FEDERAL RESERVE statistical release

G.17 (419) 2009 Annual Revision For release at 2:00 p.m. (EDT)

March 27, 2009

Industrial Production and Capacity Utilization: The 2009 Annual Revision

The Federal Reserve has revised the index of industrial production (IP) and the related measures of

capacity and capacity utilization. Although rates of change from January 1972 through February 2009 are

affected, the revision has its largest impact on data in 2007 and 2008. The overall contour of total IP is little

changed by the revision: The index posted moderate increases from 2004 through 2007 but declined sharply in

2008. Relative to earlier estimates, measured from fourth quarter to fourth quarter, total IP is now reported to

have increased 0.3 percentage point more slowly in 2007 and to have decreased 0.5 percentage point more

rapidly in 2008; the index for February 2009 now stands about 1 percent below its previously published level.

The revision shows that the rates of capacity utilization for total industry in the fourth quarters of 2007

and 2008 were about 1/2 percentage point lower than previously estimated. At 74.3 percent, overall utilization in

the fourth quarter of 2008 was 6.6 percentage points below its 1972–2008 (long-run) average.

The revision to IP incorporates new data from the following sources: manufacturing data from selected

2007 Current Industrial Reports from the U.S. Census Bureau, annual data on the publishing industry from the

Census Bureau’s Services Annual Survey, new annual data on mineral extraction for 2006 and 2007 from the

U.S. Geological Survey (USGS), annual data on logging for 2007 from the U.S. Forest Service, the 2002

input-output tables from the Bureau of Economic Analysis (BEA), and updated price deflators from the BEA.

Comprehensive benchmark data for manufacturing for 2007 are not yet available. The results of both the 2007

Census of Manufactures and the 2008 Annual Survey of Manufactures (both from the Census Bureau) should be

available for the 2010 revision to the IP indexes. Results from the 2007 and 2008 Quarterly Surveys of Plant

Capacity, however, were used to augment the regular monthly production indicators in the revised production

indexes for those years. The new monthly production estimates also reflect the incorporation of updated seasonal

factors and monthly and quarterly source data that became available (or were revised) after the closing of the

reporting window.

The revised capacity utilization rates incorporate the results from the Census Bureau’s Quarterly Survey

of Plant Capacity for the fourth quarters of 2007 and 2008. In addition, the revisions to the capacity indexes and

capacity utilization rates incorporate the revised production indexes and newly available data on industrial

capacity from the USGS, the Energy Information Administration of the U.S. Department of Energy (DOE), and

other organizations.

RESULTS OF THE REVISION

The tables show the summary statistics for the annual revision. Tables 1A and 1B show the monthly,

quarterly, and annual average index levels for IP and for capacity and utilization for January 1979 through

February 2009, along with percent changes in IP and capacity utilization rates. Tables 2 and 3 show the revised

rates of change in IP from 2004 through 2008 for market groups, industry groups, special aggregates, and

selected detail. Table 4 shows the revised annual rates of change in IP for the 2004–08 period for selected detail,

and table 5 shows the rates of change in capacity by industry groups for the 2005–09 period. Tables 2 through 5

1
also show the difference between the revised and earlier rates of change. Table 6 shows the revised capacity

utilization rates for the final quarters of 2005 through 2008 and the differences between the revised and previous

rates. Tables 7A, 7B, 8A, 8B, 9A, and 9B report the revised production, capacity, and utilization series for

manufacturing, total industry excluding selected high-technology industries, and manufacturing excluding

selected high-technology industries. Table 10 reports the annual proportions in IP by market and industry groups

for 2001 through 2008. Table 11 reports revised IP indexes and capacity utilization rates for the major market

and industry groups for the most recent six months.

Industrial Production

The changes in total IP were revised slightly for 2007 and 2008 (table 2), but the overall contour for

recent years was little changed—moderate gains for 2004 through 2007 are still followed by a drop in the index

in 2008.1 Compared with the previous estimates, the increase in output in 2007 is now reported to have been

slower, and the decline in 2008 is now reported to have been faster.2 The increases for 2004 through 2006 are

little changed.

Production by Industry Group

Manufacturing production expanded, on net, during the 2004–07 period, albeit at a somewhat slower rate

than initially reported, before contracting in 2008.3 For durable goods industries as a whole, output rose in each

year from 2004 through 2007, although these gains have been moderated by the recent revision. Durable goods

output fell sharply in 2008, and that drop was little changed, on net, compared with the previous estimate. For

the 2004–06 period, the revisions to output in most durable goods industries were relatively modest, with the

exception of computer and electronic products, in which the gain in output in 2006 is now stated to have been

significantly lower. Relative to previous estimates, the current revision reports noticeably lower output indexes in

2007 for wood products, nonmetallic mineral products, computer and electronic products, and furniture and

related products but it reports a noticeably higher output index in 2007 for miscellaneous durable goods. For

2008, relative to previous estimates, higher output indexes are reported for electrical equipment, appliances, and

components and for furniture and related products, but the production indexes for wood products, primary

metals, machinery, and computer and electronic products were revised down moderately.

Production in nondurable manufacturing industries advanced in every year from 2004 through 2007 but

fell sharply in 2008. Within the nondurable goods sector, output in most recent years was little changed, on net,

compared with previous estimates. The current revision reports noticeably higher rates of change in 2007 in

textile and product mills, apparel and leather, and petroleum and coal products but a noticeably lower rate of

change in chemicals. For 2008, output is now reported to have fallen markedly faster for apparel and leather,

printing and support activities, chemicals, and plastics and rubber products compared with previous estimates.

The revised output index for non-NAICS manufacturing (logging and publishing) fell each year from

2005 through 2008, with a particularly sharp drop in 2008. The rate of change for these industries in 2006 is

substantially higher than stated earlier, but revisions to the rates for other years were smaller. The index for

mining rose modestly in the past two years after a jump in 2006; the increase in 2006 was revised up relative to

previous estimates, but the index is otherwise similar to what was previously reported. The index for utilities is

also nearly unchanged from previous estimates, with the exception of 2008, for which the index now shows a

small decline rather than a small advance.

1

In this section, all the rates of change are calculated from the fourth quarter of the previous year to the fourth quarter of the reference year. Estimates for the fourth

quarter of 2008 are subject to further revision in the upcoming monthly releases.

2The downward revision to overall IP in 2008 primarily reflects changes to the underlying indexes, but more than 0.1 percentage point of the revision to the rate of

change resulted from updating the weights for energy goods to reflect the drop in energy prices in mid-2008.

3Manufacturing consists of those industries in the North American Industry Classification System, or NAICS, definition of manufacturing plus those industries—

logging and newspaper, periodical, book, and directory publishing—that traditionally have been considered to be manufacturing.

2
The estimates for selected high-technology industries—computers and peripheral equipment,

communications equipment, and semiconductors and related electronic components—had sizable revisions over

the 2004–08 period (table 3). On net, output in the high-tech sector is still reported to have posted gains in recent

years, with robust increases from 2004 through 2007 followed by a moderate contraction in 2008. However, the

increases in 2006 and 2007 are now shown to have been slower, and the decrease in 2008 is now shown to have

been more rapid, than reported earlier. The index for computers and peripheral equipment rose in each of the

years from 2004 through 2007 and then fell in 2008; the rates of change were revised up in each of the past few

years except 2005. The output of communications equipment expanded in each of the past few years, but the

rates of increase in most years are markedly lower than estimated previously, particularly in 2007. Production of

semiconductors and related components rose solidly from 2004 through 2007 but contracted significantly in

2008; the rates of change in 2004, 2006, 2007, and 2008 are notably lower than formerly reported, and the rise in

2005 is now higher.

Production by Market Group

The production index for final products and nonindustrial supplies (table 2) posted moderate gains from

2004 through 2007 and then fell markedly in 2008. The rates of change in the index are a bit lower than

previously reported for 2007 and 2008 but are little changed for previous years.4

The production of consumer goods rose modestly in 2004 and 2005, was almost unchanged in 2006 and

2007, and then moved down significantly in 2008. Compared with previous estimates, output was revised down

noticeably in 2007; the revisions to other recent years were much smaller. The output of durable consumer goods

fell slightly, on net, from 2004 through 2007 and then dropped steeply in 2008; the rate of change was revised up

somewhat in 2006. Among durable consumer goods, the most significant revisions were in the index for home

electronics, which now increases less rapidly in 2005 and 2006, but more rapidly in 2004 and 2007; in 2008, the

index now posts an advance instead of a decline.

The index for consumer nondurables shows moderate gains in output for 2004, 2005, and 2006 and

modest contractions for 2007 and 2008. The index for consumer nondurable non-energy goods was nearly

unaltered in every year except 2007, which now shows a decline. In that year, significantly lower estimates of the

output of chemical products and of paper products more than account for the revision. The index for consumer

energy products was revised down in 2008 but still posted moderate increases, on net, over the past few years.

The production of business equipment increased solidly from 2004 through 2006, rose modestly in 2007,

and then deteriorated in 2008. Relative to previous estimates, the rate of change in the index was noticeably

lower in 2005 and 2007; the revisions to other recent years were smaller. For transit equipment, output rose

substantially, on net, from 2004 through 2006 and fell back in 2007; the index plummeted in 2008, partly because

of weakness in the motor vehicle industry and partly because of a strike at a major aircraft producer in the second

half of the year. The rates of change in the index for transit equipment were revised down in 2004, 2005, and

2008; were revised up in 2007; and were little changed in 2006. The production of information processing

equipment expanded in each year from 2004 through 2008. The increases in each year were revised down,

however, except in 2004 and in 2008, for which the index now posts an advance instead of a small decline. The

production of defense and space equipment is now estimated to have risen more slowly in 2004 and more quickly

in 2005 and 2007; the declines in 2006 and 2008 are now reported to have been smaller than stated previously.

After posting gains in 2004 and 2005, the output of construction supplies fell back in 2006 and 2007 and

then dropped sharply in 2008; relative to earlier estimates, the index decreased less in 2007. The production of

business supplies rose modestly from 2004 through 2007 and then slumped in 2008; this index now reports a

4Although aggregate IP was little revised before 2007, some market groups had noticeable revisions. These revisions were often due to the incorporation of the 2002

input-output tables in the IP estimates, which changed the allocation of individual IP indexes among market groups.

3
small increase for 2006 instead of a small decline, and the rate of change in 2008 is weaker than previously

reported.

The index for materials moved up over the years 2004 through 2007, then fell markedly in 2008; the rate

of change in 2008 is now somewhat weaker than the previous estimate. The indexes for durable and nondurable

materials both fell more than 10 percent in 2008 after having increased moderately, on net, from 2004 through

2007. Relative to earlier estimates, over the 2004–08 window, the rates of change for the index for durable

materials are lower, on net, but the rates of change for the index for nondurable materials are higher overall. The

index for energy materials only edged up in 2008 after having increased moderately in the previous two years,

and it is little changed by the revision.

Capacity

Overall, total industrial capacity posted moderate gains from 2005 through 2008 but is expected to

decline in 2009 (table 5). The rates of change in both 2008 and 2009 were revised down noticeably from earlier

estimates, but revisions to earlier years were smaller. The contour of manufacturing capacity and the revisions to

that contour are similar to those for total industry. Aggregate capacity for the selected high-technology industries

rose in each year from 2005 through 2009; the revision shows that, relative to previous reports, capacity in these

industries rose less quickly in 2005, 2006, and especially 2008 but increased somewhat more rapidly in 2007 and

it is expected to rise in 2009. Excluding high-technology industries, manufacturing capacity expanded from 2005

through 2008 but is expected to decline in 2009. The current estimates are similar to previous reports except for

2009, for which the contraction in capacity is now anticipated to be greater than stated previously.

Capacity at mines is estimated to have fallen in 2005 and to have expanded from 2006 through 2008; it is

expected to recede somewhat in 2009. The gains in 2006 and 2008 are now reported to have been stronger than

previously published, but the rates of change in 2007 and 2009 have been revised down. Capacity at electric and

gas utilities has risen each year since 2004. The current estimates show quicker gains in 2005 and 2006 than

reported earlier; revisions to other recent years were negligible.

By stage of processing, capacity in the crude stage is now reported to have risen more in 2006 and 2008

than previously shown but is now expected to fall in 2009. The rates of change for capacity in the primary and

semifinished stages were revised down for 2008 and 2009; revisions to earlier years were slight. Relative to

previous estimates, increases to the index for finished goods processors were revised up in 2007 and 2008, but

capacity is expected to fall more in 2009 than stated previously.

Capacity Utilization

From 2005 through 2007, the capacity utilization rate for total industry stood a little below its long-run

(1972 to 2008) average of 80.9 percent but in 2008 fell to a level more than 61/2 percentage points below its

long-run average (table 6). The utilization rate for total industry was revised down noticeably in 2007 and 2008;

revisions to earlier years were slight. Similarly, manufacturing capacity utilization, on balance, spent 2005

through 2007 at a little below its long-run average of 79.6 percent and tumbled to 71.1 percent in the fourth

quarter of 2008, 81/2 percentage points below its long-run average.

Relative to earlier reports, the factory operating rate was revised down in 2007 and 2008. Within durable

goods, utilization rates for most industries were near their long-run averages from 2005 through 2007 and then

dropped well below average in 2008; an exception was motor vehicles and parts, in which the utilization rate was

significantly below average in 2006 and 2007 and then fell even further in 2008. In the fourth quarter of 2008,

three durable goods industries (nonmetallic mineral products, primary metals, and furniture and related products)

had utilization rates between 10 and 20 percentage points below their long-run averages, and two durable goods

4
industries (wood products, and motor vehicles and parts) had utilization rates more than 20 percentage points

below their long-run averages. Among durable goods industries, some of the larger downward revisions to

utilization over the 2005–08 period were for wood products, nonmetallic mineral products, and motor vehicles

and parts. The durable goods industries that reported the largest net upward revisions since 2005 were

machinery; electrical equipment, appliances, and components; aerospace and miscellaneous transportation

equipment; and furniture and related products.

As with the durable goods industries, utilization rates for most nondurable goods industries were near

their long-run averages from 2005 through 2007 but turned down sharply in 2008. In the fourth quarter of 2008,

four nondurable goods industries (textile and product mills, paper, printing and support activities, and plastics

and rubber products) had utilization rates between 10 and 20 percentage points below their long-run averages.

Among nondurable goods industries, the following industries had the largest downward revisions to their

utilization rates over the 2005–08 period: food, beverage, and tobacco products; petroleum and coal products;

and plastics and rubber products. Textile and product mills, apparel and leather, and printing and support

activities had the largest upward revisions to their utilization rates over the 2005–08 period. Capacity utilization

in the other (non-NAICS) manufacturing category was revised downward for 2005 and upward for 2006 through

2008.

The operating rates for the selected high-technology industries were slightly above their long-run

averages in the fourth quarters of 2006 and 2007 but fell more than 7 percentage points below their long-run

averages in 2008. Relative to earlier estimates, capacity utilization is now reported to have been higher in 2005,

2006, and 2008 but lower in 2007. The operating rates for computers and peripheral equipment are now shown

to have been higher than previously reported in each of the past few years, particularly 2008. Utilization rates for

communications equipment are now higher than previously reported in 2005 and 2006 but lower in 2007 and

2008. Capacity utilization in the semiconductors and related electronic components industry was above or near

its long-run average from 2005 through 2007, but, in the fourth quarter of 2008, although it was revised up, it

still stood at more than 14 percentage points below its long-run average.

Capacity utilization in mining was generally above its long-run average from 2005 through 2008, and in

the fourth quarter of 2008 stood at 89.5 percent, almost 2 percentage points higher than its long-run average.

Relative to earlier estimates, the utilization rate for mining was a little lower in 2006 and 2008 but was little

changed in 2005 and 2007. At electric and gas utilities, capacity utilization rates were revised down for 2005

through 2008, and capacity utilization in the fourth quarter of 2008 is now estimated to have been nearly

4 percentage points below its long-run average.

TECHNICAL ASPECTS OF THE REVISION

Comprehensive data for 2007 for manufacturing were not available for this revision. After incorporating

the limited information that was available, the benchmark indexes for manufacturing—defined for each six-digit

NAICS industry as nominal gross output divided by a price index—were little changed before 2007. The

principal changes resulted from small revisions to price indexes from the Bureau of Economic Analysis and from

improved estimates of price indexes for communications equipment output constructed by the Federal Reserve

(discussed below). In addition, the benchmark indexes for logging and publishing (included in the IP index for

manufacturing but no longer included in manufacturing under NAICS) were advanced through 2007 and updated

for 2006 based on data from the U.S. Forest Service and the Census Bureau.

The IP indexes in recent years did incorporate information from selected Current Industrial Reports for

2007, the revised input-output accounts for 2002 from the BEA, the Quarterly Survey of Plant Capacity for 2007

and 2008, and other annual industry reports. The indexes also incorporated revised monthly and quarterly source

data on production, shipments, inventories, and production-worker hours.

5
As mentioned earlier, the benchmark indexes for most industries incorporate updated price indexes from

the industry output program of the BEA. However, the price indexes for pharmaceuticals (NAICS 325412), for

semiconductors (NAICS 334413), and for most components of communications equipment (NAICS 3342) are

constructed by the Federal Reserve from alternative sources.

5

Changes to the Methodology for Adjusting for Temporary Help Supply Employees.

The compilation of the initial IP estimate for a given month relies heavily on the hours worked by

production workers in the manufacturing sector when the availability of the other IP source data is limited. The

hours data are adjusted to account for the labor input of temporary help supply (THS) employees who work in

the manufacturing sector. The procedure for implementing this adjustment is as follows. An estimate is made of

the component of THS employment that is allocated to manufacturing. This estimate begins with a baseline

figure projected from the Current Population Survey but varies based on the cyclical movements of the

manufacturing sector and the rest of the economy—THS employment has a cyclical pattern similar to that of

manufacturing.6 The THS employment in manufacturing is then allocated among the NAICS three-digit

industries based on each industry’s use of THS workers and cyclical patterns. With this revision, the allocation of

THS employment among industries within manufacturing was updated based on data from the annual Survey of

Plant Capacity for 2002 through 2005.7

In addition, this revision updates the method for estimating each industry’s monthly baseline share of

temporary help employment use in manufacturing. Previously, this share was held constant for each industry at

the level estimated according to the method above. With this revision, the share is allowed to evolve based on the

industry’s share of total manufacturing employment.

An adjusted production-worker hour series for each three-digit manufacturing industry is computed by

adding THS hours for an industry (THS employment multiplied by assumptions on hours per week and relative

productivity) to the reported production-worker hours for the industry. The percentage adjustment for each

three-digit industry’s hours is then applied to the hours series for each of its component industries. These

adjusted detailed hours series are used in making (1) estimates for those IP series based on labor input for the

period for which benchmark output indexes are not yet available and (2) preliminary estimates of those IP series

based on physical product data for which the current source data are not yet available.

Changes to Individual Production and Capacity Series

With this revision, the monthly production indicators for some series have changed.

Carpet and Rug Mills

The index for carpet and rug mills (NAICS 31411) is based on quarterly data on unit shipments from the

Carpet and Rug Institute. Formerly, it was based on monthly data from the same source. A cubic spline is used to

interpolate monthly values from the quarterly figures, a method similar to that used for the other series for which

only quarterly physical product data are available.8

High-Technology Goods

Computers

5A table that lists annual and quarterly price indexes for the networking equipment component of communications equipment follows.

6See Marcello Estevao and Saul Lach (1999), Measuring Temporary Labor Outsourcing in U.S. Manufacturing, Finance and Economics Discussion Series 1999–57

(Washington: Board of Governors of the Federal Reserve System, October).

7For several years, the Annual Survey of Plant Capacity collected information about the share of production workers that consisted of temporary workers; this

information is not collected in the Quarterly Survey of Plant Capacity.

8See Richard D. Raddock (1993), Industrial Production, Capacity, and Capacity Utilization since 1987, Federal Reserve Bulletin, vol. 79 (June).

