FEDERAL RESERVE statistical release

G.17 (419) 2011 Historical and Annual Revision For release at 12:00 noon (EDT)

March 25, 2011

Industrial Production and Capacity Utilization: The 2011 Annual Revision

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

capacity and capacity utilization. Although the revisions affect these data for January 1972 through February

2011, the most significant effects are for the period from 2008 through 2010. Measured from fourth quarter to

fourth quarter, total IP is now reported to have declined 1.4 percentage points and 1.7 percentage points more

sharply in 2008 and in 2009, respectively, and to have risen 0.5 percentage point more rapidly in 2010. That said,

the broad contour of total IP in recent years is similar to previous estimates, and the dates of the recent peak

(September 2007) and the recent trough (June 2009) are unchanged from the earlier estimates. However, the

peak-to-trough decline in total IP, at 17.1 percent, is 2.0 percentage points larger than previously estimated. As

of February 2011, total IP is now shown to have reversed about 55 percent of its peak-to-trough decline,

somewhat less than previously reported.

The revised IP indexes incorporate detailed data from the U.S. Census Bureau’s 2009 Annual Survey of

Manufactures (ASM), which showed a lower level of annual output than had been previously estimated. In

addition to the 2009 ASM, data from selected editions of the Census Bureau’s 2009 Current Industrial Reports

and annual data from the U.S. Geological Survey regarding metallic and nonmetallic minerals (except fuels) for

2009 were used in the revised estimates. The monthly estimates of production were updated to incorporate

late-arriving or revised monthly indicator data (either product data or input data), and they also reflect

recalculations of seasonal factors.

The revisions show that the rate of capacity utilization for total industry was about 3/4 percentage point

lower than previously estimated in the fourth quarters of 2008 and 2009, as downward revisions to IP were only

partly mirrored by downward revisions to estimates of industrial capacity. In contrast, overall capacity utilization

in the fourth quarter of 2010, at 76.2 percent, was 0.6 percentage point higher than previously reported.

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

Quarterly Survey of Plant Capacity for the fourth quarter of 2010, which covered the manufacturing sector, along

with new data on capacity in the energy and mining sectors from the U.S. Geological Survey, the Department of

Energy, and other organizations.

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 utilization for January 1981

through February 2011, along with the percentage changes in total IP. Tables 2 through 4 show the revised rates

of change in IP from 2006 through 2010 for market groups, industry groups, special aggregates, and selected

detail. Table 5 presents the revised rates of change in capacity by industry groups for the 2006–10 period. Tables

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

contains the revised capacity utilization rates for the final quarters of 2007 through 2010 and the differences

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

1
production for 2006 through 2010. Table 8 contains revised capacity utilization rates for the second and fourth

quarters of 2006 through 2010. Tables 9A, 9B, 10A, 10B, 11A, and 11B report the revised production, capacity,

and utilization series for total 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 2003 through 2010. Table 13 reports revised IP indexes and capacity utilization

rates for the major market and industry groups for the most recent six months. Table 14 shows price indexes for

data networking equipment.

Industrial Production

The changes in total IP were revised down for 2008 and 2009 (table 2), but the overall contour for IP

during recent years was little changed—moderate gains in 2006 and 2007 are still followed by a steep drop in the

index in 2008 and in the first half of 2009; the index still shows a solid gain in the second half of 2009 and in

2010.1

Production by Industry Group

Manufacturing production expanded in 2006 and 2007 before contracting sharply in 2008 and in the first

half of 2009; the gain in factory output in the second half of 2009 and in 2010 was nearly equivalent to its

decline in the first half of 2009.2 The drop in 2008 was widespread, as output fell for all major manufacturing

industries; for most of these industries, the current estimates show steeper declines than were previously

reported. The net decline in manufacturing for 2009 as a whole was also broadly based, and the current estimates

show larger drops than those reported earlier. For durable goods industries as a whole, output posted a modest

gain in 2006 and rose solidly in 2007; the increase over this period was revised up on balance. Durable goods

output fell sharply in 2008 and 2009, and those declines are now reported to have been even steeper than

previously estimated. For 2010, the production of durable goods moved up strongly, and the gain is now reported

to have been a little stronger than the previous estimate. All major categories of durables posted increases in

2010, and, with only two exceptions (machinery, and computer and electronic products), these gains are now

reported to have been faster than stated earlier.

Production in nondurable manufacturing industries advanced in 2006 and was little changed in 2007

before falling markedly in 2008 and then moving down modestly in the first half of 2009. Beginning in the

second half of 2009, the output of nondurables advanced moderately; by the end of 2010, output was about

6 percent above the level at its 2009 trough but 9 percent below its 2007 level. The rates of change in nondurable

production in 2006 and 2007 are nearly identical to previous reports, while the declines for 2008 and for 2009 as

a whole are now reported to have been more steep. For the 2008–09 period, the downward revision was

concentrated in the indexes for chemicals, for apparel and leather, and for textile and product mills. The

bounceback in the output of nondurables in 2010 is a bit stronger than reported earlier.

