FEDERAL RESERVE statistical release

G.17 (419) 2014 Historical and Annual Revision For release at 12:00 noon (EDT)

March 28, 2014

Industrial Production and Capacity Utilization: The 2014 Annual Revision

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

capacity and capacity utilization.1 The annual revision for 2014 was more limited than in recent years because

the source data required to extend the annual benchmark indexes of production into 2012 were mostly

unavailable. Consequently, the IP indexes published with this revision are very little changed from previous

estimates. Measured from fourth quarter to fourth quarter, total IP is now reported to have increased about

31/3 percent in each year from 2011 to 2013. Relative to the rates of change for total IP published earlier, the new

rates are 1/2 percentage point higher in 2012 and little changed in any other year. Total IP still shows a

peak-to-trough decline of about 17 percent for the most recent recession, and it still returned to its pre-recession

peak in the fourth quarter of 2013.

As noted above, much of the new data that are typically incorporated in the annual benchmarks for IP

were unavailable for this revision. In particular, at the time of publication, the U.S. Census Bureau had not issued

detailed results of the 2012 Census of Manufactures. Some new data were available, however. The benchmark

production indexes for publishing were updated from newly available data for 2012 from the Census Bureau’s

Service Annual Survey. The revised IP indexes also incorporated annual data from the U.S. Geological Survey

(USGS) regarding metallic and nonmetallic minerals (except fuels) for 2013. The monthly estimates of

production were updated to incorporate late-arriving or revised monthly or quarterly indicator data (either

outputs from or inputs to production), and they also reflect recalculations of seasonal factors. In addition, new

high-frequency indicators were incorporated for a few production indexes.

Capacity utilization rates for recent years were revised down slightly. Relative to earlier estimates,

capacity utilization for total industry is about 1/4 percentage point lower in the fourth quarter of each year from

2010 to 2013.

The revised estimates of capacity and capacity utilization incorporated data from the Census Bureau’s

Quarterly Survey of Plant Capacity Utilization (QSPC) for the fourth quarter of 2013, which covered the

manufacturing sector, along with new data on capacity from the USGS, the U.S. Department of Energy, and

other organizations, primarily for the energy and mining sectors. Typically, the estimates of capacity and

capacity utilization would incorporate an additional year of data on capital spending by industry from the U.S.

Census Bureau, but data for 2012 were not available at the time of publication.

RESULTS OF THE REVISION

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

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

1984 through February 2014, along with the percent changes in total IP. Tables 2 through 4 show the revised

1The revision affected rates of change for IP from 1972 forward. When necessary to maintain consistency with any revisions to the data for 1972 and subsequent years,

the levels of the production and capacity indexes for the years before 1972 were multiplied by a constant. However, utilization rates and the rates of change in IP for the

years before 1972 were not revised.

1
rates of change in IP from 2009 through 2013 for market groups, industry groups, special aggregates, and

selected detail. Table 5 presents the revised rates of change in capacity by industry groups for the 2010–14

period. Tables 2 through 5 also show the differences between the revised and previous estimates of the rates of

change. Table 6 contains the revised capacity utilization rates for the fourth quarters of 2010 through 2013 and

the differences between the revised and previous estimates. Table 7 reports revised semiannual rates of change

for IP for 2009 through 2013. Table 8 contains revised capacity utilization rates for the second and fourth

quarters of 2009 through 2013. Tables 9A, 9B, 10A, 10B, 11A, and 11B report the revised production, capacity,

and utilization measures for manufacturing, total industry excluding selected high-technology industries, and

manufacturing excluding selected high-technology industries. Table 12 displays the annual proportions in IP by

market and industry groups for 2006 through 2013. Table 13 reports revised IP indexes for the major market and

industry groups for the previous six months and reports revised capacity utilization rates for the same period.

Industrial Production

Revisions to the changes in total IP in recent years are small, and the general contour of total IP in recent

years is unchanged from previous estimates (figure 1 and table 2).2 Total IP declined sharply in 2009, rebounded

strongly in 2010, and recorded more moderate gains in each year from 2011 to 2013. The upward revision to the

increase in output in 2012 resulted almost entirely from higher estimates for high-technology industries

(computers and peripheral equipment, communications equipment, and semiconductors and related electronic

components). Excluding high-technology industries, total IP is essentially unrevised from 2009 to 2013 (table 3).

Production by Industry Group

From June 2009, the trough of the recent recession, to February 2014, manufacturing production rose

21.8 percent, but it was still 3.0 percent below its pre-recession peak.3 The gain in 2012 is now 0.6 percentage

point higher than previously reported, primarily because of stronger output in high-technology industries.

Excluding high-technology industries, the rates of change of manufacturing output are nearly unchanged from

those previously reported (table 3).

After having advanced 12.2 percent in 2010, the output of durable goods industries increased at about

half that rate in each year from 2011 to 2013 (table 2). The gain in 2012 is now about 3/4 percentage point

stronger than previously reported, while the increase in 2013 is about 1/4 percentage point larger; the rate of

change in 2011, by contrast, is about 1/4 percentage point lower than previously reported.

Although overall production for durables has surpassed its pre-recession level, the recovery has not been

uniform across its major components. By February 2014, the indexes for machinery, for computer and electronic

products, for transportation equipment, and for miscellaneous manufacturing had all rebounded to above their

late-2007 levels. In contrast, the latest readings for the indexes for wood products, for nonmetallic mineral

products, and for furniture and related products were each more than 20 percent below their previous peaks.

After having increased 26.7 percent in 2010, the output of high-technology industries continued to move

up from 2011 to 2013, albeit at a slower pace (table 3). Relative to previous estimates, the increase in

high-technology output in 2012 is now substantially larger. This upward revision arose from production of

semiconductors, which is stronger than previously reported. In particular, a more rapid advance in the production

of microprocessors, which reflected greater improvements in chip quality than previously estimated, accounts for

the majority of the higher output (discussed under technical notes).

2

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

change on a half-year basis are shown in table 7.

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

newspaper, periodical, book, and directory publishing—that were in the manufacturing sector under the Standard Industrial Classification system.

2
The production of nondurable manufacturing industries expanded modestly in each year since 2010.

Rates of change in nondurable output are similar to the previous estimates. By February 2014, the output of

nondurable goods industries remained 8 percent below its pre-recession peak; among its major industry groups,

only the output of food was higher than its level in late 2007.

The output index for industries not in the scope of manufacturing under the North American Industry

Classification System (NAICS)—that is, logging and publishing—fell in every year from 2009 to 2013. The

decrease in 2012 is now somewhat less sharp than previously reported as a result of new benchmark data from

the Service Annual Survey.

The production indexes for mining and utilities are little changed from those previously reported. Strong

increases in oil and natural gas extraction have boosted mining output in each of the last four years. Rates of

change in the output of utilities are very similar to previous reports.

Production by Market Group

The production index for final products and nonindustrial supplies rose about 33/4 percent in 2010,

21/4 percent in 2011, 23/4 percent in 2012, and 31/4 percent in 2013 (table 2). Gains in recent years are little

changed from previous estimates. By February 2014, the index had recovered about 131/2 percentage points of its

17 percent loss from the end of 2007 to mid-2009.

The index for consumer goods is little changed from its previous estimate. The production of consumer

goods increased only 0.3 percent in 2010, strengthened somewhat in 2011 and 2012, and then rose about

3 percent in 2013. Despite these gains, which were supported by robust increases in the output of automotive

products, the level of the index in February 2014 remained about 21/4 percent below its pre-recession peak.

The index for business equipment has risen substantially since the 2009 trough, with a sharp rebound in

2010 followed by additional, but smaller, increases. With these gains, the output of business equipment has now

fully retraced its recession-era decline. Among the three major components of business equipment, only the

output of information processing and related equipment remains below its December 2007 level, albeit only

slightly. Relative to previous estimates, the index for business equipment is little changed.

The production of defense and space equipment increased robustly in 2010, declined somewhat in 2011,

and then jumped in 2012 before increasing moderately in 2013. The index is little changed by this revision.

The index for construction supplies has advanced briskly in recent years; following a jump in output in

2010, production has expanded between 21/2 and 5 percent in each year from 2011 to 2013. Notwithstanding

these gains, the index in February 2014 had recovered less than half of its recession-period decline of 33 percent.

Compared with the index for construction supplies, the index for business supplies declined less steeply during

the recession and rebounded less sharply during the recovery, and its most recent reading was about 6 percent

below its pre-recession peak.

The output of materials advanced 91/2 percent in 2010 and then increased, on average, 33/4 percent per

year for the next three years. Relative to previous estimates, the gain in 2012 is now larger, while the increase in

2011 is somewhat smaller. As of February 2014, the level of the index for materials was about 7 percent higher

than its pre-recession peak.

Within materials, the recovery from the recession has been uneven. As of February 2014, the indexes for

both durable goods materials and energy materials were above their pre-recession levels. All of the categories of

durable goods materials increased substantially from 2010 to 2013. The gain in the output of durable materials in

3
2012 is now stronger than previously reported as a result of a faster increase in the production of equipment parts.

By contrast, the output of nondurable materials has recovered less than half of its 20 percent decline

during the recession. The index for nondurable materials advanced in 2010 and moved down in 2011 before

increasing in 2012 and being nearly unchanged in 2013.

The output of energy materials advanced briskly in 2010 and 2011, increased at a slower pace in 2012,

and then resumed more rapid gains in 2013. Rates of change in the production of energy materials are nearly

unchanged from previous estimates.

Capacity

Total industrial capacity contracted in 2010 before increasing in 2011, 2012, and 2013 (table 5).4

Capacity is expected to expand at a slightly faster rate in 2014. Relative to previous estimates, the gain in total

industrial capacity in 2012 is somewhat larger.

After having decreased each year from 2008 to 2010, manufacturing capacity rose slightly in 2011 and

then increased around 2 percent in 2012 and in 2013; it is expected to advance at a somewhat faster pace in 2014.

Relative to earlier estimates, the gains in 2012 and 2013 are larger. The revised level of capacity in the fourth

quarter of 2013 is 0.9 percent higher than the earlier estimate. Capacity in durable manufacturing industries

declined from 2008 to 2010 and then advanced solidly in each year from 2011 to 2013; capacity is expected to

post another strong gain in 2014. The rate of change in durable manufacturing capacity is now reported to have

increased at a faster rate in both 2012 and 2013, with the capacity index for computer and electronic products

being the largest contributor in 2012 and higher capacity in fabricated metal products being the largest

contributor to the revision in 2013. Capacity in high-technology industries advanced briskly in each year from

2010 to 2012, moved up at a slightly slower pace in 2013, and is expected to increase again in 2014. The gain in

2012 is now substantially stronger than previously reported. For nondurable manufacturing, capacity contracted

in each year from 2008 to 2011 before increasing modestly in 2012 and 2013; the pace of capacity gains for

nondurables is expected to pick up in 2014. Relative to the previous estimate, the rate of change for nondurables

manufacturing capacity is now estimated to have increased somewhat less in 2012.

Capacity at mines was flat in 2010 but increased sharply in 2011, 2012, and 2013; further gains are

expected in 2014. Relative to previous estimates, the rates of change in 2010 and 2011 are now larger. Capacity

at utilities increased modestly in each year from 2010 to 2013, with another increase expected in 2014; the gains

from 2011 to 2013 are now reported to be smaller in each year than previously estimated.

By stage of processing, capacity at the crude stage declined in 2010 and then recorded robust gains of

3 percent or more in 2011, 2012, and 2013; capacity is expected to increase further in 2014. Relative to previous

estimates, the rates of change for capacity at the crude stage are now reported to be higher in 2010, 2011, and

2012, but lower in 2013. Capacity at the primary and semifinished stages declined in 2010 and then increased in

each year from 2011 to 2013; another expansion is expected in 2014. Relative to previous estimates, the gains in

capacity at the primary and semifinished stages are now reported to have been somewhat smaller in 2011 but

considerably stronger in 2012. For finished goods industries, capacity declined in 2010, edged up in 2011, and

then increased more briskly in 2012 and 2013. Capacity for these producers is expected to increase in 2014. The

rates of change for capacity in the finished goods stage are smaller than previously reported for 2011 but larger

for 2013.

4

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

4
Capacity Utilization

Capacity utilization for total industry has risen in each year from 2010 to 2013.5In 2013, capacity

utilization for total industry was 78.4 percent, a rate 1.7 percentage points below its long-run (1972–2013)

average of 80.1 percent (table 6). Compared with earlier estimates, capacity utilization for total industry is now

reported to have been slightly lower in each year from 2010 to 2013.

The capacity utilization rate for manufacturing jumped in 2010 and then increased at a slower rate in each

year from 2011 to 2013. Relative to previous reports, larger increases in manufacturing capacity slightly more

than offset higher rates of change in production in 2012 and 2013; consequently, the factory operating rates are

now estimated to have been a bit lower in those years. At 76.4 percent, the rate for 2013 is 0.3 percentage point

below its earlier level and 2.3 percentage points below its long-run average. The utilization rate for durable

manufacturing has risen in each year from 2010 to 2013, when it reached 76.3 percent, but rates in 2012 and

2013 are now lower than reported earlier. The utilization rate for nondurable manufacturing has increased from

71.8 percent in 2009 to 77.8 percent in 2013. The rates for nondurables in 2010 and 2011 are now reported to

have been lower than previously estimated, while rates for 2012 and 2013 are slightly higher than previously

estimated.

As of the fourth quarter of 2013, all nondurable manufacturing industry groups were still operating at

rates below their industry-specific long-run averages (table 6), with the rates for textile and product mills and for

printing and support well below their long-run averages. Among durable goods manufacturers, 5 of the

11 industry groups in table 6 were operating at utilization rates above their long-run averages: fabricated metal

products; machinery; electrical equipment, appliances, and components; motor vehicles and parts; and aerospace

and miscellaneous transportation equipment. Only the nonmetallic mineral products industry was operating at a

rate far below its long-run average.

Capacity utilization in mining advanced strongly in 2010 and continued to increase in 2011; utilization

fell back slightly in 2012 but increased again in 2013. Utilization rates at mines are lower than previously

reported in each year from 2010 to 2013. Nevertheless, the utilization rate for mining in 2013, at 87.7 percent,

was 0.4 percentage point above its long-run average. The operating rates for utilities are now higher than

previously reported for 2012 and 2013; at 81.3 percent in 2013, however, the utilization rate was 4.8 percentage

points below its long-run average.

TECHNICAL ASPECTS OF THE REVISION

The annual revisions to the indexes of IP and capacity were limited in scope this year. Much of the

comprehensive data that is newly incorporated in a typical annual revision was not yet available at the time of

publication. However, this annual revision did incorporate updated measures of employment and

production-worker hours from the Current Employment Statistics monthly survey conducted by the Bureau of

Labor Statistics (BLS). In addition, the benchmark indexes for logging and publishing were updated through

2012 based on data from the U.S. Forest Service and the U.S. Census Bureau.

The revised IP indexes include information from the QSPC for 2013 and from other industry reports. The

indexes also incorporate revised monthly and quarterly source data on production, shipments, and inventories.

5Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the reference year.

5
Annual Benchmark Output Indexes

The annual benchmark output indexes for IP are defined as nominal gross output divided by a price

index. These benchmark indexes are constructed for each six-digit industry defined by the NAICS. As noted

earlier, much of the underlying source data required to construct the benchmark output indexes for 2012 is not

yet available. For a few industries—including semiconductors—the Federal Reserve constructs benchmark

indexes at a more detailed level than the six-digit NAICS, and 2012 data do exist for some of these industries.

Changes to annual benchmarks for semiconductors

The IP indexes for semiconductors (NAICS 334413) use monthly shipments data from the

Semiconductor Industry Association (SIA) deflated by a price index. This revision updates the methods for

calculating the annual benchmark price index used in the output index for microprocessors (MPUs) and extends

the price index one year further to 2012. The updated methods also affect the price index for metal-oxide

semiconductor (MOS) logic chips excluding MPUs.

As in the construction of other price indexes used in the G.17 statistics, the price index for MPUs is

composed of an annual benchmark deflator combined with a monthly price indicator. In the 2013 annual

revision, the Federal Reserve introduced new methods using hedonic regressions to construct the annual

benchmark price deflator.6 Hedonic price indexes use data on product characteristics to remove the effect of

changing product quality from prices.

This revision updated the previous methods in a few ways. First, this revision incorporated additional

observations in the sample used in the 2013 analysis. Second, the increased sample size enabled a more flexible

specification of the hedonic model used in the analysis. Third, the updated methods controlled for heat

management properties of different MPUs. Finally, some controls were eliminated from the specification and the

sample was adjusted to improve consistency over time. The current revision applied the updated methods only to

2012.

After having declined at an average rate of 37 percent per year for the 2007–11 period, the price index for

MPUs is estimated to have declined 30 percent in 2012 using the updated methods. Previously, the price deflator

for MPUs in 2012 was estimated to have declined about 4 percent. It is expected that the new methods will be

introduced to the 2007–11 period in a future annual revision.

The price deflator for the IP index for MOS logic excluding MPUs is a geometric mean of a Fisher price

index constructed from monthly SIA data for chips in this category, the price index for MPUs, and the price

index for MOS memory chips. Because the changes to the price index for MPUs imply more rapid price declines

for 2012, the output index for MOS logic excluding MPUs, which relies on this price deflator, registers stronger

gains.

Changes to Individual Production Indexes

Several production indicators were affected by methodological changes in this revision.

Business Furniture

Monthly data on the overall value of shipments for office furniture from the Business and Institutional

Furniture Manufacturers Association (BIFMA) have been instituted as the primary source data for the index for

business furniture (NAICS 3372) for the period from 1972 forward. Previously, the IP index for business

6Described on the Federal Reserve’s website at www.federalreserve.gov/releases/g17/MpuPriceIndex.htm.

6
furniture was based on monthly production-worker hour data from the BLS for 1997 forward; before that, the

monthly production indicator was data for electric power use collected by the Federal Reserve. As with the other

production indexes that are based on manufacturers’ shipments, the BIFMA shipments data were adjusted by a

procedure that estimates changes in inventories to obtain a measure of production. The procedure was described

in detail in the Federal Reserve Bulletin article that summarized the 2004 annual revision.7

Computers

This revision introduced new source data for each of the component indexes for computer and peripheral

equipment (NAICS 3341). For the period beginning in 2012, monthly data from the BLS on production-worker

hours are now used as high-frequency indicators for the following indexes: business desktops, consumer

desktops, business mobiles, consumer mobiles, business storage and terminals, consumer storage and terminals,

business printers and peripherals, and consumer printers and peripherals. Previously, these indexes were based

on quarterly data on domestic absorption for computers from the International Data Corporation (IDC) and on

information from the discontinued (as of mid-2011) Current Industrial Report (CIR) program from the U.S.

Census Bureau.

The monthly data on production-worker hours are only collected on an industry basis and do not contain

separate labor input information for business and consumer computers. The business and consumer market splits

required for the IP indexes are estimated from IDC data on the relative shares of domestic absorption for these

markets. The Federal Reserve will continue to receive these data from IDC once per year, with quarterly

frequency detail covering the four quarters of the previous year. These data will be used in future annual

revisions to retroactively construct the business and consumer shares and apply them to the historical data on

production-worker hours for the same time frame. For the period when the business and consumer shares are not

yet available from IDC, the shares will be projected using time-series methods.

With this revision, for the period beginning in 2012, the IP indexes for x86 servers and non-x86 servers

are based on measures derived from the QSPC augmented by estimates of the service flow from the capital stock

at producers of computers and peripherals. The capital services measures were constructed from historical

investment data and a survey of investment plans. In recent years, the augmented QSPC utilization rates, a proxy

for capital utilization, have tracked detrended measures of IP for servers. Previously, the IP indexes used data

from IDC on U.S. domestic absorption of servers.

Semiconductors

The IP indexes for each of the individual components of semiconductors (NAICS 334413) are derived

from data on measures of nominal U.S. output deflated by a price index. This revision includes updates to the

annual benchmark indexes (discussed above) and also to the monthly production indexes for the different types

of memory semiconductors: flash memory, dynamic random-access memory (DRAM), and other metal-oxide

semiconductors (MOS) memory. Specifically, the updates to memory chips include enhancements to (1) the

share of global semiconductor sales for each product type that originated from U.S. factories and (2) the

associated price indexes.

