1                                FEDERAL RESERVE STATISTICAL RELEASE                                 
 
 G.17 (419) 2019 Historical and Annual Revision                      For release at 12:00 noon (EDT)
                                                                     March 27, 2019

 Industrial Production and Capacity Utilization: The 2019 Annual Revision


       The Federal Reserve has revised its index of industrial production (IP) and the related measures of
 capacity and capacity utilization.<1>  On net, the revisions to the growth rates for total IP for recent
 years were small and positive, with the estimates for 2016 and 2017 a bit higher and the estimates for 2015
 and 2018 slightly lower.<2>  Total IP is still reported to have increased from the end of the recession in
 mid-2009 through late 2014 before declining in 2015 and rebounding in mid-2016.  Subsequently, the index
 advanced around 7-1/2 percent over 2017 and 2018.

       Capacity for total industry expanded modestly in each year from 2015 to 2017 before advancing 1-1/2
 percent in 2018; it is expected to advance about 2 percent in 2019.  Revisions for recent years were very
 small and showed slightly less expansion in most years relative to earlier reports.

       In the fourth quarter of 2018, capacity utilization for total industry stood at 79.4 percent, about
 3/4 percentage point above its previous estimate and about 1/2 percentage point below its long-run
 (1972-2018) average.  The utilization rate in 2017 is also higher than its previous estimate.

       This revision incorporated newly available annual data on output and prices.  The IP indexes for
 publishing reflect new data for 2017 and revised data for 2016 from the U.S. Census Bureau's Service Annual
 Survey, and the IP indexes for logging were updated with 2017 data from the U.S. Forest Service.  In
 addition, the indexes for metallic and nonmetallic minerals were updated with revised annual data for 2017
 from the U.S. Geological Survey (USGS).  The nominal benchmark data used for manufacturing industries--the
 Census Bureau's Census of Manufactures--are not yet available for 2017.  However, data on prices from the
 Bureau of Labor Statistics (BLS) were incorporated into most of the manufacturing indexes.

       The monthly estimates of production have been updated to include late-arriving or revised quarterly
 or monthly indicator data.  These data include direct measures of output as well as the benchmark revisions
 to production-worker hours from the BLS's Current Employment Statistics report.<3>  The monthly IP estimates
 also now reflect recalculations of seasonal factors.

        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 2018, along with new data
 on capacity from the USGS, the Energy Information Administration (EIA), and other organizations.

 RESULTS OF THE REVISION

 Industrial Production

        Manufacturing output edged up in 2016 before advancing more than 2 percent in both 2017 and 2018.
 Compared with previous reports, the gain in 2018 is a little smaller, while the rates of change for 2017
 and 2016 are larger.  Despite the net upward revision, manufacturing IP in February 2019 was about 4-1/2
 percent below its pre-recession peak.

        The revised contour for mining output is little different from before:  Output dropped significantly in
 2015 and 2016 but then jumped more than 10 percent in both 2017 and 2018.  The output of utilities advanced
 moderately in 2016 through 2018; the gains in 2016 and 2018 are now reported to be slightly weaker than
 before, while the gain in 2017 is stronger.

 Production by Industry Group

       The output of durable manufacturing industries edged down in 2016 before rising about 2-1/2 percent
 and 4 percent in 2017 and 2018, respectively.  The output of nondurable goods increased about 3/4 percent
 in 2016, jumped more than 2-1/2 percent in 2017, and then moved up about 3/4 percent again in 2018.  For
 both durable and nondurable manufacturing, current estimates of growth rates are slightly higher for 2016
 and 2017 and slightly lower in 2018 than previously reported.  The revisions for the 2016-18 period were
 generally small and were widespread across industries.

       The output index for industries in scope for manufacturing IP that are not part of manufacturing
 under the North American Industry Classification System (NAICS)--that is, logging and publishing--fell in
 every year from 2014 to 2018.  Relative to earlier reports, the index now declines more steeply in 2015 and
 2018 and less steeply in 2016 and 2017.

 Production by Market Group

       The index for consumer goods has increased in each of the past six years, with the revised index
 growing at roughly the same pace as the previously published index over this period.  Likewise, the index
 for business equipment was little revised; it increased 4.0 percent or more in both 2017 and 2018 after
 falling in the previous two years.  The indexes for construction supplies and business supplies have
 increased in each of the past three years, with somewhat stronger gains in 2016 and 2017 and weaker gains
 in 2018 than what was previously published.  The revisions to the output of defense and space equipment are
 more notable; the index is now estimated to have fallen significantly more slowly in 2017 and to have risen
 less steeply in 2018.  The index for materials has increased sharply in each of the past two years, with
 the gain in 2017 a bit faster than previously reported.

 Capacity

       Manufacturing capacity contracted slightly in 2015 but then increased modestly in subsequent years,
 with annual increases averaging about 3/4 percent.  These rates of changes are generally a little lower
 than previously reported values.  The capacity indexes for durables and nondurables have increased in
 recent years, while capacity for "other manufacturing" (logging and publishing) has declined fairly
 steeply.

       Capacity at mines declined nearly 3 percent in 2016 but then edged up in 2017 and jumped 7 percent in
 2018; it is expected to advance 5 percent in 2019.  Capacity was previously reported to have fallen in
 2017, and the rates of change for 2016 and 2018 were also revised up.  Capacity at utilities is reported to
 have increased about 1-1/2 percent per year from 2016 to 2018; these rates of increase are modestly lower
 than reported earlier.

 Capacity Utilization

       Capacity utilization for total industry declined in 2016 but rose in 2017 and 2018.<4>  The increases
 in 2017 and 2018 resulted from sizable gains in the rates for mining and from smaller advances in the rates
 for both manufacturing and utilities.  Compared with earlier estimates, capacity utilization for total
 industry is now reported to have been somewhat lower in 2015 but higher in 2017 and 2018.

       Utilization at manufacturers fell in 2016 and increased in 2017 and 2018; for the fourth quarter of
 2018, the utilization rate is estimated to have been around 1-1/4 percentage points below its long-run
 average.  The rates for 2017 and 2018 are now reported to be higher than published earlier.  By the fourth
 quarter of 2018, the utilization rate for durables was about the same as its long-run average.  By
 contrast, the utilization rate for nondurable manufacturing remained below its long-run average at the end
 of 2018 and had been so for several years.  The utilization rate for "other manufacturing" industries has
 been declining for many years; at the end of 2018, it stood far below its long-run average.

       Capacity utilization rates for mining fell in 2016 before rising sharply in 2017 and advancing
 further in 2018.  The gains in 2017 and 2018 were largely due to output increases for oil and gas
 extraction, drilling, and servicing that outstripped capacity growth.  By the end of 2018, the utilization
 rate for mining stood 5 percentage points above its long-run average of 87.1 percent.  Relative to the
 previously published rates, utilization at mines for 2018 is about 2-1/2 percentage points lower; revisions
 to other recent years were smaller.  The operating rate for utilities has been well below its long-run
 average for the past several years.  Compared with the previous estimates, utilization rates for utilities
 are slightly lower in 2015 and 2016 and somewhat higher in 2017 and 2018.

 TECHNICAL ASPECTS OF THE REVISION

       The IP indexes represent the level of real output relative to a base year.  At the monthly frequency,
 movements of the indexes are based on indicators that are derived using industry-specific data from a
 variety of government and private sources.  The monthly production indexes, however, are anchored to annual
 benchmarks that are less timely but typically based on more comprehensive data.  In most cases, the annual
 benchmark is nominal gross output reported by the Census Bureau deflated by a suitable price index.

       Annual revisions to the IP and capacity measures involve (1) incorporating new or revised annual
 benchmark data on output, prices, and value-added proportions; (2) incorporating new monthly or quarterly
 data that were revised or that arrived too late to be included in the regular six-month reporting window
 for monthly IP; (3) updating seasonal adjustment factors; and (4) updating the methods and industry
 structure used to construct the indexes.

 Annual Benchmark Data on Output, Prices, and Value-Added Proportions

 Output     

       The annual benchmark output indexes for IP are measures of real gross output at the six-digit NAICS
 level.  The Census Bureau provides annual figures for value added and for the cost of materials for
 manufacturing industries, which can be summed to obtain nominal gross output.  The Census Bureau has not
 yet published the 2017 Census of Manufactures, so new nominal benchmark data are not available for
 manufacturing.

       New annual data were incorporated for several non-manufacturing industries.  The benchmark indexes
 for metallic and nonmetallic mineral mining were updated with revised 2017 data from the USGS, and the
 benchmark indexes for logging and publishing were advanced through 2017 based on data from the U.S. Forest
 Service and the U.S. Census Bureau.

 Prices

       To obtain individual benchmarks of real gross output, the measures of nominal gross output are
 deflated by annual price deflators.  In general, the benchmark industry price deflators consist of price
 indexes from the Bureau of Economic Analysis (BEA) through 2011 that are extended with the related producer
 price indexes (PPIs) from the BLS.<5>  However, for a few selected industries, the annual price deflators are
 constructed by the Federal Reserve.<6>

 Value-Added Proportions (Weights for Aggregation)

       The IP system is organized as a hierarchical structure where the individual production indexes are
 combined using a version of the Fisher-ideal index formula to construct broader measures of production.
 Individual IP measures are combined into more aggregate measures using weights based on the value added
 from the industry (calculated as gross output less cost of materials).  Value-added weights are used to
 avoid double counting the contributions of upstream producers in the output of their downstream consumers
 (for example, to avoid double counting the contributions of steel used in automobile production).  For IP
 indexes in manufacturing that are defined at the six-digit (or more aggregate) NAICS level, the value-added
 weights are derived from either the Economic Census or the Annual Survey of Manufactures.  For IP indexes
 that cover only part of a six-digit NAICS industry, the aggregation weights are constructed by allocating
 value added (as defined by the Census Bureau) for a six-digit industry across the various components of IP
 that compose that industry.  Data from the Economic Census and the ASM on shipments of different types of
 products within a six-digit NAICS industry are used to determine the share of an industry's value added
 that is assigned to each component IP index.

       The Federal Reserve derives estimates of value added for the electric and gas utility industries from
 annual revenue and expense data issued by other organizations.  For electric utilities, the measures of
 value added incorporate data from the Energy Information Administration of the U.S. Department of Energy
 and from the Edison Electric Institute.  For gas utilities, the value-added estimates incorporate data from
 the American Gas Association.  The weights for aggregation for mining industries are derived from
 value-added data from the Economic Census.  For the years between the quinquennial Economic Censuses,
 measures of value added for mining are estimated based on both output and price changes for the industry.

       The weights for aggregation expressed as value added per unit were estimated with data on producer
 prices for the period after 2016.

 Revised Quarterly and Monthly Data

       This revision incorporated source data on production, shipments, inventories, and production-worker
 hours that became available or were revised after the regular six-month reporting window for monthly IP was
 closed.  These data were released with too great of a lag to be included with monthly IP estimates but were
 available for inclusion in the annual revision.  The revised IP indexes include information from the QSPC
 for 2018 and from other industry reports.

 Revised Seasonal Factors   

       Seasonal factors for production-worker hours--which adjust for timing, holiday, and monthly seasonal
 patterns--were updated with data through January 2019.  The updated factors for the physical product
 series, which include adjustments for holiday and workday patterns, used data through December 2018 where
 available.

       Seasonal factors for unit motor vehicle assemblies have been updated, and projections through June
 2020 are available on the Board's website at https://www.federalreserve.gov/releases/g17/mvsf.htm.  These
 factors are based on production data through January 2019 and were revised back to January 2014.  The
 seasonal factors explicitly incorporate the holiday schedule for the industry specified in the latest
 collective bargaining agreements with domestic manufacturers.

 Methodological Changes to Individual Production and Capacity Indexes

 Consolidation of Production Indexes for Wool Fabrics and for Cotton and Synthetic Fabrics

       This revision combines the indexes for wool fabrics (NAICS 31321pt.) and cotton and synthetic fabrics
 (NAICS 31321pt.) into a consolidated index for broadwoven fabric mills (NAICS 31321).<7>  The individual
 indexes for both wool fabrics and cotton and for synthetic fabrics used production-worker hours as an
 indicator of output for the period from 2003 to the present, and the consolidated index relies on
 production-worker hours.  For the period prior to 2003, the monthly index relies on data from other sources
 (a combination of physical product data and electric power usage).

  Change in Source Data for Four Production Indexes

       With this revision, four indexes that previously were based on physical product data are now based on
 production-worker hours.  The changes occurred because the issuing organizations discontinued the reports
 from which the physical product data were derived.  The affected indexes include artificial and synthetic
 fibers and filaments (NAICS 32522); copper refining (NAICS 33141pt.); copper rolling, drawing, extruding,
 and alloying (NAICS 33142); and office furniture (NAICS 3372).  For office furniture, the monthly
 production index is based on physical product data for the period from 1972 to 2012 and on
 production-worker hours thereafter.  The other three indexes are based on physical product data from 1972
 to 2017 and on production-worker hours thereafter.

  New Annual Data for Military Aircraft Production Index

       The monthly production index for military aircraft (NAICS 336411pt.) is based on production-worker
 hours for overall aircraft and is influenced by the value of expected and actual annual deliveries for
 different types of military aircraft for years when benchmark data are not yet available.  Prior to this
 revision, the sources for the value of deliveries were manufacturers' reports for certain aircraft models.
 The source data used in this revision also include information on deliveries and prices from Aviation Week
 that were not used previously.

   Changes to Capacity Index for Artificial and Synthetic Fibers and Filaments

       With this revision, the capacity index for artificial and synthetic fibers and filaments (NAICS
 32522) for the period beginning in 2017 is based on data from the Census Bureau's Quarterly Survey of Plant
 Capacity and Utilization.  For the period prior to 2017, the capacity index remains based on data for
 capacity in pounds from the Fiber Economics Bureau.

 Updated Base Year for Gross Value of Output Measures

        This revision updates the base year used in the published measures of gross value of final products and
 nonindustrial supplies.  The measures are now reported in billions of 2012 dollars, which is consistent
 with the measures reported in the national income and product accounts published by the BEA.
 Notice
 Data Availability and Publication Changes

       Files containing the revised data and the text and tables from this release are available on the
 Board's website at https://www.federalreserve.gov/releases/g17, as are updated data for the annual revision
 and for all of the regularly issued series on IP, capacity, and capacity utilization.  Other changes are
 listed on the Board's website at https://www.federalreserve.gov/releases/g17/g17_revision_series.htm.

