       -.6       -.1 |        .2 
              Foods and tobacco                    |             |     9.22    |     -1.2       1.3       1.2 |      1.7       1.0       5.4 |      -.6        .5       1.1        .5       -.6       -.3 |       1.1 
              Clothing                             |             |      .20    |    -27.9      10.3      -6.7 |    -12.6      -4.2      17.6 |       .5       -.5       5.0        .1      -2.2        .0 |      -2.1 
              Chemical products                    |             |     4.72    |     -7.4      -3.5       2.1 |     -1.6      -2.3      -1.7 |     -1.4       2.2       -.7       -.6       -.7        .1 |      -1.9 
              Paper products                       |             |     1.35    |     -7.1      -4.3      -3.9 |     -2.0      10.8      -2.4 |      -.3        .5      -1.1        .6       -.3        .0 |        .1 
           Energy                                  |             |     5.39    |      -.5       2.1       -.4 |     11.2     -11.4     -18.2 |       .5      -3.3      -3.6       1.3       -.4       2.5 |       -.9 
                                                   |             |             |                              |                              |                                                            |
     Business equipment                            |             |     9.57    |     -9.9      12.7       7.9 |      7.9      11.9      16.1 |       .7        .9       1.9       1.4        .2       1.5 |      12.0 
        Transit                                    |             |     2.31    |     11.5      13.2      17.5 |     16.7      27.1      23.6 |       .4       -.8       3.4       3.1        .9       3.8 |      24.8 
        Information processing                     |             |     2.22    |     -8.0       6.0       6.1 |     10.3       8.7      15.4 |       .7       1.3       2.1        .9       -.6        .8 |       9.3 
        Industrial and other                       |             |     5.04    |    -17.0      15.8       4.6 |      3.1       6.8      12.9 |       .8       1.5       1.2        .7        .3        .7 |       7.6 
     Defense and space equipment                   |             |     2.18    |     -3.2       5.0       4.1 |      2.7       8.7       5.9 |      1.3       -.6        .2       2.1       -.4        .3 |       5.0 
                                                   |             |             |                              |                              |                                                            |
     Construction supplies                         |             |     4.12    |    -17.0       9.8       4.9 |      5.6       6.0      12.1 |       .8       2.4        .2       2.1      -1.6        .0 |       6.5 
     Business supplies                             |             |     9.56    |     -6.1       2.4       1.2 |      4.6       -.9       4.6 |      -.8        .7        .4        .9       -.2       1.4 |       3.8 
                                                   |             |             |                              |                              |                                                            |
  Materials                                        |             |    46.16    |     -4.6       9.0       4.3 |      5.1       7.1       5.0 |       .7       1.0        .6       -.1       -.8       1.3 |       5.1 
     Non-energy                                    |             |    28.76    |     -6.5      10.9       3.7 |      3.1       6.2      11.4 |       .5       2.0       1.1        .4       -.6        .8 |       5.6 
        Durable                                    |             |    17.14    |    -11.2      16.4       6.6 |      4.0       7.6      15.2 |      1.2       1.8       1.5       1.0       -.5       1.0 |       8.3 
           Consumer parts                          |             |     2.45    |    -11.5      27.2       6.7 |     11.6      19.2      35.3 |      1.1       5.2       3.1        .9        .8       2.7 |      19.8 
           Equipment parts                         |             |     6.28    |     -9.5      17.5       7.9 |      4.7       4.8      12.9 |       .9       1.5       1.1        .9        .1       1.3 |       8.7 
           Other                                   |             |     8.42    |    -12.5      12.5       5.6 |      1.3       6.5      11.4 |      1.5       1.0       1.3       1.0      -1.3        .3 |       4.7 
        Nondurable                                 |             |    11.61    |       .8       3.6       -.5 |      1.8       4.1       5.9 |      -.7       2.4        .6       -.3       -.7        .3 |       1.8 
           Textile                                 |             |      .45    |     -5.1       5.2       1.2 |     -3.3       4.6      17.6 |      1.0       1.7       2.9       1.1      -2.8        .7 |       3.9 
           Paper                                   |             |     2.01    |     -4.7       -.1      -2.9 |     -5.0      -1.9       5.4 |       .5       1.3       -.3       1.3       -.6        .8 |       -.6 
           Chemical                                |             |     5.68    |      4.9       6.6       -.8 |      4.8       5.2       7.7 |     -1.2       3.9        .6      -1.1       -.4        .2 |       2.6 
     Energy                                        |             |    17.40    |     -1.7       5.7       5.3 |      8.5       8.5      -4.8 |      1.1       -.7       -.2       -.9      -1.0       2.2 |       4.2 
                                                   |             |             |                              |                              |                                                            |
                                                   |             |             |                              |                              |                                                            |
  INDUSTRY GROUP                                   |             |             |                              |                              |                                                            |
  Manufacturing                                    |             |    75.34    |     -6.5       6.5       4.2 |      5.1       5.6       9.8 |       .0       1.4       1.0        .8       -.5        .6 |       5.8 
     Manufacturing (NAICS)                         |       31-33 |    72.60    |     -6.3       7.1       4.5 |      5.2       5.4      10.0 |       .0       1.5       1.1        .8       -.5        .6 |       5.8 
                                                   |             |             |                              |                              |                                                            |
        Durable manufacturing                      |             |    37.96    |     -9.3      11.7       7.2 |      7.3       9.1      15.4 |       .5       1.4       1.8       1.2       -.3       1.3 |      10.1 
           Wood products                           |         321 |      .90    |    -12.8       5.0       2.6 |     -4.9      11.5      13.3 |       .3       1.3       3.0       -.9       -.5      -1.4 |       2.3 
           Nonmetallic mineral products            |         327 |     1.55    |    -18.1      10.5        .3 |      5.4      -6.5       7.4 |      -.7        .3        .5       2.9      -1.8        .4 |       2.6 
           Primary metals                          |         331 |     2.94    |     -2.8      11.9       8.6 |      2.7      19.1      11.8 |      3.3       2.6        .2       1.1      -2.5        .1 |       6.0 
           Fabricated metal products               |         332 |     5.41    |    -19.0      14.4       7.7 |      6.4       5.1      13.4 |      1.1       1.0       1.0       1.8       -.2        .8 |       8.7 
           Machinery                               |         333 |     5.41    |    -18.6      20.2       7.2 |      2.7       8.4      20.4 |       .8       2.7       1.5       1.4        .7        .1 |       9.8 
           Computer and electronic products        |         334 |     6.25    |     -3.1      12.2       5.6 |      7.3        .6       7.1 |       .6       1.6        .8       -.3       -.3       1.6 |       5.5 
           Electrical equip., appliances,          |             |             |                              |                              |                                                            |
              and components                       |         335 |     1.76    |    -18.1      12.5        .2 |     -4.5      10.2       9.5 |     -1.4       -.3       1.5       2.4       -.5        .7 |       4.7 
           Motor vehicles and parts                |      3361-3 |     5.33    |      2.3      15.8      14.6 |     21.8      23.9      40.3 |     -1.6       3.3       6.2        .7       1.2       3.9 |      27.1 
           Aerospace and miscellaneous             |             |             |                              |                              |                                                            |
              transportation equipment             |      3364-9 |     4.30    |      -.1       2.5      10.4 |     13.5      17.6       7.1 |      1.6       -.6       -.1       2.9       -.9       1.1 |      12.0 
           Furniture and related products          |         337 |      .98    |    -22.3       5.8       3.5 |      3.5      -2.3      16.1 |       .0        .6       2.8       1.8      -1.9       2.4 |       6.2 
           Miscellaneous                           |         339 |     3.12    |     -4.0       4.2       2.4 |      3.5       2.3       9.9 |      -.2        .0       2.3        .2        .1       1.5 |       5.8 
                                                   |             |             |                              |                              |                                                            |
        Nondurable manufacturing                   |             |    34.64    |     -2.9       2.3       1.6 |      2.9       1.5       4.3 |      -.6       1.5        .3        .4       -.8       -.2 |       1.3 
           Food, beverage, and tobacco products    |       311,2 |    11.43    |      -.5       1.0       1.7 |      1.8       2.1       4.9 |      -.6        .5       1.1        .4      -1.0       -.2 |       1.2 
           Textile and product mills               |       313,4 |      .74    |    -10.4       5.3        .8 |     -4.1       5.2       9.1 |       .8       1.5        .9        .9      -1.8        .5 |       1.9 
           Apparel and leather                     |       315,6 |      .28    |    -20.0       9.5      -2.6 |     -9.0       -.5      10.9 |       .5       -.7       3.9       -.7      -1.4        .6 |       -.4 
           Paper                                   |         322 |     2.43    |     -1.2        .3      -1.8 |     -4.5       1.6       1.5 |       .5       1.1       -.8        .7       -.5        .7 |       -.6 
           Printing and support                    |         323 |     1.43    |    -12.4       1.0      -5.9 |     -4.6      -8.1       7.2 |     -1.1       1.6       1.3        .3      -1.4        .6 |      -2.6 
           Petroleum and coal products             |         324 |     3.69    |     -2.6       2.6       7.3 |     18.4       5.1        .6 |       .3       1.1      -2.0       2.8      -1.5      -2.6 |       5.0 
           Chemicals                               |         325 |    11.53    |     -1.5       1.9        .4 |      1.9        .8       4.0 |     -1.2       2.9        .2       -.9       -.5        .3 |        .7 
           Plastics and rubber products            |         326 |     3.11    |     -8.4      10.6       6.4 |      5.8       1.0       6.4 |      -.8        .9        .5       1.3       -.6       -.4 |       3.1 
                                                   |             |             |                              |                              |                                                            |
     Other manufacturing (non-NAICS)               |   1133,5111 |     2.74    |    -11.5      -6.0      -3.1 |      3.0       9.0       3.8 |       .0       1.0       -.6        .9        .7       -.1 |       4.0 
                                                   |             |             |                              |                              |                                                            |
  Mining                                           |          21 |    14.38    |     -5.1       8.3       7.8 |      6.7      15.3      -3.3 |      1.4        .5        .2      -1.9      -1.7       1.6 |       4.9 
  Utilities                                        |      2211,2 |    10.28    |     -1.1       2.7      -2.2 |      8.2     -12.1     -12.3 |       .2      -3.6      -1.8       1.1        .7       4.5 |       1.1 
     Electric                                      |        2211 |     8.99    |     -1.4       2.6      -2.0 |      7.6     -13.1      -8.0 |      1.0      -3.3      -1.3        .9       1.6       3.0 |        .5 
     Natural gas                                   |        2212 |     1.29    |       .7       3.5      -3.3 |     12.7      -5.2     -38.0 |     -4.8      -5.6      -5.9       2.7      -6.0      17.0 |       5.1 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [r]  Revised.  [p]  Preliminary.
      <1>  The proportion data are the relative weights for the rates of change for each series in the computation of the change in total industrial production in the following year.
      Note.  Under industry groups, the figures to the right of the series descriptions are 2002 North American Industry Classification System (NAICS) codes.  The abbreviation pt
 denotes part of a NAICS code.  Additional industry detail is available on the Board's web site (www.federalreserve.gov/releases/G17).  Under market groups, in
 the products category, miscellaneous consumer nondurables, oil and gas drilling, and manufactured homes are not shown separately; in the nondurable materials
 category, containers and miscellaneous nondurable materials are not shown separately.
 