6
The six product-based indexes for electronic computer manufacturing (NAICS 334111) are derived from

quarterly data on domestic absorption from International Data Corporation, an industry research group.

Previously, to construct the monthly indicator, the nominal absorption data were aggregated to the industry level

and converted to domestic industry shipments based on the Census Bureau’s trade data (by adding exports and

subtracting imports). The industry-level ratio of shipments to domestic absorption was applied to each of the six

product-level absorption estimates to obtain product-level shipments. With this revision, domestic absorption is

now adjusted to reflect domestic production using the Census Bureau’s quarterly Current Industrial Report for

computers and peripheral equipment when available, and it is projected forward using a model-based trend.

Communications equipment

Price indexes for two product classes in the communications equipment industry were revised to

incorporate additional product detail. The price index for enterprise and home voice equipment (NAICS 33421,

part), which covers the production of telephones, was updated. This price index was previously calculated using

average selling prices for two types of phones (corded and cordless) but is now a matched-model index

constructed using detailed data, beginning in 1997, from the Consumer Electronics Association on transmission

frequency, number of lines, and presence of other features such as caller identification, speakerphone, and

integrated answering machine. The price index for wireless system equipment (NAICS 33422, part), which

covers mobile phone infrastructure, was improved by folding in additional detail on base-station radio

transmission capacity using data from the Dell’Oro Group, a market research firm. The resulting mobile

infrastructure price index falls 4 percentage points faster per year, on average, from 2000 to 2008.

Capacity

Electricity generation

The capacity index for electric power generation, transmission, and distribution (NAICS 2211) is now

based on generation capability data from the Department of Energy; previously it was based on electricity

generation capacity data from the North American Electric Reliability Council (NERC). The change was made

because the DOE data are compiled using a more consistent definition over time. However, because the DOE

data are published with a lag, the capacity projection for the most recent year or two is estimated by extending the

DOE generation capability series by the rate of change shown for the NERC electricity generation capacity data.

Nonferrous metals (except aluminum)

The capacity index for nonferrous metal (except aluminum) production and processing (NAICS 3314) is

now based on copper smelting, copper refining, and zinc smelting data from the U.S. Geological Survey.

Formerly the capacity index was based on the USGS data on just copper smelting and copper refining.

Natural gas extraction

The DOE no longer publishes physical capacity estimates for natural gas extraction (NAICS 211111,

part). Capacity estimates for recent years are based on output projections from the Short-Term Energy Outlook

(STEO) and Annual Energy Outlook (AEO) reports of the DOE.

Trend-through-peak estimates

The trend-through-peak method of estimating capacity is used for those industries in mining and utilities

for which there are no physical capacity sources—seven individual series accounting for about 5 percent of

capacity. With this revision, the trend-through-peak method used to estimate capacity indexes for oil extraction

(NAICS 211111, part), natural gas liquid extraction (NAICS 211112), and natural gas sales and transmission

7
(NAICS 2212) is based on production indexes that are extended using output projections from the STEO and

AEO reports from the DOE.

The basic method in estimating trend-through-peak capacities for these industries is to construct baseline

estimates of capacity by connecting peaks in production, with these peaks representing 100 percent utilization.

In practice, the procedure involves a fair degree of judgment and deviates from a strict trend-through-peak

approach in a variety of ways. Most importantly, if a peak in production was reached several years ago and

production has not subsequently approached that previous maximum, published capacity levels generally will,

after a time, trend downward. That is, they will tend to follow recent IP. Second, historically, the capacity levels

corresponding to peaks in production for different series have yielded a variety of peak utilization rates.

Weights for Aggregation

The IP index is a Fisher index. The weights for manufacturing industries are derived from value-added

measures from the Census of Manufactures and the Annual Survey of Manufactures. The Federal Reserve

derives estimates of value added for the electric and gas utility industries from annual revenue and expense data

issued by other organizations. The weights for aggregation, expressed as unit value added, were estimated with

the latest data on producer prices for the period after 2006. Table 10 shows the annual value-added proportions in

the IP index from 2001 through 2008.

The outputs of most industries are inputs to multiple markets. Although data are sometimes available that

directly split the output of an industry by its purchaser, most industry output measures do not provide that detail.

With the 2002 annual revision, weights that allocate individual IP indexes into multiple market groups were

derived from the 1997 input-output tables from the BEA.9 With this revision, the weights for the period from

2002 forward were updated using estimates from the 2002 input-output tables. The weights for the period up

through 1997 are still computed from the 1997 tables, and the weights between 1997 and 2002 are linear

combinations of the 1997 and 2002 weights.

Revised Monthly Data

This revision incorporates product data that became available or were revised after the regular six-month

reporting window for monthly IP was closed. These data were released with too great a lag to be included with

monthly IP estimates but were available for inclusion in the annual revision.

Revised Seasonal Factors

Seasonal factors for all series were reestimated using data that extend into 2008 or 2009. Factors for

production-worker hours—which adjust for timing, holiday, and monthly seasonal patterns—were updated with

data through February 2009. The updated factors for the physical product series, which include adjustments for

holiday and workday patterns, used data through 2008. Seasonal factors for unit motor vehicle assemblies have

been updated, and projections through September 2009 are on the Board’s website at

www.federalreserve.gov/releases/g17/mvsf.htm.

9See Carol Corrado (2003), Industrial Production and Capacity Utilization: The 2002 Historical and Annual Revision, Federal Reserve Bulletin, vol. 89 (April).

8
Data Availability and Publication Changes

Files containing the revised data and the text and tables from this release are available on

the Board’s website at www.federalreserve.gov/releases/g17, as are updated data for the annual

revision and for all of the regularly issued series on industrial production, capacity, and capacity

utilization. The revised data will also be available through the STAT-USA website of the Department of Commerce (www.stat-usa.gov). Further information on these revisions is available from

the Board’s Industrial Output Section (telephone 202-452-3197).

A document with printed tables of the revised estimates of series shown in the G.17 release

is available upon request to the Industrial Output Section, Mail Stop 82, Division of Research and

Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551.

An expanded version of this release will be published in a forthcoming article in the Federal

Reserve Bulletin.

9
U.S. Networking Equipment, 1998 to 2007

Production Index Price Index Value of Production

(millions of dollars)

Annual Estimates (indexes are 2002=100)

1998 50.6 234.4 17,220.1

1999 72.9 194.4 20,677.1

2000 101.1 174.1 25,691.3

2001 118.6 133.2 23,103.2

2002 100.0 100.0 14,602.6

2003 110.1 76.6 12,158.9

2004 129.3 59.9 11,322.5

2005 146.2 54.3 11,559.9

2006 242.8 51.4 18,137.0

2007 261.6 50.2 19,219.8

Quarterly Estimates (indexes are 2002=100)

1998Q1 42.3 261.9 16,107.6

1998Q2 50.7 244.6 18,052.1

1998Q3 54.0 219.0 17,217.1

1998Q4 56.5 213.9 17,589.7

1999Q1 67.7 205.0 20,192.3

1999Q2 73.1 195.9 20,847.5

1999Q3 72.5 195.4 20,604.9

1999Q4 79.4 182.6 21,094.6

2000Q1 92.1 182.8 24,498.6

2000Q2 102.0 172.1 25,530.4

2000Q3 103.1 175.2 26,263.9

2000Q4 108.1 167.8 26,376.7

2001Q1 122.4 147.2 26,217.5

2001Q2 117.7 137.6 23,562.3

2001Q3 118.4 126.9 21,869.4

2001Q4 115.9 122.5 20,666.9

2002Q1 105.1 111.3 17,022.9

2002Q2 95.0 107.9 14,915.6

2002Q3 103.1 92.3 13,836.7

2002Q4 96.7 89.5 12,598.8

2003Q1 92.3 89.2 11,979.4

2003Q2 108.3 81.8 12,886.8

2003Q3 122.7 72.3 12,902.8

2003Q4 116.5 63.6 10,782.7

2004Q1 152.2 61.9 13,699.1

2004Q2 130.8 60.5 11,504.0

2004Q3 121.1 59.6 10,498.2

2004Q4 115.9 57.8 9,737.4

2005Q1 123.9 55.1 9,933.6

2005Q2 135.1 54.3 10,681.3

2005Q3 147.2 54.2 11,608.0

2005Q4 178.2 53.5 13,856.8

2006Q1 190.3 53.2 14,717.0

2006Q2 223.3 51.5 16,719.5

2006Q3 263.2 50.6 19,386.7

2006Q4 292.6 50.2 21,387.0

2007Q1 298.2 50.2 21,775.0

2007Q2 295.5 50.8 21,848.9

2007Q3 265.1 50.3 19,396.7

2007Q4 195.9 49.4 14,091.4

10
1. Total industrial production, capacity, and utilization

 Note: The shaded areas are periods of business recession as defined by the National Bureau of Economic

 Research (NBER). The last shaded area begins with the peak as defined by the NBER and ends at the trough

 of a 3 month moving average of manufacturing IP.

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

 60

 65

 70

 75

 80

 90

100

110

120

130

140

150

 60

 65

 70

 75

 80

 90

100

110

120

130

140

150

Capacity

Production

Revised

Earlier

Ratio scale, 2002 output = 100

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

66

70

74

78

82

86

66

70

74

78

82

86

Utilization

Percent of capacity

11
2. Manufacturing industrial production, capacity, and utilization

 Notes: The shaded areas are periods of business recession as defined by the NBER. The last shaded

 area begins with the peak as defined by the NBER and ends at the trough of a 3 month moving average of manufacturing IP.

 Manufacturing consists of those industries 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.

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

 55

 60

 65

 70

 80

 90

100

110

120

130

140

150

 55

 60

 65

 70

 80

 90

100

110

120

130

140

150

Capacity

Production

Revised

Earlier

Ratio scale, 2002 output = 100

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

66

70

74

78

82

86

66

70

74

78

82

86

Utilization

Percent of capacity

12
 3. Industrial production and capacity utilization

 Notes: High-technology industries are defined as semiconductors and related electronic components

 (NAICS 334412-9), computers (NAICS 3341),and communications equipment (NAICS 3342).

 The shaded areas are periods of business recession as defined by the NBER. The last shaded

 area begins with the peak as defined by the NBER and ends at the trough of a 3 month moving average of manufacturing IP.

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

 60

 65

 70

 75

 80

 85

 90

 95

100

105

110

115

 60

 65

 70

 75

 80

 85

 90

 95

100

105

110

115

Excluding

high-technology

industries

Total IP

 Industrial production Ratio scale, 2002 output = 100 

1990 1995 2000 2005

 50

 60

 70

 80

 90

100

 50

 60

 70

 80

 90

100

High-technology

industries

Excluding

high-technology

industries

 Capacity utilization Percent of capacity 

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

-15

-10

 -5

 0

 5

 10

 15

-15

-10

 -5

 0

 5

 10

 15

Total IP

Excluding the

contribution

of high-technology

industries

 Industrial production Percent change from year earlier 

2000 2002 2004 2006 2008

 60

 80

100

150

200

250

300

350

 60

 80

100

150

200

250

300

350

Computers

Communications eq.

Semiconductors

 Industrial production Ratio scale, 2002 = 100 

13
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

4. Consumer goods

Ratio scale, 2002 output = 100

 60

 80

100

120

 60

 80

100

120

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Components of consumer goods Ratio scale, 2002 output = 100

 45

 65

 85

105

125

 45

 65

 85

105

125

Durable

Nondurable

 Note: The shaded areas represent periods of business recession as defined by the NBER. The last shaded

area begins with the peak as defined by the NBER and ends at the trough of a 3 month moving average of manufacturing IP.

Revised durable

Revised nondurable

Earlier

Detail: 2006 to present

96

98

100

102

104

106

108

110

2006 2007 2008 2009

Detail: 2006 to present

70

75

80

85

90

95

100

105

110

115

2006 2007 2008 2009

14
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

5. Equipment, total

Ratio scale, 2002 output = 100

 30

 50

 70

 90

110

140

 30

 50

 70

 90

110

140

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Components of equipment Ratio scale, 2002 output = 100

 20

 40

 60

 80

100

120

140

 20

 40

 60

 80

100

120

140

Business

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Components of equipment Ratio scale, 2002 output = 100

 80

100

120

140

160

 80

100

120

140

160

Defense and space

 Note: The shaded areas represent periods of business recession as defined by the NBER. The last shaded

area begins with the peak as defined by the NBER and ends at the trough of a 3 month moving average of manufacturing IP.

Detail: 2006 to present

 95

105

115

125

135

145

2006 2007 2008 2009

Detail: 2006 to present

 95

105

115

125

135

145

2006 2007 2008 2009

15
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

6. Nonindustrial supplies

Ratio scale, 2002 output = 100

 50

 70

 90

120

 50

 70

 90

120

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Components of nonindustrial supplies Ratio scale, 2002 output = 100

 50

 70

 90

120

 50

 70

 90

120

Construction

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Components of nonindustrial supplies Ratio scale, 2002 output = 100

 50

 70

 90

120

 50

 70

 90

120

Business

 Note: The shaded areas represent periods of business recession as defined by the NBER. The last shaded

area begins with the peak as defined by the NBER and ends at the trough of a 3 month moving average of manufacturing IP.

Detail: 2006 to present

 90

 95

100

105

110

115

2006 2007 2008 2009

Detail: 2006 to present

 80

 85

 90

 95

100

105

110

115

2006 2007 2008 2009

Detail: 2006 to present

 95

100

105

110

115

2006 2007 2008 2009

16
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

7. Industrial materials

Ratio scale, 2002 output = 100

 50

 70

 90

115

 50

 70

 90

115

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Components of industrial materials Ratio scale, 2002 output = 100

 50

 75

100

125

 50

 75

100

125

Energy

Non-energy

 Note: The shaded areas represent periods of business recession as defined by the NBER. The last shaded

area begins with the peak as defined by the NBER and ends at the trough of a 3 month moving average of manufacturing IP.

Detail: 2006 to present

95

100

105

110

115

2006 2007 2008 2009

Detail: 2006 to present

 90

 95

100

105

110

115

120

2006 2007 2008 2009

17
8. Capacity utilization by stage of process

 Note: The shaded areas are periods of business recession as defined by the NBER.

 The last shaded area begins with the peak as defined by the NBER and ends at the trough

 of a 3 month moving average of manufacturing IP.

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

 70

 75

 80

 85

 90

 95

100

 70

 75

 80

 85

 90

 95

100

Crude processing

Revised

Earlier

Capacity utilization Percent of capacity

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

65

70

75

80

85

90

95

65

70

75

80

85

90

95

Primary and 

semifinished processing

Capacity utilization Percent of capacity

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

60

65

70

75

80

85

90

60

65

70

75

80

85

90

Finished processing

Capacity utilization Percent of capacity

18
Table 1A

INDUSTRIAL PRODUCTION: Total

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual1

IP (percent

change)

1979 -.7 .6 .3 -1.1 .8 .0 -.2 -.7 .1 .6 -.1 .1 1.7 -.6 -1.4 1.5 3.0

1980 .4 .1 -.3 -2.0 -2.5 -1.2 -.7 .4 1.6 1.3 1.7 .6 1.7 -15.8 -6.3 16.4 -2.5

1981 -.6 -.5 .5 -.6 .7 .5 .7 .0 -.6 -.7 -1.1 -1.1 .9 1.0 4.3 -8.5 1.3

1982 -1.9 2.0 -.7 -.9 -.7 -.4 -.4 -.9 -.4 -.8 -.3 -.7 -7.7 -5.1 -6.0 -7.1 -5.2

1983 1.9 -.6 .8 1.2 .7 .5 1.5 1.1 1.5 .8 .3 .5 4.9 9.2 14.4 10.8 2.8

1984 2.0 .5 .5 .6 .5 .4 .3 .0 -.1 -.1 .4 .1 12.4 6.3 2.8 .4 8.9

1985 -.3 .5 .1 -.2 .1 .1 -.6 .4 .5 -.4 .3 1.0 1.0 .4 -.7 2.4 1.2

1986 .5 -.7 -.6 .1 .1 -.3 .6 -.1 .2 .5 .5 .9 2.3 -2.4 1.6 4.7 1.0

1987 -.3 1.3 .1 .6 .7 .5 .6 .7 .3 1.5 .5 .5 5.5 7.0 7.3 10.2 5.2

1988 .0 .4 .2 .5 -.1 .2 .2 .5 -.3 .5 .2 .4 3.6 3.6 2.1 2.9 5.2

1989 .2 -.4 .3 .0 -.7 .0 -.9 .9 -.3 -.1 .3 .6 1.6 -1.7 -2.4 1.8 .9

1990 -.5 .9 .5 -.1 .2 .3 -.1 .2 .2 -.7 -1.2 -.7 3.1 2.8 1.2 -6.1 1.0

1991 -.5 -.6 -.5 .2 1.0 1.0 .0 .1 .9 -.2 -.1 -.4 -7.4 2.6 5.5 .9 -1.6

1992 -.6 .8 .8 .7 .4 .0 .8 -.5 .2 .7 .4 .0 -.5 7.2 2.9 4.0 2.8

1993 .5 .3 .0 .3 -.4 .2 .4 .0 .4 .7 .4 .5 3.6 .9 2.1 6.0 3.3

1994 .4 .0 1.1 .5 .6 .7 .2 .5 .2 .9 .6 1.1 5.2 7.5 5.1 8.1 5.3

1995 .3 .0 .2 .0 .2 .3 -.4 1.4 .4 -.2 .3 .4 5.1 1.2 3.9 3.4 4.8

1996 -.7 1.7 -.2 .8 .6 .9 -.1 .6 .6 .0 .8 .6 2.9 8.1 5.4 5.6 4.4

1997 .1 1.2 .8 .0 .7 .5 .5 1.4 .9 .7 .9 .4 7.9 6.4 9.6 10.4 7.3

1998 .5 .0 .1 .4 .7 -.6 -.4 2.1 -.3 .7 -.1 .3 4.4 3.2 2.9 5.1 5.9

1999 .5 .4 .2 .2 .7 -.2 .6 .5 -.3 1.4 .6 .8 4.4 3.7 4.1 8.1 4.3

2000 .0 .4 .4 .6 .2 .1 -.2 -.2 .5 -.4 .0 -.4 4.8 4.9 -.3 -1.2 4.2

2001 -.7 -.6 -.3 -.3 -.7 -.6 -.4 -.4 -.3 -.6 -.5 .0 -5.7 -5.3 -5.7 -5.0 -3.4

2002 .5 .0 .8 .3 .5 .9 -.3 .1 .1 -.3 .4 -.5 2.5 5.9 2.1 -.4 -.1

2003 .7 .3 -.1 -.8 .0 .1 .4 -.1 .6 .1 .9 -.1 2.9 -3.0 2.6 4.1 1.3

2004 .3 .5 -.6 .5 .7 -.9 .7 .2 .0 .9 .2 .7 2.8 1.8 1.9 5.7 2.5

2005 .4 .6 -.1 .0 .3 .4 -.1 .2 -1.7 1.1 1.1 .6 5.7 1.7 -.7 4.0 3.3

2006 .0 .0 .2 .4 -.1 .4 .2 .2 -.3 -.1 -.2 .8 3.6 2.2 2.0 -.6 2.3

2007 -.5 .8 -.2 .4 .1 .0 .3 .1 .4 -.5 .6 .3 1.8 2.4 2.1 .8 1.5

2008 -.1 -.3 -.4 -.6 -.3 -.2 -.1 -1.1 -4.0 1.4 -1.3 -2.4 .2 -4.6 -9.0 -12.7 -2.2

2009 -2.0 -1.5

IP (2002=100)

1979 57.6 57.9 58.1 57.5 57.9 57.9 57.8 57.4 57.5 57.8 57.8 57.8 57.9 57.8 57.6 57.8 57.7

1980 58.0 58.1 57.9 56.8 55.3 54.6 54.3 54.5 55.3 56.1 57.0 57.3 58.0 55.6 54.7 56.8 56.3

1981 57.0 56.7 57.1 56.7 57.1 57.4 57.8 57.8 57.4 57.0 56.4 55.8 56.9 57.1 57.7 56.4 57.0