 <1> The revision affected rates of change for IP from 1972 forward.  When necessary to maintain consistency
 with any revisions to the data for 1972 and subsequent years, the levels of production for the years before
 1972 were multiplied by a constant.  However, the rates of change in IP for the years before 1972 were not
 revised.  Utilization rates and capacity growth rates were revised minimally between 1968 and 1971, but
 they were unchanged before then.
 <2> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth
 quarter of the previous year to the fourth quarter of the year specified.
 <3> Production-worker hours are used as output indicators for IP indexes for which no direct measures of
 production are available.
 <4> Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the
 reference year.
 <5> Overall, at the industry level, the BEA and PPI measures are quite similar, as the BEA used weighted
 product-level PPIs to derive its industry-level shipments deflator.
 <6> For selected industries, the Federal Reserve constructs price indexes from alternative sources.  These
 industries include communications equipment (NAICS 3342), computer storage devices (NAICS 334112),
 semiconductors (NAICS 334413), and pharmaceuticals (NAICS 325412).  Updated price indexes for computer
 storage devices are  available on the Board's website at https://www.federalreserve.gov/releases/g17.
 <7> Industry codes followed by "pt." indicate that the index covers only part of the entire NAICS code listed.



 ------------------------------------------------------------
1Table 1A
 Industrial Production : Total
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <1>
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1989           |    .3    -.5     .2     .1    -.7     .0    -.9     .9    -.3    -.1     .3     .6 |   1.8   -1.4   -2.4    1.7 |       .9 
  1990           |   -.7    1.0     .5    -.2     .2     .3    -.1     .3     .1    -.8   -1.2    -.7 |   2.7    3.0    1.7   -6.1 |      1.0 
                 |                                                                                    |                            |
  1991           |   -.4    -.7    -.5     .2    1.0     .9     .1     .1     .9    -.2    -.1    -.4 |  -7.3    2.4    5.8     .9 |     -1.5 
  1992           |   -.6     .7     .8     .8     .3     .0     .9    -.5     .2     .7     .4     .1 |   -.4    7.3    3.1    4.3 |      2.9 
  1993           |    .4     .4    -.1     .4    -.3     .2     .3    -.1     .5     .8     .4     .5 |   3.6     .9    1.6    6.2 |      3.3 
  1994           |    .4     .0    1.0     .6     .5     .6     .2     .6     .4     .8     .6    1.1 |   5.1    7.4    5.2    8.6 |      5.3 
  1995           |    .2    -.2     .1    -.1     .3     .3    -.4    1.3     .4    -.1     .3     .4 |   4.2    1.3    3.7    3.5 |      4.6 
                 |                                                                                    |                            |
  1996           |   -.7    1.5    -.1     .9     .7     .8    -.1     .6     .7    -.1     .9     .6 |   2.7    8.9    5.3    5.7 |      4.5 
  1997           |    .1    1.2     .7     .0     .6     .5     .8    1.0     .9     .9     .9     .3 |   7.9    5.8    9.5   10.4 |      7.2 
  1998           |    .5     .1     .1     .4     .6    -.6    -.3    2.1    -.2     .8    -.1     .4 |   4.6    2.7    3.0    5.9 |      5.8 
  1999           |    .5     .5     .2     .3     .7    -.2     .6     .4    -.4    1.3     .5     .8 |   4.5    3.9    3.6    7.3 |      4.4 
  2000           |    .0     .3     .4     .7     .2     .1    -.2    -.3     .4    -.3     .0    -.3 |   4.1    4.9    -.4    -.8 |      3.9 
                 |                                                                                    |                            |
  2001           |   -.6    -.6    -.2    -.3    -.6    -.6    -.6    -.1    -.4    -.4    -.5     .0 |  -5.2   -5.0   -5.4   -4.1 |     -3.1 
  2002           |    .6     .0     .8     .4     .4    1.0    -.2     .0     .1    -.3     .5    -.5 |   3.0    6.4    2.4    -.1 |       .4 
  2003           |    .8     .1    -.2    -.7     .0     .2     .4    -.1     .6     .1     .8    -.1 |   2.5   -3.0    2.7    4.0 |      1.3 
  2004           |    .3     .6    -.5     .5     .8    -.8     .8     .1     .1    1.0     .2     .7 |   2.8    2.3    2.2    5.8 |      2.7 
  2005           |    .5     .7    -.2     .2     .1     .4    -.3     .3   -1.9    1.3    1.0     .6 |   5.9    2.0   -1.8    3.9 |      3.3 
                 |                                                                                    |                            |
  2006           |    .1     .0     .2     .4    -.1     .4     .0     .4    -.2    -.1    -.1    1.0 |   3.8    2.4    1.5     .9 |      2.3 
  2007           |   -.5    1.0     .2     .7     .0     .0     .0     .2     .4    -.4     .6     .0 |   3.6    5.0    1.1    1.2 |      2.5 
  2008           |   -.3    -.3    -.2    -.8    -.6    -.2    -.5   -1.5   -4.3    1.0   -1.3   -2.9 |  -1.5   -5.8  -12.5  -16.0 |     -3.5 
  2009           |  -2.4    -.6   -1.6    -.8   -1.0    -.4    1.1    1.1     .8     .3     .4     .3 | -20.6  -10.9    6.1    6.4 |    -11.5 
  2010           |   1.2     .4     .7     .4    1.5     .1     .4     .3     .2    -.3     .0    1.0 |   8.1    8.1    5.3    1.3 |      5.5 
                 |                                                                                    |                            |
  2011           |   -.1    -.4    1.0    -.4     .2     .3     .5     .6     .0     .7    -.1     .6 |   2.3    1.6    4.8    4.0 |      3.1 
  2012           |    .6     .2    -.5     .8     .2     .0     .3    -.5     .0     .2     .5     .4 |   3.9    2.6     .0    2.1 |      3.0 
  2013           |   -.1     .6     .4    -.2     .1     .2    -.4     .7     .5    -.2     .3     .3 |   3.2    1.7    1.4    2.8 |      2.0 
  2014           |   -.4     .8    1.0     .0     .4     .4     .2    -.1     .3     .0     .8    -.1 |   3.1    5.5    2.4    2.7 |      3.1 
  2015           |   -.5    -.5    -.3    -.6    -.4    -.3     .6    -.2    -.4    -.4    -.7    -.6 |  -3.0   -5.3    -.1   -5.1 |     -1.0 
                 |                                                                                    |                            |
  2016           |    .8    -.7    -.8     .1    -.1     .4     .3    -.1     .0     .2    -.2     .9 |  -2.1   -2.3    1.8    1.3 |     -2.0 
  2017           |    .1    -.4     .7     .9     .1     .2     .0    -.5     .0    1.5     .5     .3 |   2.4    5.6    -.8    7.5 |      2.3 
  2018           |   -.3     .4     .6     .9    -.8     .8     .4     .8     .1     .1     .7    -.1 |   2.3    4.6    5.2    3.7 |      3.9 
  2019           |   -.1     .0                                                                       |                            |          
                 |                                                                                    |                            |
 IP (2012=100)   |                                                                                    |                            |
  1989           |  64.0   63.7   63.9   63.9   63.5   63.5   62.9   63.5   63.3   63.3   63.5   63.8 |  63.9   63.6   63.2   63.5 |     63.6 
  1990           |  63.4   64.0   64.4   64.3   64.4   64.6   64.5   64.7   64.8   64.3   63.6   63.2 |  63.9   64.4   64.7   63.7 |     64.2 
                 |                                                                                    |                            |
  1991           |  62.9   62.4   62.1   62.2   62.9   63.4   63.5   63.6   64.1   64.0   63.9   63.7 |  62.5   62.8   63.7   63.9 |     63.2 
  1992           |  63.3   63.8   64.3   64.8   65.0   65.0   65.6   65.3   65.4   65.9   66.2   66.3 |  63.8   65.0   65.5   66.1 |     65.1 
  1993           |  66.6   66.9   66.8   67.0   66.8   66.9   67.1   67.0   67.3   67.9   68.1   68.5 |  66.7   66.9   67.1   68.2 |     67.2 
  1994           |  68.8   68.8   69.5   69.9   70.2   70.7   70.8   71.2   71.5   72.1   72.5   73.3 |  69.0   70.3   71.2   72.6 |     70.8 
  1995           |  73.4   73.3   73.4   73.4   73.6   73.9   73.6   74.5   74.8   74.7   74.9   75.2 |  73.4   73.6   74.3   74.9 |     74.0 
                 |                                                                                    |                            |
  1996           |  74.7   75.8   75.8   76.5   77.0   77.7   77.6   78.0   78.6   78.5   79.2   79.7 |  75.4   77.0   78.0   79.1 |     77.4 
  1997           |  79.8   80.8   81.3   81.4   81.8   82.2   82.9   83.7   84.5   85.2   85.9   86.2 |  80.7   81.8   83.7   85.8 |     83.0 
  1998           |  86.6   86.8   86.8   87.1   87.7   87.1   86.8   88.6   88.5   89.2   89.1   89.4 |  86.7   87.3   88.0   89.2 |     87.8 
  1999           |  89.9   90.3   90.5   90.7   91.4   91.2   91.8   92.2   91.8   93.0   93.4   94.2 |  90.2   91.1   91.9   93.5 |     91.7 
  2000           |  94.2   94.5   94.8   95.5   95.6   95.7   95.6   95.3   95.7   95.4   95.4   95.2 |  94.5   95.6   95.5   95.3 |     95.2 
                 |                                                                                    |                            |
  2001           |  94.5   93.9   93.7   93.4   92.9   92.3   91.8   91.7   91.3   90.9   90.5   90.5 |  94.1   92.9   91.6   90.6 |     92.3 
  2002           |  91.1   91.1   91.8   92.2   92.6   93.4   93.2   93.2   93.4   93.1   93.6   93.1 |  91.3   92.7   93.3   93.3 |     92.6 
  2003           |  93.8   94.0   93.7   93.1   93.1   93.2   93.7   93.5   94.1   94.2   94.9   94.9 |  93.8   93.1   93.8   94.7 |     93.8 
  2004           |  95.1   95.7   95.2   95.6   96.4   95.6   96.3   96.4   96.5   97.4   97.6   98.3 |  95.3   95.9   96.4   97.8 |     96.4 
  2005           |  98.8   99.5   99.3   99.5   99.6  100.0   99.7   99.9   98.1   99.3  100.3  100.9 |  99.2   99.7   99.2  100.2 |     99.6 
                 |                                                                                    |                            |
  2006           | 101.1  101.1  101.3  101.7  101.6  102.0  101.9  102.3  102.1  102.1  102.0  103.0 | 101.1  101.7  102.1  102.4 |    101.8 
  2007           | 102.5  103.5  103.8  104.5  104.5  104.6  104.5  104.8  105.2  104.7  105.3  105.3 | 103.3  104.5  104.8  105.1 |    104.4 
  2008           | 105.1  104.7  104.5  103.7  103.1  102.8  102.3  100.7   96.4   97.3   96.1   93.3 | 104.7  103.2   99.8   95.5 |    100.8 
  2009           |  91.0   90.5   89.0   88.3   87.4   87.1   88.0   89.0   89.7   90.0   90.3   90.6 |  90.2   87.6   88.9   90.3 |     89.2 
  2010           |  91.7   92.0   92.6   92.9   94.3   94.4   94.9   95.1   95.4   95.1   95.1   96.1 |  92.1   93.9   95.1   95.4 |     94.1 
                 |                                                                                    |                            |
  2011           |  95.9   95.5   96.5   96.1   96.3   96.6   97.1   97.7   97.6   98.3   98.2   98.8 |  96.0   96.4   97.5   98.5 |     97.1 
  2012           |  99.4   99.6   99.2   99.9  100.1  100.1  100.3   99.9   99.9  100.1  100.6  101.0 |  99.4  100.0  100.0  100.6 |    100.0 
  2013           | 100.8  101.4  101.8  101.6  101.7  102.0  101.5  102.2  102.7  102.5  102.8  103.2 | 101.3  101.8  102.1  102.8 |    102.0 
  2014           | 102.7  103.6  104.6  104.6  105.0  105.4  105.6  105.5  105.8  105.8  106.7  106.5 | 103.6  105.0  105.6  106.3 |    105.2 
  2015           | 106.0  105.4  105.1  104.5  104.1  103.7  104.3  104.2  103.8  103.4  102.7  102.1 | 105.5  104.1  104.1  102.7 |    104.1 
                 |                                                                                    |                            |
  2016           | 103.0  102.2  101.4  101.5  101.4  101.9  102.1  102.0  102.0  102.2  102.1  102.9 | 102.2  101.6  102.1  102.4 |    102.1 
  2017           | 103.0  102.6  103.3  104.3  104.4  104.6  104.5  104.0  104.1  105.6  106.2  106.5 | 103.0  104.4  104.2  106.1 |    104.4 
  2018           | 106.3  106.6  107.3  108.2  107.4  108.2  108.7  109.5  109.7  109.8  110.6  110.5 | 106.7  107.9  109.3  110.3 |    108.6 
  2019           | 110.4  110.5                                                                       |                            |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from October 2018 through February 2019 are subject to further revision in the upcoming monthly releases.
 <1> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
 
 
 