Domestically produced shares of global shipments

The data on nominal shipments come from a SIA monthly report that provides details on global sales for

many types of chips. For each type of chip, the SIA shipments figures are multiplied by an estimate of the share

of global sales that is produced domestically. These shares are derived from a global census, published by IHS

7Kimberly Bayard and Charles Gilbert (2005), “Industrial Production and Capacity Utilization: The 2004 Annual Revision,” Federal Reserve Bulletin, vol. 91 (Winter),

pp. 9–25, www.federalreserve.gov/pubs/bulletin/2005/winter05 ip.pdf.

7
iSuppli, of semiconductor factories. The domestic share of global unit capacity (in semiconductor wafers) for

each product type is used as a proxy for the domestic share of the value of shipments. Updated capacity

estimates from IHS iSuppli along with new information learned from discussions with iSuppli analysts, led to an

upwardly revised estimate for the domestic production shares for memory chips and to higher domestic output in

2012 and 2013.

Price index for memory chips

This revision updated the price indexes for memory chips with new data from the Bank of Japan (BOJ).

Historically, quarterly price indexes for memory chips have been based on quarterly data on prices and global

sales by detailed memory type using a matched-model, chain-weighted aggregation. Less-detailed monthly

information from SIA had been used to interpolate a monthly price index that was constrained to line up with the

quarterly indexes. With this revision, the monthly interpolation is based on the price index for MOS memory

chips published by the BOJ. In addition, this revision used the BOJ price index as a primary indicator of memory

prices for months after the last available date of the quarterly price data: the second quarter of 2013 for DRAM

and flash memory, and the second quarter of 2009 for other memory.

Electric Lighting

The IP index for electric lighting equipment (NAICS 3351) has been updated with this revision.

Previously, output was inferred from monthly production-worker hour data from the BLS. This revision adopted

quarterly data back to 2002 from the National Electrical Manufacturers Association’s (NEMA) Lighting Systems

Index. The NEMA index covers U.S. shipments of a variety of lighting products, including lamps, luminaires,

ballasts, and emergency lighting.

Adjustments for Natural Disasters and Extreme Weather

With this annual revision, the production indexes continue to incorporate model-based estimates of the

effects on output of natural disasters or extreme weather events. These estimates are derived from

industry-specific measures of economic activity in the most affected areas.8 Since the 2013 annual revision, the

natural disasters and extreme weather events that required special estimates of the effect on production include

the tornadoes that hit Oklahoma in July 2013 and the extreme cold weather and snowstorms that affected much

of the country in January and February 2014.

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, both from the U.S. Census

Bureau. 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. As in the 2013 annual revision, the weights for

aggregation expressed as value-added per unit were estimated with data on producer prices for the period after

2011. Table 12 shows the annual value-added proportions in the IP index from 2006 through 2013.

Revised Quarterly and Monthly Data

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

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

8The methods used to make these estimates have been documented previously, most recently on the Federal Reserve’s website at

www.federalreserve.gov/releases/g17/g17 technical qa.htm.

8
with monthly IP estimates but were available for inclusion in the annual revision.

Revised Seasonal Factors

Seasonal factors for production-worker hours—which adjust for timing, holiday, and monthly seasonal

patterns—were updated with data through January 2014. The updated factors for the physical product series,

which include adjustments for holiday and workday patterns, used data through December 2013 where available.

Seasonal factors for unit motor vehicle assemblies have been updated, and projections through June 2015

are on the Board’s website at www.federalreserve.gov/releases/g17/mvsf.htm. This annual revision updated the

procedures for estimating seasonal factors for the months in the third quarter of the years from 1996 through

2011. Previously, the seasonal factors for cars and light trucks were based, in part, on manufacturers’ initial

assembly plans for the months of July, August, and September. These assembly plans reflected the summer

shutdowns that allow for factory retooling to accommodate model changeovers. Prior to the mid-1990s, the

summer shutdowns fluctuated between July and August, which necessitated special adjustments to the seasonal

factors. Since the mid-1990s, however, automakers’ summer shutdowns have been more reliably slotted for July,

if they are scheduled at all, so the special adjustments based on initial assembly plans were no longer required.

With this revision, the special adjustments were removed for the period beginning with 1996.

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. Indexes for one additional industry group are being published with this release:

Nonferrous metals except foundries (NAICS 3313 and 3314).

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.

9
1. Total industrial production, capacity, and utilization

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

 Research (NBER). 

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

 55

 60

 65

 70

 80

 90

100

110

120

130

140

Capacity

Production

Revised

Earlier

Ratio scale, 2007 output = 100

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

62

66

70

74

78

82

86

Utilization

Percent of capacity

10
2. Manufacturing industrial production, capacity, and utilization

 Notes: The shaded areas represent periods of business recession as defined by the NBER. 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 2012 2014

 50

 55

 60

 65

 70

 80

 90

100

110

120

130

140

Capacity

Production

Revised

Earlier

Ratio scale, 2007 output = 100

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

62

66

70

74

78

82

86

Utilization

Percent of capacity

11
 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 represent periods of business recession as defined by the NBER. 

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

 55

 60

 65

 70

 75

 80

 85

 90

 95

 100

 105

Excluding

high-technology

industries

Total IP

 Industrial production Ratio scale, 2007 output = 100 

1990 1995 2000 2005 2010

 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 2010 2012 2014

 -20

 -15

 -10

 -5

 0

 5

 10

 15

Total IP

Excluding the

contribution

of high-technology

industries

 Industrial production Percent change from year earlier 

2006 2008 2010 2012 2014

 40

 60

 80

 100

 150

 200

 250

 300

 350

Computers

Communications

 eq. Semiconductors

 Industrial production Ratio scale, 2007 = 100 

12
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

4. Consumer goods

Total Ratio scale, 2007 output = 100

 60

 70

 80

 90

100

110

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Components of consumer goods Ratio scale, 2007 output = 100

 45

 65

 85

105

125

Durable

Nondurable

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

Revised durable

Revised nondurable

Earlier

Detail: 2011 to present

80

85

90

95

100

2011 2012 2013 2014

Detail: 2011 to present

65

70

75

80

85

90

95

100

105

2011 2012 2013 2014

13
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

5. Equipment

Total Ratio scale, 2007 output = 100

 30

 50

 70

 90

110

130

 Note: Includes business equipment, defense and space equipment, oil and gas well drilling, and manufactured 

homes.

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Business equipment Ratio scale, 2007 output = 100

 20

 40

 60

 80

100

120

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Defense and space equipment Ratio scale, 2007 output = 100

 60

 80

100

120

140

160

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

Detail: 2011 to present

 75

 85

 95

105

115

2011 2012 2013 2014

Detail: 2011 to present

 75

 85

 95

105

115

2011 2012 2013 2014

14
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

6. Nonindustrial supplies

Total Ratio scale, 2007 output = 100

 50

 70

 90

110

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Construction supplies Ratio scale, 2007 output = 100

 50

 70

 90

110

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Business supplies Ratio scale, 2007 output = 100

 50

 70

 90

110

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

Detail: 2011 to present

 75

 80

 85

 90

 95

2011 2012 2013 2014

Detail: 2011 to present

 65

 70

 75

 80

 85

 90

2011 2012 2013 2014

Detail: 2011 to present

 80

 85

 90

 95

100

2011 2012 2013 2014

15
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

7. Industrial materials

Total Ratio scale, 2007 output = 100

 50

 70

 90

120

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Energy materials Ratio scale, 2007 output = 100

 60

 80

100

130

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Non-energy materials Ratio scale, 2007 output = 100

 40

 60

 80

100

130

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

Detail: 2011 to present

80

85

90

95

100

105

110

2011 2012 2013 2014

16
8. Capacity utilization by stage of process

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

 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 2010 2012 2014

60

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 2010 2012 2014

60

65

70

75

80

85

90

Finished processing

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

Capacity utilization Percent of capacity

17
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)

1984 2.0 .5 .5 .6 .5 .3 .3 .1 -.2 -.1 .4 .1 12.3 6.3 2.9 .3 8.9

1985 -.2 .4 .1 -.3 .1 .1 -.7 .4 .4 -.4 .3 1.0 1.1 .4 -.7 2.4 1.2

1986 .5 -.7 -.6 .1 .2 -.3 .6 -.2 .2 .4 .5 .9 2.4 -2.3 1.6 4.5 1.0

1987 -.3 1.3 .2 .6 .7 .5 .7 .8 .3 1.5 .5 .5 5.4 7.2 7.5 10.2 5.2

1988 .0 .4 .2 .5 -.1 .3 .0 .5 -.3 .5 .2 .5 3.7 3.4 1.6 2.9 5.2

1989 .3 -.4 .3 .1 -.7 .1 -1.0 .9 -.3 -.1 .3 .6 1.8 -1.4 -2.6 1.6 .9

1990 -.6 .9 .5 -.1 .2 .3 -.1 .3 .2 -.8 -1.2 -.7 2.7 3.2 1.6 -6.1 1.0

1991 -.5 -.7 -.5 .2 1.0 .9 .0 .1 .9 -.2 -.1 -.4 -7.4 2.5 5.5 .8 -1.5

1992 -.6 .7 .9 .7 .3 .0 .9 -.5 .2 .8 .4 .1 -.5 7.2 3.0 4.3 2.8

1993 .5 .4 .0 .3 -.4 .2 .3 -.1 .5 .8 .4 .5 3.6 .8 1.6 6.2 3.3

1994 .4 .0 1.0 .5 .6 .7 .2 .6 .4 .8 .6 1.0 5.1 7.5 5.3 8.4 5.3

1995 .2 -.1 .1 .0 .3 .4 -.4 1.3 .4 -.1 .2 .4 4.4 1.5 3.9 3.4 4.7

1996 -.7 1.6 -.1 .9 .7 .8 -.2 .6 .6 -.1 .9 .6 2.7 8.5 5.0 5.5 4.4

1997 .2 1.2 .7 .1 .6 .5 .9 1.0 .9 .9 .9 .3 7.9 6.3 9.8 10.5 7.2

1998 .5 .1 .1 .3 .6 -.7 -.4 2.1 -.3 .8 .0 .4 4.5 2.5 2.8 5.6 5.8

1999 .5 .5 .2 .2 .8 -.2 .6 .4 -.4 1.3 .5 .8 4.3 3.8 3.8 7.5 4.3

2000 .0 .3 .4 .7 .2 .1 -.1 -.3 .4 -.3 .0 -.3 4.3 5.3 -.4 -1.2 4.0

2001 -.7 -.6 -.3 -.3 -.7 -.7 -.5 -.2 -.4 -.5 -.5 .0 -5.6 -5.5 -5.7 -4.5 -3.4

2002 .6 .0 .8 .5 .4 1.0 -.2 .0 .1 -.3 .5 -.5 2.9 6.5 2.4 -.2 .2

2003 .7 .3 -.2 -.8 .0 .0 .6 -.3 .6 .1 .8 -.1 2.6 -3.1 2.7 3.4 1.2

2004 .3 .5 -.5 .4 .8 -.8 .8 .0 .1 1.0 .2 .7 2.5 1.8 2.1 5.7 2.3

2005 .5 .6 -.1 .1 .2 .4 -.2 .2 -2.0 1.3 1.0 .6 5.7 2.2 -1.7 3.4 3.2

2006 .1 .0 .3 .4 -.1 .4 .0 .3 -.2 .0 -.1 1.0 3.8 2.4 1.6 .8 2.2

2007 -.5 1.1 .1 .7 .0 .0 .0 .1 .4 -.5 .6 .0 3.7 4.9 1.1 .7 2.5

2008 -.2 -.3 -.3 -.7 -.5 -.2 -.5 -1.5 -4.2 .8 -1.3 -2.8 -1.4 -5.3 -12.1 -16.0 -3.4

2009 -2.2 -.7 -1.5 -.8 -1.1 -.4 1.0 1.0 .7 .4 .4 .3 -20.0 -10.8 5.2 6.3 -11.3

2010 1.2 .3 .8 .4 1.6 .2 .6 .3 .3 -.3 .2 .8 8.3 8.7 6.5 1.5 5.7

2011 .0 -.6 1.0 -.5 .3 .2 .6 .5 .1 .5 .1 .4 2.5 1.2 5.2 3.9 3.3

2012 .9 .4 -.4 .8 .3 .1 .6 -.6 .3 -.1 1.0 .1 5.2 3.8 1.6 2.4 3.8

2013 .1 .6 .4 -.2 .1 .2 -.2 .6 .7 .2 .6 .0 4.2 1.9 2.5 4.9 2.9

2014 -.1 .6

IP (2007=100)

1984 53.0 53.2 53.5 53.8 54.1 54.2 54.4 54.5 54.4 54.3 54.5 54.6 53.2 54.0 54.4 54.5 54.0

1985 54.4 54.7 54.7 54.6 54.7 54.7 54.3 54.6 54.8 54.6 54.8 55.3 54.6 54.7 54.6 54.9 54.7

1986 55.6 55.2 54.9 54.9 55.0 54.8 55.2 55.0 55.2 55.4 55.7 56.1 55.2 54.9 55.1 55.7 55.2

1987 56.0 56.7 56.8 57.1 57.5 57.8 58.2 58.6 58.8 59.6 60.0 60.3 56.5 57.5 58.5 59.9 58.1

1988 60.3 60.5 60.7 61.0 60.9 61.1 61.1 61.4 61.2 61.5 61.6 61.9 60.5 61.0 61.2 61.7 61.1

1989 62.1 61.8 62.0 62.0 61.6 61.6 61.0 61.6 61.4 61.3 61.5 61.9 61.9 61.7 61.3 61.6 61.6

1990 61.5 62.1 62.4 62.3 62.4 62.6 62.6 62.7 62.9 62.4 61.6 61.2 62.0 62.5 62.7 61.7 62.2

1991 60.9 60.5 60.2 60.3 60.9 61.5 61.5 61.6 62.1 62.0 61.9 61.7 60.6 60.9 61.7 61.9 61.3

1992 61.3 61.8 62.3 62.7 62.9 62.9 63.5 63.2 63.3 63.8 64.1 64.1 61.8 62.9 63.3 64.0 63.0

1993 64.4 64.7 64.7 64.8 64.6 64.7 64.9 64.9 65.2 65.7 65.9 66.3 64.6 64.7 65.0 66.0 65.1

1994 66.6 66.6 67.3 67.6 68.0 68.5 68.6 69.0 69.2 69.8 70.2 70.9 66.8 68.0 68.9 70.3 68.5

1995 71.1 71.0 71.1 71.1 71.3 71.6 71.3 72.2 72.5 72.4 72.6 72.9 71.1 71.3 72.0 72.6 71.8

1996 72.4 73.5 73.4 74.1 74.6 75.2 75.1 75.5 76.0 76.0 76.6 77.1 73.1 74.6 75.5 76.5 74.9

1997 77.2 78.1 78.7 78.7 79.2 79.6 80.3 81.1 81.8 82.6 83.3 83.5 78.0 79.2 81.1 83.1 80.4

1998 84.0 84.0 84.1 84.4 84.9 84.4 84.1 85.8 85.6 86.2 86.2 86.5 84.0 84.6 85.1 86.3 85.0

1999 86.9 87.3 87.5 87.6 88.3 88.2 88.7 89.1 88.8 90.0 90.4 91.1 87.2 88.0 88.9 90.5 88.7

2000 91.1 91.4 91.8 92.5 92.7 92.7 92.6 92.3 92.7 92.3 92.3 92.1 91.4 92.6 92.5 92.3 92.2

2001 91.4 90.8 90.6 90.3 89.6 89.0 88.6 88.4 88.1 87.6 87.2 87.2 90.9 89.7 88.3 87.3 89.1

2002 87.7 87.7 88.4 88.8 89.2 90.0 89.8 89.9 89.9 89.7 90.1 89.7 88.0 89.4 89.9 89.8 89.3

2003 90.3 90.5 90.4 89.7 89.7 89.7 90.3 90.0 90.5 90.6 91.3 91.2 90.4 89.7 90.3 91.0 90.4

2004 91.4 91.9 91.4 91.8 92.5 91.7 92.5 92.5 92.5 93.4 93.6 94.3 91.6 92.0 92.5 93.8 92.5

2005 94.7 95.3 95.2 95.4 95.5 95.9 95.7 95.9 94.0 95.2 96.1 96.7 95.1 95.6 95.2 96.0 95.5

2006 96.8 96.8 97.1 97.4 97.3 97.7 97.7 98.0 97.8 97.8 97.7 98.6 96.9 97.5 97.8 98.0 97.6

2007 98.2 99.2 99.4 100.1 100.1 100.1 100.2 100.3 100.7 100.2 100.8 100.7 98.9 100.1 100.4 100.6 100.0

2008 100.5 100.2 100.0 99.2 98.8 98.6 98.1 96.6 92.5 93.3 92.1 89.5 100.2 98.9 95.7 91.6 96.6

2009 87.5 86.9 85.6 84.9 84.0 83.7 84.6 85.4 86.0 86.3 86.6 86.9 86.7 84.2 85.3 86.6 85.7

2010 88.0 88.2 88.9 89.2 90.6 90.8 91.4 91.7 91.9 91.6 91.8 92.6 88.4 90.2 91.7 92.0 90.6

2011 92.6 92.1 93.0 92.6 92.9 93.1 93.7 94.1 94.2 94.7 94.8 95.2 92.6 92.9 94.0 94.9 93.6

2012 96.0 96.4 96.0 96.8 97.1 97.2 97.7 97.1 97.4 97.3 98.3 98.4 96.1 97.0 97.4 98.0 97.1

2013 98.4 99.0 99.5 99.3 99.4 99.6 99.4 100.0 100.7 100.9 101.4 101.5 99.0 99.4 100.1 101.3 99.9

2014 101.3 102.0

NOTE: Estimates from October 2013 through February 2014 are subject to further revision in the upcoming monthly releases.