1982 54.7 55.8 55.4 54.9 54.5 54.3 54.1 53.6 53.4 53.0 52.8 52.4 55.3 54.6 53.7 52.7 54.1

1983 53.4 53.1 53.6 54.2 54.6 54.9 55.7 56.4 57.2 57.7 57.9 58.1 53.4 54.6 56.4 57.9 55.6

1984 59.3 59.6 59.9 60.3 60.6 60.8 60.9 61.0 60.9 60.8 61.1 61.1 59.6 60.5 60.9 61.0 60.5

1985 60.9 61.2 61.3 61.2 61.2 61.3 60.9 61.1 61.4 61.1 61.3 62.0 61.2 61.2 61.1 61.5 61.3

1986 62.3 61.8 61.4 61.5 61.6 61.4 61.7 61.6 61.8 62.0 62.3 62.9 61.8 61.5 61.7 62.4 61.9

1987 62.7 63.5 63.6 64.0 64.4 64.7 65.1 65.6 65.8 66.8 67.1 67.4 63.3 64.4 65.5 67.1 65.1

1988 67.5 67.7 67.9 68.3 68.2 68.4 68.5 68.8 68.6 69.0 69.1 69.4 67.7 68.3 68.6 69.1 68.4

1989 69.6 69.3 69.4 69.4 68.9 69.0 68.3 69.0 68.8 68.7 68.9 69.4 69.4 69.1 68.7 69.0 69.1

1990 69.0 69.6 70.0 69.9 70.0 70.2 70.1 70.2 70.4 69.9 69.0 68.6 69.5 70.0 70.2 69.2 69.7

1991 68.2 67.8 67.5 67.6 68.3 68.9 68.9 69.0 69.6 69.5 69.4 69.1 67.8 68.3 69.2 69.3 68.7

1992 68.7 69.2 69.8 70.3 70.6 70.6 71.2 70.8 71.0 71.5 71.8 71.8 69.3 70.5 71.0 71.7 70.6

1993 72.2 72.4 72.4 72.6 72.3 72.5 72.8 72.8 73.1 73.6 73.9 74.3 72.3 72.5 72.9 73.9 72.9

1994 74.6 74.6 75.4 75.8 76.2 76.7 76.9 77.3 77.4 78.1 78.6 79.4 74.9 76.2 77.2 78.7 76.8

1995 79.7 79.7 79.8 79.7 79.9 80.1 79.9 80.9 81.3 81.1 81.3 81.7 79.7 79.9 80.7 81.4 80.4

1996 81.1 82.4 82.3 83.0 83.5 84.2 84.2 84.7 85.1 85.2 85.9 86.4 82.0 83.6 84.7 85.8 84.0

1997 86.5 87.6 88.3 88.3 88.9 89.3 89.8 91.0 91.9 92.5 93.3 93.7 87.5 88.8 90.9 93.2 90.1

1998 94.1 94.2 94.2 94.6 95.3 94.8 94.4 96.3 96.1 96.7 96.6 97.0 94.2 94.9 95.6 96.8 95.4

1999 97.5 97.9 98.1 98.3 99.0 98.8 99.5 100.0 99.7 101.0 101.6 102.4 97.8 98.7 99.7 101.7 99.5

2000 102.4 102.9 103.3 103.9 104.1 104.3 104.0 103.8 104.3 103.9 103.9 103.5 102.9 104.1 104.0 103.7 103.7

2001 102.7 102.1 101.8 101.5 100.8 100.1 99.7 99.3 99.0 98.4 97.9 97.9 102.2 100.8 99.3 98.1 100.1

2002 98.4 98.4 99.2 99.5 100.0 100.9 100.6 100.6 100.7 100.4 100.9 100.4 98.7 100.1 100.6 100.6 100.0

2003 101.1 101.4 101.3 100.5 100.5 100.6 101.0 100.9 101.5 101.6 102.5 102.4 101.3 100.5 101.2 102.2 101.3

2004 102.7 103.3 102.7 103.1 103.9 103.0 103.7 103.9 103.9 104.8 105.1 105.8 102.9 103.3 103.8 105.3 103.8

2005 106.3 107.0 106.9 106.8 107.1 107.5 107.5 107.7 105.8 107.0 108.2 108.9 106.7 107.2 107.0 108.0 107.2

2006 108.9 108.9 109.1 109.5 109.4 109.9 110.1 110.3 110.0 109.8 109.6 110.5 109.0 109.6 110.1 110.0 109.7

2007 109.9 110.8 110.6 111.1 111.1 111.2 111.5 111.6 112.0 111.4 112.1 112.4 110.5 111.1 111.7 112.0 111.3

2008 112.3 112.0 111.6 111.0 110.7 110.4 110.4 109.2 104.8 106.3 104.9 102.4 112.0 110.7 108.1 104.5 108.8

2009 100.3 98.8

NOTE Estimates from October 2008 through February 2009 are subject to further revision in the upcoming monthly releases.

1. Annual averages of industrial production are calculated from not seasonally adjusted indexes.

19
Table 1B

CAPACITY AND UTILIZATION: Total

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual

Capacity

(percent of

2002 output)

1979 67.1 67.3 67.4 67.6 67.8 67.9 68.1 68.2 68.4 68.5 68.6 68.8 67.3 67.8 68.2 68.6 68.0

1980 68.9 69.1 69.2 69.3 69.5 69.6 69.8 69.9 70.1 70.2 70.4 70.5 69.1 69.5 69.9 70.4 69.7

1981 70.7 70.9 71.0 71.2 71.4 71.5 71.7 71.9 72.1 72.2 72.4 72.6 70.9 71.4 71.9 72.4 71.6

1982 72.7 72.9 73.0 73.2 73.3 73.4 73.5 73.6 73.7 73.8 73.9 73.9 72.9 73.3 73.6 73.9 73.4

1983 74.0 74.0 74.0 74.1 74.1 74.1 74.1 74.2 74.2 74.2 74.3 74.4 74.0 74.1 74.2 74.3 74.1

1984 74.5 74.5 74.7 74.8 74.9 75.1 75.2 75.4 75.6 75.7 75.9 76.1 74.6 74.9 75.4 75.9 75.2

1985 76.3 76.5 76.7 76.9 77.1 77.2 77.4 77.6 77.7 77.8 78.0 78.1 76.5 77.1 77.6 78.0 77.3

1986 78.2 78.3 78.4 78.5 78.5 78.6 78.7 78.8 78.9 79.0 79.1 79.2 78.3 78.5 78.8 79.1 78.7

1987 79.3 79.5 79.6 79.8 79.9 80.1 80.2 80.4 80.5 80.6 80.7 80.8 79.5 79.9 80.4 80.7 80.1

1988 80.9 81.0 81.1 81.1 81.2 81.2 81.2 81.3 81.4 81.4 81.5 81.6 81.0 81.2 81.3 81.5 81.2

1989 81.7 81.8 82.0 82.1 82.3 82.4 82.6 82.8 82.9 83.1 83.3 83.5 81.8 82.3 82.8 83.3 82.5

1990 83.7 83.8 84.0 84.2 84.3 84.5 84.6 84.8 84.9 85.1 85.2 85.3 83.8 84.3 84.8 85.2 84.5

1991 85.5 85.6 85.7 85.8 85.9 86.0 86.1 86.2 86.3 86.5 86.6 86.7 85.6 85.9 86.2 86.6 86.1

1992 86.8 87.0 87.1 87.3 87.5 87.7 87.9 88.0 88.2 88.4 88.5 88.7 87.0 87.5 88.0 88.5 87.8

1993 88.8 89.0 89.1 89.2 89.3 89.4 89.5 89.6 89.7 89.9 90.1 90.2 89.0 89.3 89.6 90.1 89.5

1994 90.4 90.6 90.9 91.1 91.4 91.7 92.0 92.3 92.6 92.9 93.2 93.5 90.6 91.4 92.3 93.2 91.9

1995 93.9 94.2 94.5 94.8 95.1 95.5 95.8 96.2 96.5 96.9 97.3 97.7 94.2 95.1 96.2 97.3 95.7

1996 98.1 98.6 99.0 99.5 99.9 100.4 100.9 101.4 101.8 102.3 102.8 103.3 98.6 99.9 101.4 102.8 100.7

1997 103.8 104.3 104.9 105.4 106.0 106.6 107.2 107.8 108.5 109.1 109.8 110.5 104.3 106.0 107.8 109.8 107.0

1998 111.2 112.0 112.7 113.4 114.1 114.7 115.4 116.0 116.6 117.1 117.7 118.2 112.0 114.1 116.0 117.7 114.9

1999 118.8 119.3 119.8 120.3 120.7 121.2 121.7 122.1 122.6 123.1 123.5 124.0 119.3 120.7 122.1 123.5 121.4

2000 124.5 124.9 125.4 125.8 126.2 126.7 127.1 127.5 127.9 128.3 128.7 129.2 124.9 126.2 127.5 128.7 126.9

2001 129.6 129.9 130.3 130.7 131.1 131.4 131.8 132.1 132.4 132.7 133.0 133.3 129.9 131.1 132.1 133.0 131.5

2002 133.5 133.7 133.9 134.0 134.1 134.2 134.2 134.2 134.2 134.2 134.1 134.1 133.7 134.1 134.2 134.1 134.0

2003 134.0 133.9 133.8 133.8 133.7 133.6 133.6 133.6 133.5 133.5 133.5 133.5 133.9 133.7 133.6 133.5 133.7

2004 133.5 133.5 133.4 133.4 133.4 133.4 133.3 133.3 133.3 133.3 133.3 133.3 133.5 133.4 133.3 133.3 133.4

2005 133.3 133.4 133.4 133.5 133.6 133.7 133.8 134.0 134.1 134.3 134.4 134.6 133.4 133.6 134.0 134.4 133.8

2006 134.7 134.9 135.0 135.2 135.4 135.5 135.7 135.9 136.1 136.3 136.5 136.7 134.9 135.4 135.9 136.5 135.7

2007 136.9 137.1 137.3 137.6 137.8 138.0 138.3 138.5 138.7 139.0 139.2 139.4 137.1 137.8 138.5 139.2 138.1

2008 139.6 139.8 139.9 140.1 140.2 140.4 140.5 140.6 140.7 140.7 140.7 140.7 139.8 140.2 140.6 140.7 140.3

2009 140.7 140.7

Utilization (percent)

1979 85.8 86.1 86.1 85.0 85.5 85.3 84.9 84.1 84.1 84.4 84.1 84.0 86.0 85.3 84.4 84.2 85.0

1980 84.2 84.1 83.7 81.9 79.7 78.5 77.8 77.9 79.0 79.8 81.0 81.3 84.0 80.0 78.2 80.7 80.7

1981 80.7 80.1 80.3 79.7 80.0 80.2 80.6 80.4 79.7 79.0 77.9 76.9 80.3 80.0 80.2 77.9 79.6

1982 75.2 76.5 75.8 75.0 74.4 73.9 73.6 72.8 72.5 71.8 71.5 70.9 75.9 74.4 72.9 71.4 73.7

1983 72.2 71.8 72.3 73.2 73.7 74.1 75.2 76.0 77.1 77.7 77.9 78.2 72.1 73.6 76.1 77.9 74.9

1984 79.7 80.0 80.2 80.6 80.8 81.0 81.0 80.9 80.6 80.3 80.4 80.3 80.0 80.8 80.8 80.3 80.5

1985 79.9 80.0 79.9 79.6 79.5 79.3 78.7 78.8 79.0 78.5 78.7 79.4 79.9 79.5 78.8 78.9 79.3

1986 79.6 79.0 78.4 78.3 78.4 78.1 78.4 78.2 78.3 78.6 78.8 79.4 79.0 78.3 78.3 78.9 78.6

1987 79.0 79.9 79.9 80.2 80.6 80.8 81.2 81.6 81.7 82.8 83.1 83.4 79.6 80.5 81.5 83.1 81.2

1988 83.4 83.6 83.8 84.2 84.1 84.2 84.3 84.7 84.3 84.7 84.8 85.0 83.6 84.2 84.4 84.8 84.3

1989 85.1 84.6 84.7 84.6 83.8 83.7 82.8 83.3 83.0 82.7 82.8 83.1 84.8 84.0 83.0 82.9 83.7

1990 82.5 83.1 83.3 83.0 83.0 83.1 82.8 82.9 82.9 82.2 81.0 80.3 83.0 83.1 82.9 81.2 82.5

1991 79.9 79.2 78.7 78.8 79.5 80.1 80.0 80.0 80.6 80.4 80.2 79.8 79.3 79.5 80.2 80.1 79.8

1992 79.1 79.6 80.1 80.5 80.6 80.5 81.0 80.4 80.5 80.9 81.1 80.9 79.6 80.6 80.6 81.0 80.4

1993 81.2 81.4 81.3 81.4 81.0 81.1 81.3 81.2 81.4 81.9 82.1 82.3 81.3 81.2 81.3 82.1 81.5

1994 82.5 82.3 83.0 83.2 83.4 83.7 83.6 83.7 83.6 84.1 84.3 84.9 82.6 83.4 83.6 84.4 83.5

1995 84.9 84.6 84.4 84.1 84.0 83.9 83.3 84.2 84.2 83.7 83.6 83.6 84.6 84.0 83.9 83.6 84.0

1996 82.6 83.6 83.1 83.4 83.5 83.9 83.4 83.5 83.6 83.2 83.5 83.7 83.1 83.6 83.5 83.5 83.4

1997 83.3 83.9 84.2 83.8 83.9 83.8 83.8 84.4 84.7 84.7 85.0 84.7 83.8 83.8 84.3 84.8 84.2

1998 84.6 84.1 83.6 83.5 83.6 82.6 81.8 83.1 82.4 82.6 82.1 82.0 84.1 83.2 82.4 82.2 83.0

1999 82.1 82.1 81.9 81.7 82.0 81.5 81.8 81.9 81.3 82.1 82.2 82.6 82.0 81.8 81.6 82.3 81.9

2000 82.3 82.4 82.4 82.6 82.5 82.3 81.8 81.4 81.5 80.9 80.7 80.1 82.4 82.5 81.6 80.6 81.7

2001 79.3 78.6 78.1 77.7 76.9 76.2 75.7 75.2 74.7 74.1 73.6 73.5 78.7 76.9 75.2 73.7 76.1

2002 73.7 73.6 74.1 74.2 74.5 75.2 74.9 75.0 75.0 74.9 75.2 74.9 73.8 74.7 75.0 75.0 74.6

2003 75.5 75.8 75.7 75.1 75.2 75.3 75.6 75.6 76.0 76.1 76.8 76.7 75.6 75.2 75.7 76.5 75.8

2004 77.0 77.4 76.9 77.3 77.9 77.2 77.7 77.9 77.9 78.7 78.8 79.4 77.1 77.5 77.9 79.0 77.9

2005 79.7 80.2 80.1 80.0 80.2 80.4 80.3 80.4 78.9 79.7 80.5 80.9 80.0 80.2 79.9 80.4 80.1

2006 80.9 80.8 80.8 81.0 80.8 81.1 81.1 81.2 80.8 80.6 80.3 80.9 80.8 81.0 81.1 80.6 80.9

2007 80.3 80.8 80.6 80.7 80.7 80.6 80.7 80.6 80.7 80.2 80.5 80.6 80.6 80.6 80.7 80.4 80.6

2008 80.5 80.2 79.8 79.2 78.9 78.7 78.6 77.6 74.5 75.5 74.6 72.7 80.1 78.9 76.9 74.3 77.6

2009 71.3 70.2

NOTE Estimates from October 2008 through February 2009 are subject to further revision in the upcoming monthly releases.

20
Table 2

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY: 2004–08 1

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2004 2005 2006 2007 2008 2004 2005 2006 2007 2008

Total IP 3.0 2.6 1.8 1.8 -6.6 -.1 .0 .1 -.3 -.5

MARKET GROUPS

Final products and nonindustrial supplies 2.5 4.4 1.1 .8 -5.8 -.1 .0 .0 -.5 -.4

Consumer goods 1.5 2.5 .1 .2 -4.3 -.1 .1 -.1 -1.0 -.3

Durable -.5 1.2 -3.2 1.1 -17.2 .2 -.2 .7 .2 .3

Automotive products -3.2 -1.5 -5.2 3.2 -22.5 -.4 .5 .2 -.4 -.1

Home electronics 7.4 7.8 8.8 15.3 1.3 4.9 -3.2 -2.7 1.2 3.1

Appliances, furniture, carpeting 1.6 1.5 -5.6 -5.1 -19.9 .0 -.1 .5 .9 .7

Miscellaneous goods 2.5 4.4 -.7 -1.0 -10.8 .6 -1.2 2.0 .5 -.2

Nondurable 2.3 2.9 1.2 -.1 -.4 -.3 .2 -.4 -1.3 -.3

Non-energy 1.9 3.4 1.6 -.9 -1.6 -.3 .3 -.5 -1.8 .0

Foods and tobacco 2.3 4.0 .0 1.1 -.9 .0 .1 -.3 -.4 .7

Clothing -13.9 -5.8 -4.8 -.5 -6.6 -4.1 -3.7 -5.1 1.4 .8

Chemical products 3.5 4.2 5.8 -4.2 -2.1 -.4 1.2 -1.9 -4.2 -1.4

Paper products .9 -.4 .1 -1.8 -3.9 -1.3 .5 2.6 -2.9 .0

Energy 4.0 1.7 -.1 1.9 2.8 .0 .0 .1 .0 -.6

Business equipment 5.3 9.2 7.4 2.3 -8.5 .1 -1.1 -.3 -.6 .0

Transit 6.2 15.0 9.2 -1.4 -29.3 -1.0 -.9 .1 2.0 -1.7

Information processing 7.0 12.1 10.8 6.6 2.1 .7 -2.6 -1.9 -2.3 2.2

Industrial and other 4.0 5.6 4.8 1.1 -7.5 .0 -.4 .4 -.6 -.8

Defense and space equipment 1.7 8.0 -1.9 5.7 -.4 -1.4 1.1 .7 .5 .7

Construction supplies 2.0 7.3 -3.3 -1.0 -11.4 .3 -.2 .2 .6 -.2

Business supplies 2.9 3.0 .4 1.3 -6.9 -.3 .3 .7 .2 -.8

Materials 3.7 .4 2.7 3.2 -7.6 .0 .1 .2 -.1 -.7

Non-energy 5.4 2.6 1.4 3.5 -11.6 .0 .1 .1 .0 -1.0

Durable 5.8 5.9 .4 4.7 -11.5 -.3 .5 -.7 -.7 -1.5

Consumer parts .0 .6 -5.7 -2.2 -19.6 .0 .1 .1 -.2 .2

Equipment parts 10.3 12.7 6.9 10.3 -5.7 -.8 1.4 -2.4 -2.1 -3.0

Other 5.0 3.0 -1.8 3.2 -12.9 .0 .1 .1 .1 -.9

Nondurable 4.8 -2.6 3.1 1.8 -11.6 .5 -.4 1.5 1.3 -.2

Textile -.8 .5 -11.5 -6.9 -13.7 .1 .0 .7 2.5 .8

Paper 3.8 -1.0 1.8 -1.4 -10.8 .0 .2 .2 -.1 .1

Chemical 9.6 -7.3 6.9 4.3 -15.4 1.0 -1.5 2.1 2.3 -.7

Energy -.5 -4.1 5.5 2.5 .1 .0 .0 .3 -.2 .1

INDUSTRY GROUPS

Manufacturing 3.6 3.8 1.2 1.9 -8.5 -.1 .1 .1 -.4 -.6

Manufacturing (NAICS) 31–33 3.7 4.0 1.3 2.0 -8.5 -.1 .0 -.1 -.4 -.6

Durable manufacturing 3.8 7.0 1.2 3.2 -10.9 -.2 .0 -.3 -.6 -.6

Wood products 321 1.4 11.8 -13.0 -7.5 -20.7 .0 .1 .3 -.7 -.5

Nonmetallic mineral products 327 4.4 5.5 -3.6 -1.2 -10.3 .0 .1 -.1 -2.0 .1

Primary metal 331 8.3 -.7 -4.2 4.3 -26.0 .2 .4 .0 .2 -2.0

Fabricated metal products 332 1.8 6.1 3.3 3.3 -6.9 .0 -.1 .1 -.1 .4

Machinery 333 5.2 8.3 2.8 -1.0 -10.8 .0 .0 .3 -.3 -1.3

Computer and electronic products 334 9.7 15.3 9.3 11.0 -1.8 -.5 .1 -2.9 -2.9 -2.2