1Table 1B
 Capacity and Utilization: Total
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|    Annual
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2012 output)    |                                                                                    |                            |
  1989           |  75.2   75.3   75.4   75.5   75.7   75.8   76.0   76.2   76.4   76.5   76.7   76.9 |  75.3   75.7   76.2   76.7 |     76.0 
  1990           |  77.1   77.2   77.4   77.6   77.7   77.9   78.0   78.1   78.2   78.3   78.5   78.5 |  77.2   77.7   78.1   78.4 |     77.9 
                 |                                                                                    |                            |
  1991           |  78.6   78.7   78.8   78.9   79.0   79.1   79.1   79.2   79.3   79.4   79.6   79.7 |  78.7   79.0   79.2   79.6 |     79.1 
  1992           |  79.8   80.0   80.2   80.3   80.5   80.7   80.8   81.0   81.2   81.3   81.5   81.6 |  80.0   80.5   81.0   81.5 |     80.8 
  1993           |  81.8   81.9   82.0   82.1   82.3   82.4   82.5   82.6   82.7   82.9   83.1   83.2 |  81.9   82.3   82.6   83.1 |     82.5 
  1994           |  83.4   83.6   83.8   84.0   84.3   84.5   84.8   85.1   85.4   85.6   85.9   86.2 |  83.6   84.3   85.1   85.9 |     84.7 
  1995           |  86.5   86.8   87.1   87.4   87.7   88.0   88.4   88.7   89.0   89.4   89.8   90.1 |  86.8   87.7   88.7   89.8 |     88.2 
                 |                                                                                    |                            |
  1996           |  90.5   90.9   91.3   91.8   92.2   92.6   93.0   93.5   93.9   94.4   94.8   95.3 |  90.9   92.2   93.5   94.8 |     92.9 
  1997           |  95.7   96.2   96.7   97.2   97.7   98.3   98.8   99.4  100.0  100.6  101.3  101.9 |  96.2   97.7   99.4  101.3 |     98.7 
  1998           | 102.6  103.3  103.9  104.6  105.3  105.9  106.5  107.1  107.6  108.2  108.7  109.2 | 103.3  105.2  107.1  108.7 |    106.1 
  1999           | 109.7  110.1  110.6  111.1  111.5  111.9  112.3  112.8  113.2  113.6  114.0  114.4 | 110.1  111.5  112.7  114.0 |    112.1 
  2000           | 114.8  115.2  115.6  116.0  116.3  116.7  117.1  117.5  117.9  118.3  118.6  119.0 | 115.2  116.3  117.5  118.6 |    116.9 
                 |                                                                                    |                            |
  2001           | 119.4  119.8  120.1  120.5  120.8  121.1  121.4  121.7  122.0  122.3  122.6  122.8 | 119.7  120.8  121.7  122.6 |    121.2 
  2002           | 123.0  123.2  123.4  123.5  123.6  123.7  123.8  123.8  123.8  123.8  123.8  123.8 | 123.2  123.6  123.8  123.8 |    123.6 
  2003           | 123.8  123.7  123.7  123.6  123.6  123.5  123.5  123.4  123.4  123.4  123.4  123.4 | 123.7  123.6  123.5  123.4 |    123.5 
  2004           | 123.3  123.3  123.3  123.3  123.3  123.2  123.2  123.2  123.3  123.3  123.3  123.4 | 123.3  123.3  123.2  123.3 |    123.3 
  2005           | 123.5  123.6  123.7  123.8  124.0  124.1  124.3  124.5  124.6  124.8  125.0  125.1 | 123.6  124.0  124.5  125.0 |    124.3 
                 |                                                                                    |                            |
  2006           | 125.3  125.5  125.6  125.8  126.0  126.2  126.4  126.7  126.9  127.2  127.5  127.8 | 125.5  126.0  126.7  127.5 |    126.4 
  2007           | 128.1  128.4  128.7  129.0  129.2  129.5  129.6  129.8  129.9  129.9  129.9  129.9 | 128.4  129.2  129.8  129.9 |    129.3 
  2008           | 129.8  129.7  129.6  129.5  129.5  129.4  129.4  129.5  129.6  129.7  129.8  130.0 | 129.7  129.5  129.5  129.8 |    129.6 
  2009           | 130.1  130.3  130.4  130.5  130.5  130.6  130.5  130.5  130.3  130.2  130.0  129.7 | 130.3  130.5  130.4  129.9 |    130.3 
  2010           | 129.5  129.2  128.9  128.6  128.3  128.0  127.8  127.5  127.4  127.2  127.1  127.0 | 129.2  128.3  127.6  127.1 |    128.0 
                 |                                                                                    |                            |
  2011           | 126.9  126.9  127.0  127.0  127.1  127.2  127.4  127.6  127.8  128.0  128.2  128.5 | 126.9  127.1  127.6  128.2 |    127.5 
  2012           | 128.7  129.0  129.2  129.5  129.7  129.9  130.1  130.4  130.6  130.8  131.0  131.2 | 129.0  129.7  130.4  131.0 |    130.0 
  2013           | 131.4  131.6  131.7  131.9  132.1  132.2  132.3  132.4  132.6  132.7  132.8  132.9 | 131.6  132.1  132.4  132.8 |    132.2 
  2014           | 133.0  133.1  133.3  133.4  133.5  133.7  133.9  134.1  134.3  134.4  134.6  134.8 | 133.1  133.5  134.1  134.6 |    133.8 
  2015           | 134.9  135.0  135.2  135.3  135.3  135.4  135.5  135.5  135.5  135.6  135.6  135.6 | 135.0  135.3  135.5  135.6 |    135.4 
                 |                                                                                    |                            |
  2016           | 135.7  135.7  135.8  135.8  135.9  136.0  136.0  136.1  136.2  136.3  136.3  136.4 | 135.7  135.9  136.1  136.3 |    136.0 
  2017           | 136.4  136.5  136.5  136.5  136.6  136.6  136.6  136.6  136.7  136.7  136.8  136.8 | 136.5  136.6  136.6  136.8 |    136.6 
  2018           | 136.9  137.0  137.2  137.3  137.5  137.7  137.9  138.1  138.4  138.6  138.9  139.1 | 137.0  137.5  138.2  138.9 |    137.9 
  2019           | 139.4  139.6                                                                       |                            |          
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1989           |  85.1   84.6   84.7   84.6   83.9   83.7   82.8   83.4   82.9   82.6   82.7   83.0 |  84.8   84.1   83.0   82.8 |     83.7 
  1990           |  82.3   82.9   83.1   82.9   82.9   83.0   82.7   82.9   82.8   82.1   81.0   80.4 |  82.8   82.9   82.8   81.2 |     82.4 
                 |                                                                                    |                            |
  1991           |  80.0   79.3   78.8   78.9   79.6   80.2   80.2   80.2   80.8   80.6   80.4   79.9 |  79.4   79.6   80.4   80.3 |     79.9 
  1992           |  79.3   79.7   80.2   80.7   80.8   80.6   81.2   80.6   80.6   81.1   81.2   81.2 |  79.8   80.7   80.8   81.2 |     80.6 
  1993           |  81.4   81.6   81.4   81.6   81.2   81.2   81.3   81.1   81.4   81.9   82.0   82.3 |  81.5   81.3   81.3   82.1 |     81.5 
  1994           |  82.4   82.3   82.9   83.1   83.3   83.6   83.5   83.7   83.7   84.2   84.4   85.0 |  82.5   83.4   83.6   84.5 |     83.5 
  1995           |  84.9   84.4   84.3   83.9   83.9   83.9   83.3   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   82.9   83.3   83.5   83.9   83.4   83.5   83.6   83.2   83.5   83.7 |  82.9   83.6   83.5   83.5 |     83.4 
  1997           |  83.4   84.0   84.1   83.7   83.7   83.7   83.9   84.2   84.5   84.7   84.9   84.6 |  83.8   83.7   84.2   84.7 |     84.1 
  1998           |  84.5   84.0   83.5   83.3   83.3   82.3   81.5   82.8   82.2   82.4   82.0   81.9 |  84.0   83.0   82.2   82.1 |     82.8 
  1999           |  81.9   82.0   81.8   81.7   81.9   81.5   81.7   81.7   81.1   81.9   82.0   82.3 |  81.9   81.7   81.5   82.1 |     81.8 
  2000           |  82.1   82.0   82.0   82.3   82.2   82.0   81.6   81.1   81.2   80.7   80.4   80.0 |  82.0   82.2   81.3   80.4 |     81.5 
                 |                                                                                    |                            |
  2001           |  79.2   78.4   78.0   77.6   76.9   76.2   75.6   75.3   74.8   74.3   73.8   73.7 |  78.6   76.9   75.2   74.0 |     76.2 
  2002           |  74.0   73.9   74.4   74.6   74.9   75.5   75.3   75.3   75.4   75.2   75.6   75.2 |  74.1   75.0   75.3   75.3 |     74.9 
  2003           |  75.8   75.9   75.8   75.3   75.3   75.5   75.8   75.8   76.2   76.3   76.9   76.9 |  75.9   75.4   75.9   76.7 |     76.0 
  2004           |  77.1   77.6   77.2   77.6   78.2   77.6   78.2   78.2   78.3   79.0   79.1   79.7 |  77.3   77.8   78.2   79.3 |     78.2 
  2005           |  80.0   80.5   80.3   80.3   80.3   80.5   80.2   80.3   78.7   79.6   80.3   80.7 |  80.2   80.4   79.7   80.2 |     80.1 
                 |                                                                                    |                            |
  2006           |  80.7   80.6   80.6   80.8   80.6   80.8   80.6   80.8   80.5   80.2   80.0   80.6 |  80.6   80.7   80.6   80.3 |     80.6 
  2007           |  80.0   80.6   80.6   81.0   80.9   80.8   80.6   80.7   81.0   80.6   81.1   81.1 |  80.4   80.9   80.8   80.9 |     80.8 
  2008           |  80.9   80.7   80.6   80.0   79.6   79.5   79.0   77.8   74.4   75.0   74.0   71.7 |  80.8   79.7   77.1   73.6 |     77.8 
  2009           |  70.0   69.4   68.3   67.7   67.0   66.7   67.4   68.2   68.8   69.1   69.5   69.9 |  69.2   67.1   68.2   69.5 |     68.5 
  2010           |  70.8   71.2   71.8   72.3   73.5   73.8   74.2   74.6   74.9   74.8   74.9   75.6 |  71.3   73.2   74.6   75.1 |     73.5 
                 |                                                                                    |                            |
  2011           |  75.6   75.3   76.0   75.7   75.8   75.9   76.2   76.6   76.4   76.8   76.6   76.9 |  75.6   75.8   76.4   76.8 |     76.1 
  2012           |  77.2   77.2   76.7   77.2   77.2   77.0   77.1   76.6   76.5   76.6   76.8   77.0 |  77.1   77.1   76.7   76.8 |     76.9 
  2013           |  76.7   77.1   77.3   77.1   77.0   77.1   76.7   77.2   77.5   77.3   77.4   77.6 |  77.0   77.1   77.1   77.5 |     77.2 
  2014           |  77.2   77.8   78.5   78.4   78.6   78.8   78.9   78.7   78.8   78.7   79.2   79.0 |  77.8   78.6   78.8   79.0 |     78.6 
  2015           |  78.6   78.1   77.8   77.3   76.9   76.6   77.0   76.9   76.6   76.3   75.7   75.3 |  78.1   76.9   76.8   75.8 |     76.9 
                 |                                                                                    |                            |
  2016           |  75.9   75.3   74.7   74.7   74.6   74.9   75.1   75.0   74.9   75.0   74.9   75.5 |  75.3   74.8   75.0   75.1 |     75.0 
  2017           |  75.5   75.2   75.7   76.4   76.5   76.6   76.5   76.2   76.1   77.3   77.6   77.9 |  75.5   76.5   76.3   77.6 |     76.5 
  2018           |  77.6   77.8   78.2   78.8   78.1   78.6   78.8   79.3   79.3   79.2   79.6   79.4 |  77.9   78.5   79.1   79.4 |     78.7 
  2019           |  79.2   79.1                                                                       |                            |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from October 2018 through February 2019 are subject to further revision in the upcoming monthly releases.
 
 
 
 
 
 
 
1Table 2
 Rates of Change in Industrial Production, Market and Industry Group Summary: 2014-2018 <1>
 