 
 
 Table 2
 Industrial Production: Special Aggregates and Selected Detail
 Percent change, seasonally adjusted
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |      Fourth quarter to       |                              |                                                            |
                                                   |             |             |        fourth quarter        |         Annual rate          |                        Monthly rate                        |
                                                   |             |             |------------------------------|------------------------------|------------------------------------------------------------| Apr. '11 
                                                   |             |        2011 |                              |     2011                2012 |     2011                2012                               |     to
 Item                                              |    NAICS    |   Proportion|     2009      2010      2011 |       Q3     Q4[r]     Q1[r] |  Nov.[r]   Dec.[r]   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[p] |  Apr. '12 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |                              |                              |                                                            |
  Total industry                                   |             |   100.00    |     -5.7       6.3       4.0 |      5.6       5.0       5.4 |       .2        .8        .6        .4       -.6       1.1 |       5.2 
                                                   |             |             |                              |                              |                                                            |
  Energy                                           |             |    26.40    |     -2.5       5.1       3.8 |      9.3       2.3      -7.3 |       .7      -1.2       -.9       -.2       -.9       2.3 |       3.2 
     Consumer products                             |             |     5.39    |      -.5       2.1       -.4 |     11.2     -11.4     -18.2 |       .5      -3.3      -3.6       1.3       -.4       2.5 |       -.9 
     Commercial products                           |             |     2.93    |     -1.4       1.9       -.4 |      6.4      -8.9      -3.9 |     -1.9      -1.4       -.5       2.0       -.8       3.4 |       2.6 
     Oil and gas well drilling                     |      213111 |      .68    |    -42.3      44.9      21.1 |     28.0      13.9       4.1 |      -.2        .5       1.0       -.5        .1      -1.5 |      11.9 
     Converted fuel                                |             |     3.98    |      -.4       3.0      -1.2 |      2.7     -10.1       2.8 |       .8      -1.6       -.5       3.1       -.1       2.6 |       2.9 
     Primary energy                                |             |    13.42    |     -2.2       6.7       7.2 |     10.3      14.6      -6.9 |      1.2       -.4       -.1      -2.1      -1.3       2.0 |       4.5 
                                                   |             |             |                              |                              |                                                            |
  Non-energy                                       |             |    73.60    |     -6.8       6.7       4.1 |      4.3       5.9      10.3 |       .0       1.5       1.2        .6       -.5        .7 |       5.9 
     Selected high-technology industries           |             |     3.38    |      -.3      12.9       1.7 |      2.9      -9.6      -3.9 |       .3       1.0       -.8      -1.5        .2       2.3 |       -.1 
        Computers and peripheral equipment         |        3341 |      .46    |    -16.6     -20.0      -2.6 |       .9     -16.8       3.1 |     -1.1       -.4        .7        .7        .9        .9 |       -.8 
        Communications equipment                   |        3342 |      .63    |     -4.4       5.2      -1.4 |     10.0       6.5       2.7 |       .2       -.4        .4        .6        .2        .2 |       4.6 
        Semiconductors and related                 |             |             |                              |                              |                                                            |
           electronic components                   |    334412-9 |     2.29    |      9.3      27.0       3.4 |      1.5     -12.0      -7.0 |       .6       1.7      -1.5      -2.5        .0       3.2 |      -1.1 
                                                   |             |             |                              |                              |                                                            |
     Excluding selected high-technology            |             |             |                              |                              |                                                            |
           industries                              |             |    70.21    |     -7.2       6.4       4.2 |      4.4       6.8      11.0 |       .0       1.6       1.3        .7       -.5        .6 |       6.2 
                                                   |             |             |                              |                              |                                                            |
        Motor vehicles and parts                   |      3361-3 |     5.33    |      2.3      15.8      14.6 |     21.8      23.9      40.3 |     -1.6       3.3       6.2        .7       1.2       3.9 |      27.1 
           Motor vehicles                          |        3361 |     2.86    |      8.9      11.7      21.3 |     35.8      26.9      47.6 |     -3.8       3.2       8.8        .5        .6       4.6 |      34.3 
           Motor vehicle parts                     |        3363 |     2.15    |     -4.5      21.4       5.0 |     10.9      18.9      33.3 |       .5       3.2       3.8        .9       2.0       3.3 |      20.1 
                                                   |             |             |                              |                              |                                                            |
        Excluding motor vehicles and parts         |             |    64.89    |     -7.8       5.6       3.4 |      3.1       5.5       8.8 |       .1       1.4        .8        .7       -.6        .3 |       4.5 
           Consumer goods                          |             |    19.10    |     -5.9        .4       1.6 |       .8       1.6       4.2 |      -.7        .9        .6        .4       -.6        .1 |       1.2 
           Business equipment                      |             |     7.84    |     -9.3      12.5       7.7 |      9.4      10.7      12.1 |       .9       1.1       1.0       1.2       -.1       1.0 |      10.3 
           Construction supplies                   |             |     4.10    |    -17.1       9.8       4.9 |      5.5       6.0      12.2 |       .8       2.4        .2       2.1      -1.6        .0 |       6.5 
           Business supplies                       |             |     6.35    |     -8.7       1.7       1.9 |      3.7       3.4       9.2 |      -.4       1.6        .9        .5        .1        .4 |       4.5 
           Materials                               |             |    25.30    |     -7.4       8.5       3.5 |      2.4       6.8      10.9 |       .4       1.9       1.1        .6       -.8        .3 |       4.9 
                                                   |             |             |                              |                              |                                                            |
  Measures excluding selected high-technology      |             |             |                              |                              |                                                            |
        industries                                 |             |             |                              |                              |                                                            |
  Total industry                                   |             |    96.62    |     -5.9       6.0       4.1 |      5.7       5.5       5.8 |       .2        .8        .7        .5       -.6       1.0 |       5.3 
     Manufacturing<1>                              |             |    71.96    |     -6.9       6.2       4.3 |      5.2       6.3      10.4 |      -.1       1.5       1.1        .9       -.5        .5 |       6.0 
        Durable                                    |             |    34.70    |    -10.4      11.6       7.7 |      7.7      11.1      17.2 |       .5       1.5       2.0       1.4       -.3       1.2 |      11.0 
                                                   |             |             |                              |                              |                                                            |
  Measures excluding motor vehicles and parts      |             |             |                              |                              |                                                            |
  Total industry                                   |             |    94.67    |     -6.1       5.8       3.5 |      4.8       4.0       3.6 |       .3        .7        .3        .4       -.7        .9 |       4.0 
     Manufacturing<1>                              |             |    70.01    |     -7.1       5.9       3.5 |      4.0       4.3       7.6 |       .1       1.3        .6        .8       -.6        .3 |       4.2 
        Durable                                    |             |    32.75    |    -10.8      11.0       6.0 |      5.2       6.8      11.5 |       .8       1.1       1.1       1.3       -.5        .8 |       7.4 
                                                   |             |             |                              |                              |                                                            |
  Measures excluding selected high-technology      |             |             |                              |                              |                                                            |
        industries and motor vehicles and parts    |             |             |                              |                              |                                                            |
  Total industry                                   |             |    91.29    |     -6.3       5.5       3.5 |      4.9       4.5       3.9 |       .3        .6        .3        .5       -.7        .9 |       4.1 
     Manufacturing<1>                              |             |    66.63    |     -7.5       5.5       3.5 |      4.0       5.0       8.2 |       .1       1.3        .7        .9       -.7        .2 |       4.4 
                                                   |             |             |                              |                              |                                                            |
  Stage-of-process components                      |             |             |                              |                              |                                                            |
        of non-energy materials,                   |             |             |                              |                              |                                                            |
        measures of the input to                   |             |             |                              |                              |                                                            |
  Finished processors                              |             |    11.19    |     -8.8      15.1       5.4 |      4.0       6.6      16.5 |       .9       2.3       1.4       1.0        .0       1.5 |       9.2 
  Primary and semifinished processors              |             |    17.57    |     -4.9       8.1       2.6 |      2.5       5.9       8.3 |       .2       1.9       1.0        .1      -1.0        .2 |       3.4 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [r]  Revised.  [p]  Preliminary.
      <1>  See note on cover page.
 
 
 
 Table 3
 Motor Vehicle Assemblies
 Millions of units, seasonally adjusted annual rate
 --------------------------------------------------------------------------------------------------------------------------------------------
                                                   |  2011 |   2011                    2012 |   2011            2012                         
 Item                                              |Average|     Q2      Q3      Q4      Q1 |   Nov.    Dec.    Jan.    Feb.    Mar.    Apr. 
 --------------------------------------------------------------------------------------------------------------------------------------------
  Total                                            |  8.66 |   8.01    8.69    9.22   10.12 |   8.97    9.41   10.15   10.13   10.07   10.67 
     Autos                                         |  2.98 |   2.77    2.93    3.40    3.86 |   3.32    3.57    3.85    3.84    3.90    4.25 
     Trucks                                        |  5.68 |   5.23    5.76    5.82    6.26 |   5.65    5.84    6.30    6.29    6.17    6.42 
        Light                                      |  5.44 |   4.99    5.51    5.55    5.98 |   5.38    5.58    6.04    6.01    5.88    6.11 
        Medium and heavy                           |   .24 |    .24     .25     .27     .28 |    .27     .26     .26     .28     .29     .31 
                                                   |       |                                |
  Memo:                                            |       |                                |
     Autos and light trucks                        |  8.41 |   7.76    8.44    8.95    9.84 |   8.70    9.14    9.89    9.85    9.78   10.36 
 --------------------------------------------------------------------------------------------------------------------------------------------
      Note.  Seasonal factors and underlying data for auto, light truck, and medium and heavy truck production are available on the Board's web site,
 www.federalreserve.gov/releases/G17/mvsf.htm
 
 
 
 Table 4
 Industrial Production Indexes: Market and Industry Group Summary
 2007 = 100, seasonally adjusted
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |        2011 |     2011                                              2012                               
 Item                                              |    NAICS    |   Proportion|     Aug.     Sept.      Oct.   Nov.[r]   Dec.[r]   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[p] 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |
  Total IP                                         |             |   100.00    |     94.2      94.4      94.9      95.1      95.9      96.5      96.9      96.4      97.4 
                                                   |             |             |
  MARKET GROUP                                     |             |             |
  Final products and nonindustrial supplies        |             |    53.84    |     91.3      91.6      92.0      91.7      92.3      92.9      93.7      93.3      94.2 
     Consumer goods                                |             |    27.68    |     92.5      92.6      92.9      92.2      92.5      92.8      93.3      92.8      93.6 
        Durable                                    |             |     6.30    |     86.8      87.6      89.5      88.1      89.9      92.8      93.3      92.9      94.7 
           Automotive products                     |             |     3.50    |     94.0      95.0      98.8      96.5      99.5     104.2     104.3     104.3     106.8 
           Home electronics                        |             |      .16    |     71.0      71.4      70.2      69.3      69.5      69.6      69.9      70.4      71.3 
           Appliances, furniture, carpeting        |             |      .76    |     67.2      66.9      67.1      67.2      68.3      69.7      69.9      68.4      69.3 
           Miscellaneous goods                     |             |     1.88    |     85.7      86.5      86.3      86.0      85.8      87.0      88.1      87.7      88.7 
        Nondurable                                 |             |    21.38    |     94.3      94.2      94.0      93.5      93.4      92.9      93.3      92.8      93.2 
           Non-energy                              |             |    15.99    |     90.8      90.9      91.2      90.5      91.3      91.7      91.9      91.4      91.2 
              Foods and tobacco                    |             |     9.22    |     96.5      96.9      97.3      96.7      97.2      98.3      98.7      98.1      97.8 
              Clothing                             |             |      .20    |     58.8      57.5      58.2      58.5      58.2      61.2      61.2      59.9      59.9 
              Chemical products                    |             |     4.72    |     86.3      85.6      85.7      84.5      86.3      85.6      85.1      84.5      84.6 
              Paper products                       |             |     1.35    |     77.0      78.2      78.9      78.6      79.0      78.1      78.6      78.4      78.4 
           Energy                                  |             |     5.39    |    106.2     105.4     103.3     103.8     100.5      96.8      98.0      97.7     100.1 
                                                   |             |             |
     Business equipment                            |             |     9.57    |     94.1      94.6      95.9      96.5      97.4      99.3     100.6     100.9     102.4 
        Transit                                    |             |     2.31    |     95.5      96.2     100.5     100.9     100.1     103.5     106.7     107.7     111.7 
        Information processing                     |             |     2.22    |     96.4      97.4      97.7      98.4      99.7     101.8     102.7     102.1     102.9 
        Industrial and other                       |             |     5.04    |     91.6      91.9      92.1      92.9      94.3      95.4      96.1      96.4      97.0 
     Defense and space equipment                   |             |     2.18    |    109.7     109.6     110.9     112.3     111.7     111.8     114.2     113.7     114.1 
                                                   |             |             |
     Construction supplies                         |             |     4.12    |     77.1      77.1      77.3      77.9      79.8      79.9      81.6      80.3      80.3 
     Business supplies                             |             |     9.56    |     89.3      89.6      89.3      88.6      89.2      89.6      90.4      90.2      91.5 
                                                   |             |             |
  Materials                                        |             |    46.16    |     97.8      98.0      98.7      99.4     100.4     101.1     101.0     100.2     101.5 
     Non-energy                                    |             |    28.76    |     91.6      92.2      92.3      92.8      94.6      95.7      96.1      95.6      96.3 
        Durable                                    |             |    17.14    |     94.5      94.7      94.9      96.1      97.8      99.3     100.2      99.8     100.8 
           Consumer parts                          |             |     2.45    |     80.4      81.3      82.4      83.2      87.5      90.2      91.0      91.8      94.2 
           Equipment parts                         |             |     6.28    |    110.2     109.7     109.7     110.8     112.5     113.7     114.7     114.9     116.3 
           Other                                   |             |     8.42    |     88.2      88.6      88.8      90.1      91.0      92.2      93.1      91.9      92.2 
        Nondurable                                 |             |    11.61    |     87.6      88.6      88.6      88.1      90.2      90.7      90.4      89.7      90.0 
           Textile                                 |             |      .45    |     78.4      79.3      79.4      80.2      81.6      83.9      84.8      82.5      83.1 
           Paper                                   |             |     2.01    |     82.2      82.3      81.7      82.1      83.1      82.9      83.9      83.4      84.1 
           Chemical                                |             |     5.68    |     86.3      88.3      87.9      86.8      90.2      90.7      89.7      89.4      89.5 
     Energy                                        |             |    17.40    |    108.0     107.4     109.2     110.5     109.8     109.6     108.5     107.4     109.7 
                                                   |             |             |
                                                   |             |             |
  INDUSTRY GROUP                                   |             |             |
  Manufacturing                                    |             |    75.34    |     90.7      91.1      91.5      91.5      92.8      93.8      94.5      94.1      94.6 
     Manufacturing (NAICS)                         |       31-33 |    72.60    |     91.6      92.0      92.5      92.5      93.8      94.8      95.6      95.1      95.7 
                                                   |             |             |
        Durable manufacturing                      |             |    37.96    |     93.1      93.5      94.3      94.8      96.1      97.8      99.0      98.7     100.0 
           Wood products                           |         321 |      .90    |     67.4      69.5      69.8      70.0      71.0      73.1      72.4      72.0      71.0 
           Nonmetallic mineral products            |         327 |     1.55    |     72.5      72.3      71.3      70.8      71.1      71.4      73.5      72.2      72.5 
           Primary metals                          |         331 |     2.94    |     95.8      96.7      97.2     100.4     103.0     103.2     104.2     101.6     101.7 
           Fabricated metal products               |         332 |     5.41    |     88.3      87.9      88.4      89.4      90.3      91.2      92.8      92.6      93.3 
           Machinery                               |         333 |     5.41    |     93.8      94.1      94.6      95.4      97.9      99.4     100.8     101.4     101.5 
           Computer and electronic products        |         334 |     6.25    |    112.6     112.4     111.3     112.0     113.7     114.7     114.3     113.9     115.7 
           Electrical equip., appliances,          |             |             |
              and components                       |         335 |     1.76    |     80.4      81.3      83.4      82.2      82.0      83.2      85.2      84.8      85.4 
           Motor vehicles and parts                |      3361-3 |     5.33    |     87.6      88.3      92.1      90.6      93.6      99.4     100.1     101.2     105.2 
           Aerospace and miscellaneous             |             |             |
              transportation equipment             |      3364-9 |     4.30    |     99.1     100.0     102.1     103.7     103.1     103.0     106.0     105.1     106.2 
           Furniture and related products          |         337 |      .98    |     68.8      68.2      67.6      67.6      68.0      69.9      71.2      69.8      71.5 
           Miscellaneous                           |         339 |     3.12    |    100.7     102.0     101.9     101.7     101.7     104.1     104.2     104.3     105.9 
                                                   |             |             |
        Nondurable manufacturing                   |             |    34.64    |     90.2      90.6      90.6      90.1      91.4      91.7      92.0      91.3      91.1 
           Food, beverage, and tobacco products    |       311,2 |    11.43    |     98.1      98.3      99.0      98.5      99.0     100.0     100.5      99.5      99.3 
           Textile and product mills               |       313,4 |      .74    |     74.5      75.0      75.3      75.9      77.0      77.7      78.4      77.0      77.4 
           Apparel and leather                     |       315,6 |      .28    |     61.0      60.1      61.1      61.4      60.9      63.3      62.9      62.0      62.4 
           Paper                                   |         322 |     2.43    |     84.5      85.1      84.8      85.2      86.1      85.4      86.0      85.6      86.2 
           Printing and support                    |         323 |     1.43    |     75.3      74.5      73.8      73.0      74.2      75.2      75.4      74.4      74.8 
           Petroleum and coal products             |         324 |     3.69    |    100.8     101.3     101.5     101.7     102.9     100.8     103.7     102.1      99.5 
           Chemicals                               |         325 |    11.53    |     86.4      87.1      86.6      85.6      88.1      88.3      87.5      87.1      87.4 
           Plastics and rubber products            |         326 |     3.11    |     90.2      90.2      90.7      90.0      90.9      91.4      92.5      92.0      91.6 
                                                   |             |             |
     Other manufacturing (non-NAICS)               |   1133,5111 |     2.74    |     71.2      71.8      72.2      72.2      72.9      72.5      73.2      73.6      73.6 
                                                   |             |             |
  Mining                                           |          21 |    14.38    |    107.9     107.8     110.2     111.8     112.3     112.6     110.4     108.5     110.2 
  Utilities                                        |      2211,2 |    10.28    |    102.3     101.2     100.0     100.2      96.6      94.8      95.9      96.5     100.9 
     Electric                                      |        2211 |     8.99    |    102.0     100.5      98.7      99.7      96.5      95.2      96.0      97.6     100.5 
     Natural gas                                   |        2212 |     1.29    |    103.6     105.1     107.7     102.5      96.7      91.0      93.5      87.9     102.8 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 r  Revised.  p  Preliminary.
      Note.  See notes to table 1.
 
