FEDERAL RESERVE statistical release

G.17 (419) 2016 Historical and Annual Revision For release at 12:00 noon (EDT)

April 1, 2016

Industrial Production and Capacity Utilization: The 2016 Annual Revision

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

capacity and capacity utilization.1 Total IP is now reported to have increased about 21/2 percent per year, on

average, from 2011 through 2014 before falling 11/2 percent in 2015.2 Relative to earlier reports, the current rates

of change are lower, especially for 2014 and 2015. Total IP is now estimated to have returned to its pre-recession

peak in November 2014, six months later than previously estimated. Capacity for total industry is now reported

to have increased about 2 percent in 2014 and 2015 after having increased only 1 percent in 2013. Compared

with the previously reported estimates, the gain in 2015 is 1/2 percentage point higher, and the gain in 2013 is

1/2 percentage point lower. Industrial capacity is expected to increase 1/2 percent in 2016.

This revision incorporates newly available annual data on output and prices. The updated IP indexes

include new detailed data for manufacturing from the U.S. Census Bureau’s 2014 Annual Survey of

Manufactures (ASM) as well as revised data from the 2013 ASM. In addition, as a result of the new data on

output for 2014, the productivity assumptions that feed into industrial production for subsequent years have been

revised downward. The weaker productivity assumptions reflected the expectation that the slower pace of

productivity growth for 2011 through 2014, compared with previous years, persisted in 2015 and after.

Other new annual data have been incorporated in addition to the data from the ASM. The IP indexes for

publishing reflect new data for 2014 and revised data for 2013 from the Census Bureau’s Service Annual Survey.

The Census Bureau recently benchmarked the Service Annual Survey to the 2012 Economic Census, which

resulted in updated estimates for 2008 through 2012. For logging, the IP indexes were updated with 2014 data

from the U.S. Forest Service. In addition, the indexes for metallic and nonmetallic minerals were updated with

revised annual data for 2014 from the Department of the Interior’s U.S. Geological Survey (USGS). Data on

prices from the Bureau of Labor Statistics (BLS) were also incorporated into most of the manufacturing indexes.

The monthly estimates of production have been updated to include late-arriving or revised monthly or

quarterly indicator data (either outputs from or inputs to production), and they also now reflect recalculations of

seasonal factors. In addition, the method used to calculate the high-frequency indicator for one production index

was updated.

In the fourth quarter of 2015, capacity utilization stood at 75.8 percent, a rate nearly 11/4 percentage

points lower than previously published and more than 4 percentage points below its long-run (1972–2015)

average. The downward revision to the overall operating rate resulted from slower growth for IP. Relative to

earlier estimates, the utilization rates for total industry from 2012 to 2014 are little changed, as the revision to the

rates of change for capacity roughly matched those for IP.

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

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

years before 1972 were not revised.

2Rates 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.

1
The revised estimates of capacity and capacity utilization incorporated data for the manufacturing sector

from the Census Bureau’s Quarterly Survey of Plant Capacity Utilization (QSPC) for the fourth quarter of 2015,

along with new data on capacity primarily for the energy and mining sectors from the USGS, the U.S.

Department of Energy, and other organizations. The revised estimates also include new data on capital spending

from the 2013 ASM. Capital expenditures data from the 2014 ASM are not yet available.

RESULTS OF THE REVISION

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

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

the percent changes in total IP, for January 1986 through February 2016. Tables 2 and 3 show the revised rates of

change in IP from 2011 through 2015 for market groups, industry groups, special aggregates, and selected detail.

Table 4 shows the annual rates of change for total IP and for major market and industry groups for 2011 through

2015. Table 5 presents the revised rates of change in capacity by industry groups for 2012 through 2016. Tables

2 through 5 also show the differences between the revised and previous estimates of the rates of change. Table 6

contains the revised capacity utilization rates for the fourth quarters of 2012 through 2015; it also shows the

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

for 2011 through 2015. Table 8 contains revised capacity utilization rates for the second and fourth quarters from

the second quarter of 2011 through the fourth quarter of 2015. Tables 9A, 9B, 10A, 10B, 11A, and 11B report

the revised production, capacity, and utilization measures for manufacturing, total industry excluding selected

high-technology industries, and manufacturing excluding selected high-technology industries. Table 12 displays

the annual proportions in IP by market and industry groups for 2008 through 2015. Table 13 reports revised

monthly IP indexes for the major market and industry groups for September 2015 through February 2016, and it

also reports revised capacity utilization rates for the same period.

Industrial Production

Revisions to the changes in total IP show lower rates of change in recent years than were previously

estimated (figure 1 and tables 2 and 7).3 Total IP is still reported to have increased in each year from 2011 to

2014 before falling back in 2015. The gains in 2011 through 2013 are similar to those reported earlier, but the

rates of change for 2014 and 2015 are noticeably lower. As currently reported, total IP did not return to its

pre-recession peak until November 2014; previously, it was reported to have reached that level in May 2014.

On net, the revision resulted in lower estimates for manufacturing in recent years than stated earlier; the

estimates for mining and utilities were little revised. In particular, manufacturing output is currently reported to

have increased 2 percent in 2014 and to have been unchanged in 2015, whereas it was previously stated to have

advanced about 31/2 percent in 2014 and 1 percent in 2015.4 The cumulative effects of these revisions leave

manufacturing IP in February 2016 more than 6 percent below its pre-recession peak.

Production by Industry Group

The revised, smaller increases for manufacturing for 2014 and 2015 resulted from rates of change for

many durable and nondurable goods industries that are lower than reported earlier.

The production of durables is currently estimated to have declined 3/4 percent in 2015 after posting

average gains of 33/4 percent for 2011 through 2014. Previously, it was reported to have advanced 1/2 percent in

2015 and at an average rate of about 31/2 percent for 2011 through 2014. As currently estimated, the production

3

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

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

4Manufacturing consists of those industries in the North American Industry Classification System definition of manufacturing, plus those industries—logging and

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

2
of durables in February 2016 is about 1 percent above its pre-recession peak.

Within durables, most industry groups posted gains in output for most years from 2011 through 2014.

However, declines in 2015 were widespread, with especially large losses in the output of primary metals and

machinery. Relative to earlier estimates, the net gains over the period from 2011 to 2015 are now reported to be

lower for every durable goods industry other than nonmetallic mineral products, computer and electronic

products, and aerospace and miscellaneous transportation equipment. In particular, the contours for machinery;

electrical equipment, appliances, and components; furniture and related products; and miscellaneous

manufacturing show much lower growth than previously reported.

The output of selected high-technology industries increased quickly over the period from 2011 to 2014

but barely edged up in 2015 (table 3). The current estimates for growth in 2013 and 2014 are appreciably

stronger than the earlier estimates, primarily as a result of higher estimates for communications equipment and

semiconductors.

The output of nondurable manufacturing industries declined sharply during the recession and has

increased only modestly, on net, since then. The index moved up less than 1/2 percent per year, on average, for

the period from 2011 to 2015. With this revision, the growth of output over recent years is now lower than

reported earlier; the slower path for output is most notable in 2013 and 2014, when the rates of change for each

year have been revised down more than 1 percentage point. The indexes for most major nondurables industries,

with the exceptions of food and of petroleum and coal products, remain well below their pre-recession peaks.

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

Classification System (NAICS)—that is, logging and publishing—fell or was little changed in every year from

2011 to 2015. The revisions took the cumulative decrease over that period from about 171/2 percent to about

20 percent, with rates of change lower for 2011, 2012, and 2015 and higher for 2013 and 2014.

The production index for mining fell 81/4 percent in 2015 because of declines for oil and natural gas well

drilling and servicing over this period. Rates of change for mining output are very similar to previous reports.

The output index for electric and natural gas utilities is now reported to have declined slightly more in 2015 than

estimated earlier.

Production by Market Group

The production index for final products and nonindustrial supplies grew more than 11/4 percent per year,

on average, between 2011 and 2014 before falling 1 percent in 2015 (table 2). Relative to previous reports, the

rates of change in the index for 2013 through 2015 are now stated to have been lower. In February 2016, the

index was more than 8 percent below its pre-recession peak.

The index for consumer goods now shows a weaker post-recession recovery than was previously

estimated, with lower rates of change widespread across both the durables and nondurables categories. As

currently stated, the output of consumer goods moved up at an average annual pace of 1 percent from 2013

through 2015 after declining 11/2 percent in 2012.

Following a sharp decline during the recession, the index for business equipment rose substantially

through 2012 and then declined in 2013, moved up in 2014, and came back down somewhat in 2015. Relative to

earlier reports, the output gain in 2014 is considerably weaker as a result of lower production across all major

components of business equipment: transit equipment, information processing equipment, and industrial and

other equipment. The output of business equipment surpassed its early 2008 peak in late 2014 but was nearly

2 percent below its peak as of February 2016.

3
The production of defense and space equipment fell about 4 percent per year, on average, from 2013 to

2015. As currently published, the decline for 2013 is not as steep as in the earlier estimates, but the drops for

2014 and 2015 are each revised down more than 21/2 percent.

After falling sharply during the recession, the output of construction supplies has advanced in every year

since. Even with these gains, however, the index in February 2016 was about 18 percent below its pre-recession

peak. The index rose about 33/4 percent per year in the period from 2012 to 2014, on average, but it moved up

only about 1 percent in 2015. The increases in 2014 and 2015 are now reported to be smaller than previously

published. Compared with the index for construction supplies, the index for business supplies declined less

steeply during the recession and rebounded less sharply during the recovery, and its most recent reading was

about 8 percent below its pre-recession peak. Relative to the previously published estimates, gains in the output

of business supplies are now more modest in 2014 and 2015.

The output of materials recovered strongly after the recession before falling 21/4 percent in 2015. As

currently estimated, the gain in 2014 is not as robust as previously estimated and the decline in 2015 is steeper.

Still, in February 2016, the index stood 61/4 percent above its pre-recession peak.

Within materials, the recovery from the recession has been uneven. The output of durable goods

materials grew quickly through 2011, then grew more slowly from 2012 to 2014 before declining in 2015. The

output of nondurable goods materials has been more or less flat since 2011. By contrast, the output of energy

materials grew rapidly through 2014 before falling about 5 percent in 2015. Relative to earlier estimates, on net,

the indexes for durable materials, nondurable materials, and energy materials have all been lower in recent years.

Capacity

After increasing 1 percent in 2013 and 2 percent in both 2014 and 2015, capacity is projected to increase

about 1/2 percent in 2016 (table 5).5 The gain in total industrial capacity in recent years is, on net, close to the

previously reported increase, though the advance in 2013 is now about 1/2 percentage point weaker than

previously estimated, while the gain for 2015 is stronger by a similar amount.

With this revision, manufacturing capacity now shows a slower post-recession recovery than reported

earlier. Most notably, capacity is now estimated to have increased about 1/2 percent over 2013 and 2014

combined, whereas the previous measure showed an expansion of nearly 2 percent. Relative to earlier estimates,

the gains in other recent years are now more modest; the increase in the manufacturing capacity index over 2012

through 2015 is about 2 percentage points below the previously reported value.

Capacity in durable manufacturing industries advanced in each year from 2012 to 2015, with average

increases of about 2 percent for 2012 and 2013 and slower gains of about 1/2 percent, on average, for 2014 and

2015. Relative to the previous estimates, the additions to durable manufacturing capacity are now reported to be

more than 1 percentage point weaker for 2014 and 2015.

For nondurable manufacturing, capacity growth has averaged about 3/4 percent from 2012 through 2015,

about the same rate as in the previous estimates as revisions to the individual years roughly offset. Capacity is

now shown to have contracted 3/4 percent in 2013; previously, it was reported to have expanded by a similar

amount. These lower estimates were primarily due to downward revisions for petroleum and coal products,

chemicals, and plastics and rubber products. In other recent years, nondurable manufacturing capacity expanded,

and the rates of increase are now reported to have been stronger in 2014 and 2015.

The capacity index for non-NAICS manufacturing fell about 5 percent per year in 2013, 2014, and 2015,

5

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

4
primarily because of declines in capacity for newspaper, periodicals, and book publishing. The declines in each

of these years are between 21/2 and 4 percentage points weaker than those reported earlier.

Capacity at mines increased around 61/2 percent, on average, from 2012 through 2015, but it is projected

to fall 31/2 percent in 2016. Relative to previous estimates, the rate of change for 2014 is now about 1 percentage

point less, and the rate in 2015 is about 11/2 percentage points more. Capacity at utilities increased about

3/4 percent, on average, from 2012 to 2015. The revised gains are little changed from the earlier estimates.

Capacity at the crude stage of processing recorded gains of 4 percent or more in each year from 2012

through 2015, but it is expected to contract nearly 3 percent in 2016. Relative to previous estimates, the rates of

change in capacity at the crude stage are now reported to be higher in 2015 and little revised in other years.

Capacity at the primary and semifinished stages increased modestly each year from 2012 to 2015—little changed

from previous estimates—and is expected to increase 1 percent in 2016. Capacity at the finished stage increased

in 2012, fell back in 2013, and then moved up in each year since. The rates of change were revised down for

each year from 2013 through 2015.

Capacity Utilization

Capacity utilization for total industry moved somewhat higher in 2013 and 2014 before falling in 2015.6

The pullback in 2015 resulted from a large cutback for mining and smaller reductions for both manufacturing

and utilities. In the fourth quarter of 2015, capacity utilization for total industry was 75.8 percent, a rate

4.2 percentage points below its long-run average of 80.0 percent and equal to its value in the second quarter of

2011 (table 6 and table 8). Compared with earlier estimates, capacity utilization for total industry is now reported

to have been higher in 2012 and 2013 but lower in 2014 and especially in 2015.

The capacity utilization rate for manufacturing was relatively flat in 2012 and 2013; it moved up some in

2014 but fell back slightly in 2015. It has remained at least 21/2 percentage points below its long-run average over

the entire period from 2012 through 2015. Relative to previous reports, the capacity utilization rates for

manufacturing are now modestly higher in 2012 and 2013 and somewhat lower in 2014 and 2015. At

75.6 percent, the rate for February 2016 was 2.9 percentage points below its long-run average.

The utilization rate for durable manufacturing increased in 2013, moved up more solidly in 2014, and

then fell back somewhat in 2015. Utilization for durables was about 1 percentage point below its long-run

average in the fourth quarter of 2015, as slightly less than half of the major industry groups in table 6 recorded

operating rates below their long-run averages.

The utilization rate for nondurable manufacturing has held steady at about 5 percentage points below its

long-run average since 2012. The rates for nondurables in 2014 and 2015 were revised down 11/2 and

21/2 percentage points, respectively, but they were little revised for earlier years. As of the fourth quarter of 2015,

the operating rates for all nondurable manufacturing industry groups were below their industry-specific long-run

averages (tables 6 and 8), with the rates for apparel and leather and for printing and support more than

10 percentage points below their long-run averages.

Capacity utilization rates for mining trended up from 2010 through 2014, reaching nearly 91 percent, a

rate that is 31/2 percentage points above its long-run average. Subsequently, the utilization rate fell almost

12 percentage points over the course of 2015, largely because of decreased output and increased capacity in the

oil and gas drilling and servicing sector. Capacity utilization rates in mining for recent years were about

1 percentage point of the previous estimates.

6Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the reference year.

5
The operating rates for utilities have been below their long-run average of 85.8 percent for the past

several years; the current estimates are somewhat higher in 2014 and 2015 than previously reported.

TECHNICAL ASPECTS OF THE REVISION

The industrial production (IP) statistics are monthly production indexes that represent the level of real

output relative to a base year. At the monthly frequency, movements of the indexes are based on indicators that

are derived using industry-specific data from a variety of government and private sources. The monthly

production indexes, however, are anchored to annual benchmarks that are less timely but typically based on more

comprehensive data. Annual revisions to the industrial production and capacity measures involve (1)

incorporating new 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 used to

construct the indexes.

This revision includes new annual manufacturing data from the 2014 Annual Survey of Manufactures

(ASM), as well as revised data from the 2013 ASM. For most industries, this revision updated the benchmark

index deflators with producer price indexes (PPIs) from the Bureau of Labor Statistics (BLS). For a few selected

industries, updated price indexes constructed by the Federal Reserve were incorporated.7 New annual data were

also incorporated into several other indexes. The benchmark indexes for metallic and nonmetallic mineral

mining were updated with revised 2014 data from the U.S. Geological Survey, and the benchmark indexes for

logging and publishing were advanced through 2014 based on data from the U.S. Forest Service and the U.S.

Census Bureau.

The revised IP indexes include information from the Quarterly Survey of Plant Capacity Utilization

(QSPC) for 2015 and from other industry reports. The indexes also incorporate revised monthly and quarterly

source data on production, shipments, and inventories.

Annual Benchmark Real Output Indexes

The annual benchmark output indexes for IP are measures of real gross output at the six-digit North

American Industry Classification System (NAICS) level. The Census Bureau provides annual figures for value

added and the cost of materials for manufacturing industries, which can be summed to obtain nominal gross

output. The benchmark indexes for this revision incorporated revised information for 2013 and new information

for 2014 from the ASM.

To obtain individual benchmarks of real gross output, the measures of nominal gross output were 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 through 2014 with the related PPIs.8

Methodological Changes to Individual Production Indexes

One production indicator was affected by methodological changes in this revision.

Fertilizer

With this revision, the IP index for fertilizer (NAICS 32531) incorporates information only on the

7For 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 data storage devices and

for selected components of communications equipment and semiconductors are available on the Board’s website at www.federalreserve.gov/releases/g17.

8Overall, at the industry level, the BEA measures and PPI measures are quite similar, as the BEA used weighted product-level PPIs to derive their industry-level

shipments deflator.

6
production of the two base fertilizer products—anhydrous ammonia and phosphate rock—and no longer adds to

that the output of their downstream products. This change leaves the historical movements in the index largely

unrevised.

Adjustments to Market Groups

The industrial production indexes are organized in two main ways: industry groups and market groups.

Industry groups reflect a supply-oriented classification where output is grouped based on the NAICS industries

of the producers. Market groups reflect a demand-oriented classification where output is grouped according to

the purchaser and by how the output is used. An industry’s output is often allocated across a variety of market

groups. Whenever possible, an industry’s market group allocation is determined through detailed product-level

data. For example, the IP index for steel mill products (NAICS 3311 and NAICS 3312) uses data from the

American Iron and Steel Institute that includes information on the end-market classifications for different types

of steel (for example, automotive, construction, or oil patch). These classifications are used to allocate the

production of steel mill products to different market groups. For industries where market-level detail is not

available, an industry’s market group allocation is determined based on information provided in the BEA’s

Input-Output (I-O) tables, which are issued every five years.

Non-energy Business Supplies

This revision changes the name of one market group: The name “Non-energy business supplies” replaces

“General business supplies.” The components of this group are unchanged.

Weights for Aggregation

The IP system is organized as a hierarchical structure where the finest-level production indexes are

aggregated using a version of the Fisher-ideal index formula to construct higher-level measures of production.

The weights that are used to combine individual IP measures into more aggregate measures are based on the

value added from the industry, calculated as gross output less cost of materials. For IP indexes that are defined at

the six-digit (or more aggregate) NAICS level, the value-added weights are derived from the Economic Census

or ASM. For IP indexes that cover only part of a six-digit NAICS industry, the aggregation weights were

constructed by allocating value added for a six-digit industry across the various components of IP that compose

that industry. Data from the Economic Census and ASM on shipments of different types of products within a

six-digit NAICS industry were used to determine the share of an industry’s value added that was assigned to each

component IP index.

The Federal Reserve derives estimates of value added for the electric and gas utility industries from

annual revenue and expense data issued by other organizations. 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.

The weights for aggregation expressed as value added per unit were estimated with data on producer

prices for the period after 2014. Table 12 shows the annual value-added proportions in the IP index from 2008

through 2015.

Revised Quarterly and Monthly Data

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

7
reporting window for monthly IP was closed. These data were released with too great of a lag to be included

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

Revised Seasonal Factors

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

patterns—were updated with data through January 2016. The updated factors for the physical product series,

which include adjustments for holiday and workday patterns, used data through December 2015 where available.