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          |               |                                              |              Difference between
                                                          |               |                Revised change                |         revised and earlier changes
                                                          |               |                  (percent)                   |             (percentage points)
 Item                                                     |         NAICS |     2014     2015     2016     2017     2018 |     2014     2015     2016     2017     2018
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          |               |                                              |
  Total IP                                                |               |     3.4     -3.4      -.3      3.6      3.9  |      .0      -.1       .2       .6      -.2 
                                                          |               |                                              |
  MARKET GROUP                                            |               |                                              |
  Final products and nonindustrial supplies               |               |     1.7     -2.3       .3      2.7      2.1  |      .0      -.1       .3       .7      -.3 
     Consumer goods                                       |               |      .9       .4      1.0      1.7      1.4  |      .0      -.1       .2       .4      -.3 
        Durable                                           |               |     4.3      2.4      3.1       .7      3.0  |      .2      -.2       .6      1.1      -.8 
           Automotive products                            |               |     6.8      3.8      4.9       .6      3.5  |      .3      -.1       .7      1.2      -.9 
           Home electronics                               |               |     -.1      4.9       .8      1.3      5.4  |     -.8       .5     -1.3     -3.7      -.4 
           Appliances, furniture, carpeting               |               |     3.8      3.1       .8      -.5     -1.7  |      .1      -.3       .5      1.6     -1.1 
           Miscellaneous goods                            |               |     1.2      -.1      1.5      1.4      4.0  |      .1      -.2       .6      1.2      -.5 
        Nondurable                                        |               |      .0      -.1       .4      1.9       .9  |      .0      -.1       .1       .1      -.2 
           Non-energy                                     |               |     1.3       .7      -.7      1.6      -.3  |      .0      -.1       .2       .0      -.4 
              Foods and tobacco                           |               |      .4      1.7       .3      2.5      -.3  |      .0       .0       .1      -.7      -.4 
              Clothing                                    |               |    -3.3     -6.1     -2.2    -10.5     -5.6  |      .1      -.1       .5      -.7      -.6 
              Chemical products                           |               |     4.7      -.4     -1.6      2.1      1.1  |     -.1      -.1       .3      1.3      -.1 
              Paper products                              |               |    -3.5      -.7     -3.4     -4.5     -6.0  |     -.1     -1.7       .5      -.2     -1.2 
           Energy                                         |               |    -4.2     -3.2      4.4      3.0      4.7  |      .0       .0      -.1       .5       .4 
                                                          |               |                                              |
     Business equipment                                   |               |     3.5     -6.2     -2.1      4.8      4.0  |      .0       .0       .1       .4      -.1 
        Transit                                           |               |    11.8     -2.8     -6.4       .2      3.9  |      .1       .1      -.3      -.5      -.2 
        Information processing                            |               |      .2     -1.9      3.9      4.1      3.7  |      .1      -.2       .6      1.0      -.4 
        Industrial and other                              |               |     1.0     -9.7     -2.3      7.6      4.3  |     -.1      -.1       .1       .6       .1 
     Defense and space equipment                          |               |    -2.0     -3.4       .8      -.8      6.8  |      .0      -.3       .7      2.5     -2.2 
                                                          |               |                                              |
     Construction supplies                                |               |     3.7      -.1       .8      4.1      2.7  |      .1      -.1       .3       .7      -.4 
     Business supplies                                    |               |     -.2     -1.1      1.4      2.3       .1  |      .1      -.1       .9      1.3      -.4 
                                                          |               |                                              |
  Materials                                               |               |     5.2     -4.6     -1.0      4.8      6.0  |      .0       .0       .1       .6      -.1 
     Non-energy                                           |               |     1.4     -2.8       .0      2.7      3.2  |      .0      -.1       .2       .5       .1 
        Durable                                           |               |     3.0     -4.0      -.7      2.7      3.9  |      .0       .0       .1       .5       .3 
           Consumer parts                                 |               |     5.1     -2.0      -.2       .7      3.8  |      .0      -.1       .0       .1      -.3 
           Equipment parts                                |               |     4.2     -5.9       .2      1.8      5.9  |     -.1       .1      -.1      1.0      1.2 
           Other                                          |               |     1.6     -3.4     -1.4      4.0      2.7  |      .0       .0       .2       .5      -.1 
        Nondurable                                        |               |    -1.2      -.9      1.0      2.7      2.3  |      .0      -.1       .4       .5      -.1 
           Textile                                        |               |    -3.2     -7.6      1.2     -1.3      5.5  |     -.1      -.2       .7      1.8      1.1 
           Paper                                          |               |     -.8     -2.2       .4     -3.6      -.4  |      .1      -.1       .3      -.1      -.1 
           Chemical                                       |               |    -2.8      -.5       .6      4.9      4.4  |      .0      -.2       .4       .7      -.1 
     Energy                                               |               |     9.5     -7.2     -2.9      8.2     10.1  |      .0       .0      -.1       .9      -.5 
                                                          |               |                                              |
                                                          |               |                                              |
  INDUSTRY GROUP                                          |               |                                              |
  Manufacturing<2>                                        |               |     1.4     -1.7       .3      2.5      2.2  |      .0      -.1       .3       .6      -.2 
     Manufacturing (NAICS)                                |        31-33  |     1.6     -1.7       .3      2.7      2.5  |      .0      -.1       .2       .5      -.1 
                                                          |               |                                              |
        Durable manufacturing                             |               |     2.8     -3.4      -.1      2.6      4.2  |      .0      -.1       .2       .7      -.1 
           Wood products                                  |          321  |     4.0      3.2      4.7      5.4      -.9  |      .1      -.1       .5      1.6      -.4 
           Nonmetallic mineral products                   |          327  |     2.8      1.8       .0      5.3      1.4  |      .1      -.2       .4       .1      -.9 
           Primary metals                                 |          331  |    -1.1     -8.2     -4.1      4.4      6.4  |     -.1       .0      -.1      -.1       .7 
           Fabricated metal products                      |          332  |      .1     -5.2     -1.6      3.0      4.8  |      .0      -.1       .2      -.1      -.5 
           Machinery                                      |          333  |     1.7    -12.5     -2.3      9.3      5.8  |     -.1      -.1       .0       .3       .0 
           Computer and electronic products               |          334  |     4.2     -1.1      5.1      3.5      4.6  |      .0      -.2       .6       .9      -.3 
           Electrical equip., appliances,                 |               |                                              |
              and components                              |          335  |     1.7      -.9      -.2       .0      3.6  |      .0       .1      -.1      -.5       .6 
           Motor vehicles and parts                       |       3361-3  |     7.4      2.7      2.5      -.3      5.5  |      .3      -.1       .3       .9       .0 
           Aerospace and miscellaneous                    |               |                                              |
              transportation equipment                    |       3364-9  |     5.7     -5.1     -3.2      -.9      2.9  |     -.1       .1      -.1      1.6      -.6 
           Furniture and related products                 |          337  |     4.6      3.8      -.4     -1.7      1.5  |      .0      -.1       .2      1.7      -.6 
           Miscellaneous                                  |          339  |    -1.2      -.6     -1.3     -1.2      2.1  |      .1      -.1       .4      2.2       .6 
                                                          |               |                                              |
        Nondurable manufacturing                          |               |      .2       .3       .8      2.7       .8  |      .0       .0       .2       .3      -.2 
           Food, beverage, and tobacco products           |        311,2  |      .8      1.8       .8      3.1       .1  |      .0       .0       .1      -.4      -.2 
           Textile and product mills                      |        313,4  |     1.5     -7.3       .9       .2       .7  |     -.1      -.2       .7      1.9      -.1 
           Apparel and leather                            |        315,6  |    -3.0     -6.1     -1.9    -10.0     -5.7  |      .1      -.1       .5      -.6      -.7 
           Paper                                          |          322  |      .8     -2.4      1.1     -2.6       .0  |      .1      -.1       .2      -.3       .0 
           Printing and support                           |          323  |    -4.0      1.7      1.7     -1.3     -3.2  |      .0      -.2       .5       .7     -1.3 
           Petroleum and coal products                    |          324  |    -6.3      3.3      4.2      2.7     -1.1  |      .0      -.1       .4       .1      -.8 
           Chemicals                                      |          325  |      .7      -.9      -.2      4.3      3.0  |      .0      -.1       .4      1.0       .0 
           Plastics and rubber products                   |          326  |     4.5       .8      1.3      2.8       .0  |      .0       .1      -.2       .8       .2 
                                                          |               |                                              |
     Other manufacturing (non-NAICS)                      |    1133,5111  |    -5.0     -1.2     -1.5     -3.5    -10.5  |      .4     -1.3      3.6      3.5     -2.3 
                                                          |               |                                              |
  Mining                                                  |           21  |    12.6    -10.1     -6.2     11.3     13.7  |      .1       .1       .0       .7      -.3 
  Utilities                                               |       2211,2  |     -.7     -4.2      2.2      3.1      2.7  |     -.1       .0      -.2       .9      -.3 
     Electric                                             |         2211  |     -.5     -3.1      2.2      2.0       .8  |     -.1       .0       .0       .9      -.7 
     Natural gas                                          |         2212  |    -3.0    -12.4      2.6     10.1     13.3  |     -.1      -.3     -1.0       .4      1.5 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
 <1>  Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
      previous year to the fourth quarter of the year specified in the column heading.
 <2>  Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS,
      definition of manufacturing plus those industries--logging and newspaper, periodical, book, and directory publishing
      --that have traditionally been considered to be a part of manufacturing and are included in the industrial sector.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1Table 3
 Rates of Change in Industrial Production, Special Aggregates and Selected Detail: 2014-2018 <1>
 
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |              |                                         |           Difference between
                                                   |              |             Revised change              |       revised and earlier changes
                                                   |              |                (percent)                |           (percentage points)
 Item                                              |        NAICS |    2014    2015    2016    2017    2018 |    2014    2015    2016    2017    2018
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |              |                                         |
  Total industry                                   |              |    3.4    -3.4     -.3     3.6     3.9  |     .0     -.1      .2      .6     -.2 
                                                   |              |                                         |
  Energy                                           |              |    7.2    -7.5    -1.6     7.0     8.6  |     .0      .0     -.1      .7     -.2 
     Consumer products                             |              |   -4.2    -3.2     4.4     3.0     4.7  |     .0      .0     -.1      .5      .4 
     Commercial products                           |              |     .1      .0     2.3     2.1     2.7  |     .0      .0     -.1      .3      .2 
     Oil and gas well drilling                     |      213111  |   19.8   -45.5   -26.5    37.2    19.3  |     .2      .2      .2      .8     1.2 
     Converted fuel                                |              |     .2    -2.7      .6     2.4     3.2  |    -.2      .0     -.1     1.4    -1.0 
     Primary energy                                |              |   11.8    -8.3    -4.3    10.5    12.5  |     .1      .1     -.1      .7     -.3 
                                                   |              |                                         |
  Non-energy                                       |              |    1.8    -1.8      .1     2.5     2.2  |     .0     -.1      .3      .6     -.2 
     Selected high-technology industries           |              |    8.5     2.0     7.9     1.9     5.3  |    -.2      .1     -.6    -1.3      .1 
        Computers and peripheral equipment         |        3341  |    8.0    -3.8    12.2    12.2     1.1  |    -.1      .3    -1.0    -7.2      .1 
        Communications equipment                   |        3342  |   -5.1     6.9     5.0    -5.1     6.8  |    -.5      .2    -2.1    -2.1      .3 
        Semiconductors and related                 |              |                                         |
           electronic components                   |        3344  |   14.5     1.5     8.0     2.4     6.0  |    -.1      .0      .2      .4      .1 
                                                   |              |                                         |
     Excluding selected high-technology            |              |                                         |
           industries                              |              |    1.5    -1.9     -.2     2.6     2.1  |     .0     -.1      .4      .7     -.3 
                                                   |              |                                         |
        Motor vehicles and parts                   |      3361-3  |    7.4     2.7     2.5     -.3     5.5  |     .3     -.1      .3      .9      .0 
           Motor vehicles                          |        3361  |    5.2     4.6     1.8    -5.4     9.5  |     .5      .0      .3     -.2      .0 
           Motor vehicle parts                     |        3363  |    9.1     1.2     3.7     2.6     4.4  |     .0      .0      .0     1.2      .6 
                                                   |              |                                         |
        Excluding motor vehicles and parts         |              |    1.0    -2.3     -.4     2.8     1.8  |     .0     -.1      .4      .7     -.3 
           Consumer goods                          |              |    1.4      .7     -.4     1.7      .1  |     .0     -.1      .3      .3     -.5 
           Business equipment                      |              |    3.5    -8.1    -2.4     5.8     3.0  |    -.1     -.1      .1      .8      .0 
           Construction supplies                   |              |    3.7     -.1      .8     4.2     2.7  |     .1     -.1      .3      .7     -.4 
           Business supplies                       |              |   -1.3    -1.6      .4     2.4    -1.2  |     .1     -.2     1.3     1.8     -.7 
           Materials                               |              |     .3    -3.1     -.5     2.9     3.0  |     .0     -.1      .2      .5      .0 
                                                   |              |                                         |
  Measures excluding selected high-technology      |              |                                         |
        industries                                 |              |                                         |
  Total industry                                   |              |    3.3    -3.5     -.5     3.7     3.9  |     .0     -.1      .2      .7     -.3 
     Manufacturing<2>                              |              |    1.1    -1.8      .0     2.5     2.1  |     .0     -.1      .3      .7     -.2 
        Durable                                    |              |    2.4    -3.8     -.6     2.7     4.0  |     .0     -.1      .3      .9     -.2 
                                                   |              |                                         |
  Measures excluding motor vehicles and parts      |              |                                         |
  Total industry                                   |              |    3.2    -3.7     -.5     3.9     3.8  |     .0     -.1      .2      .6     -.3 
     Manufacturing<2>                              |              |    1.0    -2.0      .1     2.7     1.9  |     .0     -.1      .3      .6     -.2 
        Durable                                    |              |    2.1    -4.4     -.6     3.2     3.9  |     .0     -.1      .2      .7     -.2 
                                                   |              |                                         |
  Measures excluding selected high-technology      |              |                                         |
        industries and motor vehicles and parts    |              |                                         |
  Total industry                                   |              |    3.1    -3.9     -.7     3.9     3.8  |     .0     -.1      .2      .7     -.3 
     Manufacturing<2>                              |              |     .7    -2.2     -.2     2.8     1.8  |     .0     -.1      .4      .7     -.2 
                                                   |              |                                         |
  Stage-of-process components                      |              |                                         |
        of non-energy materials,                   |              |                                         |
        measures of the input to                   |              |                                         |
  Finished processors                              |              |    3.2    -4.2      .2      .3     4.1  |     .0      .0      .1      .5      .5 
  Primary and semifinished processors              |              |     .2    -1.8     -.1     4.2     2.7  |     .0     -.1      .3      .5     -.1 
                                                   |              |                                         |
  Stage-of-process groups                          |              |                                         |
  Crude                                            |              |    8.2    -6.3    -3.1     8.0    10.6  |     .1      .1      .1      .7     -.1 
  Primary and semifinished                         |              |    1.3    -2.4      .8     2.5     2.1  |     .0     -.1      .3      .7     -.2 
  Finished                                         |              |    2.7    -3.0     -.5     3.0     2.6  |     .0     -.1      .2      .6     -.4 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
 <1> See footnote 1 to table 2.
 <2> See footnote 2 to table 2.
 
 
 
 
 
 
 
1Table 4
 Annual Rates of Change for Industrial Production <1>
 
 
 --------------------------------------------------------------------------------------------------------------------------------------------
                                                          |                                         |           Difference between
                                                          |          Revised Growth Rates           |        revised and earlier rates
                                                          |                                         |           (percentage points)
 Item                                                     |    2014    2015    2016    2017    2018 |    2014    2015    2016    2017    2018
 --------------------------------------------------------------------------------------------------------------------------------------------
                                                          |                                         |
  Total IP                                                |    3.1    -1.0    -2.0     2.3     3.9  |     .0      .0      .0      .7     -.2 
                                                          |                                         |
  MARKET GROUP                                            |                                         |
  Consumer goods                                          |     .8     1.4      .6      .5     2.1  |     .0      .0      .0      .5     -.3 
     Durable                                              |    4.9     3.9     2.2     1.5     2.2  |     .0      .0      .0     1.5     -.4 
     Nondurable                                           |    -.3      .7      .1      .3     2.1  |     .0      .0     -.1      .3     -.2 
                                                          |                                         |
  Business equipment                                      |    1.8    -2.0    -5.3     3.6     3.2  |     .0      .0      .0      .4      .2 
  Defense and space equipment                             |   -3.4    -2.4    -2.8     2.1     2.4  |     .0      .0      .0     1.8     -.5 
                                                          |                                         |
  Construction supplies                                   |    3.2      .7      .9     3.5     2.8  |     .0      .0      .0      .9     -.6 
  Business supplies                                       |    1.0    -1.3      .6     2.3      .9  |     .0      .1      .1     1.8     -.4 
                                                          |                                         |
  Materials                                               |    5.0    -1.5    -3.0     2.7     5.9  |     .0      .0     -.1      .7     -.1 
     Non-energy                                           |    1.9    -1.8    -1.1     2.0     3.1  |     .0      .0      .0      .5      .1 
     Energy                                               |    8.5    -1.2    -6.0     4.0    10.1  |     .0      .1     -.2      .9     -.3 
                                                          |                                         |
                                                          |                                         |
  INDUSTRY GROUP                                          |                                         |
  Manufacturing<2>                                        |    1.1     -.5     -.8     2.0     2.3  |     .0      .0      .0      .7     -.1 
     Manufacturing (NAICS)                                |    1.2     -.4     -.7     2.0     2.7  |     .0      .0      .0      .6      .0 
        Durable manufacturing                             |    2.9    -1.1    -2.1     2.2     3.4  |     .0      .0      .0      .7      .1 
        Nondurable manufacturing                          |    -.6      .3      .8     1.9     1.9  |     .0      .0      .0      .4     -.1 
     Other manufacturing (non-NAICS)                      |   -1.3    -3.7    -2.6     -.6    -9.9  |     .0      .0      .0     6.3    -2.8 
                                                          |                                         |
  Mining                                                  |   10.8    -3.3    -9.9     7.4    12.4  |     .0      .1     -.2      .9     -.3 
  Utilities                                               |    1.3     -.7     -.4     -.8     4.4  |     .0      .0      .0      .5     -.4 
 --------------------------------------------------------------------------------------------------------------------------------------------
 