Electrical equip., appliances,

and components 335 2.4 1.7 -.4 3.3 -2.9 .1 -.1 .1 -.4 1.8

Motor vehicles and parts 3361–3 -1.8 .1 -6.2 -1.9 -23.0 -.4 .5 -.3 .4 -.2

Aerospace and miscellaneous

transportation equipment 3364–9 2.9 10.9 5.6 11.1 -12.9 -.5 -.6 1.1 .1 -.4

Furniture and related products 337 3.4 1.6 -1.7 -2.6 -17.8 .0 .0 -.1 -.9 .6

Miscellaneous 339 1.8 6.4 3.5 2.9 -2.3 .1 -.2 .8 1.3 -.3

Nondurable manufacturing 3.5 .7 1.4 .8 -6.0 .0 .0 .1 -.2 -.6

Food, beverage, and tobacco products 311,2 1.3 4.2 .2 1.9 -1.2 .0 .1 -.2 -.3 .4

Textile and product mills 313,4 .5 -.3 -11.4 -7.3 -12.6 .0 -.1 .3 .8 .0

Apparel and leather 315,6 -8.9 -1.4 -.4 -.8 -8.2 .1 -.1 .4 1.3 -.7

Paper 322 2.9 -.5 .5 -2.1 -10.9 .0 .2 .2 .1 .1

Printing and support 323 2.5 .6 2.4 -1.5 -9.6 .1 .1 .4 -.2 -1.3

Petroleum and coal products 324 10.5 -3.7 2.3 .3 .5 .0 .0 .0 .7 .0

Chemical 325 6.6 -1.2 5.1 .7 -9.5 .1 .0 .1 -.7 -1.0

Plastics and rubber products 326 .9 2.5 -3.0 4.5 -11.9 .0 -.1 .7 .1 -1.3

Other manufacturing (non-NAICS) 1133,5111 1.4 -.3 -1.2 -1.8 -8.7 -.7 .2 3.3 -.5 .1

Mining 21 -.9 -4.9 8.7 .3 .7 .0 .0 .5 .1 .0

Utilities 2211,2 1.8 2.0 -.6 3.1 -.4 .0 .0 .1 .1 -.6

Electric 2211 2.4 3.5 -1.1 3.5 -1.5 .1 .1 .1 .2 -.4

Natural gas 2212 -1.2 -4.8 1.4 1.6 4.8 -.1 -.2 -.1 -.4 -1.3

NOTE. Estimates for the fourth quarter of 2008 are subject to further revision in the upcoming monthly releases.

1. Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year

specified in the column heading.

21
Table 3

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, SPECIAL AGGREGATES AND SELECTED DETAIL: 2004–08 1

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2004 2005 2006 2007 2008 2004 2005 2006 2007 2008

Total industry 3.0 2.6 1.8 1.8 -6.6 -.1 .0 .1 -.3 -.5

Energy 1.3 -1.8 3.9 2.1 1.0 .0 .0 .2 -.1 -.1

Consumer products 4.0 1.7 -.1 1.9 2.8 .0 .0 .1 .0 -.6

Commercial products 4.5 .4 1.2 1.9 .1 .0 .0 .0 -.1 .1

Oil and gas well drilling 213111 8.4 11.9 14.9 -.7 6.9 .0 .0 .1 .1 .0

Converted fuel 2.3 -2.6 2.6 5.7 -4.3 .0 .0 .0 .4 -.2

Primary energy -1.7 -4.7 6.8 1.2 1.8 .0 .0 .4 -.4 .3

Non-energy 3.4 4.0 1.2 1.7 -9.1 -.1 .0 .1 -.4 -.5

Selected high-technology industries 8.6 22.6 13.1 18.2 -5.6 -.7 .2 -4.2 -4.1 -5.2

Computers and peripheral equipment 3341 3.5 25.3 22.1 24.2 -12.1 1.8 -3.6 4.2 7.4 2.0

Communications equipment 3342 2.6 8.9 12.4 6.6 10.7 1.9 -4.8 -8.2 -14.0 2.0

Semiconductors and related

electronic components 334412–9 13.8 28.4 9.8 22.3 -12.4 -3.5 4.3 -5.7 -3.7 -12.1

Excluding selected high-technology

industries 3.0 2.7 .4 .7 -9.4 -.1 .1 .3 -.1 -.2

Motor vehicles and parts 3361–3 -1.8 .1 -6.2 -1.9 -23.0 -.4 .5 -.3 .4 -.2

Motor vehicles 3361 -3.4 -1.4 -7.6 -1.9 -30.3 -.7 .9 -.6 .8 -.7

Motor vehicle parts 3363 -1.0 -.6 -4.3 .3 -14.3 -.2 .0 .0 -.3 .3

Excluding motor vehicles and parts 3.5 3.0 .9 .9 -8.4 .0 .0 .4 -.1 -.2

Consumer goods 2.1 3.2 .8 -1.1 -4.0 -.2 .1 -.2 -1.4 .0

Business equipment 5.1 6.6 6.2 2.3 -8.9 -.1 -.7 .4 -.5 -.1

Construction supplies 1.9 7.4 -3.4 -1.0 -11.6 .2 -.2 .3 .9 -.1

Business supplies 1.9 2.7 -.6 .4 -9.7 -.3 .3 1.1 .5 -.8

Materials 5.3 .5 1.4 2.4 -11.0 .3 -.1 .7 .6 -.3

Measures excluding selected high-technology

industries

Total industry 2.7 1.6 1.2 1.1 -6.7 -.1 .0 .3 -.1 -.3

Manufacturing 2

3.2 2.5 .4 .9 -8.7 -.1 .1 .3 -.2 -.3

Durable 3.1 4.8 -.4 1.4 -11.6 -.1 .1 .1 -.2 .0

Measures excluding motor vehicles and parts

Total industry 3.4 2.8 2.3 2.0 -5.8 -.1 .0 .1 -.4 -.5

Manufacturing 2

4.1 4.0 1.8 2.1 -7.5 -.1 .0 .1 -.5 -.6

Durable 4.9 8.1 2.5 4.0 -9.1 -.1 .0 -.4 -.8 -.6

Measures excluding selected high-technology

industries and motor vehicles and parts

Total industry 3.1 1.7 1.7 1.2 -5.8 .0 .0 .3 -.2 -.3

Manufacturing 2

3.7 2.7 1.0 1.1 -7.7 .0 .0 .3 -.2 -.3

Measure of non-energy material inputs to

Finished processors 5.6 6.2 1.7 4.0 -10.5 -.4 .7 -1.1 -1.2 -1.6

Primary and semifinished processors 5.3 -.2 1.3 3.2 -12.3 .4 -.3 1.0 .9 -.6

STAGE-OF-PROCESS GROUPS

Crude 2.6 -6.5 7.6 1.2 -4.6 .0 .0 .3 -.5 -.3

Primary and semifinished 3.5 3.5 -.8 2.5 -7.9 -.2 .2 .2 -.1 -1.0

Finished 2.5 5.2 3.3 1.1 -5.7 .1 -.2 -.1 -.6 .1

NOTE. Estimates for the fourth quarter of 2008 are subject to further revision in the upcoming monthly releases.

1. Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year

specified in the column heading.

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.

22
Table 4

ANNUAL RATES OF CHANGE FOR INDUSTRIAL PRODUCTION: 2004–08 1

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2004 2005 2006 2007 2008 2004 2005 2006 2007 2008

Total IP 2.5 3.3 2.3 1.5 -2.2 .0 .0 .1 -.2 -.4

MARKET GROUPS

Consumer goods 1.2 2.7 .4 1.0 -2.7 -.1 -.1 .1 -.7 -.5

Durable 1.4 .5 -1.0 .4 -9.9 .3 .0 .3 .7 -.1

Nondurable 1.2 3.4 .9 1.1 -.5 -.2 -.1 .1 -1.1 -.5

Business equipment 5.3 7.0 9.4 2.7 -1.1 .1 -.3 -1.0 -.7 .2

Defense and space equipment -1.8 10.6 -2.1 3.7 2.5 -1.0 .0 1.2 .0 1.2

Construction supplies 2.3 4.5 2.3 -1.9 -6.3 .1 .0 .0 .6 -.1

Business supplies 2.1 3.3 1.2 1.3 -2.9 -.1 -.1 .6 .7 -.7

Materials 3.1 2.4 2.4 2.0 -1.8 .1 .1 .1 .1 -.4

Non-energy 4.5 4.0 2.7 2.1 -3.6 .2 .1 .2 .0 -.7

Energy -.4 -1.2 1.7 1.8 1.8 .0 .0 .0 .2 .2

INDUSTRY GROUPS

Manufacturing23.0 4.0 2.5 1.4 -3.1 .0 -.1 .1 -.3 -.5

Manufacturing (NAICS) 3.1 4.2 2.7 1.5 -3.0 .0 .0 -.1 -.3 -.6

Durable manufacturing 4.1 5.5 4.4 2.1 -3.2 .1 .0 -.2 -.6 -.6

Nondurable manufacturing 1.9 2.8 .8 1.0 -2.8 .0 .0 .0 .0 -.4

Other manufacturing (non-NAICS) .8 -.3 -1.0 -1.3 -5.7 .0 -1.0 3.3 .1 .2

Mining -.6 -1.3 3.3 .6 2.0 .0 .0 .2 .5 .2

Utilities 1.4 2.1 -.6 3.4 .1 .0 .0 .0 .1 -.1

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.

Table 5

RATES OF CHANGE IN CAPACITY, BY INDUSTRY GROUPS: 2005–09 1

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2005 2006 2007 2008 2009 2005 2006 2007 2008 2009

Total industry .8 1.5 2.0 1.1 -.9 .0 .2 .2 -.4 -.6

Manufacturing 21.3 1.4 2.2 1.3 -1.2 -.1 .1 .3 -.5 -.6

Manufacturing (NAICS) 1.4 1.4 2.3 1.3 -1.2 -.1 .1 .3 -.5 -.6

Durable manufacturing 2.4 2.0 3.7 2.0 -.6 -.2 -.4 .4 -1.0 -.2

Nondurable manufacturing .5 .8 1.0 .8 -1.7 .1 .5 .2 .1 -1.0

Other manufacturing (non-NAICS) -.2 1.1 .6 .9 -.9 .0 .0 .0 .7 .1

Mining -1.1 2.3 1.4 1.1 -.7 .0 1.0 -.4 .4 -1.5

Utilities 1.5 1.3 1.3 2.3 1.8 .8 .5 .0 .1 .1

Selected high-technology industries 11.9 5.7 22.9 6.3 8.4 -1.2 -4.7 1.5 -11.2 1.2

Manufacturing2ex. selected

high-technology industries .6 1.1 1.0 1.0 -1.6 .0 .3 .3 .2 -.7

STAGE-OF-PROCESS GROUPS

Crude -.9 1.5 1.4 1.2 -1.2 -.1 .6 .0 .7 -1.4

Primary and semifinished 1.0 1.3 2.0 .8 -1.0 .2 .1 -.1 -1.1 -.5

Finished 1.9 1.8 2.4 2.2 -.6 -.3 .1 .7 .4 -.5

1. Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year

specified in the column heading.

2. See footnote 2 to table 3.

23
Table 6

REVISED AND EARLIER CAPACITY UTILIZATION RATES, BY INDUSTRY GROUPS

Percent of capacity, seasonally adjusted

Difference between

Revised Rate revised and earlier rates

(percentage points)

1972-

Item 2008 2005 2006 2007 2008 2005 2006 2007 2008

Ave. Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4

Total industry 80.9 80.4 80.6 80.4 74.3 .0 -.1 -.5 -.6

Manufacturing179.6 79.2 79.0 78.7 71.1 .0 .0 -.6 -.6

Manufacturing (NAICS) 31–33 79.4 78.9 78.8 78.6 71.0 .0 -.1 -.6 -.7

Durable manufacturing 77.8 77.9 77.3 77.0 67.3 .0 .0 -.8 -.5

Wood products 321 79.2 89.2 75.2 68.6 54.8 -.7 -.7 -1.5 -1.6

Nonmetallic mineral products 327 77.7 78.1 72.6 70.5 63.1 -5.3 -6.3 -7.5 -5.9

Primary metal 331 80.5 83.3 80.4 84.1 62.0 -.6 -.4 .3 -.9

Fabricated metal products 332 77.5 77.6 79.5 80.5 74.2 -.4 -.4 -.8 -.6

Machinery 333 78.6 79.8 81.8 79.8 70.2 1.3 2.4 2.6 1.4

Computer and electronic products 334 78.3 75.3 78.4 75.4 69.9 .6 .4 -2.5 .0

Electrical equip., appliances,

and components 335 83.2 83.1 82.2 82.8 78.4 -.1 .2 -.6 .7

Motor vehicles and parts 3361–3 76.7 76.4 70.3 70.2 53.8 -1.9 -2.0 -2.1 -2.0

Aerospace and miscellaneous

transportation equipment 3364–9 73.2 73.2 77.3 84.2 71.8 3.2 4.5 3.9 2.7

Furniture and related products 337 78.4 79.8 79.0 77.6 65.1 .8 1.5 1.0 2.1

Miscellaneous 339 76.5 77.0 76.3 74.4 69.4 .2 -.2 -.4 -2.4

Nondurable manufacturing 81.5 80.1 80.6 80.5 75.0 .1 -.2 -.5 -1.0

Food, beverage, and tobacco products 311,2 81.5 80.3 79.4 79.7 77.4 -.5 -.9 -1.4 -1.6

Textile and product mills 313,4 81.6 78.5 73.1 71.3 65.6 -1.2 .6 2.5 3.5

Apparel and leather 315,6 79.5 75.2 76.8 77.7 72.2 5.7 4.9 4.7 2.4

Paper 322 87.6 84.4 84.2 82.6 74.4 .4 -.1 .0 .5

Printing and support 323 83.4 78.3 79.7 78.4 72.7 .6 1.1 1.9 3.5

Petroleum and coal products 324 86.1 88.4 88.8 87.1 85.7 1.1 -.1 -1.7 -3.7

Chemical 325 78.2 75.7 79.0 78.5 70.3 .2 -.1 -.5 -1.0

Plastics and rubber products 326 83.6 85.2 81.9 84.1 72.7 -.7 -.4 -.5 -1.5

Other manufacturing (non-NAICS) 1133,5111 84.2 84.1 82.2 80.2 72.6 -1.2 1.5 1.1 .6

Mining 21 87.6 85.4 90.8 89.8 89.5 -.1 -.5 -.1 -.4

Utilities 2211,2 86.8 85.3 83.7 85.2 83.0 -.4 -.7 -.7 -1.2

Selected high-technology industries 78.2 77.4 82.8 79.6 70.7 2.2 2.9 -.9 2.4

Computers and peripheral equipment 3341 78.1 74.3 79.5 81.6 74.0 .0 2.0 3.0 13.6

Communications equipment 3342 76.2 67.5 82.3 77.3 74.5 5.7 8.9 -3.6 -5.1

Semiconductors and related

electronic components 334412–9 80.6 84.6 84.9 80.0 66.4 .4 -.3 -1.3 1.1

Measures excluding selected high-technology

industries

Total industry 81.0 80.5 80.5 80.5 74.4 -.2 -.3 -.5 -.8

Manufacturing179.7 79.3 78.8 78.7 71.1 -.2 -.2 -.5 -.8

STAGE-OF-PROCESS GROUPS

Crude 86.6 83.1 88.7 88.3 83.9 -.2 -.4 -.8 -1.6

Primary and semifinished 82.0 82.6 80.7 80.7 73.5 -.7 -.7 -.6 -.6

Finished 77.7 76.6 77.6 77.2 71.1 .7 .6 -.4 -.6

NOTE. Estimates for the fourth quarter of 2008 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

24
Table 7A

INDUSTRIAL PRODUCTION: Manufacturing 1

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual2

IP (percent

change)

1979 -.9 .5 .4 -1.5 1.2 .2 .1 -1.3 .3 .4 -.2 .3 1.6 -.8 -.9 .1 3.1

1980 .4 .0 -.7 -2.1 -3.0 -1.5 -1.0 .7 1.6 1.8 1.9 .3 1.0 -18.6 -7.8 19.6 -3.5

1981 -.4 -.6 .4 .3 .6 -.5 .2 .2 -.5 -1.0 -1.1 -1.7 .7 2.6 .2 -9.8 1.1

1982 -2.3 2.7 -.8 -.7 -.2 -.3 -.1 -.9 -.3 -1.1 -.6 -.3 -9.0 -2.3 -4.1 -7.9 -5.4

1983 2.4 -.1 1.0 1.1 1.3 .7 1.5 .8 1.9 1.1 .3 .2 9.4 12.0 15.0 12.5 4.8

1984 1.8 1.1 .5 .5 .3 .5 .4 .1 -.1 .4 .3 .4 12.7 6.2 3.6 2.8 9.8

1985 -.4 -.3 .8 -.3 .1 .2 -.5 .5 .1 -.3 .6 .4 .0 .8 .0 2.2 1.6

1986 1.1 -.6 -.3 .4 .1 -.3 .5 .3 .2 .4 .5 .9 4.5 -.1 2.5 5.2 2.2

1987 -.3 1.4 .1 .5 .7 .4 .7 .5 .6 1.6 .6 .6 6.1 6.7 7.1 11.7 5.7

1988 -.2 .2 .3 .9 -.1 .1 .1 .1 .3 .5 .3 .4 2.6 4.5 1.4 4.5 5.4

1989 .8 -.9 -.1 .1 -.9 .2 -1.1 .9 -.2 -.2 .2 .1 1.8 -3.1 -2.9 .6 .8

1990 -.1 1.4 .5 -.3 .1 .2 -.2 .2 .0 -.8 -1.1 -.8 4.6 2.7 .6 -6.7 .8

1991 -.8 -.6 -.7 .3 .7 1.1 .2 .2 1.1 -.2 -.3 -.1 -8.8 2.1 7.1 1.6 -2.0

1992 -.6 .9 1.0 .5 .6 .3 .8 -.4 .1 .6 .4 -.2 .6 8.2 4.0 2.8 3.6

1993 1.1 .1 -.2 .6 -.1 -.1 .3 -.1 .6 .8 .4 .5 4.5 1.4 1.3 6.8 3.5

1994 .2 .1 1.3 .8 .7 .3 .4 .7 .3 1.0 .8 1.1 5.0 9.5 5.9 9.8 5.9

1995 .3 -.1 .2 -.1 .0 .4 -.6 1.2 .9 -.1 .1 .4 5.4 .6 3.2 4.2 5.2

1996 -.8 1.7 -.2 1.0 .7 1.1 .3 .6 .7 -.1 .8 .9 2.1 9.1 7.8 5.8 4.8

1997 .1 1.4 1.2 -.2 .9 .7 .4 1.7 .9 .6 1.1 .5 9.4 7.6 10.8 11.1 8.5

1998 .8 .0 -.1 .6 .6 -.7 -.5 2.5 -.3 .9 .2 .5 6.0 2.7 3.0 7.3 6.7

1999 .4 .7 -.1 .3 .9 -.4 .5 .8 -.3 1.6 .7 .7 5.0 4.2 3.8 9.8 5.0

2000 .1 .3 .7 .6 -.1 .2 .0 -.5 .5 -.4 -.3 -.7 5.3 4.7 -.5 -2.8 4.5

2001 -.6 -.6 -.3 -.2 -.8 -.7 -.3 -.7 -.3 -.7 -.2 .2 -6.6 -5.5 -6.3 -4.8 -4.1

2002 .4 .0 .7 .0 .7 1.1 -.4 .3 .1 -.5 .4 -.5 3.0 5.2 2.9 -.9 -.1

2003 .6 .1 .3 -1.0 .1 .5 .1 -.2 .8 .1 1.1 -.2 2.4 -2.0 2.3 4.6 1.3

2004 .1 .7 -.3 .5 .7 -.8 .8 .6 -.2 1.0 .0 .7 2.5 2.9 3.6 5.2 3.0

2005 .7 .8 -.4 .1 .5 .2 .0 .3 -1.0 1.6 .9 .1 6.2 1.9 .5 6.6 4.0

2006 .7 -.3 -.1 .5 -.3 .3 .1 .3 -.2 -.5 -.2 1.2 3.3 1.0 1.4 -.9 2.5

2007 -.6 .3 .4 .3 .0 .3 .6 -.4 .4 -.4 .4 .3 1.7 3.2 2.4 .1 1.4

2008 -.3 -.5 -.1 -.9 -.2 -.4 -.3 -.9 -3.7 .5 -2.2 -2.9 -1.2 -5.4 -9.3 -17.3 -3.1

2009 -2.8 -.7

IP (2002=100)