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 each year from 2006 through 2010. The

declines are now reported to have been somewhat smaller in 2006, 2009, and 2010 but notably larger in 2007 and

2008. The index for mining moved up strongly in 2006, posted a much smaller gain in 2007, edged down in

2008, fell substantially in 2009, and then jumped in 2010. On net, the revisions to mining output show rates of

change in 2006 and 2009 that are lower than previously reported and a gain in 2010 that is higher. The index for

utilities is nearly unchanged from previous estimates, with the exception of 2010, which now shows a stronger

gain than reported earlier.

1

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

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

2Manufacturing consists of those industries in the North American Industry Classification System definition of manufacturing, plus those industries—logging and

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

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

communications equipment, and semiconductors and related electronic components—were revised modestly, on

net, over the 2006–10 period (table 3). Output in the high-technology sector is still reported to have posted

robust gains in 2006 and 2007, followed by a decline in 2008. The output of high-technology industries turned

up in 2009 and advanced further in 2010. The index for computers and peripheral equipment moved up in each

year from 2006 through 2010, except in 2008, when it fell slightly. Relative to earlier estimates, production of

computers in 2009 is now considerably stronger; revisions in other recent years are, on net, positive but much

smaller. The index for communications equipment recorded a strong gain in 2006, but it fell substantially in

2007 and slipped more in 2008; the index was little changed in 2009 and advanced in 2010. The rates of change

for communications equipment are now reported to have been weaker in each year from 2006 through 2010. The

output of semiconductors and related electronic components moved up in 2006, 2007, 2009, and 2010 but moved

down in 2008; the gain in 2007 was especially strong. These revisions over the 2006–10 period were fairly small,

and the gains in 2009 and 2010 are now tempered relative to earlier estimates.

Production by Market Group

The production index for final products and nonindustrial supplies (table 2) posted modest gains in 2006

and 2007 and then fell markedly in 2008 and 2009 before reversing course in 2010. The declines in 2008 and

2009 are steeper than previously reported, and the gain in 2010 is now slightly larger than before.

The production of consumer goods edged higher in 2006 and fell a bit in 2007; it then moved down

significantly in 2008 and declined further in 2009. The index moved up in 2010. Compared with previous

estimates, output was revised down noticeably in 2008 and 2009; the revisions in other recent years were much

smaller. The output of durable consumer goods was little changed, on net, from 2006 through 2007, then

dropped steeply in 2008 and declined moderately in 2009; it posted a sizable gain in 2010. Overall revisions

were small for the 2006–10 period. Among durable consumer goods, the revised index for automotive products

declined sharply in 2008, although by less than reported earlier, and the rebound in 2009 is now larger than

before. The index posted a solid gain in 2010. The index for appliances, furniture, and carpeting registered

moderate declines in 2006 and 2007 but then tumbled in 2008 and 2009 before moving up somewhat last year.

The declines in 2008 and 2009 are now even bigger than reported earlier.

The index for consumer nondurables rose modestly in 2006 and then declined in each of the next three

years before moving up in 2010. Relative to earlier reports, the declines are now steeper. The rates of change in

the index for consumer nondurable non-energy goods display a similar pattern; the index was little revised in

2006 and 2007, was revised down in 2008 and 2009, and was revised up in 2010. The largest revision occurred

in the production of clothing, which is now shown to have fallen substantially more steeply, on net, for 2006

through 2009. The index for consumer energy products posted gains from 2006 through 2008 and did so again in

2010, but it was little changed in 2009.

The production of business equipment increased strongly in 2006, rose modestly in 2007, fell sharply in

2008 and again in 2009, and then moved up significantly in 2010. Relative to previous estimates, the declines in

the index were steeper in 2008 and 2009; on net, the revisions to other recent years were small. Among its

components, the output index for transit equipment rose solidly in 2006 and 2007 before plummeting in 2008;

the drop in 2008 was due partly to weakness in the motor vehicle industry and partly to a strike at a major

aircraft producer in the second half of that year. Production advanced markedly in 2009 and 2010, and both

estimates—especially the one for 2010—are stronger than reported earlier. The production of information

processing equipment expanded in each year from 2006 through 2010, except in 2008, when it posted a modest

decline; on net, the rates of change for this market group were revised down. The production of defense and

space equipment is now estimated to have risen every year in the 2006–10 period. The rates of change are now

3
noticeably stronger in 2007, 2008, and 2010, and they are moderately weaker in 2006 and 2009.