 <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 2.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1Table 5
 Rates of Change in Capacity, by Industry Groups: 2015-2019 <1>
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------
                                                   |                                                   |                Difference between
                                                   |                  Revised change                   |            revised and earlier changes
                                                   |                     (percent)                     |                (percentage points)
 Item                                              |      2015      2016      2017      2018      2019 |      2015      2016      2017      2018      2019
 ---------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                   |       .7        .5        .3       1.5       2.0  |       .0       -.1       -.3       -.5       -.3 
                                                   |                                                   |
  Manufacturing<2>                                 |      -.4       1.2        .3        .7       1.3  |      -.1       -.1       -.4       -.7       -.1 
     Manufacturing (NAICS)                         |      -.3       1.3        .5        .8       1.4  |      -.1       -.1       -.4       -.7       -.1 
        Durable manufacturing                      |       .2       1.0        .6       1.0       1.7  |      -.1        .2       -.3       -.3       -.1 
        Nondurable manufacturing                   |      -.9       1.7        .4        .6       1.3  |      -.1       -.4       -.5       -.7        .0 
     Other manufacturing (non-NAICS)               |     -3.7      -3.2      -4.2      -3.6      -2.8  |      -.3       -.6       -.6       -.7       -.2 
                                                   |                                                   |
  Mining                                           |       .9      -2.8        .5       7.4       5.3  |       .0        .3       1.4       1.7      -1.8 
  Utilities                                        |       .4       1.4       1.4       1.7       2.6  |       .0       -.2       -.5       -.3        .5 
                                                   |                                                   |
                                                   |                                                   |
  Selected high-technology industries              |      2.0      10.6       3.9       3.0       7.3  |     -1.3       3.1        .7      -2.5        .5 
  Manufacturing<2> ex. selected                    |                                                   |
        high-technology industries                 |      -.5        .9        .2        .6       1.1  |      -.1       -.2       -.4       -.6       -.1 
                                                   |                                                   |
  Stage-of-process groups                          |                                                   |
  Crude                                            |       .4      -2.1        .5       5.3       4.1  |       .0        .2       1.0       1.3      -1.6 
  Primary and semifinished                         |      -.3       1.7       -.1        .8       1.5  |      -.1        .0       -.8       -.6        .0 
  Finished                                         |       .0        .7       1.1       1.0       1.6  |      -.1       -.3        .0       -.2        .1 
 ---------------------------------------------------------------------------------------------------------------------------------------------------------
 <1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the
     previous year to the fourth quarter of the year specified in the column heading.
 <2> See footnote 2 to table 2.
 
 
 
1Table 6
 Revised and Earlier Capacity Utilization Rates, by Industry Groups
 
   Percent of capacity, seasonally adjusted
 
 
 --------------------------------------------------------------------------------------------------------------------------------------------------------
                                                          |               |                                         |         Difference between
                                                          |               |              Revised rate               |      revised and earlier rates
                                                          |               |                                         |         (percentage points)
                                                          |               |   1972-                                 |                                    
 Item                                                     |     NAICS     |    2018    2015    2016    2017    2018 |     2015     2016     2017     2018
                                                          |               |    Ave.      Q4      Q4      Q4      Q4 |       Q4       Q4       Q4       Q4
 --------------------------------------------------------------------------------------------------------------------------------------------------------
  Total industry                                          |               |   79.8    75.8    75.1    77.6    79.4  |     -.4      -.1       .5       .7 
                                                          |               |                                         |
  Manufacturing<1>                                        |               |   78.3    74.9    74.2    75.8    77.0  |     -.5      -.2       .6      1.0 
     Manufacturing (NAICS)                                |        31-33  |   78.2    75.3    74.5    76.2    77.5  |     -.5      -.3       .4       .9 
                                                          |               |                                         |
        Durable manufacturing                             |               |   76.8    74.1    73.3    74.7    77.1  |     -.6      -.6       .2       .4 
           Wood products                                  |          321  |   76.7    76.1    77.6    80.6    77.6  |      .8       .9      2.2      2.1 
           Nonmetallic mineral products                   |          327  |   74.0    67.7    65.5    67.8    67.6  |     1.8      1.4      2.3      2.6 
           Primary metals                                 |          331  |   78.0    65.0    63.3    69.0    74.8  |    -2.6     -3.1       .2      1.7 
           Fabricated metal products                      |          332  |   77.6    77.1    75.9    78.4    81.6  |     -.5      -.2      -.3      -.5 
           Machinery                                      |          333  |   77.6    67.7    67.2    74.6    80.0  |     -.9      -.8      -.7      -.5 
           Computer and electronic products               |          334  |   77.4    70.9    69.9    70.4    71.8  |      .2      -.5      -.2       .4 
           Electrical equip., appliances,                 |               |                                         |
              and components                              |          335  |   81.9    76.3    75.8    74.9    76.2  |    -1.0      -.9     -1.0      -.1 
           Motor vehicles and parts                       |       3361-3  |   75.1    79.0    79.7    76.9    79.8  |     -.9      -.7      -.3      -.3 
           Aerospace and miscellaneous                    |               |                                         |
              transportation equipment                    |       3364-9  |   74.2    79.1    76.0    75.4    76.6  |    -1.3     -1.1       .1     -1.4 
           Furniture and related products                 |          337  |   77.0    81.3    79.7    78.1    77.8  |     -.1       .7      2.4      1.6 
           Miscellaneous                                  |          339  |   76.6    79.8    80.6    79.4    79.4  |     -.5       .4      1.7      1.9 
                                                          |               |                                         |
        Nondurable manufacturing                          |               |   80.0    76.6    76.0    77.7    77.9  |     -.4       .1       .7      1.1 
           Food, beverage, and tobacco products           |        311,2  |   80.4    77.1    76.0    77.0    75.7  |     -.5       .2       .3       .4 
           Textile and product mills                      |        313,4  |   78.8    68.2    69.7    71.2    71.8  |      .2       .7      2.5      2.2 
           Apparel and leather                            |        315,6  |   76.1    66.1    68.5    64.8    63.8  |     -.3       .1      -.1       .0 
           Paper                                          |          322  |   86.7    85.4    88.5    86.5    87.2  |      .1       .4       .3       .2 
           Printing and support                           |          323  |   79.7    71.3    74.9    75.3    72.4  |     1.1      1.6      1.5       .0 
           Petroleum and coal products                    |          324  |   85.0    81.2    76.0    80.9    80.4  |     -.4      -.1      1.4      2.2 
           Chemicals                                      |          325  |   76.7    72.8    72.6    75.3    77.9  |     -.8      -.2       .6      1.3 
           Plastics and rubber products                   |          326  |   82.1    85.1    83.3    83.7    80.8  |     -.2       .3      1.5      2.1 
                                                          |               |                                         |
     Other manufacturing (non-NAICS)                      |    1133,5111  |   79.8    64.1    65.3    65.7    61.0  |     -.2      2.5      5.2      3.8 
                                                          |               |                                         |
  Mining                                                  |           21  |   87.1    81.4    78.5    87.0    92.1  |      .4       .1      -.6     -2.4 
  Utilities                                               |       2211,2  |   85.4    77.3    77.9    79.2    80.1  |     -.2      -.2       .9      1.0 
                                                          |               |                                         |
  Selected high-technology industries                     |               |   77.3    74.7    72.9    71.5    73.1  |     1.9      -.6     -2.0      -.2 
     Computers and peripheral equipment                   |         3341  |   77.8    75.1    78.3    73.8    72.9  |     8.6     -5.5    -21.4    -10.3 
     Communications equipment                             |         3342  |   76.1    72.0    72.1    64.2    63.0  |      .5      -.2     -1.0     -3.1 
     Semiconductors and related                           |               |                                         |
           electronic components                          |         3344  |   78.7    75.7    71.9    74.1    78.1  |      .8       .2      1.6      3.7 
                                                          |               |                                         |
  Measures excluding selected high-technology             |               |                                         |
        industries                                        |               |                                         |
  Total industry                                          |               |   79.9    75.8    75.2    77.7    79.5  |     -.4      -.1       .6       .7 
     Manufacturing<1>                                     |               |   78.3    74.9    74.3    76.0    77.1  |     -.6      -.1       .7      1.0 
                                                          |               |                                         |
  Stage-of-process groups                                 |               |                                         |
  Crude                                                   |               |   86.1    80.7    79.4    86.0    90.5  |      .2       .0      -.3     -1.5 
  Primary and semifinished                                |               |   80.4    75.6    74.9    76.9    78.0  |     -.2       .0      1.0      1.3 
  Finished                                                |               |   76.8    74.3    73.6    74.7    75.7  |     -.7      -.3       .3       .3 
 --------------------------------------------------------------------------------------------------------------------------------------------------------
 1.  See footnote 2 to table 2.
 
 
 
