1                                FEDERAL RESERVE STATISTICAL RELEASE                                 
 
 G.17 (419) 2015 Historical and Annual Revision                      For release at 10:00 a.m. (EDT)
                                                                     July 21, 2015

 Industrial Production and Capacity Utilization: The 2015 Annual Revision


       The Federal Reserve has revised its index of industrial production (IP) and the related measures of
 capacity and capacity utilization.1  Total IP is now reported to have increased slightly less than 2-1/2
 percent per year, on average, from 2011 through 2013 before advancing about 4-1/2 percent in 2014 and
 falling back somewhat in the first half of 2015.2  Relative to earlier reports, the current rates of change
 are lower--especially for 2012 and 2013.  For the most recent recession, total IP still shows a
 peak-to-trough decline of about 17 percent, and the dates for the peak and trough are unaltered.  However,
 the lower rates of change for recent years indicate that the recovery in the industrial sector since the
 trough has been slower than reported earlier.  Total IP is now estimated to have returned to its
 pre-recession peak in May 2014, seven months later than previously estimated.

       This revision advanced the base year for the IP index and incorporated newly available annual data on
 output and prices.  The base year for IP was advanced from 2007 to 2012, which raised the level of the
 index in all periods.  The updated IP indexes incorporated new detailed data for manufacturing from the
 U.S. Census Bureau's 2012 Economic Census and 2013 Annual Survey of Manufactures (ASM) as well as revised
 data from the 2011 ASM.  For publishing, the IP indexes folded in data for 2013 from the Census Bureau's
 Service Annual Survey.  In addition, the indexes were updated with annual data for 2014 from the Department
 of the Interior's U.S. Geological Survey (USGS) for metallic and nonmetallic minerals.  Data on prices from
 the Bureau of Labor Statistics (BLS) were also incorporated.

       The monthly estimates of production were updated to include late-arriving or revised monthly or
 quarterly indicator data (either outputs from or inputs to production), and they also now reflect
 recalculations of seasonal factors.  In addition, new high-frequency indicators were incorporated for a few
 production indexes.

       Capacity utilization rates were revised down for recent years.  In the second quarter of 2015,
 capacity utilization stood at 77.8 percent, a rate more than 2 percentage points below its long-run
 (1972-2014) average.  Relative to earlier estimates, utilization for total industry is about 3/4 percentage
 point lower in the fourth quarters of 2012 and 2014 and about 1-1/2 percentage point lower in the fourth
 quarter of 2013.  The lower estimates for utilization reflected revisions to both industrial production and
 capacity.  Utilization was revised downward as a result of the weaker industrial production estimates.
 Lower estimates for capacity, however, tempered the downward revision to utilization.

        The revised estimates of capacity and capacity utilization incorporated data for the manufacturing sector
 from the Census Bureau's Quarterly Survey of Plant Capacity Utilization for the fourth quarter of 2014,
 along with new data on capacity primarily for the energy and mining sectors from the USGS, the U.S.
 Department of Energy, and other organizations.  The revised estimates also include new data on capital
 spending from the 2012 Economic Census.  Capital expenditures data from the 2013 ASM are not yet available.

 RESULTS OF THE REVISION

       The tables show the summary statistics for the annual revision.  Tables 1A and 1B present the
 monthly, quarterly, and annual average index levels for total IP and for total capacity and capacity
 utilization for January 1985 through June 2015, along with the percent changes in total IP.  Tables 2 and 3
 show the revised rates of change in IP from 2011 through the first half of 2015 for market groups, industry
 groups, special aggregates, and selected detail.  Table 4 shows the annual rates of change for total IP and
 for major market and industry groups for 2010 through 2014.  Table 5 presents the revised rates of change
 in capacity by industry groups for 2011 through the first half of 2015.  Tables 2 through 5 also show the
 differences between the revised and previous estimates of the rates of change.  Table 6 contains the
 revised capacity utilization rates for the fourth quarters of 2011 through 2014; it also shows the
 differences between the revised and previous estimates.  Table 7 reports revised semiannual rates of change
 for IP for the second half of 2010 through the first half of 2015.  Table 8 contains revised capacity
 utilization rates for the second and fourth quarters from the fourth quarter of 2012 through the second
 quarter of 2015.  Tables 9A, 9B, 10A, 10B, 11A, and 11B report the revised production, capacity, and
 utilization measures for manufacturing, total industry excluding selected high-technology industries, and
 manufacturing excluding selected high-technology industries.  Table 12 displays the annual proportions in
 IP by market and industry groups for 2007 through 2014.  Table 13 reports revised IP indexes for the major
 market and industry groups for the previous six months; and it also reports revised capacity utilization
 rates for the same period.  Table 14 shows price indexes for data networking equipment for 2001 through
 2013.

 Industrial Production

        Revisions to the changes in total IP show lower rates of change in recent years than were previously
 estimated (figure 1 and tables 2 and 7).3  After having declined sharply during the recession, total IP is
 still reported to have rebounded strongly in 2010 and then to have increased moderately in each year from
 2011 to 2013; industrial production advanced solidly in 2014 and fell back somewhat in the first half of
 2015.  However, the gains in 2012 and 2013 are each 1 percentage point weaker than previously stated,
 putting the trajectory of the recovery on a lower path.  As currently reported, total IP did not return to
 its pre-recession peak until May 2014; previously, it was estimated to have reached that level in October
 2013.

        On net, the revision resulted in lower estimates for manufacturing IP and higher estimates for mining IP
 than previously reported; the estimates for utilities are little revised.  In particular, manufacturing
 output is currently reported to have increased only about 1-1/2 percent, on average, in 2012 and 2013,
 whereas it was previously stated to have averaged gains of more than 3 percent over those two years.4  As
 currently reported, manufacturing IP had not yet recovered to its pre-recession peak by June 2015; indeed,
 it was more than 4 percent below that level.  Prior to the revision, manufacturing IP was reported to have
 returned to its pre-recession level by November 2014.  In contrast, increases in the extraction of crude
 oil and natural gas have boosted the index for mining in recent years, and the revised estimates show even
 stronger rates of change for 2012 through 2014 than reported earlier.

 Production by Industry Group

        The rates of increase in manufacturing from 2011 through the first half of 2015 are now lower than
 reported earlier, particularly for 2012 and 2013, the years for which the majority of benchmark data became
 available.  Since 2011, the output indexes for both durables and nondurables are now stated to have moved
 up more modestly than previously reported, and lower rates of change were widespread across industries.

       The production of durables is currently estimated to have risen about 3-1/2 percent in 2012 and just
 over 2 percent in 2013; previously, it was stated to have advanced about 6 percent and 5 percent,
 respectively.  For 2014, the index for durable manufacturing is now reported to have moved up about 5
 percent, a solid rate by historical standards but still a lower gain than previously recorded.  The output
 of durables has edged down so far in 2015.

       Within durables, most industry groups posted gains in output for most years since 2011.
 Nevertheless, by mid-2015, the indexes for many major categories of durables were still below their
 pre-recession levels.  Relative to earlier estimates, with the exception of furniture, the gains in each
 industry group over this period are now reported to be, on net, lower than those stated earlier.  In
 particular, the contours for fabricated metal products; machinery; computer and electronic products,
 electrical equipment, appliances, and components; and miscellaneous manufacturing show much slower gains
 than previously reported.

       The output of selected high-technology industries moved up 8.0 percent in 2011 and 9.8 percent in
 2012 before recording only modest gains the next two years and falling back so far in 2015 (table 3).
 Relative to previous estimates, the increase in high-tech output is now smaller in recent years, especially
 in 2012 but also in 2013 and 2014.  The downward revisions largely arose, on net, from weaker production of
 semiconductors, which more than outweighed a substantial upward revision to computers and peripheral
 equipment.

       The output of nondurable manufacturing industries declined sharply during the recession and has
 increased only modestly, on net, since then.  The index moved up less than 1/2 percent per year, on
 average, in 2011, 2012, and 2013 before increasing about 2-1/2 percent in 2014 and about 1-1/2 percent in
 the first half of 2015.  With this revision, the rates of increase for recent years are now lower than
 reported earlier.  Other than the indexes for food, for petroleum and coal products, and for plastics and
 rubber products, the indexes for major nondurables industries remain well below their pre-recession peaks.
 Relative to the previously published estimates, the contour for output in recent years is lower for food,
 for apparel and leather, and for chemicals, and it is higher for paper and for petroleum and coal products.

       The output index for industries not in the scope of manufacturing under the North American Industry
 Classification System (NAICS)--that is, logging and publishing--fell in every year from 2010 to 2014 and in
 the first half of 2015.  The decrease in 2013 is now somewhat less than previously reported as a result of
 new benchmark data from the Service Annual Survey.

       The production index for mining registered considerable gains in the period from 2011 through 2014
 owing to strong increases in oil and natural gas extraction over this period.  Although the index fell back
 in the first half of 2015, it remained at a high level by historical standards.  Rates of change in the
 output of utilities are very similar to previous reports.

 Production by Market Group

       The production index for final products and nonindustrial supplies fell substantially during the most
 recent recession, and then it rose between about 1-1/4 percent and 1-3/4 percent in each of 2011, 2012, and
 2013 before advancing more strongly in 2014; the output of this market group has fallen back somewhat in
 the first half of 2015 (table 2).  The post-recession recovery for final products and nonindustrial
 supplies is now reported to be weaker than earlier estimates suggested.  Relative to previous reports, the
 gains in the index for recent years--especially for 2012 and 2013--are now stated to have been smaller, and
 the decline in 2015 so far is less steep.  In June 2015, the index was about 5 percent below its
 pre-recession peak.

       The index for consumer goods now shows a weaker post-recession recovery than was previously
 estimated.  As currently stated, the output of consumer goods declined in 2012 and moved up in each year
 since.  Previously, output was reported to have advanced in 2012, and the rates of increase for overall
 consumer goods in 2011, 2013, and 2014 are now reported to be lower than estimated earlier.  These lower
 rates of change were widespread across categories of durables and nondurables.  The level of the index for
 consumer goods in June 2015 is now reported to be more than 7 percent below its pre-recession peak, whereas
 previously it was estimated to be only about 2 percent below its pre-recession peak.

       Following a sharp decline during the recession, the index for business equipment rose substantially
 through 2012, receded a bit in 2013, and then recorded a sizable gain in 2014 before declining again in the
 early part of this year.  Relative to earlier reports, output in 2013 was considerably weaker as a result
 of lower production across all major components of business equipment:  transit, information processing,
 and industrial and other equipment.  Still, the gains in other recent years were strong enough that, by
 mid-2015, each of the major components had either fully or nearly retraced its recession-era decline.

       The production of defense and space equipment is now estimated to have been much lower in recent
 years than reported earlier.  The index was little changed, on net, over the 2011-12 period, but it
 declined sharply in 2013 and has recovered only a small amount of that decline since then.  Previously, the
 output of defense and space equipment was estimated to have moved up in 2011, 2012, and 2013.

       The index for construction supplies has advanced solidly in recent years but stepped back a bit at
 the beginning of 2015.  Production expanded between about 2 and 5 percent in each year from 2011 to 2014.
 Notwithstanding these gains, the index in June 2015 had recovered only about half of its recession-period
 decline of 33 percent.  Compared with the index for construction supplies, the index for business supplies
 declined less steeply during the recession and rebounded less sharply during the recovery, and its most
 recent reading was about 5 percent below its pre-recession peak.

       The output of materials has recovered strongly since the recession; however, as currently estimated,
 the recovery is not quite as strong as previously estimated.  Still, by mid-2015, it stood about 10 percent
 above its pre-recession peak.  The production of materials advanced, on average, just under 3-1/2 percent
 over the 2010-12 period; output moved up more rapidly in 2014 and has fallen back somewhat in the first
 half of 2015.

       Within materials, the recovery from the recession has been uneven.  In every year from 2011 through
 2014, all categories of durable goods materials and for energy materials have increased.  By contrast, the
 output of nondurable materials declined in 2011, was little changed in 2012, 2013, and so far in 2015; it
 moved up about 1 percent in 2014.  Relative to earlier estimates, on net, the indexes for both durable and
 nondurable materials have been lower in recent years, while the output of energy materials has been higher.

 Capacity

       Total industrial capacity contracted in 2010 before increasing in 2011, 2012, 2013, and 2014 (table
 5).5  Capacity is expected to increase further in 2015.  Relative to previous estimates, the gains in total
 industrial capacity are somewhat smaller in recent years, especially in 2014.

       After having decreased each year from 2008 to 2010, manufacturing capacity rose modestly in each year
 from 2011 through 2014 and is expected to move up again in 2015.  The strongest gain in recent years was in
 2012 when manufacturing capacity advanced 1.9 percent.  Relative to earlier estimates, the gains in recent
 years, particularly in 2014, are now weaker.  Capacity in durable manufacturing industries advanced
 modestly in each year from 2011 to 2014, and it is expected to continue along that path in 2015.  The rate
 of change in durable manufacturing capacity is now reported to have increased at a somewhat slower rate in
 recent years; much of that weakness is attributable to lower estimates for the capacity index for selected
 high-technology industries.  For nondurable manufacturing, capacity contracted in each year from 2008 to
 2011 before increasing in 2012 and flattening out in 2013 and 2014; the gain in 2015 is expected to be
 modest.  Relative to the previous estimates, the rate of change for nondurables manufacturing capacity is
 now estimated to have increased somewhat more in 2012 and to have shown less of a gain in 2014.  The
 capacity index for non-NAICS manufacturing has registered declines or been unchanged in each year since
 2007.

       Capacity at mines increased sharply in each year from 2011 through 2014; further gains are expected
 in 2015.  Relative to previous estimates, the rate of change in 2011 is now smaller, but the rates in other
 recent years are larger.  Capacity at utilities increased in each year from 2011 to 2014, with another
 increase expected in 2015; the revised gains are little changed from the earlier estimates.

       By stage of processing, capacity recorded gains of 4 percent or more in each year from 2011 through
 2014; capacity is expected to increase further in 2015.  Relative to previous estimates, the increases in
 capacity at the crude stage are now reported to be considerably higher in 2012 and 2013 and a little lower
 in 2011 and 2014.  Capacity at the primary and semifinished stages then increased in 2011 through 2014,
 with further expansion expected for 2015.  The largest difference between the previous and current
 increases in capacity at the primary and semifinished stages is that the gain in 2014 is now estimated to
 have been smaller.  For finished goods industries, the contour of capacity shows noticeably weaker gains in
 recent years.  Capacity for these producers declined in 2011 and then recorded moderate gains in 2012,
 2013, and 2014, with similar-sized gains expected for 2015.  The rates of change for capacity in the
 finished goods stage are smaller than previously reported for recent years.

 Capacity Utilization

       After having dropped steeply during the recession, capacity utilization rose briskly in 2010, more
 moderately in 2011, and then was little changed, on net, through 2013.  Capacity utilization moved up in
 2014, but it has fallen back somewhat in the first half of this year.6  In the second quarter of 2015,
 capacity utilization for total industry was 77.8 percent, a rate 2.3 percentage points below its long-run
 average of 80.1 percent (table 6 and table 8).  Compared with earlier estimates, capacity utilization for
 total industry is now reported to have been about 3/4 percentage point lower in 2012 and 2014 and about
 1-1/2 percentage point lower in 2013.

       The capacity utilization rate for manufacturing increased only modestly, on net, in the
 post-recession period from 2011 to 2013; it moved up more strongly in 2014 before falling back a bit thus
 far in 2015.  Relative to previous reports, the capacity utilization rates for manufacturing are now lower
 in recent years because the downward revisions to the estimates of production were larger than the downward
 revisions to the estimates of capacity.  At 75.8 percent, the rate for June 2015 was 1.4 percentage points
 below its previously published level and 2.7 percentage points below its long-run average.

       The utilization rate for durable manufacturing posted gains in each year from 2011 to 2014, when it
 reached its long-run average of 76.9 percent, although it has fallen back so far in 2015.  Among durable
 goods manufacturers in the second quarter of 2015, 6 of the 11 major industry groups in table 6 were
 operating at utilization rates above their long-run averages:  fabricated metal products; electrical
 equipment, appliances, and components; motor vehicles and parts; aerospace and miscellaneous transportation
 equipment; furniture and related products; and miscellaneous goods manufacturing.  Only the nonmetallic
 mineral products industry was operating at a rate far below its long-run average.

       The utilization rate for nondurable manufacturing increased less than 1 percentage point, on net,
 between 2011 and the second quarter of 2015, when it was 77.3 percent, more than 3 percent below its
 long-run average.  The rates for nondurables in 2012, 2013, and 2014 are at least 2-1/2 percent lower in
 each year than was previously estimated.

       As of the second quarter of 2015, among nondurable manufacturing industry groups, that of petroleum
 and coal products was operating at a rate just above its long-run average; the operating rates for all
 other categories were still below their industry-specific long-run averages (tables 6 and 8), with the
 rates for apparel and leather and for printing and support being well below their long-run averages.

       For 2011, 2012, and 2013, capacity utilization rates for mining were close to 88.5 percent, a rate
 that is 1 percentage point above its long-run average.  The utilization rate at mines moved up to 90.7
 percent in 2014, but with the recent decline in drilling IP, it fell to 84.7 percent in the second quarter
 of 2015.  Relative to earlier estimates, capacity utilization in mining is now reported to be a little
 higher in recent years.  The operating rates for utilities have been below their long-run average of 85.9
 percent for the past several years.  The current estimates of utilization at utilities are very similar to
 the previously reported rates.

 TECHNICAL ASPECTS OF THE REVISION

       The industrial production statistics are monthly production indexes that represent the level of real
 output relative to a base year.  At the monthly frequency, movements of the indexes are based on indicators
 that are derived using industry-specific data from a variety of government and private sources.  The
 monthly production indexes, however, are anchored to annual benchmarks that are less timely but typically
 based on more-comprehensive data.  Annual revisions to the industrial production and capacity measures
 involve (1) incorporating into the indexes new monthly or quarterly data that were revised or arrived too
 late to be included in the regular six-month reporting window for monthly IP; (2) updating seasonal
 adjustment factors; (3) incorporating new annual benchmark data on output, prices, and value-added
 proportions; and (4) updating the methods used to construct the indexes.

       This revision includes comprehensive annual data for both 2012 and 2013 for manufacturing production.
 The results of the Economic Census for 2012 and the Annual Survey of Manufactures for 2013 became available
 since the previous annual revision was published in March 2014.  In addition, updated results from the ASM
 for 2011 were incorporated.  For most industries, this revision integrated producer price indexes (PPIs)
 from the BLS.  For a few selected industries, updated price indexes constructed by the Federal Reserve were
 incorporated.7  In addition, the benchmark indexes for logging, metallic and nonmetallic mining, and
 publishing were advanced through 2013 or 2014 based on data from the U.S. Forest Service, the U.S.
 Geological Survey, and the U.S. Census Bureau.

       The revised IP indexes include information from the Quarterly Survey of Plant Capacity Utilization
 for 2014 and from other industry reports.  The indexes also incorporate revised monthly and quarterly
 source data on production, shipments, and inventories.

 Conversion to the 2012 North American Industry Classification System

       Industrial production and capacity utilization are structured to follow a single-industry
 classification system.  With this revision, the industrial production and capacity indexes were classified
 according to the 2012 NAICS; previously, they were classified according to the 2007 NAICS.  To maintain
 consistent time series, the transformation of the indexes to the 2012 NAICS covers the period from 1972
 forward.

       For the industrial sector, the primary difference between the 2007 NAICS and the 2012 NAICS involves
 several instances where multiple closely-related six-digit 2007 NAICS categories were consolidated into a
 single six-digit 2012 NAICS category.  For example, under the 2007 system, NAICS 331311 (Alumina Refining)
 and NAICS 331312 (Primary Aluminum Production) were separate industries, but under the 2012 system, they
 have been merged into NAICS 331313 (Alumina Refining and Primary Aluminum Production).  Overall, more than
 70 six-digit 2012 NAICS categories have different coverage than they did in the 2007 NAICS.

       The implementation of the 2012 NAICS contributed to a reduction in the number of industrial
 production and capacity indexes.  Prior to this annual revision, 312 individual industrial production
 indexes and 89 individual capacity indexes covered the industrial sector from 2012 forward.  With this
 revision, 299 individual production indexes and 88 individual capacity indexes are estimated for the same
 period.

 Annual Benchmark Real Output Indexes

       The annual benchmark output indexes for IP are measures of real gross output at the six-digit NAICS
 level.  The Census Bureau provides annual figures for value added and the cost of materials for
 manufacturing industries, which can be summed to obtain nominal gross output.  The benchmark indexes for
 this revision incorporated revised information for 2011 and updated and new information for 2012 and 2013
 from the Economic Census and the ASM.

       To obtain individual benchmarks of real gross output, the measures of nominal gross output were
 deflated by annual price deflators.  For most industries, this revision incorporated the BLS PPIs as the
 deflators for the IP benchmarks for recent years.  Prior to the current revision, the benchmark IP indexes
 primarily reflected annual shipments deflators for six-digit NAICS industries from the Bureau of Economic
 Analysis (BEA); however, these deflators are no longer available at that level of detail.  In general, the
 benchmark industry price deflators consist of information from the BEA through 2011 and are extended
 through 2013 with the related PPIs.8

  Changes to annual benchmark index for computer storage device manufacturing

       This revision updates the price index that is used to deflate nominal gross output in the annual
 benchmark index for computer storage device manufacturing (NAICS 334112).9  The new industry-level price
 index is a chain-weighted Fisher price index that combines information from IDC on prices for large-scale
 storage devices (devices with three or more drives) with product price indexes from the BLS for related
 parts and accessories, for secondary products, and for miscellaneous receipts.  The weights used in the
 chain aggregation are derived from each product's share of overall industry shipments as published in the
 Economic Census and ASM.  Prior to the current annual revision, the annual benchmark index used the BEA's
 industry shipments deflator, which was based on BLS PPIs for the full range of products in the industry.

       The segment of the new price deflator that was based on large-scale storage devices was constructed
 using quarterly frequency data from IDC on factory revenue and the number of units shipped for the 2002-14
 period.  These data cover more than 700 models and, using further detailed information on installation
 type, transmission protocol, and redundancy, yielded over 1,500 distinct items.  Item prices were
 constructed by dividing revenue by terabytes of capacity shipped.  The overall price index was constructed
 using a "matched model" method that aggregates the item-level relative price changes with weights based on
 revenue using a Fisher-ideal index formula.

       The new price deflator for computer storage device manufacturing falls considerably faster than the
 previously used deflator.  From 2002 through 2014, the new price deflator fell, on average, almost 23
 percent per year, whereas the previous deflator fell about 7 percent per year.  The more rapid declines in
 the new price deflator imply much faster real output growth for the industry than was reported earlier.

  Changes to annual benchmark index for communications equipment

       With this revision, the benchmark price deflators for various components of communications equipment
 were updated.  For the period from 2007 through 2013, the price index for enterprise and home voice
 equipment is constructed from data on units and the value of shipments for a variety of types of enterprise
 telephones.  Previously, the price index for this period used similar information from the Telecom Industry
 Association (TIA); however, data are available at a quarterly frequency (rather than annual) from Dell'Oro,
 and they include more-detailed product-level information than the TIA data.  For the period from 2001
 through 2006, the price index continues to use product-level data on units and shipments from the Consumer
 Electronics Association (CEA) that are even more detailed than the Dell'Oro data.  An adjustment is imposed
 for the 2007-13 period to account for the difference in the average rate of change between the price index
 based on the Dell'Oro data and the price index based on the CEA data for the overlap period from 2002 to
 2006.  Previously, an analogous adjustment accounted for differences between the price indexes constructed
 from the TIA data and from the CEA data.

       The benchmark price deflators were also updated for the period from 2002 forward for different types
 of transmission, local loop, and legacy central office equipment.  For wave division multiplexing (WDM)
 products--equipment used in fiber-optic communications--the price index is now derived from detailed prices
 based on measures of a transmission capacity (price per wavelength port); previously, the price index for
 WDM products relied on detailed prices of different categories of WDM equipment (for example, long-haul,
 metro).  The new price index more carefully accounts for the increase in capacity per unit for each
 equipment category over time.

       An updated benchmark price index was also constructed for other (non-fiber optic) long-haul
 transmission equipment.  For the period beginning in 2009, this revision folded in quarterly frequency data
 from Dell'Oro on price per port for three kinds of microwave transmission equipment:  time-division
 multiplexing microwave, packet microwave, and hybrid microwave.  Prior to this revision, the price index
 for other (non-fiber optic) long-haul transmission equipment was constructed as a weighted average of the
 relevant PPI (two-thirds weight) and the fiber-optic transmission index (one-third weight) for the period
 beginning in 2009.  The updated index prior to 2009 continues to use this weighted average.

       The benchmark price index for wireless networking equipment was updated with this revision.  For each
 of the five categories of cellular base stations, the price indexes are now based on average price per
 transceiver rather than price per unit.  The new price measures better account for the increase in wireless
 signal transmission capacity per base station over time.  The underlying data continue to be from Dell'Oro
 and cover 2003 to 2014.

 Methodological Changes to Individual Production Indexes

       A few production indicators were affected by methodological changes in this revision.

   Gypsum

       With this annual revision, the IP index for gypsum (NAICS 32742) has been updated to incorporate
 quarterly data on short tons of calcined gypsum from the Gypsum Association as a preliminary indicator
 until the primary indicator becomes available.  The primary indicator for the gypsum industry output
 continues to be quarterly data from the USGS.  Typically, the Gypsum Association data are issued one month
 earlier than the USGS data.