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

18
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

2007 output)

1984 66.5 66.6 66.7 66.8 66.9 67.1 67.2 67.3 67.5 67.7 67.8 68.0 66.6 66.9 67.4 67.8 67.2

1985 68.2 68.3 68.5 68.7 68.8 69.0 69.2 69.3 69.4 69.5 69.7 69.8 68.3 68.8 69.3 69.6 69.0

1986 69.8 69.9 70.0 70.1 70.1 70.2 70.3 70.3 70.4 70.5 70.6 70.7 69.9 70.1 70.3 70.6 70.2

1987 70.8 70.9 71.1 71.2 71.4 71.5 71.6 71.8 71.9 72.0 72.1 72.2 70.9 71.4 71.8 72.1 71.5

1988 72.2 72.3 72.3 72.4 72.4 72.4 72.4 72.5 72.5 72.6 72.6 72.7 72.3 72.4 72.5 72.6 72.4

1989 72.8 72.9 73.0 73.1 73.3 73.4 73.6 73.8 73.9 74.1 74.3 74.4 72.9 73.3 73.8 74.3 73.6

1990 74.6 74.8 74.9 75.1 75.2 75.4 75.5 75.7 75.8 75.9 76.1 76.2 74.8 75.2 75.7 76.0 75.4

1991 76.3 76.4 76.5 76.6 76.6 76.7 76.8 76.9 76.9 77.0 77.1 77.2 76.4 76.6 76.9 77.1 76.7

1992 77.3 77.4 77.6 77.7 77.9 78.1 78.3 78.4 78.6 78.8 79.0 79.1 77.4 77.9 78.4 79.0 78.2

1993 79.3 79.4 79.5 79.6 79.7 79.8 79.9 80.0 80.1 80.2 80.4 80.5 79.4 79.7 80.0 80.4 79.9

1994 80.7 80.9 81.1 81.3 81.5 81.8 82.0 82.3 82.6 82.9 83.2 83.5 80.9 81.5 82.3 83.2 82.0

1995 83.8 84.1 84.4 84.7 85.0 85.3 85.7 86.0 86.3 86.7 87.0 87.4 84.1 85.0 86.0 87.0 85.5

1996 87.7 88.1 88.5 88.9 89.3 89.7 90.1 90.5 90.9 91.3 91.8 92.2 88.1 89.3 90.5 91.8 89.9

1997 92.7 93.2 93.6 94.1 94.7 95.2 95.8 96.3 96.9 97.6 98.2 98.8 93.2 94.7 96.3 98.2 95.6

1998 99.5 100.2 100.8 101.5 102.1 102.7 103.3 103.8 104.3 104.8 105.3 105.8 100.2 102.1 103.8 105.3 102.8

1999 106.3 106.7 107.2 107.6 108.0 108.4 108.8 109.2 109.6 110.0 110.4 110.8 106.7 108.0 109.2 110.4 108.6

2000 111.2 111.6 112.0 112.4 112.8 113.2 113.6 113.9 114.3 114.6 115.0 115.3 111.6 112.8 113.9 114.9 113.3

2001 115.6 115.9 116.2 116.5 116.8 117.1 117.4 117.7 117.9 118.1 118.4 118.6 115.9 116.8 117.7 118.4 117.2

2002 118.7 118.9 119.0 119.1 119.2 119.2 119.3 119.3 119.3 119.3 119.2 119.2 118.9 119.2 119.3 119.2 119.1

2003 119.2 119.1 119.1 119.0 119.0 119.0 118.9 118.9 118.9 118.9 118.8 118.8 119.1 119.0 118.9 118.8 119.0

2004 118.8 118.7 118.7 118.6 118.6 118.5 118.5 118.5 118.5 118.5 118.5 118.6 118.7 118.6 118.5 118.5 118.6

2005 118.7 118.8 118.9 119.0 119.2 119.4 119.5 119.7 119.9 120.1 120.3 120.4 118.8 119.2 119.7 120.3 119.5

2006 120.6 120.8 121.0 121.1 121.3 121.5 121.7 121.9 122.1 122.4 122.6 122.9 120.8 121.3 121.9 122.6 121.7

2007 123.1 123.4 123.6 123.9 124.1 124.3 124.4 124.5 124.6 124.6 124.6 124.6 123.4 124.1 124.5 124.6 124.1

2008 124.6 124.5 124.5 124.4 124.3 124.3 124.3 124.4 124.5 124.6 124.7 124.8 124.5 124.4 124.4 124.7 124.5

2009 124.9 125.0 125.0 125.1 125.1 125.1 125.0 124.9 124.8 124.6 124.4 124.1 125.0 125.1 124.9 124.4 124.8

2010 123.9 123.6 123.4 123.1 122.9 122.6 122.4 122.2 122.1 122.0 121.9 121.9 123.6 122.9 122.2 121.9 122.7

2011 121.9 121.9 122.0 122.1 122.2 122.4 122.6 122.8 123.1 123.4 123.6 123.9 121.9 122.2 122.8 123.6 122.7

2012 124.2 124.5 124.8 125.1 125.4 125.7 125.9 126.2 126.4 126.6 126.8 127.0 124.5 125.4 126.2 126.8 125.7

2013 127.2 127.3 127.5 127.7 127.9 128.0 128.2 128.5 128.7 128.9 129.2 129.4 127.3 127.9 128.5 129.2 128.2

2014 129.7 130.0

Utilization (percent)

1984 79.6 79.9 80.2 80.5 80.8 80.9 81.0 80.9 80.6 80.3 80.4 80.3 79.9 80.7 80.8 80.3 80.4

1985 79.9 80.0 79.9 79.5 79.4 79.3 78.6 78.8 79.0 78.5 78.6 79.3 79.9 79.4 78.8 78.8 79.2

1986 79.6 79.0 78.4 78.3 78.4 78.1 78.5 78.3 78.3 78.6 78.8 79.4 79.0 78.3 78.4 78.9 78.6

1987 79.0 79.9 79.9 80.2 80.6 80.8 81.2 81.7 81.8 82.8 83.2 83.5 79.6 80.5 81.5 83.2 81.2

1988 83.5 83.7 83.9 84.3 84.2 84.3 84.4 84.7 84.4 84.8 84.8 85.1 83.7 84.3 84.5 84.9 84.3

1989 85.3 84.8 84.9 84.8 84.0 83.9 82.9 83.5 83.0 82.8 82.8 83.1 85.0 84.2 83.1 82.9 83.8

1990 82.4 83.0 83.3 83.0 83.0 83.1 82.8 82.9 82.9 82.2 81.0 80.4 82.9 83.0 82.9 81.2 82.5

1991 79.9 79.3 78.7 78.8 79.5 80.2 80.1 80.1 80.7 80.5 80.3 79.9 79.3 79.5 80.3 80.2 79.8

1992 79.3 79.8 80.3 80.7 80.8 80.6 81.1 80.6 80.6 81.0 81.2 81.1 79.8 80.7 80.7 81.1 80.6

1993 81.3 81.5 81.3 81.4 81.0 81.1 81.2 81.1 81.3 81.8 82.0 82.3 81.3 81.2 81.2 82.1 81.4

1994 82.5 82.3 83.0 83.2 83.4 83.7 83.6 83.8 83.8 84.2 84.4 85.0 82.6 83.4 83.7 84.5 83.6

1995 84.8 84.4 84.3 83.9 83.9 83.9 83.2 84.0 84.0 83.6 83.4 83.4 84.5 83.9 83.8 83.5 83.9

1996 82.5 83.4 83.0 83.3 83.6 83.9 83.3 83.5 83.6 83.2 83.5 83.6 83.0 83.6 83.5 83.4 83.4

1997 83.3 83.9 84.0 83.6 83.7 83.6 83.9 84.2 84.4 84.6 84.8 84.5 83.7 83.7 84.2 84.7 84.1

1998 84.4 83.9 83.4 83.2 83.2 82.2 81.4 82.6 82.0 82.3 81.8 81.8 83.9 82.8 82.0 81.9 82.7

1999 81.8 81.8 81.6 81.5 81.8 81.4 81.6 81.6 81.0 81.8 81.9 82.2 81.7 81.5 81.4 81.9 81.7

2000 81.9 81.9 81.9 82.2 82.1 81.9 81.6 81.0 81.1 80.6 80.3 79.9 81.9 82.1 81.2 80.3 81.4

2001 79.1 78.3 77.9 77.5 76.7 76.0 75.4 75.1 74.7 74.2 73.6 73.5 78.4 76.7 75.1 73.8 76.0

2002 73.9 73.8 74.3 74.6 74.8 75.5 75.3 75.3 75.4 75.2 75.6 75.2 74.0 75.0 75.3 75.3 74.9

2003 75.8 76.0 75.9 75.3 75.4 75.4 75.9 75.7 76.2 76.2 76.8 76.8 75.9 75.4 75.9 76.6 75.9

2004 77.0 77.4 77.1 77.4 78.0 77.4 78.0 78.1 78.1 78.9 79.0 79.5 77.2 77.6 78.1 79.1 78.0

2005 79.8 80.3 80.1 80.1 80.2 80.4 80.1 80.1 78.4 79.3 79.9 80.3 80.1 80.2 79.5 79.8 79.9

2006 80.2 80.2 80.3 80.4 80.2 80.4 80.3 80.4 80.1 79.9 79.7 80.3 80.2 80.4 80.3 80.0 80.2

2007 79.7 80.4 80.4 80.8 80.7 80.6 80.5 80.5 80.8 80.4 80.8 80.8 80.2 80.7 80.6 80.7 80.5

2008 80.7 80.5 80.3 79.8 79.4 79.3 78.9 77.7 74.3 74.9 73.9 71.7 80.5 79.5 77.0 73.5 77.6

2009 70.1 69.5 68.5 67.9 67.2 66.9 67.6 68.3 68.9 69.3 69.7 70.0 69.4 67.3 68.3 69.7 68.7

2010 71.0 71.4 72.1 72.5 73.8 74.1 74.7 75.0 75.3 75.1 75.3 76.0 71.5 73.5 75.0 75.5 73.8

2011 76.0 75.6 76.3 75.8 76.0 76.1 76.4 76.6 76.6 76.8 76.7 76.8 75.9 76.0 76.5 76.8 76.3

2012 77.3 77.4 76.9 77.4 77.4 77.3 77.6 77.0 77.0 76.9 77.5 77.5 77.2 77.4 77.2 77.3 77.3

2013 77.4 77.8 78.0 77.8 77.8 77.8 77.5 77.8 78.3 78.2 78.5 78.4 77.7 77.8 77.9 78.4 77.9

2014 78.1 78.4

NOTE: Estimates from October 2013 through February 2014 are subject to further revision in the upcoming monthly releases.

19
Table 2

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY: 2009–131

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Total IP -5.5 6.2 3.2 3.2 3.4 .0 .0 -.1 .5 .1

MARKET GROUPS

Final products and nonindustrial supplies -6.3 3.7 2.3 2.7 3.2 .0 .0 -.1 .1 .1

Consumer goods -3.1 .3 2.0 1.6 3.2 .0 .0 .1 .2 .1

Durable -3.8 2.3 8.0 6.2 9.0 .0 -.1 .1 -.2 .6

Automotive products 7.7 .5 15.1 6.6 11.3 -.1 -.1 .4 -.5 .7

Home electronics -32.8 -21.1 5.2 -2.5 4.5 -.2 -1.1 -.4 -.7 3.9

Appliances, furniture, carpeting -15.8 .7 1.3 3.7 7.2 .0 .0 .1 .4 .2

Miscellaneous goods -10.5 8.0 .8 7.5 6.7 .0 .0 -.2 .2 .5

Nondurable -3.0 -.3 .5 .4 1.6 .0 .0 .0 .3 .0

Non-energy -3.7 -.8 1.1 .2 .2 .0 .0 .1 .3 .0

Foods and tobacco -.7 .7 .9 3.1 .7 .0 .0 .2 .8 .0

Clothing -27.2 11.4 -7.8 -1.5 6.3 .1 .0 .1 .9 .4

Chemical products -7.1 -2.9 2.6 -3.8 -.4 -.1 .2 -.4 -.8 .0

Paper products -5.6 -4.4 -.3 -6.3 -3.0 .1 -.4 1.1 1.9 -.4

Energy -.6 1.3 -1.2 1.0 5.7 .0 -.1 -.1 .3 .0

Business equipment -9.9 12.0 4.6 6.6 3.5 -.2 .0 -.4 -.6 .3

Transit 12.8 11.0 7.1 14.6 3.6 -.4 -.4 .6 .9 1.0

Information processing -8.1 3.6 .9 6.3 4.0 .0 .1 -.5 -1.5 .2

Industrial and other -17.3 16.4 5.3 3.7 3.2 -.2 .0 -.8 -.9 .1

Defense and space equipment -.6 5.1 -.5 4.6 1.8 .2 .5 -.3 -.2 .0

Construction supplies -16.6 8.1 2.5 3.8 5.0 .0 .0 -.2 -.3 -.3

Business supplies -5.7 2.3 .5 2.1 3.0 .0 .0 -.2 .7 -.1

Materials -4.4 9.4 4.1 3.8 3.5 .0 .0 -.2 .9 .0

Non-energy -6.0 11.6 3.7 4.5 2.8 .1 .0 -.3 1.5 .1

Durable -10.5 18.3 7.1 6.1 4.5 .0 .0 -.4 2.2 .2

Consumer parts -12.3 28.4 5.2 8.6 6.4 -.2 .6 -1.3 -4.5 2.3

Equipment parts -8.0 23.6 11.8 8.2 4.6 .1 -.2 -.3 6.4 .0

Other -12.1 11.6 4.1 3.8 3.8 -.1 -.1 -.2 1.0 -.2

Nondurable 1.0 2.7 -1.1 2.1 .1 .2 .0 -.1 .3 .0

Textile -4.3 5.2 -2.4 -1.6 1.7 -.2 .3 -1.1 -.5 2.1

Paper -4.9 .8 -1.3 -2.3 -.5 .0 .0 .0 -.1 -.1

Chemical 5.0 5.0 -1.6 4.5 .1 -.1 .0 -.1 .8 .1

Energy -2.0 5.8 4.7 2.6 4.8 .0 -.1 .0 -.1 -.1

INDUSTRY GROUPS

Manufacturing -6.1 6.4 3.1 3.5 2.9 .0 .0 -.2 .6 .1

Manufacturing (NAICS) 31–33 -5.9 7.0 3.3 3.9 3.2 .0 .0 -.2 .6 .1

Durable manufacturing -9.0 12.2 6.0 6.2 5.0 -.1 .0 -.3 .8 .3

Wood products 321 -13.2 4.5 1.0 7.8 8.8 -.4 .3 -.3 .7 .8

Nonmetallic mineral products 327 -18.0 9.4 -.1 2.2 3.3 .0 -.1 .2 .9 -.3

Primary metals 331 -2.7 12.4 8.5 -1.4 3.8 .0 .1 -.3 1.2 .5

Fabricated metal products 332 -18.8 12.8 6.4 5.4 4.8 .0 -.1 .1 -.4 -.4

Machinery 333 -18.9 21.5 8.1 1.8 4.8 .0 .3 -.3 -1.2 .8

Computer and electronic products 334 -1.6 17.6 6.7 12.9 4.7 .1 -.2 -.6 7.4 -.1

Electrical equip., appliances,

and components 335 -18.3 12.6 2.2 4.1 2.4 .2 -.3 -.2 .5 .5

Motor vehicles and parts 3361–3 2.3 15.5 11.3 11.5 9.1 -.2 .3 -.5 -2.3 2.0

Aerospace and miscellaneous

transportation equipment 3364–9 .9 1.5 6.4 5.0 2.4 -.1 .1 .0 .2 .2

Furniture and related products 337 -22.4 4.0 -.1 4.3 4.6 -.8 -1.1 -2.0 1.0 -3.7

Miscellaneous 339 -3.9 3.0 -.5 7.4 6.7 -.1 .1 -.4 -1.0 .7

Nondurable manufacturing -2.5 1.5 .4 1.3 1.2 .0 .0 -.1 .3 -.1

Food, beverage, and tobacco products 311,2 .2 .3 .7 3.3 .9 .2 .0 .2 .8 .0

Textile and product mills 313,4 -10.5 4.2 -.6 -1.0 .8 -.1 .2 -.7 -.5 1.6

Apparel and leather 315,6 -20.1 6.5 -5.1 -1.9 5.9 .1 .0 .1 .7 .4

Paper 322 -1.5 .9 -.4 -2.1 -1.4 .0 .0 .1 .2 -.1

Printing and support 323 -12.6 2.4 -3.7 -2.7 3.1 .0 .2 -.4 -.9 .0

Petroleum and coal products 324 -2.2 .7 3.0 -1.5 1.7 .0 .1 -.3 -.3 -.6

Chemicals 325 -1.3 1.3 .1 1.0 .6 -.1 .1 -.2 .3 -.1

Plastics and rubber products 326 -7.4 7.7 .8 4.9 4.4 .0 .0 .1 .3 -.1

Other manufacturing (non-NAICS) 1133,5111 -10.1 -5.9 -.2 -6.2 -3.3 .1 -.3 .1 1.5 -.2

Mining 21 -5.6 8.6 7.4 4.2 4.9 .0 -.1 -.1 -.1 -.2

Utilities 2211,2 -1.1 2.7 -2.2 .1 4.2 .0 -.1 .0 .0 .1

Electric 2211 -1.4 2.6 -1.7 -.4 3.4 .0 .0 .0 .0 -.3

Natural gas 2212 .2 3.5 -5.8 4.0 10.5 .1 -.2 -.1 .3 2.8

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

specified in the column heading.

20
Table 3

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, SPECIAL AGGREGATES AND SELECTED DETAIL: 2009–131

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Total industry -5.5 6.2 3.2 3.2 3.4 .0 .0 -.1 .5 .1

Energy -2.8 5.0 3.3 1.8 4.7 .0 -.1 .0 .0 -.1

Consumer products -.6 1.3 -1.2 1.0 5.7 .0 -.1 -.1 .3 .0

Commercial products -1.3 1.7 -.2 1.4 4.0 .0 .0 .0 .0 .1

Oil and gas well drilling 213111 -42.3 45.2 21.3 -7.5 -1.2 .0 .0 .0 .1 .0

Converted fuel -.2 3.0 -1.3 .3 1.0 .0 .0 .0 .2 -.5

Primary energy -2.8 6.9 6.6 3.3 5.8 .0 -.2 .0 -.2 .0

Non-energy -6.4 6.6 3.1 3.7 2.9 .0 .0 -.2 .6 .1

Selected high-technology industries 2.1 26.7 8.8 16.9 6.4 .3 -.5 -.8 14.6 .0

Computers and peripheral equipment 3341 -19.8 -15.2 -20.0 2.6 14.3 .0 .1 -1.6 -1.0 8.5

Communications equipment 3342 -9.6 3.3 11.2 -1.5 2.3 .1 .1 -.4 -1.1 -.8

Semiconductors and related

electronic components 334412–9 18.4 48.4 13.7 23.9 6.3 .4 -.9 -1.0 21.0 -1.0

Excluding selected high-technology

industries -6.9 5.6 2.8 3.1 2.7 .0 .0 -.2 .0 .1

Motor vehicles and parts 3361–3 2.3 15.5 11.3 11.5 9.1 -.2 .3 -.5 -2.3 2.0

Motor vehicles 3361 9.4 9.7 18.0 12.7 12.0 -.1 -.1 .9 -.6 1.1

Motor vehicle parts 3363 -4.9 23.8 4.8 9.7 5.9 -.2 .8 -1.7 -4.6 2.6

Excluding motor vehicles and parts -7.5 4.9 2.3 2.5 2.3 .0 .0 -.1 .1 .0

Consumer goods -5.4 .0 1.4 1.1 1.2 .0 .0 .1 .3 .0

Business equipment -9.2 11.9 5.4 6.0 3.8 -.2 -.1 -.5 -.6 .1

Construction supplies -16.6 8.2 2.4 3.9 5.0 .0 .0 -.2 -.3 -.3

Business supplies -8.3 .9 .2 1.5 2.3 .0 .0 -.2 .2 -.2

Materials -7.4 7.5 2.8 2.4 2.1 .1 .0 -.1 .3 .0

Measures excluding selected high-technology

industries

Total industry -5.8 5.5 2.9 2.7 3.2 .0 .0 -.1 .0 .0

Manufacturing2

-6.6 5.4 2.8 2.8 2.8 .0 .0 -.1 .0 .1

Durable -10.3 10.7 5.7 5.1 4.9 -.1 .1 -.3 -.5 .3

Measures excluding motor vehicles and parts

Total industry -5.8 5.8 2.8 2.8 3.1 .0 .0 -.1 .6 .0

Manufacturing2

-6.7 5.8 2.7 3.0 2.6 .0 .0 -.1 .8 .0

Durable -10.5 11.7 5.4 5.5 4.5 .0 .0 -.3 1.3 .1

Measures excluding selected high-technology

industries and motor vehicles and parts

Total industry -6.2 4.9 2.6 2.3 3.0 .0 .0 -.1 .1 .0

Manufacturing2

-7.2 4.7 2.3 2.3 2.4 .0 .0 -.1 .1 .0

Stage-of-process components

of non-energy materials,

measures of the input to

Finished processors -8.1 18.8 7.3 6.0 4.0 .0 .1 -.5 2.6 .6

Primary and semifinished processors -4.5 6.9 1.4 3.5 1.9 .1 .0 -.1 .7 -.2

STAGE-OF-PROCESS GROUPS

Crude -.9 6.3 4.6 3.9 3.6 .0 -.1 -.1 .3 -.4

Primary and semifinished -7.1 8.1 2.2 2.6 3.5 .0 .0 -.2 .9 .2

Finished -5.7 3.8 3.7 3.7 3.0 .0 .0 -.1 -.1 .2

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.