1Table 7A
 Industrial Production: Manufacturing <1>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|Annual <2>
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 IP (percent     |                                                                                    |                            |
 change)         |                                                                                    |                            |
  1989           |    .8   -1.0    -.1     .3    -.9     .2   -1.1     .9    -.3    -.2     .2     .1 |   2.1   -2.7   -3.2     .5 |       .8 
  1990           |   -.2    1.4     .5    -.3     .2     .3    -.2     .3     .0    -.8   -1.1    -.7 |   4.2    3.0    1.1   -6.7 |       .8 
                 |                                                                                    |                            |
  1991           |   -.7    -.7    -.7     .3     .7    1.1     .3     .2    1.1    -.2    -.2    -.2 |  -8.8    1.8    7.3    1.7 |     -1.9 
  1992           |   -.6     .9    1.0     .5     .6     .3     .9    -.4     .0     .7     .4    -.1 |    .6    8.3    4.1    3.2 |      3.7 
  1993           |   1.0     .2    -.2     .6    -.1    -.2     .3    -.2     .7     .9     .4     .6 |   4.6    1.4     .8    7.0 |      3.6 
  1994           |    .2     .1    1.3     .8     .6     .3     .4     .8     .5    1.0     .8    1.1 |   4.9    9.5    6.1   10.3 |      5.9 
  1995           |    .2    -.3     .3    -.2     .2     .5    -.7    1.1     .9    -.1     .1     .4 |   4.4     .7    3.1    4.3 |      5.1 
                 |                                                                                    |                            |
  1996           |   -.8    1.6    -.2    1.1     .8    1.0     .3     .5     .8    -.2     .9     .9 |   1.9   10.0    7.7    6.0 |      4.9 
  1997           |    .1    1.4    1.0    -.2     .7     .7     .7    1.3     .9     .9    1.1     .4 |   9.4    7.0   10.5   11.4 |      8.4 
  1998           |    .8     .1    -.1     .5     .5    -.8    -.4    2.4    -.2    1.0     .2     .5 |   6.1    2.1    3.3    8.0 |      6.7 
  1999           |    .3     .8    -.1     .4     .9    -.3     .5     .6    -.4    1.5     .6     .7 |   5.1    4.5    3.2    8.7 |      5.1 
  2000           |    .1     .2     .6     .7    -.1     .2     .1    -.7     .4    -.3    -.3    -.6 |   4.5    4.8    -.4   -2.4 |      4.1 
                 |                                                                                    |                            |
  2001           |   -.6    -.6    -.2    -.3    -.6    -.7    -.5    -.5    -.2    -.6    -.3     .3 |  -6.0   -5.2   -5.8   -3.8 |     -3.7 
  2002           |    .6     .0     .8     .2     .5    1.1    -.3     .2     .1    -.4     .5    -.5 |   3.6    5.8    3.1    -.3 |       .5 
  2003           |    .7    -.1     .1    -.9     .1     .5     .2    -.4     .8     .1    1.0    -.2 |   2.1   -2.2    2.5    4.4 |      1.3 
  2004           |    .0     .8    -.2     .4     .8    -.7     .9     .5     .0    1.0    -.1     .7 |   2.6    3.3    4.0    5.5 |      3.1 
  2005           |    .7     .8    -.5     .4     .3     .1    -.3     .5   -1.0    1.5     .8     .2 |   6.6    2.3    -.7    6.4 |      4.1 
                 |                                                                                    |                            |
  2006           |    .8    -.3     .0     .5    -.4     .4    -.3     .7     .1    -.4     .0    1.4 |   3.8     .8    1.0    1.5 |      2.6 
  2007           |   -.5     .4     .9     .7    -.1     .3     .1    -.3     .5    -.3     .6     .1 |   4.0    5.9    1.1    1.2 |      2.8 
  2008           |   -.4    -.6    -.3   -1.1    -.5    -.7   -1.2   -1.2   -3.5    -.6   -2.4   -3.5 |  -2.6   -8.2  -14.0  -21.9 |     -4.8 
  2009           |  -3.0    -.1   -1.9    -.7   -1.1    -.3    1.5    1.1     .9     .2    1.0    -.2 | -24.4  -10.6    8.1    7.1 |    -13.8 
  2010           |   1.1     .0    1.2     .8    1.4    -.1     .6     .1     .0     .1     .0     .5 |   6.9   10.4    4.2    1.2 |      5.8 
                 |                                                                                    |                            |
  2011           |    .2     .1     .6    -.6     .1     .1     .6     .4     .3     .5    -.3     .7 |   3.1    -.1    4.5    3.8 |      2.9 
  2012           |    .8     .3    -.5     .5    -.4     .2    -.1    -.2    -.1    -.4     .7     .8 |   5.2     .6   -1.1    1.2 |      2.6 
  2013           |   -.3     .5    -.1    -.4     .3     .2    -.9     .9     .1     .1     .0     .0 |   2.9    -.1    -.1    1.7 |       .9 
  2014           |  -1.1    1.0     .8    -.2     .3     .4     .4    -.5     .0    -.1     .8    -.3 |   -.8    4.3    1.6     .5 |      1.1 
  2015           |   -.4    -.7     .3    -.1     .0    -.4     .7    -.3    -.4     .0    -.3    -.3 |  -2.9   -1.2     .2   -2.8 |      -.5 
                 |                                                                                    |                            |
  2016           |    .7    -.6    -.2    -.4     .0     .3     .3    -.4     .4     .3     .1     .3 |   -.3   -2.4    1.2    2.5 |      -.8 
  2017           |    .6    -.1    -.3    1.1    -.2     .1    -.2    -.3    -.2    1.3     .3    -.1 |   3.0    3.4   -1.6    5.3 |      2.0 
  2018           |   -.4    1.1     .0     .4    -.8     .7     .4     .4     .0    -.2     .4     .6 |   1.6    2.0    3.6    1.5 |      2.3 
  2019           |   -.3    -.4                                                                       |                            |          
                 |                                                                                    |                            |
 IP (2012=100)   |                                                                                    |                            |
  1989           |  63.6   63.0   62.9   63.1   62.5   62.6   61.9   62.5   62.3   62.2   62.3   62.4 |  63.2   62.7   62.2   62.3 |     62.6 
  1990           |  62.2   63.1   63.5   63.3   63.4   63.6   63.5   63.7   63.6   63.1   62.4   62.0 |  62.9   63.4   63.6   62.5 |     63.1 
                 |                                                                                    |                            |
  1991           |  61.5   61.1   60.7   60.9   61.3   61.9   62.1   62.3   63.0   62.8   62.7   62.6 |  61.1   61.4   62.5   62.7 |     61.9 
  1992           |  62.2   62.8   63.4   63.8   64.1   64.3   64.9   64.6   64.7   65.1   65.4   65.3 |  62.8   64.1   64.7   65.2 |     64.2 
  1993           |  65.9   66.1   65.9   66.3   66.2   66.1   66.3   66.2   66.6   67.2   67.4   67.8 |  66.0   66.2   66.3   67.5 |     66.5 
  1994           |  67.9   68.0   68.9   69.5   69.9   70.1   70.4   71.0   71.3   72.0   72.6   73.4 |  68.3   69.9   70.9   72.7 |     70.4 
  1995           |  73.5   73.3   73.5   73.3   73.5   73.8   73.4   74.2   74.8   74.8   74.8   75.1 |  73.4   73.6   74.1   74.9 |     74.0 
                 |                                                                                    |                            |
  1996           |  74.5   75.7   75.6   76.4   77.0   77.8   78.0   78.5   79.1   79.0   79.7   80.4 |  75.3   77.1   78.5   79.7 |     77.6 
  1997           |  80.5   81.6   82.4   82.3   82.9   83.5   84.0   85.1   85.8   86.6   87.5   87.9 |  81.5   82.9   85.0   87.3 |     84.2 
  1998           |  88.6   88.7   88.6   89.0   89.5   88.8   88.5   90.6   90.4   91.3   91.4   91.9 |  88.6   89.1   89.8   91.6 |     89.8 
  1999           |  92.2   93.0   92.9   93.3   94.1   93.8   94.2   94.8   94.4   95.8   96.4   97.1 |  92.7   93.7   94.5   96.5 |     94.3 
  2000           |  97.2   97.4   98.0   98.7   98.6   98.8   98.9   98.2   98.7   98.4   98.1   97.5 |  97.5   98.7   98.6   98.0 |     98.2 
                 |                                                                                    |                            |
  2001           |  97.0   96.3   96.1   95.8   95.2   94.6   94.2   93.7   93.5   93.0   92.7   93.0 |  96.5   95.2   93.8   92.9 |     94.6 
  2002           |  93.5   93.5   94.2   94.4   94.9   96.0   95.6   95.8   96.0   95.6   96.0   95.6 |  93.7   95.1   95.8   95.7 |     95.1 
  2003           |  96.2   96.2   96.3   95.5   95.6   96.0   96.3   95.9   96.6   96.8   97.7   97.5 |  96.2   95.7   96.3   97.3 |     96.4 
  2004           |  97.5   98.3   98.1   98.5   99.3   98.5   99.4   99.9   99.9  100.9  100.8  101.5 |  98.0   98.8   99.7  101.1 |     99.4 
  2005           | 102.3  103.1  102.6  103.0  103.4  103.5  103.1  103.6  102.6  104.1  104.9  105.1 | 102.7  103.3  103.1  104.7 |    103.4 
                 |                                                                                    |                            |
  2006           | 105.9  105.6  105.6  106.1  105.6  106.0  105.7  106.4  106.4  106.0  106.1  107.6 | 105.7  105.9  106.2  106.6 |    106.1 
  2007           | 107.0  107.5  108.4  109.1  109.0  109.4  109.5  109.2  109.7  109.3  110.0  110.1 | 107.6  109.2  109.5  109.8 |    109.0 
  2008           | 109.6  108.9  108.6  107.4  106.8  106.1  104.8  103.6  100.0   99.3   97.0   93.6 | 109.1  106.8  102.8   96.6 |    103.8 
  2009           |  90.8   90.6   89.0   88.3   87.4   87.1   88.4   89.4   90.2   90.4   91.2   91.1 |  90.1   87.6   89.3   90.9 |     89.5 
  2010           |  92.1   92.0   93.1   93.9   95.2   95.1   95.7   95.7   95.7   95.8   95.9   96.3 |  92.4   94.7   95.7   96.0 |     94.7 
                 |                                                                                    |                            |
  2011           |  96.5   96.6   97.1   96.6   96.7   96.8   97.4   97.8   98.1   98.7   98.4   99.1 |  96.7   96.7   97.8   98.7 |     97.5 
  2012           |  99.9  100.2   99.8  100.3   99.9  100.1  100.0   99.8   99.7   99.4  100.1  100.9 | 100.0  100.1   99.8  100.1 |    100.0 
  2013           | 100.6  101.0  100.9  100.5  100.8  101.1  100.1  101.0  101.2  101.2  101.2  101.2 | 100.8  100.8  100.8  101.2 |    100.9 
  2014           | 100.0  101.1  101.9  101.8  102.0  102.4  102.9  102.3  102.3  102.2  103.0  102.7 | 101.0  102.1  102.5  102.6 |    102.0 
  2015           | 102.2  101.5  101.9  101.7  101.7  101.3  102.0  101.7  101.2  101.2  100.9  100.6 | 101.9  101.6  101.6  100.9 |    101.5 
                 |                                                                                    |                            |
  2016           | 101.3  100.7  100.5  100.1  100.1  100.4  100.7  100.3  100.7  101.0  101.1  101.4 | 100.8  100.2  100.5  101.2 |    100.7 
  2017           | 102.0  102.0  101.7  102.8  102.6  102.8  102.6  102.3  102.1  103.5  103.8  103.7 | 101.9  102.7  102.3  103.7 |    102.7 
  2018           | 103.3  104.4  104.5  104.9  104.1  104.8  105.2  105.7  105.7  105.4  105.9  106.5 | 104.1  104.6  105.5  105.9 |    105.0 
  2019           | 106.1  105.7                                                                       |                            |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from October 2018 through February 2019 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 2.
 <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes.
 
 
 
1Table 7B
 Capacity and Utilization: Manufacturing <1>
 Seasonally adjusted
 
 
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
                 |   Jan.   Feb.   Mar.   Apr.    May   June   July   Aug.  Sept.   Oct.   Nov.   Dec.|     Q1     Q2     Q3     Q4|    Annual
 ---------------------------------------------------------------------------------------------------------------------------------------------
                 |                                                                                    |                            |
 Capacity        |                                                                                    |                            |
 (percent of     |                                                                                    |                            |
 2012 output)    |                                                                                    |                            |
  1989           |  74.4   74.5   74.7   74.8   75.0   75.1   75.3   75.5   75.7   75.9   76.1   76.3 |  74.5   75.0   75.5   76.1 |     75.3 
  1990           |  76.5   76.7   76.9   77.0   77.2   77.4   77.5   77.7   77.8   77.9   78.1   78.2 |  76.7   77.2   77.7   78.1 |     77.4 
                 |                                                                                    |                            |
  1991           |  78.3   78.4   78.5   78.6   78.6   78.7   78.8   78.9   79.0   79.2   79.3   79.4 |  78.4   78.7   78.9   79.3 |     78.8 
  1992           |  79.6   79.8   80.0   80.2   80.4   80.6   80.8   81.0   81.2   81.4   81.5   81.7 |  79.8   80.4   81.0   81.5 |     80.7 
  1993           |  81.9   82.0   82.2   82.3   82.4   82.5   82.7   82.8   82.9   83.1   83.3   83.4 |  82.0   82.4   82.8   83.3 |     82.6 
  1994           |  83.6   83.9   84.1   84.3   84.6   84.9   85.1   85.4   85.7   86.1   86.4   86.7 |  83.9   84.6   85.4   86.4 |     85.1 
  1995           |  87.0   87.4   87.7   88.1   88.4   88.8   89.2   89.6   90.0   90.4   90.8   91.3 |  87.4   88.4   89.6   90.8 |     89.0 
                 |                                                                                    |                            |
  1996           |  91.8   92.2   92.7   93.2   93.7   94.2   94.8   95.3   95.8   96.3   96.8   97.4 |  92.2   93.7   95.3   96.8 |     94.5 
  1997           |  97.9   98.5   99.1   99.6  100.2  100.9  101.5  102.2  102.9  103.7  104.4  105.2 |  98.5  100.3  102.2  104.4 |    101.3 
  1998           | 106.0  106.8  107.5  108.3  109.1  109.8  110.5  111.2  111.9  112.5  113.1  113.7 | 106.8  109.1  111.2  113.1 |    110.0 
  1999           | 114.3  114.8  115.4  115.9  116.4  117.0  117.5  118.0  118.5  119.0  119.5  120.0 | 114.8  116.4  118.0  119.5 |    117.2 
  2000           | 120.5  121.0  121.5  122.0  122.4  122.9  123.4  123.9  124.4  124.9  125.3  125.8 | 121.0  122.4  123.9  125.3 |    123.2 
                 |                                                                                    |                            |
  2001           | 126.2  126.7  127.1  127.5  127.8  128.2  128.5  128.8  129.0  129.2  129.4  129.6 | 126.6  127.8  128.7  129.4 |    128.2 
  2002           | 129.8  129.9  130.1  130.2  130.2  130.3  130.3  130.4  130.4  130.4  130.4  130.4 | 129.9  130.2  130.4  130.4 |    130.2 
  2003           | 130.4  130.4  130.4  130.4  130.3  130.3  130.3  130.2  130.2  130.1  130.1  130.1 | 130.4  130.3  130.2  130.1 |    130.3 
  2004           | 130.0  130.0  129.9  129.9  129.8  129.8  129.8  129.9  129.9  130.0  130.1  130.3 | 130.0  129.9  129.9  130.1 |    130.0 
  2005           | 130.4  130.6  130.9  131.1  131.3  131.6  131.9  132.1  132.4  132.7  132.9  133.1 | 130.6  131.4  132.1  132.9 |    131.8 
                 |                                                                                    |                            |
  2006           | 133.4  133.6  133.8  134.0  134.2  134.4  134.6  134.8  135.1  135.4  135.7  136.0 | 133.6  134.2  134.9  135.7 |    134.6 
  2007           | 136.3  136.7  137.0  137.4  137.8  138.1  138.4  138.7  139.0  139.2  139.4  139.5 | 136.7  137.8  138.7  139.4 |    138.1 
  2008           | 139.5  139.6  139.5  139.4  139.3  139.2  139.0  138.8  138.6  138.4  138.2  138.0 | 139.5  139.3  138.8  138.2 |    139.0 
  2009           | 137.8  137.6  137.4  137.2  137.0  136.8  136.6  136.4  136.2  136.0  135.8  135.6 | 137.6  137.0  136.4  135.8 |    136.7 
  2010           | 135.3  135.1  134.9  134.7  134.4  134.2  133.9  133.7  133.5  133.2  133.1  132.9 | 135.1  134.4  133.7  133.1 |    134.1 
                 |                                                                                    |                            |
  2011           | 132.7  132.6  132.5  132.5  132.4  132.5  132.5  132.6  132.7  132.8  132.9  133.1 | 132.6  132.5  132.6  132.9 |    132.6 
  2012           | 133.2  133.4  133.6  133.7  133.9  134.1  134.2  134.4  134.6  134.7  134.9  135.0 | 133.4  133.9  134.4  134.9 |    134.1 
  2013           | 135.1  135.3  135.4  135.5  135.6  135.6  135.7  135.7  135.8  135.8  135.8  135.9 | 135.3  135.6  135.7  135.8 |    135.6 
  2014           | 135.9  135.9  135.8  135.8  135.8  135.7  135.7  135.6  135.5  135.4  135.3  135.2 | 135.9  135.8  135.6  135.3 |    135.6 
  2015           | 135.1  135.0  134.9  134.8  134.7  134.6  134.6  134.6  134.6  134.7  134.7  134.8 | 135.0  134.7  134.6  134.7 |    134.8 
                 |                                                                                    |                            |
  2016           | 134.9  135.1  135.2  135.3  135.5  135.6  135.8  135.9  136.1  136.2  136.3  136.4 | 135.1  135.5  135.9  136.3 |    135.7 
  2017           | 136.5  136.5  136.6  136.6  136.6  136.7  136.7  136.7  136.7  136.7  136.7  136.7 | 136.5  136.6  136.7  136.7 |    136.6 
  2018           | 136.8  136.8  136.9  136.9  137.0  137.1  137.2  137.3  137.4  137.5  137.6  137.7 | 136.8  137.0  137.3  137.6 |    137.2 
  2019           | 137.9  138.0                                                                       |                            |          
                 |                                                                                    |                            |
 Utilization     |                                                                                    |                            |
 (percent)       |                                                                                    |                            |
  1989           |  85.5   84.5   84.3   84.3   83.4   83.4   82.2   82.7   82.3   81.9   81.9   81.8 |  84.8   83.7   82.4   81.9 |     83.2 
  1990           |  81.4   82.3   82.6   82.1   82.1   82.2   81.9   82.0   81.8   81.0   80.0   79.3 |  82.1   82.1   81.9   80.1 |     81.5 
                 |                                                                                    |                            |
  1991           |  78.6   77.9   77.3   77.5   77.9   78.7   78.8   78.9   79.7   79.4   79.1   78.8 |  77.9   78.0   79.1   79.1 |     78.6 
  1992           |  78.2   78.7   79.3   79.6   79.8   79.8   80.4   79.8   79.7   80.0   80.1   79.9 |  78.7   79.7   79.9   80.0 |     79.6 
  1993           |  80.5   80.6   80.2   80.5   80.4   80.1   80.2   79.9   80.3   80.8   81.0   81.3 |  80.4   80.3   80.1   81.0 |     80.5 
  1994           |  81.2   81.1   82.0   82.4   82.7   82.6   82.7   83.1   83.2   83.7   84.0   84.6 |  81.4   82.6   83.0   84.1 |     82.8 
  1995           |  84.5   83.9   83.8   83.3   83.1   83.2   82.3   82.8   83.2   82.7   82.4   82.3 |  84.1   83.2   82.8   82.5 |     83.1 
                 |                                                                                    |                            |
  1996           |  81.2   82.1   81.5   82.0   82.2   82.6   82.4   82.4   82.6   82.0   82.3   82.6 |  81.6   82.2   82.4   82.3 |     82.1 
  1997           |  82.2   82.9   83.2   82.6   82.7   82.7   82.8   83.2   83.4   83.5   83.8   83.5 |  82.8   82.7   83.1   83.6 |     83.0 
  1998           |  83.6   83.1   82.4   82.2   82.0   80.8   80.0   81.5   80.8   81.2   80.9   80.9 |  83.0   81.7   80.8   81.0 |     81.6 
  1999           |  80.7   81.0   80.5   80.5   80.8   80.2   80.2   80.4   79.7   80.6   80.7   80.9 |  80.7   80.5   80.1   80.7 |     80.5 
  2000           |  80.7   80.5   80.7   80.9   80.5   80.3   80.1   79.3   79.3   78.8   78.3   77.6 |  80.6   80.6   79.6   78.2 |     79.7 
                 |                                                                                    |                            |
  2001           |  76.8   76.1   75.7   75.2   74.5   73.8   73.3   72.8   72.5   71.9   71.6   71.7 |  76.2   74.5   72.9   71.8 |     73.8 
  2002           |  72.1   71.9   72.4   72.5   72.9   73.6   73.4   73.5   73.6   73.3   73.6   73.3 |  72.1   73.0   73.5   73.4 |     73.0 
  2003           |  73.8   73.7   73.8   73.2   73.3   73.7   73.9   73.6   74.2   74.3   75.1   75.0 |  73.8   73.4   73.9   74.8 |     74.0 
  2004           |  75.0   75.6   75.5   75.8   76.4   75.9   76.6   76.9   76.9   77.6   77.5   77.9 |  75.4   76.1   76.8   77.7 |     76.5 
  2005           |  78.4   79.0   78.4   78.6   78.7   78.6   78.2   78.4   77.5   78.5   78.9   78.9 |  78.6   78.6   78.0   78.8 |     78.5 
                 |                                                                                    |                            |
  2006           |  79.4   79.1   78.9   79.2   78.7   78.9   78.5   78.9   78.8   78.3   78.2   79.1 |  79.1   78.9   78.7   78.5 |     78.8 
  2007           |  78.5   78.6   79.1   79.4   79.1   79.2   79.1   78.7   78.9   78.6   78.9   78.9 |  78.7   79.3   78.9   78.8 |     78.9 
  2008           |  78.6   78.1   77.8   77.0   76.7   76.2   75.4   74.6   72.1   71.8   70.2   67.8 |  78.2   76.6   74.1   69.9 |     74.7 
  2009           |  65.9   65.9   64.7   64.4   63.8   63.7   64.7   65.6   66.2   66.5   67.2   67.2 |  65.5   64.0   65.5   66.9 |     65.5 
  2010           |  68.0   68.1   69.0   69.7   70.8   70.9   71.4   71.6   71.7   71.9   72.0   72.5 |  68.4   70.5   71.6   72.1 |     70.7 
                 |                                                                                    |                            |
  2011           |  72.7   72.8   73.3   72.9   73.0   73.1   73.5   73.8   74.0   74.3   74.0   74.5 |  72.9   73.0   73.8   74.3 |     73.5 
  2012           |  75.0   75.1   74.7   75.0   74.6   74.7   74.5   74.2   74.1   73.8   74.2   74.7 |  74.9   74.8   74.3   74.2 |     74.5 
  2013           |  74.4   74.7   74.5   74.2   74.4   74.5   73.8   74.4   74.5   74.5   74.5   74.5 |  74.5   74.4   74.2   74.5 |     74.4 
  2014           |  73.6   74.4   75.0   74.9   75.2   75.5   75.8   75.5   75.5   75.5   76.1   75.9 |  74.3   75.2   75.6   75.8 |     75.2 
  2015           |  75.7   75.2   75.5   75.5   75.5   75.2   75.8   75.5   75.2   75.1   74.9   74.6 |  75.5   75.4   75.5   74.9 |     75.3 
                 |                                                                                    |                            |
  2016           |  75.1   74.6   74.3   74.0   73.9   74.0   74.1   73.8   74.0   74.1   74.1   74.4 |  74.7   74.0   74.0   74.2 |     74.2 
  2017           |  74.8   74.7   74.5   75.3   75.1   75.2   75.1   74.8   74.7   75.7   75.9   75.8 |  74.6   75.2   74.9   75.8 |     75.1 
  2018           |  75.5   76.3   76.3   76.6   76.0   76.5   76.7   77.0   76.9   76.7   76.9   77.3 |  76.1   76.4   76.9   77.0 |     76.6 
  2019           |  77.0   76.6                                                                       |                            |          
 ---------------------------------------------------------------------------------------------------------------------------------------------
 Note: Estimates from October 2018 through February 2019 are subject to further revision in the upcoming monthly releases.
 <1> See footnote 2 to table 2.
 