   Nuclear materials

       With this revision, the IP index for nuclear materials (NAICS 32518, part) incorporates data on
 uranium enrichment capacity from URENCO, the nation's sole supplier of enriched uranium to nuclear power
 utilities.  The enrichment technology used by URENCO dictates that processes are always operating at full
 utilization, so a measure of capacity is also a measure of output.  Previously, the production indicator
 for nuclear materials used sales of electric power to other uranium enrichment facilities, but all of these
 other facilities have closed.

   Reweighting of within-industry products

       For many indexes that are constructed from information on a variety of products, the high-frequency
 indicator for industry output is derived from a weighted sum of these products.  With this annual revision,
 the weights applied to the various products for these indexes were reviewed.  In general, the product
 weights reflect the long-term relative prices of those products.  For industries where the relative prices
 of the various products have remained stable over time, it was not necessary to change the formulas.
 However, weights in the formulas were updated for the following three industries where the relative prices
 of various products had evolved markedly:  other nonmetallic mineral mining and quarrying (NAICS 21239),
 farm machinery (NAICS 333111), and travel trailer and camper (NAICS 336214).

 Changes to Individual Capacity Indexes

   Fertilizer

       With this revision, the capacity index for fertilizer (NAICS 32531) beginning in 1997 is based on
 data for capacity in short tons from The Fertilizer Institute for anhydrous ammonia, ammonium nitrate,
 ammonium sulfate, urea and ammonium nitrate solutions, phosphoric acid, and urea.  For the period prior to
 1997, the capacity index is still based on utilization rates from the Census Bureau's Survey of Plant
 Capacity.

 Adjustments to Market Groups

        The industrial production indexes are organized in two main ways:  industry groups and market groups.
 Industry groups reflect a supply-oriented classification where the output is grouped based on the NAICS
 industries of the producers.  Market groups reflect a demand-oriented classification where output is
 grouped according to the purchaser and by how the output is used.  An industry's output is often allocated
 across a variety of market groups.  Whenever possible, an industry's market group allocation is determined
 through detailed product-level data.  For example, the IP index for steel mill products (NAICS 3311 and
 NAICS 3312) uses data from the American Iron and Steel Institute that includes information on the
 end-market (for example, automotive, construction, or oil patch) classifications for different types of
 steel.  These classifications are used to allocate the production of steel mill products to different
 market groups.  For industries where market-level detail is not available, an industry's market group
 allocation is determined based on information provided in the BEA's Input-Output (I-O) tables, which are
 issued every five years.

        This revision incorporates information from the BEA's 2007 I-O tables (which were published in late 2013)
 to update the weights that are used to allocate industry output across various market groups.  For years
 after 2007, the allocation weights were assumed to be identical to those for 2007.  Between 2002 (the year
 covered by the previous I-O table) and 2007, the shares are linear combinations of the 2002 and 2007
 weights.  If the I-O tables indicate that only a very small share of an industry's output is consumed by a
 particular market group, the allocation weight for that market group will be zero.

        With the incorporation of the 2007 I-O tables, the market group allocation for only one industry,
 chocolate and confectionery manufacturing (NAICS 31135), needed to be updated.  Previously, the market
 group allocation followed the 2002 I-O tables, which indicated that the overwhelming majority of output of
 chocolate was supplied to consumers.  Consequently, the output of this industry had been assigned entirely
 to the foods and tobacco component of nondurable consumer goods.  Following the 2007 I-O tables, the
 revised market group structure assigns 70 percent of the output of the chocolate industry to the foods and
 tobacco group and the remainder to miscellaneous nondurable materials.

  Weights for Aggregation

       The IP system is organized as a hierarchical structure where the finest-level production indexes are
 aggregated using a version of the Fisher-ideal index formula to construct higher-level measures of
 production.  The weights that are used to combine individual IP measures into more aggregate measures are
 based on the value added from the industry, calculated as gross output less cost of materials.  For IP
 indexes that are defined at the six-digit (or more aggregate) NAICS level, the value-added weights are
 derived from the Economic Census or ASM.  For IP indexes that cover only part of a six-digit NAICS
 industry, the aggregation weights were constructed by allocating value-added for a six-digit industry
 across the various components of IP that compose that industry.  Data from the Economic Census and ASM on
 shipments of different types of products within a six-digit NAICS industry were used to determine the share
 of an industry's value-added that was assigned to each component IP index.

       The Federal Reserve derives estimates of value added for the electric and gas utility industries from
 annual revenue and expense data issued by other organizations.  The weights for aggregation for mining
 industries are derived from value-added data from the Economic Census.  For some industries, however, data
 are still not available for 2012, so the 2007 weights were extended based, in part, on commodities prices.

       The weights for aggregation expressed as value-added per unit were estimated with data on producer
 prices for the period after 2013.  Table 12 shows the annual value-added proportions in the IP index from
 2007 through 2014.

  Revised Quarterly and Monthly Data

        This revision incorporated product data that became available or were revised after the regular six-month
 reporting window for monthly IP was closed.  These data were released with too great of a lag to be
 included with monthly IP estimates but were available for inclusion in the annual revision.

  Revised Seasonal Factors

       Seasonal factors for production-worker hours--which adjust for timing, holiday, and monthly seasonal
 patterns--were updated with data through May 2015.  The updated factors for the physical product series,
 which include adjustments for holiday and workday patterns, used data through March 2015 where available.

       Seasonal factors for unit motor vehicle assemblies have been updated, and projections through
 December 2016 are available on the Board's website at www.federalreserve.gov/releases/g17/mvsf.htm.  These
 factors are based on production data through April 2015 and were revised back to January 1996.  The
 seasonal factors explicitly incorporate the holiday schedule for the vehicle assembly lines.  The AFL-CIO's
 current collective bargaining agreements with domestic manufacturers, however, expire at the end of the
 third quarter of 2015.  Factors for the fourth quarter of 2015 and for 2016 were estimated based on the
 holiday schedule in place over the past three years. Once the new agreements are finalized, the seasonal
 factors will be updated to reflect the agreed-upon holiday schedule over the terms of the contracts.
 Notice
 Data Availability and Publication Changes

       Files containing the revised data and the text and tables from this release are available on the
 Board's website at www.federalreserve.gov/releases/g17, as are updated data for the annual revision and for
 all of the regularly issued series on industrial production, capacity, and capacity utilization.  As part
 of the reclassification from 2007 NAICS codes to 2012 NAICS codes, a number of changes will be made to the
 published indexes.  The aggregate index for all other basic inorganic chemicals (2007 NAICS 325188) has
 been discontinued.  Other changes are listed on the Board's website at www.federal
 reserve.gov/releases/g17/g17_revision_series.htm.

       A document with printed tables of the revised estimates of series shown in the G.17 release is
 available upon request to the Industrial Output Section, Mail Stop 82, Division of Research and Statistics,
 Board of Governors of the Federal Reserve System, Washington, DC 20551.

 1 The revision affected rates of change for IP from 1972 forward.  When necessary to maintain consistency
 with any revisions to the data for 1972 and subsequent years, the levels of the production and capacity
 indexes for the years before 1972 were multiplied by a constant.  However, utilization rates and the rates
 of change in IP for the years before 1972 were not revised.
 2 Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth
 quarter of the previous year to the fourth quarter of the year specified.  For 2015, the rates are
 calculated from the fourth quarter of 2014 to the second quarter of 2015 and are annualized.
 3 In this section, all of the rates of change for a full year are calculated from the fourth quarter of the
 previous year to the fourth quarter of the reference year.  Rates of change on a half-year basis are shown
 in table 7.
 4 Manufacturing consists of those industries in the North American Industry Classification System
 definition of manufacturing, plus those industries--logging and newspaper, periodical, book, and directory
 publishing--that were in the manufacturing sector under the Standard Industrial Classification system.
 5 In this section, all of the rates of change for a full year are calculated from the fourth quarter of the
 previous year to the fourth quarter of the reference year.
 6 Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the
 reference year.
 7 Price indexes for pharmaceuticals (NAICS 325412), for semiconductors (NAICS 334413), for most components
 of communications equipment (NAICS 3342), and for computer storage devices (NAICS 334112) are constructed
 by the Federal Reserve from alternative sources.  A table that lists annual and quarterly price indexes for
 the networking equipment component of communications equipment follows the text.
 8 Overall, at the industry level, the BEA measures and PPI measures are quite similar, as the BEA used
 weighted product-level PPIs to derive their industry-level shipments deflator.
 9 A detailed explanation of the new price index for computer storage device manufacturing can be found at
 www.federalreserve.gov/econresdata/notes/feds-notes/2015/prices-for-data-storage-equipment-and-the-state-of-
 it-innovation-20150701.html.
 ---------------
 ------------------------------------------------------------
 ---------------
 ------------------------------------------------------------
1Table 1A
 Industrial Production : Total
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <1>
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1985           |   -.2     .4     .2    -.3     .1     .1    -.7     .4     .5    -.4     .3    1.0 |   1.2     .3    -.6    2.4 |      1.2 
  1986           |    .5    -.7    -.7     .1     .2    -.3     .5    -.1     .2     .5     .5     .9 |   2.4   -2.4    1.5    4.6 |      1.0 
                 |                                                                                    |                            |
  1987           |   -.3    1.3     .2     .6     .6     .5     .7     .8     .2    1.5     .5     .5 |   5.4    7.2    7.7   10.0 |      5.2 
  1988           |    .1     .4     .2     .5    -.1     .3     .1     .4    -.3     .5     .2     .5 |   3.7    3.4    1.6    2.9 |      5.2 
  1989           |    .3    -.5     .3     .1    -.7     .1    -.9     .9    -.3    -.1     .3     .6 |   1.8   -1.4   -2.6    1.7 |       .9 
  1990           |   -.6     .9     .5    -.1     .2     .3    -.1     .3     .2    -.8   -1.2    -.7 |   2.8    3.2    1.7   -6.1 |      1.0 
  1991           |   -.4    -.7    -.6     .2    1.0     .9     .0     .1     .9    -.2    -.1    -.4 |  -7.4    2.4    5.5     .9 |     -1.5 
                 |                                                                                    |                            |
  1992           |   -.6     .7     .9     .7     .3     .0     .9    -.5     .2     .8     .4     .1 |   -.6    7.4    3.0    4.3 |      2.9 
  1993           |    .4     .4    -.1     .3    -.3     .2     .3    -.1     .5     .8     .4     .5 |   3.6     .9    1.7    6.2 |      3.3 
  1994           |    .4     .0    1.0     .5     .5     .7     .2     .6     .4     .9     .6    1.1 |   5.0    7.5    5.3    8.6 |      5.3 
  1995           |    .2    -.1     .2     .0     .3     .4    -.4    1.3     .4    -.1     .3     .4 |   4.5    1.4    3.8    3.5 |      4.8 
  1996           |   -.7    1.6    -.1     .9     .7     .8    -.2     .6     .7    -.1     .9     .7 |   2.7    8.7    5.1    5.7 |      4.5 
                 |                                                                                    |                            |
  1997           |    .1    1.2     .7     .1     .6     .5     .8    1.1     .9     .9     .9     .3 |   7.9    6.3    9.7   10.8 |      7.3 
  1998           |    .5     .1     .1     .4     .6    -.6    -.4    2.0    -.2     .8    -.1     .4 |   4.7    2.7    2.8    5.7 |      5.9 
  1999           |    .5     .5     .2     .2     .7    -.2     .6     .4    -.4    1.3     .5     .8 |   4.3    3.9    3.8    7.5 |      4.3 
  2000           |    .0     .3     .4     .8     .2     .1    -.1    -.4     .4    -.3     .0    -.3 |   4.4    5.4    -.3   -1.1 |      4.1 
  2001           |   -.7    -.6    -.3    -.3    -.7    -.7    -.5    -.2    -.3    -.5    -.5     .0 |  -5.5   -5.4   -5.7   -4.4 |     -3.3 
                 |                                                                                    |                            |
  2002           |    .6     .0     .8     .4     .4    1.0    -.2     .0     .1    -.3     .5    -.5 |   2.9    6.4    2.4    -.2 |       .3 
  2003           |    .7     .3    -.2    -.8     .0     .1     .4    -.2     .6     .1     .8    -.1 |   2.6   -2.9    2.4    3.8 |      1.3 
  2004           |    .2     .6    -.5     .4     .8    -.8     .8     .1     .1     .9     .2     .7 |   2.3    1.8    2.2    5.7 |      2.4 
  2005           |    .5     .7    -.1     .1     .2     .4    -.3     .2   -1.9    1.3    1.0     .6 |   5.8    2.1   -1.9    3.8 |      3.3 
  2006           |    .1     .0     .3     .4    -.1     .4     .0     .3    -.1     .0    -.1    1.0 |   3.7    2.4    1.5    1.0 |      2.2 
                 |                                                                                    |                            |
  2007           |   -.5    1.1     .1     .7     .0     .0     .0     .2     .4    -.5     .6     .0 |   3.7    5.0     .9     .6 |      2.5 
  2008           |   -.3    -.3    -.3    -.7    -.5    -.2    -.5   -1.5   -4.3     .9   -1.2   -2.9 |  -1.4   -5.4  -12.1  -15.9 |     -3.4 
  2009           |  -2.3    -.6   -1.5    -.8   -1.0    -.4    1.1    1.1     .8     .4     .3     .4 | -20.3  -11.0    5.9    6.6 |    -11.3 
  2010           |   1.2     .3     .7     .4    1.5     .2     .5     .3     .2    -.2     .0     .9 |   8.0    8.3    6.0    1.5 |      5.6 
  2011           |    .0    -.5     .9    -.4     .3     .2     .4     .6     .0     .7    -.1     .5 |   2.2     .9    4.4    3.9 |      3.0 
                 |                                                                                    |                            |
  2012           |    .7     .2    -.7     .8     .1    -.1     .3    -.4     .1     .3     .5     .2 |   3.9    2.2     .1    2.2 |      2.8 
  2013           |    .1     .4     .2     .0    -.1     .2    -.4     .8     .6     .0     .3     .3 |   2.9    1.1    1.7    3.7 |      1.9 
  2014           |   -.2     .8     .8     .2     .4     .4     .3     .0     .5     .2     .9     .1 |   3.6    5.7    3.9    4.7 |      3.7 
  2015           |   -.3    -.1    -.1    -.3    -.2     .2                                           |   -.2   -1.7               |          
                 |                                                                                    |                            |
 IP (2012=100)   |                                                                                    |                            |
  1985           |  56.3   56.6   56.7   56.5   56.6   56.6   56.2   56.5   56.7   56.5   56.7   57.3 |  56.5   56.6   56.5   56.8 |     56.6 
  1986           |  57.5   57.1   56.8   56.8   56.9   56.7   57.0   57.0   57.1   57.3   57.6   58.1 |  57.2   56.8   57.0   57.7 |     57.2 
                 |                                                                                    |                            |
  1987           |  57.9   58.6   58.8   59.1   59.5   59.8   60.2   60.7   60.8   61.7   62.0   62.3 |  58.4   59.5   60.6   62.0 |     60.1 
  1988           |  62.4   62.6   62.8   63.1   63.1   63.2   63.3   63.5   63.4   63.7   63.8   64.1 |  62.6   63.1   63.4   63.8 |     63.2 
  1989           |  64.3   64.0   64.1   64.2   63.7   63.8   63.2   63.7   63.5   63.5   63.7   64.1 |  64.1   63.9   63.5   63.7 |     63.8 
  1990           |  63.7   64.3   64.6   64.5   64.7   64.9   64.8   65.0   65.1   64.6   63.8   63.4 |  64.2   64.7   65.0   64.0 |     64.4 
  1991           |  63.1   62.7   62.4   62.5   63.1   63.7   63.7   63.8   64.4   64.2   64.2   63.9 |  62.7   63.1   64.0   64.1 |     63.5 
                 |                                                                                    |                            |
  1992           |  63.5   64.0   64.5   65.0   65.2   65.3   65.8   65.5   65.6   66.1   66.4   66.5 |  64.0   65.2   65.7   66.4 |     65.3 
  1993           |  66.8   67.0   67.0   67.2   67.0   67.1   67.3   67.2   67.6   68.1   68.4   68.7 |  66.9   67.1   67.4   68.4 |     67.4 
  1994           |  69.0   69.0   69.7   70.1   70.5   70.9   71.0   71.4   71.7   72.3   72.8   73.6 |  69.2   70.5   71.4   72.9 |     71.0 
  1995           |  73.7   73.6   73.7   73.7   73.9   74.2   73.9   74.9   75.2   75.1   75.2   75.5 |  73.7   74.0   74.6   75.3 |     74.4 
  1996           |  75.0   76.2   76.1   76.8   77.3   78.0   77.9   78.3   78.9   78.8   79.5   80.0 |  75.8   77.4   78.3   79.4 |     77.7 
                 |                                                                                    |                            |
  1997           |  80.1   81.1   81.7   81.7   82.2   82.7   83.3   84.2   84.9   85.7   86.5   86.8 |  81.0   82.2   84.1   86.3 |     83.4 
  1998           |  87.2   87.3   87.4   87.7   88.3   87.7   87.4   89.2   89.0   89.7   89.6   89.9 |  87.3   87.9   88.5   89.7 |     88.4 
  1999           |  90.3   90.8   90.9   91.2   91.8   91.7   92.3   92.6   92.3   93.5   94.0   94.7 |  90.7   91.6   92.4   94.1 |     92.2 
  2000           |  94.8   95.1   95.5   96.2   96.4   96.5   96.4   96.0   96.4   96.1   96.1   95.8 |  95.1   96.4   96.3   96.0 |     95.9 
  2001           |  95.2   94.6   94.3   94.0   93.4   92.7   92.2   92.0   91.7   91.3   90.8   90.8 |  94.7   93.4   92.0   91.0 |     92.8 
                 |                                                                                    |                            |
  2002           |  91.4   91.4   92.1   92.5   92.9   93.8   93.6   93.6   93.7   93.4   93.9   93.5 |  91.6   93.1   93.6   93.6 |     93.0 
  2003           |  94.1   94.4   94.2   93.4   93.5   93.6   94.0   93.8   94.4   94.5   95.2   95.1 |  94.2   93.5   94.1   94.9 |     94.2 
  2004           |  95.3   95.8   95.3   95.7   96.4   95.6   96.4   96.4   96.5   97.4   97.6   98.3 |  95.5   95.9   96.4   97.8 |     96.4 
  2005           |  98.8   99.4   99.3   99.5   99.6  100.0   99.7   99.9   98.0   99.3  100.3  100.9 |  99.2   99.7   99.2  100.2 |     99.6 
  2006           | 101.0  101.0  101.3  101.7  101.5  101.9  101.9  102.3  102.1  102.1  102.0  103.0 | 101.1  101.7  102.1  102.3 |    101.8 
                 |                                                                                    |                            |
  2007           | 102.5  103.6  103.8  104.5  104.6  104.6  104.5  104.7  105.1  104.5  105.2  105.1 | 103.3  104.5  104.8  104.9 |    104.4 
  2008           | 104.9  104.6  104.3  103.5  103.1  102.8  102.3  100.8   96.5   97.4   96.1   93.4 | 104.6  103.1   99.9   95.6 |    100.8 
  2009           |  91.2   90.6   89.2   88.5   87.6   87.2   88.2   89.1   89.8   90.2   90.4   90.8 |  90.4   87.8   89.0   90.5 |     89.4 
  2010           |  91.8   92.1   92.7   93.1   94.5   94.7   95.2   95.5   95.7   95.5   95.5   96.4 |  92.2   94.1   95.5   95.8 |     94.4 
  2011           |  96.4   95.9   96.7   96.3   96.5   96.8   97.2   97.8   97.8   98.4   98.3   98.8 |  96.3   96.5   97.6   98.5 |     97.2 
                 |                                                                                    |                            |
  2012           |  99.5   99.7   99.1   99.9  100.1  100.0  100.3   99.8   99.9  100.2  100.6  100.9 |  99.4  100.0  100.0  100.6 |    100.0 
  2013           | 100.9  101.3  101.6  101.5  101.5  101.7  101.3  102.0  102.6  102.7  102.9  103.2 | 101.3  101.6  102.0  102.9 |    101.9 
  2014           | 103.0  103.8  104.7  104.9  105.2  105.7  106.1  106.1  106.7  106.8  107.8  107.9 | 103.8  105.3  106.3  107.5 |    105.7 
  2015           | 107.6  107.5  107.4  107.0  106.9  107.1                                           | 107.5  107.0               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
 
 
 