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

2016 are available on the Board’s website at www.federalreserve.gov/releases/g17/mvsf.htm. These factors are

based on production data through March 2016 and were revised back to January 1996. The seasonal factors

explicitly incorporate the holiday schedule for the vehicle assembly lines specified in the latest collective

bargaining agreements with domestic manufacturers.

Data Availability and Publication Changes

Files containing the revised data and the text and tables from this release are available on the Board’s website at www.federalreserve.gov/releases/g17, as are updated data

for the annual revision and for all of the regularly issued series on industrial production, capacity, and capacity utilization. Other changes are listed on the Board’s website at

www.federalreserve.gov/releases/g17/g17 revision series.htm.

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

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

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

8
1. Total industrial production, capacity, and utilization

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

 Research (NBER). 

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

55

60

65

70

80

90

100

110

120

130

140

Capacity

Production

Revised

Earlier

Ratio scale, 2012 output = 100

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

62

66

70

74

78

82

86

Utilization

Percent of capacity

9
2. Manufacturing industrial production, capacity, and utilization

 Notes: Manufacturing consists of those industries in the North American Industry Classification System, or NAICS,

 defition 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.

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

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

55

60

65

70

80

90

100

120

140

160

Capacity

Production

Revised

Earlier

Ratio scale, 2012 output = 100

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

62

66

70

74

78

82

86

Utilization

Percent of capacity

10
 3. Industrial production and capacity utilization

 Notes: High-technology industries are defined as semiconductors and related electronic components (NAICS 3344),

 computers (NAICS 3341), and communications equipment (NAICS 3342).

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

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

55

60

65

70

75

80

85

90

95

100

105

110

Excluding

high-technology

industries

Total IP

 Industrial production Ratio scale, 2012 output = 100 

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

-20

-15

-10

-5

0

5

10

15

Total IP

Excluding the

contribution

of high-technology

industries

 Industrial production Percent change from year earlier 

2008 2010 2012 2014 2016

60

65

70

80

90

100

110

120

130

140

150

Natural gas extraction

Crude oil extraction

 Industrial production Ratio scale, 2012 output = 100 

1990 1995 2000 2005 2010 2015

50

60

70

80

90

100

High-technology

industries

Excluding

high-technology

industries

 Capacity utilization Percent of capacity 

11
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

4. Consumer goods

Total Ratio scale, 2012 output = 100

 70

 80

 90

100

110

120

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Components of consumer goods Ratio scale, 2012 output = 100

 55

 75

 95

115

135

Durable

Nondurable

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

Revised durable

Revised nondurable

Earlier

Detail: 2013 to present

95

100

105

110

115

2013 2014 2015 2016

Detail: 2013 to present

95

100

105

110

115

120

125

130

135

2013 2014 2015 2016

12
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

5. Equipment

Total Ratio scale, 2012 output = 100

 30

 50

 70

 90

110

130

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

homes.

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Business equipment Ratio scale, 2012 output = 100

 20

 40

 60

 80

100

120

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Defense and space equipment Ratio scale, 2012 output = 100

 50

 70

 90

110

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

Detail: 2013 to present

 95

100

105

110

2013 2014 2015 2016

Detail: 2013 to present

 95

100

105

110

115

2013 2014 2015 2016

13
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

6. Nonindustrial supplies

Total Ratio scale, 2012 output = 100

 70

 90

110

130

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Construction supplies Ratio scale, 2012 output = 100

 60

 80

100

120

140

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Business supplies Ratio scale, 2012 output = 100

 60

 80

100

120

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

Detail: 2013 to present

 95

 100

 105

 110

2013 2014 2015 2016

Detail: 2013 to present

 95

100

105

110

115

2013 2014 2015 2016

14
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

7. Industrial materials

Total Ratio scale, 2012 output = 100

 50

 70

 90

120

Revised

Earlier

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Energy materials Ratio scale, 2012 output = 100

 70

 90

110

130

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Non-energy materials Ratio scale, 2012 output = 100

 40

 60

 80

100

130

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

Detail: 2013 to present

95

100

105

110

115

2013 2014 2015 2016

15
8. Capacity utilization by stage of process

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

70

75

80

85

90

95

100

Crude processing

Revised

Earlier

Capacity utilization Percent of capacity

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

60

65

70

75

80

85

90

95

Primary and 

semifinished processing

Capacity utilization Percent of capacity

1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

65

70

75

80

85

Finished processing

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

Capacity utilization Percent of capacity

16
Table 1A

INDUSTRIAL PRODUCTION: Total

Seasonally adjusted

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

IP (percent

change)

1986 .4 -.7 -.7 .1 .2 -.3 .5 -.1 .2 .4 .5 .8 2.4 -2.3 1.5 4.7 1.0

1987 -.3 1.3 .2 .6 .6 .5 .7 .8 .3 1.4 .5 .5 5.4 7.3 7.7 10.1 5.2

1988 .0 .4 .3 .5 -.1 .3 .1 .4 -.3 .5 .1 .5 3.7 3.6 1.5 2.9 5.2

1989 .3 -.4 .2 .1 -.7 .0 -.9 .9 -.4 -.1 .3 .6 1.8 -1.5 -2.5 1.7 .9

1990 -.7 1.0 .5 -.1 .2 .3 -.1 .3 .1 -.8 -1.2 -.7 2.8 3.1 1.7 -6.1 1.0

1991 -.4 -.7 -.5 .2 1.0 .9 .1 .1 .9 -.2 -.1 -.4 -7.4 2.4 5.6 .9 -1.5

1992 -.6 .7 .9 .7 .3 .0 .9 -.5 .2 .7 .4 .1 -.5 7.3 3.1 4.3 2.9

1993 .4 .4 -.1 .3 -.3 .2 .3 -.1 .5 .8 .4 .5 3.6 .9 1.6 6.2 3.3

1994 .4 .0 1.0 .5 .5 .6 .2 .6 .4 .9 .6 1.0 5.0 7.4 5.2 8.5 5.2

1995 .2 -.1 .1 .0 .3 .3 -.4 1.3 .4 -.1 .2 .4 4.2 1.4 3.7 3.6 4.7

1996 -.7 1.6 -.1 .9 .8 .8 -.2 .6 .7 -.1 .9 .6 2.8 8.8 5.1 5.6 4.5

1997 .1 1.2 .7 .1 .6 .5 .7 1.1 .9 .8 .9 .3 7.8 6.1 9.6 10.4 7.2

1998 .5 .1 .1 .3 .6 -.6 -.4 2.0 -.2 .8 -.1 .4 4.5 2.6 2.9 5.9 5.8

1999 .5 .5 .2 .3 .7 -.2 .6 .4 -.4 1.3 .5 .8 4.5 4.0 3.7 7.3 4.4

2000 .0 .3 .4 .7 .2 .1 -.1 -.3 .4 -.3 .0 -.3 4.1 5.1 -.4 -.8 3.9

2001 -.7 -.6 -.2 -.2 -.7 -.6 -.6 -.2 -.3 -.4 -.5 .1 -5.3 -4.9 -5.6 -4.2 -3.1

2002 .6 .0 .8 .4 .4 1.0 -.2 .0 .1 -.3 .5 -.5 2.9 6.4 2.4 -.2 .3

2003 .6 .3 -.2 -.7 .0 .2 .4 -.2 .6 .1 .8 -.1 2.2 -2.8 2.5 4.1 1.2

2004 .2 .6 -.5 .4 .8 -.8 .8 .1 .1 .9 .2 .7 2.7 2.3 2.3 5.7 2.6

2005 .5 .7 -.2 .1 .2 .4 -.3 .2 -1.9 1.3 1.0 .6 5.7 2.0 -2.0 3.8 3.3

2006 .1 .1 .2 .4 -.1 .4 .0 .3 -.2 .0 -.1 1.1 3.9 2.4 1.4 1.0 2.2

2007 -.5 1.0 .2 .7 .0 .0 .0 .2 .3 -.5 .5 .0 3.7 4.9 .9 .7 2.5

2008 -.3 -.3 -.2 -.7 -.5 -.2 -.5 -1.5 -4.3 .9 -1.2 -2.9 -1.7 -5.5 -12.2 -16.0 -3.6

2009 -2.4 -.6 -1.6 -.9 -1.0 -.4 1.0 1.1 .8 .3 .4 .3 -20.5 -11.3 5.8 6.4 -11.5

2010 1.1 .3 .7 .4 1.6 .2 .4 .4 .3 -.3 .1 .8 7.8 8.6 5.9 1.5 5.5

2011 -.1 -.4 .9 -.4 .2 .2 .5 .5 .0 .7 -.1 .4 2.0 .9 4.1 3.5 2.9

2012 .7 .3 -.7 .9 .2 .0 .3 -.5 .1 .3 .5 .3 3.6 2.5 .3 2.6 2.8

2013 -.1 .5 .1 .0 .0 .2 -.6 .7 .5 -.1 .3 .2 2.7 1.2 .9 3.2 1.9

2014 -.5 .8 .8 .1 .4 .4 .1 .0 .4 .1 1.0 -.2 2.2 5.5 2.5 3.7 2.9

2015 -.5 -.1 -.3 -.2 -.2 -.2 .6 .1 -.3 -.1 -.7 -.4 -1.9 -2.7 1.5 -3.2 .3

2016 .6 -.5

IP (2012=100)

1986 57.8 57.4 57.0 57.1 57.2 57.0 57.3 57.3 57.4 57.6 57.9 58.4 57.4 57.1 57.3 58.0 57.5

1987 58.2 59.0 59.0 59.4 59.8 60.1 60.5 61.0 61.2 62.0 62.4 62.7 58.7 59.8 60.9 62.4 60.4

1988 62.7 63.0 63.1 63.5 63.4 63.6 63.6 63.9 63.7 64.0 64.1 64.4 62.9 63.5 63.7 64.2 63.6

1989 64.6 64.3 64.5 64.5 64.1 64.1 63.5 64.1 63.9 63.8 64.0 64.4 64.5 64.2 63.8 64.1 64.2

1990 64.0 64.7 65.0 64.9 65.0 65.2 65.2 65.4 65.4 64.9 64.2 63.8 64.5 65.0 65.3 64.3 64.8

1991 63.5 63.0 62.7 62.8 63.5 64.0 64.1 64.2 64.7 64.6 64.5 64.3 63.1 63.5 64.3 64.5 63.8

1992 63.9 64.3 64.9 65.4 65.6 65.6 66.2 65.9 66.0 66.5 66.8 66.9 64.4 65.5 66.0 66.7 65.7

1993 67.1 67.4 67.4 67.6 67.3 67.5 67.7 67.6 67.9 68.4 68.7 69.1 67.3 67.5 67.7 68.8 67.8

1994 69.3 69.4 70.1 70.4 70.8 71.3 71.4 71.8 72.1 72.7 73.1 73.9 69.6 70.8 71.8 73.2 71.4

1995 74.0 73.9 74.0 74.0 74.2 74.5 74.2 75.1 75.4 75.3 75.5 75.8 74.0 74.2 74.9 75.6 74.7

1996 75.3 76.5 76.4 77.1 77.7 78.3 78.2 78.7 79.2 79.1 79.8 80.3 76.1 77.7 78.7 79.8 78.1

1997 80.4 81.4 82.0 82.0 82.5 82.9 83.5 84.4 85.2 85.9 86.7 86.9 81.3 82.5 84.4 86.5 83.7

1998 87.4 87.5 87.6 87.9 88.4 87.9 87.5 89.3 89.2 89.9 89.8 90.2 87.5 88.0 88.7 90.0 88.5

1999 90.6 91.1 91.2 91.5 92.2 92.0 92.6 93.0 92.6 93.8 94.3 95.0 91.0 91.9 92.7 94.3 92.5

2000 95.0 95.3 95.6 96.3 96.5 96.6 96.5 96.1 96.5 96.3 96.3 96.0 95.3 96.5 96.4 96.2 96.1

2001 95.4 94.8 94.5 94.3 93.7 93.1 92.6 92.4 92.1 91.7 91.2 91.3 94.9 93.7 92.4 91.4 93.1

2002 91.8 91.8 92.5 92.9 93.3 94.2 94.0 94.0 94.1 93.8 94.3 93.8 92.0 93.5 94.0 94.0 93.4

2003 94.4 94.6 94.4 93.8 93.8 93.9 94.3 94.1 94.7 94.9 95.6 95.6 94.5 93.8 94.4 95.3 94.5

2004 95.7 96.3 95.9 96.3 97.1 96.3 97.0 97.1 97.2 98.1 98.3 99.0 96.0 96.5 97.1 98.4 97.0

2005 99.4 100.1 99.9 100.1 100.2 100.6 100.3 100.5 98.6 99.9 100.9 101.5 99.8 100.3 99.8 100.8 100.2

2006 101.6 101.7 101.9 102.3 102.2 102.5 102.5 102.8 102.7 102.6 102.5 103.6 101.7 102.3 102.7 102.9 102.4

2007 103.1 104.2 104.4 105.1 105.1 105.1 105.1 105.3 105.7 105.2 105.7 105.7 103.9 105.1 105.4 105.5 105.0

2008 105.4 105.1 104.8 104.0 103.5 103.3 102.8 101.2 96.9 97.8 96.6 93.7 105.1 103.6 100.3 96.0 101.2

2009 91.5 90.9 89.5 88.7 87.8 87.4 88.3 89.3 90.0 90.3 90.6 90.9 90.6 88.0 89.2 90.6 89.6

2010 91.9 92.2 92.8 93.2 94.6 94.8 95.3 95.6 95.9 95.6 95.7 96.5 92.3 94.2 95.6 95.9 94.5

2011 96.4 96.0 96.8 96.4 96.6 96.9 97.3 97.8 97.7 98.4 98.3 98.7 96.4 96.6 97.6 98.5 97.3

2012 99.4 99.7 99.0 99.8 100.0 100.0 100.3 99.8 100.0 100.2 100.8 101.0 99.3 100.0 100.0 100.7 100.0

2013 101.0 101.5 101.6 101.6 101.6 101.8 101.2 102.0 102.5 102.4 102.8 103.0 101.4 101.7 101.9 102.7 101.9

2014 102.5 103.3 104.1 104.2 104.7 105.1 105.2 105.2 105.6 105.6 106.7 106.5 103.3 104.7 105.3 106.3 104.9

2015 106.0 105.9 105.5 105.3 105.0 104.9 105.5 105.6 105.3 105.2 104.5 104.1 105.8 105.1 105.5 104.6 105.2

2016 104.7 104.2

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

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

17
Table 1B

CAPACITY AND UTILIZATION: Total

Seasonally adjusted

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

Capacity

(percent of

2012 output)

1986 72.7 72.8 72.8 72.9 73.0 73.0 73.1 73.2 73.3 73.4 73.5 73.6 72.8 73.0 73.2 73.5 73.1

1987 73.7 73.8 74.0 74.1 74.3 74.4 74.6 74.7 74.8 74.9 75.0 75.1 73.8 74.3 74.7 75.0 74.4

1988 75.2 75.2 75.3 75.3 75.3 75.4 75.4 75.4 75.5 75.5 75.6 75.7 75.2 75.3 75.4 75.6 75.4

1989 75.8 75.9 76.0 76.1 76.3 76.5 76.6 76.8 77.0 77.2 77.3 77.5 75.9 76.3 76.8 77.3 76.6

1990 77.7 77.9 78.1 78.2 78.4 78.5 78.7 78.8 79.0 79.1 79.2 79.3 77.9 78.4 78.8 79.2 78.6

1991 79.4 79.5 79.6 79.6 79.7 79.8 79.9 80.0 80.1 80.2 80.3 80.5 79.5 79.7 80.0 80.3 79.9

1992 80.6 80.8 80.9 81.1 81.3 81.5 81.7 81.8 82.0 82.2 82.3 82.4 80.8 81.3 81.8 82.3 81.6

1993 82.6 82.7 82.8 82.9 83.0 83.2 83.3 83.4 83.5 83.7 83.8 84.0 82.7 83.0 83.4 83.8 83.2

1994 84.2 84.3 84.6 84.8 85.0 85.3 85.5 85.8 86.1 86.4 86.6 86.9 84.4 85.0 85.8 86.6 85.5

1995 87.2 87.5 87.8 88.1 88.4 88.8 89.1 89.4 89.8 90.1 90.5 90.9 87.5 88.4 89.4 90.5 89.0

1996 91.3 91.7 92.2 92.6 93.0 93.4 93.9 94.3 94.8 95.2 95.7 96.1 91.7 93.0 94.3 95.7 93.7

1997 96.6 97.1 97.6 98.1 98.6 99.2 99.7 100.3 100.9 101.6 102.2 102.9 97.1 98.6 100.3 102.2 99.6

1998 103.6 104.2 104.9 105.6 106.3 106.9 107.5 108.1 108.7 109.2 109.8 110.3 104.2 106.3 108.1 109.8 107.1

1999 110.8 111.3 111.7 112.2 112.6 113.1 113.5 113.9 114.3 114.7 115.1 115.5 111.3 112.6 113.9 115.1 113.2

2000 115.9 116.3 116.7 117.1 117.5 117.9 118.3 118.7 119.0 119.4 119.8 120.2 116.3 117.5 118.7 119.8 118.1

2001 120.6 120.9 121.3 121.6 122.0 122.3 122.6 122.9 123.1 123.4 123.6 123.9 120.9 122.0 122.9 123.6 122.3

2002 124.0 124.2 124.4 124.5 124.6 124.6 124.7 124.7 124.7 124.7 124.6 124.6 124.2 124.5 124.7 124.6 124.5

2003 124.6 124.5 124.5 124.5 124.4 124.4 124.4 124.3 124.3 124.3 124.3 124.3 124.5 124.4 124.3 124.3 124.4

2004 124.2 124.2 124.2 124.2 124.1 124.1 124.1 124.1 124.1 124.1 124.2 124.2 124.2 124.1 124.1 124.2 124.2

2005 124.3 124.4 124.6 124.7 124.9 125.0 125.2 125.4 125.6 125.7 125.9 126.1 124.4 124.9 125.4 125.9 125.2

2006 126.3 126.4 126.6 126.8 127.0 127.1 127.4 127.6 127.8 128.1 128.4 128.7 126.4 127.0 127.6 128.4 127.3

2007 129.0 129.2 129.5 129.8 130.0 130.2 130.4 130.5 130.6 130.7 130.7 130.6 129.2 130.0 130.5 130.6 130.1

2008 130.6 130.5 130.4 130.3 130.2 130.2 130.2 130.3 130.3 130.4 130.6 130.7 130.5 130.3 130.3 130.6 130.4

2009 130.8 130.9 131.0 131.1 131.1 131.1 131.0 130.9 130.8 130.6 130.4 130.1 130.9 131.1 130.9 130.4 130.8

2010 129.9 129.6 129.3 129.0 128.8 128.5 128.3 128.1 127.9 127.7 127.6 127.5 129.6 128.8 128.1 127.6 128.5

2011 127.4 127.4 127.4 127.4 127.4 127.5 127.7 127.8 128.0 128.2 128.4 128.7 127.4 127.5 127.8 128.5 127.8

2012 129.0 129.2 129.5 129.8 130.0 130.3 130.6 130.8 131.1 131.3 131.5 131.7 129.2 130.0 130.8 131.5 130.4

2013 131.9 132.0 132.2 132.3 132.4 132.5 132.6 132.6 132.7 132.8 132.8 132.9 132.0 132.4 132.6 132.8 132.5

2014 133.0 133.1 133.2 133.4 133.6 133.8 134.0 134.3 134.6 134.9 135.2 135.6 133.1 133.6 134.3 135.2 134.1

2015 135.9 136.2 136.5 136.8 137.1 137.3 137.5 137.7 137.8 137.9 138.0 138.0 136.2 137.1 137.7 138.0 137.2

2016 138.1 138.1

Utilization (percent)

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

1987 79.0 79.8 79.8 80.2 80.5 80.7 81.1 81.7 81.8 82.8 83.1 83.5 79.6 80.5 81.5 83.1 81.2

1988 83.4 83.7 83.9 84.3 84.2 84.4 84.4 84.7 84.4 84.8 84.8 85.1 83.7 84.3 84.5 84.9 84.3