 
 
1Table 8
 Annual Proportions in Industrial Production, Market and Industry Group Summary
 
 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 Item                                                       |         NAICS |       2011        2012        2013        2014        2015        2016        2017        2018 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                            |               |
  Total IP                                                  |               |      100.0       100.0       100.0       100.0       100.0       100.0       100.0       100.0 
                                                            |               |
  MARKET GROUP                                              |               |
  Final products and nonindustrial supplies                 |               |       52.2        51.6        50.8        52.1        55.2        55.6        54.4        53.8 
     Consumer goods                                         |               |       26.2        25.2        24.8        25.4        27.8        28.7        27.9        27.6 
        Durable                                             |               |        5.1         5.1         5.3         5.6         6.3         6.6         6.4         6.3 
           Automotive products                              |               |        2.4         2.4         2.5         2.8         3.3         3.5         3.3         3.3 
           Home electronics                                 |               |         .1          .2          .2          .1          .2          .1          .1          .1 
           Appliances, furniture, carpeting                 |               |         .7          .7          .7          .8          .9          .9          .9          .8 
           Miscellaneous goods                              |               |        1.8         1.8         1.8         1.9         2.0         2.1         2.0         2.0 
        Nondurable                                          |               |       21.1        20.2        19.5        19.8        21.5        22.1        21.5        21.3 
           Non-energy                                       |               |       15.9        15.2        14.9        15.3        16.9        17.3        16.5        16.2 
              Foods and tobacco                             |               |        8.7         8.5         8.5         8.7         9.6         9.8         9.5         9.3 
              Clothing                                      |               |         .3          .2          .2          .2          .2          .2          .2          .2 
              Chemical products                             |               |        5.1         4.8         4.5         4.8         5.4         5.6         5.3         5.3 
              Paper products                                |               |        1.3         1.2         1.1         1.2         1.2         1.2         1.1         1.0 
           Energy                                           |               |        5.2         4.9         4.7         4.5         4.6         4.8         5.0         5.1 
                                                            |               |
     Business equipment                                     |               |        9.3         9.8         9.6         9.9        10.2         9.7         9.5         9.4 
        Transit                                             |               |        1.9         2.2         2.3         2.6         2.8         2.6         2.4         2.4 
        Information processing                              |               |        2.1         2.3         2.2         2.1         2.2         2.2         2.2         2.1 
        Industrial and other                                |               |        5.2         5.3         5.1         5.3         5.2         5.0         4.9         4.9 
     Defense and space equipment                            |               |        2.3         2.3         2.2         2.2         2.3         2.2         2.1         2.1 
                                                            |               |
     Construction supplies                                  |               |        4.1         4.1         4.3         4.5         4.9         5.1         5.2         5.3 
     Business supplies                                      |               |        9.5         9.1         8.8         8.9         9.2         9.3         9.1         8.8 
                                                            |               |
  Materials                                                 |               |       47.8        48.4        49.2        47.9        44.8        44.4        45.6        46.2 
     Non-energy                                             |               |       27.0        26.6        26.1        26.7        27.7        27.9        27.6        27.8 
        Durable                                             |               |       16.0        16.0        15.7        16.3        16.8        16.7        16.3        16.4 
           Consumer parts                                   |               |        2.5         2.7         2.8         2.9         3.1         3.1         3.0         3.0 
           Equipment parts                                  |               |        5.5         5.4         5.1         5.3         5.3         5.0         4.8         4.8 
           Other                                            |               |        7.9         7.8         7.9         8.1         8.4         8.5         8.5         8.7 
        Nondurable                                          |               |       11.0        10.6        10.4        10.4        10.9        11.3        11.3        11.3 
           Textile                                          |               |         .4          .4          .4          .4          .4          .4          .4          .4 
           Paper                                            |               |        2.0         2.0         1.9         1.9         2.0         2.0         1.9         1.8 
           Chemical                                         |               |        5.5         5.3         5.1         5.0         5.2         5.6         5.8         6.0 
     Energy                                                 |               |       20.8        21.8        23.1        21.2        17.2        16.5        18.0        18.4 
                                                            |               |
                                                            |               |
  INDUSTRY GROUP                                            |               |
  Manufacturing                                             |               |       72.8        72.0        70.6        72.1        76.2        77.0        75.6        75.0 
     Manufacturing (NAICS)                                  |        31-33  |       70.1        69.6        68.3        69.8        73.9        74.6        73.4        73.2 
                                                            |               |
        Durable manufacturing                               |               |       36.1        36.4        36.1        37.5        39.1        38.7        37.7        37.7 
           Wood products                                    |          321  |         .9         1.0         1.1         1.2         1.3         1.4         1.4         1.4 
           Nonmetallic mineral products                     |          327  |        1.6         1.6         1.7         1.9         2.1         2.2         2.2         2.2 
           Primary metals                                   |          331  |        2.8         2.5         2.6         2.6         2.5         2.6         2.7         2.9 
           Fabricated metal products                        |          332  |        5.3         5.3         5.4         5.5         5.7         5.6         5.5         5.6 
           Machinery                                        |          333  |        5.5         5.8         5.5         5.8         5.6         5.2         5.3         5.4 
           Computer and electronic products                 |          334  |        5.8         5.6         5.2         5.1         5.2         5.1         4.9         4.8 
           Electrical equip., appliances,                   |               |
              and components                                |          335  |        1.8         1.8         1.7         1.8         1.9         1.9         1.8         1.8 
           Motor vehicles and parts                         |       3361-3  |        4.2         4.4         4.6         5.1         5.8         6.0         5.6         5.6 
           Aerospace and miscellaneous                      |               |
              transportation equipment                      |       3364-9  |        4.2         4.3         4.4         4.7         4.9         4.5         4.3         4.1 
           Furniture and related products                   |          337  |        1.0         1.0         1.0         1.1         1.2         1.3         1.2         1.2 
           Miscellaneous                                    |          339  |        3.0         2.8         2.8         2.8         2.9         3.0         2.8         2.6 
                                                            |               |
        Nondurable manufacturing                            |               |       34.1        33.2        32.1        32.3        34.7        35.9        35.7        35.5 
           Food, beverage, and tobacco products             |        311,2  |       10.6        10.2        10.3        10.5        11.5        11.9        11.6        11.3 
           Textile and product mills                        |        313,4  |         .7          .6          .7          .7          .7          .7          .7          .6 
           Apparel and leather                              |        315,6  |         .3          .3          .2          .2          .2          .2          .2          .2 
           Paper                                            |          322  |        2.5         2.5         2.5         2.5         2.6         2.6         2.5         2.4 
           Printing and support                             |          323  |        1.5         1.4         1.4         1.4         1.5         1.5         1.4         1.3 
           Petroleum and coal products                      |          324  |        3.9         3.7         3.2         2.8         2.8         2.9         3.4         3.4 
           Chemicals                                        |          325  |       11.7        11.4        10.8        11.1        12.0        12.4        12.4        12.7 
           Plastics and rubber products                     |          326  |        2.9         3.0         3.0         3.1         3.5         3.6         3.6         3.5 
                                                            |               |
     Other manufacturing (non-NAICS)                        |    1133,5111  |        2.6         2.4         2.3         2.3         2.4         2.3         2.2         1.9 
                                                            |               |
  Mining                                                    |           21  |       17.3        18.6        19.9        17.8        13.1        12.1        14.0        14.6 
  Utilities                                                 |       2211,2  |        9.9         9.4         9.5        10.1        10.7        10.9        10.4        10.4 
     Electric                                               |         2211  |        8.7         8.3         8.5         8.9         9.4         9.5         8.9         8.7 
     Natural gas                                            |         2212  |        1.2         1.0         1.1         1.2         1.2         1.4         1.5         1.6 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 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 2018 and 2019 would
       account for a .377 percent increase in total IP.
 