1Table 1B
 Capacity and Utilization: Total
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|    Annual
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2012 output)    |                                                                                    |                            |
  1985           |  70.6   70.7   70.9   71.1   71.3   71.4   71.6   71.7   71.9   72.0   72.1   72.2 |  70.7   71.3   71.7   72.1 |     71.5 
  1986           |  72.3   72.4   72.4   72.5   72.6   72.6   72.7   72.8   72.9   73.0   73.1   73.2 |  72.4   72.6   72.8   73.1 |     72.7 
                 |                                                                                    |                            |
  1987           |  73.3   73.5   73.6   73.7   73.9   74.0   74.2   74.3   74.4   74.5   74.6   74.7 |  73.5   73.9   74.3   74.6 |     74.1 
  1988           |  74.8   74.9   74.9   74.9   75.0   75.0   75.0   75.1   75.1   75.2   75.2   75.3 |  74.9   75.0   75.1   75.2 |     75.0 
  1989           |  75.4   75.5   75.6   75.8   75.9   76.1   76.2   76.4   76.6   76.7   76.9   77.1 |  75.5   75.9   76.4   76.9 |     76.2 
  1990           |  77.3   77.5   77.6   77.8   78.0   78.1   78.3   78.4   78.5   78.7   78.8   78.9 |  77.5   78.0   78.4   78.8 |     78.2 
  1991           |  79.0   79.1   79.1   79.2   79.3   79.4   79.5   79.6   79.7   79.8   79.9   80.0 |  79.1   79.3   79.6   79.9 |     79.5 
                 |                                                                                    |                            |
  1992           |  80.2   80.3   80.5   80.6   80.8   81.0   81.2   81.3   81.5   81.7   81.8   81.9 |  80.3   80.8   81.3   81.8 |     81.1 
  1993           |  82.1   82.2   82.3   82.4   82.6   82.7   82.8   82.9   83.0   83.2   83.3   83.5 |  82.2   82.6   82.9   83.3 |     82.8 
  1994           |  83.7   83.9   84.1   84.3   84.5   84.8   85.1   85.3   85.6   85.9   86.2   86.5 |  83.9   84.6   85.3   86.2 |     85.0 
  1995           |  86.8   87.1   87.4   87.8   88.1   88.4   88.7   89.1   89.4   89.8   90.2   90.6 |  87.1   88.1   89.1   90.2 |     88.6 
  1996           |  90.9   91.3   91.8   92.2   92.6   93.0   93.5   93.9   94.3   94.8   95.3   95.7 |  91.4   92.6   93.9   95.3 |     93.3 
                 |                                                                                    |                            |
  1997           |  96.2   96.7   97.2   97.7   98.3   98.8   99.4  100.0  100.6  101.3  102.0  102.6 |  96.7   98.3  100.0  102.0 |     99.2 
  1998           | 103.3  104.0  104.7  105.4  106.1  106.7  107.3  107.9  108.4  109.0  109.5  110.0 | 104.0  106.0  107.9  109.5 |    106.9 
  1999           | 110.5  111.0  111.4  111.9  112.3  112.7  113.2  113.6  114.0  114.4  114.9  115.3 | 111.0  112.3  113.6  114.9 |    112.9 
  2000           | 115.7  116.1  116.5  117.0  117.4  117.7  118.1  118.5  118.9  119.2  119.6  120.0 | 116.1  117.4  118.5  119.6 |    117.9 
  2001           | 120.3  120.6  121.0  121.3  121.6  121.9  122.2  122.5  122.8  123.0  123.2  123.5 | 120.6  121.6  122.5  123.2 |    122.0 
                 |                                                                                    |                            |
  2002           | 123.7  123.8  124.0  124.1  124.2  124.2  124.3  124.3  124.3  124.3  124.2  124.2 | 123.8  124.2  124.3  124.2 |    124.1 
  2003           | 124.1  124.1  124.0  124.0  123.9  123.9  123.8  123.8  123.8  123.7  123.7  123.6 | 124.1  123.9  123.8  123.7 |    123.9 
  2004           | 123.6  123.6  123.5  123.5  123.4  123.4  123.3  123.3  123.3  123.4  123.4  123.5 | 123.6  123.4  123.3  123.4 |    123.4 
  2005           | 123.6  123.7  123.8  124.0  124.2  124.4  124.5  124.7  124.9  125.1  125.3  125.5 | 123.7  124.2  124.7  125.3 |    124.5 
  2006           | 125.7  125.8  126.0  126.2  126.3  126.5  126.7  126.9  127.2  127.4  127.7  128.0 | 125.8  126.3  127.0  127.7 |    126.7 
                 |                                                                                    |                            |
  2007           | 128.3  128.5  128.8  129.1  129.3  129.5  129.7  129.8  129.9  130.0  130.0  129.9 | 128.5  129.3  129.8  129.9 |    129.4 
  2008           | 129.9  129.8  129.7  129.6  129.5  129.5  129.5  129.5  129.6  129.7  129.8  129.9 | 129.8  129.5  129.5  129.8 |    129.7 
  2009           | 130.0  130.2  130.2  130.3  130.4  130.4  130.3  130.3  130.1  130.0  129.8  129.6 | 130.1  130.4  130.2  129.8 |    130.1 
  2010           | 129.3  129.1  128.8  128.5  128.3  128.0  127.8  127.6  127.4  127.3  127.2  127.1 | 129.1  128.3  127.6  127.2 |    128.0 
  2011           | 127.1  127.1  127.1  127.1  127.2  127.4  127.5  127.7  127.9  128.2  128.4  128.7 | 127.1  127.2  127.7  128.4 |    127.6 
                 |                                                                                    |                            |
  2012           | 128.9  129.2  129.5  129.8  130.1  130.3  130.6  130.8  131.1  131.3  131.5  131.7 | 129.2  130.1  130.8  131.5 |    130.4 
  2013           | 131.9  132.0  132.2  132.4  132.5  132.7  132.9  133.0  133.2  133.4  133.6  133.8 | 132.0  132.5  133.0  133.6 |    132.8 
  2014           | 134.1  134.3  134.5  134.8  135.0  135.2  135.5  135.7  136.0  136.2  136.4  136.6 | 134.3  135.0  135.7  136.4 |    135.3 
  2015           | 136.8  137.0  137.1  137.3  137.5  137.6                                           | 137.0  137.5               |          
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1985           |  79.8   80.0   79.9   79.5   79.4   79.3   78.6   78.7   78.9   78.5   78.6   79.3 |  79.9   79.4   78.7   78.8 |     79.2 
  1986           |  79.6   79.0   78.4   78.3   78.4   78.1   78.4   78.3   78.3   78.6   78.8   79.4 |  79.0   78.3   78.3   78.9 |     78.6 
                 |                                                                                    |                            |
  1987           |  79.0   79.8   79.8   80.2   80.5   80.7   81.1   81.7   81.7   82.8   83.1   83.4 |  79.6   80.5   81.5   83.1 |     81.2 
  1988           |  83.4   83.7   83.8   84.2   84.1   84.3   84.3   84.6   84.3   84.7   84.8   85.1 |  83.6   84.2   84.4   84.8 |     84.3 
  1989           |  85.2   84.7   84.8   84.7   84.0   83.8   82.9   83.4   83.0   82.7   82.8   83.1 |  84.9   84.2   83.1   82.9 |     83.8 
  1990           |  82.4   83.0   83.2   83.0   82.9   83.0   82.8   82.9   82.9   82.1   81.1   80.4 |  82.9   83.0   82.8   81.2 |     82.5 
  1991           |  80.0   79.3   78.8   78.9   79.6   80.2   80.2   80.2   80.8   80.5   80.3   79.9 |  79.4   79.6   80.4   80.2 |     79.9 
                 |                                                                                    |                            |
  1992           |  79.2   79.7   80.2   80.6   80.7   80.6   81.1   80.5   80.6   81.0   81.2   81.1 |  79.7   80.6   80.7   81.1 |     80.6 
  1993           |  81.4   81.6   81.4   81.5   81.1   81.2   81.3   81.1   81.4   81.8   82.0   82.3 |  81.4   81.3   81.3   82.1 |     81.5 
  1994           |  82.4   82.3   82.9   83.1   83.3   83.6   83.5   83.7   83.7   84.2   84.4   85.0 |  82.5   83.4   83.7   84.5 |     83.5 
  1995           |  84.9   84.5   84.3   84.0   84.0   83.9   83.3   84.0   84.0   83.6   83.5   83.4 |  84.6   84.0   83.8   83.5 |     84.0 
  1996           |  82.5   83.4   83.0   83.3   83.5   83.8   83.3   83.4   83.6   83.1   83.4   83.6 |  83.0   83.6   83.4   83.4 |     83.3 
                 |                                                                                    |                            |
  1997           |  83.3   83.9   84.0   83.6   83.7   83.6   83.8   84.2   84.4   84.6   84.8   84.5 |  83.7   83.7   84.1   84.7 |     84.0 
  1998           |  84.4   83.9   83.5   83.2   83.2   82.2   81.4   82.6   82.0   82.3   81.8   81.8 |  83.9   82.9   82.0   82.0 |     82.7 
  1999           |  81.8   81.8   81.6   81.5   81.8   81.3   81.5   81.6   81.0   81.7   81.8   82.2 |  81.7   81.5   81.3   81.9 |     81.6 
  2000           |  81.9   81.9   81.9   82.2   82.1   81.9   81.6   81.0   81.1   80.6   80.4   79.9 |  81.9   82.1   81.3   80.3 |     81.4 
  2001           |  79.1   78.4   78.0   77.5   76.8   76.1   75.5   75.1   74.7   74.2   73.7   73.6 |  78.5   76.8   75.1   73.8 |     76.1 
                 |                                                                                    |                            |
  2002           |  73.9   73.8   74.3   74.6   74.8   75.5   75.3   75.3   75.4   75.2   75.6   75.2 |  74.0   75.0   75.3   75.3 |     74.9 
  2003           |  75.8   76.0   75.9   75.4   75.4   75.5   75.9   75.8   76.3   76.4   77.0   76.9 |  75.9   75.5   76.0   76.8 |     76.0 
  2004           |  77.1   77.6   77.2   77.5   78.1   77.5   78.1   78.2   78.2   79.0   79.1   79.6 |  77.3   77.7   78.2   79.2 |     78.1 
  2005           |  79.9   80.4   80.2   80.2   80.2   80.4   80.1   80.1   78.5   79.4   80.0   80.4 |  80.2   80.3   79.6   79.9 |     80.0 
  2006           |  80.4   80.3   80.4   80.6   80.4   80.6   80.4   80.5   80.3   80.1   79.8   80.5 |  80.4   80.5   80.4   80.1 |     80.3 
                 |                                                                                    |                            |
  2007           |  79.9   80.6   80.5   81.0   80.9   80.7   80.6   80.7   80.9   80.4   80.9   80.9 |  80.4   80.8   80.7   80.8 |     80.7 
  2008           |  80.7   80.6   80.4   79.9   79.6   79.4   79.0   77.8   74.5   75.1   74.1   71.9 |  80.6   79.6   77.1   73.7 |     77.7 
  2009           |  70.1   69.6   68.5   67.9   67.2   66.9   67.6   68.4   69.0   69.4   69.7   70.0 |  69.4   67.3   68.4   69.7 |     68.7 
  2010           |  71.0   71.4   72.0   72.4   73.6   73.9   74.4   74.8   75.1   75.0   75.1   75.8 |  71.4   73.3   74.8   75.3 |     73.7 
  2011           |  75.8   75.5   76.1   75.7   75.9   76.0   76.2   76.6   76.4   76.8   76.5   76.8 |  75.8   75.9   76.4   76.7 |     76.2 
                 |                                                                                    |                            |
  2012           |  77.2   77.2   76.5   77.0   76.9   76.7   76.8   76.3   76.2   76.3   76.5   76.6 |  77.0   76.9   76.4   76.5 |     76.7 
  2013           |  76.5   76.7   76.8   76.7   76.6   76.6   76.2   76.7   77.0   76.9   77.0   77.1 |  76.7   76.6   76.7   77.0 |     76.7 
  2014           |  76.8   77.3   77.8   77.8   78.0   78.2   78.3   78.2   78.5   78.5   79.0   79.0 |  77.3   78.0   78.3   78.8 |     78.1 
  2015           |  78.7   78.5   78.3   78.0   77.7   77.8                                           |  78.5   77.8               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 
 
 
 
 
 
 
1Table 2
 Rates of Change in Industrial Production, Market and Industry Group Summary: 2011-2015 <1>
 
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          |               |                                              |              Difference between
                                                          |               |                Revised change                |         revised and earlier changes
                                                          |               |                  (percent)                   |             (percentage points)
 Item                                                     |         NAICS |     2011     2012     2013     2014     2015 |     2011     2012     2013     2014     2015
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          |               |                                              |
  Total IP                                                |               |     2.8      2.1      2.3      4.5     -1.0  |     -.3     -1.1     -1.0      -.1      -.3 
                                                          |               |                                              |
  MARKET GROUP                                            |               |                                              |
  Final products and nonindustrial supplies               |               |     1.9      1.2      1.6      3.0      -.9  |     -.5     -1.6     -1.6      -.4       .0 
     Consumer goods                                       |               |      .6     -1.2      2.9      1.8      1.5  |    -1.4     -2.9      -.3      -.7      -.2 
        Durable                                           |               |     5.2       .1      9.5      5.9      4.3  |    -2.8     -6.2       .5       .3       .6 
           Automotive products                            |               |    11.6     -1.9     15.5      6.8      9.4  |    -3.5     -8.4      4.2      -.5      1.4 
           Home electronics                               |               |    12.1      7.0      2.4      3.4      4.8  |     6.9      9.6     -2.2     -2.5      2.7 
           Appliances, furniture, carpeting               |               |     1.0      2.0      5.6      7.6     -1.9  |     -.3     -1.7     -1.8      -.5       .9 
           Miscellaneous goods                            |               |    -2.1      1.4      3.8      4.2      -.5  |    -2.9     -6.1     -2.9      2.1      -.4 
        Nondurable                                        |               |     -.5     -1.6      1.3       .8       .8  |     -.9     -2.0      -.4      -.8      -.4 
           Non-energy                                     |               |      .0     -2.5      -.9      1.8       .7  |    -1.1     -2.7     -1.2      -.7      -.1 
              Foods and tobacco                           |               |     -.9      1.0      1.1       .4      1.3  |    -1.8     -2.1       .3     -1.8       .4 
              Clothing                                    |               |    -5.8     -6.7     -1.5       .1     -4.8  |     2.0     -5.2     -7.8     -2.3     -4.2 
              Chemical products                           |               |     2.0     -8.1     -4.9      6.3      2.3  |     -.6     -4.3     -4.6      1.7      -.5 
              Paper products                              |               |      .7     -4.8      -.5     -5.6     -6.9  |     1.0      1.5      2.4      -.7     -1.7 
           Energy                                         |               |    -1.6      1.1      7.3     -1.8       .8  |     -.4       .0      1.6     -1.0     -1.7 
                                                          |               |                                              |
     Business equipment                                   |               |     6.1      7.4     -1.5      7.3      -.4  |     1.5       .8     -4.9      1.1      -.7 
        Transit                                           |               |     8.6     19.5      1.4     11.8      4.4  |     1.5      4.9     -1.8      6.2      1.2 
        Information processing                            |               |     2.4      5.8      -.2      3.4      1.1  |     1.6      -.6     -4.1       .8     -1.0 
        Industrial and other                              |               |     6.8      3.6     -3.3      6.9     -3.3  |     1.5       .0     -6.6      -.8     -1.7 
     Defense and space equipment                          |               |     -.7       .6     -5.2      -.8       .3  |     -.1     -4.0     -6.9     -2.5      4.7 
                                                          |               |                                              |
     Construction supplies                                |               |     2.0      3.2      3.4      5.2     -2.2  |     -.5      -.6     -1.6       .0      1.0 
     Business supplies                                    |               |      .6      1.7      2.2      1.7      -.2  |      .1      -.4      -.8     -1.2      -.9 
                                                          |               |                                              |
  Materials                                               |               |     4.0      3.2      3.2      6.1     -1.0  |     -.1      -.6      -.2       .3      -.6 
     Non-energy                                           |               |     3.4      1.9      1.6      3.4      -.6  |     -.3     -2.6      -.9     -1.1       .4 
        Durable                                           |               |     6.5      3.0      2.4      4.8     -1.3  |     -.6     -3.1     -1.7     -1.1       .5 
           Consumer parts                                 |               |     8.8      8.7      4.0      9.0      4.8  |     3.6       .0     -2.4       .9      3.8 
           Equipment parts                                |               |    10.6      2.4       .8      4.0     -2.7  |    -1.3     -5.8     -3.3     -3.3      -.1 
           Other                                          |               |     2.8      1.7      3.0      3.8     -2.7  |    -1.3     -2.1      -.5      -.4      -.7 
        Nondurable                                        |               |    -1.0       .2       .4      1.1       .5  |      .1     -1.9       .3     -1.0       .3 
           Textile                                        |               |    -6.5     -1.4      6.7      1.5      4.3  |    -4.0       .2      5.0     -3.8     -1.4 
           Paper                                          |               |     -.2      1.1     -1.4     -1.8       .1  |     1.1      3.4     -1.0      -.7       .1 
           Chemical                                       |               |    -1.2      -.2       .0      2.4       .2  |      .4     -4.8      -.1     -1.1      -.1 
     Energy                                               |               |     4.9      5.2      5.6      9.9     -1.8  |      .1      2.6       .6      2.0     -2.4 
                                                          |               |                                              |
                                                          |               |                                              |
  INDUSTRY GROUP                                          |               |                                              |
  Manufacturing                                           |               |     2.7      1.5      1.3      3.4       .4  |     -.4     -1.9     -1.7      -.7       .1 
     Manufacturing (NAICS)                                |        31-33  |     2.9      1.9      1.4      3.9       .5  |     -.4     -2.0     -1.8      -.6       .2 
                                                          |               |                                              |
        Durable manufacturing                             |               |     5.4      3.6      2.0      5.1      -.3  |     -.6     -2.6     -2.9      -.5       .4 
           Wood products                                  |          321  |     1.0      7.8      5.3      4.2     -6.0  |      .1       .0     -3.7       .8       .0 
           Nonmetallic mineral products                   |          327  |     -.4      3.9      3.6      5.2      1.5  |     -.3      1.7      -.3     -2.2       .7 
           Primary metals                                 |          331  |     6.5     -4.5      5.5      1.2    -10.3  |    -2.0     -3.1      1.5     -1.2     -2.1 
           Fabricated metal products                      |          332  |     4.2      1.4      2.9      2.4      -.4  |    -2.3     -4.1     -1.9     -1.2      -.1 
           Machinery                                      |          333  |    10.0      2.3     -3.6      8.2     -5.2  |     1.9       .5     -8.5      -.9     -1.5 
           Computer and electronic products               |          334  |     6.4      6.3      -.5      3.6     -1.7  |     -.3     -6.6     -4.6     -1.4     -1.7 
           Electrical equip., appliances,                 |               |                                              |
              and components                              |          335  |     1.5      2.2      -.7      2.6      4.8  |     -.7     -1.8     -3.3      -.6     -1.1 
           Motor vehicles and parts                       |       3361-3  |    11.2      6.3     10.2      9.8      8.5  |     -.1     -5.3      1.3      2.6      2.3 
           Aerospace and miscellaneous                    |               |                                              |
              transportation equipment                    |       3364-9  |     6.4      8.2     -1.1      3.0      4.0  |      .0      3.2     -3.4     -2.5      3.4 
           Furniture and related products                 |          337  |     1.4      6.3      3.2      9.3     -2.1  |     1.5      2.0     -1.5      -.1      -.7 
           Miscellaneous                                  |          339  |    -4.2       .0      5.6      5.8     -2.5  |    -3.7     -7.3     -1.1       .9      1.3 
                                                          |               |                                              |
        Nondurable manufacturing                          |               |      .2       .0       .7      2.6      1.4  |     -.2     -1.3      -.5      -.7      -.1 
           Food, beverage, and tobacco products           |        311,2  |    -1.0      1.0      1.4       .7      1.6  |    -1.7     -2.3       .5     -1.8       .3 
           Textile and product mills                      |        313,4  |    -4.0     -2.1      5.5      1.7       .9  |    -3.5     -1.1      4.7     -2.4      -.4 
           Apparel and leather                            |        315,6  |    -5.9     -7.2      -.7       .4     -4.4  |     -.7     -5.3     -6.6     -1.2     -4.3 
           Paper                                          |          322  |     1.3      2.6     -2.0      -.9      -.5  |     1.8      4.7      -.6       .0       .4 
           Printing and support                           |          323  |    -3.5      -.5      3.0       .2       .6  |      .1      2.1      -.1     -1.5      -.2 
           Petroleum and coal products                    |          324  |     2.8      -.5      5.6       .1      5.5  |     -.2      1.0      4.0     -2.0      1.7 
           Chemicals                                      |          325  |      .8     -2.2     -1.9      4.5       .9  |      .7     -3.2     -2.6       .4      -.6 
           Plastics and rubber products                   |          326  |     1.4      4.8      2.1      9.7      1.5  |      .6      -.1     -2.3       .7      -.3 
                                                          |               |                                              |
     Other manufacturing (non-NAICS)                      |    1133,5111  |     -.5     -6.5     -1.6     -8.6     -2.9  |     -.3      -.3      1.8     -1.3     -1.8 
                                                          |               |                                              |
  Mining                                                  |           21  |     7.1      6.2      5.8     12.3     -8.2  |     -.3      2.0      1.0      2.2     -3.6 
  Utilities                                               |       2211,2  |    -2.2       .1      4.6     -1.0      -.8  |      .0       .0       .4      -.2      -.6 
     Electric                                             |         2211  |    -1.7      -.4      3.7      -.6      -.4  |      .0       .0       .4      -.3      -.4 
     Natural gas                                          |         2212  |    -5.7      4.0     11.0     -3.2     -4.2  |      .1       .0       .4       .9     -2.6 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
 <1>  Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
      previous year to the fourth quarter of the year specified in the column heading.  For 2015, the rates are calculated
      from the fourth quarter of 2014 to the second quarter 2015 and are annualized.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1Table 3
 Rates of Change in Industrial Production, Special Aggregates and Selected Detail: 2011-2015 <1>
 
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |              |                                         |           Difference between
                                                   |              |             Revised change              |       revised and earlier changes
                                                   |              |                (percent)                |           (percentage points)
 Item                                              |        NAICS |    2011    2012    2013    2014    2015 |    2011    2012    2013    2014    2015
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |              |                                         |
  Total industry                                   |              |    2.8     2.1     2.3     4.5    -1.0  |    -.3    -1.1    -1.0     -.1     -.3 
                                                   |              |                                         |
  Energy                                           |              |    3.3     3.6     5.6     6.6    -3.9  |     .0     1.8      .8     1.0    -2.0 
     Consumer products                             |              |   -1.6     1.1     7.3    -1.8      .8  |    -.4      .0     1.6    -1.0    -1.7 
     Commercial products                           |              |    -.4     1.4     4.7     1.3      .6  |    -.2      .0      .7     -.4     -.1 
     Oil and gas well drilling                     |      213111  |   21.1    -7.6    -1.3     7.3   -76.7  |    -.2     -.1     -.2      .0      .2 
     Converted fuel                                |              |     .0     4.6      .9      .8     1.2  |    1.4     4.3     -.1      .0    -1.0 
     Primary energy                                |              |    6.3     5.4     6.8    12.2    -2.7  |    -.3     2.1      .8     2.5    -2.9 
                                                   |              |                                         |
  Non-energy                                       |              |    2.7     1.5     1.1     3.6      .0  |    -.5    -2.2    -1.7     -.6      .2 
     Selected high-technology industries           |              |    8.0     9.8     2.6     1.6    -4.0  |    -.8    -7.1    -2.9    -4.6     -.8 
        Computers and peripheral equipment         |        3341  |     .6    20.6     -.9    10.3     6.9  |   20.6    18.0   -14.5    11.0     4.8 
        Communications equipment                   |        3342  |    3.7     3.0    13.6   -10.7     1.9  |   -7.4     4.5    11.0   -11.1     5.8 
        Semiconductors and related                 |              |                                         |
           electronic components                   |        3344  |   10.3     9.7      .2     4.1    -7.6  |   -3.2   -13.9    -4.7    -4.4    -3.9 
                                                   |              |                                         |
     Excluding selected high-technology            |              |                                         |
           industries                              |              |    2.4     1.1     1.0     3.6      .1  |    -.5    -2.0    -1.7     -.5      .2 
                                                   |              |                                         |
        Motor vehicles and parts                   |      3361-3  |   11.2     6.3    10.2     9.8     8.5  |    -.1    -5.3     1.3     2.6     2.3 
           Motor vehicles                          |        3361  |   13.2     1.1    14.6     8.1     9.3  |   -4.8   -11.5     2.9     2.0     -.1 
           Motor vehicle parts                     |        3363  |    9.1    10.5     5.4    11.6     8.6  |    4.3      .7     -.5     4.5     5.5 
                                                   |              |                                         |
        Excluding motor vehicles and parts         |              |    1.8      .8      .4     3.2     -.5  |    -.5    -1.7    -1.9     -.7     -.1 
           Consumer goods                          |              |     .0    -2.1     -.1     2.4      .7  |   -1.4    -3.2    -1.4     -.5     -.2 
           Business equipment                      |              |    7.0     6.8    -2.4     7.3    -1.4  |    1.5      .9    -6.1      .5    -1.2 
           Construction supplies                   |              |    1.9     3.2     3.4     5.3    -2.3  |    -.5     -.6    -1.6      .0      .9 
           Business supplies                       |              |     .0      .9     1.1     1.5      .1  |    -.2     -.6    -1.1    -1.6     -.9 
           Materials                               |              |    2.3      .6     1.5     2.7    -1.1  |    -.5    -1.9     -.5    -1.1      .0 
                                                   |              |                                         |
  Measures excluding selected high-technology      |              |                                         |
        industries                                 |              |                                         |
  Total industry                                   |              |    2.6     1.8     2.3     4.5     -.9  |    -.3     -.9     -.9      .0     -.3 
     Manufacturing<2>                              |              |    2.4     1.2     1.2     3.5      .5  |    -.4    -1.7    -1.6     -.5      .1 
        Durable                                    |              |    5.1     3.0     2.0     5.3     -.2  |    -.6    -2.1    -2.9     -.1      .4 
                                                   |              |                                         |
  Measures excluding motor vehicles and parts      |              |                                         |
  Total industry                                   |              |    2.5     1.9     2.0     4.2    -1.5  |    -.4     -.9    -1.1     -.3     -.5 
     Manufacturing<2>                              |              |    2.2     1.2      .7     3.0     -.2  |    -.4    -1.7    -1.9     -.9     -.1 
        Durable                                    |              |    4.7     3.2      .9     4.3    -1.7  |    -.7    -2.2    -3.5    -1.0      .0 
                                                   |              |                                         |
  Measures excluding selected high-technology      |              |                                         |
        industries and motor vehicles and parts    |              |                                         |
  Total industry                                   |              |    2.2     1.6     2.0     4.3    -1.4  |    -.3     -.7    -1.0     -.1     -.5 
     Manufacturing<2>                              |              |    1.9      .8      .6     3.0     -.1  |    -.4    -1.4    -1.8     -.8     -.1 
                                                   |              |                                         |
  Stage-of-process components                      |              |                                         |
        of non-energy materials,                   |              |                                         |
        measures of the input to                   |              |                                         |
  Finished processors                              |              |    7.4     3.5     1.4     4.2      .1  |     .1    -2.5    -2.3    -1.8     1.2 
  Primary and semifinished processors              |              |     .9      .8     1.8     2.8    -1.2  |    -.6    -2.7      .0     -.6     -.1 
                                                   |              |                                         |
  Stage-of-process groups                          |              |                                         |
  Crude                                            |              |    4.9     5.6     4.8     9.0    -1.7  |     .3     1.8     1.0     1.7    -3.1 
  Primary and semifinished                         |              |    1.7     1.3     3.1     2.3     -.5  |    -.5    -1.3     -.3    -1.0      .5 
  Finished                                         |              |    3.2     1.1     -.1     4.5    -1.4  |    -.5    -2.6    -3.2      .0      .2 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
 <1> See footnote 1 to table 2.
 <2> Manufacturing consists of those industries included in the North American Industry Classification System,
     or NAICS, definition of manufacturing plus those industries--logging and newspaper, periodical,
     book and directory publishing--that have traditionally been considered to be a part of manufacturing
     and are included in the industrial sector.
 