21
Table 4

ANNUAL RATES OF CHANGE FOR INDUSTRIAL PRODUCTION: 2009–131

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Total IP -11.3 5.7 3.3 3.8 2.9 .0 .0 .0 .1 .3

MARKET GROUPS

Consumer goods -6.9 1.1 1.5 1.7 2.4 .0 .0 .0 .1 .1

Durable -16.7 7.3 5.0 8.1 7.6 .0 .0 .0 -.2 .4

Nondurable -3.9 -.5 .6 .1 1.0 .0 .0 .0 .2 .1

Business equipment -18.1 8.3 5.6 7.5 3.6 .0 -.1 -.1 -.8 -.1

Defense and space equipment -4.2 7.9 -3.4 4.7 2.4 .1 .4 .2 -.6 .4

Construction supplies -22.9 3.7 3.0 4.6 4.2 .0 .0 .0 -.6 -.2

Business supplies -10.4 2.3 1.0 1.8 2.0 .0 .0 -.1 .4 .3

Materials -11.3 8.8 4.7 4.5 3.2 .0 .0 .0 .4 .5

Non-energy -16.6 11.6 5.3 4.7 2.9 .0 .0 .0 .6 .9

Energy -2.4 4.2 3.8 4.3 3.8 .0 .0 .0 .1 -.1

INDUSTRY GROUPS

Manufacturing2-13.6 6.1 3.4 4.1 2.6 .0 .0 .0 .2 .4

Manufacturing (NAICS) -13.6 6.6 3.6 4.4 2.9 .0 .0 .0 .1 .4

Durable manufacturing -18.6 11.0 6.8 7.3 4.5 .0 .0 .0 .2 .6

Nondurable manufacturing -7.7 2.2 .2 1.2 1.2 .0 .0 .0 .1 .1

Other manufacturing (non-NAICS) -13.7 -5.3 -2.8 -2.0 -5.3 .0 .0 -.7 1.6 .3

Mining -5.4 5.2 6.1 6.3 4.7 .0 .0 .0 .0 -.1

Utilities -2.5 3.6 -.2 -2.1 2.1 .0 .0 .0 .0 .2

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: 2010–141

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2010 2011 2012 2013 2014 2010 2011 2012 2013 2014

Total industry -2.0 1.4 2.6 1.9 3.0 .1 .1 .4 .1 .6

Manufacturing2-1.9 .5 2.2 1.8 2.6 .1 -.1 .6 .2 .7

Manufacturing (NAICS) -2.0 .6 2.4 1.9 2.8 .1 -.1 .6 .2 .8

Durable manufacturing -.6 2.6 4.0 3.1 3.9 .0 .0 1.5 .5 .9

Nondurable manufacturing -3.5 -1.4 .6 .7 1.5 .3 -.2 -.4 -.2 .6

Other manufacturing (non-NAICS) -.7 -.3 -1.2 -1.3 -.5 -1.0 -.5 -.3 .8 -.5

Mining .0 5.9 4.8 4.0 5.8 .9 1.3 .1 -.4 .3

Utilities 1.0 1.8 1.3 .4 1.0 .0 -.2 -.7 -.5 .3

Selected high-technology industries 11.7 25.9 19.0 4.7 10.7 .6 -.6 14.9 -3.0 3.2

Manufacturing2ex. selected

high-technology industries -2.6 -.6 1.4 1.7 2.2 .0 -.1 -.1 .5 .6

STAGE-OF-PROCESS GROUPS

Crude -.7 4.6 3.5 3.1 4.8 .8 1.2 .3 -.4 .4

Primary and semifinished -1.1 1.0 2.0 .7 2.2 .0 -.4 1.3 .0 .9

Finished -2.1 .5 2.6 2.9 2.9 .1 .1 -.7 .4 .4

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.

22
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 2013 2010 2011 2012 2013 2010 2011 2012 2013

Ave. Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4

Total industry 80.1 75.5 76.8 77.3 78.4 -.2 -.3 -.3 -.3

Manufacturing178.7 72.7 74.6 75.5 76.4 -.1 -.2 -.2 -.3

Manufacturing (NAICS) 31–33 78.5 73.1 75.0 76.1 77.0 -.1 -.2 -.2 -.3

Durable manufacturing 77.0 71.0 73.3 74.9 76.3 .1 -.1 -.6 -.8

Wood products 321 76.7 57.5 60.4 66.6 72.5 -1.2 -1.0 -.4 .4

Nonmetallic mineral products 327 74.5 51.3 53.4 56.3 59.6 -.6 -.5 .0 -.3

Primary metals 331 79.0 70.9 76.0 75.1 77.2 .1 .2 1.1 .0

Fabricated metal products 332 77.5 75.0 79.7 80.3 80.9 .2 .4 -2.7 -6.1

Machinery 333 78.1 75.7 79.5 77.9 78.7 .4 -1.1 -2.2 -2.6

Computer and electronic products 334 78.0 79.7 73.7 73.9 73.6 .2 -.1 -.7 .9

Electrical equip., appliances,

and components 335 82.6 77.3 80.3 82.7 83.3 .0 .0 .7 1.2

Motor vehicles and parts 3361–3 75.0 60.8 67.4 72.8 78.3 -.2 -.5 -1.1 .9

Aerospace and miscellaneous

transportation equipment 3364–9 73.4 71.6 73.5 75.6 75.5 1.3 1.6 2.1 2.5

Furniture and related products 337 76.5 63.7 65.7 70.3 73.9 .2 -1.1 -.4 -3.2

Miscellaneous 339 76.0 75.4 75.2 77.1 75.8 -.2 -.2 -.7 -2.8

Nondurable manufacturing 80.7 75.6 76.9 77.5 77.8 -.4 -.3 .2 .3

Food, beverage, and tobacco products 311,2 81.0 76.9 78.4 80.4 80.0 -.1 -.5 .0 -.1

Textile and product mills 313,4 79.6 64.3 66.4 68.0 70.4 -.7 -.9 -2.1 -2.1

Apparel and leather 315,6 77.5 67.2 66.6 68.2 75.0 -1.5 -.6 1.0 .5

Paper 322 86.7 82.3 82.1 82.5 82.4 .1 .5 1.2 1.1

Printing and support 323 80.7 66.6 66.4 67.0 70.8 -.3 .6 1.0 .9

Petroleum and coal products 324 85.5 82.5 85.1 82.1 83.1 -.4 -.1 -1.2 -.4

Chemicals 325 77.6 74.6 75.7 75.6 75.2 -.6 -.5 .5 .7

Plastics and rubber products 326 82.0 71.7 72.4 74.8 76.5 -1.0 -.2 .9 1.7

Other manufacturing (non-NAICS) 1133,5111 81.7 65.9 66.0 62.6 61.3 -.5 .0 1.1 .5

Mining 21 87.3 86.2 87.4 86.9 87.7 -.3 -1.5 -1.6 -1.5

Utilities 2211,2 86.1 82.6 79.3 78.4 81.3 -.1 .0 .6 1.0

Selected high-technology industries 77.9 83.5 72.3 71.0 72.2 .0 -.3 -.3 1.7

Computers and peripheral equipment 3341 78.2 90.9 72.0 69.7 69.4 .0 1.4 1.9 -4.8

Communications equipment 3342 76.7 80.7 77.0 76.6 78.1 -.2 .0 -1.1 -1.4

Semiconductors and related

electronic components 334412–9 79.7 83.2 71.1 70.0 71.5 .1 -.6 -.5 3.4

Measures excluding selected high-technology

industries

Total industry 80.3 75.2 76.9 77.5 78.6 -.2 -.3 -.2 -.4

Manufacturing178.7 72.3 74.7 75.8 76.6 -.1 -.2 -.2 -.4

STAGE-OF-PROCESS GROUPS

Crude 86.3 85.2 85.7 85.7 86.0 -.3 -1.3 -1.4 -1.3

Primary and semifinished 80.8 73.7 74.5 75.0 77.2 -.3 -.1 -.4 -.3

Finished 77.1 73.3 75.4 76.2 76.1 .1 -.1 .3 .2

1. See footnote 2 to table 3.

23
Table 7

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, 2009–13

NAICS 2009 2010 2011 2012 2013

Item code H1 H2 H1 H2 H1 H2 H1 H2 H1 H2

Total IP -15.5 5.7 8.5 4.0 1.8 4.5 4.5 2.0 3.0 3.7

MARKET GROUPS

Final products and nonindustrial supplies -15.5 3.8 5.3 2.1 1.1 3.6 4.4 1.1 3.1 3.3

Consumer goods -10.2 4.5 -.1 .7 1.5 2.5 2.3 1.0 3.2 3.1

Durable -25.6 24.4 3.4 1.2 3.6 12.6 8.7 3.8 10.2 7.9

Automotive products -28.3 61.8 -1.0 2.1 5.4 25.6 10.2 3.1 13.1 9.5

Home electronics -5.6 -52.2 -34.9 -4.2 14.1 -3.0 -.8 -4.3 7.2 2.0

Appliances, furniture, carpeting -25.6 -4.6 6.8 -5.0 -.3 2.9 5.5 1.9 5.4 9.0

Miscellaneous goods -24.3 5.9 14.6 1.7 1.2 .4 8.5 6.4 8.1 5.3

Nondurable -5.6 -.2 -1.1 .5 1.0 .0 .6 .2 1.3 1.8

Non-energy -6.6 -.7 -1.4 -.1 .9 1.3 1.1 -.7 .2 .2

Foods and tobacco -1.4 .0 .5 .9 -.3 2.2 4.7 1.6 .4 .9

Clothing -41.8 -8.9 16.8 6.2 -7.6 -8.0 1.4 -4.4 3.6 9.0

Chemical products -10.3 -3.8 -4.1 -1.7 5.9 -.5 -4.0 -3.6 1.3 -2.0

Paper products -13.9 3.6 -6.9 -1.9 -4.5 4.2 -6.1 -6.4 -5.5 -.5

Energy -2.4 1.2 .0 2.6 1.1 -3.5 -.7 2.7 4.6 6.7

Business equipment -21.6 3.6 15.8 8.2 1.7 7.6 10.5 2.9 4.1 2.8

Transit -1.0 28.5 18.7 3.9 -3.1 18.4 18.2 11.1 4.8 2.3

Information processing -10.3 -5.8 8.0 -.5 -2.5 4.4 8.5 4.2 2.6 5.4

Industrial and other -32.0 .6 18.7 14.2 5.4 5.1 8.4 -.8 4.4 2.1

Defense and space equipment -7.8 7.2 15.8 -4.7 -6.8 6.2 2.9 6.3 .2 3.4

Construction supplies -29.0 -1.9 13.5 3.1 .4 4.6 6.6 1.2 4.7 5.3

Business supplies -13.5 2.8 3.5 1.2 .3 .7 4.3 .0 2.5 3.5

Materials -15.6 8.3 12.7 6.2 2.7 5.5 4.6 2.9 2.9 4.1

Non-energy -21.3 12.4 16.5 6.9 2.9 4.6 5.7 3.4 1.9 3.6

Durable -30.7 15.5 25.7 11.4 7.1 7.1 9.1 3.2 2.8 6.2

Consumer parts -46.8 44.5 42.7 15.5 -.4 11.1 12.6 4.8 4.5 8.3

Equipment parts -23.8 11.1 27.8 19.6 12.4 11.2 14.5 2.1 3.6 5.7

Other -31.0 12.0 19.3 4.4 5.3 2.9 4.0 3.5 1.6 5.9

Nondurable -5.9 8.5 4.8 .6 -3.1 1.0 .5 3.7 .7 -.4

Textile -22.6 18.2 9.3 1.3 -2.0 -2.8 3.7 -6.6 -.1 3.6

Paper -15.2 6.7 1.6 .1 -.6 -2.0 -2.2 -2.3 1.5 -2.4

Chemical -3.8 14.6 9.8 .4 -4.9 1.7 .9 8.3 .9 -.6

Energy -5.7 1.8 6.5 5.1 2.5 7.0 3.0 2.2 4.5 5.0

INDUSTRY GROUPS

Manufacturing2-17.6 6.9 9.2 3.6 1.4 4.8 5.1 1.8 2.8 3.1

Manufacturing (NAICS) 31–33 -17.5 7.3 10.1 4.0 1.7 4.8 5.5 2.3 3.1 3.2

Durable manufacturing -25.8 11.6 16.8 7.8 3.8 8.2 9.4 3.0 4.6 5.4

Wood products 321 -27.8 4.4 12.2 -2.7 .6 1.3 7.5 8.1 6.2 11.4

Nonmetallic mineral products 327 -29.7 -4.4 14.6 4.5 .5 -.6 3.5 1.0 4.3 2.4

Primary metals 331 -38.1 52.8 25.0 1.0 7.2 9.8 -1.8 -1.1 .7 6.9

Fabricated metal products 332 -34.4 .7 15.0 10.7 6.8 6.0 9.9 1.2 3.6 6.0

Machinery 333 -35.4 1.8 25.0 18.1 7.7 8.6 9.8 -5.7 4.9 4.8

Computer and electronic products 334 -9.4 6.8 23.7 11.8 6.4 7.0 15.4 10.5 4.6 4.9

Selected high-technology industries -8.1 13.5 34.9 19.0 11.4 6.4 19.3 14.5 6.3 6.6

Computers and peripheral equipment 3341 -10.2 -28.4 -12.0 -18.3 -17.7 -22.2 6.4 -1.1 12.1 16.6

Communications equipment 3342 -9.5 -9.7 2.8 3.9 11.5 10.8 -2.4 -.6 -.9 5.7

Semiconductors and related

electronic components 334412–9 -6.7 50.4 65.0 33.5 17.4 10.2 27.1 20.7 7.1 5.5

Electrical equip., appliances,

and components 335 -29.4 -5.4 13.8 11.4 2.5 1.9 4.3 3.8 1.4 3.5

Motor vehicles and parts 3361–3 -45.6 92.4 21.0 10.3 1.0 22.6 18.1 5.3 9.4 8.8

Aerospace and miscellaneous

transportation equipment 3364–9 3.3 -1.5 6.5 -3.3 -1.3 14.6 4.9 5.1 3.3 1.4

Furniture and related products 337 -36.3 -5.5 4.0 4.1 2.5 -2.7 7.6 1.0 6.9 2.4

Miscellaneous 339 -13.3 6.5 5.0 1.1 -.8 -.2 9.0 5.7 6.6 6.9

Nondurable manufacturing -7.6 3.0 3.2 -.2 -.5 1.4 1.2 1.4 1.5 .8

Food, beverage, and tobacco products 311,2 .3 .0 -.3 .9 -.8 2.2 4.5 2.1 .5 1.2

Textile and product mills 313,4 -26.4 8.8 9.0 -.4 .3 -1.4 2.2 -4.0 -1.6 3.3

Apparel and leather 315,6 -32.4 -5.5 7.2 5.8 -5.3 -5.0 .6 -4.4 4.1 7.7

Paper 322 -8.8 6.5 2.1 -.4 -.1 -.8 -3.3 -.9 1.2 -3.9

Printing and support 323 -22.7 -1.2 3.2 1.5 -2.1 -5.2 .5 -5.8 2.7 3.6

Petroleum and coal products 324 .2 -4.4 3.2 -1.7 -.7 6.8 -2.5 -.6 1.0 2.4

Chemicals 325 -7.8 5.7 3.8 -1.2 -.3 .5 -.5 2.5 1.7 -.4

Plastics and rubber products 326 -22.9 11.4 14.9 .9 .8 .8 4.8 5.0 5.2 3.5

Other manufacturing (non-NAICS) 1133,5111 -19.3 .1 -8.4 -3.3 -4.6 4.4 -3.1 -9.1 -5.7 -.9

Mining 21 -11.9 1.2 10.4 6.7 6.3 8.6 3.1 5.3 4.2 5.6

Utilities 2211,2 -5.1 3.0 2.5 2.8 -1.3 -3.2 1.9 -1.7 2.8 5.6

NOTE: The data are semiannual. Rates of change are calculated as the annualized percent change in the seasonally adjusted index from the second quarter of the previous half-year to

the second quarter of the half-year specified in the column heading.

1. See footnote 2 to table 3.

24
Table 8

CAPACITY UTILIZATION RATES, BY INDUSTRY GROUPS, 2009–13

Percent of capacity, seasonally adjusted

NAICS 2009 2010 2011 2012 2013

Item code Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4

Total industry 67.3 69.7 73.5 75.5 76.0 76.8 77.4 77.3 77.8 78.4

Manufacturing164.2 67.1 70.8 72.7 73.4 74.6 75.6 75.5 75.9 76.4

Manufacturing (NAICS) 31–33 63.9 67.0 71.0 73.1 73.8 75.0 76.1 76.1 76.6 77.0

Durable manufacturing 59.2 62.9 68.3 71.0 71.7 73.3 75.1 74.9 75.5 76.3

Wood products 321 50.9 53.0 57.1 57.5 58.9 60.4 63.5 66.6 69.0 72.5

Nonmetallic mineral products 327 44.6 44.7 49.1 51.3 52.5 53.4 55.3 56.3 58.3 59.6

Primary metals 331 49.3 61.5 70.0 70.9 73.0 76.0 75.4 75.1 75.1 77.2

Fabricated metal products 332 62.4 64.2 70.3 75.0 77.9 79.7 81.8 80.3 80.0 80.9

Machinery 333 61.1 62.1 69.8 75.7 77.7 79.5 81.7 77.9 78.3 78.7

Computer and electronic products 334 71.1 71.3 77.4 79.7 77.4 73.7 73.6 73.9 73.7 73.6

Selected high-technology industries 74.0 73.6 80.7 83.5 79.7 72.3 70.7 71.0 71.4 72.2

Computers and peripheral equipment 3341 90.5 94.5 98.5 90.9 82.1 72.0 73.2 69.7 68.5 69.4

Communications equipment 3342 84.1 77.7 79.5 80.7 79.2 77.0 74.9 76.6 76.9 78.1

Semiconductors and related

electronic components 334412–9 64.5 67.3 77.7 83.2 79.6 71.1 69.3 70.0 70.8 71.5

Electrical equip., appliances,

and components 335 67.2 66.6 72.3 77.3 79.1 80.3 81.8 82.7 82.6 83.3

Motor vehicles and parts 3361–3 37.3 52.6 58.1 60.8 61.1 67.4 72.1 72.8 75.5 78.3

Aerospace and miscellaneous

transportation equipment 3364–9 73.5 72.1 73.8 71.6 69.8 73.5 74.5 75.6 75.9 75.5

Furniture and related products 337 57.6 58.6 61.4 63.7 65.5 65.7 69.1 70.3 73.1 73.9

Miscellaneous 339 68.3 71.4 74.2 75.4 75.5 75.2 77.3 77.1 76.4 75.8

Nondurable manufacturing 69.5 71.9 74.4 75.6 76.2 76.9 77.2 77.5 77.8 77.8

Food, beverage, and tobacco products 311,2 75.8 75.9 76.0 76.9 77.2 78.4 80.0 80.4 80.1 80.0

Textile and product mills 313,4 54.8 58.8 63.0 64.3 65.7 66.4 68.3 68.0 68.5 70.4

Apparel and leather 315,6 59.1 59.5 63.6 67.2 66.9 66.6 68.3 68.2 71.0 75.0

Paper 322 74.6 79.0 81.6 82.3 82.3 82.1 81.7 82.5 83.7 82.4

Printing and support 323 60.3 62.0 64.9 66.6 67.0 66.4 67.9 67.0 68.9 70.8

Petroleum and coal products 324 78.9 77.2 80.6 82.5 83.1 85.1 83.0 82.1 82.2 83.1

Chemicals 325 66.6 70.5 73.7 74.6 75.3 75.7 75.1 75.6 75.8 75.2

Plastics and rubber products 326 58.8 64.2 70.5 71.7 72.3 72.4 73.6 74.8 76.1 76.5

Other manufacturing (non-NAICS) 1133,5111 69.4 69.5 66.7 65.9 64.5 66.0 65.2 62.6 61.3 61.3

Mining 21 79.6 79.4 84.0 86.2 86.6 87.4 86.3 86.9 87.2 87.7

Utilities 2211,2 80.4 81.3 82.0 82.6 81.3 79.3 79.4 78.4 79.3 81.3

1. See footnote 2 to table 3.

25
Table 9A

INDUSTRIAL PRODUCTION: Manufacturing1

Seasonally adjusted

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

IP (percent

change)