1979 53.6 53.9 54.1 53.3 53.9 54.0 54.0 53.3 53.5 53.7 53.5 53.7 53.8 53.7 53.6 53.6 53.7

1980 53.9 53.9 53.5 52.4 50.8 50.0 49.5 49.9 50.7 51.6 52.6 52.7 53.8 51.1 50.0 52.3 51.8

1981 52.6 52.3 52.5 52.6 52.9 52.7 52.8 52.9 52.6 52.1 51.5 50.7 52.4 52.8 52.8 51.4 52.4

1982 49.5 50.8 50.4 50.1 50.0 49.8 49.8 49.3 49.2 48.7 48.4 48.2 50.2 49.9 49.4 48.4 49.5

1983 49.4 49.3 49.8 50.4 51.0 51.4 52.1 52.6 53.5 54.2 54.3 54.5 49.5 50.9 52.7 54.3 51.9

1984 55.5 56.1 56.4 56.6 56.8 57.0 57.3 57.4 57.3 57.5 57.7 57.9 56.0 56.8 57.3 57.7 57.0

1985 57.7 57.5 58.0 57.8 57.8 57.9 57.6 57.9 58.0 57.8 58.2 58.4 57.7 57.8 57.8 58.2 57.9

1986 59.1 58.7 58.6 58.8 58.9 58.7 59.0 59.2 59.3 59.5 59.8 60.3 58.8 58.8 59.1 59.9 59.2

1987 60.2 61.1 61.1 61.4 61.9 62.1 62.5 62.8 63.2 64.2 64.6 65.0 60.8 61.8 62.9 64.6 62.5

1988 64.9 65.0 65.2 65.8 65.7 65.8 65.9 65.9 66.2 66.5 66.7 67.0 65.0 65.8 66.0 66.7 65.9

1989 67.5 66.8 66.8 66.8 66.3 66.4 65.7 66.3 66.1 66.0 66.1 66.2 67.0 66.5 66.0 66.1 66.4

1990 66.1 67.1 67.4 67.2 67.3 67.4 67.3 67.5 67.5 66.9 66.2 65.7 66.9 67.3 67.4 66.3 67.0

1991 65.1 64.8 64.3 64.5 65.0 65.7 65.9 66.0 66.7 66.6 66.4 66.4 64.7 65.1 66.2 66.5 65.6

1992 65.9 66.6 67.2 67.5 68.0 68.2 68.7 68.4 68.5 68.9 69.2 69.0 66.6 67.9 68.6 69.0 68.0

1993 69.8 69.9 69.8 70.1 70.0 69.9 70.2 70.1 70.5 71.1 71.4 71.8 69.8 70.0 70.3 71.4 70.4

1994 71.9 72.0 73.0 73.6 74.1 74.3 74.6 75.1 75.4 76.1 76.7 77.6 72.3 74.0 75.1 76.8 74.5

1995 77.8 77.8 77.9 77.8 77.9 78.2 77.7 78.7 79.4 79.3 79.3 79.7 77.8 78.0 78.6 79.4 78.5

1996 79.0 80.3 80.2 81.0 81.5 82.4 82.6 83.1 83.7 83.6 84.3 85.0 79.8 81.6 83.1 84.3 82.2

1997 85.1 86.3 87.3 87.1 87.9 88.5 88.8 90.4 91.2 91.7 92.7 93.2 86.3 87.8 90.1 92.5 89.2

1998 93.9 93.9 93.8 94.4 94.9 94.3 93.8 96.1 95.8 96.6 96.8 97.3 93.9 94.5 95.2 96.9 95.1

1999 97.7 98.4 98.3 98.6 99.5 99.2 99.6 100.4 100.1 101.7 102.4 103.1 98.1 99.1 100.0 102.4 99.9

2000 103.3 103.6 104.3 104.9 104.8 105.0 105.0 104.5 104.9 104.5 104.2 103.5 103.7 104.9 104.8 104.1 104.4

2001 102.8 102.2 101.9 101.6 100.8 100.1 99.8 99.1 98.8 98.1 97.9 98.1 102.3 100.9 99.2 98.0 100.1

2002 98.5 98.5 99.2 99.2 99.9 100.9 100.5 100.8 100.9 100.4 100.8 100.3 98.8 100.0 100.7 100.5 100.0

2003 100.9 101.1 101.3 100.4 100.5 101.0 101.1 100.8 101.6 101.7 102.8 102.5 101.1 100.6 101.2 102.3 101.3

2004 102.6 103.3 103.0 103.5 104.2 103.4 104.3 104.9 104.7 105.8 105.7 106.4 103.0 103.7 104.6 106.0 104.3

2005 107.2 108.0 107.6 107.7 108.2 108.4 108.3 108.7 107.6 109.3 110.2 110.3 107.6 108.1 108.2 110.0 108.5

2006 111.1 110.8 110.6 111.2 110.9 111.3 111.3 111.7 111.5 110.9 110.8 112.1 110.9 111.1 111.5 111.3 111.2

2007 111.4 111.7 112.2 112.5 112.5 112.9 113.5 113.0 113.4 112.9 113.3 113.7 111.7 112.6 113.3 113.3 112.7

2008 113.4 112.8 112.7 111.7 111.5 111.0 110.8 109.7 105.7 106.2 103.9 100.9 113.0 111.4 108.7 103.7 109.2

2009 98.0 97.4

NOTE Estimates from October 2008 through February 2009 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.

25
Table 7B

CAPACITY AND UTILIZATION: Manufacturing 1

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual

Capacity

(percent of

2002 output)

1979 63.0 63.2 63.4 63.5 63.7 63.9 64.0 64.2 64.4 64.5 64.7 64.8 63.2 63.7 64.2 64.7 63.9

1980 65.0 65.1 65.3 65.4 65.6 65.7 65.9 66.1 66.3 66.4 66.6 66.8 65.1 65.6 66.1 66.6 65.9

1981 67.0 67.2 67.4 67.6 67.8 67.9 68.1 68.3 68.5 68.6 68.8 68.9 67.2 67.8 68.3 68.8 68.0

1982 69.1 69.2 69.4 69.5 69.7 69.8 69.9 70.0 70.1 70.2 70.3 70.3 69.2 69.7 70.0 70.3 69.8

1983 70.4 70.4 70.5 70.5 70.5 70.6 70.6 70.6 70.6 70.7 70.8 70.8 70.4 70.5 70.6 70.8 70.6

1984 70.9 71.0 71.1 71.3 71.4 71.6 71.7 71.9 72.1 72.3 72.5 72.8 71.0 71.4 71.9 72.5 71.7

1985 73.0 73.2 73.4 73.6 73.8 74.0 74.2 74.4 74.5 74.7 74.8 74.9 73.2 73.8 74.4 74.8 74.0

1986 75.0 75.1 75.1 75.2 75.3 75.4 75.4 75.5 75.6 75.8 75.9 76.0 75.1 75.3 75.5 75.9 75.4

1987 76.2 76.4 76.6 76.8 76.9 77.1 77.3 77.5 77.7 77.8 77.9 78.1 76.4 76.9 77.5 77.9 77.2

1988 78.1 78.2 78.3 78.3 78.4 78.4 78.5 78.5 78.6 78.7 78.7 78.8 78.2 78.4 78.5 78.7 78.5

1989 79.0 79.1 79.2 79.4 79.6 79.7 79.9 80.1 80.3 80.5 80.7 80.9 79.1 79.6 80.1 80.7 79.9

1990 81.1 81.2 81.4 81.6 81.8 82.0 82.1 82.3 82.4 82.6 82.7 82.9 81.2 81.8 82.3 82.7 82.0

1991 83.0 83.2 83.3 83.4 83.5 83.7 83.8 83.9 84.0 84.1 84.2 84.4 83.2 83.5 83.9 84.2 83.7

1992 84.5 84.7 84.9 85.1 85.3 85.5 85.7 85.9 86.1 86.3 86.5 86.7 84.7 85.3 85.9 86.5 85.6

1993 86.8 87.0 87.1 87.2 87.4 87.5 87.6 87.7 87.8 88.0 88.2 88.3 87.0 87.4 87.7 88.2 87.6

1994 88.6 88.8 89.0 89.3 89.6 89.9 90.2 90.5 90.8 91.2 91.5 91.9 88.8 89.6 90.5 91.5 90.1

1995 92.2 92.6 92.9 93.3 93.6 94.0 94.4 94.8 95.2 95.6 96.1 96.6 92.6 93.6 94.8 96.1 94.3

1996 97.1 97.6 98.1 98.6 99.2 99.7 100.3 100.8 101.3 101.9 102.5 103.0 97.6 99.2 100.8 102.5 100.0

1997 103.6 104.2 104.8 105.4 106.1 106.8 107.4 108.2 108.9 109.7 110.5 111.3 104.2 106.1 108.2 110.5 107.2

1998 112.1 112.9 113.7 114.5 115.3 116.1 116.8 117.5 118.2 118.9 119.5 120.1 112.9 115.3 117.5 119.5 116.3

1999 120.7 121.3 121.9 122.5 123.0 123.6 124.1 124.7 125.2 125.8 126.3 126.9 121.3 123.0 124.7 126.3 123.8

2000 127.5 128.0 128.6 129.1 129.7 130.2 130.7 131.2 131.7 132.2 132.7 133.2 128.0 129.7 131.2 132.7 130.4

2001 133.7 134.1 134.6 135.0 135.4 135.7 136.0 136.3 136.6 136.8 137.0 137.2 134.1 135.3 136.3 137.0 135.7

2002 137.4 137.5 137.6 137.7 137.7 137.7 137.7 137.7 137.7 137.7 137.7 137.6 137.5 137.7 137.7 137.7 137.6

2003 137.6 137.6 137.5 137.5 137.5 137.4 137.4 137.3 137.3 137.3 137.2 137.2 137.6 137.5 137.3 137.2 137.4

2004 137.1 137.1 137.0 137.0 137.0 136.9 136.9 136.9 136.9 137.0 137.0 137.1 137.1 137.0 136.9 137.0 137.0

2005 137.2 137.3 137.5 137.6 137.8 137.9 138.1 138.3 138.5 138.7 138.8 139.0 137.3 137.8 138.3 138.8 138.1

2006 139.2 139.3 139.5 139.6 139.8 139.9 140.1 140.3 140.4 140.6 140.8 141.0 139.3 139.8 140.3 140.8 140.1

2007 141.3 141.5 141.8 142.0 142.3 142.6 142.9 143.2 143.4 143.7 144.0 144.2 141.5 142.3 143.1 144.0 142.7

2008 144.5 144.7 144.9 145.1 145.3 145.5 145.6 145.7 145.8 145.8 145.8 145.8 144.7 145.3 145.7 145.8 145.4

2009 145.7 145.7

Utilization

(percent)

1979 85.0 85.2 85.3 83.8 84.6 84.5 84.4 83.1 83.1 83.2 82.8 82.8 85.2 84.3 83.5 82.9 84.0

1980 83.0 82.8 82.0 80.1 77.5 76.1 75.1 75.5 76.5 77.7 78.9 78.9 82.6 77.9 75.7 78.5 78.7

1981 78.4 77.8 77.8 77.9 78.1 77.6 77.5 77.5 76.9 76.0 74.9 73.5 78.0 77.9 77.3 74.8 77.0

1982 71.6 73.4 72.7 72.0 71.7 71.4 71.2 70.5 70.1 69.3 68.8 68.6 72.6 71.7 70.6 68.9 70.9

1983 70.2 70.1 70.7 71.5 72.4 72.8 73.9 74.4 75.8 76.6 76.8 76.9 70.3 72.2 74.7 76.8 73.5

1984 78.2 79.0 79.2 79.5 79.5 79.7 79.9 79.8 79.4 79.5 79.5 79.6 78.8 79.6 79.7 79.6 79.4

1985 79.0 78.6 79.0 78.5 78.3 78.3 77.7 77.9 77.8 77.5 77.8 78.0 78.9 78.3 77.8 77.8 78.2

1986 78.8 78.3 78.0 78.2 78.2 77.9 78.2 78.3 78.4 78.6 78.8 79.4 78.3 78.1 78.3 78.9 78.4

1987 79.0 79.9 79.8 80.0 80.4 80.5 80.8 81.1 81.4 82.5 82.9 83.3 79.6 80.3 81.1 82.9 81.0

1988 83.0 83.1 83.3 84.0 83.8 83.9 84.0 84.0 84.2 84.6 84.7 84.9 83.2 83.9 84.0 84.7 84.0

1989 85.4 84.5 84.3 84.2 83.3 83.3 82.2 82.7 82.3 82.0 82.0 81.9 84.7 83.6 82.4 82.0 83.2

1990 81.6 82.6 82.8 82.4 82.3 82.3 82.0 82.0 81.8 81.0 80.0 79.2 82.3 82.3 81.9 80.1 81.7

1991 78.5 77.9 77.2 77.4 77.8 78.5 78.6 78.7 79.4 79.2 78.9 78.7 77.9 77.9 78.9 78.9 78.4

1992 78.0 78.6 79.2 79.4 79.7 79.8 80.2 79.7 79.6 79.9 80.0 79.7 78.6 79.6 79.8 79.8 79.5

1993 80.4 80.3 80.1 80.4 80.2 80.0 80.1 79.9 80.3 80.8 81.0 81.2 80.2 80.2 80.1 81.0 80.4

1994 81.2 81.1 82.0 82.4 82.7 82.7 82.7 83.0 83.0 83.5 83.8 84.5 81.4 82.6 82.9 83.9 82.7

1995 84.4 84.0 83.9 83.5 83.2 83.2 82.4 83.0 83.4 82.9 82.5 82.5 84.1 83.3 82.9 82.6 83.2

1996 81.4 82.3 81.7 82.1 82.2 82.6 82.4 82.5 82.6 82.1 82.3 82.5 81.8 82.3 82.5 82.3 82.2

1997 82.1 82.8 83.3 82.6 82.9 82.9 82.7 83.5 83.7 83.6 83.9 83.7 82.8 82.8 83.3 83.7 83.2

1998 83.8 83.2 82.5 82.4 82.3 81.2 80.3 81.8 81.0 81.3 81.0 81.0 83.2 82.0 81.0 81.1 81.8

1999 80.9 81.1 80.6 80.5 80.9 80.3 80.3 80.5 79.9 80.8 81.0 81.3 80.9 80.6 80.3 81.0 80.7

2000 81.0 80.9 81.1 81.3 80.8 80.7 80.3 79.6 79.6 79.0 78.5 77.7 81.0 80.9 79.9 78.4 80.1

2001 76.9 76.2 75.7 75.3 74.5 73.8 73.4 72.7 72.3 71.7 71.4 71.5 76.3 74.5 72.8 71.5 73.8

2002 71.7 71.7 72.1 72.1 72.5 73.3 73.0 73.2 73.3 72.9 73.2 72.9 71.8 72.6 73.1 73.0 72.7

2003 73.3 73.5 73.7 73.0 73.1 73.5 73.6 73.4 74.0 74.1 74.9 74.8 73.5 73.2 73.7 74.6 73.7

2004 74.8 75.4 75.2 75.6 76.1 75.5 76.2 76.6 76.5 77.2 77.2 77.6 75.1 75.7 76.4 77.3 76.2

2005 78.1 78.7 78.3 78.3 78.5 78.6 78.4 78.6 77.7 78.8 79.4 79.4 78.3 78.5 78.2 79.2 78.6

2006 79.8 79.5 79.3 79.6 79.3 79.5 79.5 79.6 79.4 78.9 78.7 79.5 79.6 79.5 79.5 79.0 79.4

2007 78.8 78.9 79.1 79.2 79.1 79.1 79.4 78.9 79.1 78.6 78.7 78.8 79.0 79.1 79.1 78.7 79.0

2008 78.5 78.0 77.8 77.0 76.7 76.3 76.1 75.3 72.5 72.8 71.3 69.2 78.1 76.7 74.6 71.1 75.1

2009 67.3 66.8

NOTE Estimates from October 2008 through February 2009 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

26
Table 8A

INDUSTRIAL PRODUCTION: Total Industry Excluding Selected High-Technology Industries1

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual2

IP (percent

change)

1979 -.8 .5 .2 -1.1 .7 -.1 -.3 -.9 .0 .5 -.2 .0 .6 -1.3 -2.7 .3 2.1

1980 .4 .0 -.4 -2.2 -2.6 -1.3 -.8 .3 1.7 1.2 1.7 .5 .6 -16.9 -7.0 16.2 -3.6

1981 -.7 -.6 .5 -.7 .6 .5 .7 -.1 -.7 -.8 -1.1 -1.2 .1 .1 3.7 -9.5 .6

1982 -2.0 1.8 -.8 -1.0 -.7 -.5 -.5 -.8 -.5 -.9 -.4 -.8 -8.5 -6.0 -6.7 -7.8 -6.0

1983 1.9 -.7 .7 1.1 .7 .4 1.4 1.3 1.3 .8 .2 .4 3.9 8.2 13.5 9.6 1.8

1984 2.0 .4 .4 .5 .4 .3 .2 -.1 -.2 -.2 .3 .1 11.5 5.1 1.6 -.2 7.9

1985 -.4 .6 .1 -.1 .1 .0 -.5 .3 .5 -.4 .3 1.1 .9 1.0 -.3 2.5 1.0

1986 .5 -.7 -.7 .1 .1 -.2 .3 -.2 .1 .4 .4 .8 2.4 -2.6 .5 4.1 .9

1987 -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 4.5 6.2 6.0 9.1 4.3

1988 .0 .4 .2 .5 -.1 .2 .1 .5 -.4 .5 .2 .4 3.1 2.8 1.5 2.6 4.4

1989 .3 -.4 .3 -.1 -.7 .0 -1.1 .9 -.3 -.2 .2 .6 1.9 -1.8 -3.3 1.0 .6

1990 -.7 .9 .5 -.2 .1 .2 -.2 .2 .2 -.8 -1.3 -.7 2.3 2.3 .9 -6.7 .3

1991 -.4 -.7 -.6 .2 1.0 1.0 .0 .0 .9 -.2 -.2 -.5 -8.0 2.2 5.4 .5 -2.0

1992 -.8 .7 .8 .6 .3 -.1 .8 -.6 .1 .6 .3 .0 -2.0 6.1 1.8 2.9 1.9

1993 .5 .3 -.1 .3 -.5 .2 .4 -.1 .3 .7 .3 .5 3.2 .2 1.5 5.1 2.5

1994 .4 .0 .9 .3 .4 .6 .0 .3 .0 .6 .4 .9 4.4 5.4 3.2 5.6 4.0

1995 .2 -.2 -.1 -.3 .0 .1 -.5 1.1 .1 -.5 .1 .2 3.0 -1.4 1.4 .4 2.4

1996 -1.0 1.4 -.3 .7 .5 .7 -.4 .4 .4 -.3 .8 .5 -.4 6.2 2.2 3.2 1.7

1997 -.1 .9 .5 -.4 .3 .2 .2 1.1 .7 .6 .7 .1 5.1 2.2 6.0 7.9 4.2

1998 .2 -.1 -.1 .2 .6 -.9 -.8 2.0 -.6 .5 -.3 .0 1.9 1.0 -.3 2.0 3.1

1999 .2 .1 -.1 -.1 .6 -.5 .3 .4 -.5 1.2 .3 .5 .8 .3 1.2 5.8 1.2

2000 -.4 .1 .1 .4 -.1 .0 -.5 -.4 .4 -.5 -.2 -.6 .4 1.7 -2.7 -2.7 1.1

2001 -.7 -.5 -.3 -.1 -.7 -.5 -.3 -.3 -.4 -.6 -.4 -.1 -6.3 -4.4 -4.6 -4.9 -4.0

2002 .7 -.1 .8 .2 .5 .8 -.4 .0 .1 -.3 .4 -.6 2.8 5.4 1.3 -1.0 -.1

2003 .7 .1 -.3 -1.0 -.1 .0 .2 -.1 .6 -.1 .8 -.1 1.5 -4.5 1.3 3.2 .2

2004 .2 .5 -.6 .5 .8 -.9 .7 .2 -.1 .9 .3 .7 2.0 1.9 1.5 5.4 1.8

2005 .4 .6 -.2 -.1 .2 .3 -.2 .0 -2.0 1.1 1.1 .6 5.0 .9 -2.1 2.8 2.6

2006 .0 -.1 .2 .3 -.2 .3 .2 .1 -.4 -.1 -.2 .9 3.1 1.5 1.2 -.9 1.5

2007 -.5 .8 -.3 .3 .0 -.1 .2 .0 .3 -.7 .5 .3 1.7 1.8 1.0 -.1 .9

2008 -.1 -.4 -.5 -.7 -.3 -.2 .0 -1.1 -4.1 1.6 -1.1 -2.3 -.6 -5.3 -9.0 -11.6 -2.8

2009 -2.0 -1.4

IP (2002=100)