 
 
 
 
 
 
1Table 4
 Annual Rates of Change for Industrial Production <1>
 
 
 --------------------------------------------------------------------------------------------------------------------------------------------
                                                          |                                         |           Difference between
                                                          |          Revised Growth Rates           |        revised and earlier rates
                                                          |                                         |           (percentage points)
 Item                                                     |    2010    2011    2012    2013    2014 |    2010    2011    2012    2013    2014
 --------------------------------------------------------------------------------------------------------------------------------------------
                                                          |                                         |
  Total IP                                                |    5.6     3.0     2.8     1.9     3.7  |    -.1     -.3     -.9     -.9     -.4 
                                                          |                                         |
  MARKET GROUP                                            |                                         |
  Consumer goods                                          |    1.2     1.2    -1.4     1.5     2.2  |     .1     -.3    -3.1     -.9     -.7 
     Durable                                              |    8.8     4.4     2.0     5.5     7.0  |    1.5     -.5    -6.0    -2.1     1.0 
     Nondurable                                           |    -.7      .4    -2.2      .6      .9  |    -.1     -.2    -2.2     -.4    -1.0 
                                                          |                                         |
  Business equipment                                      |    7.9     5.3     9.9     -.4     4.7  |    -.3     -.2     2.4    -4.0     -.3 
  Defense and space equipment                             |    7.5    -2.8     1.8    -3.1    -3.2  |    -.4      .6    -2.9    -5.4    -5.0 
                                                          |                                         |
  Construction supplies                                   |    3.6     2.3     4.3     2.9     3.9  |    -.1     -.7     -.3    -1.4     -.3 
  Business supplies                                       |    3.5     1.4     1.5     1.5     1.7  |    1.2      .4     -.3     -.5     -.8 
                                                          |                                         |
  Materials                                               |    8.4     4.2     4.1     3.1     5.1  |    -.4     -.5     -.4     -.1      .0 
     Non-energy                                           |   11.1     4.7     2.8     1.4     2.5  |    -.5     -.5    -1.9    -1.5    -1.1 
     Energy                                               |    4.2     3.4     6.3     5.7     8.7  |     .0     -.3     1.9     1.8     1.4 
                                                          |                                         |
                                                          |                                         |
  INDUSTRY GROUP                                          |                                         |
  Manufacturing<2>                                        |    5.9     3.0     2.7      .9     2.5  |    -.1     -.3    -1.5    -1.7    -1.0 
     Manufacturing (NAICS)                                |    6.5     3.3     2.9     1.1     2.8  |    -.1     -.4    -1.5    -1.9     -.9 
        Durable manufacturing                             |   10.7     6.2     5.5     1.4     4.1  |    -.3     -.6    -1.8    -3.1    -1.1 
        Nondurable manufacturing                          |    2.2      .2      .1      .7     1.4  |     .0     -.1    -1.2     -.5     -.7 
     Other manufacturing (non-NAICS)                      |   -5.3    -2.7    -2.7    -3.3    -5.6  |     .0      .1     -.7     2.1    -1.1 
                                                          |                                         |
  Mining                                                  |    5.2     5.6     7.5     6.5    10.8  |     .0     -.5     1.2     1.8     1.8 
  Utilities                                               |    3.6     -.2    -2.2     2.5     1.1  |     .0      .0      .0      .4     -.3 
 --------------------------------------------------------------------------------------------------------------------------------------------
 
 <1> The rates of change are calculated as the percent change in the annual averages of not seasonally adjusted industrial production indexes
     rather than as the percent change between the fourth quarter of one year and the fourth quarter of the next.
 <2> See footnote 2 to table 3.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1Table 5
 Rates of Change in Capacity, by Industry Groups: 2011-2015 <1>
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |                                                   |                Difference between
                                                   |                  Revised change                   |            revised and earlier changes
                                                   |                     (percent)                     |                (percentage points)
 Item                                              |      2011      2012      2013      2014      2015 |      2011      2012      2013      2014      2015
 ---------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                   |       .9       2.4       1.6       2.1       1.5  |      -.5       -.2       -.2      -1.1       -.3 
                                                   |                                                   |
  Manufacturing<2>                                 |       .2       1.9       1.1        .7       1.2  |      -.3       -.3       -.7      -1.4       -.5 
     Manufacturing (NAICS)                         |       .2       2.0       1.2        .9       1.3  |      -.4       -.4       -.7      -1.4       -.5 
        Durable manufacturing                      |      2.1       2.2       1.8       1.6       1.9  |      -.5      -1.7      -1.3      -1.6       -.9 
        Nondurable manufacturing                   |     -1.6       1.8        .6        .0        .8  |      -.2       1.2       -.1      -1.3        .0 
     Other manufacturing (non-NAICS)               |      -.2        .0      -1.2      -2.3      -2.2  |       .0       1.2        .1      -1.4       -.7 
                                                   |                                                   |
  Mining                                           |      4.5       5.8       6.4       9.3       4.2  |     -1.5       1.0       2.4        .1        .9 
  Utilities                                        |      1.9       1.2        .3       1.2        .8  |       .0       -.1       -.1        .1        .5 
                                                   |                                                   |
                                                   |                                                   |
  Selected high-technology industries              |     24.5      13.7       -.5        .9       5.9  |     -1.4      -5.3      -5.2      -7.7      -2.3 
  Manufacturing<2> ex. selected                    |                                                   |
        high-technology industries                 |      -.9       1.4       1.3        .7        .9  |      -.3        .0       -.4      -1.1       -.4 
                                                   |                                                   |
  Stage-of-process groups                          |                                                   |
  Crude                                            |      4.0       6.3       4.4       7.0       3.3  |      -.6       2.8       1.3       -.4        .4 
  Primary and semifinished                         |      1.4       1.8        .7        .5       1.0  |       .3       -.2        .0      -1.4       -.5 
  Finished                                         |      -.8       1.2       1.6       1.3       1.5  |     -1.3      -1.4      -1.3      -1.0       -.3 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------
 <1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
     previous year to the fourth quarter of the year specified in the column heading.
 <2> See footnote 2 to table 3.
 
 
 
1Table 6
 Revised and Earlier Capacity Utilization Rates, by Industry Groups
 
   Percent of capacity, seasonally adjusted
 
 
 --------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          |               |                                         |         Difference between
                                                          |               |              Revised rate               |      revised and earlier rates
                                                          |               |                                         |         (percentage points)
                                                          |               |   1972-                                 |                                    
 Item                                                     |     NAICS     |    2014    2011    2012    2013    2014 |     2011     2012     2013     2014
                                                          |               |    Ave.      Q4      Q4      Q4      Q4 |       Q4       Q4       Q4       Q4
 --------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                          |               |   80.1    76.7    76.5    77.0    78.8  |     -.1      -.8     -1.4      -.7 
                                                          |               |                                         |
  Manufacturing<1>                                        |               |   78.5    74.4    74.1    74.2    76.2  |     -.3     -1.4     -2.2     -1.6 
     Manufacturing (NAICS)                                |        31-33  |   78.4    74.7    74.6    74.7    77.0  |     -.3     -1.5     -2.3     -1.7 
                                                          |               |                                         |
        Durable manufacturing                             |               |   76.9    73.2    74.2    74.4    76.9  |     -.1      -.7     -1.9     -1.1 
           Wood products                                  |          321  |   76.4    60.7    66.3    70.1    71.9  |      .2      -.3     -2.5       .0 
           Nonmetallic mineral products                   |          327  |   74.2    53.3    55.8    59.0    62.5  |     -.1      -.5      -.9     -2.6 
           Primary metals                                 |          331  |   79.0    76.1    76.1    76.0    77.8  |      .0       .9     -1.4      -.7 
           Fabricated metal products                      |          332  |   77.6    78.2    77.2    79.5    81.5  |    -1.4     -3.0     -1.3       .9 
           Machinery                                      |          333  |   77.8    78.5    79.2    74.0    78.0  |    -1.0      1.4     -4.8     -5.1 
           Computer and electronic products               |          334  |   77.9    74.1    73.2    73.0    74.1  |      .4      -.7      -.2      2.6 
           Electrical equip., appliances,                 |               |                                         |
              and components                              |          335  |   82.2    80.4    81.7    81.1    83.0  |      .1      -.9     -2.3     -1.6 
           Motor vehicles and parts                       |       3361-3  |   74.8    67.0    69.4    73.0    76.5  |     -.4     -3.4     -5.2     -6.1 
           Aerospace and miscellaneous                    |               |                                         |
              transportation equipment                    |       3364-9  |   73.8    74.2    78.7    76.5    78.3  |      .7      3.1      1.0       .0 
           Furniture and related products                 |          337  |   76.5    66.4    69.8    72.2    78.9  |      .7      -.5     -1.7     -1.3 
           Miscellaneous                                  |          339  |   76.3    76.8    76.0    77.4    78.9  |     1.6     -1.1      1.6      2.9 
                                                          |               |                                         |
        Nondurable manufacturing                          |               |   80.4    76.4    75.0    75.1    77.0  |     -.6     -2.5     -2.8     -2.5 
           Food, beverage, and tobacco products           |        311,2  |   80.8    77.6    78.2    79.0    79.1  |     -.8     -2.2     -1.2     -1.5 
           Textile and product mills                      |        313,4  |   79.5    65.6    66.1    71.1    73.2  |     -.8     -2.0       .7     -1.2 
           Apparel and leather                            |        315,6  |   76.9    66.1    63.0    64.0    65.7  |     -.5     -5.2    -11.0    -12.3 
           Paper                                          |          322  |   86.6    81.7    83.6    82.5    83.5  |     -.5      1.1       .1      -.2 
           Printing and support                           |          323  |   80.0    62.2    62.0    63.2    63.3  |    -4.2     -5.1     -7.6     -9.8 
           Petroleum and coal products                    |          324  |   85.4    83.7    81.0    82.3    83.4  |    -1.4     -1.1      -.9     -1.1 
           Chemicals                                      |          325  |   77.2    75.7    71.5    70.1    73.7  |      .1     -4.1     -5.1     -3.6 
           Plastics and rubber products                   |          326  |   82.0    73.6    76.0    76.0    80.7  |     1.2      1.3      -.5      1.0 
                                                          |               |                                         |
     Other manufacturing (non-NAICS)                      |    1133,5111  |   81.4    67.1    62.7    62.5    58.5  |     1.1       .1      1.2      1.2 
                                                          |               |                                         |
  Mining                                                  |           21  |   87.5    88.4    88.8    88.3    90.7  |     1.0      1.9       .7      2.4 
  Utilities                                               |       2211,2  |   85.9    79.2    78.4    81.7    80.0  |     -.1       .0       .4       .1 
                                                          |               |                                         |
  Selected high-technology industries                     |               |   77.7    71.9    69.4    71.5    72.0  |     -.4     -1.5       .1      2.1 
     Computers and peripheral equipment                   |         3341  |   77.8    73.5    67.1    64.1    66.4  |     1.5     -2.6     -4.9     -3.2 
     Communications equipment                             |         3342  |   76.8    74.1    76.2    85.9    74.1  |    -2.9      -.4      7.7     -2.6 
     Semiconductors and related                           |               |                                         |
           electronic components                          |         3344  |   79.1    71.1    68.1    69.2    72.9  |      .1     -1.7     -1.4      4.3 
                                                          |               |                                         |
  Measures excluding selected high-technology             |               |                                         |
        industries                                        |               |                                         |
  Total industry                                          |               |   80.2    76.9    76.7    77.2    79.0  |      .0      -.8     -1.4      -.9 
     Manufacturing<1>                                     |               |   78.6    74.5    74.3    74.3    76.4  |     -.2     -1.5     -2.3     -1.9 
                                                          |               |                                         |
  Stage-of-process groups                                 |               |                                         |
  Crude                                                   |               |   86.3    86.8    86.2    86.3    88.2  |     1.1       .5       .3      1.7 
  Primary and semifinished                                |               |   80.7    74.1    73.8    75.4    76.8  |     -.4     -1.2     -1.7     -1.2 
  Finished                                                |               |   77.0    75.1    75.1    74.1    76.2  |     -.3     -1.1     -2.0     -1.6 
 --------------------------------------------------------------------------------------------------------------------------------------------------------
 1.  See footnote 2 to table 3.
 
 
 
 
1Table 7
 Rates of change in industrial production, 2010 H2-2015 H1<1>
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                      |             |   2010    2011            2012            2013            2014            2015 
                                                      |       NAICS |     H2      H1      H2      H1      H2      H1      H2      H1      H2      H1 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                      |             |
  Total IP                                            |             |    3.7     1.5     4.1     3.0     1.2     2.0     2.7     4.6     4.3    -1.0 
                                                      |             |
  MARKET GROUP                                        |             |
  Final products and nonindustrial supplies           |             |    2.2      .9     2.8     2.6     -.3     1.2     2.0     2.9     3.2     -.9 
     Consumer goods                                   |             |    1.3     1.4     -.2    -1.8     -.7     2.9     2.9     1.6     2.0     1.5 
        Durable                                       |             |    2.0     3.4     7.0     1.6    -1.5     9.8     9.3     5.6     6.3     4.3 
           Automotive products                        |             |    4.9     6.6    16.7     -.9    -2.8    17.0    13.9     6.4     7.2     9.4 
           Home electronics                           |             |   -6.3    12.6    11.6    10.2     4.0     7.3    -2.2    -2.0     9.1     4.8 
           Appliances, furniture, carpeting           |             |   -5.8      .3     1.6     5.0     -.9     4.9     6.3     7.0     8.2    -1.9 
           Miscellaneous goods                        |             |     .6     -.7    -3.4     3.0     -.3     2.5     5.2     4.5     3.9     -.5 
        Nondurable                                    |             |    1.1      .9    -1.8    -2.6     -.5     1.2     1.3      .6      .9      .8 
           Non-energy                                 |             |     .4      .9     -.9    -2.8    -2.2    -1.0     -.7     2.1     1.4      .7 
              Foods and tobacco                       |             |    1.6     -.6    -1.3      .3     1.7     1.7      .4      .6      .1     1.3 
              Clothing                                |             |    4.3    -4.8    -6.8    -1.5   -11.7    -7.1     4.4     -.5      .8    -4.8 
              Chemical products                       |             |   -1.7     5.6    -1.5    -7.7    -8.5    -6.0    -3.8     6.8     5.8     2.3 
              Paper products                          |             |    -.6    -4.5     6.2    -6.4    -3.1     -.4     -.7    -4.4    -6.7    -6.9 
           Energy                                     |             |    3.6     1.1    -4.3    -2.2     4.5     7.5     7.0    -3.2     -.3      .8 
                                                      |             |
     Business equipment                               |             |    6.4     1.0    11.5    13.9     1.3    -3.0     -.1     8.8     5.8     -.4 
        Transit                                       |             |     .5    -5.3    24.6    27.9    11.6     1.8     1.1    14.3     9.3     4.4 
        Information processing                        |             |   -1.7    -2.2     7.2    11.0      .8    -2.6     2.2     1.3     5.6     1.1 
        Industrial and other                          |             |   12.9     4.8     8.8    10.1    -2.4    -5.1    -1.5     9.6     4.3    -3.3 
     Defense and space equipment                      |             |   -3.6    -6.0     4.9    -1.3     2.6    -5.4    -5.1    -2.8     1.2      .3 
                                                      |             |
     Construction supplies                            |             |    2.2     -.2     4.1     6.5      .1     3.3     3.6     3.9     6.5    -2.2 
     Business supplies                                |             |    1.8      .5      .7     3.7     -.3     1.9     2.4     1.0     2.3     -.2 
                                                      |             |
  Materials                                           |             |    5.6     2.2     5.7     3.5     2.9     2.9     3.6     6.6     5.6    -1.0 
     Non-energy                                       |             |    5.8     2.8     4.0     2.6     1.2     1.0     2.3     2.6     4.1     -.6 
        Durable                                       |             |    9.8     7.1     5.9     5.8      .4      .8     4.1     4.6     5.0    -1.3 
           Consumer parts                             |             |    9.5     2.1    16.0    14.7     2.9     2.3     5.8     6.8    11.2     4.8 
           Equipment parts                            |             |   17.1    11.9     9.2     8.9    -3.8    -1.4     3.1     3.0     5.1    -2.7 
           Other                                      |             |    4.9     5.2      .5      .7     2.6     1.8     4.2     5.0     2.7    -2.7 
        Nondurable                                    |             |     .3    -3.2     1.3    -1.9     2.4     1.4     -.5     -.4     2.8      .5 
           Textile                                    |             |     .1    -4.1    -8.8      .7    -3.5     9.4     4.0    -3.5     6.7     4.3 
           Paper                                      |             |   -1.2    -1.4     1.1     1.8      .5      .9    -3.6    -2.4    -1.2      .1 
           Chemical                                   |             |    -.1    -4.6     2.3    -4.5     4.2      .7     -.6      .4     4.5      .2 
     Energy                                           |             |    5.2     1.5     8.4     5.0     5.5     5.7     5.4    12.2     7.6    -1.8 
                                                      |             |
                                                      |             |
  INDUSTRY GROUP                                      |             |
  Manufacturing<2>                                    |             |    3.2     1.3     4.2     3.0      .2     1.0     1.6     3.3     3.6      .4 
     Manufacturing (NAICS)                            |      31-33  |    3.5     1.5     4.2     3.3      .5     1.1     1.7     3.6     4.2      .5 
                                                      |             |
        Durable manufacturing                         |             |    6.9     3.5     7.3     7.2      .2      .9     3.1     5.0     5.1     -.3 
           Wood products                              |        321  |   -4.8     -.4     2.5    10.6     5.1     2.5     8.2     1.5     7.1    -6.0 
           Nonmetallic mineral products               |        327  |    3.6     -.5     -.3     4.6     3.2     4.9     2.3     5.1     5.3     1.5 
           Primary metals                             |        331  |    2.9     8.6     4.4    -7.1    -1.9     5.3     5.7     2.2      .2   -10.3 
           Fabricated metal products                  |        332  |   10.9     5.7     2.6     4.3    -1.4     1.3     4.5     2.8     2.0     -.4 
           Machinery                                  |        333  |   15.8     7.0    13.1    12.5    -7.0    -6.9     -.2     9.1     7.2    -5.2 
           Computer and electronic products           |        334  |    9.2     5.7     7.1    11.5     1.4    -3.6     2.8     3.5     3.6    -1.7 
              Selected high-technology industries     |             |   14.7    10.2     5.8    14.5     5.2      .3     4.8     1.2     2.1    -4.0 
                 Computers and peripheral equipment   |       3341  |  -25.0   -12.4    15.4    46.6     -.8    -6.7     5.4     1.5    19.8     6.9 
                 Communications equipment             |       3342  |    7.8    11.3    -3.3    -8.2    15.6    25.9     2.5   -19.1    -1.5     1.9 
                 Semiconductors and related           |             |                                                                                
                       electronic components          |       3344  |   26.7    14.0     6.7    15.6     4.1    -4.7     5.4     8.7     -.3    -7.6 
           Electrical equip., appliances,             |             |                                                                                
                 and components                       |        335  |   10.9      .2     2.9     3.4     1.1    -2.8     1.4     2.8     2.4     4.8 
           Motor vehicles and parts                   |     3361-3  |    9.5     2.4    20.7    12.1      .7     9.9    10.5     9.7     9.8     8.5 
           Aerospace and miscellaneous                |             |                                                                                
                 transportation equipment             |     3364-9  |   -4.0    -1.7    15.2     7.7     8.7     2.2    -4.3     1.7     4.2     4.0 
           Furniture and related products             |        337  |    3.2     3.3     -.5    10.9     1.9     5.3     1.0     8.1    10.4    -2.1 
           Miscellaneous                              |        339  |    1.3    -1.5    -6.8      .3     -.2     4.7     6.4     5.8     5.8    -2.5 
                                                      |             |
        Nondurable manufacturing                      |             |    -.2     -.5      .9     -.8      .8     1.3      .1     2.1     3.1     1.4 
           Food, beverage, and tobacco products       |      311,2  |    1.8     -.8    -1.1      .3     1.8     1.9     1.0      .5      .9     1.6 
           Textile and product mills                  |      313,4  |    -.9     -.5    -7.4    -1.7    -2.4     6.9     4.1    -1.4     4.9      .9 
           Apparel and leather                        |      315,6  |    6.1    -4.4    -7.3    -2.9   -11.3    -6.0     4.9      .6      .2    -4.4 
           Paper                                      |        322  |   -2.0     -.7     3.5     3.2     2.0      .8    -4.7    -1.5     -.3     -.5 
           Printing and support                       |        323  |     .5    -3.3    -3.8     1.8    -2.8     2.7     3.4    -1.7     2.1      .6 
           Petroleum and coal products                |        324  |    -.2      .9     4.8    -4.1     3.2     8.1     3.2     1.3    -1.1     5.5 
           Chemicals                                  |        325  |   -1.7     -.3     1.8    -3.6     -.8    -1.7    -2.1     2.9     6.1      .9 
           Plastics and rubber products               |        326  |    -.2      .2     2.6     6.9     2.8     1.1     3.1    11.4     8.1     1.5 
                                                      |             |
     Other manufacturing (non-NAICS)                  |  1133,5111  |   -2.4    -5.1     4.3    -5.5    -7.5    -1.6    -1.5    -5.0   -12.0    -2.9 
                                                      |             |
  Mining                                              |         21  |    6.8     5.2     9.1     4.2     8.2     5.5     6.2    16.6     8.1    -8.2 
  Utilities                                           |     2211,2  |    3.1    -1.5    -3.0     1.8    -1.6     3.8     5.4    -4.7     2.9     -.8 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
 <1> The data are semiannual. Rates of change are calculated as the annualized percent change in the seasonally adjusted index
     from the second quarter of the previous half-year to the second quarter of the half-year specified in the column heading.
 <2> See footnote 2 to table 3.
 
 
 
 
1Table 8
 Capacity utilization rates: 2010 Q4-2015 Q2
 
 Percent of capacity, seasonally adjusted
 ------------------------------------------------------------------------------------------------------------------------------------------------------
                                                      |               |   2010    2011            2012            2013            2014            2015 
                                                      |        NAICS  |     Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2 
 ------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                      |               |   75.3    75.9    76.7    76.9    76.5    76.6    77.0    78.0    78.8    77.8 
                                                      |               |
  Manufacturing<1>                                    |               |   72.5    73.3    74.4    74.7    74.1    73.9    74.2    75.1    76.2    75.9 
     Manufacturing (NAICS)                            |       31-33   |   72.8    73.6    74.7    75.2    74.6    74.5    74.7    75.7    77.0    76.7 
                                                      |               |
        Durable manufacturing                         |               |   70.9    71.7    73.2    74.9    74.2    73.9    74.4    75.6    76.9    76.1 
           Wood products                              |         321   |   56.9    58.5    60.7    64.5    66.3    67.3    70.1    70.3    71.9    68.9 
           Nonmetallic mineral products               |         327   |   51.5    52.6    53.3    54.7    55.8    57.8    59.0    60.8    62.5    63.0 
           Primary metals                             |         331   |   71.6    74.1    76.1    75.5    76.1    76.3    76.0    76.8    77.8    73.6 
           Fabricated metal products                  |         332   |   75.3    77.7    78.2    78.8    77.2    77.6    79.5    80.7    81.5    81.4 
           Machinery                                  |         333   |   74.0    75.2    78.5    82.5    79.2    75.5    74.0    76.0    78.0    75.5 
           Computer and electronic products           |         334   |   78.8    76.9    74.1    74.3    73.2    71.7    73.0    74.1    74.1    71.7 
              Selected high-technology industries     |               |   82.8    79.2    71.9    70.3    69.4    69.2    71.5    72.3    72.0    68.8 
                 Computers and peripheral equipment   |        3341   |   90.9    79.3    73.5    75.5    67.1    62.4    64.1    63.2    66.4    66.4 
                 Communications equipment             |        3342   |   79.2    79.5    74.1    70.0    76.2    85.8    85.9    76.2    74.1    73.0 
                 Semiconductors and related           |               |                                                                                
                       electronic components          |        3344   |   82.7    79.1    71.1    69.5    68.1    66.3    69.2    73.3    72.9    68.3 
           Electrical equip., appliances,             |               |                                                                                
                 and components                       |         335   |   77.4    78.6    80.4    81.6    81.7    80.5    81.1    82.1    83.0    85.1 
           Motor vehicles and parts                   |      3361-3   |   60.6    61.1    67.0    70.4    69.4    71.1    73.0    74.6    76.5    78.3 
           Aerospace and miscellaneous                |               |                                                                                
                 transportation equipment             |      3364-9   |   72.0    70.2    74.2    76.2    78.7    78.7    76.5    76.9    78.3    79.6 
           Furniture and related products             |         337   |   63.4    65.7    66.4    69.7    69.8    71.6    72.2    75.1    78.9    78.0 
           Miscellaneous                              |         339   |   78.1    78.9    76.8    76.9    76.0    76.5    77.4    78.0    78.9    76.6 
                                                      |               |
        Nondurable manufacturing                      |               |   75.0    75.8    76.4    75.5    75.0    75.1    75.1    75.9    77.0    77.3 
           Food, beverage, and tobacco products       |       311,2   |   76.7    77.4    77.6    77.8    78.2    78.7    79.0    78.9    79.1    79.4 
           Textile and product mills                  |       313,4   |   65.6    66.9    65.6    66.0    66.1    69.0    71.1    71.1    73.2    73.7 
           Apparel and leather                        |       315,6   |   68.5    67.9    66.1    66.1    63.0    61.8    64.0    64.9    65.7    65.0 
           Paper                                      |         322   |   81.3    80.7    81.7    82.8    83.6    84.0    82.5    82.9    83.5    83.6 
           Printing and support                       |         323   |   65.0    63.9    62.2    62.8    62.0    62.5    63.2    62.6    63.3    63.1 
           Petroleum and coal products                |         324   |   82.0    82.6    83.7    81.0    81.0    82.3    82.3    83.1    83.4    85.5 
           Chemicals                                  |         325   |   73.3    74.7    75.7    73.2    71.5    70.4    70.1    71.5    73.7    73.8 
           Plastics and rubber products               |         326   |   72.2    72.7    73.6    75.6    76.0    75.8    76.0    78.8    80.7    80.7 
                                                      |               |
     Other manufacturing (non-NAICS)                  |   1133,5111   |   67.3    65.7    67.1    65.1    62.7    62.5    62.5    61.6    58.5    58.3 
                                                      |               |
  Mining                                              |          21   |   86.2    86.8    88.4    87.8    88.8    88.7    88.3    91.1    90.7    84.7 
  Utilities                                           |      2211,2   |   82.5    81.2    79.2    79.3    78.4    79.8    81.7    79.4    80.0    79.3 
 ------------------------------------------------------------------------------------------------------------------------------------------------------
 <1> See footnote 2 to table 3.
 