1989 85.3 84.8 84.8 84.7 84.0 83.8 82.9 83.5 83.0 82.7 82.8 83.1 84.9 84.2 83.1 82.9 83.8

1990 82.4 83.0 83.2 83.0 82.9 83.0 82.8 82.9 82.9 82.1 81.1 80.4 82.9 83.0 82.9 81.2 82.5

1991 80.0 79.3 78.8 78.9 79.6 80.2 80.2 80.2 80.8 80.5 80.3 79.9 79.4 79.6 80.4 80.2 79.9

1992 79.2 79.6 80.2 80.6 80.7 80.5 81.1 80.5 80.5 81.0 81.2 81.1 79.7 80.6 80.7 81.1 80.5

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

1994 82.4 82.2 82.9 83.1 83.3 83.6 83.5 83.7 83.7 84.2 84.4 85.0 82.5 83.3 83.6 84.5 83.5

1995 84.9 84.5 84.3 84.0 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 83.8 83.3 83.4 83.6 83.1 83.4 83.5 82.9 83.6 83.4 83.4 83.3

1997 83.2 83.8 84.0 83.6 83.7 83.6 83.8 84.2 84.4 84.6 84.8 84.5 83.7 83.6 84.1 84.6 84.0

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

1999 81.8 81.9 81.6 81.5 81.8 81.4 81.6 81.6 81.0 81.8 81.9 82.2 81.8 81.6 81.4 82.0 81.7

2000 81.9 81.9 81.9 82.3 82.1 81.9 81.6 81.0 81.1 80.6 80.4 79.9 81.9 82.1 81.2 80.3 81.4

2001 79.1 78.4 77.9 77.5 76.8 76.1 75.5 75.2 74.8 74.3 73.8 73.7 78.5 76.8 75.2 73.9 76.1

2002 74.0 73.9 74.4 74.7 74.9 75.6 75.4 75.4 75.5 75.2 75.6 75.3 74.1 75.0 75.4 75.4 75.0

2003 75.7 76.0 75.9 75.3 75.4 75.5 75.8 75.7 76.2 76.3 76.9 76.9 75.9 75.4 75.9 76.7 76.0

2004 77.1 77.5 77.2 77.5 78.2 77.6 78.2 78.2 78.3 79.0 79.1 79.7 77.3 77.8 78.2 79.3 78.1

2005 80.0 80.4 80.2 80.2 80.3 80.5 80.1 80.2 78.5 79.4 80.1 80.5 80.2 80.3 79.6 80.0 80.0

2006 80.5 80.4 80.5 80.7 80.5 80.6 80.5 80.6 80.3 80.1 79.9 80.5 80.5 80.6 80.5 80.2 80.4

2007 80.0 80.6 80.6 81.0 80.9 80.7 80.6 80.7 80.9 80.5 80.9 80.9 80.4 80.9 80.7 80.8 80.7

2008 80.7 80.5 80.4 79.8 79.5 79.4 78.9 77.7 74.3 74.9 74.0 71.7 80.5 79.5 77.0 73.5 77.7

2009 70.0 69.5 68.3 67.7 67.0 66.7 67.4 68.2 68.8 69.1 69.5 69.8 69.2 67.1 68.1 69.5 68.5

2010 70.8 71.2 71.8 72.2 73.5 73.8 74.3 74.7 75.0 74.9 75.0 75.7 71.2 73.2 74.6 75.2 73.6

2011 75.7 75.4 76.0 75.7 75.8 75.9 76.2 76.5 76.4 76.8 76.5 76.7 75.7 75.8 76.4 76.6 76.1

2012 77.1 77.1 76.4 76.9 76.9 76.8 76.8 76.3 76.3 76.3 76.6 76.7 76.9 76.9 76.5 76.6 76.7

2013 76.6 76.9 76.9 76.8 76.7 76.8 76.4 76.9 77.2 77.1 77.4 77.5 76.8 76.8 76.8 77.3 76.9

2014 77.0 77.6 78.1 78.1 78.4 78.6 78.5 78.3 78.4 78.3 78.9 78.6 77.6 78.4 78.4 78.6 78.2

2015 78.0 77.7 77.3 76.9 76.6 76.4 76.7 76.7 76.4 76.3 75.7 75.4 77.7 76.6 76.6 75.8 76.7

2016 75.8 75.4

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

18
Table 2

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY: 2011–151

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Total IP 2.6 2.3 2.0 3.5 -1.6 -.2 .2 -.3 -1.0 -.8

MARKET GROUPS

Final products and nonindustrial supplies 1.8 1.1 .8 1.8 -1.0 .0 -.1 -.7 -1.2 -.7

Consumer goods .8 -1.5 1.5 .9 .7 .1 -.2 -1.4 -1.0 -.5

Durable 5.2 .4 8.8 3.6 3.9 .0 .4 -.7 -2.3 -1.3

Automotive products 11.6 -1.2 15.1 5.3 6.7 .0 .7 -.4 -1.5 -1.2

Home electronics 15.2 5.6 3.9 .2 -.6 3.1 -1.4 1.4 -3.1 -6.0

Appliances, furniture, carpeting .8 2.4 2.9 2.6 3.1 -.1 .4 -2.7 -5.0 .3

Miscellaneous goods -2.1 1.4 3.2 2.0 .5 .0 .1 -.6 -2.3 -1.7

Nondurable -.3 -1.9 -.4 .1 -.3 .1 -.4 -1.7 -.7 -.3

Non-energy -.1 -3.0 -2.0 1.0 .1 .0 -.5 -1.2 -.8 -.9

Foods and tobacco -1.0 1.2 1.0 -.4 .3 -.1 .2 -.1 -.7 -.7

Clothing -5.6 -7.4 -4.1 -1.3 -4.6 .2 -.6 -2.5 -1.5 -.4

Chemical products 2.3 -9.1 -8.0 5.0 .7 .3 -1.0 -3.1 -1.3 -1.1

Paper products -.2 -8.2 -1.3 -2.8 -3.3 -.9 -3.4 -.7 2.8 -2.0

Energy -1.1 1.3 5.2 -2.8 -2.6 .5 .3 -2.1 -1.1 .7

Business equipment 6.0 7.7 -2.0 4.6 -1.9 -.1 .3 -.5 -2.7 -.5

Transit 8.7 19.6 2.3 10.4 -.4 .0 .1 .8 -1.3 -.3

Information processing 2.1 6.1 -.5 1.9 1.1 -.3 .4 -.3 -1.6 .2

Industrial and other 6.7 4.0 -4.5 3.0 -3.9 -.1 .3 -1.1 -3.9 -1.1

Defense and space equipment -.6 .3 -4.1 -3.2 -4.7 .1 -.3 1.1 -2.5 -2.7

Construction supplies 1.9 3.2 3.6 4.4 1.1 .0 .0 .1 -.8 -1.2

Business supplies .1 1.6 2.3 1.1 .3 -.6 -.1 .1 -.6 -.4

Materials 3.5 3.5 3.3 5.2 -2.3 -.5 .3 .1 -.9 -.7

Non-energy 3.0 2.4 1.7 2.2 -.5 -.4 .6 .1 -1.1 -.9

Durable 6.3 3.4 3.2 3.6 -1.3 -.2 .3 .8 -1.2 -1.0

Consumer parts 8.7 8.8 3.8 4.6 3.3 -.2 .1 -.3 -4.4 -1.5

Equipment parts 10.5 3.1 3.7 5.7 -1.3 -.1 .7 2.9 1.7 -.5

Other 2.7 1.8 2.7 2.0 -3.0 -.1 .1 -.4 -1.8 -1.3

Nondurable -1.7 1.1 -.5 .1 .8 -.7 .9 -1.0 -1.1 -.7

Textile -6.5 -1.0 8.1 -1.2 -.4 -.1 .4 1.4 -2.7 -2.9

Paper -.1 .9 -.9 -.5 -2.6 .1 -.3 .6 1.3 -.7

Chemical -2.6 1.6 -2.3 .0 2.7 -1.4 1.8 -2.3 -2.4 -.3

Energy 4.2 5.1 5.5 9.2 -5.1 -.7 -.1 -.1 -.7 .0

INDUSTRY GROUPS

Manufacturing22.5 1.7 .8 2.0 .0 -.3 .2 -.4 -1.4 -.9

Manufacturing (NAICS) 31–33 2.7 2.2 .9 2.3 .1 -.2 .3 -.5 -1.6 -.8

Durable manufacturing 5.2 4.0 2.5 3.3 -.7 -.2 .4 .4 -1.8 -1.1

Wood products 321 1.0 7.9 4.9 3.0 -.6 -.1 .1 -.4 -1.3 -1.5

Nonmetallic mineral products 327 -.5 4.0 4.5 4.9 4.4 -.1 .1 .9 -.3 -.3

Primary metals 331 6.0 -3.9 4.9 -1.8 -6.9 -.5 .6 -.6 -3.0 -.5

Fabricated metal products 332 4.1 1.7 3.5 1.1 -3.2 -.1 .3 .7 -1.2 -1.5

Machinery 333 9.8 2.7 -5.0 3.9 -4.9 -.2 .4 -1.4 -4.2 -.4

Computer and electronic products 334 6.0 7.7 2.9 5.6 1.5 -.4 1.4 3.4 2.0 .8

Electrical equip., appliances,

and components 335 1.5 2.4 -.4 .8 2.4 -.1 .1 .3 -1.8 -4.3

Motor vehicles and parts 3361–3 11.1 6.8 10.1 6.4 5.1 -.1 .6 -.1 -3.4 -1.0

Aerospace and miscellaneous

transportation equipment 3364–9 6.7 7.5 .9 4.6 -1.6 .3 -.7 2.0 1.7 -2.2

Furniture and related products 337 1.4 6.2 -.8 3.9 3.1 .0 -.1 -3.9 -5.4 .5

Miscellaneous 339 -4.4 .4 3.8 .3 -1.5 -.2 .4 -1.8 -5.5 -2.8

Nondurable manufacturing .0 .2 -.9 1.1 1.1 -.2 .2 -1.6 -1.5 -.5

Food, beverage, and tobacco products 311,2 -1.0 1.2 1.2 -.1 .5 -.1 .2 -.2 -.8 -.8

Textile and product mills 313,4 -4.1 -1.8 6.5 .1 -.5 -.1 .3 1.0 -1.6 -2.1

Apparel and leather 315,6 -5.6 -7.8 -3.7 -1.4 -4.3 .2 -.6 -3.0 -1.8 -.1

Paper 322 1.5 2.2 -1.4 .7 -3.3 .1 -.4 .6 1.6 -1.0

Printing and support 323 -3.6 -.6 2.4 -.6 2.7 .0 .0 -.6 -.8 .3

Petroleum and coal products 324 2.7 -.4 1.7 -2.4 6.5 -.1 .2 -3.9 -2.5 3.5

Chemicals 325 .2 -1.8 -4.6 2.3 1.5 -.6 .4 -2.7 -2.2 -.8

Plastics and rubber products 326 1.3 5.1 -.1 5.7 1.2 -.1 .3 -2.2 -4.1 -1.1

Other manufacturing (non-NAICS) 1133,5111 -2.6 -10.2 .2 -5.3 -3.5 -2.1 -3.8 1.8 3.3 -2.0

Mining 21 7.0 6.4 5.9 12.4 -8.2 -.2 .1 .1 .2 -.1

Utilities 2211,2 -2.4 .0 4.4 -.7 -4.1 -.2 -.1 -.2 .2 -.4

Electric 2211 -1.9 -.6 3.6 -.3 -3.2 -.2 -.2 -.1 .3 -.5

Natural gas 2212 -5.9 4.4 11.0 -3.4 -11.5 -.1 .4 .1 -.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. 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.

19
Table 3

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, SPECIAL AGGREGATES AND SELECTED DETAIL: 2011–151

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Total industry 2.6 2.3 2.0 3.5 -1.6 -.2 .2 -.3 -1.0 -.8

Energy 3.2 3.8 5.1 6.7 -6.0 .0 .2 -.5 .1 -.4

Consumer products -1.1 1.3 5.2 -2.8 -2.6 .5 .3 -2.1 -1.1 .7

Commercial products -.5 1.3 3.7 .7 -.2 -.1 .0 -.9 -.6 .0

Oil and gas well drilling 213111 21.0 -7.8 -1.5 7.1 -59.5 -.1 -.2 -.2 -.2 .0

Converted fuel -1.0 4.8 .9 .5 -2.0 -1.0 .2 .0 -.3 -1.0

Primary energy 6.0 5.2 6.9 12.0 -6.0 -.3 -.1 .0 -.2 .3

Non-energy 2.4 1.7 .8 2.3 -.2 -.3 .2 -.2 -1.3 -1.0

Selected high-technology industries 7.9 11.8 11.5 8.8 .2 -.1 2.0 8.9 7.1 .2

Computers and peripheral equipment 3341 1.7 18.5 .3 2.2 -10.7 1.1 -2.1 1.1 -8.1 -10.0

Communications equipment 3342 4.1 1.6 18.0 -2.6 .5 .4 -1.4 4.4 8.2 .3

Semiconductors and related

electronic components 3344 10.2 13.5 12.2 15.5 2.6 -.1 3.8 12.0 11.4 2.7

Excluding selected high-technology

industries 2.1 1.2 .4 2.0 -.2 -.2 .1 -.6 -1.6 -1.0

Motor vehicles and parts 3361–3 11.1 6.8 10.1 6.4 5.1 -.1 .6 -.1 -3.4 -1.0

Motor vehicles 3361 13.0 2.3 13.8 3.4 3.2 -.2 1.1 -.8 -4.7 -1.5

Motor vehicle parts 3363 9.2 10.6 5.4 8.9 6.4 .1 .1 .1 -2.7 -.3

Excluding motor vehicles and parts 1.6 .8 -.3 1.7 -.6 -.2 .1 -.6 -1.5 -1.0

Consumer goods -.1 -2.5 -1.2 1.2 .3 -.1 -.4 -1.2 -1.2 -1.0

Business equipment 6.9 7.2 -3.1 4.9 -1.9 -.1 .4 -.7 -2.4 -.3

Construction supplies 1.9 3.2 3.5 4.5 1.1 .0 .0 .1 -.8 -1.2

Business supplies -.8 .5 .9 .1 .2 -.7 -.4 -.2 -1.4 -1.0

Materials 1.9 1.0 .9 1.3 -1.1 -.4 .5 -.6 -1.4 -1.1

Measures excluding selected high-technology

industries

Total industry 2.4 1.9 1.8 3.3 -1.7 -.2 .1 -.6 -1.2 -.8

Manufacturing2

2.2 1.3 .4 1.8 .0 -.2 .1 -.8 -1.7 -.9

Durable 5.0 3.3 1.8 2.9 -.8 -.1 .3 -.2 -2.4 -1.2

Measures excluding motor vehicles and parts

Total industry 2.2 2.0 1.6 3.3 -2.0 -.2 .1 -.3 -.9 -.8

Manufacturing2

1.9 1.4 .2 1.7 -.4 -.3 .1 -.5 -1.3 -.9

Durable 4.5 3.6 1.4 2.8 -1.6 -.2 .3 .5 -1.5 -1.1

Measures excluding selected high-technology

industries and motor vehicles and parts

Total industry 2.0 1.7 1.4 3.2 -2.0 -.2 .1 -.6 -1.1 -.8

Manufacturing2

1.6 .9 -.2 1.4 -.4 -.3 .1 -.9 -1.6 -.9

Stage-of-process components

of non-energy materials,

measures of the input to

Finished processors 7.3 3.9 3.0 4.0 -.2 -.1 .4 1.6 -.2 -.9

Primary and semifinished processors .3 1.5 .9 1.1 -.7 -.5 .7 -.9 -1.7 -1.0

STAGE-OF-PROCESS GROUPS

Crude 4.3 6.2 4.5 8.9 -3.4 -.6 .6 -.2 -.1 -.1

Primary and semifinished 1.4 1.4 3.3 1.9 -1.0 -.2 .0 .2 -.4 -.8

Finished 3.2 1.2 -1.1 2.2 -1.4 .0 .0 -1.0 -2.3 -1.0

1. See footnote 1 to table 2.

2. See footnote 2 to table 2.

20
Table 4

ANNUAL RATES OF CHANGE FOR INDUSTRIAL PRODUCTION: 2011–151

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Total IP 2.9 2.8 1.9 2.9 .3 -.1 -.1 .0 -.8 -1.0

MARKET GROUPS

Consumer goods 1.2 -1.4 .7 .7 1.4 .0 .0 -.8 -1.5 -.6

Durable 4.6 2.1 5.7 4.6 3.9 .1 .1 .2 -2.4 -1.3

Nondurable .4 -2.2 -.6 -.4 .7 .0 -.1 -1.1 -1.3 -.5

Business equipment 5.3 9.9 -.2 2.4 .7 .0 .0 .3 -2.4 -1.0

Defense and space equipment -2.9 1.9 -2.9 -2.8 -5.6 -.1 .1 .1 .4 -4.7

Construction supplies 2.4 4.3 3.0 3.7 1.4 .0 .0 .1 -.2 -1.2

Business supplies 1.0 1.1 1.8 1.5 .3 -.4 -.4 .3 -.3 -.7

Materials 4.0 4.0 3.3 4.7 .6 -.2 -.2 .2 -.5 -1.0

Non-energy 4.6 2.8 1.8 1.9 .4 -.1 .0 .5 -.6 -1.2

Energy 3.1 5.7 5.4 8.2 .6 -.3 -.6 -.3 -.4 -.5

INDUSTRY GROUPS

Manufacturing22.9 2.6 .9 1.3 .8 -.1 -.1 .0 -1.2 -1.1

Manufacturing (NAICS) 3.2 2.9 1.1 1.3 1.1 -.1 .0 .0 -1.5 -1.1

Durable manufacturing 6.1 5.5 2.1 3.0 .5 -.1 .0 .8 -1.0 -1.5

Nondurable manufacturing .1 .1 .0 -.6 1.7 .0 .0 -.8 -2.0 -.6

Other manufacturing (non-NAICS) -4.7 -5.9 -5.0 -.6 -6.3 -2.0 -3.2 -1.7 5.0 -1.6

Mining 5.6 7.4 6.5 11.0 -1.7 .0 -.1 -.1 .2 -.5

Utilities -.3 -2.3 2.3 1.3 -.7 -.2 -.2 -.1 .3 -.6

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.

Table 5

RATES OF CHANGE IN CAPACITY, BY INDUSTRY GROUPS: 2012–161

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Total industry 2.4 1.0 1.8 2.0 .5 .0 -.6 -.3 .5 -.1

Manufacturing21.8 .4 .2 .8 .9 -.1 -.7 -.6 -.4 -.3

Manufacturing (NAICS) 2.1 .6 .4 1.0 .9 .0 -.6 -.5 -.3 -.3

Durable manufacturing 2.4 1.9 .3 .6 1.3 .2 .0 -1.3 -1.3 -.6

Nondurable manufacturing 1.7 -.7 .5 1.6 .5 -.1 -1.3 .5 .8 .0

Other manufacturing (non-NAICS) -3.4 -5.2 -5.5 -4.9 -.2 -3.5 -4.0 -3.2 -2.7 .3

Mining 5.9 6.7 8.3 5.6 -3.4 .1 .2 -1.0 1.4 -.2

Utilities 1.1 .0 .9 .7 .8 .0 -.3 -.2 -.1 .0

Selected high-technology industries 14.4 15.4 .2 -.4 9.1 .7 15.8 -.8 -6.3 5.5

Manufacturing2ex. selected

high-technology industries 1.3 -.1 .2 .9 .5 -.1 -1.4 -.5 -.1 -.4

STAGE-OF-PROCESS GROUPS

Crude 6.3 4.9 6.5 4.8 -2.8 .0 .5 -.4 1.5 -.3

Primary and semifinished 1.4 .7 .1 .6 1.1 -.4 .0 -.4 -.4 .0

Finished 1.6 -.2 .5 1.2 .9 .4 -1.8 -.8 -.3 -.3

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

heading.