1979 76.4 76.8 77.0 76.1 76.7 76.6 76.4 75.7 75.7 76.1 76.0 75.9 76.7 76.5 75.9 76.0 76.3

1980 76.2 76.2 75.9 74.3 72.3 71.4 70.8 71.0 72.2 73.1 74.4 74.8 76.1 72.7 71.4 74.1 73.6

1981 74.2 73.8 74.2 73.7 74.2 74.5 75.0 74.9 74.4 73.8 73.0 72.1 74.1 74.1 74.8 73.0 74.0

1982 70.7 72.0 71.4 70.7 70.2 69.9 69.5 69.0 68.6 68.0 67.7 67.2 71.3 70.3 69.0 67.6 69.6

1983 68.4 68.0 68.5 69.2 69.7 70.0 71.0 71.9 72.8 73.3 73.5 73.8 68.3 69.6 71.9 73.6 70.8

1984 75.3 75.6 75.9 76.3 76.6 76.8 76.9 76.9 76.7 76.6 76.9 76.9 75.6 76.5 76.8 76.8 76.4

1985 76.7 77.1 77.2 77.1 77.2 77.2 76.8 77.1 77.5 77.2 77.4 78.2 77.0 77.2 77.1 77.6 77.2

1986 78.6 78.0 77.5 77.5 77.6 77.5 77.7 77.5 77.7 78.0 78.3 79.0 78.1 77.5 77.6 78.4 77.9

1987 78.6 79.6 79.7 80.1 80.5 80.9 81.3 81.8 81.9 83.1 83.5 83.8 79.3 80.5 81.7 83.5 81.2

1988 83.8 84.2 84.3 84.7 84.6 84.7 84.8 85.2 84.9 85.3 85.5 85.8 84.1 84.7 85.0 85.5 84.8

1989 86.1 85.7 86.0 85.9 85.3 85.3 84.4 85.2 84.9 84.7 84.9 85.4 85.9 85.5 84.8 85.0 85.3

1990 84.9 85.6 86.0 85.9 86.0 86.2 86.0 86.2 86.3 85.7 84.6 83.9 85.5 86.0 86.2 84.7 85.6

1991 83.6 82.9 82.4 82.6 83.4 84.2 84.2 84.3 85.0 84.9 84.7 84.3 83.0 83.4 84.5 84.6 83.9

1992 83.6 84.2 84.8 85.3 85.6 85.5 86.1 85.6 85.7 86.3 86.5 86.5 84.2 85.4 85.8 86.4 85.5

1993 87.0 87.2 87.2 87.4 87.0 87.1 87.4 87.4 87.7 88.3 88.5 89.0 87.1 87.2 87.5 88.6 87.6

1994 89.3 89.3 90.1 90.3 90.7 91.2 91.2 91.5 91.6 92.1 92.5 93.4 89.5 90.7 91.4 92.7 91.1

1995 93.5 93.4 93.2 93.0 93.0 93.2 92.7 93.7 93.8 93.4 93.5 93.6 93.4 93.1 93.4 93.5 93.3

1996 92.6 93.9 93.6 94.3 94.7 95.4 95.0 95.3 95.7 95.4 96.2 96.6 93.4 94.8 95.3 96.1 94.9

1997 96.5 97.4 97.9 97.6 97.8 98.1 98.3 99.4 100.1 100.7 101.3 101.5 97.3 97.8 99.2 101.2 98.9

1998 101.7 101.6 101.5 101.8 102.4 101.5 100.7 102.7 102.1 102.5 102.2 102.2 101.6 101.9 101.8 102.3 101.9

1999 102.5 102.6 102.5 102.4 103.0 102.5 102.8 103.2 102.7 104.0 104.3 104.8 102.5 102.6 102.9 104.4 103.1

2000 104.4 104.4 104.5 105.0 104.9 104.9 104.3 103.9 104.3 103.8 103.6 103.0 104.5 104.9 104.2 103.5 104.3

2001 102.3 101.7 101.4 101.3 100.6 100.1 99.8 99.5 99.1 98.6 98.1 98.0 101.8 100.7 99.5 98.2 100.1

2002 98.7 98.6 99.4 99.7 100.1 100.9 100.6 100.5 100.6 100.3 100.6 100.0 98.9 100.2 100.5 100.3 100.0

2003 100.7 100.8 100.6 99.6 99.5 99.5 99.7 99.6 100.2 100.2 101.0 100.8 100.7 99.5 99.9 100.7 100.2

2004 101.0 101.5 100.9 101.4 102.2 101.2 101.9 102.1 102.0 102.9 103.2 103.9 101.2 101.6 102.0 103.4 102.0

2005 104.3 104.9 104.7 104.6 104.8 105.2 105.0 105.0 103.0 104.1 105.2 105.9 104.6 104.9 104.3 105.0 104.7

2006 105.8 105.8 105.9 106.3 106.1 106.4 106.6 106.7 106.3 106.2 105.9 106.8 105.8 106.2 106.6 106.3 106.2

2007 106.3 107.2 106.9 107.2 107.3 107.2 107.4 107.4 107.7 107.0 107.5 107.8 106.8 107.2 107.5 107.5 107.2

2008 107.7 107.3 106.8 106.1 105.8 105.6 105.6 104.4 100.2 101.8 100.7 98.3 107.3 105.8 103.4 100.3 104.2

2009 96.3 95.0

NOTE Estimates from October 2008 through February 2009 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.

27
Table 8B

CAPACITY AND UTILIZATION: Total Industry Excluding Selected High-Technology Industries1

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual

Capacity

(percent of

2002 output)

1979 88.9 89.1 89.2 89.4 89.5 89.7 89.8 90.0 90.1 90.3 90.4 90.5 89.0 89.5 90.0 90.4 89.7

1980 90.7 90.8 90.9 91.1 91.2 91.4 91.5 91.6 91.8 91.9 92.1 92.2 90.8 91.2 91.6 92.1 91.4

1981 92.4 92.5 92.7 92.8 93.0 93.2 93.3 93.5 93.6 93.8 93.9 94.1 92.5 93.0 93.5 93.9 93.2

1982 94.2 94.3 94.5 94.6 94.7 94.8 94.9 94.9 95.0 95.0 95.0 95.0 94.3 94.7 94.9 95.0 94.7

1983 95.0 95.0 95.0 94.9 94.9 94.9 94.8 94.8 94.8 94.8 94.8 94.8 95.0 94.9 94.8 94.8 94.9

1984 94.9 94.9 95.0 95.1 95.2 95.3 95.4 95.6 95.7 95.9 96.0 96.2 94.9 95.2 95.6 96.0 95.4

1985 96.3 96.5 96.7 96.9 97.0 97.2 97.4 97.5 97.7 97.8 97.9 98.1 96.5 97.0 97.5 97.9 97.2

1986 98.2 98.3 98.4 98.5 98.5 98.6 98.7 98.8 98.9 99.0 99.1 99.1 98.3 98.5 98.8 99.1 98.7

1987 99.2 99.3 99.4 99.5 99.6 99.7 99.8 99.9 100.0 100.1 100.1 100.2 99.3 99.6 99.9 100.1 99.8

1988 100.2 100.2 100.3 100.3 100.3 100.3 100.3 100.4 100.4 100.5 100.6 100.6 100.2 100.3 100.4 100.6 100.4

1989 100.7 100.9 101.0 101.1 101.3 101.4 101.6 101.8 101.9 102.1 102.3 102.4 100.9 101.3 101.8 102.3 101.5

1990 102.6 102.8 102.9 103.1 103.2 103.3 103.5 103.6 103.7 103.9 104.0 104.1 102.8 103.2 103.6 104.0 103.4

1991 104.3 104.4 104.5 104.7 104.8 104.9 105.0 105.2 105.3 105.4 105.5 105.6 104.4 104.8 105.2 105.5 105.0

1992 105.7 105.8 105.9 106.0 106.1 106.2 106.3 106.4 106.5 106.6 106.7 106.7 105.8 106.1 106.4 106.7 106.3

1993 106.8 106.9 107.0 107.1 107.2 107.3 107.4 107.5 107.6 107.7 107.8 107.9 106.9 107.2 107.5 107.8 107.3

1994 108.1 108.2 108.3 108.5 108.7 108.8 109.0 109.2 109.4 109.6 109.8 110.0 108.2 108.7 109.2 109.8 109.0

1995 110.2 110.3 110.5 110.7 110.9 111.1 111.3 111.5 111.7 111.9 112.0 112.2 110.3 110.9 111.5 112.0 111.2

1996 112.4 112.6 112.8 113.0 113.2 113.4 113.6 113.9 114.1 114.4 114.7 114.9 112.6 113.2 113.9 114.7 113.6

1997 115.2 115.6 115.9 116.3 116.6 117.0 117.4 117.9 118.3 118.7 119.2 119.6 115.6 116.6 117.9 119.2 117.3

1998 120.1 120.5 120.9 121.4 121.8 122.2 122.6 123.0 123.4 123.7 124.1 124.4 120.5 121.8 123.0 124.1 122.3

1999 124.7 125.0 125.3 125.6 125.8 126.1 126.4 126.6 126.8 127.0 127.2 127.4 125.0 125.8 126.6 127.2 126.2

2000 127.6 127.8 128.0 128.1 128.3 128.5 128.6 128.8 128.9 129.1 129.2 129.4 127.8 128.3 128.8 129.2 128.5

2001 129.5 129.7 129.8 130.0 130.1 130.3 130.5 130.6 130.8 130.9 131.1 131.2 129.7 130.1 130.6 131.0 130.4

2002 131.3 131.4 131.5 131.5 131.6 131.6 131.6 131.5 131.5 131.4 131.3 131.2 131.4 131.6 131.5 131.3 131.4

2003 131.1 130.9 130.8 130.7 130.6 130.5 130.4 130.4 130.3 130.3 130.3 130.3 130.9 130.6 130.4 130.3 130.6

2004 130.3 130.3 130.3 130.3 130.2 130.2 130.2 130.2 130.1 130.1 130.0 130.0 130.3 130.2 130.2 130.0 130.2

2005 130.0 130.0 129.9 129.9 130.0 130.0 130.0 130.1 130.2 130.3 130.4 130.5 130.0 130.0 130.1 130.4 130.1

2006 130.7 130.8 131.0 131.1 131.3 131.5 131.6 131.7 131.9 132.0 132.1 132.3 130.8 131.3 131.7 132.1 131.5

2007 132.4 132.5 132.6 132.7 132.8 132.9 133.0 133.1 133.2 133.4 133.5 133.6 132.5 132.8 133.1 133.5 133.0

2008 133.8 133.9 134.0 134.2 134.3 134.4 134.5 134.6 134.7 134.7 134.7 134.7 133.9 134.3 134.6 134.7 134.4

2009 134.7 134.6

Utilization

(percent)

1979 85.9 86.2 86.3 85.2 85.7 85.4 85.0 84.2 84.1 84.3 84.0 83.9 86.2 85.4 84.4 84.1 85.0

1980 84.0 83.9 83.5 81.6 79.3 78.1 77.4 77.5 78.7 79.5 80.8 81.1 83.8 79.7 77.9 80.5 80.5

1981 80.4 79.8 80.1 79.4 79.7 80.0 80.4 80.2 79.5 78.7 77.7 76.7 80.1 79.7 80.0 77.7 79.4

1982 75.0 76.3 75.6 74.8 74.1 73.7 73.3 72.7 72.3 71.6 71.3 70.7 75.6 74.2 72.7 71.2 73.4

1983 72.0 71.6 72.1 72.9 73.5 73.8 74.9 75.8 76.8 77.4 77.5 77.9 71.9 73.4 75.8 77.6 74.7

1984 79.4 79.6 79.9 80.2 80.5 80.6 80.6 80.5 80.2 79.9 80.1 80.0 79.6 80.4 80.4 80.0 80.1

1985 79.6 79.9 79.8 79.6 79.5 79.4 78.9 79.0 79.3 78.9 79.0 79.8 79.7 79.5 79.1 79.2 79.4

1986 80.1 79.4 78.8 78.7 78.8 78.5 78.7 78.5 78.5 78.8 79.1 79.6 79.4 78.7 78.6 79.2 79.0

1987 79.2 80.1 80.1 80.4 80.8 81.1 81.4 81.8 81.9 83.0 83.4 83.7 79.8 80.8 81.7 83.4 81.4

1988 83.6 84.0 84.1 84.5 84.3 84.5 84.5 84.9 84.5 84.9 85.0 85.3 83.9 84.4 84.7 85.1 84.5

1989 85.4 85.0 85.2 85.0 84.2 84.1 83.1 83.7 83.3 83.0 83.0 83.4 85.2 84.4 83.3 83.1 84.0

1990 82.7 83.3 83.6 83.3 83.3 83.4 83.1 83.2 83.2 82.5 81.3 80.6 83.2 83.3 83.2 81.4 82.8

1991 80.1 79.4 78.9 78.9 79.6 80.3 80.2 80.1 80.8 80.5 80.3 79.8 79.5 79.6 80.4 80.2 79.9

1992 79.0 79.6 80.1 80.5 80.6 80.5 81.0 80.5 80.5 80.9 81.1 81.1 79.6 80.5 80.7 81.0 80.4

1993 81.4 81.6 81.4 81.6 81.1 81.2 81.4 81.3 81.5 82.0 82.1 82.4 81.5 81.3 81.4 82.2 81.6

1994 82.6 82.5 83.1 83.2 83.4 83.8 83.7 83.8 83.7 84.1 84.3 84.9 82.8 83.5 83.7 84.4 83.6

1995 84.9 84.6 84.4 84.0 83.9 83.8 83.2 84.0 84.0 83.5 83.4 83.4 84.6 83.9 83.8 83.4 83.9

1996 82.4 83.4 83.0 83.4 83.7 84.1 83.6 83.7 83.8 83.4 83.9 84.1 82.9 83.7 83.7 83.8 83.5

1997 83.8 84.3 84.5 83.9 83.9 83.8 83.7 84.3 84.6 84.8 85.0 84.8 84.2 83.9 84.2 84.9 84.3

1998 84.7 84.3 84.0 83.8 84.1 83.0 82.1 83.5 82.7 82.9 82.4 82.2 84.3 83.7 82.8 82.5 83.3

1999 82.2 82.1 81.8 81.5 81.8 81.3 81.3 81.5 81.0 81.9 81.9 82.3 82.0 81.5 81.3 82.0 81.7

2000 81.8 81.7 81.7 81.9 81.7 81.6 81.1 80.7 80.9 80.4 80.2 79.6 81.7 81.8 80.9 80.1 81.1

2001 79.0 78.5 78.1 77.9 77.3 76.8 76.5 76.2 75.8 75.3 74.9 74.7 78.5 77.4 76.2 75.0 76.7

2002 75.2 75.1 75.6 75.8 76.1 76.7 76.4 76.4 76.5 76.3 76.7 76.2 75.3 76.2 76.5 76.4 76.1

2003 76.8 77.0 76.9 76.2 76.2 76.2 76.5 76.4 76.9 76.9 77.5 77.4 76.9 76.2 76.6 77.3 76.7

2004 77.6 77.9 77.4 77.9 78.5 77.7 78.3 78.4 78.4 79.1 79.4 79.9 77.6 78.0 78.4 79.5 78.4

2005 80.2 80.7 80.6 80.5 80.7 80.9 80.7 80.7 79.1 79.9 80.7 81.1 80.5 80.7 80.2 80.5 80.5

2006 81.0 80.8 80.9 81.0 80.8 81.0 81.0 81.0 80.6 80.4 80.2 80.8 80.9 80.9 80.9 80.5 80.8

2007 80.3 80.9 80.6 80.8 80.8 80.7 80.7 80.7 80.8 80.2 80.6 80.7 80.6 80.7 80.7 80.5 80.6

2008 80.5 80.2 79.7 79.1 78.8 78.6 78.5 77.6 74.4 75.5 74.7 73.0 80.1 78.8 76.8 74.4 77.5

2009 71.5 70.6

NOTE Estimates from October 2008 through February 2009 are subject to further revision in the upcoming monthly releases.

1. High technology industries include computers, communications equipment, and semiconductors and related electronic components.