 
 
1Table 9A
 Industrial Production: Manufacturing <1>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <2>
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1985           |   -.3    -.3     .8    -.4     .2     .2    -.6     .6     .1    -.3     .6     .4 |    .2     .7     .1    2.2 |      1.6 
  1986           |   1.1    -.5    -.3     .4     .2    -.3     .4     .3     .2     .4     .5     .9 |   4.6    -.1    2.3    5.1 |      2.2 
                 |                                                                                    |                            |
  1987           |   -.3    1.4     .1     .6     .7     .3     .8     .6     .5    1.6     .6     .6 |   5.9    7.0    7.6   11.5 |      5.7 
  1988           |   -.2     .2     .3     .9    -.2     .2     .0     .1     .4     .5     .2     .5 |   2.8    4.4     .8    4.4 |      5.4 
  1989           |    .8   -1.0    -.1     .2    -.9     .2   -1.1     .8    -.3    -.2     .2     .1 |   2.1   -2.8   -3.2     .4 |       .8 
  1990           |   -.2    1.5     .5    -.2     .1     .3    -.1     .3     .0    -.8   -1.1    -.7 |   4.3    3.1    1.1   -6.7 |       .8 
  1991           |   -.8    -.6    -.7     .3     .7    1.1     .3     .2    1.1    -.2    -.2    -.2 |  -8.8    1.9    7.2    1.6 |     -1.9 
                 |                                                                                    |                            |
  1992           |   -.6     .9    1.0     .6     .6     .3     .9    -.4     .0     .7     .4    -.1 |    .5    8.4    4.1    3.2 |      3.7 
  1993           |   1.0     .2    -.2     .5    -.1    -.2     .3    -.2     .6     .9     .4     .6 |   4.5    1.4     .8    6.9 |      3.5 
  1994           |    .2     .1    1.3     .8     .7     .3     .4     .8     .5    1.0     .8    1.1 |   4.8    9.5    6.2   10.4 |      5.9 
  1995           |    .2    -.2     .3    -.1     .1     .5    -.6    1.1     .9    -.1     .1     .4 |   4.7     .9    3.1    4.4 |      5.3 
  1996           |   -.8    1.6    -.2    1.1     .8    1.0     .2     .5     .8    -.2     .9     .9 |   1.9    9.9    7.5    5.9 |      4.9 
                 |                                                                                    |                            |
  1997           |    .1    1.4    1.1    -.2     .8     .7     .7    1.3     .9     .9    1.1     .4 |   9.4    7.5   10.8   11.7 |      8.5 
  1998           |    .9     .1    -.1     .5     .5    -.8    -.4    2.4    -.2    1.0     .2     .5 |   6.3    2.2    3.1    7.9 |      6.8 
  1999           |    .3     .8    -.1     .4     .9    -.3     .5     .6    -.4    1.5     .6     .7 |   4.9    4.4    3.4    9.0 |      5.0 
  2000           |    .1     .2     .7     .8    -.1     .2     .1    -.7     .4    -.3    -.3    -.6 |   4.8    5.2    -.4   -2.6 |      4.3 
  2001           |   -.6    -.6    -.3    -.3    -.8    -.7    -.5    -.5    -.2    -.6    -.3     .3 |  -6.4   -5.6   -6.2   -4.1 |     -3.9 
                 |                                                                                    |                            |
  2002           |    .5     .0     .8     .2     .5    1.1    -.3     .2     .1    -.4     .5    -.5 |   3.5    5.8    3.2    -.3 |       .3 
  2003           |    .5     .1     .1    -.9     .1     .5     .2    -.5     .8     .1    1.0    -.2 |   1.8   -1.9    2.0    4.3 |      1.3 
  2004           |   -.1     .7    -.2     .4     .8    -.7     .9     .4     .0    1.0    -.1     .7 |   1.9    3.0    3.8    5.4 |      2.8 
  2005           |    .8     .8    -.5     .3     .4     .2    -.3     .4   -1.0    1.5     .8     .1 |   6.5    2.4    -.6    6.4 |      4.0 
  2006           |    .8    -.3    -.1     .6    -.4     .3    -.3     .6     .1    -.3     .1    1.5 |   3.8     .9     .8    1.7 |      2.6 
                 |                                                                                    |                            |
  2007           |   -.5     .4     .8     .7    -.1     .3     .1    -.3     .4    -.4     .5     .1 |   4.2    5.8     .7     .5 |      2.7 
  2008           |   -.4    -.6    -.3   -1.1    -.5    -.5   -1.1   -1.2   -3.4    -.6   -2.4   -3.4 |  -2.7   -7.6  -13.4  -21.4 |     -4.7 
  2009           |  -3.0    -.2   -1.9    -.8   -1.1    -.4    1.4    1.1     .8     .2     .9    -.2 | -24.2  -11.3    7.7    7.2 |    -13.7 
  2010           |   1.1    -.1    1.2     .9    1.4    -.1     .7     .2     .1     .1     .0     .4 |   6.8   10.9    5.0    1.5 |      5.9 
  2011           |    .3     .0     .5    -.6     .2     .0     .7     .3     .4     .6    -.3     .7 |   2.9    -.4    4.6    3.8 |      3.0 
                 |                                                                                    |                            |
  2012           |   1.0     .3    -.6     .7    -.5     .1     .0    -.3     .0    -.2     .7     .7 |   5.5     .5   -1.0    1.3 |      2.7 
  2013           |   -.2     .4    -.3    -.3     .2     .2    -.8     .9     .2     .2    -.1     .0 |   2.5    -.5     .5    2.7 |       .9 
  2014           |   -.8    1.1     .7     .3     .2     .4     .7    -.4     .2     .3     .9     .0 |    .7    5.9    3.8    3.4 |      2.5 
  2015           |   -.3    -.3     .2     .3     .1    -.1                                           |   -.7    1.5               |          
                 |                                                                                    |                            |
 IP (2012=100)   |                                                                                    |                            |
  1985           |  54.4   54.2   54.7   54.4   54.5   54.6   54.3   54.6   54.7   54.5   54.9   55.1 |  54.4   54.5   54.6   54.9 |     54.6 
  1986           |  55.7   55.4   55.3   55.5   55.6   55.4   55.6   55.8   55.9   56.1   56.4   56.9 |  55.5   55.5   55.8   56.5 |     55.8 
                 |                                                                                    |                            |
  1987           |  56.7   57.5   57.6   57.9   58.3   58.5   59.0   59.4   59.7   60.6   61.0   61.3 |  57.3   58.3   59.4   61.0 |     59.0 
  1988           |  61.3   61.4   61.6   62.1   62.0   62.1   62.1   62.1   62.4   62.7   62.8   63.1 |  61.4   62.1   62.2   62.9 |     62.1 
  1989           |  63.6   63.0   62.9   63.1   62.5   62.6   62.0   62.5   62.3   62.2   62.4   62.4 |  63.2   62.8   62.3   62.3 |     62.6 
  1990           |  62.3   63.2   63.5   63.3   63.4   63.6   63.5   63.7   63.7   63.2   62.5   62.0 |  63.0   63.5   63.6   62.6 |     63.2 
  1991           |  61.5   61.1   60.7   60.9   61.3   62.0   62.2   62.3   63.0   62.9   62.7   62.6 |  61.1   61.4   62.5   62.7 |     61.9 
                 |                                                                                    |                            |
  1992           |  62.2   62.8   63.4   63.8   64.2   64.3   64.9   64.7   64.7   65.1   65.4   65.3 |  62.8   64.1   64.8   65.3 |     64.2 
  1993           |  65.9   66.1   65.9   66.3   66.2   66.1   66.3   66.1   66.6   67.1   67.4   67.8 |  66.0   66.2   66.3   67.4 |     66.5 
  1994           |  67.9   68.0   68.9   69.4   69.9   70.1   70.4   70.9   71.3   72.0   72.6   73.4 |  68.2   69.8   70.9   72.7 |     70.4 
  1995           |  73.5   73.4   73.6   73.5   73.6   73.9   73.5   74.3   74.9   74.9   75.0   75.2 |  73.5   73.7   74.2   75.0 |     74.1 
  1996           |  74.6   75.8   75.7   76.5   77.1   77.9   78.1   78.5   79.2   79.0   79.7   80.4 |  75.4   77.2   78.6   79.7 |     77.7 
                 |                                                                                    |                            |
  1997           |  80.5   81.6   82.5   82.4   83.0   83.6   84.2   85.3   86.1   86.8   87.8   88.1 |  81.5   83.0   85.2   87.6 |     84.3 
  1998           |  88.9   89.0   88.9   89.3   89.8   89.1   88.7   90.9   90.7   91.5   91.7   92.2 |  88.9   89.4   90.1   91.8 |     90.1 
  1999           |  92.5   93.2   93.1   93.5   94.3   94.0   94.4   95.0   94.7   96.1   96.7   97.4 |  92.9   93.9   94.7   96.8 |     94.6 
  2000           |  97.5   97.7   98.4   99.2   99.1   99.3   99.4   98.7   99.1   98.8   98.5   97.9 |  97.9   99.2   99.1   98.4 |     98.6 
  2001           |  97.3   96.7   96.4   96.1   95.4   94.7   94.3   93.8   93.6   93.0   92.7   93.0 |  96.8   95.4   93.9   92.9 |     94.7 
                 |                                                                                    |                            |
  2002           |  93.5   93.5   94.2   94.4   94.9   95.9   95.6   95.8   96.0   95.6   96.0   95.6 |  93.7   95.1   95.8   95.7 |     95.1 
  2003           |  96.0   96.2   96.3   95.5   95.6   96.0   96.2   95.8   96.5   96.6   97.6   97.4 |  96.2   95.7   96.2   97.2 |     96.3 
  2004           |  97.3   97.9   97.8   98.1   98.9   98.2   99.0   99.5   99.4  100.4  100.4  101.0 |  97.7   98.4   99.3  100.6 |     99.0 
  2005           | 101.8  102.7  102.2  102.5  102.9  103.1  102.8  103.1  102.1  103.7  104.5  104.6 | 102.2  102.8  102.7  104.3 |    103.0 
  2006           | 105.5  105.2  105.1  105.7  105.2  105.5  105.3  105.9  106.0  105.6  105.7  107.2 | 105.3  105.5  105.7  106.2 |    105.7 
                 |                                                                                    |                            |
  2007           | 106.7  107.1  108.0  108.7  108.6  109.0  109.1  108.7  109.2  108.7  109.3  109.4 | 107.2  108.8  109.0  109.1 |    108.5 
  2008           | 108.9  108.3  107.9  106.8  106.3  105.7  104.5  103.3   99.8   99.2   96.8   93.5 | 108.4  106.3  102.5   96.5 |    103.4 
  2009           |  90.7   90.6   88.9   88.1   87.2   86.9   88.1   89.1   89.9   90.1   90.9   90.8 |  90.0   87.4   89.0   90.6 |     89.3 
  2010           |  91.8   91.7   92.8   93.6   95.0   94.9   95.5   95.7   95.8   95.9   95.9   96.3 |  92.1   94.5   95.7   96.0 |     94.6 
  2011           |  96.5   96.5   97.1   96.5   96.7   96.7   97.4   97.7   98.0   98.6   98.3   99.0 |  96.7   96.6   97.7   98.6 |     97.4 
                 |                                                                                    |                            |
  2012           | 100.0  100.2   99.7  100.3   99.9  100.0  100.0   99.7   99.7   99.5  100.2  100.8 | 100.0  100.1   99.8  100.2 |    100.0 
  2013           | 100.6  101.0  100.7  100.5  100.7  100.8  100.1  101.0  101.2  101.5  101.4  101.4 | 100.8  100.6  100.8  101.4 |    100.9 
  2014           | 100.6  101.7  102.5  102.8  103.0  103.5  104.2  103.9  104.1  104.3  105.2  105.2 | 101.6  103.1  104.1  104.9 |    103.4 
  2015           | 104.9  104.6  104.7  105.1  105.2  105.1                                           | 104.7  105.1               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 3.
 <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
 
 
 
1Table 9B
 Capacity and Utilization: Manufacturing <1>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|    Annual
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2012 output)    |                                                                                    |                            |
  1985           |  68.9   69.1   69.3   69.5   69.7   69.9   70.1   70.2   70.4   70.5   70.6   70.7 |  69.1   69.7   70.2   70.6 |     69.9 
  1986           |  70.8   70.8   70.9   71.0   71.0   71.1   71.2   71.2   71.3   71.5   71.6   71.7 |  70.8   71.0   71.2   71.6 |     71.2 
                 |                                                                                    |                            |
  1987           |  71.9   72.1   72.2   72.4   72.6   72.8   73.0   73.2   73.3   73.4   73.6   73.7 |  72.1   72.6   73.1   73.6 |     72.8 
  1988           |  73.7   73.8   73.9   73.9   73.9   74.0   74.0   74.0   74.1   74.1   74.2   74.3 |  73.8   73.9   74.0   74.2 |     74.0 
  1989           |  74.4   74.5   74.6   74.8   74.9   75.1   75.3   75.4   75.6   75.8   76.0   76.2 |  74.5   74.9   75.4   76.0 |     75.2 
  1990           |  76.4   76.6   76.8   77.0   77.2   77.3   77.5   77.7   77.8   78.0   78.1   78.2 |  76.6   77.2   77.7   78.1 |     77.4 
  1991           |  78.3   78.4   78.5   78.6   78.7   78.8   78.9   79.0   79.1   79.2   79.4   79.5 |  78.4   78.7   79.0   79.4 |     78.9 
                 |                                                                                    |                            |
  1992           |  79.7   79.8   80.0   80.2   80.4   80.6   80.8   81.0   81.2   81.4   81.6   81.7 |  79.8   80.4   81.0   81.6 |     80.7 
  1993           |  81.9   82.0   82.2   82.3   82.4   82.6   82.7   82.8   83.0   83.1   83.3   83.4 |  82.0   82.4   82.8   83.3 |     82.6 
  1994           |  83.6   83.8   84.1   84.3   84.6   84.8   85.1   85.4   85.7   86.1   86.4   86.7 |  83.8   84.6   85.4   86.4 |     85.1 
  1995           |  87.1   87.4   87.8   88.1   88.5   88.9   89.2   89.6   90.1   90.5   90.9   91.4 |  87.4   88.5   89.7   90.9 |     89.1 
  1996           |  91.9   92.3   92.8   93.3   93.8   94.4   94.9   95.4   95.9   96.4   97.0   97.5 |  92.4   93.8   95.4   97.0 |     94.6 
                 |                                                                                    |                            |
  1997           |  98.1   98.7   99.3   99.9  100.5  101.1  101.8  102.5  103.3  104.0  104.8  105.6 |  98.7  100.5  102.5  104.8 |    101.6 
  1998           | 106.4  107.2  108.0  108.8  109.6  110.3  111.1  111.7  112.4  113.0  113.6  114.2 | 107.2  109.6  111.7  113.6 |    110.5 
  1999           | 114.8  115.4  115.9  116.4  116.9  117.5  118.0  118.5  119.0  119.5  120.1  120.6 | 115.3  116.9  118.5  120.1 |    117.7 
  2000           | 121.1  121.6  122.2  122.7  123.2  123.7  124.2  124.6  125.1  125.6  126.0  126.4 | 121.6  123.2  124.6  126.0 |    123.9 
  2001           | 126.9  127.2  127.6  128.0  128.3  128.6  128.9  129.1  129.4  129.6  129.7  129.9 | 127.2  128.3  129.1  129.7 |    128.6 
                 |                                                                                    |                            |
  2002           | 130.0  130.1  130.2  130.2  130.3  130.3  130.3  130.3  130.3  130.3  130.3  130.3 | 130.1  130.3  130.3  130.3 |    130.2 
  2003           | 130.3  130.3  130.3  130.3  130.3  130.2  130.2  130.1  130.1  130.0  130.0  129.9 | 130.3  130.2  130.1  130.0 |    130.2 
  2004           | 129.8  129.7  129.7  129.6  129.5  129.5  129.5  129.5  129.5  129.6  129.7  129.9 | 129.7  129.5  129.5  129.7 |    129.6 
  2005           | 130.1  130.3  130.5  130.8  131.1  131.4  131.7  132.0  132.3  132.5  132.8  133.0 | 130.3  131.1  132.0  132.8 |    131.5 
  2006           | 133.2  133.5  133.6  133.8  134.0  134.2  134.4  134.6  134.8  135.1  135.4  135.7 | 133.4  134.0  134.6  135.4 |    134.4 
                 |                                                                                    |                            |
  2007           | 136.0  136.3  136.6  137.0  137.3  137.7  138.0  138.3  138.5  138.7  138.8  138.9 | 136.3  137.3  138.2  138.8 |    137.7 
  2008           | 139.0  138.9  138.9  138.8  138.6  138.4  138.3  138.1  137.9  137.7  137.5  137.2 | 138.9  138.6  138.1  137.5 |    138.3 
  2009           | 137.0  136.8  136.6  136.4  136.2  136.0  135.8  135.6  135.4  135.2  135.0  134.8 | 136.8  136.2  135.6  135.0 |    135.9 
  2010           | 134.6  134.3  134.1  133.9  133.6  133.4  133.2  132.9  132.7  132.5  132.4  132.2 | 134.3  133.6  132.9  132.4 |    133.3 
  2011           | 132.1  132.0  131.9  131.9  131.9  131.9  132.0  132.1  132.3  132.4  132.6  132.8 | 132.0  131.9  132.1  132.6 |    132.2 
                 |                                                                                    |                            |
  2012           | 133.0  133.2  133.5  133.7  133.9  134.2  134.4  134.6  134.8  135.0  135.2  135.4 | 133.2  133.9  134.6  135.2 |    134.2 
  2013           | 135.5  135.7  135.9  136.0  136.1  136.2  136.3  136.4  136.5  136.6  136.7  136.8 | 135.7  136.1  136.4  136.7 |    136.2 
  2014           | 136.9  137.0  137.1  137.1  137.2  137.3  137.4  137.4  137.5  137.6  137.7  137.8 | 137.0  137.2  137.4  137.7 |    137.3 
  2015           | 137.9  138.1  138.2  138.3  138.5  138.6                                           | 138.1  138.5               |          
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1985           |  78.9   78.4   78.8   78.3   78.2   78.2   77.5   77.8   77.7   77.4   77.8   78.0 |  78.7   78.2   77.7   77.7 |     78.1 
  1986           |  78.8   78.3   78.0   78.2   78.2   77.9   78.2   78.3   78.4   78.6   78.8   79.3 |  78.3   78.1   78.3   78.9 |     78.4 
                 |                                                                                    |                            |
  1987           |  78.9   79.9   79.7   80.0   80.3   80.4   80.8   81.2   81.4   82.5   82.9   83.3 |  79.5   80.2   81.1   82.9 |     80.9 
  1988           |  83.1   83.2   83.4   84.0   83.9   84.0   83.9   83.9   84.2   84.6   84.7   85.0 |  83.2   84.0   84.0   84.7 |     84.0 
  1989           |  85.6   84.6   84.4   84.4   83.5   83.4   82.3   82.8   82.4   82.1   82.0   81.9 |  84.8   83.8   82.5   82.0 |     83.3 
  1990           |  81.5   82.5   82.7   82.3   82.2   82.2   82.0   82.0   81.8   81.0   80.0   79.3 |  82.2   82.2   81.9   80.1 |     81.6 
  1991           |  78.6   78.0   77.3   77.5   77.9   78.7   78.8   78.9   79.6   79.3   79.1   78.8 |  78.0   78.0   79.1   79.1 |     78.5 
                 |                                                                                    |                            |
  1992           |  78.1   78.7   79.3   79.5   79.8   79.8   80.3   79.8   79.7   80.0   80.2   79.9 |  78.7   79.7   79.9   80.0 |     79.6 
  1993           |  80.5   80.5   80.2   80.5   80.3   80.1   80.2   79.9   80.2   80.8   81.0   81.2 |  80.4   80.3   80.1   81.0 |     80.5 
  1994           |  81.2   81.1   81.9   82.4   82.7   82.6   82.7   83.0   83.2   83.7   84.0   84.6 |  81.4   82.6   83.0   84.1 |     82.8 
  1995           |  84.5   83.9   83.8   83.4   83.2   83.2   82.3   82.9   83.2   82.8   82.4   82.3 |  84.1   83.2   82.8   82.5 |     83.2 
  1996           |  81.3   82.1   81.5   82.0   82.2   82.5   82.3   82.3   82.5   81.9   82.2   82.4 |  81.6   82.2   82.4   82.2 |     82.1 
                 |                                                                                    |                            |
  1997           |  82.0   82.7   83.1   82.5   82.6   82.7   82.7   83.2   83.3   83.5   83.7   83.5 |  82.6   82.6   83.1   83.6 |     83.0 
  1998           |  83.5   83.0   82.3   82.1   81.9   80.7   79.9   81.3   80.7   81.0   80.7   80.7 |  82.9   81.6   80.6   80.8 |     81.5 
  1999           |  80.5   80.8   80.3   80.3   80.7   80.0   80.0   80.2   79.6   80.4   80.6   80.8 |  80.6   80.3   79.9   80.6 |     80.3 
  2000           |  80.5   80.4   80.6   80.8   80.4   80.3   80.1   79.2   79.2   78.7   78.2   77.4 |  80.5   80.5   79.5   78.1 |     79.6 
  2001           |  76.7   76.0   75.5   75.1   74.3   73.6   73.1   72.6   72.3   71.8   71.5   71.6 |  76.1   74.4   72.7   71.6 |     73.7 
                 |                                                                                    |                            |
  2002           |  71.9   71.9   72.4   72.5   72.8   73.6   73.4   73.5   73.6   73.3   73.7   73.3 |  72.0   73.0   73.5   73.5 |     73.0 
  2003           |  73.7   73.8   73.9   73.3   73.4   73.8   73.9   73.6   74.2   74.3   75.1   75.0 |  73.8   73.5   73.9   74.8 |     74.0 
  2004           |  74.9   75.5   75.4   75.7   76.3   75.8   76.5   76.8   76.8   77.5   77.4   77.8 |  75.3   76.0   76.7   77.6 |     76.4 
  2005           |  78.3   78.8   78.3   78.4   78.5   78.5   78.0   78.1   77.2   78.3   78.7   78.6 |  78.5   78.4   77.8   78.5 |     78.3 
  2006           |  79.2   78.8   78.6   79.0   78.5   78.7   78.3   78.7   78.6   78.2   78.1   79.0 |  78.9   78.7   78.5   78.4 |     78.6 
                 |                                                                                    |                            |
  2007           |  78.4   78.6   79.0   79.4   79.1   79.1   79.0   78.6   78.8   78.4   78.7   78.7 |  78.7   79.2   78.8   78.6 |     78.8 
  2008           |  78.4   77.9   77.7   76.9   76.7   76.3   75.6   74.8   72.4   72.0   70.5   68.1 |  78.0   76.7   74.2   70.2 |     74.8 
  2009           |  66.2   66.2   65.0   64.6   64.0   63.9   64.9   65.7   66.4   66.6   67.4   67.4 |  65.8   64.2   65.7   67.1 |     65.7 
  2010           |  68.2   68.3   69.2   69.9   71.1   71.1   71.7   72.0   72.1   72.4   72.4   72.8 |  68.6   70.7   72.0   72.5 |     70.9 
  2011           |  73.1   73.2   73.6   73.2   73.3   73.3   73.8   73.9   74.1   74.5   74.1   74.5 |  73.3   73.3   73.9   74.4 |     73.7 
                 |                                                                                    |                            |
  2012           |  75.1   75.2   74.7   75.0   74.6   74.5   74.4   74.1   74.0   73.7   74.1   74.5 |  75.0   74.7   74.2   74.1 |     74.5 
  2013           |  74.2   74.4   74.1   73.9   73.9   74.0   73.4   74.0   74.1   74.2   74.2   74.1 |  74.3   73.9   73.8   74.2 |     74.1 
  2014           |  73.5   74.3   74.8   75.0   75.1   75.4   75.9   75.6   75.7   75.8   76.4   76.3 |  74.2   75.1   75.7   76.2 |     75.3 
  2015           |  76.1   75.7   75.8   76.0   76.0   75.8                                           |  75.9   75.9               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 3.
 