 
 
 Table 5
 Industrial Production Indexes: Special Aggregates
 2007 = 100, seasonally adjusted
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |        2011 |     2011                                              2012                               
 Item                                              |    NAICS    |   Proportion|     Aug.     Sept.      Oct.   Nov.[r]   Dec.[r]   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[p] 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |             |             |
  Total industry                                   |             |   100.00    |     94.2      94.4      94.9      95.1      95.9      96.5      96.9      96.4      97.4 
                                                   |             |             |
  Energy                                           |             |    26.40    |    106.8     106.3     107.0     107.7     106.4     105.5     105.3     104.4     106.7 
     Consumer products                             |             |     5.39    |    106.2     105.4     103.3     103.8     100.5      96.8      98.0      97.7     100.1 
     Commercial products                           |             |     2.93    |    102.4     102.6     101.6      99.7      98.3      97.8      99.8      99.0     102.3 
     Oil and gas well drilling                     |      213111 |      .68    |    103.2     104.5     106.2     106.0     106.6     107.6     107.1     107.3     105.6 
     Converted fuel                                |             |     3.98    |     99.5      97.5      96.9      97.8      96.2      95.7      98.6      98.5     101.1 
     Primary energy                                |             |    13.42    |    110.7     110.6     113.2     114.6     114.2     114.0     111.7     110.2     112.5 
                                                   |             |             |
  Non-energy                                       |             |    73.60    |     90.0      90.4      91.0      91.0      92.4      93.4      94.1      93.6      94.3 
     Selected high-technology industries           |             |     3.38    |    119.2     117.4     114.6     115.0     116.1     115.2     113.5     113.7     116.3 
        Computers and peripheral equipment         |        3341 |      .46    |     77.3      76.0      74.2      73.4      73.1      73.6      74.1      74.8      75.4 
        Communications equipment                   |        3342 |      .63    |     84.5      85.4      85.7      85.9      85.6      85.9      86.4      86.6      86.8 
        Semiconductors and related                 |             |             |
           electronic components                   |    334412-9 |     2.29    |    153.0     149.6     145.0     145.9     148.4     146.2     142.6     142.6     147.1 
                                                   |             |             |
     Excluding selected high-technology            |             |             |
           industries                              |             |    70.21    |     88.5      89.0      89.6      89.7      91.1      92.2      92.9      92.4      93.0 
                                                   |             |             |
        Motor vehicles and parts                   |      3361-3 |     5.33    |     87.6      88.3      92.1      90.6      93.6      99.4     100.1     101.2     105.2 
           Motor vehicles                          |        3361 |     2.86    |     91.3      92.2      97.4      93.7      96.7     105.2     105.7     106.4     111.3 
           Motor vehicle parts                     |        3363 |     2.15    |     83.9      85.1      86.8      87.2      90.0      93.4      94.2      96.1      99.2 
                                                   |             |             |
        Excluding motor vehicles and parts         |             |    64.89    |     88.5      88.9      89.3      89.4      90.7      91.5      92.1      91.6      91.9 
           Consumer goods                          |             |    19.10    |     88.4      88.7      89.0      88.4      89.2      89.8      90.1      89.5      89.6 
           Business equipment                      |             |     7.84    |     95.1      95.8      96.6      97.5      98.6      99.6     100.8     100.7     101.7 
           Construction supplies                   |             |     4.10    |     77.0      77.0      77.2      77.8      79.7      79.8      81.5      80.2      80.2 
           Business supplies                       |             |     6.35    |     82.8      83.2      83.3      83.0      84.4      85.1      85.6      85.6      86.0 
           Materials                               |             |    25.30    |     89.0      89.7      90.0      90.4      92.1      93.0      93.6      92.8      93.1 
                                                   |             |             |
  Measures excluding selected high-technology      |             |             |
        industries                                 |             |             |
  Total industry                                   |             |    96.62    |     93.2      93.5      94.1      94.3      95.0      95.7      96.2      95.6      96.6 
     Manufacturing<1>                              |             |    71.96    |     89.2      89.7      90.3      90.2      91.6      92.6      93.4      92.9      93.4 
        Durable                                    |             |    34.70    |     90.2      90.7      91.8      92.3      93.6      95.6      96.9      96.6      97.8 
                                                   |             |             |
  Measures excluding motor vehicles and parts      |             |             |
  Total industry                                   |             |    94.67    |     94.4      94.6      94.9      95.2      95.8      96.1      96.5      95.9      96.8 
     Manufacturing<1>                              |             |    70.01    |     90.8      91.1      91.3      91.4      92.6      93.2      93.9      93.3      93.6 
        Durable                                    |             |    32.75    |     93.5      93.9      94.2      95.0      96.0      97.0      98.3      97.7      98.5 
                                                   |             |             |
  Measures excluding selected high-technology      |             |             |
        industries and motor vehicles and parts    |             |             |
  Total industry                                   |             |    91.29    |     93.4      93.6      94.1      94.3      95.0      95.3      95.7      95.1      95.9 
     Manufacturing<1>                              |             |    66.63    |     89.2      89.7      90.0      90.1      91.2      91.9      92.7      92.1      92.3 
                                                   |             |             |
  Stage-of-process components                      |             |             |
        of non-energy materials,                   |             |             |
        measures of the input to                   |             |             |
  Finished processors                              |             |    11.19    |     95.9      96.0      96.1      97.0      99.2     100.5     101.5     101.5     103.1 
  Primary and semifinished processors              |             |    17.57    |     88.9      89.7      89.9      90.1      91.7      92.6      92.7      91.8      92.0 
 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 r  Revised.  p  Preliminary.
      Note.  See notes to table 2.
      <1>  See note on cover page.
 
 
 
 Table 6
 Diffusion Indexes of Industrial Production
 Percent
 -------------------------------------------------------------------------------------------------------
 
 Year       Jan.    Feb.    Mar.    Apr.     May    June    July    Aug.   Sept.    Oct.    Nov.    Dec.
 -------------------------------------------------------------------------------------------------------
 
 One Month Earlier
  2010     64.4    56.4    65.7    67.0    66.0    52.6    61.9    52.6    52.2    55.1    52.9    60.9 
  2011     57.7    54.2    56.1    46.8    53.2    49.7    57.1    52.9    51.9    58.0    52.2    62.8 
  2012     59.9    62.8    44.6 
 
 Three Months Earlier
  2010     68.6    62.2    69.2    67.0    69.9    66.7    60.9    58.0    58.3    55.8    54.2    57.4 
  2011     62.5    62.5    61.9    51.9    54.8    53.5    56.4    51.0    57.1    55.8    59.3    65.1 
  2012     66.7    71.2    62.2 
 
 Six Months Earlier
  2010     69.6    64.1    65.7    72.1    72.4    72.1    69.9    68.6    64.1    63.5    57.1    63.8 
  2011     59.0    61.2    63.1    59.6    59.3    57.1    57.4    53.2    51.9    58.7    57.4    62.8 
  2012     66.3    70.5    64.4 
 -------------------------------------------------------------------------------------------------------
      Note:  The diffusion indexes are calculated as the percentage of series that increased over the indicated
 span (one, three, or six months) plus one-half the percentage that were unchanged.
 
 
 