1984 1.8 1.1 .5 .5 .2 .5 .5 .2 -.2 .4 .3 .4 12.6 6.3 3.6 2.6 9.8

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

1986 1.1 -.6 -.3 .4 .2 -.4 .6 .2 .2 .4 .5 .8 4.5 .0 2.5 4.9 2.2

1987 -.3 1.4 .1 .6 .7 .4 .7 .6 .6 1.6 .6 .6 5.9 7.0 7.5 11.7 5.7

1988 -.2 .2 .3 .9 -.2 .2 .0 .1 .4 .5 .3 .5 2.7 4.3 .8 4.4 5.3

1989 .8 -.9 -.1 .2 -.9 .2 -1.1 .9 -.2 -.2 .2 .1 2.1 -2.8 -3.2 .4 .8

1990 -.2 1.5 .5 -.2 .1 .3 -.2 .3 .0 -.8 -1.1 -.7 4.2 3.1 1.0 -6.7 .8

1991 -.8 -.6 -.7 .3 .7 1.0 .3 .3 1.0 -.2 -.2 -.2 -8.8 1.9 7.1 1.5 -2.0

1992 -.6 .9 1.0 .5 .6 .2 .9 -.4 .1 .7 .4 -.1 .5 8.2 4.1 3.2 3.6

1993 1.0 .2 -.2 .5 -.1 -.2 .2 -.2 .6 .9 .4 .5 4.5 1.3 .7 7.0 3.5

1994 .2 .1 1.3 .8 .7 .3 .4 .8 .5 1.0 .8 1.1 4.9 9.6 6.2 10.1 5.9

1995 .2 -.2 .2 -.1 .1 .5 -.6 1.2 .9 -.1 .1 .4 4.6 1.0 3.3 4.3 5.2

1996 -.8 1.6 -.2 1.1 .7 1.0 .2 .6 .8 -.2 .8 .8 1.8 9.7 7.4 5.7 4.8

1997 .1 1.4 1.1 -.2 .8 .7 .8 1.2 .9 .9 1.1 .4 9.4 7.4 11.0 11.4 8.4

1998 .8 .1 -.1 .5 .5 -.8 -.4 2.5 -.3 1.0 .2 .5 6.1 1.9 3.1 7.8 6.6

1999 .3 .8 -.1 .3 1.0 -.3 .4 .6 -.4 1.5 .6 .7 4.9 4.3 3.4 8.9 5.0

2000 .1 .2 .7 .7 -.1 .2 .1 -.7 .4 -.3 -.3 -.6 4.7 5.1 -.5 -2.8 4.2

2001 -.7 -.6 -.3 -.3 -.8 -.7 -.5 -.5 -.2 -.6 -.3 .3 -6.5 -5.7 -6.2 -4.2 -4.1

2002 .5 .0 .8 .2 .6 1.1 -.3 .2 .1 -.4 .4 -.5 3.5 5.9 3.1 -.4 .3

2003 .5 .1 .2 -.9 .1 .4 .4 -.5 .8 .1 1.0 -.3 1.8 -2.1 2.4 3.8 1.3

2004 .0 .6 -.2 .4 .8 -.7 .9 .4 .0 1.0 -.1 .6 2.1 3.0 3.7 5.4 2.8

2005 .8 .8 -.4 .3 .4 .2 -.2 .3 -1.1 1.5 .8 .1 6.4 2.4 -.4 5.9 4.0

2006 .8 -.2 -.1 .5 -.5 .3 -.2 .6 .0 -.4 .0 1.5 3.9 .9 .9 1.5 2.5

2007 -.5 .4 .8 .7 -.1 .3 .2 -.4 .5 -.4 .5 .1 4.0 5.8 .9 .7 2.7

2008 -.4 -.6 -.3 -1.1 -.5 -.6 -1.1 -1.2 -3.4 -.6 -2.4 -3.4 -2.6 -7.5 -13.4 -21.6 -4.7

2009 -2.9 -.3 -1.8 -.7 -1.1 -.3 1.4 1.0 .8 .2 1.0 -.1 -23.9 -10.9 7.0 6.9 -13.6

2010 1.1 -.1 1.3 .9 1.5 .0 .8 .1 .1 .1 .2 .4 7.0 11.4 5.7 1.6 6.1

2011 .2 .0 .7 -.6 .2 .1 .8 .3 .4 .5 -.1 .7 2.9 .0 5.4 4.3 3.4

2012 1.0 .6 -.3 .8 -.2 .4 .4 -.5 .2 -.4 1.3 .7 7.3 3.0 1.2 2.5 4.1

2013 -.2 .6 .1 -.2 .3 .3 -.4 .7 .3 .4 .3 .1 4.4 1.3 1.9 4.3 2.6

2014 -.9 .9

IP (2007=100)

1984 48.7 49.3 49.5 49.8 49.9 50.1 50.3 50.4 50.3 50.5 50.7 50.8 49.2 49.9 50.3 50.7 50.0

1985 50.7 50.5 50.9 50.7 50.8 50.9 50.6 50.9 50.9 50.8 51.1 51.3 50.7 50.8 50.8 51.1 50.8

1986 51.9 51.6 51.4 51.6 51.7 51.5 51.9 52.0 52.1 52.3 52.5 53.0 51.6 51.6 52.0 52.6 52.0

1987 52.8 53.6 53.6 53.9 54.3 54.5 54.9 55.2 55.6 56.4 56.8 57.1 53.3 54.3 55.2 56.8 54.9

1988 57.0 57.2 57.3 57.8 57.7 57.8 57.8 57.8 58.0 58.3 58.5 58.7 57.2 57.8 57.9 58.5 57.8

1989 59.2 58.7 58.6 58.7 58.2 58.3 57.7 58.2 58.0 57.9 58.0 58.1 58.8 58.4 57.9 58.0 58.3

1990 57.9 58.8 59.1 58.9 59.0 59.2 59.1 59.3 59.3 58.8 58.1 57.7 58.6 59.0 59.2 58.2 58.8

1991 57.2 56.9 56.5 56.6 57.1 57.7 57.8 58.0 58.6 58.4 58.3 58.2 56.9 57.1 58.1 58.3 57.6

1992 57.9 58.4 59.0 59.3 59.6 59.8 60.3 60.1 60.1 60.5 60.8 60.7 58.4 59.6 60.2 60.6 59.7

1993 61.3 61.4 61.3 61.6 61.5 61.4 61.6 61.5 61.8 62.4 62.6 63.0 61.3 61.5 61.6 62.7 61.8

1994 63.1 63.2 64.0 64.5 65.0 65.2 65.4 66.0 66.3 66.9 67.4 68.2 63.4 64.9 65.9 67.5 65.4

1995 68.3 68.2 68.3 68.2 68.3 68.7 68.3 69.1 69.6 69.6 69.6 69.9 68.3 68.4 69.0 69.7 68.8

1996 69.4 70.4 70.3 71.1 71.6 72.3 72.5 72.9 73.5 73.4 74.0 74.6 70.0 71.7 73.0 74.0 72.2

1997 74.7 75.7 76.6 76.4 77.0 77.6 78.2 79.1 79.8 80.5 81.4 81.7 75.7 77.0 79.0 81.2 78.2

1998 82.4 82.5 82.4 82.8 83.2 82.5 82.2 84.2 83.9 84.7 84.9 85.4 82.4 82.8 83.4 85.0 83.4

1999 85.6 86.3 86.2 86.5 87.3 87.0 87.4 88.0 87.7 89.0 89.6 90.2 86.0 87.0 87.7 89.6 87.6

2000 90.3 90.5 91.1 91.8 91.7 91.8 92.0 91.3 91.6 91.4 91.1 90.5 90.6 91.8 91.6 91.0 91.3

2001 89.9 89.4 89.1 88.8 88.1 87.5 87.1 86.7 86.5 85.9 85.6 85.9 89.5 88.2 86.7 85.8 87.5

2002 86.3 86.3 87.0 87.2 87.6 88.6 88.3 88.5 88.6 88.3 88.7 88.3 86.6 87.8 88.5 88.4 87.8

2003 88.7 88.8 88.9 88.2 88.2 88.6 88.9 88.5 89.1 89.2 90.1 89.8 88.8 88.3 88.8 89.7 88.9

2004 89.8 90.4 90.2 90.6 91.3 90.6 91.4 91.8 91.8 92.7 92.6 93.2 90.2 90.8 91.6 92.9 91.4

2005 93.9 94.7 94.3 94.6 94.9 95.1 94.9 95.2 94.2 95.6 96.3 96.4 94.3 94.9 94.8 96.1 95.0

2006 97.2 97.0 96.9 97.5 97.0 97.3 97.1 97.6 97.7 97.3 97.4 98.8 97.0 97.3 97.5 97.8 97.4

2007 98.3 98.7 99.5 100.2 100.1 100.4 100.5 100.1 100.6 100.2 100.7 100.8 98.8 100.2 100.4 100.6 100.0

2008 100.4 99.8 99.5 98.5 98.0 97.5 96.4 95.2 92.0 91.4 89.2 86.2 99.9 98.0 94.5 88.9 95.3

2009 83.7 83.5 82.0 81.4 80.5 80.3 81.4 82.1 82.8 82.9 83.8 83.7 83.1 80.7 82.1 83.5 82.4

2010 84.6 84.5 85.6 86.4 87.6 87.6 88.4 88.5 88.5 88.6 88.7 89.1 84.9 87.2 88.4 88.8 87.3

2011 89.3 89.2 89.8 89.3 89.5 89.6 90.3 90.6 90.9 91.4 91.3 92.0 89.4 89.4 90.6 91.6 90.3

2012 92.9 93.5 93.2 93.9 93.7 94.0 94.4 94.0 94.1 93.7 94.9 95.6 93.2 93.9 94.2 94.7 94.0

2013 95.4 95.9 96.0 95.8 96.1 96.4 96.0 96.7 96.9 97.3 97.6 97.7 95.8 96.1 96.5 97.5 96.5

2014 96.8 97.7

NOTE: Estimates from October 2013 through February 2014 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.

26
Table 9B

CAPACITY AND UTILIZATION: Manufacturing1

Seasonally adjusted

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

Capacity

(percent of

2007 output)

1984 62.3 62.4 62.5 62.7 62.8 62.9 63.1 63.2 63.4 63.6 63.8 64.0 62.4 62.8 63.2 63.8 63.1

1985 64.2 64.3 64.5 64.7 64.9 65.1 65.2 65.4 65.5 65.6 65.7 65.8 64.3 64.9 65.4 65.7 65.1

1986 65.9 65.9 66.0 66.1 66.1 66.2 66.2 66.3 66.4 66.5 66.6 66.8 65.9 66.1 66.3 66.6 66.2

1987 66.9 67.1 67.2 67.4 67.6 67.8 67.9 68.1 68.2 68.3 68.4 68.5 67.1 67.6 68.1 68.4 67.8

1988 68.6 68.7 68.7 68.7 68.8 68.8 68.8 68.8 68.9 68.9 69.0 69.1 68.7 68.8 68.8 69.0 68.8

1989 69.2 69.3 69.4 69.5 69.7 69.8 70.0 70.2 70.3 70.5 70.7 70.9 69.3 69.7 70.2 70.7 69.9

1990 71.0 71.2 71.4 71.6 71.7 71.9 72.1 72.2 72.4 72.5 72.6 72.8 71.2 71.7 72.2 72.6 71.9

1991 72.9 73.0 73.1 73.2 73.3 73.4 73.4 73.5 73.6 73.7 73.8 73.8 73.0 73.3 73.5 73.8 73.4

1992 74.0 74.1 74.3 74.5 74.6 74.8 75.0 75.2 75.5 75.7 75.9 76.0 74.1 74.6 75.2 75.8 75.0

1993 76.2 76.3 76.5 76.6 76.7 76.8 76.9 77.0 77.1 77.2 77.4 77.5 76.3 76.7 77.0 77.4 76.8

1994 77.7 77.8 78.1 78.3 78.5 78.8 79.0 79.3 79.6 79.9 80.3 80.6 77.9 78.5 79.3 80.3 79.0

1995 80.9 81.3 81.6 81.9 82.3 82.6 83.0 83.4 83.7 84.1 84.5 84.9 81.3 82.3 83.4 84.5 82.9

1996 85.4 85.8 86.2 86.7 87.1 87.6 88.0 88.5 89.0 89.5 90.0 90.5 85.8 87.1 88.5 90.0 87.8

1997 91.0 91.5 92.1 92.6 93.2 93.8 94.4 95.1 95.8 96.5 97.2 97.9 91.5 93.2 95.1 97.2 94.3

1998 98.7 99.4 100.1 100.8 101.6 102.2 102.9 103.5 104.1 104.7 105.2 105.8 99.4 101.6 103.5 105.2 102.4

1999 106.3 106.8 107.3 107.8 108.2 108.7 109.2 109.6 110.1 110.6 111.1 111.6 106.8 108.2 109.6 111.1 108.9

2000 112.1 112.6 113.1 113.5 114.0 114.5 114.9 115.3 115.8 116.2 116.6 117.0 112.6 114.0 115.3 116.6 114.6

2001 117.3 117.7 118.0 118.4 118.7 118.9 119.2 119.4 119.6 119.7 119.9 120.0 117.7 118.6 119.4 119.9 118.9

2002 120.1 120.2 120.2 120.3 120.3 120.3 120.3 120.4 120.4 120.4 120.4 120.4 120.2 120.3 120.4 120.4 120.3

2003 120.4 120.4 120.4 120.4 120.4 120.4 120.3 120.3 120.3 120.2 120.2 120.1 120.4 120.4 120.3 120.2 120.3

2004 120.1 120.0 119.9 119.8 119.8 119.7 119.7 119.7 119.7 119.8 119.9 120.0 120.0 119.8 119.7 119.9 119.8

2005 120.2 120.4 120.6 120.8 121.1 121.3 121.6 121.9 122.1 122.4 122.6 122.9 120.4 121.1 121.9 122.6 121.5

2006 123.1 123.3 123.5 123.7 123.8 124.0 124.2 124.4 124.6 124.8 125.1 125.4 123.3 123.8 124.4 125.1 124.2

2007 125.6 125.9 126.2 126.5 126.8 127.1 127.4 127.6 127.8 128.0 128.1 128.2 125.9 126.8 127.6 128.1 127.1

2008 128.3 128.3 128.3 128.2 128.1 128.0 127.8 127.7 127.5 127.3 127.1 126.9 128.3 128.1 127.7 127.1 127.8

2009 126.7 126.5 126.2 126.0 125.8 125.6 125.3 125.1 124.9 124.7 124.5 124.2 126.5 125.8 125.1 124.5 125.5

2010 124.0 123.8 123.6 123.3 123.1 122.9 122.7 122.5 122.3 122.2 122.1 121.9 123.8 123.1 122.5 122.1 122.9

2011 121.9 121.8 121.8 121.8 121.9 121.9 122.0 122.2 122.3 122.5 122.7 122.9 121.8 121.9 122.2 122.7 122.1

2012 123.2 123.4 123.6 123.9 124.1 124.4 124.6 124.8 125.0 125.2 125.4 125.6 123.4 124.1 124.8 125.4 124.5

2013 125.8 126.0 126.2 126.3 126.5 126.7 126.9 127.1 127.3 127.5 127.7 127.9 126.0 126.5 127.1 127.7 126.8

2014 128.2 128.5

Utilization

(percent)

1984 78.1 78.9 79.1 79.4 79.4 79.6 79.8 79.7 79.3 79.4 79.5 79.5 78.7 79.5 79.6 79.5 79.3

1985 79.0 78.5 78.9 78.3 78.3 78.2 77.5 77.8 77.8 77.4 77.8 78.0 78.8 78.3 77.7 77.7 78.1

1986 78.8 78.2 77.9 78.2 78.3 77.9 78.3 78.4 78.4 78.6 78.8 79.3 78.3 78.1 78.4 78.9 78.4

1987 79.0 79.9 79.8 80.0 80.4 80.5 80.9 81.2 81.5 82.6 83.0 83.4 79.5 80.3 81.2 83.0 81.0

1988 83.1 83.2 83.4 84.1 83.9 84.0 84.0 84.0 84.3 84.6 84.8 85.1 83.3 84.0 84.1 84.8 84.1

1989 85.6 84.7 84.4 84.5 83.5 83.5 82.4 82.9 82.5 82.1 82.1 81.9 84.9 83.8 82.6 82.0 83.3

1990 81.5 82.5 82.7 82.3 82.3 82.3 82.0 82.1 81.9 81.1 80.0 79.3 82.3 82.3 82.0 80.1 81.7

1991 78.5 77.9 77.3 77.4 77.9 78.6 78.7 78.8 79.6 79.3 79.1 78.9 77.9 78.0 79.0 79.1 78.5

1992 78.2 78.7 79.4 79.6 79.9 79.9 80.4 79.8 79.7 80.0 80.1 79.8 78.8 79.8 80.0 80.0 79.6

1993 80.4 80.4 80.1 80.4 80.2 80.0 80.1 79.8 80.2 80.8 81.0 81.3 80.3 80.2 80.0 81.0 80.4

1994 81.3 81.2 82.0 82.5 82.8 82.7 82.8 83.1 83.2 83.7 84.0 84.6 81.5 82.7 83.0 84.1 82.8

1995 84.4 83.9 83.7 83.3 83.1 83.1 82.3 82.8 83.2 82.7 82.4 82.3 84.0 83.2 82.8 82.5 83.1

1996 81.3 82.1 81.5 82.0 82.2 82.6 82.3 82.4 82.6 82.0 82.2 82.4 81.6 82.3 82.4 82.2 82.1

1997 82.1 82.7 83.1 82.5 82.7 82.7 82.8 83.2 83.3 83.4 83.8 83.5 82.6 82.6 83.1 83.6 83.0

1998 83.5 83.0 82.3 82.1 81.9 80.7 79.9 81.3 80.6 81.0 80.7 80.7 82.9 81.5 80.6 80.8 81.5

1999 80.6 80.8 80.4 80.3 80.7 80.1 80.1 80.2 79.6 80.5 80.6 80.8 80.6 80.3 80.0 80.6 80.4

2000 80.6 80.4 80.6 80.8 80.4 80.2 80.0 79.2 79.2 78.6 78.1 77.4 80.5 80.5 79.5 78.0 79.6

2001 76.6 75.9 75.5 75.1 74.3 73.6 73.1 72.6 72.3 71.7 71.4 71.6 76.0 74.3 72.7 71.6 73.6

2002 71.9 71.8 72.3 72.5 72.8 73.7 73.4 73.5 73.6 73.3 73.7 73.3 72.0 73.0 73.5 73.4 73.0

2003 73.7 73.8 73.9 73.2 73.3 73.6 73.9 73.5 74.1 74.2 74.9 74.8 73.8 73.4 73.8 74.6 73.9

2004 74.8 75.3 75.3 75.6 76.2 75.7 76.4 76.7 76.6 77.4 77.3 77.7 75.1 75.8 76.6 77.4 76.2

2005 78.2 78.7 78.2 78.3 78.4 78.4 78.0 78.1 77.1 78.1 78.6 78.5 78.3 78.3 77.7 78.4 78.2

2006 79.0 78.7 78.5 78.8 78.3 78.5 78.2 78.5 78.4 78.0 77.8 78.8 78.7 78.5 78.3 78.2 78.4

2007 78.2 78.4 78.8 79.2 78.9 79.0 78.9 78.5 78.7 78.3 78.6 78.6 78.5 79.0 78.7 78.5 78.7

2008 78.3 77.8 77.6 76.8 76.5 76.2 75.4 74.6 72.1 71.8 70.2 67.9 77.9 76.5 74.0 70.0 74.6

2009 66.1 66.0 65.0 64.6 64.0 63.9 64.9 65.7 66.3 66.5 67.3 67.4 65.7 64.2 65.6 67.1 65.6

2010 68.2 68.3 69.3 70.0 71.2 71.3 72.0 72.2 72.4 72.5 72.7 73.0 68.6 70.8 72.2 72.7 71.1

2011 73.2 73.3 73.8 73.3 73.4 73.5 74.0 74.2 74.3 74.6 74.4 74.8 73.4 73.4 74.2 74.6 73.9

2012 75.5 75.8 75.4 75.8 75.5 75.6 75.8 75.3 75.3 74.8 75.7 76.1 75.5 75.6 75.4 75.5 75.5

2013 75.8 76.1 76.1 75.8 75.9 76.1 75.6 76.1 76.2 76.4 76.4 76.3 76.0 75.9 76.0 76.4 76.1

2014 75.5 76.0

NOTE: Estimates from October 2013 through February 2014 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

27
Table 10A

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)