2. See footnote 2 to table 2.

21
Table 6

REVISED AND EARLIER CAPACITY UTILIZATION RATES, BY INDUSTRY GROUPS

Percent of capacity, seasonally adjusted

Difference between

Revised Rate revised and earlier rates

(percentage points)

1972-

Item 2015 2012 2013 2014 2015 2012 2013 2014 2015

Ave. Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4

Total industry 80.0 76.6 77.3 78.6 75.8 .1 .3 -.2 -1.2

Manufacturing178.5 74.3 74.6 76.0 75.4 .2 .4 -.2 -.6

Manufacturing (NAICS) 31–33 78.4 74.8 75.0 76.4 75.7 .2 .3 -.6 -1.0

Durable manufacturing 76.9 74.3 74.8 77.0 76.1 .1 .4 .1 .3

Wood products 321 76.4 69.5 71.8 71.4 67.8 3.2 1.6 -.5 -3.1

Nonmetallic mineral products 327 74.0 57.2 60.8 63.9 66.4 1.4 1.8 1.4 .8

Primary metals 331 78.8 75.3 75.0 75.4 70.4 -.8 -1.0 -2.5 -1.4

Fabricated metal products 332 77.6 77.5 80.6 81.6 79.4 .2 1.1 .1 -1.0

Machinery 333 77.7 78.5 74.2 75.9 72.1 -.7 .3 -2.1 -1.5

Computer and electronic products 334 77.6 73.4 70.2 73.2 73.2 .2 -2.8 -.9 2.3

Electrical equip., appliances,

and components 335 82.6 81.5 82.6 82.9 84.8 -.2 1.5 -.1 -4.1

Motor vehicles and parts 3361–3 74.9 69.4 73.5 77.9 80.9 .0 .6 1.4 2.4

Aerospace and miscellaneous

transportation equipment 3364–9 74.0 78.4 79.0 83.1 81.9 -.2 2.5 4.8 3.4

Furniture and related products 337 76.5 71.9 72.6 75.9 77.9 2.1 .4 -3.0 -3.0

Miscellaneous 339 76.4 75.8 78.8 79.1 77.1 -.2 1.5 .2 -.3

Nondurable manufacturing 80.3 75.3 75.2 75.6 75.3 .3 .1 -1.4 -2.4

Food, beverage, and tobacco products 311,2 80.8 78.5 79.1 77.5 76.0 .3 .2 -1.5 -3.4

Textile and product mills 313,4 79.3 67.2 72.3 72.5 71.7 1.1 1.2 -.7 -2.8

Apparel and leather 315,6 76.8 67.5 66.4 66.1 63.5 4.5 2.5 .4 -.9

Paper 322 86.6 83.5 82.5 84.4 82.2 -.1 -.1 .9 .2

Printing and support 323 79.7 61.4 63.0 63.7 65.6 -.6 -.2 .4 1.9

Petroleum and coal products 324 85.4 83.0 83.9 81.7 80.4 2.0 1.6 -1.7 -4.5

Chemicals 325 77.1 71.1 69.5 72.0 73.2 -.4 -.6 -1.7 -1.6

Plastics and rubber products 326 82.0 77.9 77.9 81.0 80.0 1.9 1.9 .3 -1.9

Other manufacturing (non-NAICS) 1133,5111 81.0 61.6 65.1 65.3 66.2 -1.1 2.6 6.8 7.3

Mining 21 87.3 88.2 87.6 90.9 79.0 -.6 -.8 .2 -1.1

Utilities 2211,2 85.8 78.3 81.8 80.4 76.6 .0 .0 .4 .2

Selected high-technology industries 77.5 69.9 67.5 73.3 73.7 .5 -4.0 1.3 5.7

Computers and peripheral equipment 3341 77.6 64.9 64.0 69.9 66.9 -2.1 -.1 3.5 4.7

Communications equipment 3342 76.6 76.3 80.4 72.9 67.7 .1 -5.5 -1.3 -2.7

Semiconductors and related

electronic components 3344 78.9 69.1 63.9 74.3 77.9 1.0 -5.3 1.4 9.2

Measures excluding selected high-technology

industries

Total industry 80.1 76.8 77.6 78.7 75.9 .0 .4 -.3 -1.5

Manufacturing178.5 74.5 74.9 76.1 75.4 .2 .6 -.3 -.9

STAGE-OF-PROCESS GROUPS

Crude 86.3 86.1 85.5 87.7 78.7 -.1 -.8 -.5 -1.7

Primary and semifinished 80.6 74.2 75.9 77.1 75.8 .4 .5 .2 .0

Finished 77.0 74.7 74.5 75.8 75.0 -.3 .4 -.4 -1.0

1. See footnote 2 to table 2.

22
Table 7

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, 2011 H1–2015 H2

NAICS 2011 2012 2013 2014 2015

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

Total IP 1.5 3.8 3.1 1.4 2.0 2.1 3.8 3.1 -2.3 -.9

MARKET GROUPS

Final products and nonindustrial supplies .9 2.8 2.4 -.2 1.0 .7 1.8 1.8 -2.0 .0

Consumer goods 1.5 .1 -2.0 -.9 2.0 1.0 .4 1.3 .7 .6

Durable 3.7 6.8 1.7 -.8 10.6 7.0 2.7 4.5 2.5 5.3

Automotive products 6.9 16.6 -.8 -1.5 18.6 11.7 3.5 7.2 6.7 6.7

Home electronics 16.1 14.3 9.1 2.3 7.5 .3 -1.1 1.6 -1.3 .2

Appliances, furniture, carpeting .6 1.0 5.3 -.3 4.8 1.0 .8 4.4 .2 6.1

Miscellaneous goods -.6 -3.7 3.2 -.4 2.9 3.6 2.9 1.0 -2.1 3.2

Nondurable .9 -1.5 -3.0 -.9 -.2 -.6 -.3 .4 .1 -.8

Non-energy .7 -.9 -2.9 -3.0 -2.4 -1.7 1.4 .6 -.1 .2

Foods and tobacco -.8 -1.3 .1 2.3 1.7 .2 -.2 -.6 .1 .4

Clothing -5.0 -6.2 -1.6 -12.9 -9.7 1.9 -4.0 1.4 -4.3 -4.9

Chemical products 5.7 -.9 -7.2 -10.9 -9.1 -6.8 5.2 4.7 1.3 .1

Paper products -5.9 5.8 -8.2 -8.2 -5.4 3.1 1.2 -6.6 -4.9 -1.7

Energy 1.4 -3.6 -3.3 6.1 7.0 3.4 -5.6 .0 .6 -5.7

Business equipment .8 11.4 13.5 2.2 -2.5 -1.5 5.1 4.0 -1.2 -2.6

Transit -5.7 25.2 26.8 12.8 1.8 2.8 13.1 7.8 2.6 -3.4

Information processing -2.5 7.0 10.7 1.7 -1.6 .6 -1.1 4.9 2.2 .0

Industrial and other 4.8 8.5 9.9 -1.7 -4.6 -4.3 4.2 1.8 -4.5 -3.3

Defense and space equipment -6.0 5.1 -1.1 1.8 -5.2 -2.9 -1.5 -4.9 -8.4 -.9

Construction supplies .0 3.9 6.7 -.2 3.9 3.3 4.2 4.6 -1.5 3.7

Business supplies .3 -.2 3.3 .0 2.5 2.1 .9 1.3 -.5 1.0

Materials 2.1 4.9 3.8 3.3 3.1 3.6 6.0 4.5 -2.6 -2.0

Non-energy 2.8 3.1 3.0 1.9 1.6 1.8 2.1 2.3 -1.2 .2

Durable 7.1 5.6 5.8 1.0 2.2 4.2 4.7 2.6 -2.4 -.2

Consumer parts 2.2 15.5 14.5 3.3 3.2 4.3 4.1 5.1 3.0 3.5

Equipment parts 12.1 8.9 8.9 -2.4 2.0 5.5 6.1 5.4 -2.3 -.4

Other 5.1 .3 1.0 2.6 1.9 3.4 4.0 .1 -4.4 -1.5

Nondurable -3.0 -.3 -1.0 3.2 .8 -1.8 -1.7 1.9 .9 .7

Textile -4.4 -8.7 -.2 -1.7 9.3 6.9 -5.4 3.1 -1.2 .3

Paper -1.3 1.1 2.0 -.3 .8 -2.5 -.5 -.5 -1.8 -3.5

Chemical -4.3 -.9 -2.5 5.9 -.6 -3.9 -2.7 2.8 2.8 2.6

Energy 1.1 7.4 4.9 5.4 5.1 5.8 11.0 7.5 -4.5 -5.6

INDUSTRY GROUPS

Manufacturing11.2 3.7 3.0 .5 1.1 .6 1.9 2.1 -.5 .6

Manufacturing (NAICS) 31–33 1.5 3.8 3.5 .9 1.3 .4 2.0 2.6 -.4 .7

Durable manufacturing 3.4 7.1 7.2 .9 2.2 2.7 3.8 2.9 -1.7 .4

Wood products 321 -.2 2.1 11.2 4.7 3.5 6.4 1.6 4.3 -6.1 5.3

Nonmetallic mineral products 327 -.2 -.8 4.8 3.2 6.4 2.6 6.3 3.6 .9 8.1

Primary metals 331 9.0 3.1 -6.4 -1.4 7.3 2.5 .1 -3.7 -9.5 -4.2

Fabricated metal products 332 5.5 2.7 3.9 -.5 1.9 5.2 1.7 .6 -2.5 -3.9

Machinery 333 7.1 12.6 12.6 -6.4 -6.1 -3.9 3.8 4.0 -5.3 -4.5

Computer and electronic products 334 5.4 6.6 11.4 4.2 .8 5.1 6.0 5.1 .5 2.6

Selected high-technology industries 10.2 5.6 14.6 9.1 8.8 14.2 11.5 6.1 -1.5 1.9

Computers and peripheral equipment 3341 -13.5 19.7 43.2 -2.0 -5.7 6.6 -3.5 8.2 -.5 -20.0

Communications equipment 3342 11.4 -2.7 -8.0 12.3 25.8 10.7 -7.4 2.5 .8 .3

Semiconductors and related

electronic components 3344 14.9 5.7 16.3 10.8 7.0 17.6 24.8 6.9 -2.5 7.9

Electrical equip., appliances,

and components 335 .5 2.4 3.8 .9 -1.8 1.0 2.7 -1.1 1.8 3.1

Motor vehicles and parts 3361–3 2.5 20.4 11.9 2.0 11.0 9.3 6.2 6.5 5.7 4.5

Aerospace and miscellaneous

transportation equipment 3364–9 -2.0 16.1 7.5 7.5 1.5 .3 6.4 2.9 -2.3 -.9

Furniture and related products 337 3.5 -.7 11.3 1.4 3.8 -5.2 1.3 6.5 -.7 7.1

Miscellaneous 339 -1.4 -7.2 .3 .6 4.9 2.7 -.1 .6 -4.9 2.0

Nondurable manufacturing -.5 .4 -.4 .8 .3 -2.1 -.1 2.3 1.2 .9

Food, beverage, and tobacco products 311,2 -.9 -1.2 .1 2.4 2.0 .5 -.4 .2 .3 .8

Textile and product mills 313,4 -.7 -7.4 -2.2 -1.4 6.9 6.1 -2.3 2.6 -1.7 .7

Apparel and leather 315,6 -4.6 -6.6 -3.0 -12.3 -8.8 1.6 -3.9 1.1 -3.5 -5.2

Paper 322 -.7 3.7 3.4 1.1 .5 -3.2 1.1 .4 -2.7 -3.8

Printing and support 323 -2.8 -4.3 2.4 -3.4 3.0 1.8 -2.5 1.3 2.1 3.3

Petroleum and coal products 324 .9 4.7 -4.2 3.7 6.6 -3.0 -5.4 .7 8.9 4.2

Chemicals 325 -.1 .4 -2.3 -1.3 -4.0 -5.2 .4 4.3 1.7 1.2

Plastics and rubber products 326 .2 2.4 6.9 3.3 .6 -.8 6.1 5.3 .5 1.9

Other manufacturing (non-NAICS) 1133,5111 -7.0 2.0 -9.3 -11.1 -4.5 5.1 .7 -11.0 -4.0 -3.1

Mining 21 5.0 8.9 4.4 8.4 5.3 6.6 17.0 8.1 -10.1 -6.2

Utilities 2211,2 -1.9 -2.9 1.6 -1.5 3.3 5.5 -4.0 2.7 -2.9 -5.2

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

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

1. See footnote 2 to table 2.

23
Table 8

CAPACITY UTILIZATION RATES, BY INDUSTRY GROUPS, 2011 Q2–2015 Q4

Percent of capacity, seasonally adjusted

NAICS 2011 2012 2013 2014 2015

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

Total industry 75.8 76.6 76.9 76.6 76.8 77.3 78.4 78.6 76.6 75.8

Manufacturing173.3 74.4 74.8 74.3 74.4 74.6 75.4 76.0 75.5 75.4

Manufacturing (NAICS) 31–33 73.6 74.7 75.2 74.8 74.9 75.0 75.7 76.4 75.8 75.7

Durable manufacturing 71.5 73.2 74.9 74.3 74.3 74.8 76.0 77.0 76.2 76.1

Wood products 321 60.3 62.8 67.6 69.5 70.3 71.8 71.2 71.4 67.6 67.8

Nonmetallic mineral products 327 53.7 54.4 56.1 57.2 59.6 60.8 62.9 63.9 64.1 66.4

Primary metals 331 74.2 76.0 75.2 75.3 76.1 75.0 75.4 75.4 72.2 70.4

Fabricated metal products 332 77.7 78.3 78.6 77.5 78.2 80.6 81.4 81.6 80.7 79.4

Machinery 333 74.6 77.5 81.2 78.5 76.1 74.2 74.9 75.9 73.8 72.1

Computer and electronic products 334 75.8 73.7 74.6 73.4 70.7 70.2 71.4 73.2 73.3 73.2

Selected high-technology industries 77.3 71.5 71.4 69.9 67.2 67.5 70.1 73.3 73.8 73.7

Computers and peripheral equipment 3341 78.6 74.1 74.6 64.9 60.6 64.0 65.2 69.9 72.1 66.9

Communications equipment 3342 81.5 78.6 74.2 76.3 81.0 80.4 74.3 72.9 70.4 67.7

Semiconductors and related

electronic components 3344 76.0 69.3 70.1 69.1 64.3 63.9 69.7 74.3 75.7 77.9

Electrical equip., appliances,

and components 335 79.5 80.7 81.6 81.5 81.5 82.6 83.7 82.9 83.5 84.8

Motor vehicles and parts 3361–3 61.1 66.9 70.1 69.4 71.4 73.5 75.5 77.9 79.8 80.9

Aerospace and miscellaneous

transportation equipment 3364–9 70.1 74.6 76.5 78.4 78.6 79.0 81.9 83.1 82.1 81.9

Furniture and related products 337 66.1 67.2 71.3 71.9 73.8 72.6 73.5 75.9 75.5 77.9

Miscellaneous 339 78.5 76.3 76.1 75.8 77.5 78.8 79.0 79.1 76.8 77.1

Nondurable manufacturing 76.0 76.4 75.6 75.3 75.5 75.2 75.3 75.6 75.4 75.3

Food, beverage, and tobacco products 311,2 78.3 78.6 78.3 78.5 79.0 79.1 78.4 77.5 76.6 76.0

Textile and product mills 313,4 66.8 65.9 66.6 67.2 70.0 72.3 71.5 72.5 71.7 71.7

Apparel and leather 315,6 70.3 69.5 70.3 67.5 65.5 66.4 65.5 66.1 65.1 63.5

Paper 322 80.6 81.8 83.0 83.5 83.6 82.5 83.6 84.4 83.6 82.2

Printing and support 323 64.0 62.0 62.5 61.4 62.3 63.0 62.7 63.7 64.5 65.6

Petroleum and coal products 324 84.1 85.5 82.6 83.0 84.8 83.9 82.6 81.7 81.7 80.4

Chemicals 325 74.3 74.7 72.6 71.1 70.0 69.5 70.5 72.0 72.5 73.2

Plastics and rubber products 326 71.8 72.8 75.9 77.9 78.5 77.9 79.7 81.0 80.3 80.0

Other manufacturing (non-NAICS) 1133,5111 64.6 66.3 64.1 61.6 61.8 65.1 67.2 65.3 65.9 66.2

Mining 21 86.4 87.8 87.2 88.2 87.5 87.6 91.6 90.9 82.6 79.0

Utilities 2211,2 81.1 79.2 79.2 78.3 79.6 81.8 79.8 80.4 78.9 76.6

1. See footnote 2 to table 2.

24
Table 9A

INDUSTRIAL PRODUCTION: Manufacturing1

Seasonally adjusted

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

IP (percent

change)

1986 1.1 -.5 -.3 .4 .2 -.3 .5 .3 .2 .4 .5 .8 4.6 .0 2.3 5.0 2.2

1987 -.3 1.5 .1 .6 .7 .3 .8 .6 .6 1.5 .6 .6 5.9 7.0 7.6 11.5 5.7

1988 -.2 .3 .3 .8 -.2 .2 .0 .0 .4 .5 .2 .5 2.8 4.4 .8 4.5 5.4

1989 .8 -1.0 -.1 .3 -.9 .2 -1.1 .8 -.3 -.2 .2 .1 2.1 -2.8 -3.2 .4 .8

1990 -.2 1.5 .5 -.2 .1 .3 -.1 .3 .0 -.8 -1.1 -.7 4.3 3.1 1.1 -6.7 .8

1991 -.8 -.7 -.7 .3 .7 1.1 .3 .2 1.1 -.2 -.2 -.2 -8.8 1.8 7.2 1.6 -1.9

1992 -.6 .9 1.0 .5 .6 .3 .9 -.4 .1 .6 .4 -.1 .5 8.4 4.1 3.2 3.7

1993 1.0 .2 -.2 .5 -.1 -.2 .3 -.2 .7 .8 .4 .6 4.5 1.4 .8 6.9 3.5

1994 .2 .1 1.3 .8 .7 .3 .4 .8 .5 1.0 .8 1.1 4.8 9.4 6.1 10.2 5.8

1995 .2 -.2 .2 -.1 .1 .5 -.6 1.1 .9 .0 .1 .4 4.4 .8 3.0 4.5 5.1

1996 -.8 1.6 -.2 1.1 .8 1.0 .2 .5 .8 -.2 .9 .9 2.0 10.0 7.5 5.8 4.9

1997 .1 1.4 1.1 -.2 .8 .7 .7 1.3 .9 .9 1.1 .4 9.3 7.3 10.6 11.4 8.4

1998 .8 .1 -.1 .5 .5 -.8 -.4 2.4 -.2 1.0 .2 .6 6.0 2.1 3.3 8.1 6.6

1999 .3 .8 -.1 .4 .9 -.3 .4 .6 -.4 1.5 .6 .7 5.2 4.6 3.3 8.6 5.1

2000 .1 .2 .6 .7 -.1 .2 .1 -.7 .4 -.3 -.3 -.6 4.4 4.9 -.4 -2.3 4.1

2001 -.6 -.6 -.3 -.2 -.7 -.7 -.4 -.5 -.2 -.6 -.3 .3 -6.0 -5.2 -5.9 -3.9 -3.7

2002 .5 .0 .8 .2 .5 1.1 -.4 .2 .1 -.4 .4 -.5 3.6 5.9 3.1 -.4 .4

2003 .5 .1 .1 -.8 .1 .5 .2 -.4 .8 .1 1.0 -.2 1.7 -1.9 2.2 4.6 1.3

2004 -.1 .7 -.2 .4 .8 -.7 .9 .5 .0 1.0 -.1 .7 2.4 3.4 4.0 5.4 3.1

2005 .8 .8 -.5 .3 .4 .2 -.4 .4 -1.0 1.5 .8 .1 6.4 2.3 -.8 6.3 4.0

2006 .8 -.3 -.1 .6 -.5 .3 -.3 .6 .1 -.3 .1 1.5 3.8 .8 .8 1.8 2.5

2007 -.5 .4 .8 .7 -.1 .3 .1 -.3 .4 -.4 .5 .1 4.2 5.8 .7 .4 2.7

2008 -.4 -.6 -.3 -1.1 -.5 -.5 -1.2 -1.2 -3.4 -.6 -2.3 -3.4 -2.9 -7.8 -13.5 -21.5 -4.8