 Table 7
 Capacity Utilization
 Percent of capacity, seasonally adjusted
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                  |             |             |     1972-     1994-          |                              |
                                                  |             |      2011   |     2011         95      2009|     2011                2012 |     2011                2012                               
 Item                                             |    NAICS    |   proportion|     ave.       high       low|       Q3     Q4[r]     Q1[r] |  Nov.[r]   Dec.[r]   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[p] 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                  |             |      100.00 |     80.3      85.0      66.8 |     77.1      77.8      78.7 |     77.7      78.2      78.7      78.9      78.4      79.2 
                                                  |             |             |                              |                              |
  Manufacturing<1>                                |             |       76.96 |     78.8      84.6      63.8 |     75.2      76.1      77.7 |     75.7      76.7      77.5      78.0      77.6      77.9 
     Manufacturing (NAICS)                        |       31-33 |       73.67 |     78.7      84.7      63.6 |     75.7      76.6      78.2 |     76.2      77.2      78.0      78.5      78.0      78.4 
                                                  |             |             |                              |                              |
        Durable manufacturing                     |             |       39.73 |     77.1      83.7      58.2 |     73.8      75.1      77.4 |     74.8      75.8      77.0      77.8      77.4      78.3 
           Wood products                          |         321 |        1.10 |     77.6      86.6      51.7 |     62.1      64.3      66.7 |     64.0      65.0      67.1      66.6      66.4      65.6 
           Nonmetallic mineral products           |         327 |        2.21 |     75.2      82.7      44.2 |     55.2      54.9      56.4 |     54.7      55.0      55.5      57.3      56.4      56.9 
           Primary metals                         |         331 |        3.08 |     79.2      94.1      48.6 |     72.3      75.3      77.5 |     75.5      77.4      77.5      78.4      76.4      76.6 
           Fabricated metal products              |         332 |        5.28 |     77.3      85.9      60.9 |     79.2      80.1      82.5 |     80.1      80.9      81.7      83.1      82.9      83.5 
           Machinery                              |         333 |        5.18 |     78.1      87.7      60.3 |     79.6      81.1      84.6 |     80.6      82.7      83.8      84.8      85.3      85.1 
           Computer and electronic products       |         334 |        6.22 |     78.2      84.5      68.7 |     79.8      77.9      77.5 |     77.7      78.2      78.3      77.4      76.7      77.4 
           Electrical equip., appliances,         |             |             |                              |                              |
              and components                      |         335 |        1.71 |     82.6      92.7      66.3 |     77.6      79.8      81.9 |     79.5      79.4      80.6      82.7      82.4      83.0 
           Motor vehicles and parts               |      3361-3 |        6.24 |     75.0      87.4      34.7 |     65.8      69.4      75.3 |     68.3      70.5      74.8      75.2      76.0      78.8 
           Aerospace and miscellaneous            |             |             |                              |                              |
              transportation equipment            |      3364-9 |        4.49 |     73.1      69.1      69.7 |     74.0      76.6      77.4 |     77.1      76.5      76.3      78.4      77.5      78.2 
           Furniture and related products         |         337 |        1.12 |     77.1      82.4      57.5 |     67.9      67.9      70.9 |     67.8      68.3      70.4      71.8      70.5      72.3 
           Miscellaneous                          |         339 |        3.09 |     76.1      80.6      68.2 |     77.5      77.4      78.5 |     77.3      77.1      78.7      78.6      78.4      79.3 
                                                  |             |             |                              |                              |
        Nondurable manufacturing                  |             |       33.94 |     80.9      86.1      69.3 |     78.0      78.3      79.1 |     77.7      78.9      79.1      79.4      78.7      78.6 
           Food, beverage, and tobacco products   |       311,2 |       11.05 |     81.1      86.1      75.7 |     78.6      79.0      80.0 |     78.8      79.1      80.0      80.3      79.5      79.3 
           Textile and product mills              |       313,4 |         .85 |     80.3      91.9      53.8 |     66.7      68.0      69.9 |     67.8      69.0      69.7      70.5      69.4      69.8 
           Apparel and leather                    |       315,6 |         .31 |     78.0      87.5      59.0 |     68.6      69.0      71.2 |     69.3      68.9      71.8      71.4      70.5      71.1 
           Paper                                  |         322 |        2.27 |     86.9      92.6      71.8 |     81.0      81.5      81.9 |     81.4      82.3      81.6      82.3      81.9      82.5 
           Printing and support                   |         323 |        1.70 |     81.6      84.7      60.4 |     65.1      64.2      65.8 |     63.7      64.8      65.8      66.1      65.3      65.9 
           Petroleum and coal products            |         324 |        3.32 |     85.7      90.9      76.0 |     86.1      86.3      86.2 |     86.1      86.9      85.0      87.4      86.1      84.0 
           Chemicals                              |         325 |       11.33 |     77.7      81.9      65.0 |     77.5      77.7      78.4 |     76.6      78.8      79.0      78.3      77.9      78.1 
           Plastics and rubber products           |         326 |        3.11 |     82.2      92.5      58.0 |     77.2      77.5      78.6 |     77.0      77.8      78.2      79.1      78.6      78.2 
                                                  |             |             |                              |                              |
     Other manufacturing (non-NAICS)              |   1133,5111 |        3.29 |     82.7      83.3      68.4 |     63.3      65.0      65.9 |     64.8      65.6      65.3      66.0      66.5      66.6 
                                                  |             |             |                              |                              |
  Mining                                          |          21 |       12.77 |     87.3      88.6      78.5 |     87.4      90.2      89.2 |     90.4      90.8      90.9      89.1      87.5      88.8 
  Utilities                                       |      2211,2 |       10.27 |     86.3      93.3      79.1 |     78.5      75.6      72.8 |     76.6      73.7      72.3      72.9      73.3      76.4 
                                                  |             |             |                              |                              |
  Selected high-technology industries             |             |        3.45 |     78.2      86.5      69.1 |     79.8      75.3      72.6 |     75.1      75.2      73.9      72.2      71.8      73.0 
     Computers and peripheral equipment           |        3341 |         .44 |     78.4      86.8      75.8 |     86.4      80.7      80.2 |     80.5      79.8      79.9      80.2      80.7      81.3 
     Communications equipment                     |        3342 |         .66 |     76.6      84.1      75.8 |     76.0      76.5      76.5 |     76.7      76.2      76.3      76.6      76.6      76.6 
     Semiconductors and related                   |             |             |                              |                              |
        electronic components                     |    334412-9 |        2.36 |     80.2      92.1      62.7 |     79.6      74.1      70.4 |     73.8      74.1      72.2      69.8      69.1      70.8 
                                                  |             |             |                              |                              |
  Measures excluding selected high-technology     |             |             |                              |                              |
        industries                                |             |             |                              |                              |
  Total industry                                  |             |       96.55 |     80.4      84.9      66.6 |     77.0      77.9      78.9 |     77.8      78.3      78.8      79.2      78.7      79.4 
     Manufacturing<1>                             |             |       73.50 |     78.9      84.5      63.5 |     75.0      76.1      77.9 |     75.7      76.8      77.6      78.3      77.8      78.2 
                                                  |             |             |                              |                              |
  Stage-of-process groups                         |             |             |                              |                              |
  Crude                                           |             |       16.85 |     86.3      89.7      76.4 |     85.7      87.8      87.4 |     87.7      88.4      88.8      87.2      86.2      87.2 
  Primary and semifinished                        |             |       45.82 |     81.1      87.9      64.2 |     74.6      74.7      75.5 |     74.7      75.1      75.0      75.9      75.6      76.5 
  Finished                                        |             |       37.33 |     77.2      80.6      66.8 |     76.3      77.1      78.5 |     76.8      77.5      78.5      78.8      78.2      78.8 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [r]  Revised.  [p]  Preliminary.
      <1>  See note on cover page
      Note.  See notes to table 2.
 
 
 
 Table 8
 Industrial Capacity
 Percent change
 -----------------------------------------------------------------------------------------------------------------------------------------------------
                                        |    Average annual rate     |  Fourth quarter to fourth quarter  |        Annual rate         | Monthly rate
                                        |----------------------------|------------------------------------|----------------------------|--------------
                                        |  1972-  1980-  1989-  1995-|                                    |  2011          2012        |         2012 
 Item                                   |     79     88     94  2012 |    2009     2010     2011     2012 |    Q3     Q4     Q1     Q2 |         Apr. 
 -----------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                        |   3.1    1.9    2.3    2.2 |     -.7     -1.9       .8      1.0 |   1.0    1.1    1.1    1.0 |           .1 
                                        |                            |                                    |                            |
  Manufacturing<1>                      |   3.3    2.2    2.5    2.4 |    -2.8     -2.4       .1      1.0 |    .5     .9    1.0    1.0 |           .1 
                                        |                            |                                    |                            |
  Mining                                |    .7     .1    -.7     .2 |     5.0      -.2      2.7       .9 |   2.8    1.9    1.2     .8 |           .1 
  Utilities                             |   4.2    2.1    1.8    2.3 |     1.2      4.5      3.2      2.4 |   2.7    2.2    2.1    2.3 |           .2 
                                        |                            |                                    |                            |
                                        |                            |                                    |                            |
  Selected high-technology industries   |  19.6   17.3   15.6   19.1 |     3.0       .3     10.4      7.3 |  13.7   13.7   11.2    7.8 |           .6 
  Manufacturing<1> ex. selected         |                            |                                    |                            |
        high-technology industries      |   2.6    1.3    1.6     .9 |    -3.1     -2.6      -.4       .7 |   -.1     .3     .5     .7 |           .1 
                                        |                            |                                    |                            |
  Stage-of-process groups               |                            |                                    |                            |
  Crude                                 |   1.6     .4    -.5     .4 |     3.1      -.4      2.0       .9 |   2.0    1.4     .9     .7 |           .1 
  Primary and semifinished              |   3.0    1.4    2.5    2.7 |    -1.0     -1.2       .3       .2 |    .5     .5     .4     .2 |           .0 
  Finished                              |   3.9    3.3    2.7    2.2 |    -3.5     -2.3       .9      2.3 |   1.4    1.9    2.3    2.4 |           .2 
 -----------------------------------------------------------------------------------------------------------------------------------------------------
      <1>  Refer to note on cover page.
 
 
 
 Table 9
 Gross Value of Final Products and Nonindustrial Supplies
 Billions of 2005 dollars at annual rate, seasonally adjusted
 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      |            |            |       2011                    2012 |       2011                    2012                                     
 Item                                 |    2005    |       2011 |         Q3       Q4[r]       Q1[r] |    Nov.[r]     Dec.[r]     Jan.[r]     Feb.[r]     Mar.[r]     Apr.[p] 
 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                      |            |            |                                    |
  Final products and nonindustrial    |            |            |                                    |
        supplies                      |    3,332.3 |    3,218.2 |    3,247.5     3,275.9     3,313.2 |    3,266.7     3,285.5     3,294.9     3,331.2     3,313.4     3,334.1 
                                      |            |            |                                    |
     Final products                   |    2,474.8 |    2,468.3 |    2,489.9     2,518.8     2,545.7 |    2,516.2     2,523.8     2,531.2     2,558.1     2,547.7     2,562.2 
                                      |            |            |                                    |
        Consumer goods                |    1,834.1 |    1,777.6 |    1,796.6     1,805.5     1,809.1 |    1,802.6     1,806.7     1,802.7     1,818.1     1,806.7     1,811.3 
           Durable                    |      495.3 |      433.1 |      438.1       454.1       476.0 |      448.3       459.0       475.1       477.1       475.7       485.7 
              Automotive products     |      288.4 |      277.5 |      281.9       297.7       316.9 |      292.4       302.4       316.5       317.0       317.1       325.5 
              Other durable goods     |      206.9 |      156.1 |      156.7       156.9       159.8 |      156.5       157.2       159.4       160.8       159.3       161.0 
           Nondurable                 |    1,338.8 |    1,339.8 |    1,353.6     1,349.1     1,334.7 |    1,351.0     1,346.2     1,329.3     1,342.3     1,332.6     1,328.8 
                                      |            |            |                                    |
        Equipment, total              |      640.8 |      692.5 |      694.7       716.8       742.7 |      717.3       721.0       734.0       746.3       747.9       758.8 
           Business and defense       |      617.4 |      670.7 |      672.1       692.9       718.8 |      693.1       697.2       709.9       722.4       724.1       735.7 
              Business                |      537.5 |      566.5 |      568.0       587.0       611.7 |      586.5       591.3       604.2       614.4       616.6       627.9 
              Defense and space       |       79.9 |      102.9 |      102.8       104.8       106.2 |      105.4       104.8       104.9       107.1       106.7       107.1 
                                      |            |            |                                    |
     Nonindustrial supplies           |      857.4 |      753.1 |      760.6       760.5       770.9 |      754.1       765.1       767.0       776.4       769.2       775.4 
        Construction supplies         |      270.0 |      212.5 |      214.1       218.4       225.5 |      216.6       222.6       223.5       228.4       224.5       224.1 
        Business supplies             |      587.4 |      540.6 |      546.6       542.2       545.5 |      537.6       542.7       543.6       548.1       544.9       551.5 
           Commercial energy products |      210.9 |      212.3 |      217.0       210.7       208.3 |      208.3       208.1       206.9       210.4       207.5       212.0 
 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [r]  Revised.  [p]  Preliminary.
 
 
 
 Table 10
 Gross-Value-Weighted Industrial Production:  Stage-of-Process Groups
 Percent change, seasonally adjusted
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             |                  |      Fourth quarter to       |                              |                                                            |
                                                             |                  |        fourth quarter        |         Annual rate          |                        Monthly rate                        |
                                                             |                  |------------------------------|------------------------------|------------------------------------------------------------| Apr. '11 
                                                             |             2011 |                              |     2011                2012 |     2011                2012                               |     to
 Item                                                        |    gross value<1>|     2009      2010      2011 |       Q3     Q4[r]     Q1[r] |  Nov.[r]   Dec.[r]   Jan.[r]   Feb.[r]   Mar.[r]   Apr.[p] |  Apr. '12 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             |                  |                              |                              |                                                            |
  Finished                                                   |        1921.3    |     -4.9       4.8       6.8 |      7.4       8.8      11.2 |      -.5       1.2       1.7        .7       -.2       1.0 |       8.4 
  Semifinished                                               |        1627.7    |     -8.4       9.0       3.2 |      3.5       1.9      10.2 |       .4        .6        .9       1.4       -.1       1.1 |       6.0 
  Primary                                                    |        1331.9    |     -3.5       4.4       2.4 |      8.9        .6      -2.1 |       .4        .5      -1.6       1.7      -1.6       -.1 |       1.6 
  Crude                                                      |         653.8    |      1.2       6.6       2.6 |      4.8       9.3        .4 |       .3       1.5        .6      -1.9       -.8        .9 |       3.1 
                                                             |                  |                              |                              |                                                            |
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 [r]  Revised.  [p]  Preliminary.
      <1>  Billions of 2005 dollars.
 