28
Table 9A

INDUSTRIAL PRODUCTION: Manufacturing1 Excluding Selected High-Technology Industries2

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual3

IP (percent

change)

1979 -1.1 .4 .4 -1.6 1.2 .0 .0 -1.5 .2 .3 -.4 .2 .3 -1.8 -2.5 -1.4 1.9

1980 .3 -.1 -.9 -2.3 -3.2 -1.6 -1.1 .6 1.7 1.8 1.9 .2 -.4 -20.1 -8.7 19.4 -4.9

1981 -.5 -.7 .3 .2 .5 -.5 .2 .0 -.6 -1.1 -1.2 -1.8 -.4 1.5 -.8 -11.1 .1

1982 -2.4 2.5 -.8 -.8 -.3 -.3 -.3 -.8 -.4 -1.2 -.7 -.5 -10.2 -3.4 -5.0 -9.0 -6.6

1983 2.4 -.2 .8 1.0 1.2 .6 1.3 .9 1.5 1.1 .2 .2 8.4 10.7 13.8 11.0 3.7

1984 1.8 1.0 .3 .4 .1 .3 .3 .0 -.2 .4 .2 .4 11.6 4.6 2.1 2.0 8.5

1985 -.5 -.2 .8 -.2 .1 .1 -.4 .5 .2 -.3 .6 .4 -.3 1.7 .6 2.3 1.4

1986 1.2 -.6 -.4 .4 .1 -.2 .2 .2 .2 .3 .4 .8 4.8 -.3 1.1 4.4 2.2

1987 -.4 1.4 .1 .4 .6 .2 .6 .4 .5 1.5 .6 .5 4.9 5.7 5.5 10.5 4.6

1988 -.2 .2 .2 .8 -.2 .1 .0 .1 .3 .5 .3 .4 2.0 3.6 .6 4.2 4.4

1989 .8 -1.0 .0 .0 -.9 .2 -1.3 .9 -.3 -.3 .1 .0 2.2 -3.4 -4.0 -.5 .4

1990 -.2 1.4 .4 -.3 .1 .2 -.2 .2 -.1 -.9 -1.2 -.8 3.7 2.0 .1 -7.5 .0

1991 -.8 -.7 -.8 .4 .6 1.1 .3 .1 1.1 -.2 -.3 -.3 -9.6 1.5 7.1 1.2 -2.6

1992 -.9 .9 .9 .4 .5 .1 .8 -.5 -.1 .4 .3 -.2 -1.2 6.9 2.6 1.4 2.6

1993 1.1 .0 -.3 .5 -.2 -.2 .3 -.2 .5 .8 .3 .5 4.1 .5 .5 5.7 2.5

1994 .1 .1 1.2 .5 .5 .2 .3 .5 .1 .7 .5 .9 4.0 7.1 3.7 6.9 4.4

1995 .2 -.3 -.1 -.4 -.2 .2 -.8 .9 .6 -.4 -.1 .1 3.0 -2.5 .3 .8 2.5

1996 -1.2 1.4 -.5 1.0 .5 .8 .0 .3 .5 -.4 .7 .7 -1.9 7.0 4.2 3.0 1.5

1997 -.2 1.1 .9 -.7 .5 .4 .0 1.4 .6 .5 .9 .2 6.2 2.7 6.5 8.3 4.9

1998 .6 -.2 -.3 .3 .5 -1.1 -.9 2.4 -.7 .7 -.1 .2 3.1 .1 -.6 3.8 3.5

1999 .0 .4 -.4 .0 .8 -.7 .0 .7 -.5 1.5 .4 .4 .8 .2 .4 7.2 1.4

2000 -.4 -.1 .3 .4 -.5 .1 -.3 -.8 .4 -.5 -.6 -.9 .1 .9 -3.4 -4.7 .8

2001 -.6 -.5 -.3 -.1 -.7 -.5 -.1 -.7 -.3 -.7 -.2 .1 -7.4 -4.5 -5.0 -4.8 -4.9

2002 .6 -.1 .8 -.1 .6 1.0 -.5 .2 .1 -.5 .3 -.7 3.5 4.6 1.9 -1.7 .0

2003 .6 -.1 .1 -1.1 .0 .4 -.1 -.3 .8 -.1 1.0 -.3 .7 -3.8 .8 3.6 .0

2004 -.1 .7 -.3 .5 .8 -.9 .9 .6 -.3 1.0 .0 .6 1.5 3.1 3.3 4.9 2.2

2005 .6 .7 -.5 .0 .4 .1 -.2 .1 -1.3 1.5 .8 .0 5.5 .9 -1.2 5.1 3.2

2006 .7 -.4 -.2 .5 -.4 .2 .0 .2 -.3 -.5 -.2 1.2 2.6 .0 .3 -1.2 1.5

2007 -.7 .3 .4 .2 .0 .2 .4 -.5 .3 -.6 .3 .2 1.5 2.4 1.0 -1.2 .7

2008 -.3 -.7 -.2 -1.0 -.2 -.4 -.2 -.9 -3.8 .7 -1.9 -2.8 -2.3 -6.4 -9.3 -16.3 -4.0

2009 -2.9 -.5

IP (2002=100)

1979 75.2 75.5 75.8 74.6 75.5 75.5 75.4 74.3 74.4 74.6 74.3 74.4 75.5 75.2 74.7 74.4 75.0

1980 74.6 74.6 73.9 72.2 69.9 68.8 68.0 68.5 69.6 70.9 72.2 72.4 74.4 70.3 68.7 71.8 71.3

1981 72.0 71.5 71.8 71.9 72.3 71.9 72.0 72.0 71.6 70.8 69.9 68.6 71.8 72.0 71.9 69.8 71.3

1982 67.0 68.7 68.1 67.6 67.4 67.1 66.9 66.4 66.1 65.3 64.9 64.6 67.9 67.3 66.5 64.9 66.7

1983 66.1 66.0 66.6 67.3 68.1 68.5 69.4 70.0 71.1 71.9 72.1 72.2 66.3 68.0 70.2 72.0 69.1

1984 73.5 74.2 74.5 74.7 74.8 75.1 75.4 75.3 75.2 75.5 75.6 75.9 74.1 74.9 75.3 75.7 75.0

1985 75.5 75.4 76.0 75.8 75.9 76.0 75.7 76.1 76.3 76.1 76.5 76.8 75.6 75.9 76.0 76.5 76.0

1986 77.8 77.3 77.0 77.3 77.4 77.3 77.4 77.6 77.7 77.9 78.3 78.9 77.4 77.3 77.5 78.4 77.7

1987 78.6 79.7 79.7 80.0 80.5 80.7 81.2 81.5 81.9 83.1 83.6 84.0 79.3 80.4 81.5 83.6 81.2

1988 83.8 84.0 84.1 84.8 84.7 84.7 84.7 84.8 85.0 85.4 85.7 86.0 84.0 84.7 84.8 85.7 84.8

1989 86.7 85.9 85.9 85.9 85.1 85.3 84.2 84.9 84.7 84.4 84.5 84.5 86.2 85.4 84.6 84.5 85.2

1990 84.3 85.5 85.9 85.6 85.7 85.8 85.6 85.8 85.7 85.0 83.9 83.2 85.2 85.7 85.7 84.0 85.2

1991 82.6 82.0 81.3 81.6 82.1 83.0 83.3 83.4 84.3 84.2 83.9 83.7 82.0 82.3 83.7 83.9 83.0

1992 82.9 83.7 84.4 84.8 85.2 85.3 86.0 85.5 85.5 85.8 86.1 85.9 83.7 85.1 85.6 85.9 85.1

1993 86.8 86.9 86.7 87.1 86.9 86.7 87.0 86.8 87.3 87.9 88.2 88.6 86.8 86.9 87.0 88.3 87.2

1994 88.7 88.8 89.8 90.3 90.8 90.9 91.1 91.6 91.7 92.4 92.9 93.8 89.1 90.7 91.5 93.0 91.1

1995 93.9 93.7 93.6 93.2 93.0 93.2 92.5 93.3 93.8 93.4 93.3 93.4 93.7 93.1 93.2 93.4 93.4

1996 92.2 93.5 93.1 94.0 94.4 95.2 95.2 95.5 95.9 95.5 96.2 96.9 92.9 94.5 95.5 96.2 94.8

1997 96.7 97.7 98.6 97.9 98.3 98.7 98.8 100.1 100.8 101.3 102.1 102.3 97.7 98.3 99.9 101.9 99.4

1998 102.9 102.7 102.4 102.8 103.3 102.1 101.2 103.6 102.9 103.5 103.4 103.6 102.7 102.7 102.6 103.5 102.9

1999 103.6 104.0 103.6 103.5 104.3 103.6 103.6 104.3 103.8 105.3 105.7 106.1 103.7 103.8 103.9 105.7 104.3

2000 105.7 105.6 105.9 106.3 105.8 105.8 105.5 104.7 105.1 104.5 103.9 103.0 105.7 106.0 105.1 103.8 105.2

2001 102.3 101.8 101.4 101.3 100.6 100.1 99.9 99.3 99.0 98.2 98.1 98.2 101.8 100.7 99.4 98.2 100.0

2002 98.8 98.8 99.5 99.4 100.0 101.0 100.5 100.7 100.7 100.2 100.5 99.9 99.0 100.1 100.6 100.2 100.0

2003 100.4 100.3 100.4 99.3 99.3 99.7 99.6 99.2 100.0 99.9 100.9 100.6 100.4 99.4 99.6 100.5 100.0

2004 100.5 101.2 100.9 101.4 102.2 101.3 102.2 102.8 102.4 103.5 103.5 104.1 100.8 101.6 102.5 103.7 102.2

2005 104.7 105.5 105.0 105.0 105.4 105.6 105.4 105.5 104.2 105.8 106.6 106.6 105.1 105.3 105.0 106.3 105.4

2006 107.4 106.9 106.7 107.3 106.8 107.0 107.0 107.3 107.0 106.5 106.3 107.6 107.0 107.0 107.1 106.8 107.0

2007 106.9 107.1 107.5 107.8 107.7 107.9 108.4 107.8 108.1 107.5 107.8 108.0 107.2 107.8 108.1 107.7 107.7

2008 107.7 107.0 106.7 105.6 105.4 105.0 104.8 103.8 99.9 100.6 98.6 95.9 107.1 105.4 102.8 98.4 103.4

2009 93.1 92.7

NOTE Estimates from October 2008 through February 2009 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.

29
Table 9B

CAPACITY AND UTILIZATION: Manufacturing1 Excluding Selected High-Technology Industries2

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual

Capacity

(percent of

2002 output)

1979 88.3 88.5 88.7 88.8 89.0 89.2 89.3 89.5 89.7 89.8 90.0 90.1 88.5 89.0 89.5 90.0 89.2

1980 90.3 90.4 90.6 90.8 90.9 91.1 91.3 91.4 91.6 91.8 92.0 92.2 90.4 90.9 91.4 92.0 91.2

1981 92.4 92.5 92.7 92.9 93.1 93.2 93.4 93.5 93.7 93.8 93.9 94.0 92.5 93.1 93.5 93.9 93.3

1982 94.2 94.3 94.4 94.5 94.6 94.6 94.7 94.8 94.8 94.8 94.8 94.8 94.3 94.6 94.8 94.8 94.6

1983 94.8 94.8 94.8 94.7 94.7 94.6 94.6 94.5 94.5 94.5 94.5 94.5 94.8 94.7 94.5 94.5 94.6

1984 94.5 94.6 94.6 94.7 94.8 94.9 95.1 95.2 95.4 95.6 95.7 95.9 94.6 94.8 95.2 95.7 95.1

1985 96.1 96.3 96.5 96.7 96.9 97.1 97.3 97.4 97.6 97.7 97.8 97.9 96.3 96.9 97.4 97.8 97.1

1986 98.0 98.1 98.2 98.3 98.4 98.4 98.5 98.6 98.7 98.8 98.9 99.1 98.1 98.4 98.6 99.0 98.5

1987 99.2 99.4 99.5 99.7 99.8 99.9 100.1 100.2 100.3 100.4 100.4 100.5 99.4 99.8 100.2 100.4 99.9

1988 100.5 100.6 100.6 100.6 100.6 100.6 100.6 100.7 100.7 100.8 100.8 100.9 100.5 100.6 100.7 100.8 100.7

1989 101.0 101.2 101.3 101.5 101.6 101.8 102.0 102.2 102.4 102.5 102.7 102.9 101.2 101.6 102.2 102.7 101.9

1990 103.1 103.2 103.4 103.6 103.7 103.9 104.0 104.2 104.3 104.5 104.6 104.8 103.2 103.7 104.2 104.6 103.9

1991 104.9 105.1 105.2 105.4 105.5 105.7 105.8 105.9 106.1 106.2 106.3 106.4 105.1 105.5 105.9 106.3 105.7

1992 106.5 106.7 106.8 106.9 107.0 107.1 107.2 107.3 107.4 107.5 107.7 107.8 106.7 107.0 107.3 107.7 107.2

1993 107.9 108.0 108.1 108.2 108.3 108.4 108.5 108.6 108.7 108.8 108.9 109.0 108.0 108.3 108.6 108.9 108.4

1994 109.2 109.3 109.5 109.6 109.8 109.9 110.1 110.3 110.5 110.7 110.9 111.1 109.3 109.8 110.3 110.9 110.1

1995 111.3 111.5 111.7 111.9 112.1 112.3 112.6 112.8 113.0 113.2 113.4 113.7 111.5 112.1 112.8 113.4 112.5

1996 113.9 114.1 114.4 114.6 114.8 115.1 115.4 115.6 115.9 116.2 116.5 116.9 114.1 114.8 115.6 116.5 115.3

1997 117.2 117.6 118.0 118.4 118.8 119.3 119.7 120.2 120.7 121.2 121.7 122.3 117.6 118.8 120.2 121.7 119.6

1998 122.8 123.3 123.8 124.3 124.8 125.2 125.7 126.1 126.6 127.0 127.4 127.7 123.3 124.8 126.1 127.4 125.4

1999 128.1 128.5 128.8 129.1 129.5 129.8 130.1 130.4 130.6 130.9 131.2 131.4 128.5 129.5 130.4 131.2 129.9

2000 131.7 131.9 132.2 132.4 132.6 132.8 133.0 133.2 133.4 133.6 133.8 133.9 131.9 132.6 133.2 133.7 132.9

2001 134.1 134.2 134.3 134.5 134.6 134.7 134.8 134.8 134.9 134.9 135.0 135.0 134.2 134.6 134.8 135.0 134.6

2002 135.0 135.0 135.0 135.0 134.9 134.9 134.8 134.8 134.7 134.6 134.5 134.4 135.0 134.9 134.7 134.5 134.8

2003 134.3 134.2 134.1 134.0 133.9 133.8 133.7 133.7 133.6 133.5 133.5 133.4 134.2 133.9 133.7 133.5 133.8

2004 133.4 133.4 133.3 133.3 133.3 133.2 133.2 133.2 133.2 133.2 133.2 133.2 133.4 133.3 133.2 133.2 133.3

2005 133.2 133.3 133.3 133.4 133.4 133.5 133.6 133.7 133.8 133.9 134.1 134.2 133.3 133.4 133.7 134.1 133.6

2006 134.3 134.5 134.6 134.7 134.9 135.0 135.1 135.3 135.4 135.5 135.6 135.7 134.5 134.9 135.3 135.6 135.0

2007 135.8 135.9 136.0 136.1 136.2 136.3 136.4 136.5 136.7 136.8 137.0 137.1 135.9 136.2 136.5 137.0 136.4

2008 137.3 137.5 137.6 137.8 137.9 138.1 138.2 138.3 138.3 138.4 138.3 138.3 137.5 137.9 138.3 138.3 138.0

2009 138.2 138.1

Utilization

(percent)

1979 85.2 85.4 85.5 84.0 84.8 84.6 84.4 83.0 83.0 83.1 82.6 82.6 85.4 84.5 83.5 82.7 84.0

1980 82.7 82.4 81.6 79.6 76.9 75.5 74.6 74.9 76.0 77.2 78.5 78.5 82.2 77.3 75.1 78.1 78.2

1981 77.9 77.3 77.4 77.4 77.7 77.1 77.1 77.0 76.4 75.4 74.4 73.0 77.5 77.4 76.8 74.3 76.5

1982 71.1 72.9 72.2 71.5 71.2 70.9 70.7 70.1 69.7 68.9 68.4 68.1 72.1 71.2 70.2 68.5 70.5

1983 69.8 69.7 70.3 71.0 71.9 72.4 73.4 74.1 75.3 76.1 76.3 76.4 69.9 71.8 74.3 76.3 73.1

1984 77.8 78.5 78.7 78.9 78.9 79.1 79.3 79.1 78.8 79.0 79.0 79.1 78.3 79.0 79.1 79.0 78.9

1985 78.6 78.2 78.7 78.4 78.4 78.3 77.9 78.1 78.2 77.8 78.2 78.5 78.5 78.4 78.1 78.2 78.3

1986 79.3 78.8 78.4 78.7 78.7 78.5 78.5 78.6 78.7 78.9 79.1 79.6 78.9 78.6 78.6 79.2 78.8

1987 79.2 80.2 80.1 80.3 80.7 80.8 81.1 81.3 81.7 82.8 83.2 83.6 79.8 80.6 81.4 83.2 81.3

1988 83.4 83.5 83.7 84.3 84.2 84.2 84.2 84.2 84.4 84.8 85.0 85.2 83.5 84.2 84.3 85.0 84.3

1989 85.9 84.9 84.8 84.7 83.8 83.7 82.5 83.1 82.7 82.3 82.3 82.1 85.2 84.1 82.8 82.2 83.6

1990 81.8 82.9 83.0 82.6 82.6 82.6 82.3 82.3 82.2 81.3 80.2 79.4 82.6 82.6 82.2 80.3 81.9

1991 78.7 78.0 77.3 77.4 77.8 78.6 78.7 78.7 79.5 79.3 78.9 78.6 78.0 78.0 79.0 78.9 78.5

1992 77.8 78.4 79.1 79.3 79.6 79.7 80.2 79.7 79.5 79.8 80.0 79.7 78.5 79.5 79.8 79.8 79.4

1993 80.5 80.5 80.2 80.5 80.3 80.0 80.2 80.0 80.3 80.8 81.0 81.3 80.4 80.3 80.2 81.0 80.5

1994 81.3 81.2 82.1 82.4 82.7 82.7 82.8 83.1 83.0 83.5 83.8 84.4 81.5 82.6 83.0 83.9 82.7

1995 84.4 84.0 83.8 83.3 83.0 83.0 82.2 82.7 83.1 82.5 82.3 82.2 84.1 83.1 82.6 82.3 83.0

1996 81.0 81.9 81.4 82.0 82.2 82.7 82.5 82.6 82.7 82.2 82.6 82.9 81.4 82.3 82.6 82.6 82.2

1997 82.5 83.1 83.6 82.7 82.8 82.8 82.5 83.3 83.5 83.5 83.9 83.7 83.1 82.7 83.1 83.7 83.1

1998 83.8 83.3 82.7 82.7 82.8 81.5 80.5 82.1 81.3 81.5 81.2 81.1 83.3 82.3 81.3 81.3 82.1

1999 80.9 81.0 80.4 80.2 80.6 79.8 79.7 80.0 79.4 80.4 80.6 80.7 80.8 80.2 79.7 80.6 80.3

2000 80.3 80.0 80.2 80.3 79.8 79.7 79.3 78.6 78.8 78.3 77.7 76.9 80.2 79.9 78.9 77.6 79.1

2001 76.3 75.8 75.5 75.4 74.8 74.3 74.2 73.6 73.4 72.8 72.7 72.8 75.9 74.8 73.7 72.7 74.3

2002 73.2 73.1 73.7 73.7 74.1 74.9 74.5 74.7 74.8 74.5 74.8 74.3 73.3 74.2 74.7 74.5 74.2

2003 74.8 74.8 74.9 74.1 74.1 74.5 74.5 74.3 74.9 74.8 75.6 75.4 74.8 74.2 74.5 75.3 74.7

2004 75.3 75.9 75.7 76.1 76.7 76.0 76.7 77.1 76.9 77.7 77.7 78.2 75.6 76.3 76.9 77.8 76.7

2005 78.6 79.2 78.7 78.7 79.0 79.1 78.9 78.9 77.9 79.0 79.5 79.4 78.8 78.9 78.5 79.3 78.9

2006 79.9 79.5 79.3 79.6 79.2 79.3 79.2 79.3 79.0 78.6 78.4 79.3 79.6 79.4 79.2 78.8 79.2

2007 78.7 78.8 79.1 79.2 79.1 79.2 79.4 78.9 79.1 78.5 78.7 78.8 78.9 79.2 79.2 78.7 79.0

2008 78.4 77.8 77.5 76.6 76.4 76.1 75.8 75.1 72.2 72.7 71.3 69.3 77.9 76.4 74.4 71.1 74.9

2009 67.4 67.1

NOTE Estimates from October 2008 through February 2009 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.