2009 -3.0 -.2 -1.9 -.8 -1.1 -.4 1.4 1.1 .8 .2 .9 -.2 -24.3 -11.5 7.4 6.9 -13.8

2010 1.1 -.1 1.2 .9 1.5 .0 .6 .2 .1 .1 .0 .4 6.7 10.8 5.0 1.5 5.8

2011 .2 .1 .5 -.6 .1 .1 .6 .3 .3 .6 -.4 .6 2.9 -.5 4.0 3.4 2.9

2012 1.0 .4 -.6 .7 -.4 .2 -.1 -.2 .0 -.3 .7 .7 5.3 .8 -.8 1.7 2.6

2013 -.3 .5 -.3 -.3 .2 .2 -1.0 .9 .1 .1 -.1 .0 2.8 -.6 -.4 1.6 .9

2014 -1.1 1.1 .7 .1 .2 .4 .4 -.4 .1 .0 .9 -.2 -.8 4.7 2.2 2.0 1.3

2015 -.4 -.4 .2 .2 .0 -.2 .7 -.1 -.2 .2 -.3 .0 -1.6 .6 1.7 -.6 .8

2016 .4 .1

IP (2012=100)

1986 56.0 55.7 55.6 55.8 55.9 55.7 55.9 56.1 56.2 56.4 56.7 57.2 55.8 55.8 56.1 56.8 56.1

1987 57.0 57.9 57.9 58.3 58.7 58.9 59.3 59.7 60.0 61.0 61.3 61.7 57.6 58.6 59.7 61.3 59.3

1988 61.6 61.7 61.9 62.4 62.3 62.4 62.4 62.5 62.7 63.0 63.2 63.5 61.7 62.4 62.5 63.2 62.5

1989 64.0 63.4 63.3 63.4 62.9 63.0 62.3 62.8 62.6 62.6 62.7 62.7 63.5 63.1 62.6 62.7 63.0

1990 62.6 63.5 63.8 63.7 63.8 64.0 63.9 64.1 64.0 63.5 62.8 62.3 63.3 63.8 64.0 62.9 63.5

1991 61.9 61.5 61.0 61.2 61.7 62.3 62.5 62.6 63.3 63.2 63.1 63.0 61.5 61.7 62.8 63.1 62.3

1992 62.6 63.1 63.8 64.1 64.5 64.7 65.3 65.0 65.0 65.4 65.7 65.6 63.2 64.4 65.1 65.6 64.6

1993 66.3 66.4 66.3 66.6 66.6 66.5 66.6 66.5 66.9 67.5 67.8 68.2 66.3 66.6 66.7 67.8 66.8

1994 68.3 68.3 69.2 69.8 70.3 70.4 70.7 71.3 71.6 72.3 72.9 73.7 68.6 70.2 71.2 73.0 70.7

1995 73.8 73.6 73.8 73.7 73.8 74.2 73.7 74.5 75.2 75.1 75.2 75.5 73.8 73.9 74.5 75.3 74.4

1996 74.9 76.1 76.0 76.8 77.4 78.2 78.4 78.8 79.5 79.3 80.0 80.7 75.7 77.5 78.9 80.0 78.0

1997 80.8 81.9 82.8 82.6 83.3 83.9 84.4 85.5 86.3 87.0 87.9 88.3 81.8 83.3 85.4 87.7 84.6

1998 89.0 89.1 89.0 89.4 89.9 89.2 88.8 91.0 90.8 91.7 91.9 92.4 89.0 89.5 90.2 92.0 90.2

1999 92.7 93.4 93.4 93.7 94.6 94.3 94.7 95.3 94.9 96.3 96.9 97.6 93.1 94.2 95.0 96.9 94.8

2000 97.7 97.8 98.5 99.2 99.1 99.3 99.4 98.7 99.1 98.8 98.6 98.0 98.0 99.2 99.1 98.5 98.7

2001 97.5 96.8 96.6 96.4 95.6 95.0 94.6 94.1 93.9 93.4 93.1 93.4 97.0 95.7 94.2 93.3 95.0

2002 93.9 93.9 94.6 94.8 95.3 96.3 96.0 96.2 96.3 96.0 96.4 95.9 94.1 95.5 96.2 96.1 95.5

2003 96.4 96.5 96.6 95.8 95.9 96.4 96.6 96.1 96.9 97.0 98.1 97.9 96.5 96.0 96.6 97.7 96.7

2004 97.8 98.5 98.4 98.8 99.6 98.9 99.7 100.2 100.2 101.2 101.1 101.8 98.2 99.1 100.0 101.4 99.7

2005 102.6 103.4 102.9 103.2 103.6 103.8 103.4 103.8 102.8 104.3 105.1 105.3 102.9 103.5 103.3 104.9 103.7

2006 106.1 105.8 105.8 106.3 105.8 106.2 105.9 106.5 106.6 106.2 106.3 107.9 105.9 106.1 106.3 106.8 106.3

2007 107.3 107.7 108.6 109.4 109.3 109.6 109.7 109.4 109.8 109.4 109.9 110.0 107.9 109.4 109.6 109.8 109.2

2008 109.5 108.9 108.5 107.3 106.8 106.2 105.0 103.8 100.2 99.6 97.3 93.9 109.0 106.8 103.0 97.0 103.9

2009 91.1 90.9 89.2 88.5 87.5 87.2 88.4 89.4 90.1 90.3 91.2 91.0 90.4 87.7 89.3 90.8 89.6

2010 92.0 91.9 93.0 93.8 95.2 95.1 95.7 95.9 96.0 96.1 96.1 96.4 92.3 94.7 95.8 96.2 94.8

2011 96.7 96.7 97.3 96.7 96.8 96.9 97.4 97.7 98.1 98.6 98.2 98.9 96.9 96.8 97.7 98.6 97.5

2012 99.8 100.2 99.6 100.2 99.8 100.0 100.0 99.8 99.8 99.5 100.3 101.0 99.8 100.0 99.8 100.3 100.0

2013 100.7 101.2 100.9 100.6 100.8 101.0 100.1 101.0 101.1 101.2 101.1 101.1 101.0 100.8 100.7 101.1 100.9

2014 100.0 101.0 101.7 101.8 102.0 102.4 102.8 102.4 102.6 102.6 103.5 103.3 100.9 102.1 102.6 103.1 102.2

2015 103.0 102.5 102.7 102.9 103.0 102.8 103.5 103.4 103.1 103.4 103.1 103.1 102.7 102.9 103.3 103.2 103.0

2016 103.5 103.6

NOTE: Estimates from October 2015 through February 2016 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.

25
Table 9B

CAPACITY AND UTILIZATION: Manufacturing1

Seasonally adjusted

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

Capacity

(percent of

2012 output)

1986 71.2 71.2 71.3 71.3 71.4 71.5 71.5 71.6 71.7 71.8 72.0 72.1 71.2 71.4 71.6 72.0 71.6

1987 72.3 72.4 72.6 72.8 73.0 73.2 73.4 73.5 73.7 73.8 73.9 74.0 72.4 73.0 73.5 73.9 73.2

1988 74.1 74.2 74.2 74.2 74.3 74.3 74.3 74.4 74.4 74.5 74.5 74.6 74.2 74.3 74.4 74.5 74.3

1989 74.7 74.8 75.0 75.1 75.3 75.4 75.6 75.8 76.0 76.2 76.4 76.6 74.8 75.3 75.8 76.4 75.6

1990 76.8 77.0 77.2 77.4 77.6 77.7 77.9 78.1 78.2 78.3 78.5 78.6 77.0 77.6 78.1 78.5 77.8

1991 78.7 78.8 78.9 79.0 79.1 79.2 79.3 79.4 79.5 79.6 79.8 79.9 78.8 79.1 79.4 79.8 79.3

1992 80.1 80.3 80.5 80.7 80.9 81.1 81.3 81.5 81.7 81.9 82.0 82.2 80.3 80.9 81.5 82.0 81.2

1993 82.4 82.5 82.7 82.8 82.9 83.0 83.1 83.3 83.4 83.6 83.7 83.9 82.5 82.9 83.3 83.7 83.1

1994 84.1 84.3 84.5 84.7 85.0 85.3 85.6 85.8 86.1 86.5 86.8 87.1 84.3 85.0 85.8 86.8 85.5

1995 87.4 87.8 88.1 88.4 88.8 89.2 89.6 90.0 90.4 90.8 91.3 91.7 87.8 88.8 90.0 91.3 89.4

1996 92.2 92.7 93.2 93.7 94.2 94.7 95.3 95.8 96.3 96.8 97.4 97.9 92.7 94.2 95.8 97.4 95.0

1997 98.5 99.0 99.6 100.2 100.8 101.4 102.1 102.8 103.5 104.2 105.0 105.8 99.0 100.8 102.8 105.0 101.9

1998 106.6 107.4 108.2 109.0 109.7 110.5 111.2 111.9 112.6 113.2 113.8 114.4 107.4 109.7 111.9 113.8 110.7

1999 115.0 115.6 116.1 116.7 117.2 117.7 118.2 118.7 119.2 119.7 120.2 120.7 115.6 117.2 118.7 120.2 117.9

2000 121.2 121.7 122.2 122.7 123.2 123.7 124.2 124.7 125.2 125.6 126.1 126.6 121.7 123.2 124.7 126.1 123.9

2001 127.0 127.4 127.9 128.2 128.6 128.9 129.2 129.5 129.7 129.9 130.1 130.3 127.4 128.6 129.5 130.1 128.9

2002 130.4 130.5 130.6 130.6 130.7 130.7 130.7 130.7 130.8 130.8 130.8 130.8 130.5 130.7 130.7 130.8 130.7

2003 130.8 130.8 130.8 130.7 130.7 130.7 130.7 130.7 130.7 130.6 130.6 130.6 130.8 130.7 130.7 130.6 130.7

2004 130.5 130.5 130.4 130.4 130.3 130.3 130.3 130.3 130.4 130.5 130.6 130.7 130.5 130.3 130.3 130.6 130.4

2005 130.9 131.1 131.3 131.6 131.9 132.1 132.4 132.7 133.0 133.3 133.5 133.7 131.1 131.9 132.7 133.5 132.3

2006 134.0 134.2 134.4 134.6 134.8 135.0 135.2 135.4 135.7 135.9 136.2 136.5 134.2 134.8 135.4 136.2 135.1

2007 136.8 137.1 137.5 137.8 138.2 138.5 138.8 139.1 139.3 139.5 139.7 139.8 137.1 138.2 139.1 139.6 138.5

2008 139.8 139.8 139.7 139.6 139.5 139.3 139.2 139.0 138.8 138.6 138.3 138.1 139.8 139.5 139.0 138.3 139.1

2009 137.9 137.7 137.4 137.2 137.0 136.7 136.5 136.3 136.1 135.8 135.6 135.4 137.7 137.0 136.3 135.6 136.6

2010 135.2 134.9 134.7 134.4 134.2 134.0 133.7 133.5 133.2 133.0 132.8 132.6 134.9 134.2 133.5 132.8 133.9

2011 132.5 132.3 132.2 132.1 132.1 132.1 132.1 132.1 132.2 132.3 132.5 132.7 132.3 132.1 132.1 132.5 132.3

2012 132.9 133.1 133.3 133.5 133.7 134.0 134.2 134.4 134.6 134.8 135.0 135.1 133.1 133.7 134.4 134.9 134.0

2013 135.2 135.3 135.4 135.5 135.5 135.6 135.6 135.6 135.5 135.5 135.5 135.5 135.3 135.5 135.6 135.5 135.5

2014 135.5 135.4 135.4 135.4 135.4 135.5 135.5 135.5 135.6 135.7 135.7 135.8 135.4 135.4 135.5 135.7 135.5

2015 135.9 136.0 136.1 136.2 136.3 136.4 136.5 136.6 136.7 136.8 136.9 137.0 136.0 136.3 136.6 136.9 136.4

2016 137.0 137.1

Utilization

(percent)

1986 78.7 78.2 77.9 78.2 78.2 77.9 78.2 78.4 78.4 78.6 78.8 79.3 78.3 78.1 78.3 78.9 78.4

1987 78.9 79.9 79.8 80.0 80.4 80.4 80.9 81.2 81.5 82.6 82.9 83.3 79.5 80.3 81.2 83.0 81.0

1988 83.1 83.2 83.4 84.1 83.9 84.0 84.0 84.0 84.3 84.6 84.8 85.0 83.3 84.0 84.1 84.8 84.0

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

1990 81.5 82.5 82.7 82.3 82.2 82.3 82.0 82.1 81.9 81.1 80.0 79.3 82.2 82.3 82.0 80.1 81.6

1991 78.6 78.0 77.3 77.5 78.0 78.7 78.8 78.9 79.6 79.4 79.1 78.8 78.0 78.1 79.1 79.1 78.6

1992 78.1 78.6 79.3 79.5 79.8 79.8 80.3 79.8 79.6 79.9 80.1 79.8 78.7 79.7 79.9 80.0 79.6

1993 80.5 80.5 80.2 80.5 80.3 80.1 80.2 79.9 80.2 80.8 81.0 81.2 80.4 80.3 80.1 81.0 80.4

1994 81.2 81.1 81.9 82.4 82.7 82.6 82.7 83.0 83.1 83.7 84.0 84.6 81.4 82.5 83.0 84.1 82.7

1995 84.4 83.9 83.8 83.4 83.1 83.2 82.3 82.8 83.2 82.7 82.4 82.3 84.0 83.2 82.8 82.5 83.1

1996 81.3 82.1 81.5 82.0 82.2 82.6 82.3 82.3 82.5 81.9 82.2 82.4 81.6 82.2 82.4 82.2 82.1

1997 82.0 82.7 83.1 82.5 82.6 82.7 82.7 83.2 83.4 83.5 83.8 83.5 82.6 82.6 83.1 83.6 83.0

1998 83.5 83.0 82.3 82.1 81.9 80.7 79.9 81.3 80.7 81.0 80.7 80.7 82.9 81.6 80.6 80.8 81.5

1999 80.6 80.8 80.4 80.3 80.7 80.1 80.1 80.3 79.6 80.5 80.6 80.8 80.6 80.4 80.0 80.6 80.4

2000 80.6 80.4 80.6 80.8 80.4 80.2 80.0 79.2 79.2 78.7 78.2 77.5 80.5 80.5 79.5 78.1 79.6

2001 76.7 76.0 75.5 75.1 74.4 73.7 73.2 72.7 72.4 71.9 71.6 71.7 76.1 74.4 72.8 71.7 73.7

2002 72.0 71.9 72.4 72.5 72.9 73.7 73.4 73.6 73.7 73.4 73.7 73.3 72.1 73.0 73.6 73.5 73.1

2003 73.7 73.8 73.9 73.3 73.4 73.7 73.9 73.6 74.2 74.3 75.1 75.0 73.8 73.5 73.9 74.8 74.0

2004 74.9 75.5 75.4 75.8 76.4 75.9 76.5 76.9 76.8 77.6 77.4 77.9 75.3 76.0 76.8 77.6 76.4

2005 78.4 78.9 78.3 78.4 78.6 78.5 78.1 78.2 77.3 78.3 78.7 78.7 78.5 78.5 77.9 78.6 78.4

2006 79.2 78.9 78.7 79.0 78.5 78.7 78.3 78.7 78.6 78.2 78.0 79.0 78.9 78.7 78.5 78.4 78.6

2007 78.4 78.6 79.0 79.4 79.1 79.2 79.0 78.6 78.8 78.4 78.7 78.7 78.7 79.2 78.8 78.6 78.8

2008 78.4 77.9 77.6 76.9 76.6 76.2 75.4 74.7 72.2 71.9 70.3 68.0 78.0 76.6 74.1 70.1 74.7

2009 66.1 66.1 64.9 64.5 63.9 63.8 64.7 65.6 66.2 66.5 67.2 67.2 65.7 64.0 65.5 67.0 65.6

2010 68.0 68.1 69.0 69.8 70.9 71.0 71.6 71.8 72.0 72.2 72.3 72.7 68.4 70.6 71.8 72.4 70.8

2011 73.0 73.1 73.6 73.2 73.3 73.4 73.8 74.0 74.2 74.5 74.1 74.5 73.2 73.3 74.0 74.4 73.7

2012 75.1 75.3 74.7 75.1 74.7 74.7 74.5 74.2 74.1 73.8 74.3 74.8 75.0 74.8 74.3 74.3 74.6

2013 74.5 74.8 74.5 74.2 74.4 74.5 73.8 74.5 74.6 74.7 74.6 74.6 74.6 74.4 74.3 74.6 74.5

2014 73.8 74.6 75.1 75.1 75.3 75.6 75.9 75.6 75.7 75.6 76.3 76.1 74.5 75.4 75.7 76.0 75.4

2015 75.8 75.4 75.5 75.6 75.5 75.3 75.8 75.7 75.5 75.6 75.3 75.3 75.5 75.5 75.6 75.4 75.5

2016 75.5 75.6

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 2.

26
Table 10A

INDUSTRIAL PRODUCTION: Total Industry Excluding Selected High-Technology Industries1

Seasonally adjusted

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

IP (percent

change)

1986 .5 -.7 -.8 .1 .2 -.2 .3 -.2 .2 .4 .4 .8 2.3 -2.4 .5 4.0 .9

1987 -.5 1.2 .2 .5 .5 .4 .6 .7 .2 1.4 .5 .4 4.4 6.3 6.3 9.1 4.3

1988 .0 .4 .2 .5 -.2 .2 .0 .4 -.3 .5 .2 .5 3.4 2.8 .9 2.6 4.5

1989 .3 -.4 .3 .0 -.7 .0 -1.0 .9 -.4 -.2 .3 .6 2.0 -1.6 -3.3 .9 .6

1990 -.8 1.0 .5 -.2 .1 .3 -.1 .3 .1 -.8 -1.2 -.7 2.0 2.6 1.3 -6.7 .4

1991 -.4 -.8 -.6 .2 .9 .9 .1 .0 .9 -.2 -.2 -.6 -8.0 1.9 5.4 .4 -2.0

1992 -.7 .7 .8 .6 .2 -.1 .8 -.6 .1 .6 .3 .1 -1.9 6.2 2.0 2.9 1.9

1993 .4 .4 -.2 .2 -.4 .2 .3 -.2 .4 .7 .3 .5 3.1 .2 1.2 5.3 2.5

1994 .3 .0 .9 .3 .4 .6 .0 .4 .1 .6 .4 .9 4.3 5.4 3.2 5.8 4.0

1995 .1 -.2 -.1 -.2 .1 .2 -.5 1.0 .1 -.4 .1 .1 2.8 -1.2 1.3 .4 2.4

1996 -1.0 1.3 -.3 .8 .6 .6 -.5 .3 .5 -.4 .7 .5 -.5 6.6 2.0 2.9 1.7

1997 -.1 .9 .4 -.2 .3 .2 .5 .8 .6 .7 .7 .1 5.1 2.5 6.4 7.6 4.2

1998 .3 .0 .0 .1 .6 -1.0 -.7 1.9 -.5 .5 -.3 .1 2.2 .7 -.4 2.5 3.1

1999 .1 .2 -.1 -.1 .6 -.5 .3 .4 -.5 1.2 .2 .6 .6 .3 .9 5.6 1.1

2000 -.3 .0 .1 .5 -.1 -.1 -.5 -.5 .3 -.4 -.2 -.5 .6 1.7 -3.2 -2.6 1.0

2001 -.7 -.6 -.3 -.1 -.6 -.5 -.4 -.1 -.4 -.5 -.5 -.1 -5.9 -4.2 -4.5 -4.4 -3.9

2002 .6 -.1 .8 .4 .4 .9 -.3 -.1 .1 -.4 .5 -.5 2.5 6.1 1.9 -.7 .2

2003 .5 .1 -.3 -.9 -.1 .0 .2 -.3 .5 .0 .8 -.1 1.2 -4.4 .6 2.8 .2

2004 .1 .6 -.5 .4 .8 -.9 .8 .0 .0 .9 .2 .7 1.8 2.2 2.0 5.2 1.8

2005 .3 .6 -.2 .1 .1 .4 -.4 .1 -2.1 1.2 1.0 .5 4.7 1.3 -3.1 2.6 2.5

2006 .1 .0 .1 .4 -.2 .3 -.1 .2 -.3 -.1 -.1 1.1 3.3 1.8 .5 .3 1.4

2007 -.6 1.0 .0 .6 .1 .1 -.1 .1 .2 -.6 .4 -.1 3.0 4.0 .9 -1.0 1.8

2008 -.4 -.5 -.4 -.8 -.6 -.2 -.5 -1.5 -4.4 1.2 -1.0 -2.8 -2.9 -6.5 -12.4 -14.9 -4.3