 
 
 Table 11
 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry
 Seasonally adjusted
 
 
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Year            |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|  Annual
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change) <1>     |                                                                                    |                            |
  1990           |   -.6     .9     .5    -.1     .2     .3    -.1     .2     .2    -.8   -1.2    -.7 |   2.8    3.0    1.7   -6.2 |    1.0 
  1991           |   -.4    -.6    -.5     .2    1.0    1.0     .0     .1     .9    -.2    -.1    -.3 |  -7.4    2.5    5.5     .8 |   -1.5 
  1992           |   -.6     .8     .8     .7     .4     .0     .9    -.5     .2     .8     .4     .0 |   -.5    7.3    2.9    4.1 |    2.8 
  1993           |    .5     .4     .0     .3    -.4     .2     .3     .0     .5     .7     .4     .5 |   3.5    1.1    2.0    6.1 |    3.3 
                 |                                                                                    |                            |
  1994           |    .4     .0    1.0     .5     .6     .7     .2     .6     .2     .8     .6    1.1 |   5.1    7.5    5.1    8.1 |    5.3 
  1995           |    .3     .0     .2    -.1     .2     .3    -.4    1.3     .4    -.2     .2     .3 |   5.0    1.2    3.8    3.2 |    4.7 
  1996           |   -.7    1.6    -.1     .9     .7     .9    -.1     .6     .5     .0     .8     .6 |   2.6    8.7    5.5    5.3 |    4.4 
  1997           |    .1    1.2     .8     .0     .7     .5     .6    1.3     .9     .7     .9     .4 |   7.7    6.5    9.8   10.1 |    7.2 
  1998           |    .5     .1     .1     .4     .7    -.6    -.4    2.1    -.3     .8    -.1     .3 |   4.4    2.9    2.9    5.4 |    5.8 
                 |                                                                                    |                            |
  1999           |    .4     .4     .2     .2     .7    -.2     .7     .4    -.3    1.3     .5     .8 |   4.1    3.9    4.0    7.5 |    4.3 
  2000           |    .1     .4     .4     .6     .1     .1    -.2    -.3     .5    -.4     .0    -.3 |   4.7    4.6    -.6   -1.3 |    4.0 
  2001           |   -.7    -.6    -.3    -.3    -.7    -.6    -.5    -.3    -.3    -.5    -.5     .0 |  -5.6   -5.3   -5.5   -4.6 |   -3.4 
  2002           |    .6     .0     .8     .4     .6     .9    -.3     .2     .1    -.4     .5    -.5 |   2.7    6.5    2.4    -.4 |     .2 
  2003           |    .8     .4    -.2    -.8     .0     .0     .3    -.1     .6    -.1     .8     .0 |   3.2   -3.2    1.9    3.3 |    1.2 
                 |                                                                                    |                            |
  2004           |    .3     .6    -.6     .4     .7    -.9     .7     .3     .0    1.0     .2     .7 |   2.8    1.7    2.2    5.8 |    2.3 
  2005           |    .5     .6    -.1     .0     .2     .4    -.1     .1   -2.0    1.3     .9     .6 |   5.9    1.8   -1.6    3.2 |    3.3 
  2006           |    .1     .1     .2     .5    -.2     .4     .1     .2    -.2    -.1    -.1    1.0 |   4.0    2.5    1.5     .6 |    2.2 
  2007           |   -.4    1.2     .0     .8    -.1     .0     .1     .0     .5    -.6     .5     .1 |   4.1    4.6    1.0     .6 |    2.5 
  2008           |   -.3    -.2    -.4    -.8    -.5    -.3    -.5   -1.7   -4.1     .8   -1.2   -2.7 |  -1.2   -5.9  -12.5  -15.9 |   -3.5 
                 |                                                                                    |                            |
  2009           |  -2.2    -.6   -1.7    -.9   -1.1    -.4    1.0    1.0     .6     .2     .4     .5 | -19.6  -11.4    5.0    5.6 |  -11.4 
  2010           |   1.0     .4     .6     .4    1.6     .2     .7     .2     .4    -.4     .3    1.1 |   7.9    8.6    6.6    2.2 |    5.4 
  2011           |    .1    -.2     .8    -.5     .3     .1     .9     .3     .2     .6     .2     .8 |   4.4    1.2    5.6    5.0 |    4.1 
  2012           |    .6     .4    -.6    1.1                                                         |   5.4                      |        
                 |                                                                                    |                            |
 IP              |                                                                                    |                            |
 (2007=100)      |                                                                                    |                            |
  2010           |  87.4   87.8   88.3   88.7   90.1   90.2   90.9   91.1   91.4   91.1   91.4   92.4 |  87.8   89.7   91.1   91.6 |   90.1 
  2011           |  92.5   92.3   93.1   92.6   92.9   93.1   93.9   94.2   94.4   94.9   95.1   95.9 |  92.6   92.9   94.2   95.3 |   93.7 
  2012           |  96.5   96.9   96.4   97.4                                                         |  96.6                      |        
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2007 output)    |                                                                                    |                            |
  2010           | 123.4  123.1  122.8  122.6  122.3  122.1  121.9  121.8  121.6  121.6  121.5  121.5 | 123.1  122.3  121.8  121.5 |  122.2 
  2011           | 121.5  121.6  121.6  121.7  121.8  121.9  122.0  122.1  122.2  122.3  122.5  122.6 | 121.6  121.8  122.1  122.5 |  122.0 
  2012           | 122.7  122.8  122.9  123.0                                                         | 122.8                      |        
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1990           |  82.5   83.0   83.3   83.0   83.0   83.1   82.9   82.9   83.0   82.2   81.1   80.4 |  82.9   83.0   82.9   81.2 |   82.5 
  1991           |  79.9   79.3   78.8   78.8   79.5   80.2   80.1   80.1   80.7   80.5   80.3   79.9 |  79.3   79.5   80.3   80.2 |   79.8 
  1992           |  79.3   79.8   80.3   80.7   80.8   80.7   81.2   80.6   80.6   81.0   81.2   81.0 |  79.8   80.7   80.8   81.1 |   80.6 
  1993           |  81.3   81.4   81.3   81.4   81.0   81.1   81.2   81.1   81.4   81.8   82.0   82.3 |  81.3   81.2   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   85.0 |  82.6   83.5   83.7   84.6 |   83.6 
  1995           |  85.0   84.6   84.5   84.1   84.0   84.0   83.4   84.1   84.1   83.6   83.5   83.4 |  84.7   84.0   83.9   83.5 |   84.0 
  1996           |  82.5   83.5   83.0   83.4   83.6   84.0   83.5   83.6   83.7   83.3   83.6   83.7 |  83.0   83.6   83.6   83.5 |   83.4 
  1997           |  83.4   83.9   84.2   83.8   83.9   83.8   83.9   84.5   84.7   84.7   84.9   84.7 |  83.8   83.8   84.3   84.8 |   84.2 
  1998           |  84.5   84.0   83.5   83.3   83.3   82.4   81.5   82.8   82.1   82.4   81.9   81.8 |  84.0   83.0   82.2   82.0 |   82.8 
                 |                                                                                    |                            |
  1999           |  81.8   81.8   81.6   81.5   81.8   81.4   81.6   81.7   81.1   81.9   82.0   82.3 |  81.8   81.6   81.5   82.0 |   81.7 
  2000           |  82.1   82.1   82.2   82.4   82.2   82.0   81.6   81.1   81.2   80.6   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   75.2   74.8   74.2   73.7   73.6 |  78.5   76.8   75.2   73.8 |   76.1 
  2002           |  73.9   73.8   74.2   74.5   74.8   75.5   75.2   75.3   75.4   75.1   75.5   75.2 |  74.0   74.9   75.3   75.3 |   74.9 
  2003           |  75.8   76.1   76.0   75.4   75.5   75.5   75.8   75.7   76.2   76.2   76.8   76.8 |  76.0   75.5   75.9   76.6 |   76.0 
                 |                                                                                    |                            |
  2004           |  77.0   77.4   77.0   77.3   77.9   77.2   77.8   78.0   78.0   78.7   78.9   79.4 |  77.1   77.5   77.9   79.0 |   77.9 
  2005           |  79.7   80.2   80.1   80.0   80.1   80.3   80.1   80.1   78.4   79.3   79.9   80.3 |  80.0   80.1   79.5   79.9 |   79.9 
  2006           |  80.3   80.3   80.4   80.6   80.4   80.5   80.5   80.5   80.2   79.9   79.7   80.3 |  80.3   80.5   80.4   80.0 |   80.3 
  2007           |  79.8   80.5   80.3   80.8   80.6   80.4   80.4   80.3   80.6   80.1   80.5   80.6 |  80.2   80.6   80.4   80.4 |   80.4 
  2008           |  80.4   80.3   80.1   79.5   79.1   78.9   78.6   77.2   74.0   74.6   73.6   71.6 |  80.3   79.2   76.6   73.2 |   77.3 
                 |                                                                                    |                            |
  2009           |  69.9   69.5   68.3   67.7   67.1   66.8   67.5   68.3   68.9   69.1   69.5   70.0 |  69.3   67.2   68.2   69.5 |   68.6 
  2010           |  70.8   71.3   71.9   72.4   73.7   73.9   74.5   74.8   75.2   74.9   75.2   76.0 |  71.4   73.3   74.8   75.4 |   73.7 
  2011           |  76.1   75.9   76.5   76.1   76.3   76.3   77.0   77.1   77.2   77.6   77.7   78.2 |  76.2   76.3   77.1   77.8 |   76.8 
  2012           |  78.7   78.9   78.4   79.2                                                         |  78.7                      |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <1> Quarterly percent changes are at annual rates.  Annual percentage changes are calculated from annual averages.
 
 
 
 Table 12
 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1>
 Seasonally adjusted
 