1984 2.0 .3 .4 .6 .4 .2 .3 .0 -.2 -.2 .4 .1 11.4 5.2 1.8 -.4 7.9

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

1986 .5 -.7 -.7 .1 .2 -.2 .4 -.3 .1 .4 .4 .8 2.4 -2.5 .6 3.9 .9

1987 -.4 1.2 .2 .5 .6 .4 .5 .7 .2 1.4 .5 .4 4.4 6.4 6.2 9.2 4.3

1988 .0 .4 .2 .5 -.2 .2 .0 .5 -.3 .4 .2 .5 3.2 2.6 1.0 2.6 4.4

1989 .3 -.4 .3 .0 -.7 .0 -1.1 .9 -.3 -.2 .3 .6 2.1 -1.6 -3.5 .8 .6

1990 -.7 .9 .5 -.1 .1 .3 -.1 .3 .2 -.8 -1.3 -.7 2.1 2.6 1.2 -6.7 .3

1991 -.4 -.8 -.6 .2 1.0 .9 .0 .1 .9 -.2 -.2 -.5 -8.0 2.0 5.3 .4 -2.0

1992 -.8 .7 .8 .6 .3 -.2 .8 -.6 .1 .6 .3 .0 -2.0 6.1 1.9 3.0 1.9

1993 .5 .3 -.1 .3 -.4 .2 .3 -.1 .4 .7 .3 .5 3.1 .2 1.3 5.3 2.5

1994 .4 .0 .9 .3 .4 .6 .0 .4 .1 .6 .4 .9 4.4 5.4 3.2 5.7 4.0

1995 .1 -.2 -.1 -.3 .1 .2 -.6 1.1 .1 -.4 .1 .1 2.8 -1.2 1.5 .4 2.5

1996 -1.0 1.3 -.3 .8 .6 .6 -.5 .4 .4 -.4 .7 .5 -.5 6.6 2.0 2.9 1.7

1997 .0 .9 .4 -.2 .3 .2 .6 .7 .6 .7 .6 .1 5.1 2.5 6.4 7.5 4.2

1998 .3 .0 .0 .2 .6 -.9 -.7 1.9 -.6 .5 -.3 .1 2.0 .7 -.3 2.3 3.0

1999 .2 .1 -.1 -.1 .6 -.5 .3 .4 -.5 1.2 .2 .5 .7 .3 1.0 5.5 1.1

2000 -.3 .0 .1 .4 -.1 -.1 -.4 -.5 .3 -.4 -.2 -.5 .4 1.6 -3.1 -2.7 1.0

2001 -.7 -.5 -.3 -.2 -.6 -.5 -.3 -.1 -.4 -.5 -.5 -.1 -5.9 -4.5 -4.4 -4.5 -4.0

2002 .7 -.1 .8 .4 .5 .9 -.3 -.1 .1 -.3 .5 -.6 2.6 6.4 1.8 -.8 .3

2003 .6 .1 -.3 -.9 -.1 -.1 .4 -.4 .5 .0 .7 -.1 1.5 -4.7 .9 2.4 .2

2004 .2 .5 -.6 .4 .8 -.8 .8 .0 .0 1.0 .2 .6 2.1 2.0 2.1 5.2 1.7

2005 .4 .6 -.2 .0 .1 .4 -.3 .0 -2.2 1.2 1.0 .5 4.8 1.3 -3.0 2.1 2.5

2006 .1 .0 .2 .4 -.2 .3 .0 .2 -.3 -.1 -.2 1.0 3.4 1.9 .7 .1 1.4

2007 -.5 1.0 -.1 .6 .1 .1 .0 .1 .3 -.7 .4 -.1 3.0 4.0 1.1 -1.0 1.8

2008 -.3 -.4 -.4 -.8 -.6 -.2 -.4 -1.6 -4.3 1.1 -1.1 -2.7 -2.5 -6.4 -12.3 -14.9 -4.2

2009 -2.2 -.7 -1.6 -.9 -1.1 -.4 1.0 1.0 .7 .3 .3 .3 -19.7 -11.7 5.0 5.8 -11.3

2010 1.1 .1 .6 .3 1.6 .2 .6 .2 .2 -.4 .1 .8 7.2 7.9 6.2 .7 5.0

2011 .0 -.6 1.1 -.5 .3 .2 .7 .4 .1 .6 .1 .4 1.8 1.1 5.0 3.8 2.9

2012 .9 .3 -.5 .8 .3 .0 .6 -.6 .2 -.2 1.0 .1 4.9 3.0 1.3 1.8 3.5

2013 .0 .7 .4 -.2 .1 .2 -.2 .5 .8 .1 .5 .1 4.3 1.6 2.3 4.9 2.6

2014 -.2 .6

IP (2007=100)

1984 69.6 69.8 70.1 70.5 70.7 70.9 71.1 71.1 70.9 70.8 71.0 71.1 69.8 70.7 71.0 71.0 70.6

1985 70.9 71.2 71.3 71.2 71.3 71.3 70.9 71.2 71.6 71.3 71.5 72.3 71.1 71.3 71.2 71.7 71.3

1986 72.6 72.1 71.6 71.6 71.7 71.6 71.9 71.7 71.8 72.1 72.4 72.9 72.1 71.7 71.8 72.4 72.0

1987 72.6 73.5 73.6 74.0 74.4 74.7 75.1 75.6 75.8 76.8 77.2 77.5 73.2 74.4 75.5 77.2 75.1

1988 77.5 77.9 78.0 78.3 78.2 78.3 78.3 78.7 78.4 78.8 78.9 79.3 77.8 78.3 78.5 79.0 78.4

1989 79.6 79.2 79.5 79.5 78.9 78.9 78.0 78.7 78.4 78.3 78.5 78.9 79.4 79.1 78.4 78.5 78.9

1990 78.3 79.1 79.5 79.3 79.4 79.7 79.5 79.7 79.9 79.2 78.2 77.6 79.0 79.5 79.7 78.3 79.1

1991 77.3 76.7 76.2 76.4 77.1 77.8 77.8 77.9 78.6 78.4 78.3 77.9 76.7 77.1 78.1 78.2 77.5

1992 77.2 77.8 78.4 78.9 79.1 79.0 79.6 79.2 79.3 79.8 80.0 80.0 77.8 79.0 79.3 79.9 79.0

1993 80.4 80.7 80.6 80.8 80.4 80.6 80.8 80.7 81.0 81.6 81.9 82.2 80.5 80.6 80.8 81.9 81.0

1994 82.5 82.5 83.2 83.5 83.8 84.3 84.3 84.6 84.7 85.2 85.6 86.3 82.8 83.9 84.5 85.7 84.2

1995 86.5 86.3 86.2 85.9 86.0 86.2 85.7 86.7 86.7 86.3 86.4 86.5 86.3 86.0 86.4 86.4 86.3

1996 85.7 86.8 86.5 87.2 87.7 88.2 87.8 88.1 88.5 88.2 88.9 89.3 86.3 87.7 88.2 88.8 87.7

1997 89.2 90.0 90.4 90.2 90.5 90.7 91.2 91.9 92.4 93.1 93.7 93.8 89.9 90.4 91.9 93.5 91.4

1998 94.0 94.0 94.0 94.1 94.6 93.7 93.1 94.9 94.3 94.8 94.5 94.6 94.0 94.2 94.1 94.6 94.2

1999 94.7 94.9 94.8 94.6 95.2 94.8 95.0 95.4 94.9 96.1 96.3 96.8 94.8 94.9 95.1 96.4 95.3

2000 96.5 96.5 96.6 97.0 96.9 96.8 96.4 95.9 96.2 95.7 95.6 95.1 96.5 96.9 96.1 95.5 96.3

2001 94.5 94.0 93.7 93.5 92.9 92.4 92.1 92.0 91.7 91.2 90.8 90.7 94.0 93.0 91.9 90.9 92.5

2002 91.3 91.2 91.9 92.3 92.7 93.6 93.3 93.3 93.3 93.0 93.4 92.9 91.5 92.9 93.3 93.1 92.7

2003 93.5 93.6 93.3 92.5 92.4 92.3 92.7 92.3 92.8 92.7 93.4 93.3 93.5 92.4 92.6 93.1 92.9

2004 93.5 94.0 93.4 93.9 94.6 93.8 94.6 94.6 94.6 95.5 95.6 96.3 93.6 94.1 94.6 95.8 94.5

2005 96.6 97.1 97.0 97.0 97.1 97.5 97.2 97.2 95.0 96.2 97.1 97.7 96.9 97.2 96.5 97.0 96.9

2006 97.7 97.7 97.9 98.3 98.1 98.4 98.4 98.6 98.3 98.2 98.1 99.0 97.8 98.2 98.4 98.5 98.2

2007 98.5 99.6 99.5 100.1 100.2 100.3 100.3 100.4 100.7 100.0 100.4 100.3 99.2 100.2 100.4 100.2 100.0

2008 100.0 99.5 99.2 98.4 97.8 97.6 97.2 95.6 91.5 92.5 91.5 89.0 99.6 97.9 94.8 91.0 95.8

2009 87.0 86.4 85.0 84.2 83.3 83.0 83.8 84.6 85.2 85.5 85.7 86.0 86.1 83.5 84.5 85.7 85.0

2010 87.0 87.1 87.6 87.9 89.3 89.5 90.0 90.2 90.4 90.1 90.2 90.9 87.2 88.9 90.2 90.4 89.2

2011 90.9 90.3 91.3 90.8 91.1 91.3 91.9 92.3 92.4 92.9 93.0 93.3 90.8 91.1 92.2 93.1 91.8

2012 94.1 94.4 94.0 94.7 95.0 95.0 95.5 94.9 95.1 95.0 95.9 96.0 94.2 94.9 95.2 95.6 95.0

2013 96.1 96.7 97.1 96.9 97.0 97.2 97.0 97.5 98.2 98.3 98.9 98.9 96.6 97.0 97.6 98.7 97.5

2014 98.8 99.4

NOTE: Estimates from October 2013 through February 2014 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.

28
Table 10B

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

2007 output)

1984 87.7 87.8 87.8 87.9 88.0 88.1 88.2 88.3 88.5 88.6 88.8 88.9 87.8 88.0 88.3 88.8 88.2

1985 89.1 89.2 89.4 89.5 89.7 89.9 90.0 90.2 90.3 90.4 90.5 90.6 89.2 89.7 90.2 90.5 89.9

1986 90.7 90.8 90.9 91.0 91.0 91.1 91.2 91.2 91.3 91.4 91.5 91.6 90.8 91.0 91.2 91.5 91.1

1987 91.7 91.8 91.9 92.0 92.1 92.2 92.3 92.3 92.4 92.5 92.5 92.6 91.8 92.1 92.3 92.5 92.2

1988 92.6 92.6 92.6 92.6 92.6 92.6 92.6 92.6 92.7 92.7 92.8 92.8 92.6 92.6 92.6 92.8 92.6

1989 92.9 93.0 93.1 93.3 93.4 93.6 93.7 93.9 94.1 94.2 94.4 94.6 93.0 93.4 93.9 94.4 93.7

1990 94.8 94.9 95.1 95.2 95.4 95.5 95.6 95.8 95.9 96.0 96.1 96.2 94.9 95.4 95.8 96.1 95.5

1991 96.3 96.5 96.6 96.7 96.8 96.9 97.0 97.1 97.1 97.2 97.3 97.4 96.5 96.8 97.1 97.3 96.9

1992 97.5 97.6 97.7 97.8 97.9 98.0 98.1 98.2 98.3 98.4 98.5 98.6 97.6 97.9 98.2 98.5 98.1

1993 98.7 98.8 98.9 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 99.8 98.8 99.1 99.4 99.7 99.3

1994 99.9 100.1 100.2 100.3 100.5 100.6 100.8 101.0 101.1 101.3 101.5 101.7 100.1 100.5 101.0 101.5 100.8

1995 101.9 102.1 102.3 102.5 102.7 102.9 103.0 103.2 103.4 103.6 103.8 104.0 102.1 102.7 103.2 103.8 102.9

1996 104.1 104.3 104.5 104.6 104.8 105.0 105.2 105.4 105.7 105.9 106.2 106.5 104.3 104.8 105.4 106.2 105.2

1997 106.7 107.0 107.4 107.7 108.1 108.4 108.8 109.2 109.6 110.0 110.5 110.9 107.0 108.1 109.2 110.5 108.7

1998 111.3 111.7 112.1 112.5 113.0 113.3 113.7 114.1 114.5 114.8 115.1 115.5 111.7 112.9 114.1 115.1 113.5

1999 115.8 116.1 116.3 116.6 116.9 117.1 117.3 117.6 117.8 118.0 118.1 118.3 116.1 116.9 117.6 118.1 117.2

2000 118.5 118.6 118.8 118.9 119.0 119.2 119.3 119.4 119.5 119.7 119.8 119.9 118.6 119.0 119.4 119.8 119.2

2001 120.1 120.2 120.3 120.5 120.6 120.7 120.9 121.0 121.2 121.3 121.4 121.5 120.2 120.6 121.0 121.4 120.8

2002 121.6 121.7 121.8 121.8 121.9 121.9 121.9 121.9 121.8 121.7 121.7 121.6 121.7 121.9 121.9 121.7 121.8

2003 121.5 121.4 121.3 121.2 121.1 121.1 121.0 120.9 120.9 120.8 120.8 120.8 121.4 121.1 120.9 120.8 121.1

2004 120.7 120.7 120.6 120.6 120.5 120.5 120.5 120.4 120.4 120.3 120.3 120.3 120.7 120.5 120.4 120.3 120.5

2005 120.3 120.4 120.4 120.4 120.5 120.6 120.7 120.8 121.0 121.1 121.3 121.4 120.4 120.5 120.8 121.3 120.7

2006 121.6 121.8 121.9 122.1 122.3 122.5 122.7 122.9 123.1 123.2 123.4 123.5 121.8 122.3 122.9 123.4 122.6

2007 123.7 123.8 123.9 124.0 124.0 124.1 124.1 124.0 124.0 123.9 123.8 123.8 123.8 124.0 124.0 123.8 123.9

2008 123.7 123.6 123.5 123.5 123.5 123.5 123.6 123.7 123.8 124.0 124.1 124.2 123.6 123.5 123.7 124.1 123.7

2009 124.4 124.4 124.5 124.5 124.5 124.4 124.3 124.1 123.9 123.6 123.4 123.1 124.4 124.5 124.1 123.4 124.1

2010 122.7 122.4 122.1 121.8 121.5 121.2 121.0 120.7 120.5 120.4 120.2 120.1 122.4 121.5 120.7 120.3 121.2

2011 120.1 120.0 120.0 120.1 120.1 120.2 120.3 120.4 120.6 120.8 121.0 121.2 120.0 120.1 120.4 121.0 120.4

2012 121.4 121.6 121.8 122.0 122.2 122.4 122.6 122.8 123.0 123.2 123.4 123.5 121.6 122.2 122.8 123.4 122.5

2013 123.7 123.8 124.0 124.2 124.3 124.5 124.7 124.9 125.1 125.3 125.6 125.8 123.8 124.3 124.9 125.6 124.7

2014 126.1 126.3

Utilization

(percent)

1984 79.3 79.6 79.8 80.2 80.4 80.5 80.6 80.5 80.1 79.9 80.0 80.0 79.6 80.4 80.4 79.9 80.1

1985 79.6 79.8 79.8 79.6 79.5 79.4 78.8 79.0 79.3 78.8 79.0 79.7 79.7 79.5 79.0 79.2 79.4

1986 80.1 79.4 78.7 78.7 78.8 78.6 78.8 78.5 78.6 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 81.9 82.0 83.1 83.4 83.7 79.8 80.8 81.8 83.4 81.4

1988 83.7 84.1 84.2 84.6 84.4 84.6 84.6 85.0 84.7 85.0 85.1 85.4 84.0 84.5 84.7 85.2 84.6

1989 85.6 85.2 85.3 85.2 84.4 84.3 83.2 83.8 83.4 83.0 83.1 83.4 85.4 84.7 83.5 83.2 84.2

1990 82.7 83.3 83.6 83.3 83.3 83.4 83.2 83.3 83.3 82.5 81.4 80.7 83.2 83.3 83.2 81.5 82.8

1991 80.2 79.5 78.9 79.0 79.7 80.3 80.3 80.3 80.9 80.6 80.4 79.9 79.5 79.7 80.5 80.3 80.0

1992 79.2 79.7 80.2 80.6 80.8 80.5 81.1 80.6 80.6 81.0 81.2 81.1 79.7 80.6 80.8 81.1 80.6

1993 81.4 81.6 81.4 81.6 81.1 81.2 81.4 81.2 81.4 81.9 82.1 82.4 81.5 81.3 81.3 82.1 81.6

1994 82.6 82.5 83.1 83.2 83.4 83.8 83.6 83.8 83.7 84.1 84.3 84.9 82.7 83.5 83.7 84.4 83.6

1995 84.9 84.5 84.3 83.9 83.8 83.8 83.2 83.9 83.8 83.3 83.3 83.2 84.6 83.8 83.6 83.3 83.8

1996 82.3 83.2 82.8 83.3 83.6 84.0 83.4 83.6 83.8 83.3 83.7 83.9 82.8 83.7 83.6 83.6 83.4

1997 83.6 84.1 84.2 83.7 83.7 83.6 83.9 84.1 84.3 84.6 84.8 84.6 84.0 83.7 84.1 84.7 84.1

1998 84.5 84.1 83.8 83.6 83.8 82.7 81.8 83.1 82.4 82.6 82.1 81.9 84.1 83.4 82.5 82.2 83.0

1999 81.8 81.7 81.5 81.2 81.5 80.9 81.0 81.1 80.6 81.5 81.5 81.8 81.7 81.2 80.9 81.6 81.3

2000 81.4 81.3 81.3 81.6 81.4 81.2 80.8 80.3 80.4 80.0 79.8 79.3 81.4 81.4 80.5 79.7 80.7

2001 78.7 78.2 77.9 77.7 77.1 76.6 76.2 76.0 75.7 75.2 74.8 74.6 78.2 77.1 76.0 74.9 76.5

2002 75.1 74.9 75.5 75.8 76.1 76.8 76.6 76.5 76.6 76.4 76.8 76.4 75.2 76.2 76.6 76.5 76.1

2003 77.0 77.1 76.9 76.3 76.3 76.2 76.6 76.3 76.8 76.7 77.3 77.2 77.0 76.3 76.6 77.1 76.7

2004 77.4 77.9 77.5 77.8 78.5 77.8 78.5 78.5 78.6 79.3 79.5 80.0 77.6 78.0 78.5 79.6 78.4

2005 80.3 80.7 80.6 80.6 80.6 80.8 80.5 80.5 78.6 79.4 80.1 80.4 80.5 80.7 79.8 80.0 80.3

2006 80.4 80.3 80.3 80.5 80.2 80.3 80.2 80.3 79.9 79.7 79.5 80.2 80.3 80.3 80.1 79.8 80.1

2007 79.7 80.4 80.3 80.7 80.7 80.8 80.8 80.9 81.2 80.7 81.0 81.0 80.1 80.8 81.0 80.9 80.7

2008 80.8 80.5 80.3 79.6 79.2 79.0 78.6 77.3 73.9 74.6 73.7 71.7 80.5 79.3 76.6 73.3 77.4

2009 70.0 69.4 68.3 67.6 66.9 66.7 67.4 68.2 68.8 69.1 69.5 69.9 69.2 67.1 68.1 69.5 68.5

2010 70.9 71.1 71.8 72.2 73.5 73.8 74.4 74.8 75.0 74.9 75.0 75.7 71.3 73.2 74.7 75.2 73.6

2011 75.7 75.3 76.0 75.7 75.9 76.0 76.4 76.6 76.6 76.9 76.9 77.0 75.7 75.8 76.6 76.9 76.2

2012 77.6 77.7 77.2 77.6 77.7 77.6 77.9 77.3 77.3 77.1 77.8 77.7 77.5 77.6 77.5 77.5 77.5

2013 77.7 78.1 78.3 78.0 78.0 78.0 77.8 78.1 78.5 78.5 78.8 78.6 78.0 78.0 78.1 78.6 78.2

2014 78.4 78.7

NOTE: Estimates from October 2013 through February 2014 are subject to further revision in the upcoming monthly releases.

1. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

29
Table 11A

INDUSTRIAL PRODUCTION: Manufacturing Excluding Selected High-Technology Industries1,2

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual3

IP (percent

change)

1984 1.7 1.0 .4 .4 .1 .3 .4 .1 -.3 .4 .3 .3 11.5 4.7 2.2 1.9 8.5

1985 -.5 -.2 .8 -.2 .2 .1 -.5 .6 .2 -.3 .6 .4 -.1 1.5 .5 2.3 1.4

1986 1.2 -.6 -.3 .4 .1 -.2 .3 .1 .2 .3 .4 .7 4.7 -.1 1.3 4.1 2.2

1987 -.5 1.4 .1 .4 .6 .3 .6 .4 .5 1.5 .6 .5 4.6 6.0 5.9 10.5 4.6

1988 -.2 .2 .2 .8 -.3 .1 -.1 .1 .3 .4 .3 .5 2.1 3.4 .0 4.2 4.4

1989 .9 -1.0 -.1 .2 -.9 .2 -1.3 .8 -.3 -.3 .1 .0 2.4 -3.1 -4.3 -.7 .4

1990 -.3 1.5 .4 -.3 .1 .2 -.2 .3 -.1 -.9 -1.2 -.8 3.5 2.5 .5 -7.5 .0

1991 -.8 -.8 -.8 .4 .7 1.0 .3 .2 1.1 -.2 -.3 -.3 -9.6 1.3 7.0 1.1 -2.6

1992 -.9 .9 1.0 .4 .5 .1 .9 -.5 -.1 .5 .3 -.2 -1.2 7.0 2.8 1.5 2.6

1993 1.1 .1 -.3 .5 -.1 -.2 .2 -.3 .5 .8 .3 .5 4.0 .5 .2 6.0 2.5

1994 .1 .1 1.1 .6 .5 .2 .2 .6 .2 .7 .6 .9 4.0 7.1 3.8 7.0 4.4

1995 .1 -.4 -.1 -.4 -.1 .3 -.8 .9 .5 -.4 -.1 .1 2.7 -2.3 .3 .7 2.5

1996 -1.2 1.3 -.4 1.0 .6 .8 -.1 .3 .6 -.5 .7 .7 -2.0 7.4 4.0 2.6 1.5

1997 -.1 1.1 .8 -.6 .5 .4 .5 .9 .5 .7 .8 .1 6.2 2.9 7.0 7.9 4.9

1998 .6 -.1 -.3 .2 .4 -1.2 -.8 2.3 -.7 .7 -.1 .2 3.3 -.3 -.6 4.1 3.4

1999 -.1 .4 -.4 -.1 .8 -.7 .0 .6 -.5 1.4 .3 .4 .8 .3 .2 6.7 1.4

2000 -.3 -.2 .3 .4 -.6 .0 -.2 -1.0 .3 -.4 -.6 -.8 .2 .7 -3.8 -4.7 .7

2001 -.6 -.5 -.3 -.1 -.7 -.6 -.2 -.5 -.2 -.7 -.2 .2 -7.0 -4.5 -4.6 -4.2 -4.8

2002 .6 -.2 .8 .2 .6 1.1 -.4 .1 .1 -.4 .4 -.6 3.2 5.7 2.5 -1.1 .4

2003 .4 -.1 .1 -1.0 -.1 .2 .2 -.7 .7 -.1 .9 -.3 .5 -4.0 .2 2.6 .0

2004 -.1 .7 -.2 .4 .8 -.8 1.0 .4 -.1 1.0 -.1 .6 1.6 3.3 3.7 4.9 2.0

2005 .6 .7 -.5 .2 .3 .1 -.4 .2 -1.4 1.5 .7 .0 5.2 1.3 -2.0 4.4 3.1

2006 .8 -.3 -.1 .5 -.6 .2 -.3 .5 -.1 -.4 .0 1.5 3.3 .1 -.2 .6 1.5

2007 -.6 .3 .6 .5 .0 .5 .2 -.5 .3 -.6 .3 .0 3.2 4.7 1.0 -1.6 1.8

2008 -.5 -.8 -.4 -1.2 -.6 -.6 -1.1 -1.3 -3.5 -.4 -2.1 -3.2 -4.3 -9.2 -13.7 -20.5 -5.8

2009 -2.9 -.3 -2.0 -.9 -1.2 -.3 1.4 1.0 .8 .1 1.0 -.2 -23.8 -12.1 6.8 6.2 -13.8

2010 1.0 -.3 1.2 .9 1.5 .0 .8 .0 .0 .0 .0 .2 5.4 10.4 5.3 .6 5.1

2011 .1 .0 .7 -.7 .2 .1 .9 .2 .4 .6 -.1 .7 2.0 -.1 5.2 4.3 2.8

2012 1.1 .5 -.4 .7 -.3 .3 .4 -.5 .1 -.6 1.3 .7 7.0 1.9 .8 1.7 3.7

2013 -.3 .7 .1 -.3 .2 .3 -.5 .7 .3 .4 .2 .1 4.6 .8 1.6 4.2 2.3

2014 -.9 .8

IP (2007=100)

1984 67.3 68.0 68.2 68.5 68.6 68.8 69.0 69.1 68.9 69.1 69.3 69.6 67.8 68.6 69.0 69.3 68.7

1985 69.2 69.1 69.6 69.5 69.6 69.7 69.3 69.8 69.9 69.7 70.1 70.4 69.3 69.6 69.7 70.1 69.7

1986 71.2 70.8 70.6 70.8 70.9 70.8 71.0 71.1 71.2 71.4 71.7 72.3 70.9 70.9 71.1 71.8 71.2

1987 71.9 72.9 73.0 73.3 73.8 74.0 74.4 74.7 75.1 76.2 76.6 77.0 72.6 73.7 74.7 76.6 74.4

1988 76.9 77.0 77.2 77.8 77.6 77.7 77.6 77.6 77.9 78.2 78.5 78.8 77.0 77.7 77.7 78.5 77.7

1989 79.5 78.7 78.7 78.8 78.1 78.2 77.2 77.8 77.6 77.3 77.4 77.4 79.0 78.4 77.5 77.4 78.0

1990 77.2 78.3 78.6 78.4 78.5 78.6 78.5 78.7 78.6 77.9 77.0 76.4 78.0 78.5 78.6 77.1 78.1

1991 75.8 75.2 74.6 74.8 75.3 76.1 76.3 76.5 77.3 77.1 76.9 76.7 75.2 75.4 76.7 76.9 76.0

1992 76.0 76.6 77.4 77.7 78.1 78.2 78.8 78.4 78.3 78.7 78.9 78.8 76.7 78.0 78.5 78.8 78.0

1993 79.6 79.7 79.4 79.8 79.7 79.5 79.7 79.5 80.0 80.6 80.9 81.3 79.6 79.7 79.7 80.9 80.0

1994 81.4 81.4 82.3 82.8 83.2 83.3 83.5 84.0 84.1 84.7 85.2 86.0 81.7 83.1 83.9 85.3 83.5

1995 86.1 85.8 85.7 85.4 85.3 85.5 84.8 85.6 86.0 85.7 85.6 85.6 85.9 85.4 85.5 85.6 85.6

1996 84.6 85.7 85.3 86.2 86.7 87.4 87.2 87.5 88.0 87.6 88.2 88.7 85.2 86.7 87.6 88.2 86.9

1997 88.6 89.6 90.3 89.7 90.2 90.5 91.0 91.8 92.3 92.9 93.7 93.8 89.5 90.1 91.7 93.4 91.2

1998 94.3 94.3 94.0 94.3 94.6 93.5 92.8 94.9 94.3 94.9 94.8 95.1 94.2 94.1 94.0 94.9 94.3

1999 95.0 95.4 95.0 94.9 95.7 95.0 95.0 95.6 95.1 96.5 96.8 97.2 95.1 95.2 95.3 96.8 95.6

2000 96.9 96.7 97.0 97.4 96.9 96.9 96.7 95.7 96.0 95.6 95.0 94.3 96.9 97.1 96.1 95.0 96.3

2001 93.7 93.2 92.9 92.8 92.2 91.6 91.5 91.0 90.8 90.2 90.0 90.2 93.3 92.2 91.1 90.1 91.7

2002 90.7 90.6 91.3 91.4 91.9 93.0 92.6 92.7 92.8 92.4 92.7 92.2 90.8 92.1 92.7 92.4 92.0

2003 92.6 92.5 92.6 91.6 91.5 91.7 91.9 91.2 91.9 91.8 92.6 92.3 92.5 91.6 91.7 92.3 92.0

2004 92.3 92.9 92.7 93.1 93.9 93.1 94.0 94.4 94.3 95.2 95.1 95.7 92.6 93.4 94.2 95.4 93.9

2005 96.3 97.0 96.4 96.6 97.0 97.1 96.7 96.9 95.6 97.0 97.7 97.7 96.6 96.9 96.4 97.4 96.8

2006 98.5 98.2 98.0 98.6 98.0 98.2 97.9 98.4 98.3 97.9 97.9 99.3 98.2 98.3 98.2 98.3 98.3

2007 98.7 99.0 99.6 100.1 100.1 100.6 100.7 100.2 100.6 99.9 100.2 100.2 99.1 100.3 100.5 100.1 100.0

2008 99.7 98.9 98.4 97.2 96.7 96.1 95.1 93.9 90.6 90.2 88.3 85.4 99.0 96.7 93.2 88.0 94.2

2009 82.9 82.7 81.0 80.3 79.4 79.1 80.2 81.0 81.6 81.7 82.5 82.3 82.2 79.6 80.9 82.1 81.2

2010 83.1 82.8 83.8 84.5 85.7 85.7 86.4 86.4 86.4 86.5 86.5 86.7 83.2 85.3 86.4 86.6 85.4

2011 86.8 86.8 87.4 86.8 87.0 87.1 87.8 88.0 88.4 88.9 88.8 89.4 87.0 87.0 88.1 89.0 87.8

2012 90.3 90.8 90.4 91.0 90.8 91.0 91.4 90.9 91.0 90.5 91.7 92.4 90.5 90.9 91.1 91.5 91.0

2013 92.1 92.7 92.8 92.5 92.7 93.0 92.6 93.2 93.5 93.9 94.1 94.2 92.5 92.7 93.1 94.1 93.1

2014 93.3 94.1

NOTE: Estimates from October 2013 through February 2014 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.

30
Table 11B

CAPACITY AND UTILIZATION: Manufacturing Excluding Selected High-Technology Industries1,2

Seasonally adjusted

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

Capacity

(percent of

2007 output)

1984 86.7 86.7 86.8 86.9 87.0 87.1 87.2 87.3 87.5 87.6 87.8 88.0 86.7 87.0 87.3 87.8 87.2

1985 88.2 88.4 88.5 88.7 88.9 89.1 89.2 89.4 89.5 89.6 89.7 89.8 88.4 88.9 89.4 89.7 89.1

1986 89.9 90.0 90.0 90.1 90.1 90.2 90.3 90.3 90.4 90.5 90.6 90.7 90.0 90.1 90.3 90.6 90.3

1987 90.9 91.0 91.1 91.3 91.4 91.6 91.7 91.8 91.9 92.0 92.0 92.1 91.0 91.4 91.8 92.0 91.6

1988 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.2 92.3 92.1 92.1 92.1 92.2 92.1

1989 92.4 92.5 92.6 92.8 92.9 93.1 93.3 93.4 93.6 93.8 94.0 94.2 92.5 92.9 93.4 94.0 93.2

1990 94.3 94.5 94.7 94.9 95.0 95.2 95.3 95.5 95.6 95.7 95.9 96.0 94.5 95.0 95.5 95.9 95.2

1991 96.1 96.3 96.4 96.5 96.6 96.7 96.8 96.9 97.0 97.1 97.2 97.3 96.3 96.6 96.9 97.2 96.8

1992 97.4 97.5 97.6 97.8 97.9 98.0 98.1 98.2 98.4 98.5 98.6 98.7 97.5 97.9 98.2 98.6 98.1

1993 98.8 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 99.8 99.9 100.0 99.0 99.3 99.6 99.9 99.4

1994 100.1 100.2 100.3 100.5 100.6 100.8 100.9 101.1 101.3 101.4 101.6 101.8 100.2 100.6 101.1 101.6 100.9

1995 102.0 102.2 102.5 102.7 102.9 103.1 103.3 103.6 103.8 104.0 104.2 104.4 102.3 102.9 103.6 104.2 103.2

1996 104.6 104.8 105.1 105.3 105.5 105.7 105.9 106.2 106.5 106.7 107.0 107.4 104.8 105.5 106.2 107.1 105.9

1997 107.7 108.0 108.4 108.8 109.2 109.6 110.1 110.5 111.0 111.5 112.0 112.4 108.0 109.2 110.5 112.0 109.9

1998 112.9 113.4 113.9 114.3 114.8 115.3 115.7 116.1 116.5 116.9 117.3 117.7 113.4 114.8 116.1 117.3 115.4

1999 118.0 118.4 118.7 119.0 119.3 119.6 119.9 120.1 120.4 120.6 120.9 121.1 118.4 119.3 120.1 120.9 119.7

2000 121.3 121.5 121.7 121.9 122.1 122.2 122.4 122.6 122.7 122.9 123.0 123.2 121.5 122.1 122.6 123.0 122.3

2001 123.3 123.4 123.5 123.6 123.7 123.8 123.9 124.0 124.0 124.0 124.1 124.1 123.4 123.7 124.0 124.1 123.8

2002 124.1 124.1 124.1 124.1 124.0 124.0 124.0 123.9 123.9 123.8 123.7 123.7 124.1 124.0 123.9 123.7 123.9

2003 123.6 123.5 123.5 123.4 123.3 123.3 123.2 123.1 123.1 123.0 122.9 122.8 123.5 123.3 123.1 122.9 123.2

2004 122.8 122.7 122.6 122.5 122.5 122.4 122.4 122.4 122.3 122.3 122.4 122.4 122.7 122.5 122.4 122.4 122.5

2005 122.5 122.6 122.7 122.8 123.0 123.1 123.3 123.5 123.7 123.9 124.1 124.3 122.6 123.0 123.5 124.1 123.3

2006 124.6 124.8 125.0 125.2 125.3 125.5 125.7 125.9 126.0 126.1 126.3 126.4 124.8 125.3 125.8 126.3 125.6

2007 126.5 126.6 126.7 126.8 126.9 127.0 127.1 127.1 127.2 127.2 127.3 127.3 126.6 126.9 127.1 127.3 127.0

2008 127.3 127.3 127.3 127.2 127.2 127.1 127.0 126.9 126.8 126.6 126.4 126.2 127.3 127.2 126.9 126.4 126.9

2009 126.0 125.8 125.5 125.2 124.9 124.6 124.3 124.0 123.7 123.4 123.0 122.7 125.8 124.9 124.0 123.0 124.4

2010 122.4 122.1 121.8 121.5 121.2 121.0 120.7 120.5 120.2 120.0 119.8 119.6 122.1 121.2 120.5 119.8 120.9

2011 119.4 119.3 119.1 119.0 119.0 118.9 118.9 118.9 118.9 119.0 119.1 119.2 119.3 119.0 118.9 119.1 119.1

2012 119.3 119.4 119.5 119.7 119.8 120.0 120.1 120.3 120.5 120.6 120.8 120.9 119.4 119.8 120.3 120.8 120.1

2013 121.1 121.3 121.4 121.6 121.7 121.9 122.1 122.2 122.4 122.6 122.8 123.0 121.3 121.7 122.2 122.8 122.0

2014 123.2 123.4

Utilization

(percent)

1984 77.7 78.4 78.6 78.8 78.8 79.0 79.2 79.1 78.7 78.9 78.9 79.0 78.2 78.9 79.0 78.9 78.8

1985 78.5 78.2 78.7 78.3 78.3 78.2 77.7 78.1 78.1 77.8 78.1 78.4 78.5 78.3 78.0 78.1 78.2

1986 79.3 78.7 78.4 78.6 78.7 78.5 78.7 78.7 78.7 78.9 79.2 79.6 78.8 78.6 78.7 79.2 78.8

1987 79.2 80.1 80.1 80.3 80.7 80.8 81.2 81.4 81.7 82.9 83.3 83.7 79.8 80.6 81.4 83.3 81.3

1988 83.5 83.6 83.8 84.5 84.3 84.3 84.2 84.3 84.6 84.9 85.1 85.4 83.6 84.4 84.4 85.1 84.4

1989 86.1 85.1 85.0 85.0 84.0 84.0 82.7 83.3 82.8 82.4 82.4 82.2 85.4 84.3 82.9 82.3 83.7

1990 81.8 82.9 83.0 82.7 82.6 82.6 82.3 82.4 82.3 81.4 80.3 79.5 82.6 82.6 82.3 80.4 82.0

1991 78.8 78.1 77.4 77.5 78.0 78.7 78.8 78.9 79.7 79.4 79.1 78.8 78.1 78.1 79.1 79.1 78.6

1992 78.0 78.6 79.3 79.5 79.8 79.8 80.3 79.8 79.6 79.9 80.0 79.8 78.6 79.7 79.9 79.9 79.5

1993 80.5 80.5 80.2 80.5 80.3 80.0 80.2 79.9 80.2 80.8 81.0 81.3 80.4 80.3 80.1 81.0 80.4

1994 81.3 81.2 82.1 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.8 84.5 81.5 82.6 83.0 83.9 82.8

1995 84.4 83.9 83.7 83.2 82.9 83.0 82.1 82.6 82.9 82.4 82.1 82.0 84.0 83.0 82.5 82.2 82.9

1996 80.9 81.7 81.2 81.9 82.2 82.6 82.4 82.4 82.7 82.0 82.4 82.7 81.3 82.2 82.5 82.3 82.1

1997 82.3 82.9 83.3 82.5 82.6 82.6 82.6 83.0 83.1 83.3 83.7 83.4 82.8 82.5 82.9 83.5 82.9

1998 83.5 83.1 82.6 82.4 82.4 81.2 80.2 81.8 80.9 81.2 80.9 80.8 83.1 82.0 81.0 80.9 81.7

1999 80.5 80.6 80.0 79.8 80.2 79.4 79.3 79.6 79.0 80.0 80.1 80.2 80.4 79.8 79.3 80.1 79.9

2000 79.9 79.6 79.7 79.9 79.4 79.2 79.0 78.1 78.2 77.8 77.3 76.5 79.7 79.5 78.4 77.2 78.7

2001 76.0 75.5 75.2 75.1 74.5 74.0 73.8 73.4 73.2 72.7 72.5 72.6 75.6 74.5 73.5 72.6 74.1

2002 73.1 73.0 73.5 73.7 74.1 75.0 74.7 74.8 74.9 74.6 74.9 74.6 73.2 74.3 74.8 74.7 74.2

2003 74.9 74.9 75.0 74.2 74.2 74.4 74.6 74.1 74.7 74.6 75.4 75.2 74.9 74.3 74.4 75.1 74.7

2004 75.2 75.7 75.6 76.0 76.6 76.1 76.8 77.1 77.1 77.8 77.7 78.2 75.5 76.2 77.0 77.9 76.7

2005 78.6 79.1 78.6 78.7 78.8 78.8 78.4 78.4 77.2 78.2 78.7 78.6 78.8 78.8 78.0 78.5 78.5

2006 79.1 78.7 78.5 78.7 78.2 78.3 77.9 78.2 78.0 77.6 77.5 78.6 78.7 78.4 78.0 77.9 78.3

2007 78.0 78.2 78.6 78.9 78.9 79.2 79.3 78.8 79.1 78.5 78.7 78.7 78.3 79.0 79.1 78.7 78.7

2008 78.3 77.7 77.4 76.4 76.0 75.6 74.8 74.0 71.4 71.2 69.8 67.7 77.8 76.0 73.4 69.6 74.2

2009 65.8 65.7 64.5 64.1 63.5 63.5 64.5 65.3 66.0 66.2 67.0 67.1 65.3 63.7 65.3 66.8 65.3

2010 67.9 67.8 68.8 69.5 70.7 70.9 71.6 71.8 71.9 72.1 72.2 72.5 68.2 70.4 71.7 72.3 70.6

2011 72.7 72.7 73.4 72.9 73.1 73.2 73.9 74.0 74.3 74.7 74.6 75.0 72.9 73.1 74.1 74.7 73.7

2012 75.7 76.1 75.6 76.1 75.7 75.9 76.1 75.6 75.5 75.0 75.9 76.4 75.8 75.9 75.7 75.8 75.8

2013 76.1 76.5 76.4 76.1 76.1 76.3 75.8 76.3 76.4 76.6 76.6 76.6 76.3 76.2 76.2 76.6 76.3

2014 75.7 76.3

NOTE: Estimates from October 2013 through February 2014 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.