2009 -2.4 -.7 -1.7 -1.0 -1.1 -.4 1.0 1.1 .7 .2 .4 .3 -20.3 -12.1 5.7 5.9 -11.5

2010 1.0 .2 .6 .4 1.6 .2 .4 .3 .3 -.3 .0 .7 6.8 8.0 5.7 1.0 4.9

2011 -.1 -.5 .9 -.4 .2 .2 .5 .4 .0 .7 -.2 .4 1.5 .8 4.0 3.5 2.6

2012 .7 .2 -.8 .9 .1 .0 .3 -.5 .1 .2 .6 .3 3.3 2.1 .2 2.2 2.6

2013 -.1 .5 .1 -.1 .0 .2 -.6 .7 .5 -.1 .3 .2 2.7 .9 .5 3.0 1.7

2014 -.5 .8 .8 .1 .4 .4 .1 .0 .4 .1 1.0 -.1 2.0 5.3 2.4 3.7 2.7

2015 -.5 -.1 -.3 -.2 -.2 -.2 .6 .1 -.3 -.1 -.7 -.5 -1.9 -2.8 1.6 -3.5 .3

2016 .6 -.5

IP (2012=100)

1986 77.5 77.0 76.4 76.4 76.6 76.4 76.6 76.5 76.6 76.9 77.2 77.8 76.9 76.5 76.6 77.3 76.8

1987 77.5 78.4 78.6 79.0 79.4 79.7 80.2 80.7 80.9 82.0 82.4 82.7 78.2 79.4 80.6 82.4 80.1

1988 82.8 83.1 83.3 83.7 83.5 83.7 83.7 84.0 83.7 84.1 84.3 84.7 83.0 83.6 83.8 84.3 83.7

1989 85.0 84.6 84.8 84.8 84.2 84.2 83.3 84.1 83.7 83.6 83.8 84.3 84.8 84.4 83.7 83.9 84.2

1990 83.6 84.5 84.9 84.7 84.8 85.1 85.0 85.2 85.3 84.6 83.5 82.9 84.3 84.9 85.2 83.7 84.5

1991 82.6 81.9 81.4 81.6 82.4 83.1 83.2 83.2 84.0 83.8 83.6 83.1 82.0 82.3 83.4 83.5 82.8

1992 82.5 83.1 83.8 84.3 84.5 84.4 85.1 84.6 84.7 85.2 85.5 85.5 83.1 84.4 84.8 85.4 84.4

1993 85.9 86.2 86.1 86.3 85.9 86.1 86.4 86.2 86.6 87.2 87.5 87.9 86.1 86.1 86.4 87.5 86.5

1994 88.2 88.2 88.9 89.2 89.5 90.0 90.0 90.4 90.5 91.0 91.4 92.2 88.4 89.6 90.3 91.6 90.0

1995 92.4 92.2 92.0 91.8 91.9 92.0 91.6 92.5 92.6 92.2 92.3 92.4 92.2 91.9 92.2 92.3 92.2

1996 91.5 92.7 92.4 93.1 93.7 94.2 93.8 94.1 94.5 94.2 94.9 95.4 92.2 93.7 94.1 94.8 93.7

1997 95.3 96.2 96.6 96.3 96.6 96.8 97.4 98.2 98.8 99.5 100.1 100.2 96.0 96.6 98.1 99.9 97.7

1998 100.5 100.5 100.4 100.6 101.2 100.2 99.5 101.4 100.8 101.4 101.0 101.1 100.5 100.6 100.5 101.2 100.7

1999 101.2 101.4 101.3 101.2 101.7 101.3 101.5 101.9 101.4 102.7 102.9 103.5 101.3 101.4 101.6 103.0 101.8

2000 103.1 103.1 103.2 103.7 103.6 103.5 103.0 102.5 102.8 102.4 102.2 101.7 103.2 103.6 102.7 102.1 102.9

2001 101.0 100.4 100.2 100.1 99.5 98.9 98.6 98.4 98.1 97.6 97.1 97.1 100.5 99.5 98.3 97.2 98.9

2002 97.7 97.6 98.3 98.7 99.2 100.1 99.8 99.7 99.8 99.5 100.0 99.4 97.9 99.3 99.8 99.6 99.2

2003 99.9 100.1 99.7 98.9 98.7 98.7 98.9 98.7 99.2 99.2 99.9 99.8 99.9 98.8 98.9 99.6 99.3

2004 99.9 100.4 99.9 100.4 101.2 100.3 101.1 101.1 101.1 102.1 102.2 102.9 100.1 100.6 101.1 102.4 101.1

2005 103.3 103.9 103.7 103.7 103.8 104.3 103.8 103.9 101.7 102.9 104.0 104.5 103.6 103.9 103.1 103.8 103.6

2006 104.6 104.6 104.7 105.2 104.9 105.3 105.2 105.4 105.1 105.1 104.9 106.0 104.6 105.1 105.2 105.3 105.1

2007 105.4 106.5 106.4 107.0 107.1 107.3 107.2 107.4 107.6 106.9 107.3 107.2 106.1 107.1 107.4 107.1 106.9

2008 106.8 106.3 105.9 105.0 104.4 104.2 103.7 102.1 97.6 98.8 97.7 95.0 106.3 104.6 101.2 97.2 102.3

2009 92.7 92.1 90.6 89.7 88.7 88.3 89.2 90.2 90.9 91.1 91.5 91.7 91.8 88.9 90.1 91.4 90.6

2010 92.7 92.8 93.4 93.7 95.2 95.4 95.8 96.1 96.3 96.1 96.1 96.8 92.9 94.7 96.1 96.3 95.0

2011 96.6 96.2 97.1 96.7 96.8 97.1 97.5 98.0 97.9 98.6 98.5 98.8 96.7 96.9 97.8 98.6 97.5

2012 99.6 99.8 99.0 99.9 100.0 100.0 100.3 99.8 99.9 100.1 100.7 100.9 99.5 100.0 100.0 100.6 100.0

2013 100.8 101.4 101.5 101.4 101.4 101.6 100.9 101.7 102.2 102.1 102.4 102.6 101.2 101.5 101.6 102.3 101.7

2014 102.1 102.9 103.6 103.8 104.2 104.6 104.7 104.7 105.0 105.1 106.2 106.0 102.9 104.2 104.8 105.8 104.4

2015 105.5 105.3 105.0 104.7 104.5 104.3 105.0 105.1 104.8 104.6 103.9 103.5 105.3 104.5 104.9 104.0 104.7

2016 104.1 103.5

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

1. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

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

27
Table 10B

CAPACITY AND UTILIZATION: Total Industry Excluding Selected High-Technology Industries1

Seasonally adjusted

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

Capacity

(percent of

2012 output)

1986 96.9 97.0 97.1 97.1 97.2 97.3 97.4 97.4 97.5 97.6 97.7 97.8 97.0 97.2 97.4 97.7 97.3

1987 97.9 98.0 98.1 98.2 98.3 98.4 98.5 98.6 98.7 98.7 98.8 98.8 98.0 98.3 98.6 98.8 98.4

1988 98.9 98.9 98.9 98.9 98.9 98.9 98.9 98.9 99.0 99.0 99.1 99.1 98.9 98.9 98.9 99.1 98.9

1989 99.2 99.4 99.5 99.6 99.8 100.0 100.1 100.3 100.5 100.7 100.9 101.0 99.4 99.8 100.3 100.9 100.1

1990 101.2 101.4 101.6 101.7 101.9 102.0 102.2 102.3 102.4 102.5 102.7 102.8 101.4 101.9 102.3 102.7 102.1

1991 102.9 103.0 103.1 103.2 103.4 103.5 103.6 103.7 103.8 103.9 104.0 104.1 103.0 103.4 103.7 104.0 103.5

1992 104.2 104.3 104.4 104.6 104.7 104.8 104.9 105.0 105.1 105.2 105.3 105.5 104.3 104.7 105.0 105.3 104.8

1993 105.6 105.7 105.8 105.9 106.0 106.1 106.2 106.3 106.4 106.5 106.6 106.7 105.7 106.0 106.3 106.6 106.1

1994 106.8 107.0 107.1 107.2 107.4 107.5 107.7 107.9 108.1 108.2 108.4 108.6 107.0 107.4 107.9 108.4 107.7

1995 108.8 109.0 109.2 109.4 109.7 109.9 110.1 110.3 110.5 110.6 110.8 111.0 109.0 109.7 110.3 110.8 109.9

1996 111.2 111.4 111.6 111.8 112.0 112.2 112.4 112.7 112.9 113.2 113.4 113.7 111.4 112.0 112.7 113.4 112.4

1997 114.0 114.4 114.7 115.1 115.5 115.9 116.3 116.7 117.1 117.6 118.0 118.5 114.4 115.5 116.7 118.0 116.1

1998 118.9 119.4 119.8 120.3 120.7 121.1 121.5 122.0 122.3 122.7 123.1 123.4 119.4 120.7 121.9 123.1 121.3

1999 123.7 124.0 124.3 124.6 124.9 125.1 125.4 125.6 125.8 126.0 126.2 126.4 124.0 124.9 125.6 126.2 125.2

2000 126.6 126.7 126.9 127.0 127.2 127.3 127.4 127.6 127.7 127.8 128.0 128.1 126.7 127.2 127.6 128.0 127.4

2001 128.2 128.4 128.5 128.6 128.8 128.9 129.1 129.2 129.4 129.5 129.6 129.8 128.4 128.8 129.2 129.6 129.0

2002 129.9 130.0 130.0 130.1 130.2 130.2 130.2 130.2 130.1 130.1 130.0 129.9 130.0 130.2 130.2 130.0 130.1

2003 129.8 129.7 129.6 129.5 129.4 129.3 129.3 129.2 129.1 129.1 129.0 129.0 129.7 129.4 129.2 129.0 129.3

2004 128.9 128.9 128.8 128.8 128.7 128.6 128.6 128.6 128.5 128.5 128.5 128.5 128.9 128.7 128.6 128.5 128.6

2005 128.5 128.5 128.5 128.6 128.7 128.8 128.9 129.0 129.1 129.3 129.4 129.6 128.5 128.7 129.0 129.4 128.9

2006 129.7 129.9 130.1 130.3 130.5 130.6 130.8 131.0 131.2 131.4 131.6 131.8 129.9 130.5 131.0 131.6 130.8

2007 131.9 132.1 132.2 132.3 132.4 132.4 132.5 132.4 132.4 132.3 132.2 132.1 132.1 132.4 132.4 132.2 132.3

2008 132.0 131.9 131.8 131.7 131.7 131.7 131.8 131.9 132.0 132.2 132.3 132.5 131.9 131.7 131.9 132.3 132.0

2009 132.7 132.8 132.9 132.9 132.9 132.9 132.8 132.6 132.4 132.2 131.9 131.6 132.8 132.9 132.6 131.9 132.6

2010 131.3 131.0 130.6 130.3 130.0 129.6 129.4 129.1 128.8 128.6 128.4 128.3 130.9 130.0 129.1 128.4 129.6

2011 128.1 128.0 127.9 127.8 127.8 127.8 127.9 128.0 128.1 128.2 128.4 128.6 128.0 127.8 128.0 128.4 128.0

2012 128.8 129.0 129.2 129.5 129.7 130.0 130.2 130.4 130.6 130.8 131.0 131.1 129.0 129.7 130.4 131.0 130.0

2013 131.2 131.4 131.5 131.5 131.6 131.6 131.7 131.7 131.7 131.8 131.8 131.9 131.4 131.6 131.7 131.8 131.6

2014 132.0 132.1 132.2 132.3 132.5 132.7 133.0 133.3 133.6 133.9 134.3 134.6 132.1 132.5 133.3 134.3 133.0

2015 135.0 135.3 135.7 136.0 136.2 136.5 136.7 136.8 137.0 137.1 137.1 137.2 135.3 136.2 136.8 137.1 136.4

2016 137.2 137.2

Utilization

(percent)

1986 80.0 79.4 78.7 78.7 78.8 78.5 78.7 78.5 78.5 78.8 79.1 79.6 79.3 78.7 78.6 79.1 78.9

1987 79.1 80.0 80.1 80.4 80.8 81.0 81.4 81.9 81.9 83.0 83.4 83.7 79.8 80.7 81.7 83.4 81.4

1988 83.7 84.1 84.2 84.6 84.4 84.6 84.6 84.9 84.6 85.0 85.1 85.4 84.0 84.5 84.7 85.1 84.6

1989 85.6 85.1 85.2 85.1 84.4 84.3 83.2 83.8 83.3 83.0 83.1 83.4 85.3 84.6 83.4 83.2 84.1

1990 82.6 83.3 83.6 83.3 83.3 83.4 83.2 83.3 83.3 82.5 81.4 80.7 83.2 83.3 83.2 81.5 82.8

1991 80.2 79.5 78.9 79.0 79.7 80.3 80.3 80.2 80.9 80.7 80.4 79.9 79.6 79.7 80.5 80.3 80.0

1992 79.2 79.6 80.2 80.6 80.7 80.5 81.1 80.6 80.6 81.0 81.1 81.1 79.7 80.6 80.7 81.1 80.5

1993 81.4 81.6 81.4 81.5 81.1 81.2 81.3 81.1 81.4 81.9 82.1 82.4 81.5 81.3 81.3 82.1 81.5

1994 82.5 82.4 83.0 83.2 83.4 83.7 83.6 83.8 83.7 84.1 84.3 84.9 82.7 83.4 83.7 84.4 83.6

1995 84.9 84.5 84.3 83.9 83.8 83.8 83.2 83.9 83.8 83.4 83.3 83.2 84.5 83.8 83.6 83.3 83.8

1996 82.2 83.2 82.8 83.3 83.6 84.0 83.4 83.5 83.7 83.2 83.7 83.8 82.7 83.6 83.6 83.6 83.4

1997 83.6 84.1 84.2 83.7 83.7 83.6 83.8 84.1 84.3 84.6 84.8 84.6 83.9 83.7 84.1 84.7 84.1

1998 84.5 84.2 83.8 83.6 83.8 82.7 81.8 83.1 82.4 82.6 82.1 81.9 84.2 83.4 82.5 82.2 83.0

1999 81.8 81.8 81.5 81.2 81.5 80.9 81.0 81.1 80.6 81.5 81.5 81.9 81.7 81.2 80.9 81.6 81.3

2000 81.5 81.4 81.4 81.7 81.5 81.3 80.8 80.3 80.5 80.1 79.9 79.4 81.4 81.5 80.5 79.8 80.8

2001 78.8 78.3 78.0 77.8 77.2 76.7 76.4 76.2 75.8 75.3 74.9 74.8 78.3 77.2 76.1 75.0 76.7

2002 75.2 75.1 75.6 75.9 76.2 76.9 76.7 76.6 76.7 76.5 76.9 76.5 75.3 76.3 76.7 76.6 76.2

2003 77.0 77.1 77.0 76.3 76.3 76.3 76.5 76.4 76.8 76.8 77.4 77.4 77.0 76.3 76.6 77.2 76.8

2004 77.5 77.9 77.6 77.9 78.6 78.0 78.6 78.7 78.7 79.4 79.6 80.1 77.7 78.2 78.7 79.7 78.6

2005 80.4 80.8 80.6 80.7 80.7 81.0 80.6 80.5 78.7 79.6 80.3 80.7 80.6 80.8 79.9 80.2 80.4

2006 80.6 80.5 80.5 80.7 80.4 80.6 80.4 80.5 80.1 79.9 79.7 80.4 80.5 80.6 80.3 80.0 80.4

2007 79.9 80.6 80.5 80.9 80.9 81.0 80.9 81.1 81.3 80.8 81.2 81.1 80.3 80.9 81.1 81.0 80.8

2008 80.9 80.6 80.4 79.7 79.3 79.1 78.7 77.4 73.9 74.7 73.9 71.7 80.6 79.4 76.7 73.4 77.5

2009 69.9 69.4 68.2 67.5 66.7 66.4 67.2 68.0 68.6 68.9 69.3 69.7 69.1 66.9 68.0 69.3 68.3

2010 70.6 70.9 71.5 71.9 73.2 73.6 74.0 74.4 74.8 74.7 74.8 75.5 71.0 72.9 74.4 75.0 73.3

2011 75.4 75.2 75.9 75.6 75.8 75.9 76.3 76.6 76.5 76.9 76.7 76.9 75.5 75.8 76.4 76.8 76.1

2012 77.3 77.4 76.6 77.1 77.1 77.0 77.0 76.6 76.5 76.5 76.9 77.0 77.1 77.1 76.7 76.8 76.9

2013 76.8 77.2 77.2 77.1 77.0 77.2 76.7 77.2 77.5 77.4 77.7 77.8 77.1 77.1 77.1 77.6 77.2

2014 77.3 77.9 78.4 78.4 78.6 78.8 78.7 78.5 78.6 78.5 79.0 78.7 77.9 78.6 78.6 78.7 78.5

2015 78.1 77.8 77.4 77.0 76.7 76.4 76.8 76.8 76.5 76.3 75.8 75.4 77.8 76.7 76.7 75.9 76.8

2016 75.9 75.5

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

1. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

28
Table 11A

INDUSTRIAL PRODUCTION: Manufacturing Excluding Selected High-Technology Industries1,2

Seasonally adjusted

Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Q1 Q2 Q3 Q4 Annual3

IP (percent

change)

1986 1.2 -.6 -.4 .4 .2 -.2 .1 .3 .2 .3 .4 .8 4.7 -.1 1.1 4.3 2.2

1987 -.5 1.4 .1 .4 .6 .2 .6 .5 .4 1.5 .5 .5 4.6 5.9 5.9 10.4 4.6

1988 -.2 .2 .2 .8 -.3 .1 -.1 .0 .4 .5 .3 .5 2.2 3.4 .0 4.3 4.5

1989 .9 -1.0 -.1 .2 -.9 .2 -1.3 .8 -.3 -.3 .2 .0 2.4 -3.1 -4.3 -.6 .4

1990 -.4 1.5 .4 -.3 .1 .2 -.2 .3 -.1 -.9 -1.2 -.8 3.5 2.5 .6 -7.5 .0

1991 -.8 -.8 -.8 .4 .6 1.1 .3 .1 1.1 -.2 -.3 -.4 -9.7 1.2 7.1 1.1 -2.6

1992 -.8 .8 1.0 .4 .5 .1 .8 -.5 -.1 .5 .3 -.2 -1.2 7.1 2.8 1.5 2.6

1993 1.0 .1 -.3 .5 -.1 -.2 .3 -.3 .6 .8 .3 .5 4.0 .6 .3 5.9 2.6

1994 .1 .1 1.1 .6 .5 .1 .2 .5 .2 .7 .6 .9 3.9 7.1 3.7 7.1 4.4

1995 .1 -.4 -.1 -.4 -.1 .3 -.8 .8 .6 -.4 -.1 .0 2.7 -2.2 .2 .8 2.5

1996 -1.2 1.3 -.5 1.0 .6 .8 -.1 .2 .6 -.5 .7 .7 -2.0 7.4 4.0 2.7 1.5

1997 -.2 1.1 .8 -.5 .4 .4 .4 1.0 .6 .7 .8 .1 6.2 3.0 6.9 8.2 4.9

1998 .6 .0 -.3 .2 .4 -1.2 -.8 2.3 -.6 .7 -.1 .2 3.4 -.3 -.6 4.2 3.5

1999 -.1 .5 -.5 .0 .7 -.7 .0 .6 -.5 1.4 .4 .4 .7 .4 .0 6.7 1.3

2000 -.3 -.2 .3 .4 -.6 .0 -.2 -1.0 .3 -.4 -.5 -.8 .3 .9 -3.8 -4.6 .7

2001 -.6 -.6 -.3 -.1 -.7 -.6 -.2 -.5 -.2 -.7 -.2 .2 -6.9 -4.4 -4.6 -4.2 -4.7

2002 .6 -.2 .8 .2 .6 1.1 -.4 .1 .1 -.4 .4 -.6 3.2 5.6 2.5 -1.0 .4

2003 .4 -.1 .1 -1.0 -.1 .3 .0 -.6 .7 -.1 1.0 -.3 .4 -3.9 -.1 3.1 .0

2004 -.2 .7 -.2 .4 .8 -.8 .9 .4 -.1 1.0 -.1 .6 1.3 3.3 3.8 4.8 2.0

2005 .6 .7 -.6 .2 .3 .1 -.5 .2 -1.2 1.4 .7 .1 5.2 1.4 -2.2 4.9 3.1

2006 .8 -.4 -.1 .5 -.6 .2 -.4 .5 .0 -.4 .0 1.5 3.1 .0 -.4 .9 1.5

2007 -.6 .3 .6 .5 .0 .5 .0 -.4 .3 -.7 .3 .0 3.2 4.7 .7 -1.7 1.8

2008 -.5 -.8 -.5 -1.2 -.6 -.6 -1.1 -1.2 -3.5 -.4 -2.1 -3.3 -4.5 -9.2 -13.8 -20.3 -5.9