 
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Year            |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|  Annual
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change) <2>     |                                                                                    |                            |
  1990           |   -.1    1.4     .5    -.3     .2     .3    -.1     .3     .0    -.8   -1.1    -.8 |   4.3    2.9    1.1   -6.8 |     .8 
  1991           |   -.8    -.6    -.7     .3     .8    1.1     .2     .2    1.1    -.2    -.2    -.1 |  -8.8    1.9    7.2    1.5 |   -2.0 
  1992           |   -.6     .9    1.0     .6     .6     .3     .9    -.4     .0     .6     .4    -.2 |    .5    8.3    4.0    2.9 |    3.6 
  1993           |   1.0     .2    -.2     .5    -.1    -.1     .3    -.1     .6     .8     .4     .5 |   4.4    1.5    1.2    6.9 |    3.5 
                 |                                                                                    |                            |
  1994           |    .2     .1    1.3     .8     .7     .3     .4     .8     .3    1.0     .8    1.1 |   5.0    9.5    6.0    9.9 |    5.9 
  1995           |    .3    -.1     .3    -.2     .1     .5    -.6    1.2     .9    -.1     .0     .3 |   5.3     .6    3.2    4.0 |    5.2 
  1996           |   -.8    1.6    -.2    1.1     .7    1.1     .3     .6     .6    -.1     .8     .9 |   1.8    9.9    8.0    5.5 |    4.8 
  1997           |    .0    1.4    1.2    -.2     .9     .7     .5    1.6     .9     .6    1.1     .5 |   9.1    7.6   10.9   10.9 |    8.4 
  1998           |    .8     .1    -.1     .5     .6    -.7    -.5    2.5    -.4    1.0     .2     .5 |   6.0    2.4    3.3    7.5 |    6.6 
                 |                                                                                    |                            |
  1999           |    .3     .7     .0     .4     .9    -.3     .5     .7    -.3    1.5     .6     .7 |   4.7    4.5    3.7    9.0 |    5.0 
  2000           |    .2     .3     .7     .6    -.2     .2     .0    -.6     .5    -.4    -.3    -.6 |   5.3    4.3    -.8   -2.9 |    4.2 
  2001           |   -.6    -.6    -.3    -.2    -.8    -.7    -.4    -.6    -.2    -.7    -.3     .3 |  -6.5   -5.5   -6.0   -4.3 |   -4.1 
  2002           |    .5     .0     .7     .1     .7    1.1    -.5     .4     .1    -.4     .5    -.5 |   3.2    5.9    3.1    -.5 |     .3 
  2003           |    .6     .2     .2   -1.0     .1     .4     .0    -.3     .7    -.1    1.0    -.2 |   2.5   -2.3    1.4    3.7 |    1.2 
                 |                                                                                    |                            |
  2004           |    .0     .7    -.3     .4     .7    -.8     .8     .7    -.1    1.1    -.1     .7 |   2.6    2.9    3.8    5.6 |    2.7 
  2005           |    .8     .8    -.5     .2     .4     .1    -.1     .3   -1.1    1.5     .7     .1 |   6.5    2.0    -.3    5.6 |    4.0 
  2006           |    .9    -.1    -.1     .6    -.5     .3    -.1     .4     .1    -.4     .0    1.6 |   4.1    1.1     .7    1.1 |    2.5 
  2007           |   -.5     .6     .6     .8    -.2     .3     .2    -.5     .5    -.5     .4     .3 |   4.7    5.3     .8     .4 |    2.7 
  2008           |   -.4    -.4    -.4   -1.1    -.6    -.6   -1.1   -1.4   -3.4    -.7   -2.3   -3.3 |  -2.2   -8.2  -14.0  -21.6 |   -4.8 
                 |                                                                                    |                            |
  2009           |  -2.9     .0   -2.1    -.8   -1.2    -.3    1.2    1.0     .7    -.1     .9     .1 | -23.3  -11.6    6.4    5.8 |  -13.8 
  2010           |    .9     .1    1.1    1.0    1.4     .0     .8     .0     .2     .1     .2    1.0 |   7.1   11.2    5.2    2.6 |    5.7 
  2011           |    .4     .2     .6    -.6     .2     .0     .8     .3     .4     .5     .0    1.4 |   6.0     .2    5.1    5.6 |    4.3 
  2012           |   1.0     .8    -.5     .6                                                         |   9.8                      |        
                 |                                                                                    |                            |
 IP              |                                                                                    |                            |
 (2007 = 100)    |                                                                                    |                            |
  2010           |  83.9   84.0   84.9   85.8   87.0   87.0   87.6   87.6   87.8   87.9   88.0   88.9 |  84.3   86.6   87.7   88.2 |   86.7 
  2011           |  89.2   89.4   90.0   89.5   89.7   89.7   90.4   90.7   91.1   91.5   91.5   92.8 |  89.6   89.6   90.7   92.0 |   90.4 
  2012           |  93.8   94.5   94.1   94.6                                                         |  94.1                      |        
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2007 output)    |                                                                                    |                            |
  2010           | 123.1  122.8  122.5  122.3  122.0  121.7  121.5  121.3  121.1  120.9  120.8  120.6 | 122.8  122.0  121.3  120.8 |  121.7 
  2011           | 120.6  120.5  120.5  120.5  120.5  120.5  120.6  120.6  120.7  120.8  120.9  121.0 | 120.5  120.5  120.6  120.9 |  120.6 
  2012           | 121.1  121.2  121.3  121.4                                                         | 121.2                      |        
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1990           |  81.6   82.5   82.7   82.3   82.3   82.3   82.1   82.1   81.9   81.1   80.0   79.3 |  82.3   82.3   82.0   80.1 |   81.7 
  1991           |  78.5   77.9   77.3   77.4   77.8   78.6   78.7   78.8   79.5   79.3   79.0   78.8 |  77.9   77.9   79.0   79.0 |   78.5 
  1992           |  78.2   78.7   79.3   79.6   79.9   79.9   80.4   79.9   79.7   80.0   80.1   79.8 |  78.8   79.8   80.0   79.9 |   79.6 
  1993           |  80.4   80.4   80.1   80.4   80.2   80.0   80.1   79.9   80.2   80.8   81.0   81.2 |  80.3   80.2   80.1   81.0 |   80.4 
                 |                                                                                    |                            |
  1994           |  81.2   81.1   82.0   82.4   82.8   82.8   82.8   83.2   83.2   83.7   84.0   84.6 |  81.5   82.7   83.1   84.1 |   82.8 
  1995           |  84.6   84.1   84.0   83.5   83.2   83.3   82.4   83.0   83.3   82.8   82.5   82.3 |  84.2   83.3   82.9   82.5 |   83.2 
  1996           |  81.3   82.2   81.6   82.0   82.2   82.7   82.5   82.6   82.7   82.1   82.3   82.6 |  81.7   82.3   82.6   82.3 |   82.2 
  1997           |  82.1   82.8   83.3   82.6   82.9   82.9   82.8   83.5   83.7   83.6   83.9   83.6 |  82.8   82.8   83.3   83.7 |   83.1 
  1998           |  83.7   83.1   82.4   82.2   82.1   80.9   80.0   81.6   80.8   81.1   80.8   80.8 |  83.0   81.7   80.8   80.9 |   81.6 
                 |                                                                                    |                            |
  1999           |  80.6   80.8   80.4   80.3   80.7   80.1   80.1   80.3   79.7   80.6   80.7   80.9 |  80.6   80.4   80.1   80.7 |   80.4 
  2000           |  80.8   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 |   79.8 
  2001           |  76.7   76.0   75.5   75.1   74.3   73.7   73.2   72.7   72.4   71.8   71.5   71.6 |  76.1   74.4   72.8   71.6 |   73.7 
  2002           |  71.9   71.8   72.3   72.3   72.8   73.6   73.3   73.5   73.6   73.3   73.6   73.2 |  72.0   72.9   73.5   73.4 |   72.9 
  2003           |  73.7   73.9   74.0   73.3   73.4   73.7   73.8   73.6   74.1   74.1   74.9   74.8 |  73.9   73.5   73.8   74.6 |   73.9 
                 |                                                                                    |                            |
  2004           |  74.8   75.4   75.2   75.6   76.1   75.5   76.1   76.6   76.5   77.3   77.1   77.6 |  75.1   75.7   76.4   77.3 |   76.2 
  2005           |  78.1   78.6   78.1   78.2   78.3   78.3   78.0   78.1   77.1   78.1   78.6   78.5 |  78.3   78.2   77.7   78.4 |   78.2 
  2006           |  79.1   78.8   78.6   79.0   78.5   78.6   78.4   78.5   78.4   78.0   77.8   78.8 |  78.8   78.7   78.5   78.2 |   78.5 
  2007           |  78.3   78.5   78.8   79.2   78.8   78.8   78.8   78.2   78.5   78.0   78.2   78.4 |  78.5   78.9   78.5   78.2 |   78.5 
  2008           |  78.0   77.6   77.4   76.5   76.2   75.8   75.1   74.1   71.7   71.4   69.9   67.7 |  77.7   76.2   73.6   69.7 |   74.3 
                 |                                                                                    |                            |
  2009           |  65.9   66.0   64.8   64.5   63.9   63.8   64.8   65.6   66.2   66.4   67.2   67.4 |  65.6   64.1   65.5   67.0 |   65.5 
  2010           |  68.2   68.4   69.3   70.2   71.3   71.4   72.1   72.3   72.5   72.7   72.9   73.7 |  68.6   71.0   72.3   73.1 |   71.2 
  2011           |  74.0   74.2   74.7   74.3   74.4   74.4   75.0   75.2   75.5   75.8   75.7   76.7 |  74.3   74.4   75.2   76.1 |   75.0 
  2012           |  77.5   78.0   77.6   77.9                                                         |  77.7                      |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <1>  See note on cover page.
      <2>  Quarterly percent changes are at annual rates.  Annual percentage changes are calculated from annual averages.
 
 
 
 Table 13
 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Excluding Selected High-Technology Industries
 Seasonally adjusted
 
 
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Year            |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|  Annual
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change) <1>     |                                                                                    |                            |
  1990           |   -.7     .9     .5    -.2     .1     .3    -.1     .2     .2    -.8   -1.3    -.8 |   2.2    2.5    1.3   -6.8 |     .3 
  1991           |   -.4    -.8    -.6     .2    1.0    1.0     .0     .1     .9    -.2    -.2    -.5 |  -8.0    2.0    5.3     .3 |   -2.0 
  1992           |   -.8     .7     .8     .6     .3    -.1     .8    -.6     .1     .6     .3     .0 |  -1.9    6.2    1.8    2.9 |    1.9 
  1993           |    .5     .3    -.1     .3    -.4     .2     .3    -.1     .4     .6     .3     .5 |   3.1     .3    1.4    5.1 |    2.5 
                 |                                                                                    |                            |
  1994           |    .4     .0     .9     .3     .4     .6     .0     .4     .0     .6     .4     .9 |   4.5    5.4    3.2    5.7 |    4.0 
  1995           |    .1    -.2    -.1    -.3     .1     .2    -.5    1.1     .1    -.5     .1     .1 |   2.9   -1.2    1.5     .2 |    2.5 
  1996           |  -1.0    1.3    -.3     .8     .5     .7    -.5     .4     .3    -.3     .8     .5 |   -.3    6.5    2.1    3.0 |    1.7 
  1997           |   -.1     .9     .5    -.3     .3     .2     .3    1.0     .7     .6     .6     .1 |   5.1    2.4    6.3    7.7 |    4.2 
  1998           |    .2     .0     .0     .1     .6    -.9    -.8    2.0    -.7     .6    -.3     .1 |   1.9     .7    -.3    2.3 |    3.1 
                 |                                                                                    |                            |
  1999           |    .2     .1    -.1    -.1     .6    -.5     .3     .4    -.4    1.2     .2     .5 |    .7     .3    1.1    5.5 |    1.1 
  2000           |   -.3     .0     .1     .4    -.2    -.1    -.5    -.4     .4    -.5    -.2    -.5 |    .6    1.5   -3.0   -2.7 |    1.0 
  2001           |   -.7    -.5    -.3    -.2    -.7    -.5    -.3    -.2    -.4    -.5    -.5    -.1 |  -5.9   -4.5   -4.3   -4.6 |   -4.0 
  2002           |    .7    -.1     .8     .4     .5     .9    -.4     .1     .0    -.4     .4    -.6 |   2.8    6.3    1.7   -1.0 |     .3 
  2003           |    .7     .2    -.3    -.9    -.1    -.1     .2    -.1     .6    -.2     .7    -.1 |   1.8   -4.6     .8    2.5 |     .2 
                 |                                                                                    |                            |
  2004           |    .2     .6    -.6     .5     .8    -.9     .7     .2    -.1    1.0     .2     .7 |   2.2    1.9    1.7    5.3 |    1.7 
  2005           |    .4     .6    -.1     .0     .1     .3    -.3     .0   -2.3    1.2    1.0     .6 |   5.2    1.0   -3.0    2.0 |    2.5 
  2006           |    .1     .0     .2     .4    -.3     .3     .1     .1    -.2    -.1    -.2    1.0 |   3.6    1.8     .9     .0 |    1.4 
  2007           |   -.5    1.1    -.2     .6     .0     .1     .1     .0     .4    -.8     .3     .0 |   3.3    3.7    1.0   -1.1 |    1.8 
  2008           |   -.4    -.3    -.5    -.8    -.6    -.3    -.4   -1.7   -4.2    1.1   -1.0   -2.6 |  -2.2   -6.6  -12.5  -14.7 |   -4.2 
                 |                                                                                    |                            |
  2009           |  -2.2    -.6   -1.8   -1.0   -1.1    -.5     .9    1.1     .6     .2     .3     .4 | -19.1  -12.2    4.7    5.3 |  -11.3 
  2010           |   1.0     .3     .6     .4    1.6     .2     .7     .2     .4    -.4     .2    1.0 |   7.3    8.2    6.8    2.0 |    5.0 
  2011           |    .0    -.2     .9    -.5     .3     .1    1.0     .2     .3     .7     .2     .8 |   4.1    1.2    5.7    5.5 |    4.0 
  2012           |    .7     .5    -.6    1.0                                                         |   5.8                      |        
                 |                                                                                    |                            |
 IP              |                                                                                    |                            |
 (2007 = 100)    |                                                                                    |                            |
  2010           |  86.8   87.0   87.5   87.8   89.2   89.4   90.1   90.2   90.6   90.3   90.5   91.5 |  87.1   88.8   90.3   90.8 |   89.3 
  2011           |  91.5   91.3   92.2   91.7   92.0   92.1   93.0   93.2   93.5   94.1   94.3   95.0 |  91.7   91.9   93.2   94.5 |   92.8 
  2012           |  95.7   96.2   95.6   96.6                                                         |  95.8                      |        
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2007 output)    |                                                                                    |                            |
  2010           | 122.7  122.4  122.1  121.8  121.5  121.3  121.1  121.0  120.9  120.8  120.8  120.7 | 122.4  121.6  121.0  120.8 |  121.4 
  2011           | 120.7  120.7  120.8  120.8  120.9  120.9  121.0  121.0  121.1  121.2  121.2  121.3 | 120.7  120.9  121.0  121.2 |  121.0 
  2012           | 121.4  121.5  121.5  121.6                                                         | 121.5                      |        
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1990           |  82.7   83.3   83.6   83.3   83.3   83.4   83.2   83.3   83.3   82.5   81.4   80.7 |  83.2   83.3   83.3   81.5 |   82.8 
  1991           |  80.2   79.5   78.9   79.0   79.7   80.4   80.3   80.2   80.9   80.6   80.4   79.9 |  79.6   79.7   80.5   80.3 |   80.0 
  1992           |  79.1   79.6   80.2   80.6   80.7   80.5   81.1   80.6   80.6   81.0   81.2   81.1 |  79.7   80.6   80.8   81.1 |   80.5 
  1993           |  81.4   81.6   81.4   81.6   81.1   81.2   81.4   81.2   81.4   81.9   82.1   82.4 |  81.5   81.3   81.3   82.1 |   81.6 
                 |                                                                                    |                            |
  1994           |  82.6   82.5   83.1   83.2   83.4   83.8   83.6   83.8   83.7   84.1   84.3   84.9 |  82.7   83.5   83.7   84.5 |   83.6 
  1995           |  84.9   84.6   84.4   84.0   83.9   83.9   83.3   84.0   84.0   83.4   83.4   83.3 |  84.6   83.9   83.8   83.4 |   83.9 
  1996           |  82.4   83.4   82.9   83.4   83.7   84.1   83.6   83.7   83.8   83.4   83.8   84.0 |  82.9   83.8   83.7   83.7 |   83.5 
  1997           |  83.7   84.2   84.4   83.9   83.9   83.8   83.8   84.3   84.6   84.7   85.0   84.7 |  84.1   83.8   84.2   84.8 |   84.2 
  1998           |  84.6   84.2   83.9   83.7   83.9   82.8   81.9   83.3   82.4   82.7   82.1   82.0 |  84.2   83.5   82.5   82.2 |   83.1 
                 |                                                                                    |                            |
  1999           |  81.9   81.8   81.5   81.2   81.5   81.0   81.1   81.2   80.7   81.6   81.6   81.9 |  81.7   81.3   81.0   81.7 |   81.4 
  2000           |  81.6   81.5   81.4   81.7   81.4   81.3   80.8   80.4   80.6   80.1   79.8   79.4 |  81.5   81.5   80.6   79.8 |   80.8 
  2001           |  78.7   78.2   77.9   77.7   77.1   76.6   76.3   76.1   75.7   75.2   74.8   74.6 |  78.3   77.1   76.0   74.9 |   76.6 
  2002           |  75.1   75.0   75.5   75.8   76.1   76.8   76.5   76.6   76.6   76.4   76.7   76.3 |  75.2   76.2   76.6   76.5 |   76.1 
  2003           |  76.9   77.1   76.9   76.3   76.2   76.2   76.4   76.3   76.8   76.7   77.3   77.2 |  77.0   76.2   76.5   77.1 |   76.7 
                 |                                                                                    |                            |
  2004           |  77.4   77.9   77.4   77.8   78.4   77.7   78.3   78.5   78.4   79.2   79.3   79.9 |  77.6   78.0   78.4   79.5 |   78.3 
  2005           |  80.2   80.7   80.6   80.5   80.6   80.8   80.5   80.5   78.6   79.4   80.1   80.5 |  80.5   80.6   79.9   80.0 |   80.3 
  2006           |  80.5   80.4   80.4   80.6   80.3   80.4   80.3   80.3   80.0   79.8   79.5   80.2 |  80.4   80.4   80.2   79.8 |   80.2 
  2007           |  79.7   80.5   80.3   80.7   80.7   80.7   80.8   80.7   81.1   80.5   80.8   80.9 |  80.2   80.7   80.9   80.7 |   80.6 
  2008           |  80.6   80.4   80.1   79.4   79.0   78.8   78.4   77.0   73.7   74.4   73.6   71.6 |  80.4   79.1   76.3   73.2 |   77.2 
                 |                                                                                    |                            |
  2009           |  69.9   69.5   68.3   67.6   66.9   66.6   67.3   68.2   68.7   69.0   69.4   69.9 |  69.2   67.0   68.1   69.4 |   68.4 
  2010           |  70.7   71.1   71.7   72.1   73.4   73.7   74.4   74.6   75.0   74.7   75.0   75.8 |  71.2   73.1   74.6   75.2 |   73.5 
  2011           |  75.8   75.7   76.3   75.9   76.1   76.2   76.9   77.0   77.2   77.7   77.8   78.3 |  75.9   76.1   77.0   77.9 |   76.7 
  2012           |  78.8   79.2   78.7   79.4                                                         |  78.9                      |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <1>  Quarterly percent changes are at annual rates.  Annual percentage changes are calculated from annual averages.
      Note.  Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components.
 