31
Table 12

ANNUAL PROPORTIONS IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY

Item 2006 2007 2008 2009 2010 2011 2012 2013

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 55.9 54.7 55.1 56.4 54.1 53.4 53.4 52.7

Consumer goods 28.4 27.3 27.3 29.6 27.9 27.5 27.2 26.8

Durable 6.9 6.7 6.3 6.2 5.8 5.6 5.8 5.9

Automotive products 3.2 3.3 3.0 3.1 3.0 2.8 3.0 3.0

Home electronics .4 .3 .3 .3 .2 .1 .1 .1

Appliances, furniture, carpeting 1.2 1.1 1.0 .9 .8 .8 .8 .8

Miscellaneous goods 2.2 2.0 2.0 1.9 1.9 1.9 1.9 2.0

Nondurable 21.5 20.6 21.0 23.4 22.1 21.9 21.4 20.9

Non-energy 16.2 15.6 16.2 17.9 16.4 16.2 16.1 15.6

Foods and tobacco 8.5 8.2 8.6 9.9 9.2 9.0 9.2 9.0

Clothing .4 .3 .3 .2 .2 .2 .2 .2

Chemical products 5.0 5.0 5.1 5.5 4.9 5.0 4.8 4.6

Paper products 1.7 1.6 1.6 1.7 1.6 1.5 1.4 1.3

Energy 5.4 5.0 4.8 5.5 5.6 5.7 5.3 5.3

Business equipment 9.8 9.8 10.0 9.4 9.2 9.2 9.6 9.5

Transit 2.1 2.1 2.0 1.9 2.1 1.9 2.2 2.2

Information processing 2.8 2.7 2.7 2.6 2.3 2.1 2.1 2.0

Industrial and other 4.9 5.0 5.2 4.9 4.9 5.2 5.3 5.2

Defense and space equipment 1.5 1.8 2.0 2.3 2.4 2.2 2.3 2.3

Construction supplies 5.1 4.9 4.8 4.2 4.1 4.1 4.1 4.1

Business supplies 10.3 10.1 10.2 10.4 9.9 9.7 9.5 9.3

Materials 44.1 45.3 44.9 43.6 45.9 46.6 46.6 47.3

Non-energy 28.5 28.3 28.1 27.0 28.4 28.9 29.0 28.5

Durable 17.6 17.3 17.1 15.3 16.6 17.3 17.6 17.3

Consumer parts 3.1 2.9 2.6 1.9 2.3 2.4 2.5 2.5

Equipment parts 6.0 6.1 6.4 5.9 6.1 6.5 6.6 6.4

Other 8.5 8.4 8.2 7.5 8.2 8.5 8.5 8.5

Nondurable 10.9 11.0 11.0 11.7 11.8 11.6 11.4 11.2

Textile .6 .5 .4 .4 .5 .4 .4 .4

Paper 2.3 2.2 2.3 2.3 2.2 2.1 2.0 1.9

Chemical 4.9 5.2 4.9 5.2 5.7 5.6 5.7 5.7

Energy 15.6 17.0 16.8 16.5 17.6 17.7 17.6 18.8

INDUSTRY GROUPS

Manufacturing 77.6 76.1 75.8 75.7 74.8 74.8 75.5 74.3

Manufacturing (NAICS) 31–33 73.7 72.5 72.2 72.1 71.7 71.9 72.7 71.8

Durable manufacturing 39.3 39.2 39.2 36.5 36.9 37.2 38.2 38.0

Wood products 321 1.4 1.2 1.1 1.0 .9 .9 .9 .9

Nonmetallic mineral products 327 2.3 2.2 2.0 1.7 1.6 1.6 1.5 1.5

Primary metals 331 2.7 2.7 2.5 2.1 2.9 3.1 3.1 3.1

Fabricated metal products 332 5.5 5.8 6.0 5.3 5.2 5.4 5.6 5.6

Machinery 333 5.0 5.1 5.4 4.9 5.1 5.6 5.7 5.6

Computer and electronic products 334 7.0 6.8 7.0 6.6 6.4 6.2 6.3 6.1

Electrical equip., appliances,

and components 335 1.9 1.9 2.0 1.9 1.8 1.8 1.8 1.8

Motor vehicles and parts 3361–3 5.5 5.2 4.5 4.0 4.5 4.2 4.5 4.5

Aerospace and miscellaneous

transportation equipment 3364–9 3.4 4.0 4.3 4.6 4.4 4.3 4.6 4.6

Furniture and related products 337 1.5 1.4 1.4 1.1 1.0 1.0 1.0 1.0

Miscellaneous 339 3.1 2.9 3.2 3.4 3.2 3.1 3.1 3.2

Nondurable manufacturing 34.3 33.3 33.0 35.6 34.7 34.7 34.4 33.8

Food, beverage, and tobacco products 311,2 10.1 9.9 10.5 12.1 11.2 10.9 11.1 10.9

Textile and product mills 313,4 1.1 .9 .8 .7 .7 .7 .7 .7

Apparel and leather 315,6 .6 .4 .4 .3 .3 .3 .3 .2

Paper 322 2.6 2.5 2.6 2.8 2.6 2.6 2.4 2.3

Printing and support 323 1.9 1.9 1.9 1.8 1.6 1.5 1.4 1.3

Petroleum and coal products 324 4.0 3.3 2.7 3.1 3.6 4.0 3.9 3.8

Chemicals 325 10.9 11.3 11.2 11.9 11.8 11.8 11.7 11.6

Plastics and rubber products 326 3.2 3.0 3.0 2.9 2.9 2.9 2.9 3.0

Other manufacturing (non-NAICS) 1133,5111 3.9 3.6 3.6 3.6 3.1 3.0 2.8 2.5

Mining 21 12.8 14.1 13.7 12.6 14.0 14.6 14.6 15.9

Utilities 2211,2 9.6 9.8 10.5 11.7 11.2 10.6 9.9 9.8

Electric 2211 8.0 8.1 8.8 10.0 9.7 9.3 8.8 8.5

Natural gas 2212 1.6 1.7 1.7 1.7 1.5 1.3 1.1 1.3

NOTE: The IP proportion data are estimates of the industries’ relative contributions to the overall change in IP between the reference year and the following year. For example, a

1 percent increase in durable goods manufacturing between 2013 and 2014 would account for a 0.383 percent increase in total IP.

32
Table 13

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY

Seasonally adjusted

2007=100 Percent change

2013 2014 2013 2014 Feb. ’13 to

Industrial production Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rSept.r Oct.r Nov.r Dec.rJan.rFeb.rFeb. ’14

Total index 100.7 100.9 101.4 101.5 101.3 102.0 .7 .2 .6 .0 -.1 .6 3.0

Previous estimates 100.2 100.4 101.2 101.2 101.0 101.6 .6 .2 .8 .0 -.2 .6 2.8

Major market groups

Final Products 97.7 98.1 98.3 98.7 98.3 99.1 .9 .3 .2 .4 -.4 .9 2.7

Consumer goods 94.9 95.4 95.8 96.5 95.9 96.7 .9 .5 .4 .7 -.5 .8 2.6

Business equipment 103.4 103.5 103.3 102.7 102.8 104.0 1.1 .1 -.2 -.6 .0 1.2 3.4

Nonindustrial supplies 89.4 89.8 90.1 90.1 89.6 90.2 .8 .5 .3 -.1 -.5 .6 2.2

Construction 82.0 82.8 83.0 82.4 82.3 82.3 .9 .9 .3 -.8 -.2 .1 .8

Materials 107.4 107.3 108.3 108.1 108.2 108.7 .5 -.1 .9 -.2 .1 .5 3.4

Major industry groups

Manufacturing (see note below) 96.9 97.3 97.6 97.7 96.8 97.7 .3 .4 .3 .1 -.9 .9 1.8

Previous estimates 96.3 96.7 97.1 97.2 96.4 97.2 .2 .5 .4 .2 -.9 .8 1.5

Mining 122.6 120.3 121.6 121.3 122.7 122.7 1.6 -1.9 1.1 -.2 1.1 .0 5.9

Utilities 100.3 101.8 103.7 103.8 107.2 107.0 2.8 1.5 1.9 .1 3.3 -.2 7.2

Capacity

Percent of capacity growth

Average 1988- 1990- 1994- 2008-

1972- 89 91 95 09 2013 2013 2014 Feb. ’13 to

Capacity utilization 2013 high low high low Feb. Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rFeb. ’14

Total industry 80.1 85.3 78.7 85.0 66.9 77.8 78.3 78.2 78.5 78.4 78.1 78.4 2.1

Previous estimates 80.1 85.2 78.8 85.0 66.9 78.1 78.4 78.4 78.9 78.8 78.5 78.8 1.9

Manufacturing (see note below) 78.7 85.6 77.3 84.6 63.9 76.1 76.2 76.4 76.4 76.3 75.5 76.0 2.0

Previous estimates 78.7 85.6 77.3 84.6 64.0 76.5 76.3 76.5 76.7 76.7 75.9 76.4 1.6

Mining 87.3 86.3 83.8 88.5 78.8 86.5 89.5 87.5 88.0 87.5 88.1 87.7 4.5

Utilities 86.1 92.9 84.3 93.3 78.5 79.0 79.2 80.3 81.8 81.8 84.5 84.2 .5

Stage-of-process groups

Crude 86.3 87.7 84.4 89.6 76.8 85.3 87.4 85.9 86.2 85.8 85.6 85.7 3.6

Primary and semifinished 80.8 86.5 77.9 87.7 64.2 75.9 76.4 77.0 77.5 77.3 77.3 77.5 1.0

Finished 77.1 83.4 77.4 80.6 66.8 76.6 76.2 76.1 76.1 76.2 75.4 76.1 3.0

r Revised.

Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise

manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS);

electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry

and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information

respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC)

system. In December 2002 the Federal Reserve reclassified all of its industrial output data from the SIC system to NAICS.

33
EXPLANATORY NOTE

The Industrial Production and Capacity Utilization statistical

release, which is published around the middle of the month, reports

measures of output, capacity, and capacity utilization in

manufacturing, mining, and the electric and gas utilities industries.

More detailed descriptions of industrial production and capacity

utilization are available on the Board’s website at

www.federalreserve.gov/releases/G17. In addition, files containing

data shown in the release, more detailed series that were published in

the G.17 prior to December 2000, and historical data are available

from the Data Download Program on the Board’s website.

Instructions for searching for and downloading specific series are

provided as well.

INDUSTRIAL PRODUCTION

Coverage. The industrial production (IP) index measures the real

output of the manufacturing, mining, and electric and gas utilities

industries; the reference period for the index is 2007. Manufacturing

consists of those industries included in the North American Industry

Classification System, 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 2007 NAICS codes. These individual

series are classified in two ways: (1) market groups, and (2) industry

groups. Market groups consist of products and materials. Total

products are the aggregate of final products, such as consumer goods

and equipment, and nonindustrial supplies (which are inputs to

nonindustrial sectors). Materials are inputs in the manufacture of

products. Major industry groups include three-digit NAICS industries

and aggregates of these industries—for example, durable and

nondurable manufacturing, mining, and utilities. A complete

description of the market and industry structures, including details

regarding series classification, relative importance weights, and data

sources, is available on the Board’s website at

(www.federalreserve.gov/releases/G17/About.htm).

Source data. On a monthly basis, the individual indexes of industrial

production are constructed from two main types of source data: (1)

output measured in physical units, and (2) data on inputs to the

production process, from which output is inferred. Data on physical

products, such as tons of steel or barrels of oil, are typically obtained

from private trade associations and from government agencies; data of

this type are used to estimate monthly IP wherever possible and

appropriate. Production indexes for a few industries are derived by

dividing estimated nominal output (calculated using unit production

or sales and unit values) by a corresponding Fisher price index; the

most notable of these fall within the high-technology grouping and

include semiconductors. When suitable data on physical product are

not available, estimates of output are based on production-worker

hours by industry. Data on hours worked by production workers are

collected in the monthly establishment survey conducted by the

Bureau of Labor Statistics. The factors used to convert inputs into

estimates of production are based on historical relationships between

the inputs and the comprehensive annual data used to benchmark the

IP indexes; these factors also may be influenced by technological or

cyclical developments. The annual data used in benchmarking the

individual IP indexes are constructed from a variety of source data,

such as the quinquennial Censuses of Manufactures and Mineral

Industries and the Annual Survey of Manufactures, prepared by the

Bureau of the Census; the Minerals Yearbook, prepared by the U.S.

Geological Survey of the Department of the Interior; and publications

of the Department of Energy.

Aggregation Methodology and Weights. The aggregation method

for the IP index is a version of the Fisher-ideal index formula. (For a

detailed discussion of the aggregation method, see The Federal

Reserve Bulletin February 1997 and March 2001.) In the IP index,

series that measure the output of an individual industry are combined

using weights derived from their proportion in the total value-added

output of all industries. The IP index, which extends back to 1919, is

built as a chain-type index since 1972. The current formula for the

growth in monthly IP (or any of the sub-aggregates) since 1972 is the

geometric mean of the change in output (I), and, as can be seen

below, is computed using the unit value added estimate for the current

month (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 6 percent. If output in this industry increased

10 percent in a month, then this gain would boost growth in total IP

by 6/10 percentage point (0.06 x 10% = 0.6%). To assist users with

calculations, the Federal Reserve’s website provides supplemental

monthly statistics that represent the exact proportionate contribution

of a monthly change in a component index to the monthly change in

the total index (www.federalreserve.gov/

releases/G17/ipdisk/ipweightssa.txt).

Timing. The first estimate of output for a month is published around

the 15th of the following month. The estimate is preliminary (denoted

by the superscript “p” in tables) and subject to revision in each of the

subsequent five months as new source data become available.

(Revised estimates are denoted by the superscript “r” in tables.) For

the first estimate of output for a given month, about 67 percent of the

source data (in value-added terms) are available; the fraction of

available source data increases to 81 percent for estimates in the

second month that the estimate is published, 93 percent in the third

month, 96 percent in the fourth month, 99 percent in the fifth month,

and 99 percent in the sixth month. Data availability by data type in

early 2011 is summarized in the table below:

Availability of Monthly IP Data in Publication Window

(Percent of value added in 2011)

Month of estimate

Type of data 1st 2nd 3rd 4th 5th 6th

Physical product 27 41 53 55 58 58

Production-worker hours 41 41 41 41 41 41

IP data received 67 81 93 96 99 99

IP data estimated 33 19 7 4 1 1

The physical product group includes series based on either monthly or

quarterly data. As can be seen in the first row of the table, in the first

month, a physical product indicator is available for about one-half of

the series (in terms of value added) that ultimately are based on

physical product data (27 percent out of a total of 58 percent). Of the

27 percent, about two-thirds (19 percent of total IP) include series that

are derived from weekly physical product data and for which actual

monthly data may lag up to several months. On average, quarterly

product data are received for the fourth estimate of industrial

production. Specifically, quarterly data are available for the third

estimate of the last month of a quarter, the fourth estimate of the

second month of a quarter, and the fifth estimate of the first month of

a quarter.

Seasonal adjustment. Individual series are seasonally adjusted using

Census X-12 ARIMA. For series based on production-worker hours,

the current seasonal factors were estimated with data through January

2014; for other series, the factors were estimated with data through at

least December 2013. Series are pre-adjusted for the effects of

holidays or the business cycle when appropriate. For the data since

1972, all seasonally adjusted aggregate indexes are calculated by

aggregating the seasonally adjusted indexes of the individual series.

Reliability. The average revision to the level of the total IP index,

without regard to sign, between the first and the fourth estimates was

0.27 percent during the 1987–2010 period. The average revision to

the percent change in total IP, without regard to sign, from the first to

the fourth estimates was 0.21 percentage point during the 1987–2010

period. In most cases (about 85 percent), the direction of the change

in output indicated by the first estimate for a given month is the same

as that shown by the fourth estimate.

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Rounding. The published percent changes are calculated from

unrounded indexes, and may not be the same as percent changes

calculated from the rounded indexes shown in the release.

CAPACITY UTILIZATION

Overview. The Federal Reserve Board constructs estimates of

capacity and capacity utilization for industries in manufacturing,

mining, and electric and gas utilities. For a given industry, the

capacity utilization rate is equal to an output index (seasonally

adjusted) divided by a capacity index. The Federal Reserve Board’s

capacity indexes attempt to capture the concept of sustainable

maximum output—the greatest level of output a plant can maintain

within the framework of a realistic work schedule, after factoring in

normal downtime and assuming sufficient availability of inputs to

operate the capital in place.

Coverage. Capacity indexes are constructed for 89 detailed industries

(71 in manufacturing, 16 in mining, and 2 in utilities), which mostly

correspond to industries at the three- and four-digit NAICS level.

Estimates of capacity and utilization are available for a variety of

groups, including durable and nondurable manufacturing, total

manufacturing, mining, utilities, and total industry. Manufacturing

consists of those industries included in the North American Industry

Classification System, or NAICS, definition of manufacturing plus

those industries—logging and newspaper, periodical, book and

directory publishing—that have traditionally been considered to be

manufacturing and included in the industrial sector. Also, special

aggregates are available, such as high-technology industries and

manufacturing excluding high-technology industries.

Source Data. The monthly rates of capacity utilization are designed

to be consistent with both the monthly data on production and the

periodically available data on capacity and utilization. Because there

is no direct monthly information on overall industrial capacity or

utilization rates, the Federal Reserve first estimates annual capacity

indexes from the source data. Capacity data reported in physical units

from government sources (primarily from the U.S. Geological Survey

and the Department of Energy’s Energy Information Administration)

and trade sources are available for portions of several industries in

manufacturing (for example, paper, industrial chemicals, petroleum

refining, motor vehicles), as well as for electric utilities and mining;

these industries represent about 25 percent of total industrial capacity.

When physical product data are unavailable for manufacturing

industries, capacity indexes are based on responses to the Bureau of

the Census’s Quarterly Survey of Plant Capacity (QSPC); these

industries account for a bit less than 70 percent of total industry

capacity. In the absence of utilization data for a few mining and

petroleum series, capacity is based on trends through peaks in

production (roughly 5 percent of total industry capacity). A detailed

description of the methodology used to construct the capacity indexes

is available on the Board’s website

(www.federalreserve.gov/releases/G17/CapNotes.htm).

Aggregation Methodology. Monthly capacity aggregates are

calculated in three steps: (1) utilization aggregates are calculated on

an annual basis through the most recent full year as capacity-weighted

aggregates of individual utilization rates; (2) the annual aggregate

capacity is derived from the corresponding production and utilization

aggregates; (3) the monthly capacity aggregate is obtained by

interpolating with a Fisher index of its constituent monthly capacity

series. Utilization rates for the individual series and aggregates are

calculated by dividing the pertinent monthly production index by the

related capacity index.

Consistency. A major aim is that the Federal Reserve utilization rates

be consistent over time so that, for example, a rate of 85 percent

means about the same degree of tightness that it meant in the past. A

major task for the Federal Reserve in developing reasonable and

consistent time series of capacity and utilization is dealing with

inconsistencies between the movements of the industrial production

index and the survey-based utilization rates. The McGraw-Hill/DRI

Survey, now discontinued, was the primary source of manufacturing

utilization rates for many years. This survey of large companies

reported, on average, higher utilization rates than those reported by

establishments covered by the annual Survey of Plant Capacity (the

primary source of factory operating rates through 2006, after which it

was discontinued) for the fourteen years they overlapped.

Adjustments have been made to keep the industry utilization rates

currently reported by the Federal Reserve (now based on the QSPC)

roughly in line with rates formerly reported by McGraw-Hill. As a

consequence, the rates reported by the Federal Reserve tend to be

higher than the rates reported in the Census utilization surveys.

Perspective. Over the 1972–2013 period, the average total industry

utilization rate was 80.1 percent; for manufacturing, the average

factory operating rate was 78.7 percent. Industrial plants usually

operate at capacity utilization rates that are well below 100 percent:

none of the broad aggregates has ever reached 100 percent. For total

industry and total manufacturing, utilization rates have exceeded 90

percent only in wartime. The highs and lows in capacity utilization

are specific to each series and do not all occur in the same month.

REFERENCES AND RELEASE DATES

References. The annual revision published in June 2010 is described

in an article published in the Federal Reserve Bulletin, available on

the Board’s website at

www.federalreserve.gov/releases/G17/About.htm. A summary of

the annual revision that incorporated back to 1972 production and

capacity indexes reclassified according to the North American

Industry Classification System is available in an article in the Federal

Reserve Bulletin, vol. 89 (April 2003), pp.151-76. A description of

the aggregation methods for industrial production and capacity

utilization is included in an article in the Federal Reserve Bulletin, vol.

83 (February 1997), pp. 67-92. The Federal Reserve methodology for

constructing industry-level measures of capital is detailed in “Capital

Stock Estimates for Manufacturing Industries: Methods and Data” by

Mike Mohr and Charles Gilbert (1996), which can be obtained at

www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.

Industrial Production—1986 Edition contains a more detailed

description of the other methods used to compile the industrial

production index, plus a history of its development, a glossary of

terms, and a bibliography. The major revisions to the IP indexes and

capacity utilization since 1990 have been described in the Federal

Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,

January 1995, January 1996, February 1997, February 1998, January

1999, March 2000, March 2001, March 2002, April 2003, Winter

2004, Winter 2005).

Release Schedule

At 9:15 a.m. on

2014: January 16, February 15, March 15, April 16, May 15, June 14,

July 16, August 15, September 16, October 17, November 15, and

December 16.

35