 
 
1Table 9
 Industrial Production and Capacity Utilization:  SUMMARY
 Seasonally adjusted
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    |                             2012=100                              |                                   Percent change
                                    | ----------------------------------------------------------------- | -----------------------------------------------------------------------------------
                                    |      2018                                        2019             |      2018                                        2019             |    Feb. '18 to 
 Industrial production              |  Sept.[r]    Oct.[r]    Nov.[r]    Dec.[r]    Jan.[r]    Feb.[r]  |  Sept.[r]    Oct.[r]    Nov.[r]    Dec.[r]    Jan.[r]    Feb.[r]  |      Feb. '19 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                    |                                                                   |                                                                   |
  Total index                       |     109.7      109.8      110.6      110.5      110.4      110.5  |        .1         .1         .7        -.1        -.1         .0  |            3.6 
     Previous estimates             |     109.1      109.2      109.8      109.9      109.5      109.7  |        .2         .1         .6         .1        -.4         .1  |            3.5 
                                    |                                                                   |                                                                   |
  Major market groups               |                                                                   |                                                                   |
  Final Products                    |     104.0      104.2      104.8      104.6      104.3      104.3  |        .2         .2         .6        -.2        -.2         .0  |            1.9 
     Consumer goods                 |     106.5      106.7      107.3      106.6      106.0      106.1  |        .1         .2         .6        -.7        -.5         .1  |             .3 
     Business equipment             |     102.5      102.6      103.2      103.6      104.0      103.2  |        .5         .1         .6         .4         .3        -.7  |            3.9 
  Nonindustrial supplies            |     108.2      108.6      109.1      109.4      109.4      109.2  |       -.3         .4         .4         .2         .0        -.1  |             .7 
     Construction                   |     114.8      115.3      116.0      117.8      117.7      117.2  |       -.4         .4         .6        1.5         .0        -.4  |            1.8 
  Materials                         |     114.8      114.7      115.8      115.7      115.8      116.0  |        .2         .0         .9         .0         .1         .1  |            5.9 
                                    |                                                                   |                                                                   |
  Major industry groups             |                                                                   |                                                                   |
  Manufacturing (see note below)    |     105.7      105.4      105.9      106.5      106.1      105.7  |        .0        -.2         .4         .6        -.3        -.4  |            1.2 
     Previous estimates             |     105.2      104.9      105.1      105.7      105.2      104.8  |        .3        -.3         .2         .6        -.5        -.4  |            1.0 
                                    |                                                                   |                                                                   |
  Mining                            |     128.5      128.7      129.8      131.7      132.8      132.5  |       1.0         .2         .9        1.4         .9        -.2  |           12.9 
  Utilities                         |     105.6      108.3      111.2      103.7      104.4      108.2  |       -.4        2.6        2.7       -6.7         .6        3.6  |            7.6 
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                                                                                             |    Capacity
                                  |                                                             Percent of capacity                                                             |     growth
                                  | ------------------------------------------------------------------------------------------------------------------------------------------- | ---------------
                                  |     Average       1988-       1990-       1994-       2008-             |                                                                   |                
                                  |       1972-          89          91          95          09       2018  |      2018                                        2019             |    Feb. '18 to 
 Capacity utilization             |       2018         high         low        high         low       Feb.  |  Sept.[r]    Oct.[r]    Nov.[r]    Dec.[r]    Jan.[r]    Feb.[r]  |      Feb. '19 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                  |                                                                         |                                                                   |
  Total industry                  |       79.8        85.1        78.8        85.0        66.7        77.8  |      79.3       79.2       79.6       79.4       79.2       79.1  |            1.9 
     Previous estimates           |       79.8        85.2        78.8        85.0        66.7        77.2  |      78.5       78.5       78.8       78.7       78.3       78.2  |            2.2 
                                  |                                                                         |                                                                   |
  Manufacturing (see note below)  |       78.3        85.5        77.3        84.6        63.7        76.3  |      76.9       76.7       76.9       77.3       77.0       76.6  |             .9 
     Previous estimates           |       78.3        85.6        77.3        84.6        63.7        75.7  |      76.2       75.8       75.9       76.2       75.8       75.4  |            1.4 
  Mining                          |       87.1        86.3        84.3        88.6        78.3        88.1  |      92.1       91.7       91.9       92.7       93.0       92.3  |            7.8 
  Utilities                       |       85.4        93.2        84.7        93.2        78.2        75.8  |      78.7       80.6       82.6       76.9       77.3       79.9  |            2.0 
                                  |                                                                         |                                                                   |
  Stage-of-process groups         |                                                                         |                                                                   |
  Crude                           |       86.1        87.8        84.7        90.0        76.4        86.3  |      90.7       90.1       90.4       91.1       91.0       90.3  |            5.7 
  Primary and semifinished        |       80.4        86.4        78.1        87.8        63.9        76.6  |      77.4       77.8       78.6       77.4       77.3       77.4  |            1.1 
  Finished                        |       76.8        83.3        77.3        80.6        66.5        75.3  |      75.8       75.5       75.5       76.0       75.8       75.7  |            1.1 
 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 r  Revised.
 
 Note.  The statistics in this release cover output, capacity, and capacity utilization in the
 U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
 mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
 North American Industry Classification System (NAICS); electric and gas utilities are those in
 NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
 plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
 Logging and publishing are classified elsewhere in NAICS (under agriculture and information
 respectively), but historically they were considered to be manufacturing and were included in
 the industrial sector under the Standard Industrial Classification (SIC) system.  In December 2002
 the Federal Reserve reclassified all of its industrial output data from the SIC system to NAICS.
 
 
 
1
 Explanatory Note

 
 The Industrial Production and Capacity Utilization statistical
 release, which is published around the middle of the month, reports
 measures of output, capacity, and capacity utilization in
 manufacturing, mining, and the electric and gas utilities industries.
 More detailed descriptions of industrial production and capacity
 utilization are available on the Board's website at 
 www.federalreserve.gov/releases/G17. In addition, files containing
 data shown in the release, more detailed series that were published in
 the G.17 prior to December 2000, and historical data are available
 from the Data Download Program on the Board's website.  Instructions
 for searching for and downloading specific series are provided as
 well.
 
 Industrial Production
 
 Coverage. The industrial production (IP) index measures the real
 output of the manufacturing, mining, and electric and gas utilities
 industries; the reference period for the index is 2012.  Manufacturing
 consists of those industries included in the North American Industry
 Classification System, or NAICS, definition of manufacturing plus
 those industries-logging and newspaper, periodical, book, and
 directory publishing-that have traditionally been considered to be
 manufacturing and included in the industrial sector.  For the period
 since 2012, the total IP index has been constructed from 299
 individual series based on the 2012 NAICS codes. These individual
 series are classified in two ways: (1) market groups, and (2) industry
 groups.  Market groups consist of products and materials.  Total
 products are the aggregate of final products, such as consumer goods
 and equipment, and nonindustrial supplies (which are inputs to
 nonindustrial sectors).  Materials are inputs in the manufacture of
 products.  Major industry groups include three-digit NAICS industries
 and aggregates of these industries-for example, durable and
 nondurable manufacturing, mining, and utilities.  A complete
 description of the market and industry structures, including details
 regarding series classification, relative importance weights, and data
 sources, is available on the Board's website at 
 www.federalreserve.gov/releases/G17/About.htm.
 
 Source Data. On a monthly basis, the individual indexes of
 industrial production are constructed from two main types of source
 data: (1) output measured in physical units and (2) data on inputs to
 the production process, from which output is inferred.  Data on
 physical products, such as tons of steel or barrels of oil, are
 typically obtained from private trade associations and from government
 agencies; data of this type are used to estimate monthly IP wherever
 possible and appropriate.  Production indexes for a few industries are
 derived by dividing estimated nominal output (calculated using unit
 production and unit values or sales) by a corresponding Fisher price
 index; the most notable of these fall within the high-technology
 grouping and include semiconductors.  When suitable data on physical
 product are not available, estimates of output are based on
 production-worker hours by industry.  Data on hours worked by
 production workers are collected in the monthly establishment survey
 conducted by the Bureau of Labor Statistics.  The factors used to
 convert inputs into estimates of production are based on historical
 relationships between the inputs and the comprehensive annual data
 used to benchmark the IP indexes; these factors also may be influenced
 by technological or cyclical developments.  The annual data used in
 benchmarking the individual IP indexes are constructed from a variety
 of source data, such as the quinquennial Censuses of Manufactures
   and Mineral Industries and the Annual Survey of Manufactures,
 prepared by the Bureau of the Census; the Minerals Yearbook,
 prepared by the U.S. Geological Survey of the Department of the
 Interior; and publications of the Department of Energy.
 
 Aggregation Methodology and Weights.  The aggregation method for
 the IP index is a version of the Fisher-ideal index formula.  (For a detailed
 discussion of the aggregation method, see the Federal Reserve Bulletin
 February 1997 and March 2001.)  In the IP index, series that measure the
 output of an individual industry are combined using weights derived from
 their proportion in the total value-added output of all industries.  The IP
 index, which extends back to 1919, is built as a chain-type index since
 1972.  The current formula for the growth in monthly IP (or any of the
 sub-aggregates) since 1972 is the geometric mean of the change in output
 (I), and, as can be seen below, is computed using the unit value added
 estimate for the current month (p_m) and the estimate for previous month:
 
 %     Equation not available in ascii file.
 
 The IP proportions (typically shown in the first column of the relevant
 tables in the monthly G.17 release) are estimates of the industries' relative
 contributions to overall growth in the following year.  For example, the
 relative importance weight of the motor vehicles and parts industry is
 about 6 percent.  If output in this industry increased 10 percent in a month,
 then this gain would boost growth in total IP by 6/10 percentage point
 (0.06 x 10% = 0.6%).  To assist users with calculations, the Federal
 Reserve's website provides supplemental monthly statistics that represent
 the exact proportionate contribution of a monthly change in a component
 index to the monthly change in the total index (www.federalreserve.gov/
 releases/G17/ipdisk/ipweightssa.txt).
 
 Timing. The first estimate of output for a month is published
 around the 15th of the following month. The estimate is preliminary
 (denoted by the superscript "p" in tables) and subject to revision
 in each of the subsequent five months as new source data become
 available. (Revised estimates are denoted by the superscript "r" in
 tables.)  For the first estimate of output for a given month, about 75
 percent of the source data (in value-added terms) are available; the
 fraction of available source data increases to 85 percent for
 estimates in the second month that the estimate is published, 94
 percent in the third month, 95 percent in the fourth month, 96 percent
 in the fifth month, and 96 percent in the sixth month. Data
 availability by data type in 2018 is summarized in the table
 below:
 
   Availability of Monthly IP Data in Publication Window
   (Percent of value added in 2018; the numbers may not sum because of rounding.) 
     Type of data                1st  2nd  3rd  4th  5th  6th 
       Physical product            34   44   54   54   56   56
       Production-worker hours     40   40   40   40   40   40
       IP data received            75   85   94   95   96   96
       IP data estimated           25   15   6    5    4    4
 
 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 more than one-half
 of the series (in terms of value added) that ultimately are based on
 physical product data (34 percent out of a total of 56 percent).  Of
 the 34 percent, about three-quarters (25 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-13 ARIMA. For series based on production-worker hours, the
 current seasonal factors were estimated with data through January 2019;
 for other series, the factors were estimated with data through at least
 December 2018.  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.  Additional documentation and 
 X-13 specifications can be found on the Board's website at
 www.federalreserve.gov/releases/G17/About.htm.
 
 Reliability.  The average revision to the level of the
 total IP index, without regard to sign, between the first and the
 fourth estimates was 0.28 percent during the 1987-2018 period.  The
 average revision to the percent change in total IP, without
 regard to sign, from the first to the fourth estimates was 0.22
 percentage point during the 1987-2018 period.  In most cases (about
 85 percent), the direction of the change in output indicated by the
 first estimate for a given month is the same as that shown by the
 fourth estimate.
 
 Rounding.  The published percent changes are calculated from unrounded
 indexes, and may not be the same as percent changes calculated from the
 rounded indexes shown in the release.
 
 Capacity Utilization
 
 Overview.  The Federal Reserve Board constructs estimates of capacity
 and capacity utilization for industries in manufacturing, mining, and
 electric and gas utilities.  For a given industry, the capacity utilization rate
 is equal to an output index (seasonally adjusted) divided by a capacity
 index.  The Federal Reserve Board's capacity indexes attempt to capture
 the concept of sustainable maximum output-the greatest level of output a
 plant can maintain within the framework of a realistic work schedule, after
 factoring in normal downtime and assuming sufficient availability of
 inputs to operate the capital in place.
 
 Coverage.  Capacity indexes are constructed for 89 detailed industries
 (71 in manufacturing, 16 in mining, and 2 in utilities), which mostly
 correspond to industries at the three- and four-digit North American
 Industry Classification System, or 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 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 27 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 about 64 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 9 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/Meth/MethCap.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 1972-2018 period, the average total industry
 utilization rate was 79.8 percent; for manufacturing, the average factory
 operating rate was 78.3 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 manufacturing, 
 utilization rates have exceeded 90 percent only in wartime.  The highs 
 and lows in capacity utilization are specific to each series and do not 
 all occur in the same month.
 
 References and Release Dates
 
 References.  The release for the annual revision that was published
 on March 27, 2019, is available on the Board's website (www.federal
 reserve.gov/releases/g17/revisions/Current/DefaultRev.htm).
 A summary of the annual revision that incorporated back to 1972 production and
 capacity indexes reclassified according to the North American Industry
 Classification System is available in an article in the Federal
 Reserve Bulletin, vol. 89 (April 2003), pp.151-176.  A description
 of the aggregation methods for industrial production and capacity
 utilization is included in an article in the Federal Reserve
 Bulletin, vol. 83 (February 1997), pp. 67-92.  The Federal Reserve
 methodology for constructing industry-level measures of capital is
 detailed in "Capital Stock Estimates for Manufacturing Industries:
 Methods and Data" by Mike Mohr and Charles Gilbert (1996), which can
 be obtained at www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.
 
 Industrial Production-1986 Edition contains a more detailed description
 of the other methods used to compile the industrial production index, plus
 a history of its development, a glossary of terms, and a bibliography.  The
 major revisions to the IP indexes and capacity utilization since 1990 have
 been described in the Federal Reserve Bulletin (April 1990, June 1990,
 June 1993, March 1994, January 1995, January 1996, February 1997,
 February 1998, January 1999, March 2000, March 2001, March 2002,
 April 2003, Winter 2004, Winter 2005, March 2006, May 2007, August 2008, 
 August 2009) or in online staff studies
 (www.federalreserve.gov/releases/g17/articles/rev2010/industrial10.pdf, 
 www.federalreserve.gov/releases/g17/articles/rev2012/industrial12.pdf,
 www.federalreserve.gov/releases/g17/articles/rev2013/industrial13.pdf).
 
 Release Schedule
 
 In 2019, the G.17 will be published at 9:15 a.m. on:
 
 January 18, February 15, March 15, April 16, May 15, June 14,
 July 16, August 15, September 17, October 17, November 15, and December 17.
 
 This release schedule is available on the Board's website at
 http://www.federalreserve.gov/releases/g17.