 
 
 Table 14
 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Excluding Selected High-Technology Industries
 Seasonally adjusted
 
 
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Year            |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|  Annual
 -------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change) <2>     |                                                                                    |                            |
  1990           |   -.3    1.5     .4    -.3     .1     .2    -.2     .2    -.1    -.9   -1.2    -.8 |   3.6    2.3     .6   -7.6 |     .0 
  1991           |   -.8    -.8    -.8     .3     .7    1.1     .3     .2    1.1    -.2    -.3    -.3 |  -9.6    1.3    7.0    1.0 |   -2.6 
  1992           |   -.9     .9     .9     .4     .5     .1     .8    -.5    -.1     .5     .3    -.2 |  -1.2    7.1    2.7    1.4 |    2.6 
  1993           |   1.1     .1    -.3     .5    -.1    -.2     .2    -.2     .5     .7     .3     .5 |   4.0     .7     .3    5.7 |    2.5 
                 |                                                                                    |                            |
  1994           |    .1     .1    1.2     .5     .5     .2     .2     .6     .1     .8     .5     .9 |   4.2    7.1    3.7    7.0 |    4.4 
  1995           |    .1    -.3    -.1    -.4    -.1     .3    -.8     .9     .5    -.4    -.1     .0 |   2.8   -2.3     .4     .5 |    2.5 
  1996           |  -1.1    1.3    -.5    1.0     .5     .8    -.1     .3     .4    -.4     .7     .7 |  -1.8    7.3    4.0    2.7 |    1.5 
  1997           |   -.2    1.0     .9    -.7     .5     .4     .2    1.3     .6     .5     .8     .2 |   6.2    2.9    6.9    8.2 |    4.9 
  1998           |    .5    -.1    -.3     .2     .5   -1.1    -.9    2.4    -.8     .7    -.1     .2 |   3.2    -.2    -.5    4.0 |    3.4 
                 |                                                                                    |                            |
  1999           |   -.1     .4    -.4    -.1     .7    -.7     .0     .6    -.4    1.3     .3     .4 |    .8     .3     .2    6.7 |    1.4 
  2000           |   -.3    -.2     .3     .4    -.6     .0    -.4    -.8     .4    -.5    -.6    -.8 |    .4     .6   -3.8   -4.8 |     .7 
  2001           |   -.6    -.5    -.3    -.1    -.7    -.5    -.1    -.6    -.2    -.7    -.2     .2 |  -7.0   -4.5   -4.6   -4.3 |   -4.8 
  2002           |    .6    -.2     .8     .1     .7    1.1    -.5     .3     .0    -.5     .4    -.7 |   3.4    5.6    2.4   -1.3 |     .4 
  2003           |    .5     .0     .1   -1.1    -.1     .3    -.1    -.4     .7    -.2     .9    -.3 |    .8   -3.9     .1    2.7 |     .0 
                 |                                                                                    |                            |
  2004           |   -.1     .8    -.3     .5     .8    -.9     .8     .6    -.3    1.1    -.1     .6 |   1.9    3.1    3.2    5.0 |    2.0 
  2005           |    .7     .7    -.5     .1     .3     .1    -.3     .1   -1.4    1.4     .7     .0 |   5.7    1.1   -2.1    4.2 |    3.1 
  2006           |    .9    -.2    -.2     .6    -.6     .2    -.2     .3     .0    -.5    -.1    1.6 |   3.6     .0    -.1     .4 |    1.5 
  2007           |   -.5     .5     .4     .6    -.2     .4     .2    -.6     .4    -.7     .2     .2 |   3.8    4.2     .9   -1.8 |    1.8 
  2008           |   -.5    -.6    -.6   -1.2    -.6    -.6   -1.1   -1.4   -3.5    -.4   -2.0   -3.1 |  -3.7   -9.4  -14.1  -20.4 |   -5.8 
                 |                                                                                    |                            |
  2009           |  -2.9     .0   -2.2    -.9   -1.3    -.4    1.2    1.1     .7    -.1     .9     .1 | -22.9  -12.8    6.0    5.4 |  -13.8 
  2010           |    .9     .0    1.0    1.0    1.4     .0     .8     .0     .2     .1     .1     .8 |   6.3   10.8    5.4    2.3 |    5.3 
  2011           |    .4     .3     .7    -.7     .2     .0     .9     .2     .5     .7    -.1    1.5 |   5.7     .1    5.2    6.3 |    4.2 
  2012           |   1.1     .9    -.5     .5                                                         |  10.4                      |        
                 |                                                                                    |                            |
 IP              |                                                                                    |                            |
 (2007 = 100)    |                                                                                    |                            |
  2010           |  82.9   82.9   83.7   84.5   85.7   85.7   86.4   86.4   86.6   86.6   86.7   87.5 |  83.2   85.3   86.4   86.9 |   85.5 
  2011           |  87.8   88.0   88.7   88.1   88.2   88.3   89.0   89.2   89.7   90.3   90.2   91.6 |  88.2   88.2   89.3   90.7 |   89.1 
  2012           |  92.6   93.4   92.9   93.4                                                         |  93.0                      |        
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2007 output)    |                                                                                    |                            |
  2010           | 122.1  121.8  121.5  121.2  120.9  120.6  120.4  120.2  120.0  119.8  119.6  119.5 | 121.8  120.9  120.2  119.7 |  120.6 
  2011           | 119.4  119.3  119.2  119.2  119.1  119.1  119.1  119.1  119.1  119.1  119.2  119.2 | 119.3  119.1  119.1  119.2 |  119.2 
  2012           | 119.3  119.3  119.4  119.5                                                         | 119.3                      |        
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1990           |  81.8   82.9   83.1   82.6   82.6   82.6   82.4   82.5   82.3   81.4   80.3   79.5 |  82.6   82.6   82.4   80.4 |   82.0 
  1991           |  78.8   78.1   77.4   77.5   77.9   78.7   78.8   78.9   79.6   79.4   79.0   78.7 |  78.1   78.1   79.1   79.0 |   78.6 
  1992           |  77.9   78.5   79.2   79.4   79.7   79.8   80.3   79.8   79.6   79.9   80.0   79.8 |  78.5   79.6   79.9   79.9 |   79.5 
  1993           |  80.5   80.5   80.2   80.5   80.3   80.1   80.2   79.9   80.2   80.7   80.9   81.2 |  80.4   80.3   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   84.0   83.8   83.3   83.0   83.1   82.2   82.8   83.0   82.5   82.2   82.1 |  84.1   83.1   82.7   82.3 |   83.0 
  1996           |  81.0   81.9   81.3   82.0   82.2   82.7   82.5   82.6   82.7   82.1   82.5   82.8 |  81.4   82.3   82.6   82.5 |   82.2 
  1997           |  82.4   83.0   83.5   82.6   82.7   82.7   82.5   83.2   83.4   83.5   83.8   83.6 |  83.0   82.7   83.1   83.6 |   83.1 
  1998           |  83.7   83.2   82.6   82.5   82.5   81.3   80.3   81.9   81.0   81.3   80.9   80.8 |  83.2   82.1   81.0   81.0 |   81.8 
                 |                                                                                    |                            |
  1999           |  80.6   80.7   80.1   79.9   80.3   79.5   79.4   79.7   79.2   80.1   80.2   80.3 |  80.4   79.9   79.4   80.2 |   80.0 
  2000           |  80.0   79.7   79.8   80.0   79.4   79.3   78.9   78.2   78.4   77.9   77.3   76.6 |  79.9   79.6   78.5   77.3 |   78.8 
  2001           |  76.0   75.6   75.3   75.1   74.5   74.1   74.0   73.5   73.3   72.8   72.6   72.7 |  75.6   74.6   73.6   72.7 |   74.1 
  2002           |  73.1   73.0   73.6   73.7   74.2   75.0   74.6   74.8   74.9   74.6   74.9   74.4 |  73.3   74.3   74.8   74.6 |   74.2 
  2003           |  74.8   74.9   75.0   74.2   74.2   74.4   74.4   74.1   74.7   74.6   75.3   75.2 |  74.9   74.3   74.4   75.0 |   74.6 
                 |                                                                                    |                            |
  2004           |  75.2   75.8   75.6   76.0   76.6   76.0   76.6   77.1   76.9   77.7   77.6   78.1 |  75.5   76.2   76.8   77.8 |   76.6 
  2005           |  78.6   79.1   78.6   78.6   78.8   78.8   78.5   78.4   77.3   78.2   78.7   78.6 |  78.7   78.7   78.1   78.5 |   78.5 
  2006           |  79.1   78.8   78.5   78.9   78.3   78.3   78.1   78.2   78.1   77.6   77.5   78.6 |  78.8   78.5   78.1   77.9 |   78.4 
  2007           |  78.1   78.4   78.6   79.0   78.8   79.1   79.2   78.7   78.9   78.3   78.4   78.5 |  78.4   78.9   78.9   78.4 |   78.7 
  2008           |  78.1   77.6   77.2   76.2   75.8   75.4   74.6   73.6   71.2   70.9   69.6   67.6 |  77.6   75.8   73.1   69.4 |   74.0 
                 |                                                                                    |                            |
  2009           |  65.7   65.9   64.6   64.1   63.5   63.5   64.4   65.3   65.9   66.1   66.9   67.1 |  65.4   63.7   65.2   66.7 |   65.2 
  2010           |  67.9   68.0   68.9   69.8   70.9   71.1   71.8   71.9   72.1   72.3   72.5   73.2 |  68.3   70.6   71.9   72.7 |   70.9 
  2011           |  73.5   73.8   74.4   73.9   74.1   74.1   74.8   74.9   75.3   75.8   75.7   76.8 |  73.9   74.0   75.0   76.1 |   74.8 
  2012           |  77.6   78.3   77.8   78.2                                                         |  77.9                      |        
 -------------------------------------------------------------------------------------------------------------------------------------------
      <1>  See note on cover page.
      <2>  Quarterly percent changes are at annual rates.  Annual percentage changes are calculated from annual averages.
      Note.  Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components.
 