 
 
1Table 10A
 Industrial Production: Total Industry Excluding Selected High-Technology Industries <1>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <2>
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1985           |   -.3     .5     .2    -.1     .1     .0    -.6     .4     .5    -.4     .3    1.1 |   1.0     .9    -.2    2.5 |      1.0 
  1986           |    .5    -.7    -.7     .1     .1    -.2     .2    -.2     .1     .4     .4     .8 |   2.4   -2.5     .4    4.0 |       .9 
                 |                                                                                    |                            |
  1987           |   -.5    1.2     .2     .5     .6     .4     .6     .7     .1    1.4     .5     .4 |   4.4    6.3    6.3    9.0 |      4.3 
  1988           |    .1     .4     .2     .5    -.2     .2     .0     .4    -.3     .4     .2     .5 |   3.3    2.6    1.0    2.6 |      4.4 
  1989           |    .3    -.5     .3     .0    -.7     .0   -1.1     .8    -.3    -.2     .3     .6 |   2.1   -1.6   -3.5     .9 |       .6 
  1990           |   -.7     .9     .5    -.1     .1     .3    -.1     .3     .1    -.8   -1.3    -.7 |   2.1    2.7    1.3   -6.7 |       .4 
  1991           |   -.4    -.8    -.6     .2     .9     .9     .0     .0     .9    -.2    -.2    -.6 |  -8.0    1.9    5.4     .4 |     -2.0 
                 |                                                                                    |                            |
  1992           |   -.8     .7     .8     .6     .3    -.1     .8    -.6     .1     .6     .3     .1 |  -1.9    6.2    1.9    3.0 |      1.9 
  1993           |    .4     .4    -.2     .3    -.4     .2     .3    -.2     .4     .7     .3     .5 |   3.2     .2    1.3    5.3 |      2.5 
  1994           |    .3     .0     .9     .3     .4     .6     .0     .3     .1     .6     .4     .9 |   4.2    5.4    3.1    5.7 |      4.0 
  1995           |    .1    -.2    -.1    -.3     .1     .2    -.5    1.1     .1    -.4     .1     .1 |   2.8   -1.2    1.3     .4 |      2.4 
  1996           |  -1.0    1.3    -.3     .8     .5     .6    -.5     .3     .5    -.4     .8     .5 |   -.5    6.6    2.0    3.0 |      1.7 
                 |                                                                                    |                            |
  1997           |   -.1     .9     .4    -.2     .3     .2     .5     .8     .7     .7     .6     .1 |   5.2    2.5    6.3    7.7 |      4.2 
  1998           |    .3     .0     .0     .2     .6   -1.0    -.7    1.9    -.6     .6    -.3     .1 |   2.1     .7    -.4    2.4 |      3.1 
  1999           |    .1     .2    -.1    -.1     .5    -.5     .3     .4    -.5    1.2     .2     .5 |    .6     .3     .9    5.5 |      1.1 
  2000           |   -.3     .0     .1     .5    -.1    -.1    -.4    -.5     .3    -.4    -.1    -.5 |    .5    1.8   -3.1   -2.6 |      1.0 
  2001           |   -.7    -.6    -.3    -.1    -.6    -.5    -.3    -.2    -.4    -.5    -.5    -.1 |  -5.8   -4.4   -4.4   -4.5 |     -3.9 
                 |                                                                                    |                            |
  2002           |    .7    -.1     .8     .4     .4     .9    -.3    -.1     .1    -.3     .5    -.6 |   2.7    6.3    1.9    -.7 |       .3 
  2003           |    .6     .1    -.3    -.9    -.1    -.1     .3    -.3     .5     .0     .8    -.1 |   1.5   -4.6     .7    2.8 |       .2 
  2004           |    .1     .6    -.6     .4     .8    -.8     .8     .0     .0     .9     .2     .7 |   1.9    2.0    2.1    5.2 |      1.7 
  2005           |    .4     .6    -.2     .0     .1     .4    -.4     .1   -2.1    1.2    1.0     .6 |   4.8    1.3   -3.1    2.5 |      2.5 
  2006           |    .1    -.1     .2     .4    -.2     .3    -.1     .3    -.3    -.1    -.2    1.0 |   3.2    1.8     .6     .3 |      1.4 
                 |                                                                                    |                            |
  2007           |   -.5    1.0    -.1     .6     .1     .1     .0     .1     .3    -.7     .4    -.1 |   3.0    4.0    1.0   -1.0 |      1.8 
  2008           |   -.3    -.4    -.4    -.8    -.5    -.2    -.5   -1.5   -4.4    1.2   -1.0   -2.7 |  -2.6   -6.4  -12.3  -14.7 |     -4.2 
  2009           |  -2.3    -.7   -1.7    -.9   -1.1    -.4    1.1    1.1     .7     .4     .2     .3 | -20.0  -11.9    5.7    6.1 |    -11.3 
  2010           |   1.1     .2     .6     .3    1.5     .2     .5     .3     .2    -.3     .0     .8 |   7.0    7.7    5.8     .8 |      5.0 
  2011           |   -.1    -.5     .9    -.4     .2     .2     .4     .6     .0     .7    -.2     .5 |   1.5     .9    4.2    3.9 |      2.7 
                 |                                                                                    |                            |
  2012           |    .8     .2    -.7     .8     .1    -.1     .3    -.4     .0     .2     .5     .2 |   3.6    1.7     .0    2.0 |      2.6 
  2013           |    .1     .4     .2     .0    -.1     .2    -.4     .8     .6     .0     .3     .3 |   3.1    1.0    1.6    3.7 |      1.9 
  2014           |   -.2     .8     .8     .2     .3     .5     .4     .0     .5     .1     .9     .1 |   3.8    5.7    4.0    4.7 |      3.8 
  2015           |   -.3    -.1    -.1    -.3    -.2     .2                                           |   -.1   -1.7               |          
                 |                                                                                    |                            |
 IP (2012=100)   |                                                                                    |                            |
  1985           |  75.2   75.6   75.7   75.6   75.7   75.7   75.3   75.6   76.0   75.7   75.9   76.7 |  75.5   75.7   75.7   76.1 |     75.7 
  1986           |  77.1   76.6   76.0   76.1   76.2   76.0   76.2   76.1   76.2   76.5   76.8   77.4 |  76.6   76.1   76.2   76.9 |     76.4 
                 |                                                                                    |                            |
  1987           |  77.1   78.0   78.2   78.6   79.0   79.3   79.8   80.3   80.4   81.6   82.0   82.3 |  77.8   79.0   80.2   81.9 |     79.7 
  1988           |  82.3   82.7   82.8   83.2   83.0   83.2   83.2   83.6   83.3   83.7   83.8   84.2 |  82.6   83.1   83.3   83.9 |     83.2 
  1989           |  84.5   84.1   84.4   84.4   83.8   83.8   82.9   83.6   83.3   83.1   83.3   83.8 |  84.3   84.0   83.2   83.4 |     83.7 
  1990           |  83.2   84.0   84.4   84.3   84.4   84.6   84.5   84.7   84.8   84.1   83.1   82.5 |  83.8   84.4   84.7   83.2 |     84.0 
  1991           |  82.1   81.5   80.9   81.1   81.9   82.7   82.7   82.7   83.5   83.3   83.2   82.7 |  81.5   81.9   83.0   83.1 |     82.4 
                 |                                                                                    |                            |
  1992           |  82.1   82.6   83.3   83.8   84.0   83.9   84.6   84.1   84.2   84.7   85.0   85.1 |  82.7   83.9   84.3   84.9 |     83.9 
  1993           |  85.4   85.7   85.6   85.8   85.5   85.6   85.9   85.7   86.1   86.7   87.0   87.4 |  85.6   85.6   85.9   87.0 |     86.0 
  1994           |  87.7   87.7   88.4   88.7   89.0   89.5   89.5   89.9   89.9   90.5   90.9   91.7 |  87.9   89.1   89.8   91.0 |     89.5 
  1995           |  91.9   91.6   91.5   91.3   91.4   91.5   91.0   92.0   92.1   91.7   91.8   91.9 |  91.7   91.4   91.7   91.8 |     91.6 
  1996           |  91.0   92.2   91.9   92.6   93.1   93.7   93.2   93.6   94.0   93.7   94.4   94.9 |  91.7   93.2   93.6   94.3 |     93.2 
                 |                                                                                    |                            |
  1997           |  94.8   95.7   96.1   95.8   96.1   96.3   96.9   97.6   98.2   99.0   99.6   99.7 |  95.5   96.1   97.6   99.4 |     97.1 
  1998           |  99.9   99.9   99.9  100.0  100.6   99.6   98.9  100.8  100.2  100.8  100.5  100.5 |  99.9  100.1  100.0  100.6 |    100.2 
  1999           | 100.7  100.8  100.7  100.6  101.2  100.7  101.0  101.4  100.9  102.1  102.3  102.9 | 100.8  100.8  101.1  102.4 |    101.3 
  2000           | 102.5  102.5  102.6  103.1  103.0  102.9  102.5  101.9  102.2  101.8  101.6  101.2 | 102.6  103.0  102.2  101.5 |    102.3 
  2001           | 100.5   99.9   99.6   99.5   98.9   98.3   98.0   97.9   97.5   97.0   96.6   96.5 | 100.0   98.9   97.8   96.7 |     98.4 
                 |                                                                                    |                            |
  2002           |  97.2   97.0   97.8   98.2   98.6   99.6   99.3   99.2   99.3   99.0   99.4   98.9 |  97.3   98.8   99.3   99.1 |     98.6 
  2003           |  99.5   99.6   99.3   98.4   98.3   98.2   98.5   98.2   98.7   98.7   99.4   99.3 |  99.4   98.3   98.4   99.1 |     98.8 
  2004           |  99.4  100.0   99.4   99.8  100.6   99.8  100.6  100.6  100.6  101.5  101.7  102.4 |  99.6  100.1  100.6  101.9 |    100.5 
  2005           | 102.7  103.3  103.1  103.2  103.3  103.7  103.3  103.4  101.1  102.4  103.4  104.0 | 103.1  103.4  102.6  103.2 |    103.1 
  2006           | 104.0  103.9  104.2  104.6  104.3  104.7  104.6  104.9  104.6  104.5  104.4  105.4 | 104.1  104.5  104.7  104.8 |    104.5 
                 |                                                                                    |                            |
  2007           | 104.8  105.9  105.9  106.5  106.6  106.7  106.7  106.8  107.1  106.3  106.8  106.6 | 105.5  106.6  106.8  106.6 |    106.4 
  2008           | 106.3  105.9  105.5  104.6  104.0  103.8  103.3  101.8   97.3   98.4   97.4   94.8 | 105.9  104.1  100.8   96.9 |    101.9 
  2009           |  92.5   91.9   90.4   89.5   88.6   88.2   89.1   90.1   90.8   91.1   91.3   91.6 |  91.6   88.8   90.0   91.3 |     90.4 
  2010           |  92.6   92.7   93.3   93.6   95.0   95.2   95.7   96.0   96.2   95.9   95.9   96.7 |  92.9   94.6   96.0   96.2 |     94.9 
  2011           |  96.6   96.1   96.9   96.5   96.8   97.0   97.4   97.9   97.9   98.6   98.5   98.9 |  96.5   96.7   97.7   98.7 |     97.4 
                 |                                                                                    |                            |
  2012           |  99.7   99.9   99.1  100.0  100.0   99.9  100.2   99.8   99.9  100.1  100.6  100.8 |  99.6  100.0  100.0  100.5 |    100.0 
  2013           | 100.9  101.3  101.5  101.5  101.4  101.6  101.2  102.0  102.6  102.6  102.8  103.1 | 101.3  101.5  101.9  102.8 |    101.9 
  2014           | 103.0  103.8  104.6  104.8  105.2  105.7  106.1  106.1  106.7  106.8  107.8  107.9 | 103.8  105.2  106.3  107.5 |    105.7 
  2015           | 107.6  107.5  107.4  107.0  106.9  107.1                                           | 107.5  107.0               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
 <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
 
 
 
1Table 10B
 Capacity and Utilization: Total Industry Excluding Selected High-Technology Industries <1>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|    Annual
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2012 output)    |                                                                                    |                            |
  1985           |  94.6   94.8   95.0   95.1   95.3   95.5   95.6   95.8   95.9   96.0   96.2   96.3 |  94.8   95.3   95.8   96.2 |     95.5 
  1986           |  96.4   96.5   96.5   96.6   96.7   96.8   96.9   96.9   97.0   97.1   97.2   97.3 |  96.5   96.7   96.9   97.2 |     96.8 
                 |                                                                                    |                            |
  1987           |  97.4   97.5   97.6   97.7   97.8   97.9   98.0   98.1   98.2   98.2   98.3   98.3 |  97.5   97.8   98.1   98.3 |     97.9 
  1988           |  98.4   98.4   98.4   98.4   98.4   98.4   98.4   98.4   98.5   98.5   98.6   98.7 |  98.4   98.4   98.5   98.6 |     98.5 
  1989           |  98.8   98.9   99.0   99.1   99.3   99.4   99.6   99.8  100.0  100.1  100.3  100.5 |  98.9   99.3   99.8  100.3 |     99.6 
  1990           | 100.7  100.8  101.0  101.2  101.3  101.5  101.6  101.7  101.9  102.0  102.1  102.2 | 100.8  101.3  101.7  102.1 |    101.5 
  1991           | 102.4  102.5  102.6  102.7  102.8  102.9  103.0  103.1  103.2  103.3  103.4  103.5 | 102.5  102.8  103.1  103.4 |    102.9 
                 |                                                                                    |                            |
  1992           | 103.6  103.7  103.8  103.9  104.0  104.1  104.2  104.3  104.5  104.6  104.7  104.8 | 103.7  104.0  104.3  104.7 |    104.2 
  1993           | 104.9  105.0  105.1  105.2  105.3  105.4  105.5  105.6  105.7  105.8  106.0  106.1 | 105.0  105.3  105.6  106.0 |    105.5 
  1994           | 106.2  106.3  106.5  106.6  106.7  106.9  107.1  107.2  107.4  107.6  107.8  108.0 | 106.3  106.8  107.2  107.8 |    107.0 
  1995           | 108.2  108.4  108.6  108.8  109.0  109.2  109.4  109.6  109.8  110.0  110.2  110.4 | 108.4  109.0  109.6  110.2 |    109.3 
  1996           | 110.6  110.8  111.0  111.2  111.4  111.6  111.8  112.0  112.3  112.5  112.8  113.1 | 110.8  111.4  112.0  112.8 |    111.8 
                 |                                                                                    |                            |
  1997           | 113.4  113.7  114.1  114.4  114.8  115.2  115.6  116.1  116.5  116.9  117.4  117.8 | 113.8  114.8  116.1  117.4 |    115.5 
  1998           | 118.3  118.7  119.2  119.6  120.1  120.5  120.9  121.3  121.7  122.1  122.4  122.8 | 118.7  120.1  121.3  122.4 |    120.6 
  1999           | 123.1  123.4  123.7  124.0  124.2  124.5  124.7  125.0  125.2  125.4  125.6  125.7 | 123.4  124.2  125.0  125.6 |    124.5 
  2000           | 125.9  126.1  126.2  126.4  126.5  126.7  126.8  126.9  127.1  127.2  127.3  127.5 | 126.1  126.5  126.9  127.3 |    126.7 
  2001           | 127.6  127.8  127.9  128.1  128.2  128.4  128.5  128.7  128.8  129.0  129.1  129.2 | 127.8  128.2  128.7  129.1 |    128.4 
                 |                                                                                    |                            |
  2002           | 129.3  129.4  129.5  129.6  129.6  129.6  129.6  129.6  129.5  129.4  129.3  129.2 | 129.4  129.6  129.5  129.3 |    129.5 
  2003           | 129.1  129.0  128.9  128.8  128.7  128.6  128.5  128.4  128.4  128.3  128.3  128.2 | 129.0  128.7  128.5  128.3 |    128.6 
  2004           | 128.2  128.1  128.1  128.1  128.0  128.0  127.9  127.9  127.9  127.8  127.8  127.8 | 128.1  128.0  127.9  127.8 |    128.0 
  2005           | 127.8  127.9  127.9  128.0  128.1  128.2  128.3  128.4  128.5  128.7  128.8  129.0 | 127.9  128.1  128.4  128.8 |    128.3 
  2006           | 129.2  129.3  129.5  129.7  129.9  130.1  130.3  130.5  130.6  130.8  131.0  131.2 | 129.3  129.9  130.5  131.0 |    130.2 
                 |                                                                                    |                            |
  2007           | 131.3  131.5  131.6  131.7  131.7  131.8  131.8  131.8  131.7  131.6  131.5  131.5 | 131.4  131.7  131.7  131.5 |    131.6 
  2008           | 131.4  131.3  131.2  131.2  131.1  131.2  131.2  131.3  131.5  131.6  131.8  131.9 | 131.3  131.2  131.3  131.8 |    131.4 
  2009           | 132.1  132.2  132.3  132.3  132.3  132.3  132.2  132.0  131.8  131.6  131.3  131.0 | 132.2  132.3  132.0  131.3 |    131.9 
  2010           | 130.7  130.4  130.1  129.8  129.5  129.2  128.9  128.7  128.5  128.3  128.1  128.0 | 130.4  129.5  128.7  128.1 |    129.2 
  2011           | 127.9  127.8  127.7  127.7  127.7  127.7  127.8  127.9  128.0  128.2  128.3  128.5 | 127.8  127.7  127.9  128.3 |    127.9 
                 |                                                                                    |                            |
  2012           | 128.7  128.9  129.2  129.4  129.6  129.9  130.1  130.3  130.5  130.7  130.9  131.1 | 128.9  129.6  130.3  130.9 |    129.9 
  2013           | 131.3  131.5  131.7  131.9  132.0  132.2  132.4  132.6  132.8  133.0  133.2  133.4 | 131.5  132.0  132.6  133.2 |    132.3 
  2014           | 133.7  133.9  134.2  134.4  134.7  134.9  135.2  135.4  135.6  135.8  136.0  136.2 | 133.9  134.7  135.4  136.0 |    135.0 
  2015           | 136.4  136.6  136.7  136.9  137.0  137.2                                           | 136.6  137.0               |          
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1985           |  79.5   79.8   79.7   79.5   79.4   79.3   78.8   79.0   79.3   78.8   79.0   79.7 |  79.7   79.4   79.0   79.2 |     79.3 
  1986           |  80.0   79.4   78.7   78.7   78.8   78.6   78.7   78.5   78.5   78.8   79.0   79.6 |  79.4   78.7   78.6   79.1 |     78.9 
                 |                                                                                    |                            |
  1987           |  79.1   80.0   80.1   80.4   80.8   81.0   81.4   81.9   81.9   83.0   83.4   83.7 |  79.8   80.7   81.7   83.4 |     81.4 
  1988           |  83.7   84.0   84.2   84.5   84.4   84.5   84.5   84.9   84.6   84.9   85.0   85.3 |  84.0   84.5   84.7   85.1 |     84.5 
  1989           |  85.6   85.1   85.2   85.1   84.4   84.3   83.2   83.8   83.3   83.0   83.1   83.4 |  85.3   84.6   83.4   83.2 |     84.1 
  1990           |  82.6   83.3   83.6   83.3   83.3   83.4   83.2   83.3   83.3   82.5   81.3   80.7 |  83.2   83.3   83.2   81.5 |     82.8 
  1991           |  80.2   79.5   78.9   79.0   79.7   80.3   80.3   80.2   80.9   80.6   80.4   79.9 |  79.5   79.7   80.5   80.3 |     80.0 
                 |                                                                                    |                            |
  1992           |  79.2   79.7   80.2   80.6   80.8   80.6   81.2   80.6   80.6   81.0   81.2   81.2 |  79.7   80.7   80.8   81.1 |     80.6 
  1993           |  81.4   81.7   81.4   81.6   81.2   81.2   81.4   81.2   81.4   81.9   82.1   82.4 |  81.5   81.3   81.3   82.1 |     81.6 
  1994           |  82.6   82.5   83.1   83.2   83.4   83.8   83.6   83.8   83.7   84.1   84.3   84.9 |  82.7   83.5   83.7   84.5 |     83.6 
  1995           |  84.9   84.5   84.3   83.9   83.8   83.8   83.2   83.9   83.9   83.4   83.3   83.2 |  84.6   83.8   83.7   83.3 |     83.8 
  1996           |  82.3   83.2   82.8   83.3   83.6   84.0   83.4   83.5   83.7   83.2   83.7   83.9 |  82.8   83.6   83.6   83.6 |     83.4 
                 |                                                                                    |                            |
  1997           |  83.6   84.1   84.2   83.7   83.7   83.6   83.8   84.1   84.3   84.6   84.8   84.6 |  84.0   83.7   84.1   84.7 |     84.1 
  1998           |  84.5   84.2   83.8   83.6   83.8   82.7   81.8   83.1   82.4   82.6   82.1   81.9 |  84.1   83.4   82.4   82.2 |     83.0 
  1999           |  81.8   81.7   81.4   81.2   81.4   80.9   80.9   81.1   80.6   81.4   81.5   81.8 |  81.6   81.2   80.9   81.6 |     81.3 
  2000           |  81.4   81.3   81.3   81.6   81.4   81.2   80.8   80.3   80.5   80.0   79.8   79.4 |  81.3   81.4   80.5   79.7 |     80.8 
  2001           |  78.7   78.2   77.9   77.7   77.1   76.6   76.3   76.1   75.7   75.2   74.8   74.6 |  78.3   77.2   76.0   74.9 |     76.6 
                 |                                                                                    |                            |
  2002           |  75.1   75.0   75.5   75.8   76.1   76.8   76.6   76.6   76.7   76.5   76.9   76.5 |  75.2   76.3   76.6   76.6 |     76.2 
  2003           |  77.0   77.2   77.0   76.4   76.4   76.4   76.6   76.4   76.9   76.9   77.5   77.4 |  77.1   76.4   76.6   77.3 |     76.8 
  2004           |  77.5   78.0   77.6   78.0   78.6   78.0   78.6   78.7   78.7   79.4   79.6   80.1 |  77.7   78.2   78.7   79.7 |     78.6 
  2005           |  80.4   80.8   80.6   80.6   80.7   80.9   80.5   80.5   78.7   79.6   80.2   80.6 |  80.6   80.7   79.9   80.1 |     80.3 
  2006           |  80.5   80.4   80.4   80.6   80.3   80.5   80.3   80.4   80.1   79.9   79.7   80.4 |  80.4   80.5   80.3   80.0 |     80.3 
                 |                                                                                    |                            |
  2007           |  79.8   80.6   80.5   80.9   80.9   81.0   80.9   81.1   81.3   80.8   81.2   81.1 |  80.3   80.9   81.1   81.0 |     80.8 
  2008           |  80.9   80.7   80.4   79.8   79.3   79.1   78.7   77.5   74.0   74.8   73.9   71.8 |  80.7   79.4   76.7   73.5 |     77.6 
  2009           |  70.1   69.5   68.3   67.7   66.9   66.7   67.4   68.3   68.9   69.2   69.5   69.9 |  69.3   67.1   68.2   69.6 |     68.5 
  2010           |  70.9   71.1   71.7   72.1   73.4   73.7   74.2   74.6   74.9   74.8   74.8   75.5 |  71.2   73.1   74.6   75.0 |     73.5 
  2011           |  75.5   75.2   75.9   75.6   75.8   75.9   76.2   76.6   76.5   77.0   76.7   77.0 |  75.5   75.7   76.4   76.9 |     76.1 
                 |                                                                                    |                            |
  2012           |  77.5   77.5   76.8   77.3   77.2   77.0   77.1   76.6   76.5   76.6   76.8   76.9 |  77.2   77.1   76.7   76.7 |     77.0 
  2013           |  76.8   77.1   77.1   77.0   76.8   76.9   76.4   76.9   77.2   77.1   77.2   77.3 |  77.0   76.9   76.9   77.2 |     77.0 
  2014           |  77.0   77.5   78.0   78.0   78.1   78.3   78.5   78.4   78.7   78.7   79.2   79.2 |  77.5   78.2   78.5   79.0 |     78.3 
  2015           |  78.9   78.7   78.5   78.2   78.0   78.1                                           |  78.7   78.1               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
 
 
 