30
Table 10

ANNUAL PROPORTIONS IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY

Item 2001 2002 2003 2004 2005 2006 2007 2008

Total IP 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

MARKET GROUPS

Final products and nonindustrial supplies 59.0 58.9 58.2 57.0 56.9 56.8 56.2 57.0

Consumer goods 30.0 31.0 31.0 30.2 29.8 29.3 29.2 29.5

Durable 8.1 8.9 8.7 8.0 7.4 7.1 6.8 6.3

Automotive products 4.0 4.7 4.6 4.0 3.6 3.3 3.2 2.9

Home electronics .4 .4 .4 .4 .4 .4 .3 .3

Appliances, furniture, carpeting 1.4 1.4 1.3 1.3 1.3 1.2 1.1 1.0

Miscellaneous goods 2.3 2.4 2.3 2.3 2.2 2.2 2.1 2.1

Nondurable 21.8 22.1 22.2 22.2 22.4 22.2 22.4 23.2

Non-energy 18.0 18.2 18.0 17.3 16.7 16.4 16.2 17.1

Foods and tobacco 9.8 9.6 9.6 9.3 8.9 8.7 8.8 9.4

Clothing 1.1 .8 .7 .6 .5 .4 .4 .4

Chemical products 4.6 5.2 5.2 5.1 5.0 5.1 4.8 5.1

Paper products 2.1 2.1 2.0 1.9 1.8 1.7 1.7 1.7

Energy 3.8 3.9 4.2 4.9 5.7 5.8 6.2 6.1

Business equipment 11.2 10.2 9.6 9.4 9.3 9.6 9.3 9.5

Transit 2.0 1.8 1.6 1.6 1.6 1.8 1.6 1.5

Information processing 3.9 3.2 3.0 3.0 2.8 2.9 2.8 2.9

Industrial and other 5.3 5.2 5.0 4.9 4.8 5.0 4.9 5.0

Defense and space equipment 1.6 1.6 1.6 1.5 1.6 1.5 1.5 1.7

Construction supplies 4.8 4.9 4.9 4.8 4.9 5.0 4.9 4.9

Business supplies 11.0 10.8 10.8 10.6 10.6 10.5 10.5 10.7

Materials 41.0 41.1 41.8 43.0 43.1 43.2 43.8 43.0

Non-energy 30.3 30.1 29.6 29.7 29.3 29.3 29.2 29.0

Durable 19.2 18.7 18.3 18.2 17.8 17.7 17.2 16.8

Consumer parts 3.8 4.0 3.8 3.6 3.3 3.2 2.9 2.7

Equipment parts 7.2 6.5 6.4 6.3 6.2 6.0 5.8 5.9

Other 8.2 8.1 8.1 8.3 8.3 8.5 8.4 8.2

Nondurable 11.1 11.4 11.3 11.4 11.5 11.6 12.0 12.2

Textile .8 .8 .7 .7 .7 .6 .5 .5

Paper 2.8 2.8 2.5 2.4 2.3 2.3 2.3 2.3

Chemical 4.1 4.4 4.5 5.1 5.3 5.5 5.9 5.9

Energy 10.7 11.0 12.2 13.3 13.8 13.8 14.6 14.0

INDUSTRY GROUPS

Manufacturing 83.5 83.2 81.7 80.5 79.5 79.3 78.6 79.0

Manufacturing (NAICS) 31–33 78.6 78.5 77.2 76.2 75.5 75.4 74.8 75.3

Durable manufacturing 44.0 43.2 42.0 40.7 39.7 39.6 38.4 38.1

Wood products 321 1.4 1.5 1.6 1.6 1.5 1.4 1.2 1.0

Nonmetallic mineral products 327 2.2 2.2 2.2 2.2 2.3 2.3 2.2 2.2

Primary metal 331 2.3 2.3 2.3 2.7 2.6 2.8 2.7 2.5

Fabricated metal products 332 5.8 5.7 5.5 5.3 5.3 5.5 5.6 5.9

Machinery 333 5.5 5.3 5.0 4.9 4.9 5.0 4.9 4.9

Computer and electronic products 334 9.3 8.1 7.9 7.8 7.4 7.2 6.7 6.9

Electrical equip., appliances,

and components 335 2.4 2.2 2.0 1.9 1.9 1.9 1.9 2.0

Motor vehicles and parts 3361–3 6.5 7.4 7.2 6.4 5.9 5.5 5.1 4.5

Aerospace and miscellaneous

transportation equipment 3364–9 3.7 3.5 3.3 3.1 3.2 3.2 3.4 3.5

Furniture and related products 337 1.7 1.8 1.7 1.6 1.6 1.5 1.4 1.3

Miscellaneous 339 3.1 3.3 3.3 3.1 3.1 3.1 3.1 3.3

Nondurable manufacturing 34.6 35.3 35.2 35.5 35.8 35.7 36.5 37.2

Food, beverage, and tobacco products 311,2 11.3 11.3 11.4 10.9 10.6 10.4 10.7 11.5

Textile and product mills 313,4 1.3 1.4 1.3 1.2 1.2 1.1 .9 .9

Apparel and leather 315,6 1.2 1.0 .9 .7 .6 .6 .6 .6

Paper 322 3.1 3.1 2.9 2.7 2.6 2.6 2.5 2.6

Printing and support 323 2.6 2.4 2.2 2.1 2.0 1.9 1.9 1.8

Petroleum and coal products 324 1.7 1.8 2.1 3.2 4.2 4.5 5.0 4.7

Chemical 325 9.7 10.7 10.8 11.2 11.3 11.4 11.7 12.1

Plastics and rubber products 326 3.7 3.8 3.6 3.4 3.3 3.2 3.1 3.1

Other manufacturing (non-NAICS) 1133,5111 4.8 4.7 4.5 4.3 4.1 4.0 3.8 3.7

Mining 21 7.1 7.2 8.5 9.8 10.7 11.0 11.7 10.6

Utilities 2211,2 9.4 9.6 9.8 9.7 9.8 9.7 9.7 10.4

Electric 2211 8.0 8.2 8.2 8.0 8.0 8.0 8.1 8.6

Natural gas 2212 1.4 1.4 1.6 1.7 1.8 1.6 1.7 1.7

NOTE. The IP proportion data are estimates of the industries’ relative contributions to overall IP change between the reference year and the following year. For example, a

1 percent increase in durable goods manufacturing between 2008 and 2009 would account for a 0.381 percent increase in total IP.

31
Table 11

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY

Seasonally adjusted

2002=100 Percent change

2008 2009 2008 2009 Feb. ’08 to

Industrial production Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rSept.r Oct.r Nov.r Dec.rJan.rFeb.rFeb. ’09

Total index 104.8 106.3 104.9 102.4 100.3 98.8 -4.0 1.4 -1.3 -2.4 -2.0 -1.5 -11.8

Previous estimates 105.3 107.0 105.7 103.2 101.2 99.7 -4.1 1.7 -1.3 -2.4 -1.9 -1.4 -11.2

Major market groups

Final Products 106.3 107.0 106.8 105.9 103.3 102.2 -2.4 .6 -.2 -.9 -2.4 -1.1 -9.2

Consumer goods 101.4 103.0 102.1 100.4 98.4 97.8 -1.3 1.6 -.9 -1.7 -1.9 -.6 -8.3

Business equipment 117.7 114.9 117.9 120.2 115.5 113.7 -6.7 -2.4 2.6 2.0 -3.9 -1.6 -12.4

Nonindustrial supplies 102.6 102.3 99.9 96.7 95.3 93.1 -2.1 -.3 -2.4 -3.2 -1.4 -2.4 -13.8

Construction 99.1 97.8 93.7 89.7 86.3 84.7 -2.1 -1.3 -4.2 -4.2 -3.8 -1.8 -18.5

Materials 104.3 107.1 105.1 101.2 99.3 97.7 -5.9 2.7 -1.9 -3.7 -1.9 -1.6 -13.6

Major industry groups

Manufacturing (see note below) 105.7 106.2 103.9 100.9 98.0 97.4 -3.7 .5 -2.2 -2.9 -2.8 -.7 -13.7

Previous estimates 106.6 107.3 104.9 101.8 99.1 98.3 -3.7 .6 -2.2 -2.9 -2.7 -.7 -13.1

Mining 96.4 103.5 105.2 103.2 101.9 101.2 -9.3 7.3 1.6 -1.9 -1.2 -.7 -3.7

Utilities 105.7 106.8 108.9 109.4 112.3 103.8 1.4 1.0 2.0 .4 2.6 -7.6 -6.9

Capacity

Percent of capacity growth

Average 1988- 1990- 1994- 2001-

1972- 89 91 95 02 2008 2008 2009 Feb. ’08 to

Capacity utilization 2008 high low high low Feb. Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rFeb. ’09

Total industry 80.9 85.1 78.7 84.9 73.5 80.2 74.5 75.5 74.6 72.7 71.3 70.2 .6

Previous estimates 80.9 85.0 78.6 85.1 73.6 80.7 75.0 76.2 75.2 73.3 71.9 70.9 1.1

Manufacturing (see note below) 79.6 85.4 77.2 84.5 71.4 78.0 72.5 72.8 71.3 69.2 67.3 66.8 .7

Previous estimates 79.6 85.4 77.1 84.6 71.5 78.5 73.2 73.6 71.9 69.7 67.9 67.4 1.2

Mining 87.6 86.5 83.8 89.1 84.9 91.2 83.1 89.1 90.5 88.8 87.7 87.0 .9

Utilities 86.8 92.8 84.2 93.3 84.2 86.7 81.2 81.9 83.4 83.6 85.7 79.1 2.1

Stage-of-process groups

Crude 86.6 88.3 84.7 89.9 81.7 88.9 78.7 84.8 84.7 82.3 81.4 81.2 .8

Primary and semifinished 82.0 86.5 77.9 87.9 74.3 80.3 74.9 75.5 73.7 71.3 69.9 67.8 .3

Finished 77.7 83.0 77.2 80.3 70.0 76.6 72.2 71.6 71.3 70.4 68.6 68.5 1.5

r Revised. p Preliminary.

Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise

manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS);

electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry

and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information

respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC)

system. In December 2002 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.

32
EXPLANATORY NOTE

The Industrial Production and Capacity Utilization statistical

release, which is published around the middle of the month, reports

measures of output, capacity, and capacity utilization in

manufacturing, mining, and the electric and gas utilities industries.

More detailed descriptions of industrial production and capacity

utilization are available at www.federalreserve.gov/releases/G17 at

the Board’s World Wide Web site. In addition, files containing data

shown in the release, more detailed series that were published in the

G.17 prior to December 2000, and historical data are available at the

Board’s Web site. Instructions for searching for and downloading

specific series are provided as well. For paid access to the data files

through the Department of Commerce’s Economic Bulletin Board or

World Wide Web site, please call STAT-USA at 1-800-STAT-USA or

202-452-1986. Diskettes containing historical data and the data

published in this release also are available from the Board of

Governors of the Federal Reserve System, Publications Services,

202-452-3245.

INDUSTRIAL PRODUCTION

Coverage. The industrial production (IP) index measures the real

output of the manufacturing, mining, and electric and gas utilities

industries; the reference period for the index is 2002. Manufacturing

consists of those industries included in the North American Industry

Classification System, or NAICS, definition of manufacturing plus

those industries-logging and newspaper, periodical, book and

directory publishing-that have traditionally been considered to be

manufacturing and included in the industrial sector. For the period

since 1997, the total IP index has been constructed from 312

individual series based on the 2002 North American Industrial

Classification System (NAICS) codes. These individual series are

classified in two ways: (1) market groups, and (2) industry groups.

Market groups consist of products and materials. Total products are

the aggregate of final products, such as consumer goods and

equipment, and nonindustrial supplies (which are inputs to

nonindustrial sectors). Materials are inputs in the manufacture of

products. Major industry groups include three-digit NAICS industries

and aggregates of these industries—for example, durable and

nondurable manufacturing, mining, and utilities. A complete

description of the market and industry structures, including details

regarding series classification, relative importance weights, and data

sources, is available on the Board’s web site

(www.federalreserve.gov/releases/G17/About.html).

Source data. On a monthly basis, the individual indexes of industrial

production are constructed from two main types of source data: (1)

output measured in physical units and (2) data on inputs to the

production process, from which output is inferred. Data on physical

products, such as tons of steel or barrels of oil, are obtained from

private trade associations and from government agencies; data of this

type are used to estimate monthly IP wherever possible and

appropriate. Production indexes for a few industries are derived by

dividing estimated nominal output (calculated using unit production

or sales and unit values) by a corresponding Fisher price index; the

most notable of these fall within the high-technology grouping and

include computers, communications equipment, and semiconductors.

When suitable data on physical product are not available, estimates of

output are based on production-worker hours by industry. Data on

hours worked by production workers are collected in the monthly

establishment survey conducted by the Bureau of Labor Statistics.

The factors used to convert inputs into estimates of production are

based on historical relationships between the inputs and the

comprehensive annual data used to benchmark the IP indexes; these

factors also may be influenced by technological or cyclical

developments. The annual data used in benchmarking the individual

IP indexes are constructed from a variety of source data, such as the

quinquennial Censuses of Manufactures and Mineral Industries and

the Annual Survey of Manufactures, prepared by the Bureau of the

Census; the Minerals Yearbook, prepared by the United States

Geological Survey of the Department of the Interior; and publications

of the Department of Energy.

Aggregation Methodology and Weights. The aggregation method

for the IP index is a version of the Fisher-ideal index formula. (For a

detailed discussion of the aggregation method, see 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 (pm) and the estimate for previous month:

I

A

m

I

A

m−1

=

s P

P

Impm−1

Im−1pm−1

×

P

P

Impm

Im−1pm

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 8 percent. If output in this industry increased

10 percent in a month, then this gain would boost growth in total IP

by 8/10 percentage point (0.08 x 10% = 0.8%). To assist users with

calculations, the Federal Reserve’s web site provides supplemental

monthly statistics that represent the exact proportionate contribution

of a monthly change in a component index to the monthly change in

the total index (www.federalreserve.gov/

releases/G17/ipdisk/ipweights.sa).

Timing. The first estimate of output for a month is published around

the 15th of the following month. The estimate is preliminary (denoted

by the superscript “p” in tables) and, beginning with the release of

March 2008 data, 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 72 percent of the source data (in

value-added terms) are available; the fraction of available source data

increases to 86 percent for estimates in the second month that the

estimate is published, 95 percent in the third month, 98 percent in the

fourth month, 99 percent in the fifth month, and 99 percent in the

sixth month. Data availability by data type, based on the six-month

reporting window used in 2008, is summarized in the table below:

Availability of Monthly IP Data in Publication Window

(Percent of value added in 2008)

Month of estimate

Type of data 1st 2nd 3rd 4th 5th 6th

Physical product 30 44 54 56 57 57

Production-worker hours 42 42 42 42 42 42

IP data received 72 86 95 98 99 99

IP data estimated 28 14 5 2 1 1

The physical product group includes series based on either monthly or

quarterly data. As can be seen in the first line of the table, in the first

month, a physical product indicator is available for about half of the

series (in terms of value added) that ultimately are based on physical

product data (30 percent out of total of 57 percent). Of the 30 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 third estimate of industrial production. Specifically,

quarterly data are available for the second estimate of the last month

of a quarter, the third estimate of the second month of a quarter, and

the fourth estimate of the first month of a quarter.

Seasonal adjustment. Individual series are seasonally adjusted using

Census X-12 ARIMA. For series based on production-worker hours,

the current seasonal factors were estimated with data through

February 2009; for other series, the factors were estimated with data

through at least September 2008. 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,

33
without regard to sign, between the first and the fourth estimates was

0.26 percent during the 1987–2008 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 1987–2008

period. In most cases (about 85 percent), the direction of change in

output indicated by the first estimate for a given month is the same as

that shown by the fourth estimate.

Rounding. The published percent changes are calculated from

unrounded indexes, and may not be the same as percent changes

calculated from the rounded indexes shown in the release.

CAPACITY UTILIZATION

Overview. The Federal Reserve Board constructs estimates of

capacity and capacity utilization for industries in manufacturing,

mining, and electric and gas utilities. For a given industry, the

capacity utilization rate is equal to an output index (seasonally

adjusted) divided by a capacity index. The Federal Reserve Board’s

capacity indexes attempt to capture the concept of sustainable

maximum output—the greatest level of output a plant can maintain

within the framework of a realistic work schedule, after factoring in

normal downtime and assuming sufficient availability of inputs to

operate the capital in place.

Coverage. Capacity indexes are constructed for 87 detailed industries

(69 in manufacturing, 16 in mining, and 2 in utilities), which mostly

correspond to industries at the three- and four-digit NAICS level.

Estimates of capacity and utilization are available for a variety of

groups, including durable and nondurable manufacturing, total

manufacturing, mining, utilities, and total industry. Manufacturing

consists of those industries included in the North American Industry

Classification System, or NAICS, definition of manufacturing plus

those industries—logging and newspaper, periodical, book and

directory publishing—that have traditionally been considered to be

manufacturing and included in the industrial sector. Also, special

aggregates are available, such as high-tech industries and

manufacturing excluding high-tech industries.

Source Data. The monthly rates of capacity utilization are designed

to be consistent with both the monthly data on production and the

periodically available data on capacity and utilization. Because there

is no direct monthly information on overall industrial capacity or

utilization rates, the Federal Reserve first estimates annual capacity

indexes from the source data. Capacity data reported in physical units

from government sources (primarily from the U.S. Geological Survey

and the Department of Energy’s Energy Information Administration)

and trade sources are available for portions of several industries in

manufacturing (e.g., paper, industrial chemicals, petroleum refining,

motor vehicles), as well as for electric utilities and mining; these

industries represent about 25 percent of total industrial capacity.

When physical product data are unavailable for manufacturing

industries, capacity indexes are based on responses to the Bureau of

the Census’s Quarterly Survey of Plant Capacity (QSPC); these

industries account for a bit less than 70 percent of total industry

capacity. In the absence of utilization data for a few mining and

petroleum series, capacity is based on trends through peaks in

production (roughly 5 percent of total industry capacity). A detailed

description of the methodology used to construct the capacity indexes

is available on the Board’s web site

(www.federalreserve.gov/releases/G17/CapNotes.html).

Aggregation Methodology. Monthly capacity aggregates are

calculated in three steps: (1) utilization aggregates are calculated on

an annual basis through the most recent full year as capacity-weighted

aggregates of individual utilization rates; (2) the annual aggregate

capacity is derived from the corresponding production and utilization

aggregates; (3) the monthly capacity aggregate is obtained by

interpolating with a Fisher index of its constituent monthly capacity

series. Utilization rates for the individual series and aggregates are

calculated by dividing the pertinent monthly production index by the

related capacity index.

Consistency. A major aim is that the Federal Reserve utilization rates

be consistent over time so that, for example, a rate of 85 percent

means about the same degree of tightness that it meant in the past. A

major task for the Federal Reserve in developing reasonable and

consistent time series of capacity and utilization is dealing with

inconsistencies between the movements of the industrial production

index and the survey-based utilization rates. The McGraw-Hill/DRI

Survey, now discontinued, was the primary source of manufacturing

utilization rates for many years. This was a survey of large companies

that reported, on average, higher utilization rates than those reported

by establishments covered by the 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 1972–2007 period, the average total industry

utilization rate was 81.0 percent; for manufacturing, the average

factory operating rate was 79.7 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

shown in table 7 are specific to each series and do not all occur in the

same month.

REFERENCES AND RELEASE DATES

References. The annual revision published in March 2008 is

described in an article published in the Federal Reserve Bulletin, vol.

94, pp. A41–A60. A summary of the annual revision that

incorporated back to 1972 production and capacity indexes

reclassified according to the North American Industry Classification

System is available in an article in the Federal Reserve Bulletin, vol.

89 (April 2003), pp.151-176. A description of the aggregation

methods for industrial production and capacity utilization is included

in an article in the Federal Reserve Bulletin, vol. 83 (February 1997),

pp. 67-92. The Federal Reserve methodology for constructing

industry-level measures of capital is detailed in “Capital Stock

Estimates for Manufacturing Industries: Methods and Data” by Mike

Mohr and Charles Gilbert (1996), which can be obtained at:

www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.

Industrial Production—1986 Edition contains a more detailed

description of the other methods used to compile the industrial

production index, plus a history of its development, a glossary of

terms, and a bibliography. The major revisions to the IP indexes and

capacity utilization since 1990 have been described in the Federal

Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,

January 1995, January 1996, February 1997, February 1998, January

1999, March 2000, March 2001, March 2002, April 2003, Winter

2004, Winter 2005).

Release Schedule

At 9:15 a.m. on

2009: January 16, February 18, March 16, April 15, May 15, June 16,

July 15, August 14, September 16, October 16, November 17, and

December 15.

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