 
 
 
 Explanatory Note

 
 The Industrial Production and Capacity Utilization statistical release,
 which is published around the middle of the month, reports measures of
 output, capacity, and capacity utilization in manufacturing, mining, and
 the electric and gas utilities industries.  More detailed descriptions of
 industrial production and capacity utilization are available on the Board's
 website at www.federalreserve.gov/releases/G17. In addition, files
 containing data shown in the release, more detailed series
 that were published in the G.17 prior to December 2000, and
 historical data are available from the Data Download Program on the Board's website.
 Instructions for searching for and downloading specific series are provided as well.
  
 Industrial Production
 
 Coverage. The industrial production (IP) index measures the real
 output of the manufacturing, mining, and electric and gas utilities
 industries; the reference period for the index is 2007.  Manufacturing
 consists of those industries included in the North American Industry
 Classification System (NAICS) definition of manufacturing plus
 those industries- newspaper, periodical, book, and directory
 publishing plus logging-that have traditionally been considered to
 be manufacturing.  For the period since 1997, the total IP index has
 been constructed from 312 individual series based on the 2007 NAICS
 codes. These individual series are classified in two ways: (1) market
 groups, and (2) industry groups.  Market groups consist of products
 and materials.  Total products are the aggregate of final products,
 such as consumer goods and equipment, and nonindustrial supplies
 (which are inputs to nonindustrial sectors).  Materials are inputs in
 the manufacture of products.  Major industry groups include
 three-digit NAICS industries and aggregates of these industries-for
 example, durable and nondurable manufacturing, mining, and utilities.
 A complete description of the market and industry structures,
 including details regarding series classification, relative importance
 weights, and data sources, is available on the Board's web site ( www.federalreserve.gov/releases/G17/About.htm).
  
 Source data. On a monthly basis, the individual indexes of industrial
 production are constructed from two main types of source data: (1) output
 measured in physical units and (2) data on inputs to the production
 process, from which output is inferred.  Data on physical products, such as
 tons of steel or barrels of oil, are obtained from private trade associations
 and from government agencies; data of this type are used to estimate
 monthly IP wherever possible and appropriate.  Production indexes for a
 few industries are derived by dividing estimated nominal output
 (calculated using unit production and unit values or sales) by a
 corresponding Fisher price index; the most notable of these fall within the
 high-technology grouping and include computers, communications
 equipment, and semiconductors.  When suitable direct measures of product
 are not available, estimates of output are based on production-worker
 hours by industry.  Data on hours worked by production workers are
 collected in the monthly establishment survey conducted by the Bureau of
 Labor Statistics.  The factors used to convert inputs into estimates of
 production are based on historical relationships between the inputs and the
 comprehensive annual data used to benchmark the IP indexes; these
 factors also may be influenced by technological or cyclical developments.
 The annual data used in benchmarking the individual IP indexes are
 constructed from a variety of source data, such as the quinquennial
 Censuses of Manufactures and Mineral Industries and the Annual Survey
 of Manufactures, prepared by the Bureau of the Census; the Minerals
 Yearbook, prepared by the United States Geological Survey of the
 Department of the Interior; and publications of the Department of Energy.
  
 Aggregation Methodology and Weights.  The aggregation method for
 the IP index is a version of the Fisher-ideal index formula.  (For a detailed
 discussion of the aggregation method, see the Federal Reserve Bulletins
 of February 1997 and March 2001.)  In the IP index, series that measure the
 output of an individual industry are combined using weights derived from
 their proportion in the total value-added output of all industries.  The IP
 index, which extends back to 1919, is built as a chain-type index since
 1972.  The current formula for the growth in monthly IP (or any of the
 sub-aggregates) since 1972 is shown below.  An output index for month m is 
 denoted by I^A_m for aggregate A and I_m for each of its components.
 The monthly price measure in the formula  (p_m) is interpolated from an annual series of 
 value added divided by the average annual IP index.
 
 %     Equation not available in ascii file. 
  
 The IP proportions (typically shown in the first column of the relevant
 tables in the G.17 release) are estimates of the industries' relative
 contributions to overall growth in the following year.  For example, the
 relative importance weight of the motor vehicles and parts industry is
 about 4 percent.  If output in this industry increased 10 percent in a month,
 then this gain would boost growth in total IP by 4/10 percentage point
 (0.04 x 10% = 0.4%).  To assist users with calculations, the Federal
 Reserve's web site provides supplemental monthly statistics that represent
 the exact proportionate contribution of a monthly change in a component
 index to the monthly change in the total index (www.federalreserve.gov/
 releases/G17/ipdisk/ipweightssa.txt).
 
 Timing. The first estimate of output for a month is published
 around the 15th of the following month. The estimate is preliminary
 (denoted by the superscript "p" in tables) and subject to revision
 in each of the subsequent five months as new source data become
 available. (Revised estimates are denoted by the superscript "r" in
 tables.)  For the first estimate of output for a given month, about 67
 percent of the source data (in value-added terms) are available; the
 fraction of available source data increases to 81 percent for
 estimates in the second month that the estimate is published, 93
 percent in the third month, 96 percent in the fourth month, 99 percent
 in the fifth month, and 99 percent in the sixth month. Data
 availability by data type in early 2011 is summarized in the table
 below:
 
   Availability of Monthly IP Data in Publication Window
   (Percent of value added in 2011)  %
      Type of data                1st  2nd  3rd  4th  5th  6th 
      Physical product            27   41   53   55   58   58
      Production-worker hours     41   41   41   41   41   41
      IP data received            67   81   93   96   99   99
      IP data estimated           33   19   7    4    1    1
 
 The physical product group includes series based on either monthly or
 quarterly data.  As can be seen in the first row of the table, in the
 first month, a physical product indicator is available for about half
 of the series (in terms of value added) that ultimately are based on
 physical product data (27 percent out of a total of 58 percent).  Of
 the 27 percent, about two-thirds (19 percent of total IP) include
 series that are derived from weekly physical product data and for
 which actual monthly data may lag up to several months.  On average,
 quarterly product data are received for the fourth estimate of
 industrial production.  Specifically, quarterly data are available for
 the third estimate of the last month of a quarter, the fourth estimate
 of the second month of a quarter, and the fifth estimate of the first
 month of a quarter.
 
 Seasonal adjustment. Individual series are seasonally adjusted
 using Census X-12 ARIMA. For series based on production-worker hours,
 the current seasonal factors were estimated with data through January
 2012; for other series, the factors were estimated with data through
 at least December 2011.  Series are pre-adjusted for the effects of
 holidays or business cycles when appropriate.  For the data since
 1972, all seasonally adjusted aggregate indexes are calculated by
 aggregating the seasonally adjusted indexes of the individual series.
 
 Reliability.  The average revision to the level of the
 total IP index, without regard to sign, between the first and the
 fourth estimates was 0.27 percent during the 1987-2010 period.  The
 average revision to the percent change in total IP, without
 regard to sign, from the first to the fourth estimates was 0.21
 percentage point during the 1987-2010 period.  In most cases (about
 85 percent), the direction of the change in output indicated by the
 first estimate for a given month is the same as that shown by the
 fourth estimate.
 
 Rounding.  The published percent changes are calculated from
 unrounded indexes, and may not be the same as percent changes
 calculated from the rounded indexes shown in the release.
 
 Capacity Utilization
 
 Overview.  The Federal Reserve Board constructs estimates of
 capacity and capacity utilization for industries in manufacturing,
 mining, and electric and gas utilities.  For a given industry, the
 capacity utilization rate is equal to an output index (seasonally
 adjusted) divided by a capacity index.  The Federal Reserve Board's
 capacity indexes attempt to capture the concept of sustainable
   maximum output-the greatest level of output a plant can maintain
 within the framework of a realistic work schedule, after factoring in
 normal downtime and assuming sufficient availability of inputs to
 operate the capital in place.
 
 Coverage.  Capacity indexes are constructed for 89 detailed
 industries (71 in manufacturing, 16 in mining, and 2 in utilities),
 which mostly correspond to industries at the three- and four-digit
 NAICS level.  Estimates of capacity and utilization are available for
 a variety of groups, including durable and nondurable manufacturing,
 total manufacturing, mining, utilities, and total industry.
 Manufacturing consists of those industries included in the North
 American Industry Classification System (NAICS) definition of
 manufacturing plus those industries- newspaper, periodical,
 book, and directory publishing plus logging-that have traditionally
 been considered to be manufacturing.  Also, special aggregates are
 available, such as high-technology industries and manufacturing
 excluding high-technology industries.
 
 Source Data.  The monthly rates of capacity utilization are
 designed to be consistent with both the monthly data on production and
 the periodically available data on capacity and utilization.  Because
 there is no direct monthly information on overall industrial capacity
 or utilization rates, the Federal Reserve first estimates annual
 capacity indexes from the source data.  Capacity data reported in
 physical units from government sources (primarily from the
 U.S. Geological Survey and the Department of Energy's Energy
 Information Administration) and trade sources are available for
 portions of several industries in manufacturing (e.g., paper,
 industrial chemicals, petroleum refining, motor vehicles), as well as
 for electric utilities and mining; these industries represent about 25
 percent of total industrial capacity.  When physical product data are
 unavailable for manufacturing industries, capacity indexes are based
 on responses to the Bureau of the Census's Quarterly Survey of
   Plant Capacity (QSPC); these industries account for a bit less than
 70 percent of total industry capacity.  In the absence of utilization
 data for a few mining and petroleum series, capacity is based on
 trends through peaks in production (roughly 5 percent of total
 industry capacity).  A detailed description of the methodology used to
 construct the capacity indexes is available on the Board's web site
 (www.federalreserve.gov/releases/G17/CapNotes.htm).
 
 Aggregation Methodology.  Monthly capacity aggregates are
 calculated in three steps: (1) utilization aggregates are calculated
 on an annual basis through the most recent full year as
 capacity-weighted aggregates of individual utilization rates; (2) the
 annual aggregate capacity is derived from the corresponding production
 and utilization aggregates; (3) the monthly capacity aggregate is
 obtained by interpolating the annual capacity aggregate with a Fisher
 index of its constituent monthly capacity series.  Utilization rates
 for the individual series and aggregates are calculated by dividing
 the pertinent monthly production index by the related capacity index.
 
 Consistency.  A major aim is that the Federal Reserve
 utilization rates be consistent over time so that, for example, a rate
 of 85 percent means about the same degree of tightness that it meant
 in the past.  A major task for the Federal Reserve in developing
 reasonable and consistent time series of capacity and utilization is
 dealing with inconsistencies between the movements of the industrial
 production index and the survey-based utilization rates.  The
 McGraw-Hill/DRI Survey, now discontinued, was the primary source of
 manufacturing utilization rates for many years.  This was a survey of
 large companies that reported, on average, higher utilization rates
 than those reported by establishments covered by the Census Bureau's
 annual Survey of Plant Capacity (the predecessor to the QSPC) for the
 fourteen years they overlapped.  Adjustments have been made to keep
 the industry utilization rates currently reported by the Federal
 Reserve roughly in line with rates formerly reported by McGraw-Hill.
 As a consequence, the rates reported by the Federal Reserve tend to be
 higher than the rates reported in the QSPC.
 
 Perspective.  Over the 1972-2011 period, the average total
 industry utilization rate is 80.3 percent; for manufacturing, the
 average factory operating rate has been 78.8 percent.  Industrial
 plants usually operate at capacity utilization rates that are well
 below 100 percent: none of the broad aggregates has ever reached 100
 percent.  For total industry and total manufacturing, utilization
 rates have exceeded 90 percent only in wartime.  The highs and lows in
 capacity utilization are specific to each series and
 do not all occur in the same month.
 
 References and Release Dates
 
 References.  The release for the annual revision that was published
 on March 30, 2012 is available on the Board's website (www.federal
 reserve.gov/releases/g17/revisions/Current/DefaultRev.htm).  
 A summary of the annual revision that incorporated back to 1972
 production and capacity indexes reclassified according to the North American
 Industry Classification System is available in an article in the
 Federal Reserve Bulletin, vol. 89 (April 2003), pp. 151-176.
 A description of the aggregation methods for industrial production and
 capacity utilization is included in an article in the Federal Reserve
 Bulletin, vol.  83 (February 1997), pp. 67-92.  The Federal Reserve
 methodology for constructing industry-level measures of capital is detailed
 in "Capital Stock Estimates for Manufacturing Industries: Methods and
 Data" by Mike Mohr and Charles Gilbert (1996), which can be obtained
 at: www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.
 
 Industrial Production-1986 Edition contains a more detailed
 description of the other methods used to compile the industrial
 production index, plus a history of its development, a glossary of
 terms, and a bibliography.  The major revisions to the IP indexes and
 capacity utilization since 1990 have been described in the  Federal Reserve Bulletin (April 1990, June 1990, June 1993, March
 1994, January 1995, January 1996, February 1997, February 1998,
 January 1999, March 2000, March 2001, March 2002, April 2003, Winter
 2004, Winter 2005, March 2006, May 2007, August 2008, August 2009) or
 in an on-line staff study
 (www.federalreserve.gov/releases/g17/articles/rev2010/industrial10.pdf).
 
 Release Schedule
 
 At 9:15 a.m. on
 
 2012: January 18, February 15, March 16, April 17, May 16, June 15,
 July 17, August 15, September 14, October 16, November 16, and
 December 14.