1Table 11A
 Industrial Production: Manufacturing <1> Excluding Selected High-Technology Industries <2>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <3>
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1985           |   -.5    -.3     .8    -.2     .1     .1    -.4     .6     .2    -.3     .6     .4 |   -.1    1.5     .7    2.3 |      1.4 
  1986           |   1.2    -.6    -.4     .4     .2    -.2     .1     .3     .2     .3     .4     .8 |   4.7    -.1    1.0    4.3 |      2.2 
                 |                                                                                    |                            |
  1987           |   -.5    1.4     .1     .4     .6     .2     .6     .5     .4    1.5     .6     .5 |   4.7    5.9    5.9   10.3 |      4.6 
  1988           |   -.2     .2     .2     .8    -.3     .1    -.1     .0     .4     .5     .3     .5 |   2.3    3.4     .0    4.3 |      4.5 
  1989           |    .9   -1.0    -.1     .2    -.9     .2   -1.3     .8    -.3    -.3     .2     .0 |   2.4   -3.1   -4.3    -.6 |       .4 
  1990           |   -.4    1.5     .4    -.3     .1     .2    -.2     .3    -.1    -.9   -1.2    -.8 |   3.5    2.5     .6   -7.5 |       .0 
  1991           |   -.8    -.8    -.8     .4     .6    1.1     .3     .1    1.1    -.2    -.3    -.4 |  -9.7    1.2    7.1    1.1 |     -2.6 
                 |                                                                                    |                            |
  1992           |   -.8     .8    1.0     .4     .5     .1     .8    -.5    -.1     .5     .3    -.2 |  -1.2    7.1    2.8    1.5 |      2.6 
  1993           |   1.0     .1    -.4     .5    -.1    -.2     .3    -.3     .6     .8     .3     .5 |   4.0     .6     .3    6.0 |      2.6 
  1994           |    .1     .1    1.1     .6     .5     .1     .2     .5     .2     .7     .6     .9 |   3.9    7.1    3.7    7.0 |      4.4 
  1995           |    .1    -.4    -.1    -.4    -.1     .3    -.8     .8     .6    -.4    -.1     .0 |   2.7   -2.3     .2     .8 |      2.5 
  1996           |  -1.2    1.3    -.5    1.0     .5     .8    -.1     .2     .6    -.5     .7     .7 |  -2.0    7.4    3.9    2.8 |      1.5 
                 |                                                                                    |                            |
  1997           |   -.2    1.1     .8    -.6     .4     .4     .4    1.0     .6     .7     .8     .1 |   6.2    3.0    6.9    8.2 |      4.9 
  1998           |    .6     .0    -.3     .3     .4   -1.2    -.8    2.3    -.6     .7    -.1     .2 |   3.4    -.2    -.6    4.2 |      3.5 
  1999           |   -.1     .5    -.4     .0     .7    -.7     .0     .6    -.5    1.4     .4     .4 |    .7     .3     .0    6.7 |      1.3 
  2000           |   -.3    -.2     .3     .4    -.6     .0    -.2   -1.0     .3    -.4    -.5    -.8 |    .3     .9   -3.8   -4.6 |       .7 
  2001           |   -.6    -.6    -.3    -.1    -.7    -.6    -.2    -.5    -.2    -.7    -.2     .1 |  -6.9   -4.4   -4.6   -4.2 |     -4.7 
                 |                                                                                    |                            |
  2002           |    .6    -.2     .8     .2     .6    1.1    -.4     .1     .1    -.4     .4    -.6 |   3.2    5.6    2.6   -1.0 |       .4 
  2003           |    .4    -.1     .1   -1.0    -.1     .3     .0    -.6     .7    -.1    1.0    -.3 |    .5   -3.9    -.1    3.1 |       .0 
  2004           |   -.2     .7    -.2     .4     .8    -.8    1.0     .4    -.1    1.0    -.1     .6 |   1.3    3.3    3.7    4.8 |      2.0 
  2005           |    .6     .7    -.6     .2     .3     .1    -.5     .2   -1.2    1.5     .7     .0 |   5.2    1.4   -2.2    4.9 |      3.1 
  2006           |    .8    -.4    -.1     .5    -.6     .2    -.3     .5     .0    -.4     .0    1.5 |   3.1     .0    -.3     .8 |      1.5 
                 |                                                                                    |                            |
  2007           |   -.6     .3     .6     .5     .0     .5     .1    -.4     .3    -.6     .3     .0 |   3.2    4.7     .8   -1.7 |      1.8 
  2008           |   -.5    -.8    -.4   -1.2    -.6    -.6   -1.1   -1.2   -3.5    -.4   -2.1   -3.3 |  -4.3   -9.1  -13.6  -20.2 |     -5.8 
  2009           |  -3.1    -.2   -2.1    -.9   -1.2    -.4    1.4    1.2     .8     .2     .9    -.2 | -24.1  -12.4    7.5    6.6 |    -13.8 
  2010           |   1.0    -.3    1.1     .8    1.5    -.1     .6     .1     .0     .1    -.1     .3 |   5.4   10.2    4.7     .6 |      5.1 
  2011           |    .2     .0     .6    -.6     .1     .0     .7     .2     .4     .7    -.4     .7 |   2.1    -.4    4.3    3.9 |      2.5 
                 |                                                                                    |                            |
  2012           |   1.0     .2    -.7     .6    -.5     .1     .0    -.2    -.1    -.3     .7     .7 |   5.2    -.3   -1.2    1.0 |      2.4 
  2013           |   -.2     .4    -.3    -.3     .2     .2    -.8    1.0     .3     .2    -.1     .1 |   2.8    -.7     .3    2.7 |       .8 
  2014           |   -.8    1.1     .8     .3     .2     .4     .8    -.4     .2     .2     .9     .0 |    .9    6.0    3.9    3.4 |      2.5 
  2015           |   -.3    -.3     .2     .3     .2    -.1                                           |   -.6    1.7               |          
                 |                                                                                    |                            |
 IP (2012=100)   |                                                                                    |                            |
  1985           |  77.1   76.9   77.5   77.3   77.4   77.5   77.2   77.7   77.8   77.6   78.1   78.4 |  77.2   77.4   77.6   78.0 |     77.5 
  1986           |  79.3   78.9   78.6   78.9   79.0   78.9   78.9   79.1   79.3   79.5   79.8   80.4 |  78.9   78.9   79.1   79.9 |     79.2 
                 |                                                                                    |                            |
  1987           |  80.1   81.2   81.3   81.6   82.1   82.3   82.8   83.2   83.6   84.8   85.3   85.7 |  80.9   82.0   83.2   85.3 |     82.8 
  1988           |  85.6   85.8   85.9   86.6   86.4   86.5   86.4   86.4   86.7   87.1   87.3   87.8 |  85.8   86.5   86.5   87.4 |     86.5 
  1989           |  88.5   87.6   87.6   87.7   86.9   87.1   85.9   86.6   86.3   86.1   86.2   86.2 |  87.9   87.2   86.3   86.2 |     86.9 
  1990           |  85.9   87.2   87.6   87.3   87.4   87.6   87.4   87.7   87.6   86.8   85.8   85.1 |  86.9   87.4   87.6   85.9 |     86.9 
  1991           |  84.4   83.7   83.0   83.3   83.9   84.7   85.0   85.1   86.1   85.9   85.7   85.4 |  83.7   84.0   85.4   85.7 |     84.7 
                 |                                                                                    |                            |
  1992           |  84.7   85.4   86.2   86.6   87.0   87.1   87.8   87.4   87.3   87.7   87.9   87.8 |  85.4   86.9   87.5   87.8 |     86.9 
  1993           |  88.7   88.8   88.5   88.9   88.8   88.6   88.9   88.6   89.1   89.8   90.1   90.6 |  88.7   88.8   88.9   90.2 |     89.1 
  1994           |  90.6   90.7   91.7   92.3   92.7   92.8   93.0   93.5   93.7   94.4   94.9   95.8 |  91.0   92.6   93.4   95.0 |     93.0 
  1995           |  95.9   95.6   95.5   95.1   95.0   95.3   94.5   95.3   95.8   95.4   95.3   95.3 |  95.7   95.1   95.2   95.4 |     95.3 
  1996           |  94.2   95.4   95.0   96.0   96.5   97.3   97.2   97.4   98.0   97.5   98.2   98.9 |  94.9   96.6   97.5   98.2 |     96.8 
                 |                                                                                    |                            |
  1997           |  98.7   99.8  100.5  100.0  100.4  100.8  101.2  102.2  102.8  103.5  104.4  104.5 |  99.7  100.4  102.1  104.1 |    101.6 
  1998           | 105.1  105.1  104.8  105.1  105.5  104.3  103.4  105.8  105.1  105.9  105.7  106.0 | 105.0  104.9  104.8  105.9 |    105.1 
  1999           | 105.9  106.4  105.9  105.9  106.6  105.9  105.9  106.5  106.0  107.5  107.9  108.3 | 106.0  106.1  106.1  107.9 |    106.5 
  2000           | 108.0  107.8  108.1  108.6  108.0  108.0  107.8  106.7  107.0  106.6  106.0  105.1 | 107.9  108.2  107.2  105.9 |    107.3 
  2001           | 104.5  103.9  103.6  103.5  102.8  102.3  102.1  101.6  101.3  100.7  100.5  100.6 | 104.0  102.9  101.7  100.6 |    102.3 
                 |                                                                                    |                            |
  2002           | 101.2  101.1  101.8  102.0  102.6  103.7  103.3  103.4  103.5  103.1  103.5  102.9 | 101.4  102.8  103.4  103.2 |    102.7 
  2003           | 103.3  103.2  103.3  102.2  102.1  102.4  102.4  101.8  102.5  102.4  103.4  103.1 | 103.3  102.3  102.2  103.0 |    102.7 
  2004           | 102.9  103.6  103.4  103.9  104.7  103.9  104.9  105.3  105.2  106.2  106.1  106.8 | 103.3  104.2  105.1  106.4 |    104.7 
  2005           | 107.4  108.2  107.6  107.8  108.2  108.3  107.8  108.0  106.7  108.3  109.1  109.1 | 107.7  108.1  107.5  108.8 |    108.0 
  2006           | 110.0  109.5  109.4  110.0  109.3  109.6  109.2  109.7  109.7  109.2  109.2  110.9 | 109.6  109.6  109.5  109.8 |    109.6 
                 |                                                                                    |                            |
  2007           | 110.2  110.5  111.2  111.8  111.7  112.3  112.4  111.9  112.2  111.5  111.8  111.8 | 110.6  111.9  112.1  111.7 |    111.6 
  2008           | 111.2  110.3  109.8  108.5  107.8  107.2  106.0  104.8  101.1  100.7   98.6   95.4 | 110.4  107.8  104.0   98.3 |    105.1 
  2009           |  92.5   92.3   90.4   89.5   88.5   88.1   89.4   90.4   91.1   91.3   92.1   91.9 |  91.7   88.7   90.3   91.8 |     90.6 
  2010           |  92.8   92.6   93.6   94.4   95.7   95.7   96.3   96.4   96.4   96.5   96.4   96.6 |  93.0   95.3   96.4   96.5 |     95.3 
  2011           |  96.8   96.8   97.4   96.8   97.0   97.0   97.7   97.9   98.3   98.9   98.5   99.2 |  97.0   96.9   97.9   98.9 |     97.7 
                 |                                                                                    |                            |
  2012           | 100.2  100.4   99.8  100.4   99.9   99.9  100.0   99.7   99.6   99.3  100.0  100.7 | 100.1  100.1   99.8  100.0 |    100.0 
  2013           | 100.5  100.9  100.7  100.4  100.5  100.7   99.9  100.8  101.1  101.3  101.2  101.3 | 100.7  100.5  100.6  101.3 |    100.8 
  2014           | 100.5  101.6  102.4  102.7  102.9  103.3  104.1  103.7  104.0  104.2  105.1  105.1 | 101.5  103.0  103.9  104.8 |    103.3 
  2015           | 104.8  104.4  104.7  105.0  105.2  105.0                                           | 104.6  105.1               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 3.
 <2> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
 <3> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
 
 
 
1Table 11B
 Capacity and Utilization: Manufacturing <1> Excluding Selected High-Technology Industries <2>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|    Annual
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2012 output)    |                                                                                    |                            |
  1985           |  98.3   98.4   98.6   98.8   99.0   99.2   99.4   99.5   99.7   99.8   99.9  100.0 |  98.4   99.0   99.5   99.9 |     99.2 
  1986           | 100.1  100.2  100.2  100.3  100.4  100.5  100.5  100.6  100.7  100.8  101.0  101.1 | 100.2  100.4  100.6  101.0 |    100.5 
                 |                                                                                    |                            |
  1987           | 101.2  101.4  101.5  101.7  101.9  102.0  102.1  102.3  102.4  102.4  102.5  102.6 | 101.4  101.9  102.3  102.5 |    102.0 
  1988           | 102.6  102.6  102.6  102.6  102.6  102.6  102.6  102.6  102.7  102.7  102.8  102.9 | 102.6  102.6  102.6  102.8 |    102.7 
  1989           | 103.0  103.1  103.2  103.4  103.5  103.7  103.9  104.1  104.3  104.5  104.7  104.9 | 103.1  103.5  104.1  104.7 |    103.9 
  1990           | 105.1  105.3  105.5  105.7  105.8  106.0  106.2  106.3  106.5  106.7  106.8  107.0 | 105.3  105.8  106.3  106.8 |    106.1 
  1991           | 107.1  107.2  107.4  107.5  107.6  107.8  107.9  108.0  108.1  108.2  108.3  108.4 | 107.2  107.6  108.0  108.3 |    107.8 
                 |                                                                                    |                            |
  1992           | 108.5  108.7  108.8  108.9  109.0  109.2  109.3  109.4  109.6  109.7  109.8  110.0 | 108.7  109.0  109.4  109.8 |    109.2 
  1993           | 110.1  110.2  110.4  110.5  110.6  110.7  110.8  110.9  111.0  111.2  111.3  111.4 | 110.2  110.6  110.9  111.3 |    110.8 
  1994           | 111.5  111.6  111.8  111.9  112.1  112.2  112.4  112.6  112.8  113.0  113.2  113.4 | 111.7  112.1  112.6  113.2 |    112.4 
  1995           | 113.6  113.9  114.1  114.3  114.6  114.8  115.1  115.3  115.5  115.8  116.0  116.3 | 113.9  114.6  115.3  116.0 |    114.9 
  1996           | 116.5  116.8  117.0  117.3  117.5  117.8  118.0  118.3  118.6  119.0  119.3  119.6 | 116.8  117.5  118.3  119.3 |    118.0 
                 |                                                                                    |                            |
  1997           | 120.0  120.4  120.8  121.2  121.7  122.2  122.7  123.2  123.7  124.2  124.8  125.3 | 120.4  121.7  123.2  124.8 |    122.5 
  1998           | 125.9  126.4  126.9  127.5  128.0  128.5  129.0  129.5  129.9  130.4  130.8  131.2 | 126.4  128.0  129.5  130.8 |    128.7 
  1999           | 131.6  132.0  132.4  132.7  133.0  133.3  133.7  133.9  134.2  134.5  134.7  135.0 | 132.0  133.0  133.9  134.7 |    133.4 
  2000           | 135.2  135.5  135.7  135.9  136.1  136.3  136.5  136.6  136.8  137.0  137.1  137.3 | 135.4  136.1  136.6  137.1 |    136.3 
  2001           | 137.5  137.6  137.7  137.8  138.0  138.1  138.1  138.2  138.3  138.3  138.4  138.4 | 137.6  138.0  138.2  138.4 |    138.0 
                 |                                                                                    |                            |
  2002           | 138.4  138.4  138.4  138.4  138.3  138.3  138.2  138.2  138.1  138.0  137.9  137.9 | 138.4  138.3  138.2  137.9 |    138.2 
  2003           | 137.8  137.7  137.6  137.5  137.4  137.3  137.2  137.1  137.0  137.0  136.9  136.8 | 137.7  137.4  137.1  136.9 |    137.3 
  2004           | 136.7  136.6  136.5  136.4  136.4  136.3  136.3  136.3  136.3  136.3  136.3  136.4 | 136.6  136.4  136.3  136.3 |    136.4 
  2005           | 136.5  136.6  136.7  136.9  137.0  137.2  137.4  137.6  137.9  138.1  138.3  138.5 | 136.6  137.0  137.7  138.3 |    137.4 
  2006           | 138.8  139.0  139.2  139.4  139.6  139.7  139.9  140.1  140.2  140.4  140.5  140.7 | 139.0  139.6  140.1  140.5 |    139.8 
                 |                                                                                    |                            |
  2007           | 140.8  141.0  141.1  141.2  141.3  141.4  141.5  141.6  141.7  141.7  141.7  141.8 | 141.0  141.3  141.6  141.7 |    141.4 
  2008           | 141.7  141.7  141.7  141.6  141.6  141.5  141.4  141.2  141.1  140.9  140.7  140.5 | 141.7  141.5  141.2  140.7 |    141.3 
  2009           | 140.3  140.1  139.8  139.5  139.2  138.9  138.6  138.3  138.0  137.7  137.4  137.1 | 140.1  139.2  138.3  137.4 |    138.7 
  2010           | 136.7  136.4  136.2  135.9  135.6  135.3  135.0  134.7  134.5  134.2  134.0  133.7 | 136.5  135.6  134.7  134.0 |    135.2 
  2011           | 133.5  133.3  133.1  132.9  132.8  132.7  132.7  132.6  132.6  132.7  132.7  132.8 | 133.3  132.8  132.6  132.7 |    132.9 
                 |                                                                                    |                            |
  2012           | 132.9  133.0  133.2  133.3  133.5  133.7  133.9  134.0  134.2  134.4  134.6  134.8 | 133.0  133.5  134.0  134.6 |    133.8 
  2013           | 135.0  135.1  135.3  135.4  135.6  135.7  135.8  135.9  136.1  136.2  136.3  136.4 | 135.1  135.6  135.9  136.3 |    135.7 
  2014           | 136.5  136.6  136.7  136.7  136.8  136.9  137.0  137.0  137.1  137.2  137.2  137.3 | 136.6  136.8  137.0  137.2 |    136.9 
  2015           | 137.4  137.5  137.6  137.7  137.8  137.9                                           | 137.5  137.8               |          
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1985           |  78.5   78.1   78.6   78.2   78.2   78.2   77.7   78.0   78.1   77.7   78.1   78.4 |  78.4   78.2   77.9   78.1 |     78.2 
  1986           |  79.2   78.7   78.4   78.6   78.7   78.5   78.5   78.6   78.7   78.9   79.1   79.6 |  78.8   78.6   78.6   79.2 |     78.8 
                 |                                                                                    |                            |
  1987           |  79.1   80.1   80.1   80.3   80.6   80.7   81.1   81.4   81.7   82.8   83.2   83.6 |  79.7   80.5   81.4   83.2 |     81.2 
  1988           |  83.4   83.6   83.7   84.4   84.2   84.3   84.2   84.2   84.5   84.8   85.0   85.3 |  83.6   84.3   84.3   85.0 |     84.3 
  1989           |  86.0   85.0   84.9   84.9   83.9   83.9   82.7   83.2   82.8   82.4   82.3   82.2 |  85.3   84.3   82.9   82.3 |     83.7 
  1990           |  81.7   82.8   83.0   82.6   82.6   82.6   82.3   82.5   82.2   81.4   80.3   79.5 |  82.5   82.6   82.3   80.4 |     82.0 
  1991           |  78.8   78.1   77.3   77.5   77.9   78.7   78.8   78.9   79.7   79.4   79.1   78.7 |  78.1   78.0   79.1   79.1 |     78.6 
                 |                                                                                    |                            |
  1992           |  78.0   78.6   79.3   79.5   79.8   79.8   80.4   79.8   79.7   79.9   80.1   79.8 |  78.6   79.7   79.9   79.9 |     79.5 
  1993           |  80.6   80.6   80.2   80.5   80.3   80.1   80.2   79.9   80.2   80.8   81.0   81.3 |  80.5   80.3   80.1   81.0 |     80.5 
  1994           |  81.3   81.2   82.1   82.4   82.7   82.7   82.8   83.1   83.1   83.5   83.9   84.5 |  81.5   82.6   83.0   84.0 |     82.8 
  1995           |  84.4   83.9   83.7   83.2   82.9   83.0   82.1   82.6   82.9   82.4   82.1   82.0 |  84.0   83.0   82.5   82.2 |     82.9 
  1996           |  80.9   81.7   81.2   81.9   82.1   82.6   82.3   82.3   82.6   82.0   82.3   82.7 |  81.3   82.2   82.4   82.3 |     82.0 
                 |                                                                                    |                            |
  1997           |  82.3   82.9   83.2   82.5   82.5   82.5   82.5   83.0   83.1   83.3   83.7   83.4 |  82.8   82.5   82.9   83.5 |     82.9 
  1998           |  83.5   83.1   82.6   82.4   82.4   81.1   80.2   81.7   80.9   81.2   80.8   80.8 |  83.1   82.0   80.9   80.9 |     81.7 
  1999           |  80.4   80.6   80.0   79.8   80.2   79.4   79.2   79.5   79.0   79.9   80.0   80.2 |  80.3   79.8   79.2   80.1 |     79.9 
  2000           |  79.8   79.6   79.7   79.9   79.4   79.3   79.0   78.1   78.2   77.8   77.3   76.6 |  79.7   79.5   78.4   77.2 |     78.7 
  2001           |  76.0   75.5   75.2   75.1   74.5   74.1   73.9   73.5   73.3   72.8   72.6   72.7 |  75.6   74.6   73.6   72.7 |     74.1 
                 |                                                                                    |                            |
  2002           |  73.1   73.0   73.6   73.7   74.1   75.0   74.7   74.9   75.0   74.7   75.0   74.6 |  73.3   74.3   74.9   74.8 |     74.3 
  2003           |  75.0   75.0   75.1   74.3   74.3   74.6   74.6   74.2   74.8   74.8   75.6   75.4 |  75.0   74.4   74.5   75.3 |     74.8 
  2004           |  75.3   75.9   75.8   76.1   76.8   76.2   77.0   77.3   77.2   78.0   77.8   78.3 |  75.6   76.4   77.1   78.0 |     76.8 
  2005           |  78.7   79.2   78.7   78.8   78.9   78.9   78.4   78.5   77.4   78.4   78.9   78.7 |  78.9   78.9   78.1   78.7 |     78.6 
  2006           |  79.3   78.8   78.6   78.9   78.4   78.4   78.1   78.3   78.2   77.8   77.7   78.8 |  78.9   78.6   78.2   78.1 |     78.4 
                 |                                                                                    |                            |
  2007           |  78.3   78.4   78.8   79.2   79.1   79.4   79.4   79.0   79.2   78.7   78.9   78.8 |  78.5   79.2   79.2   78.8 |     78.9 
  2008           |  78.5   77.8   77.5   76.6   76.2   75.8   75.0   74.2   71.7   71.5   70.1   67.9 |  77.9   76.2   73.6   69.8 |     74.4 
  2009           |  65.9   65.9   64.6   64.2   63.5   63.4   64.5   65.4   66.1   66.3   67.1   67.1 |  65.5   63.7   65.3   66.8 |     65.3 
  2010           |  67.9   67.8   68.7   69.5   70.6   70.7   71.3   71.5   71.7   71.9   72.0   72.3 |  68.1   70.3   71.5   72.1 |     70.5 
  2011           |  72.5   72.7   73.2   72.8   73.0   73.1   73.6   73.8   74.1   74.6   74.2   74.7 |  72.8   73.0   73.8   74.5 |     73.5 
                 |                                                                                    |                            |
  2012           |  75.4   75.5   74.9   75.3   74.8   74.8   74.7   74.4   74.2   73.9   74.3   74.7 |  75.3   74.9   74.4   74.3 |     74.7 
  2013           |  74.5   74.7   74.4   74.1   74.2   74.2   73.5   74.2   74.3   74.4   74.3   74.3 |  74.5   74.2   74.0   74.3 |     74.2 
  2014           |  73.6   74.4   74.9   75.1   75.2   75.5   76.0   75.7   75.8   76.0   76.6   76.5 |  74.3   75.3   75.9   76.4 |     75.4 
  2015           |  76.3   76.0   76.1   76.2   76.3   76.2                                           |  76.1   76.2               |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from February 2015 through June 2015 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 3.
 <2> High technology industries include computers, communications equipment, and semiconductors and related electronic components.
 
 
 
1Table 12
 Annual Proportions in Industrial Production, Market and Industry Group Summary
 
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 Item                                                       |         NAICS |       2007        2008        2009        2010        2011        2012        2013        2014 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                            |               |
  Total IP                                                  |               |      100.0       100.0       100.0       100.0       100.0       100.0       100.0       100.0 
                                                            |               |
  MARKET GROUP                                              |               |
  Final products and nonindustrial supplies                 |               |       55.8        56.1        57.4        55.1        54.5        54.1        53.5        54.5 
     Consumer goods                                         |               |       27.2        27.1        29.3        27.7        27.3        26.4        26.4        26.7 
        Durable                                             |               |        6.4         6.0         5.7         5.5         5.3         5.3         5.4         5.7 
           Automotive products                              |               |        3.1         2.7         2.7         2.7         2.6         2.5         2.6         2.8 
           Home electronics                                 |               |         .4          .4          .3          .2          .2          .2          .2          .2 
           Appliances, furniture, carpeting                 |               |        1.0         1.0          .9          .8          .7          .8          .8          .8 
           Miscellaneous goods                              |               |        2.0         2.0         1.9         1.8         1.8         1.8         1.8         1.9 
        Nondurable                                          |               |       20.8        21.1        23.6        22.2        22.0        21.1        21.0        21.0 
           Non-energy                                       |               |       15.8        16.3        18.1        16.6        16.2        15.7        15.4        15.7 
              Foods and tobacco                             |               |        8.2         8.6         9.9         9.2         8.9         8.7         8.7         8.7 
              Clothing                                      |               |         .4          .4          .3          .3          .3          .3          .2          .2 
              Chemical products                             |               |        5.2         5.3         5.8         5.2         5.2         4.9         4.6         5.0 
              Paper products                                |               |        1.5         1.5         1.6         1.5         1.4         1.4         1.3         1.3 
           Energy                                           |               |        5.0         4.8         5.5         5.6         5.8         5.5         5.7         5.3 
                                                            |               |
     Business equipment                                     |               |        9.8        10.0         9.4         9.3         9.3        10.0         9.7        10.2 
        Transit                                             |               |        2.0         2.0         1.9         2.0         1.9         2.2         2.3         2.5 
        Information processing                              |               |        2.7         2.7         2.6         2.3         2.2         2.3         2.2         2.2 
        Industrial and other                                |               |        5.0         5.3         4.9         4.9         5.3         5.5         5.2         5.5 
     Defense and space equipment                            |               |        2.0         2.2         2.5         2.6         2.4         2.3         2.2         2.2 
                                                            |               |
     Construction supplies                                  |               |        5.2         5.0         4.4         4.2         4.2         4.3         4.3         4.5 
     Business supplies                                      |               |       10.9        11.1        11.2        10.7        10.5        10.3        10.1        10.1 
                                                            |               |
  Materials                                                 |               |       44.2        43.9        42.6        44.9        45.5        45.9        46.5        45.5 
     Non-energy                                             |               |       27.2        27.1        26.1        27.3        27.7        27.5        26.9        27.1 
        Durable                                             |               |       16.7        16.6        14.9        16.0        16.5        16.5        16.2        16.6 
           Consumer parts                                   |               |        3.0         2.7         2.2         2.5         2.6         2.8         2.8         2.9 
           Equipment parts                                  |               |        5.6         5.9         5.4         5.6         5.9         5.7         5.4         5.5 
           Other                                            |               |        8.1         7.9         7.3         7.9         8.1         8.0         8.0         8.2 
        Nondurable                                          |               |       10.5        10.5        11.2        11.3        11.2        11.0        10.8        10.5 
           Textile                                          |               |         .5          .4          .4          .5          .4          .4          .4          .4 
           Paper                                            |               |        2.1         2.2         2.2         2.1         2.0         2.0         2.0         1.9 
           Chemical                                         |               |        5.0         4.7         5.0         5.5         5.6         5.4         5.2         5.1 
     Energy                                                 |               |       17.0        16.8        16.5        17.6        17.8        18.4        19.5        18.4 
                                                            |               |
                                                            |               |
  INDUSTRY GROUP                                            |               |
  Manufacturing                                             |               |       76.1        75.8        75.7        74.7        74.5        74.3        73.0        73.9 
     Manufacturing (NAICS)                                  |        31-33  |       72.5        72.2        72.1        71.6        71.6        71.5        70.3        71.4 
                                                            |               |
        Durable manufacturing                               |               |       39.2        39.2        36.5        36.9        37.0        37.6        36.9        38.1 
           Wood products                                    |          321  |        1.2         1.1         1.0          .9          .9         1.0         1.1         1.1 
           Nonmetallic mineral products                     |          327  |        2.2         2.0         1.7         1.6         1.6         1.7         1.7         1.8 
           Primary metals                                   |          331  |        2.7         2.5         2.1         2.8         2.8         2.6         2.6         2.6 
           Fabricated metal products                        |          332  |        5.8         6.0         5.3         5.2         5.4         5.4         5.4         5.5 
           Machinery                                        |          333  |        5.1         5.4         4.9         5.1         5.6         6.0         5.6         5.9 
           Computer and electronic products                 |          334  |        6.9         7.0         6.6         6.4         6.3         6.1         5.7         5.7 
           Electrical equip., appliances,                   |               |
              and components                                |          335  |        1.9         2.0         1.9         1.8         1.8         1.8         1.8         1.8 
           Motor vehicles and parts                         |       3361-3  |        5.2         4.5         4.0         4.5         4.2         4.5         4.7         5.1 
           Aerospace and miscellaneous                      |               |
              transportation equipment                      |       3364-9  |        4.0         4.3         4.6         4.4         4.2         4.4         4.4         4.4 
           Furniture and related products                   |          337  |        1.4         1.4         1.1         1.0         1.0         1.1         1.1         1.1 
           Miscellaneous                                    |          339  |        2.9         3.2         3.4         3.2         3.1         2.9         2.9         3.0 
                                                            |               |
        Nondurable manufacturing                            |               |       33.3        33.0        35.6        34.7        34.6        33.9        33.5        33.2 
           Food, beverage, and tobacco products             |        311,2  |        9.9        10.5        12.1        11.2        10.7        10.5        10.5        10.5 
           Textile and product mills                        |        313,4  |         .9          .8          .7          .7          .7          .7          .7          .7 
           Apparel and leather                              |        315,6  |         .4          .4          .3          .3          .3          .3          .3          .3 
           Paper                                            |          322  |        2.5         2.6         2.8         2.6         2.5         2.6         2.6         2.6 
           Printing and support                             |          323  |        1.9         1.9         1.8         1.6         1.5         1.5         1.4         1.4 
           Petroleum and coal products                      |          324  |        3.3         2.7         3.1         3.6         4.0         3.8         3.8         3.2 
           Chemicals                                        |          325  |       11.3        11.3        11.9        11.8        11.9        11.6        11.1        11.3 
           Plastics and rubber products                     |          326  |        3.0         3.0         2.9         2.9         2.9         3.0         3.1         3.3 
                                                            |               |
     Other manufacturing (non-NAICS)                        |    1133,5111  |        3.6         3.6         3.6         3.1         3.0         2.8         2.7         2.6 
                                                            |               |
  Mining                                                    |           21  |       14.1        13.7        12.6        14.1        14.8        15.5        16.6        15.5 
  Utilities                                                 |       2211,2  |        9.8        10.5        11.7        11.2        10.7        10.2        10.4        10.6 
     Electric                                               |         2211  |        8.1         8.8        10.0         9.7         9.4         9.0         9.1         9.3 
     Natural gas                                            |         2212  |        1.7         1.7         1.7         1.5         1.3         1.2         1.3         1.3 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 Note. The IP proportion data are estimates of the industries' relative contributions to the overall change in IP between the reference
       year and the following year.  For example, a 1 percent increase in durable goods manufacturing between 2014 and 2015 would
       account for a .381 percent increase in total IP.
 