2009 -3.1 -.2 -2.0 -.9 -1.2 -.4 1.4 1.2 .8 .1 .9 -.2 -24.2 -12.5 7.4 6.4 -13.9

2010 1.0 -.3 1.1 .8 1.5 -.1 .6 .1 .1 .1 -.1 .2 5.2 10.1 4.7 .8 5.1

2011 .2 .1 .6 -.6 .1 .0 .6 .2 .4 .6 -.4 .6 2.2 -.6 3.8 3.5 2.5

2012 1.0 .3 -.7 .6 -.5 .2 -.1 -.2 -.1 -.4 .8 .7 5.0 .1 -1.0 1.2 2.3

2013 -.3 .5 -.3 -.4 .2 .2 -1.1 .9 .1 .0 -.1 .0 2.7 -1.1 -1.1 1.2 .5

2014 -1.1 1.0 .6 .0 .2 .4 .4 -.4 .1 .0 .9 -.1 -1.1 4.3 2.0 2.0 .9

2015 -.4 -.4 .2 .2 .0 -.2 .7 -.1 -.3 .2 -.3 .0 -1.5 .6 1.8 -.9 .8

2016 .4 .1

IP (2012=100)

1986 79.7 79.3 79.0 79.3 79.4 79.2 79.3 79.5 79.7 79.9 80.3 80.9 79.3 79.3 79.5 80.3 79.6

1987 80.5 81.6 81.7 82.0 82.5 82.7 83.3 83.6 84.0 85.3 85.7 86.2 81.3 82.4 83.6 85.7 83.3

1988 86.0 86.2 86.4 87.1 86.8 86.9 86.8 86.8 87.1 87.5 87.8 88.2 86.2 86.9 86.9 87.8 87.0

1989 89.0 88.1 88.0 88.2 87.4 87.5 86.4 87.0 86.8 86.5 86.6 86.6 88.4 87.7 86.7 86.6 87.3

1990 86.3 87.6 88.0 87.8 87.8 88.0 87.9 88.1 88.0 87.2 86.2 85.5 87.3 87.9 88.0 86.3 87.4

1991 84.8 84.2 83.5 83.8 84.3 85.2 85.5 85.6 86.6 86.4 86.1 85.8 84.1 84.4 85.9 86.1 85.1

1992 85.1 85.8 86.7 87.0 87.4 87.6 88.3 87.8 87.7 88.1 88.4 88.3 85.8 87.3 87.9 88.3 87.3

1993 89.1 89.3 89.0 89.4 89.3 89.1 89.3 89.1 89.6 90.3 90.6 91.0 89.1 89.3 89.3 90.6 89.6

1994 91.1 91.2 92.2 92.7 93.2 93.3 93.5 94.0 94.2 94.9 95.4 96.3 91.5 93.1 93.9 95.5 93.5

1995 96.4 96.1 96.0 95.6 95.5 95.8 95.0 95.7 96.3 95.9 95.8 95.8 96.2 95.6 95.7 95.8 95.8

1996 94.7 95.9 95.5 96.5 97.0 97.8 97.7 97.9 98.5 98.0 98.7 99.4 95.4 97.1 98.0 98.7 97.3

1997 99.2 100.3 101.1 100.5 100.9 101.3 101.8 102.8 103.4 104.1 104.9 105.1 100.2 100.9 102.6 104.7 102.1

1998 105.7 105.6 105.3 105.6 106.0 104.8 104.0 106.3 105.7 106.4 106.3 106.5 105.5 105.5 105.3 106.4 105.7

1999 106.4 106.9 106.4 106.4 107.2 106.4 106.4 107.1 106.5 108.0 108.4 108.8 106.6 106.7 106.7 108.4 107.1

2000 108.5 108.3 108.7 109.2 108.5 108.5 108.3 107.2 107.5 107.1 106.5 105.7 108.5 108.7 107.7 106.4 107.8

2001 105.1 104.5 104.2 104.1 103.4 102.8 102.6 102.1 101.9 101.2 101.0 101.1 104.6 103.4 102.2 101.1 102.8

2002 101.8 101.6 102.4 102.5 103.1 104.3 103.8 103.9 104.0 103.6 104.0 103.4 101.9 103.3 103.9 103.7 103.2

2003 103.8 103.7 103.8 102.7 102.6 102.9 102.9 102.3 103.0 103.0 104.0 103.7 103.8 102.8 102.7 103.5 103.2

2004 103.5 104.2 104.0 104.4 105.3 104.5 105.4 105.9 105.8 106.8 106.7 107.3 103.9 104.7 105.7 106.9 105.3

2005 108.0 108.8 108.1 108.4 108.7 108.9 108.4 108.6 107.3 108.8 109.6 109.7 108.3 108.7 108.1 109.4 108.6

2006 110.6 110.1 110.0 110.6 109.9 110.2 109.8 110.3 110.3 109.8 109.8 111.4 110.2 110.2 110.1 110.3 110.2

2007 110.8 111.1 111.8 112.4 112.3 112.9 112.9 112.4 112.8 112.0 112.3 112.3 111.2 112.5 112.7 112.2 112.2

2008 111.7 110.8 110.3 109.0 108.3 107.6 106.4 105.2 101.5 101.1 99.0 95.7 110.9 108.3 104.3 98.6 105.5

2009 92.7 92.5 90.6 89.8 88.7 88.4 89.6 90.7 91.4 91.5 92.3 92.1 92.0 88.9 90.5 92.0 90.9

2010 93.0 92.7 93.7 94.5 95.9 95.8 96.4 96.5 96.6 96.7 96.6 96.8 93.1 95.4 96.5 96.7 95.4

2011 97.0 97.1 97.6 97.0 97.1 97.1 97.7 98.0 98.3 98.9 98.5 99.1 97.2 97.1 98.0 98.8 97.8

2012 100.1 100.4 99.7 100.3 99.9 100.0 99.9 99.8 99.7 99.3 100.1 100.8 100.0 100.1 99.8 100.1 100.0

2013 100.5 101.0 100.7 100.3 100.5 100.7 99.6 100.5 100.6 100.6 100.5 100.5 100.8 100.5 100.2 100.5 100.5

2014 99.3 100.4 101.0 101.1 101.2 101.7 102.1 101.6 101.8 101.8 102.7 102.5 100.2 101.3 101.8 102.3 101.4

2015 102.1 101.7 101.9 102.1 102.2 102.0 102.7 102.6 102.3 102.5 102.3 102.2 101.9 102.1 102.5 102.3 102.2

2016 102.6 102.7

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 2.

2. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

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

29
Table 11B

CAPACITY AND UTILIZATION: Manufacturing Excluding Selected High-Technology Industries1,2

Seasonally adjusted

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

Capacity

(percent of

2012 output)

1986 100.6 100.7 100.7 100.8 100.9 100.9 101.0 101.1 101.2 101.3 101.4 101.6 100.7 100.9 101.1 101.4 101.0

1987 101.7 101.9 102.0 102.2 102.3 102.5 102.6 102.7 102.8 102.9 103.0 103.0 101.9 102.3 102.7 103.0 102.5

1988 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.2 103.3 103.1 103.1 103.1 103.2 103.1

1989 103.4 103.5 103.7 103.8 104.0 104.2 104.4 104.6 104.8 105.0 105.2 105.4 103.5 104.0 104.6 105.2 104.3

1990 105.6 105.8 106.0 106.2 106.4 106.5 106.7 106.9 107.0 107.2 107.3 107.5 105.8 106.4 106.9 107.3 106.6

1991 107.6 107.7 107.9 108.0 108.1 108.3 108.4 108.5 108.6 108.7 108.9 109.0 107.7 108.1 108.5 108.9 108.3

1992 109.1 109.2 109.4 109.5 109.6 109.8 109.9 110.1 110.2 110.3 110.5 110.6 109.2 109.6 110.1 110.5 109.9

1993 110.8 110.9 111.0 111.1 111.2 111.3 111.4 111.5 111.7 111.8 111.9 112.0 110.9 111.2 111.5 111.9 111.4

1994 112.1 112.2 112.4 112.5 112.7 112.8 113.0 113.2 113.4 113.6 113.8 114.0 112.2 112.7 113.2 113.8 113.0

1995 114.2 114.5 114.7 114.9 115.2 115.4 115.7 115.9 116.2 116.4 116.6 116.9 114.5 115.2 115.9 116.6 115.5

1996 117.1 117.4 117.6 117.9 118.1 118.4 118.6 118.9 119.2 119.5 119.9 120.2 117.4 118.1 118.9 119.9 118.6

1997 120.6 121.0 121.4 121.8 122.3 122.8 123.3 123.8 124.3 124.8 125.4 125.9 121.0 122.3 123.8 125.4 123.1

1998 126.5 127.0 127.5 128.1 128.6 129.1 129.6 130.1 130.5 131.0 131.4 131.8 127.0 128.6 130.1 131.4 129.3

1999 132.2 132.6 133.0 133.3 133.6 134.0 134.3 134.6 134.8 135.1 135.4 135.6 132.6 133.6 134.6 135.4 134.0

2000 135.8 136.0 136.3 136.5 136.7 136.8 137.0 137.2 137.4 137.5 137.7 137.9 136.0 136.7 137.2 137.7 136.9

2001 138.0 138.1 138.3 138.4 138.5 138.6 138.7 138.8 138.8 138.9 138.9 138.9 138.1 138.5 138.7 138.9 138.6

2002 139.0 139.0 139.0 139.0 138.9 138.9 138.9 138.8 138.8 138.7 138.6 138.6 139.0 138.9 138.8 138.6 138.8

2003 138.5 138.4 138.3 138.3 138.2 138.1 138.0 137.9 137.8 137.7 137.6 137.5 138.4 138.2 137.9 137.6 138.0

2004 137.4 137.3 137.3 137.2 137.1 137.0 137.0 137.0 136.9 137.0 137.0 137.0 137.3 137.1 137.0 137.0 137.1

2005 137.1 137.2 137.4 137.5 137.7 137.9 138.1 138.3 138.5 138.7 139.0 139.2 137.2 137.7 138.3 139.0 138.1

2006 139.4 139.6 139.8 140.0 140.2 140.4 140.6 140.8 140.9 141.1 141.3 141.4 139.6 140.2 140.8 141.3 140.5

2007 141.6 141.7 141.8 141.9 142.1 142.2 142.3 142.3 142.4 142.4 142.5 142.5 141.7 142.1 142.3 142.5 142.1

2008 142.5 142.4 142.4 142.3 142.2 142.1 142.0 141.8 141.7 141.5 141.3 141.1 142.4 142.2 141.8 141.3 141.9

2009 140.9 140.6 140.4 140.1 139.8 139.5 139.2 138.9 138.6 138.3 138.0 137.7 140.6 139.8 138.9 138.0 139.4

2010 137.4 137.1 136.7 136.4 136.1 135.8 135.5 135.2 134.9 134.6 134.3 134.0 137.1 136.1 135.2 134.3 135.6

2011 133.7 133.4 133.2 133.0 132.8 132.7 132.6 132.5 132.5 132.5 132.6 132.7 133.4 132.8 132.5 132.6 132.8

2012 132.8 133.0 133.1 133.3 133.5 133.6 133.8 134.0 134.1 134.3 134.4 134.5 133.0 133.5 134.0 134.4 133.7

2013 134.5 134.6 134.6 134.6 134.5 134.5 134.4 134.4 134.3 134.2 134.2 134.1 134.6 134.5 134.4 134.2 134.4

2014 134.1 134.1 134.0 134.0 134.1 134.1 134.1 134.2 134.3 134.4 134.5 134.6 134.1 134.1 134.2 134.5 134.2

2015 134.7 134.8 134.9 135.0 135.1 135.2 135.3 135.4 135.5 135.6 135.6 135.7 134.8 135.1 135.4 135.6 135.2

2016 135.8 135.8

Utilization

(percent)

1986 79.2 78.7 78.4 78.6 78.7 78.5 78.5 78.7 78.7 78.9 79.1 79.6 78.8 78.6 78.6 79.2 78.8

1987 79.1 80.1 80.1 80.3 80.7 80.7 81.1 81.4 81.7 82.8 83.2 83.6 79.8 80.6 81.4 83.2 81.2

1988 83.4 83.6 83.8 84.5 84.2 84.3 84.2 84.2 84.5 84.9 85.0 85.4 83.6 84.3 84.3 85.1 84.3

1989 86.1 85.1 84.9 84.9 84.0 84.0 82.7 83.2 82.8 82.4 82.3 82.2 85.4 84.3 82.9 82.3 83.7

1990 81.7 82.8 83.0 82.6 82.6 82.6 82.4 82.5 82.3 81.4 80.3 79.6 82.5 82.6 82.4 80.4 82.0

1991 78.8 78.1 77.4 77.5 77.9 78.7 78.9 78.9 79.7 79.4 79.1 78.7 78.1 78.1 79.1 79.1 78.6

1992 78.0 78.5 79.2 79.5 79.7 79.8 80.3 79.8 79.6 79.9 80.0 79.8 78.6 79.7 79.9 79.9 79.5

1993 80.5 80.5 80.2 80.5 80.3 80.0 80.2 79.8 80.2 80.8 80.9 81.3 80.4 80.2 80.1 81.0 80.4

1994 81.3 81.2 82.1 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.8 84.5 81.5 82.6 83.0 83.9 82.8

1995 84.4 83.9 83.7 83.2 82.9 83.0 82.1 82.6 82.9 82.4 82.1 82.0 84.0 83.0 82.5 82.2 82.9

1996 80.8 81.7 81.2 81.8 82.1 82.6 82.3 82.3 82.6 82.0 82.3 82.7 81.2 82.2 82.4 82.3 82.0

1997 82.3 82.9 83.2 82.5 82.5 82.5 82.5 83.0 83.2 83.3 83.7 83.4 82.8 82.5 82.9 83.5 82.9

1998 83.6 83.2 82.6 82.4 82.5 81.2 80.2 81.7 80.9 81.2 80.9 80.8 83.1 82.0 81.0 81.0 81.8

1999 80.5 80.6 80.0 79.8 80.2 79.4 79.3 79.6 79.0 80.0 80.1 80.3 80.4 79.8 79.3 80.1 79.9

2000 79.9 79.6 79.8 80.0 79.4 79.3 79.0 78.2 78.3 77.9 77.4 76.7 79.8 79.6 78.5 77.3 78.8

2001 76.1 75.6 75.3 75.2 74.6 74.2 74.0 73.6 73.4 72.9 72.7 72.8 75.7 74.7 73.6 72.8 74.2

2002 73.2 73.1 73.7 73.8 74.2 75.1 74.8 74.9 75.0 74.7 75.0 74.6 73.3 74.3 74.9 74.8 74.3

2003 75.0 75.0 75.0 74.3 74.3 74.5 74.6 74.2 74.8 74.8 75.5 75.4 75.0 74.4 74.5 75.2 74.8

2004 75.3 75.9 75.7 76.1 76.8 76.2 77.0 77.3 77.2 78.0 77.9 78.3 75.6 76.4 77.2 78.1 76.8

2005 78.8 79.3 78.7 78.8 79.0 79.0 78.5 78.5 77.4 78.4 78.9 78.8 78.9 78.9 78.1 78.7 78.7

2006 79.3 78.9 78.7 79.0 78.4 78.5 78.1 78.4 78.2 77.8 77.7 78.8 78.9 78.6 78.2 78.1 78.5

2007 78.3 78.4 78.8 79.1 79.1 79.4 79.4 79.0 79.2 78.7 78.8 78.8 78.5 79.2 79.2 78.8 78.9

2008 78.4 77.8 77.5 76.6 76.1 75.7 74.9 74.1 71.6 71.4 70.0 67.8 77.9 76.2 73.6 69.8 74.3

2009 65.8 65.8 64.6 64.1 63.4 63.3 64.4 65.3 65.9 66.1 66.9 66.9 65.4 63.6 65.2 66.6 65.2

2010 67.7 67.6 68.6 69.3 70.5 70.6 71.2 71.4 71.6 71.9 72.0 72.3 68.0 70.1 71.4 72.0 70.4

2011 72.6 72.7 73.3 73.0 73.1 73.2 73.7 73.9 74.2 74.6 74.3 74.7 72.9 73.1 73.9 74.5 73.6

2012 75.3 75.5 74.9 75.3 74.8 74.8 74.7 74.5 74.3 74.0 74.5 75.0 75.2 75.0 74.5 74.5 74.8

2013 74.7 75.1 74.8 74.5 74.7 74.8 74.1 74.8 74.9 75.0 74.9 74.9 74.9 74.7 74.6 74.9 74.8

2014 74.1 74.9 75.4 75.4 75.5 75.8 76.1 75.7 75.8 75.7 76.4 76.2 74.8 75.6 75.9 76.1 75.6

2015 75.8 75.5 75.5 75.6 75.6 75.4 75.9 75.8 75.5 75.6 75.4 75.3 75.6 75.5 75.7 75.4 75.6

2016 75.6 75.6

NOTE: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 2.

2. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

30
Table 12

ANNUAL PROPORTIONS IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY

Item 2008 2009 2010 2011 2012 2013 2014 2015

Total IP 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0

MARKET GROUPS

Final products and nonindustrial supplies 54.6 55.8 53.6 53.0 52.6 51.8 52.8 55.5

Consumer goods 26.2 28.6 27.0 26.7 25.8 25.4 25.6 27.1

Durable 6.0 5.8 5.5 5.3 5.3 5.5 5.8 6.4

Automotive products 2.7 2.7 2.7 2.6 2.5 2.6 2.8 3.2

Home electronics .4 .3 .2 .2 .2 .2 .2 .2

Appliances, furniture, carpeting 1.0 .9 .8 .8 .8 .8 .8 .9

Miscellaneous goods 2.0 1.9 1.9 1.9 1.9 1.9 2.0 2.1

Nondurable 20.2 22.8 21.5 21.3 20.5 20.0 19.8 20.7

Non-energy 16.4 18.3 16.7 16.3 15.8 15.5 16.0 17.3

Foods and tobacco 8.7 10.0 9.3 9.0 8.8 8.9 9.1 9.6

Clothing .4 .3 .3 .3 .3 .2 .2 .3

Chemical products 5.4 5.8 5.2 5.3 5.0 4.7 5.0 5.7

Paper products 1.5 1.6 1.4 1.3 1.3 1.2 1.2 1.3

Energy 3.8 4.5 4.7 5.0 4.8 4.5 3.8 3.4

Business equipment 10.1 9.5 9.4 9.4 10.1 9.9 10.5 11.3

Transit 2.0 1.9 2.1 1.9 2.2 2.4 2.7 3.1

Information processing 2.8 2.7 2.3 2.2 2.3 2.3 2.3 2.5

Industrial and other 5.3 5.0 5.0 5.3 5.5 5.3 5.5 5.8

Defense and space equipment 2.3 2.5 2.6 2.4 2.4 2.3 2.3 2.4

Construction supplies 5.0 4.5 4.3 4.3 4.3 4.5 4.7 5.1

Business supplies 10.2 10.2 9.7 9.5 9.1 8.8 8.9 9.2

Materials 45.4 44.2 46.4 47.0 47.4 48.2 47.2 44.5

Non-energy 27.3 26.3 27.4 27.8 27.6 27.2 27.6 28.6

Durable 16.7 15.0 16.0 16.5 16.6 16.4 17.1 17.8

Consumer parts 2.8 2.3 2.6 2.6 2.8 2.9 3.0 3.3

Equipment parts 5.9 5.4 5.4 5.7 5.6 5.3 5.6 5.9

Other 8.0 7.3 8.0 8.2 8.2 8.2 8.4 8.6

Nondurable 10.6 11.3 11.5 11.3 11.0 10.8 10.5 10.8

Textile .4 .4 .5 .4 .4 .4 .4 .4

Paper 2.2 2.2 2.1 2.0 2.0 2.0 2.0 2.1

Chemical 4.8 5.0 5.5 5.7 5.5 5.3 5.0 5.1

Energy 18.1 17.9 19.0 19.2 19.7 21.0 19.6 15.9

INDUSTRY GROUPS

Manufacturing 76.4 76.3 75.1 74.9 74.6 73.4 74.6 78.5

Manufacturing (NAICS) 31–33 72.8 72.8 72.2 72.1 72.1 71.0 72.1 76.0

Durable manufacturing 39.5 36.8 37.0 37.1 37.7 37.5 39.3 41.8

Wood products 321 1.1 1.0 .9 .9 1.0 1.1 1.2 1.3

Nonmetallic mineral products 327 2.0 1.8 1.6 1.6 1.7 1.8 2.0 2.2

Primary metals 331 2.5 2.2 2.8 2.8 2.6 2.7 2.6 2.4

Fabricated metal products 332 6.1 5.3 5.2 5.5 5.5 5.6 5.8 6.1

Machinery 333 5.4 4.9 5.2 5.7 6.0 5.7 6.0 6.3

Computer and electronic products 334 7.0 6.5 6.2 6.0 5.9 5.4 5.5 5.9

Electrical equip., appliances,

and components 335 2.0 1.9 1.8 1.8 1.8 1.8 1.8 2.0

Motor vehicles and parts 3361–3 4.5 4.0 4.5 4.3 4.6 4.8 5.3 5.9

Aerospace and miscellaneous

transportation equipment 3364–9 4.3 4.7 4.5 4.3 4.5 4.6 5.0 5.3

Furniture and related products 337 1.4 1.1 1.0 1.0 1.1 1.1 1.1 1.2

Miscellaneous 339 3.2 3.4 3.2 3.1 2.9 3.0 3.0 3.2

Nondurable manufacturing 33.3 36.0 35.1 35.0 34.4 33.5 32.9 34.2

Food, beverage, and tobacco products 311,2 10.5 12.2 11.3 10.9 10.6 10.7 10.8 11.4

Textile and product mills 313,4 .8 .7 .7 .7 .7 .7 .7 .7

Apparel and leather 315,6 .4 .3 .3 .3 .3 .3 .3 .3

Paper 322 2.6 2.8 2.7 2.6 2.6 2.6 2.6 2.7

Printing and support 323 1.9 1.8 1.6 1.5 1.5 1.5 1.5 1.6

Petroleum and coal products 324 2.7 3.2 3.6 4.0 3.9 3.4 2.4 1.9

Chemicals 325 11.4 12.0 11.9 12.1 11.8 11.3 11.4 12.2

Plastics and rubber products 326 3.0 3.0 3.0 2.9 3.1 3.1 3.2 3.5

Other manufacturing (non-NAICS) 1133,5111 3.5 3.4 2.9 2.7 2.5 2.4 2.4 2.5

Mining 21 13.8 12.8 14.2 15.0 15.8 16.8 15.2 10.8

Utilities 2211,2 9.8 11.0 10.6 10.2 9.6 9.8 10.2 10.8

Electric 2211 8.6 9.6 9.4 9.0 8.6 8.7 9.1 9.7

Natural gas 2212 1.2 1.3 1.2 1.2 1.1 1.1 1.1 1.0

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 2015 and 2016 would account for a 0.412 percent increase in total IP.

31
Table 13

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY

Seasonally adjusted

2012=100 Percent change

2015 2016 2015 2016 Feb. ’15 to

Industrial production Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rSept.r Oct.r Nov.r Dec.rJan.rFeb.rFeb. ’16

Total index 105.3 105.2 104.5 104.1 104.7 104.2 -.3 -.1 -.7 -.4 .6 -.5 -1.6

Previous estimates 107.5 107.3 106.5 106.0 106.9 106.3 .0 -.1 -.7 -.5 .8 -.5 -1.0

Major market groups

Final Products 101.2 100.9 100.3 100.0 100.9 100.6 -.6 -.3 -.7 -.3 .9 -.4 -.6

Consumer goods 103.4 103.2 102.7 102.5 104.0 103.3 -.5 -.2 -.5 -.2 1.5 -.7 1.0

Business equipment 103.4 102.8 101.6 101.2 101.2 101.8 -.5 -.5 -1.2 -.4 -.1 .6 -1.0

Nonindustrial supplies 105.0 106.1 105.9 105.8 106.2 106.2 -.1 1.0 -.1 -.1 .3 .1 1.1

Construction 107.6 109.6 109.6 109.9 109.4 110.0 -.7 1.9 .0 .3 -.4 .5 2.1

Materials 108.8 108.5 107.6 106.8 107.3 106.4 .0 -.3 -.8 -.7 .5 -.9 -3.3

Major industry groups

Manufacturing (see note below) 103.1 103.4 103.1 103.1 103.5 103.6 -.2 .2 -.3 .0 .4 .1 1.0

Previous estimates 105.8 106.1 105.9 105.6 106.2 106.4 -.1 .3 -.2 -.2 .5 .2 1.8

Mining 115.2 114.4 112.7 110.1 108.7 106.8 -1.1 -.6 -1.5 -2.4 -1.2 -1.8 -10.7

Utilities 104.3 102.3 99.6 97.9 101.8 97.7 .5 -1.9 -2.6 -1.7 4.0 -4.1 -9.9

Capacity

Percent of capacity growth

Average 1988- 1990- 1994- 2008-

1972- 89 91 95 09 2015 2015 2016 Feb. ’15 to

Capacity utilization 2015 high low high low Feb. Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rFeb. ’16

Total industry 80.0 85.3 78.8 85.0 66.7 77.7 76.4 76.3 75.7 75.4 75.8 75.4 1.4

Previous estimates 80.0 85.2 78.8 85.0 66.9 78.4 77.8 77.6 77.0 76.5 77.1 76.7 1.3

Manufacturing (see note below) 78.5 85.6 77.3 84.6 63.8 75.4 75.5 75.6 75.3 75.3 75.5 75.6 .8

Previous estimates 78.5 85.6 77.3 84.6 63.9 75.7 76.0 76.2 76.0 75.7 76.1 76.1 1.2

Mining 87.3 86.2 83.8 88.6 79.0 86.8 81.0 80.4 79.2 77.5 76.7 75.5 2.6

Utilities 85.8 93.2 84.7 93.2 78.2 83.5 80.0 78.5 76.4 75.0 78.0 74.8 .6

Stage-of-process groups

Crude 86.3 87.6 84.5 90.1 77.0 84.5 80.0 79.7 78.8 77.5 77.4 76.5 2.2

Primary and semifinished 80.6 86.5 78.1 87.8 63.8 77.3 76.3 76.3 75.7 75.4 76.0 75.3 .7

Finished 77.0 83.4 77.3 80.6 66.6 75.1 75.4 75.2 74.9 74.8 75.2 75.2 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.

32
EXPLANATORY NOTE

The Industrial Production and Capacity Utilization statistical

release, which is published around the middle of the month, reports

measures of output, capacity, and capacity utilization in

manufacturing, mining, and the electric and gas utilities industries.

More detailed descriptions of industrial production and capacity

utilization are available on the Board’s website at

www.federalreserve.gov/releases/G17. In addition, files containing

data shown in the release, more detailed series that were published in

the G.17 prior to December 2000, and historical data are available

from the Data Download Program on the Board’s website.

Instructions for searching for and downloading specific series are

provided as well.

INDUSTRIAL PRODUCTION

Coverage. The industrial production (IP) index measures the real

output of the manufacturing, mining, and electric and gas utilities

industries; the reference period for the index is 2012. Manufacturing

consists of those industries included in the North American Industry

Classification System, or NAICS, definition of manufacturing plus

those industries–logging and newspaper, periodical, book and

directory publishing–that have traditionally been considered to be

manufacturing and included in the industrial sector. For the period

since 1997, the total IP index has been constructed from 299

individual series based on the 2012 NAICS codes. These individual

series are classified in two ways: (1) market groups, and (2) industry

groups. Market groups consist of products and materials. Total

products are the aggregate of final products, such as consumer goods

and equipment, and nonindustrial supplies (which are inputs to

nonindustrial sectors). Materials are inputs in the manufacture of

products. Major industry groups include three-digit NAICS industries

and aggregates of these industries—for example, durable and

nondurable manufacturing, mining, and utilities. A complete

description of the market and industry structures, including details

regarding series classification, relative importance weights, and data

sources, is available on the Board’s website at

www.federalreserve.gov/releases/G17/About.htm.

Source data. On a monthly basis, the individual indexes of industrial

production are constructed from two main types of source data: (1)

output measured in physical units, and (2) data on inputs to the

production process, from which output is inferred. Data on physical

products, such as tons of steel or barrels of oil, are typically obtained

from private trade associations and from government agencies; data of

this type are used to estimate monthly IP wherever possible and

appropriate. Production indexes for a few industries are derived by

dividing estimated nominal output (calculated using unit production

or sales and unit values) by a corresponding Fisher price index; the

most notable of these fall within the high-technology grouping and

include semiconductors. When suitable data on physical product are

not available, estimates of output are based on production-worker

hours by industry. Data on hours worked by production workers are

collected in the monthly establishment survey conducted by the

Bureau of Labor Statistics. The factors used to convert inputs into

estimates of production are based on historical relationships between

the inputs and the comprehensive annual data used to benchmark the

IP indexes; these factors also may be influenced by technological or

cyclical developments. The annual data used in benchmarking the

individual IP indexes are constructed from a variety of source data,

such as the quinquennial Censuses of Manufactures and Mineral

Industries and the Annual Survey of Manufactures, prepared by the

Bureau of the Census; the Minerals Yearbook, prepared by the U.S.

Geological Survey of the Department of the Interior; and publications

of the Department of Energy.

Aggregation Methodology and Weights. The aggregation method

for the IP index is a version of the Fisher-ideal index formula. (For a

detailed discussion of the aggregation method, see The Federal

Reserve Bulletin February 1997 and March 2001.) In the IP index,

series that measure the output of an individual industry are combined

using weights derived from their proportion in the total value-added

output of all industries. The IP index, which extends back to 1919, is

built as a chain-type index since 1972. The current formula for the

growth in monthly IP (or any of the sub-aggregates) since 1972 is the

geometric mean of the change in output (I), and, as can be seen

below, is computed using the unit value added estimate for the current

month (pm) and the estimate for previous month:

I

A

m

I

A

m−1

=

s P

P

Impm−1

Im−1pm−1

×

P

P

Impm

Im−1pm

The IP proportions (typically shown in the first column of the relevant

tables in the monthly G.17 release) are estimates of the industries’

relative contributions to overall growth in the following year. For

example, the relative importance weight of the motor vehicles and

parts industry is about 6 percent. If output in this industry increased

10 percent in a month, then this gain would boost growth in total IP

by 6/10 percentage point (0.06 x 10% = 0.6%). To assist users with

calculations, the Federal Reserve’s website provides supplemental

monthly statistics that represent the exact proportionate contribution

of a monthly change in a component index to the monthly change in

the total index (www.federalreserve.gov/

releases/G17/ipdisk/ipweightssa.txt).

Timing. The first estimate of output for a month is published around

the 15th of the following month. The estimate is preliminary (denoted

by the superscript “p” in tables) and subject to revision in each of the

subsequent five months as new source data become available.

(Revised estimates are denoted by the superscript “r” in tables.) For

the first estimate of output for a given month, about 73 percent of the

source data (in value-added terms) are available; the fraction of

available source data increases to 87 percent for estimates in the

second month that the estimate is published, 94 percent in the third

month, 97 percent in the fourth month, 99 percent in the fifth month,

and 99 percent in the sixth month. Data availability by data type in

early 2016 is summarized in the table below:

Availability of Monthly IP Data in Publication Window

(Percent of value added in 2015; the numbers may not sum because of

rounding.)

Month of estimate

Type of data 1st 2nd 3rd 4th 5th 6th

Physical product 31 45 52 55 56 56

Production-worker hours 42 42 42 42 42 42

IP data received 73 87 94 97 99 99

IP data estimated 27 13 6 3 1 1

The physical product group includes series based on either monthly or

quarterly data. As can be seen in the first row of the table, in the first

month, a physical product indicator is available for about one-half of

the series (in terms of value added) that ultimately are based on

physical product data (31 percent out of a total of 56 percent). Of the

31 percent, about three-fourths (23 percent of total IP) include series

that are derived from weekly physical product data and for which

actual monthly data may lag up to several months. On average,

quarterly product data are received for the fourth estimate of industrial

production. Specifically, quarterly data are available for the third

estimate of the last month of a quarter, the fourth estimate of the

second month of a quarter, and the fifth estimate of the first month of

a quarter.

Seasonal adjustment. Individual series are seasonally adjusted using

Census X-12 ARIMA. For series based on production-worker hours,

the current seasonal factors were estimated with data through January

2016; for other series, the factors were estimated with data through at

least December 2015. Series are pre-adjusted for the effects of

holidays or the business cycle when appropriate. For the data since

1972, all seasonally adjusted aggregate indexes are calculated by

aggregating the seasonally adjusted indexes of the individual series.

Additional documentation and X-12 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

0.27 percent during the 1987–2015 period. The average revision to

the percent change in total IP, without regard to sign, from the first to

the fourth estimates was 0.21 percentage point during the 1987–2015

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period. In most cases (about 85 percent), the direction of the change

in output indicated by the first estimate for a given month is the same

as that shown by the fourth estimate.

Rounding. The published percent changes are calculated from

unrounded indexes, and may not be the same as percent changes

calculated from the rounded indexes shown in the release.

CAPACITY UTILIZATION

Overview. The Federal Reserve Board constructs estimates of

capacity and capacity utilization for industries in manufacturing,

mining, and electric and gas utilities. For a given industry, the

capacity utilization rate is equal to an output index (seasonally

adjusted) divided by a capacity index. The Federal Reserve Board’s

capacity indexes attempt to capture the concept of sustainable

maximum output—the greatest level of output a plant can maintain

within the framework of a realistic work schedule, after factoring in

normal downtime and assuming sufficient availability of inputs to

operate the capital in place.

Coverage. Capacity indexes are constructed for 89 detailed industries

(71 in manufacturing, 16 in mining, and 2 in utilities), which mostly

correspond to industries at the three- and four-digit NAICS level.

Estimates of capacity and utilization are available for a variety of

groups, including durable and nondurable manufacturing, total

manufacturing, mining, utilities, and total industry. Manufacturing

consists of those industries included in the North American Industry

Classification System, or NAICS, definition of manufacturing plus

those industries—logging and newspaper, periodical, book and

directory publishing—that have traditionally been considered to be

manufacturing and included in the industrial sector. Also, special

aggregates are available, such as high-technology industries and

manufacturing excluding high-technology industries.

Source Data. The monthly rates of capacity utilization are designed

to be consistent with both the monthly data on production and the

periodically available data on capacity and utilization. Because there

is no direct monthly information on overall industrial capacity or

utilization rates, the Federal Reserve first estimates annual capacity

indexes from the source data. Capacity data reported in physical units

from government sources (primarily from the U.S. Geological Survey

and the Department of Energy’s Energy Information Administration)

and trade sources are available for portions of several industries in

manufacturing (for example, paper, industrial chemicals, petroleum

refining, motor vehicles), as well as for electric utilities and mining;

these industries represent about 25 percent of total industrial capacity.

When physical product data are unavailable for manufacturing

industries, capacity indexes are based on responses to the Bureau of

the Census’s Quarterly Survey of Plant Capacity (QSPC); these

industries account for about 65 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 10

percent of total industry capacity). A detailed description of the

methodology used to construct the capacity indexes is available on the

Board’s website

(www.federalreserve.gov/releases/G17/CapNotes.htm).

Aggregation Methodology. Monthly capacity aggregates are

calculated in three steps: (1) utilization aggregates are calculated on

an annual basis through the most recent full year as capacity-weighted

aggregates of individual utilization rates; (2) the annual aggregate

capacity is derived from the corresponding production and utilization

aggregates; (3) the monthly capacity aggregate is obtained by

interpolating with a Fisher index of its constituent monthly capacity

series. Utilization rates for the individual series and aggregates are

calculated by dividing the pertinent monthly production index by the

related capacity index.

Consistency. A major aim is that the Federal Reserve utilization rates

be consistent over time so that, for example, a rate of 85 percent

means about the same degree of tightness that it meant in the past. A

major task for the Federal Reserve in developing reasonable and

consistent time series of capacity and utilization is dealing with

inconsistencies between the movements of the industrial production

index and the survey-based utilization rates. The McGraw-Hill/DRI

Survey, now discontinued, was the primary source of manufacturing

utilization rates for many years. This survey of large companies

reported, on average, higher utilization rates than those reported by

establishments covered by the annual Survey of Plant Capacity (the

primary source of factory operating rates through 2006, after which it

was discontinued) for the fourteen years they overlapped.

Adjustments have been made to keep the industry utilization rates

currently reported by the Federal Reserve (now based on the QSPC)

roughly in line with rates formerly reported by McGraw-Hill. As a

consequence, the rates reported by the Federal Reserve tend to be

higher than the rates reported in the Census utilization surveys.

Perspective. Over the 1972–2015 period, the average total industry

utilization rate was 80.0 percent; for manufacturing, the average

factory operating rate was 78.5 percent. Industrial plants usually

operate at capacity utilization rates that are well below 100 percent:

none of the broad aggregates has ever reached 100 percent. For total

industry and total manufacturing, utilization rates have exceeded 90

percent only in wartime. The highs and lows in capacity utilization

are specific to each series and do not all occur in the same month.

REFERENCES AND RELEASE DATES

References. The release for the annual revision that was published on

July 21, 2015, is available on the Board’s website (www.federal

reserve.gov/releases/g17/revisions/20150721/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.151-76. A

description of the aggregation methods for industrial production and

capacity utilization is included in an article in the Federal Reserve

Bulletin, vol. 83 (February 1997), pp. 67-92. The Federal Reserve

methodology for constructing industry-level measures of capital is

detailed in “Capital Stock Estimates for Manufacturing Industries:

Methods and Data” by Mike Mohr and Charles Gilbert (1996), which

can be obtained at

www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.

Industrial Production—1986 Edition contains a more detailed

description of the other methods used to compile the industrial

production index, plus a history of its development, a glossary of

terms, and a bibliography. The major revisions to the IP indexes and

capacity utilization since 1990 have been described in the Federal

Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,

January 1995, January 1996, February 1997, February 1998, January

1999, March 2000, March 2001, March 2002, April 2003, Winter

2004, Winter 2005).

Release Schedule

On the day the G.17 is released, it is published at 9:15 a.m., the

publication schedule for 2016 is January 15, February 17, March 16,

April 15, May 17, June 15, July 15, August 16, September 15,

October 17, November 16, and December 14.

This release schedule is available on the Board’s website at

http://www.federalreserve.gov/releases/g17.

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