 
 
1Table 13
 Industrial Production and Capacity Utilization:  SUMMARY
 Seasonally adjusted
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    |                             2012=100                              |                                   Percent change
                                    | ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
                                    |      2015                                                         |      2015                                                         |    June '14 to 
 Industrial production              |   Jan.[r]    Feb.[r]    Mar.[r]    Apr.[r]     May[r]    June[r]  |   Jan.[r]    Feb.[r]    Mar.[r]    Apr.[r]     May[r]    June[r]  |      June '15 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    |                                                                   |                                                                   |
  Total index                       |     107.6      107.5      107.4      107.0      106.9      107.1  |       -.3        -.1        -.1        -.3        -.2         .2  |            1.3 
     Previous estimates             |     105.8      105.9      106.1      105.6      105.4      105.7  |       -.4         .0         .2        -.5        -.2         .3  |            1.5 
                                    |                                                                   |                                                                   |
  Major market groups               |                                                                   |                                                                   |
  Final Products                    |     104.6      104.3      104.2      103.9      104.0      103.9  |       -.1        -.3         .0        -.3         .2        -.1  |            1.0 
     Consumer goods                 |     105.3      105.4      105.6      105.4      105.5      105.4  |        .2         .0         .3        -.2         .1        -.1  |            1.9 
     Business equipment             |     106.2      105.8      105.9      106.0      106.8      106.8  |       -.1        -.4         .1         .1         .7         .0  |            2.5 
  Nonindustrial supplies            |     105.9      105.8      105.0      105.1      105.0      105.6  |        .2        -.2        -.8         .1         .0         .5  |            1.4 
     Construction                   |     110.1      109.2      107.7      107.7      108.2      108.3  |       -.2        -.9       -1.4         .0         .4         .1  |            1.4 
  Materials                         |     110.7      110.8      110.8      110.4      109.8      110.3  |       -.6         .1         .0        -.4        -.5         .4  |            1.5 
                                    |                                                                   |                                                                   |
  Major industry groups             |                                                                   |                                                                   |
  Manufacturing (see note below)    |     104.9      104.6      104.7      105.1      105.2      105.1  |       -.3        -.3         .2         .3         .1        -.1  |            1.6 
     Previous estimates             |     101.3      101.2      101.5      101.6      101.7      101.7  |       -.6        -.1         .3         .1         .0         .0  |            1.8 
                                    |                                                                   |                                                                   |
  Mining                            |     122.1      120.2      120.6      118.6      115.5      116.8  |      -1.6       -1.6         .3       -1.7       -2.6        1.1  |           -1.8 
  Utilities                         |     104.6      108.2      105.5      102.7      103.3      104.8  |       1.5        3.5       -2.5       -2.6         .6        1.5  |            3.1 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                                                                                             |    Capacity
                                  |                                                             Percent of capacity                                                             |     growth
                                  | ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
                                  |     Average       1988-       1990-       1994-       2008-             |                                                                   |                
                                  |       1972-          89          91          95          09       2014  |      2015                                                         |    June '14 to 
 Capacity utilization             |       2014         high         low        high         low       June  |   Jan.[r]    Feb.[r]    Mar.[r]    Apr.[r]     May[r]    June[r]  |      June '15 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                         |                                                                   |
  Total industry                  |       80.1        85.2        78.8        85.0        66.9        78.2  |      78.7       78.5       78.3       78.0       77.7       77.8  |            1.8 
     Previous estimates           |       80.1        85.3        78.7        85.0        66.9        79.2  |      79.1       79.0       79.0       78.5       78.2       78.4  |            2.6 
                                  |                                                                         |                                                                   |
  Manufacturing (see note below)  |       78.5        85.6        77.3        84.6        63.9        75.4  |      76.1       75.7       75.8       76.0       76.0       75.8  |            1.0 
     Previous estimates           |       78.6        85.6        77.3        84.6        63.9        77.3  |      77.4       77.2       77.3       77.3       77.3       77.2  |            1.9 
  Mining                          |       87.5        86.2        83.8        88.7        79.0        91.6  |      89.8       88.0       88.0       86.2       83.7       84.4  |            6.6 
  Utilities                       |       85.9        92.9        84.3        93.3        78.5        78.6  |      80.3       83.0       80.9       78.7       79.1       80.2  |            1.0 
                                  |                                                                         |                                                                   |
  Stage-of-process groups         |                                                                         |                                                                   |
  Crude                           |       86.3        87.6        84.3        89.8        76.9        88.6  |      87.1       86.1       85.9       84.9       83.0       83.6  |            5.1 
  Primary and semifinished        |       80.7        86.5        78.1        87.8        64.2        76.0  |      76.8       77.1       76.5       76.1       76.2       76.3  |             .8 
  Finished                        |       77.0        83.4        77.4        80.7        66.7        75.2  |      76.3       75.8       76.1       76.2       76.3       76.0  |            1.3 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 r  Revised.
 
 Note.  The statistics in this release cover output, capacity, and capacity utilization in the
 U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
 mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
 North American Industry Classification System (NAICS); electric and gas utilities are those in
 NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
 plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
 Logging and publishing are classified elsewhere in NAICS (under agriculture and information
 respectively), but historically they were considered to be manufacturing and were included in
 the industrial sector under the Standard Industrial Classification (SIC) system.  In December 2002
 the Federal Reserve reclassified all of its industrial output data from the SIC system to NAICS.
 
 
 
1 Table 14
 NETWORKING EQUIPMENT, 2001--2013
 ----------------------------------------------------------------------------------------
                     |      Production Index           Price Index    Value of Production
                     |            (2012=100)            (2012=100)  (millions of dollars)
 ----------------------------------------------------------------------------------------
 Annual Estimates    |
  2001               |                245.1                 374.6               24,640.7 
  2002               |                161.3                 338.8               14,682.0 
  2003               |                167.1                 287.6               12,900.4 
  2004               |                165.0                 250.0               11,087.1 
  2005               |                209.6                 223.1               12,540.0 
  2006               |                341.0                 204.3               18,498.8 
  2007               |                239.0                 183.4               12,117.4 
  2008               |                 21.0                 169.7                  956.3 
  2009               |                 60.1                 148.8                2,387.8 
  2010               |                 81.3                 130.9                2,860.5 
  2011               |                 82.3                 110.2                2,427.7 
  2012               |                100.0                 100.0                2,677.0 
  2013               |                110.1                  90.7                2,669.9 
 Quarterly Estimates |
  2001Q1             |                272.6                 380.1              27,754.5 
      Q2             |                253.1                 373.9              25,347.7 
      Q3             |                235.8                 372.2              23,502.0 
      Q4             |                220.1                 372.5              21,955.3 
                     |
  2002Q1             |                177.4                 355.8              16,907.3 
      Q2             |                161.1                 342.1              14,757.6 
      Q3             |                155.0                 334.1              13,867.8 
      Q4             |                152.5                 323.9              13,231.5 
                     |
  2003Q1             |                151.9                 300.1              12,214.7 
      Q2             |                172.0                 302.3              13,928.9 
      Q3             |                182.7                 287.3              14,055.6 
      Q4             |                163.8                 260.8              11,443.7 
                     |
  2004Q1             |                180.1                 269.3              12,989.0 
      Q2             |                157.6                 254.6              10,746.6 
      Q3             |                160.3                 244.1              10,480.5 
      Q4             |                169.9                 232.7              10,584.0 
                     |
  2005Q1             |                169.0                 225.3              10,200.8 
      Q2             |                191.0                 222.6              11,389.5 
      Q3             |                230.7                 222.8              13,767.8 
      Q4             |                264.9                 222.2              15,765.1 
                     |
  2006Q1             |                235.2                 217.5              13,701.6 
      Q2             |                273.1                 206.0              15,062.7 
      Q3             |                382.6                 199.2              20,408.5 
      Q4             |                522.7                 194.4              27,214.3 
                     |
  2007Q1             |                431.6                 190.6              22,031.5 
      Q2             |                373.2                 188.0              18,785.5 
      Q3             |                 38.1                 180.8               1,845.2 
      Q4             |                 43.7                 174.0               2,036.5 
                     |
  2008Q1             |                 22.2                 177.5               1,056.3 
      Q2             |                 16.6                 172.0                 763.1 
      Q3             |                 19.0                 169.1                 860.3 
      Q4             |                 27.1                 159.6               1,157.5 
                     |
  2009Q1             |                 27.5                 150.8               1,112.7 
      Q2             |                 50.4                 151.5               2,045.2 
      Q3             |                 75.6                 144.5               2,928.0 
      Q4             |                 90.6                 147.9               3,589.4 
                     |
  2010Q1             |                 84.0                 139.5               3,138.0 
      Q2             |                 77.2                 132.4               2,739.6 
      Q3             |                 83.2                 127.9               2,848.0 
      Q4             |                 78.3                 123.6               2,591.3 
                     |
  2011Q1             |                 71.2                 116.0               2,213.3 
      Q2             |                 79.0                 109.5               2,317.7 
      Q3             |                 84.8                 109.1               2,476.9 
      Q4             |                 91.6                 106.3               2,607.4 
                     |
  2012Q1             |                 95.7                 104.5               2,680.1 
      Q2             |                 97.8                 102.5               2,684.5 
      Q3             |                101.1                  97.2               2,634.4 
      Q4             |                105.3                  95.9               2,703.6 
                     |
  2013Q1             |                103.6                  95.4               2,646.0 
      Q2             |                108.0                  92.8               2,684.2 
      Q3             |                112.3                  89.5               2,690.6 
      Q4             |                116.3                  85.2               2,655.2 
                     |
 ---------------------------------------------------------------------------------------
 
 
 
 
                    --------------------
 
 NOTE: The production index in the table is calculated as the value of production
 divided by the price index and then indexed to 2012.  The production index does not
 reflect changes to IP for benchmark purposes and so it is not equivalent to the
 IP index for data networking equipment.
 
 
 
1
 Explanatory Note

 
 The Industrial Production and Capacity Utilization statistical
 release, which is published around the middle of the month, reports
 measures of output, capacity, and capacity utilization in
 manufacturing, mining, and the electric and gas utilities industries.
 More detailed descriptions of industrial production and capacity
 utilization are available on the Board's website at  www.federalreserve.gov/releases/G17. In addition, files containing
 data shown in the release, more detailed series that were published in
 the G.17 prior to December 2000, and historical data are available
 from the Data Download Program on the Board's website.  Instructions
 for searching for and downloading specific series are provided as
 well.
 
 Industrial Production
 
 Coverage. The industrial production (IP) index measures the real
 output of the manufacturing, mining, and electric and gas utilities
 industries; the reference period for the index is 2012.  Manufacturing
 consists of those industries included in the North American Industry
 Classification System, or NAICS, definition of manufacturing  plus those industries-logging and newspaper, periodical, book and
 directory publishing-that have traditionally been considered to be
 manufacturing and included in the industrial sector.  For the period
 since 1997, the total IP index has been constructed from 299
 individual series based on the 2012 NAICS codes. These individual
 series are classified in two ways: (1) market groups, and (2) industry
 groups.  Market groups consist of products and materials.  Total
 products are the aggregate of final products, such as consumer goods
 and equipment, and nonindustrial supplies (which are inputs to
 nonindustrial sectors).  Materials are inputs in the manufacture of
 products.  Major industry groups include three-digit NAICS industries
 and aggregates of these industries-for example, durable and
 nondurable manufacturing, mining, and utilities.  A complete
 description of the market and industry structures, including details
 regarding series classification, relative importance weights, and data
 sources, is available on the Board's website at ( www.federalreserve.gov/releases/G17/About.htm).
 
 Source data. On a monthly basis, the individual indexes of industrial
 production are constructed from two main types of source data: (1) output
 measured in physical units, and (2) data on inputs to the production
 process, from which output is inferred.  Data on physical products, such as
 tons of steel or barrels of oil, are typically obtained from private trade associations
 and from government agencies; data of this type are used to estimate
 monthly IP wherever possible and appropriate.  Production indexes for a
 few industries are derived by dividing estimated nominal output
 (calculated using unit production or sales and unit values) by a
 corresponding Fisher price index; the most notable of these fall within the
 high-technology grouping and include semiconductors.  When suitable data on physical product
 are not available, estimates of output are based on production-worker
 hours by industry.  Data on hours worked by production workers are
 collected in the monthly establishment survey conducted by the Bureau of
 Labor Statistics.  The factors used to convert inputs into estimates of
 production are based on historical relationships between the inputs and the
 comprehensive annual data used to benchmark the IP indexes; these
 factors also may be influenced by technological or cyclical developments.
 The annual data used in benchmarking the individual IP indexes are
 constructed from a variety of source data, such as the quinquennial
 Censuses of Manufactures and Mineral Industries and the Annual Survey
 of Manufactures, prepared by the Bureau of the Census; the Minerals
 Yearbook, prepared by the U.S. Geological Survey of the
 Department of the Interior; and publications of the Department of Energy.
 
 Aggregation Methodology and Weights.  The aggregation method for
 the IP index is a version of the Fisher-ideal index formula.  (For a detailed
 discussion of the aggregation method, see The Federal Reserve Bulletin
 February 1997 and March 2001.)  In the IP index, series that measure the
 output of an individual industry are combined using weights derived from
 their proportion in the total value-added output of all industries.  The IP
 index, which extends back to 1919, is built as a chain-type index since
 1972.  The current formula for the growth in monthly IP (or any of the
 sub-aggregates) since 1972 is the geometric mean of the change in output
 (I), and, as can be seen below, is computed using the unit value added
 estimate for the current month (p_m) and the estimate for previous month:
 
 %     Equation not available in ascii file.
 
 The IP proportions (typically shown in the first column of the relevant
 tables in the monthly G.17 release) are estimates of the industries' relative
 contributions to overall growth in the following year.  For example, the
 relative importance weight of the motor vehicles and parts industry is
 about 6 percent.  If output in this industry increased 10 percent in a month,
 then this gain would boost growth in total IP by 6/10 percentage point
 (0.06 x 10% = 0.6%).  To assist users with calculations, the Federal
 Reserve's website provides supplemental monthly statistics that represent
 the exact proportionate contribution of a monthly change in a component
 index to the monthly change in the total index (www.federalreserve.gov/
 releases/G17/ipdisk/ipweightssa.txt).
 
 Timing. The first estimate of output for a month is published
 around the 15th of the following month. The estimate is preliminary
 (denoted by the superscript "p" in tables) and subject to revision
 in each of the subsequent five months as new source data become
 available. (Revised estimates are denoted by the superscript "r" in
 tables.)  For the first estimate of output for a given month, about 67
 percent of the source data (in value-added terms) are available; the
 fraction of available source data increases to 81 percent for
 estimates in the second month that the estimate is published, 93
 percent in the third month, 96 percent in the fourth month, 99 percent
 in the fifth month, and 99 percent in the sixth month. Data
 availability by data type in early 2011 is summarized in the table
 below:
 
   Availability of Monthly IP Data in Publication Window
   (Percent of value added in 2011) 
     Type of data                1st  2nd  3rd  4th  5th  6th 
       Physical product            27   41   53   55   58   58
       Production-worker hours     41   41   41   41   41   41
       IP data received            67   81   93   96   99   99
       IP data estimated           33   19   7    4    1    1
 
 The physical product group includes series based on either monthly or
 quarterly data.  As can be seen in the first row of the table, in the
 first month, a physical product indicator is available for about one-half
 of the series (in terms of value added) that ultimately are based on
 physical product data (27 percent out of a total of 58 percent).  Of
 the 27~percent, about two-thirds (19 percent of total IP) include
 series that are derived from weekly physical product data and for
 which actual monthly data may lag up to several months.  On average,
 quarterly product data are received for the fourth estimate of
 industrial production.  Specifically, quarterly data are available for
 the third estimate of the last month of a quarter, the fourth estimate
 of the second month of a quarter, and the fifth estimate of the first
 month of a quarter.
 
 Seasonal adjustment. Individual series are seasonally adjusted using
 Census X-12 ARIMA. For series based on production-worker hours, the
 current seasonal factors were estimated with data through May 2015;
 for other series, the factors were estimated with data through at least
 March 2015.  Series are pre-adjusted for the effects of holidays or the
 business cycle when appropriate.  For the data since 1972, all seasonally
 adjusted aggregate indexes are calculated by aggregating the seasonally
 adjusted indexes of the individual series.
 
 Reliability.  The average revision to the level of the
 total IP index, without regard to sign, between the first and the
 fourth estimates was 0.27 percent during the 1987-2013 period.  The
 average revision to the percent change in total IP, without
 regard to sign, from the first to the fourth estimates was 0.21
 percentage point during the 1987-2013 period.  In most cases (about
 85 percent), the direction of the change in output indicated by the
 first estimate for a given month is the same as that shown by the
 fourth estimate.
 
 Rounding.  The published percent changes are calculated from unrounded
 indexes, and may not be the same as percent changes calculated from the
 rounded indexes shown in the release.
 
 Capacity Utilization
 
 Overview.  The Federal Reserve Board constructs estimates of capacity
 and capacity utilization for industries in manufacturing, mining, and
 electric and gas utilities.  For a given industry, the capacity utilization rate
 is equal to an output index (seasonally adjusted) divided by a capacity
 index.  The Federal Reserve Board's capacity indexes attempt to capture
 the concept of sustainable maximum output-the greatest level of output a
 plant can maintain within the framework of a realistic work schedule, after
 factoring in normal downtime and assuming sufficient availability of
 inputs to operate the capital in place.
 
 Coverage.  Capacity indexes are constructed for 88 detailed industries
 (70 in manufacturing, 16 in mining, and 2 in utilities), which mostly
 correspond to industries at the three- and four-digit NAICS level.
 Estimates of capacity and utilization are available for a variety of groups,
 including durable and nondurable manufacturing, total manufacturing,
 mining, utilities, and total industry.  Manufacturing consists of those
 industries included in the North American Industry Classification System,
 or NAICS, definition of manufacturing plus those industries-logging and
 newspaper, periodical, book and directory publishing-that have
 traditionally been considered to be manufacturing and included in the
 industrial sector.  Also, special aggregates are available, such as high-technology
 industries and manufacturing excluding high-technology industries.
 
 Source Data.  The monthly rates of capacity utilization are designed to be
 consistent with both the monthly data on production and the periodically
 available data on capacity and utilization.  Because there is no direct
 monthly information on overall industrial capacity or utilization rates, the
 Federal Reserve first estimates annual capacity indexes from the source
 data.  Capacity data reported in physical units from government sources
 (primarily from the U.S. Geological Survey and the Department of
 Energy's Energy Information Administration) and trade sources are
 available for portions of several industries in manufacturing (for example, paper,
 industrial chemicals, petroleum refining, motor vehicles), as well as for
 electric utilities and mining; these industries represent about 25 percent of
 total industrial capacity.  When physical product data are unavailable for
 manufacturing industries, capacity indexes are based on responses to the
 Bureau of the Census's Quarterly Survey of Plant Capacity (QSPC); these
 industries account for a bit less than 70 percent of total industry capacity.
 In the absence of utilization data for a few mining and petroleum series, capacity
 is based on trends through peaks in production (roughly 5 percent of total
 industry capacity).  A detailed description of the methodology used to
 construct the capacity indexes is available on the Board's website
 (www.federalreserve.gov/releases/G17/CapNotes.htm).
 
 Aggregation Methodology.  Monthly capacity aggregates are calculated
 in three steps: (1) utilization aggregates are calculated on an annual basis
 through the most recent full year as capacity-weighted aggregates of
 individual utilization rates; (2) the annual aggregate capacity is derived
 from the corresponding production and utilization aggregates; (3) the
 monthly capacity aggregate is obtained by interpolating with a Fisher
 index of its constituent monthly capacity series.  Utilization rates for the
 individual series and aggregates are calculated by dividing the pertinent
 monthly production index by the related capacity index.
 
 Consistency.  A major aim is that the Federal Reserve
 utilization rates be consistent over time so that, for example, a rate
 of 85 percent means about the same degree of tightness that it meant
 in the past.  A major task for the Federal Reserve in developing
 reasonable and consistent time series of capacity and utilization is
 dealing with inconsistencies between the movements of the industrial
 production index and the survey-based utilization rates.  The
 McGraw-Hill/DRI Survey, now discontinued, was the primary source of
 manufacturing utilization rates for many years.  This survey of large
 companies reported, on average, higher utilization rates than those
 reported by establishments covered by the annual Survey of Plant
 Capacity (the primary source of factory operating rates through 2006,
 after which it was discontinued) for the fourteen years they
 overlapped.  Adjustments have been made to keep the industry
 utilization rates currently reported by the Federal Reserve (now based
 on the QSPC) roughly in line with rates formerly reported by
 McGraw-Hill.  As a consequence, the rates reported by the Federal
 Reserve tend to be higher than the rates reported in the Census
 utilization surveys.
 
 Perspective.  Over the 1972-2014 period, the average total industry
 utilization rate was 80.1 percent; for manufacturing, the average factory
 operating rate was 78.7 percent.  Industrial plants usually operate at
 capacity utilization rates that are well below 100 percent: none of the
 broad aggregates has ever reached 100 percent.  For total industry and
 total manufacturing, utilization rates have exceeded 90 percent only in
 wartime.  The highs and lows in capacity utilization are
 specific to each series and do not all occur in the same month.
 
 References and Release Dates
 
 References.  The annual revision published in June 2010 is
 described in an article published in the Federal Reserve
   Bulletin, available on the Board's website at  www.federalreserve.gov/releases/G17/About.htm.  A summary of the
 annual revision that incorporated back to 1972 production and capacity
 indexes reclassified according to the North American Industry
 Classification System is available in an article in the Federal
   Reserve Bulletin, vol. 89 (April 2003), pp.151-76.  A description
 of the aggregation methods for industrial production and capacity
 utilization is included in an article in the Federal Reserve
   Bulletin, vol.  83 (February 1997), pp. 67-92.  The Federal Reserve
 methodology for constructing industry-level measures of capital is
 detailed in "Capital Stock Estimates for Manufacturing Industries:
 Methods and Data" by Mike Mohr and Charles Gilbert (1996), which can
 be obtained at  www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.
 
 Industrial Production-1986 Edition contains a more detailed description
 of the other methods used to compile the industrial production index, plus
 a history of its development, a glossary of terms, and a bibliography.  The
 major revisions to the IP indexes and capacity utilization since 1990 have
 been described in the Federal Reserve Bulletin (April 1990, June 1990,
 June 1993, March 1994, January 1995, January 1996, February 1997,
 February 1998, January 1999, March 2000, March 2001, March 2002,
 April 2003, Winter 2004, Winter 2005).
 
 Release Schedule
 
 On the day the G.17 is released it is published at 9:15 a.m., the publication
 schedule for 2015 is January 16, February 18, March 16, April 15, May 15, June 15,
 July 15, August 14, September 15, October 16, November 17, and
 December 16.
 
 This release schedule is available on the Board's website at
 http://www.federalreserve.gov/releases/g17.