The output of construction supplies fell modestly in 2006 and 2007 and declined very steeply in 2008 and

2009; in 2010, the index recovered some of the heavy losses from earlier years. Relative to previous estimates,

the decreases in 2008 and 2009 are now even greater than reported earlier, and the gain in 2010 is stronger. The

production of business supplies rose modestly in 2006 and 2007, tumbled in 2008 and 2009, and then moved up

somewhat in 2010. The revisions in this category were relatively small in most years.

The index for materials posted gains in 2006 and 2007 before falling over the next two years and then

turning back up again last year. The revisions to the change in output of materials show larger drops in 2008 and

2009, and larger gains in 2007 and 2010, than were reported earlier. Up through 2008, the indexes for durable

and nondurable materials show similar patterns: Moderate gains in 2006 and 2007 were followed by steep

declines in 2008. In 2009, the output of durable materials continued to contract sharply, but then it rebounded

strongly in 2010. The production of nondurable materials was unchanged in 2009 and rose moderately in 2010.

Revisions to the indexes for durable and nondurable materials show similar patterns in recent years; most

notably, the rates of change for both indexes are lower in 2008, and especially in 2009, than reported earlier. The

index for energy materials moved up in 2006 and 2007, declined modestly in 2008 and 2009, and increased

sharply in 2010. On net, revisions over the 2006–10 period were negative.

Capacity

Total industrial capacity edged up in 2008 and then declined noticeably in 2009 and 2010 (table 5);

capacity was previously estimated to have increased moderately through 2009 and to have edged down in 2010.

For 2011, capacity is still expected to increase 1.1 percent. Manufacturing capacity contracted in 2008, 2009,

and 2010, and the rates of change for all three years were revised down between 1 and 2 percentage points. From

the fourth quarter of 2007 to the fourth quarter of 2010, manufacturing capacity shrank 5.4 percent; previously,

capacity was reported to have decreased 0.8 percent, on net, over this period. In 2011, capacity in the

manufacturing sector is expected to expand 0.9 percent, slightly stronger than the earlier estimate.

Capacity for the selected high-technology industries expanded somewhat more slowly than previously

reported, on net, through 2010, but an upward revision to the rate of change of this measure for 2011 leaves the

level of capacity in the fourth quarter of this year little different from the earlier estimate. In the motor vehicle

and parts sector, revisions generally left the level of capacity a little higher in recent years than previously

reported, though the revised contour of capacity is broadly similar; in particular, after declining nearly 12 percent

from 2006 through 2010, capacity is expected to turn up and increase 2.4 percent in 2011. Excluding the selected

high-technology industries and motor vehicles and parts, durable manufacturing capacity fell in each year from

2008 through 2011; the revised contour is noticeably weaker than the earlier estimates, in which capacity

expanded slightly in 2008, fell less rapidly in 2009 and 2010, and was roughly flat in 2011. Nondurable

manufacturing capacity is now estimated to have edged down, rather than to have increased, in 2008 and to have

contracted more rapidly in 2009 and 2010; in 2011, capacity is now expected to edge up 0.3 percent rather than

advance 1.1 percent.

Capacity at mines expanded from 2007 through 2009 and decreased in 2010; in 2011, the expected

increase in capacity more than reverses the decline from the previous year. The gains in 2008 and 2009 are

stronger than previously published, while the estimates for 2010 now show a decline rather than no change. Oil

and gas extraction capacity steadily increased from 2008 through 2011, while mining capacity elsewhere

decreased in every year except 2011, when a small gain is expected. Capacity at electric and natural gas utilities

is still estimated to have increased steadily over the 2008–10 period; a downward revision to the rate of change in

2009 is offset by an upward revision in 2010 that leaves the level of capacity in the fourth quarter of 2010

essentially unrevised. In 2011, capacity rises less rapidly than previously projected.

4
By stage of processing, capacity in the crude stage rose in 2008 and 2009 despite a sharp downward

revision in 2009; the decline in 2010 and subsequent reversal in 2011 are both only slightly weaker than in the

earlier estimates. In contrast, capacity at the primary and semifinished stages shrunk more substantially in 2009

and 2010 than previously reported, and the small gains in 2008 and 2011 have been reduced somewhat. At the

finished stage, capacity is now estimated to have declined in each year from 2008 through 2010; capacity at this

stage was previously estimated to have increased in 2008 and 2010. In 2011, capacity at the finished stage is

projected to post a solid increase.

Capacity Utilization

In 2007, the rate of capacity utilization for total industry, at 81.1 percent, was 0.7 percentage point above

its long-run (1972 through 2010) average of 80.4 percent (table 6).3 Utilization rates plunged in 2008 and in the

first half of 2009, reaching a trough of 67.3 percent in June of that year, before increasing steadily through the

end of 2010. Despite these gains, the level in the fourth quarter of 2010, at 76.2 percent, was still 4.2 percentage

points below its long-run average. The rate of capacity utilization for total industry was revised down about 3/4

percentage point in 2008 and 2009 but was revised up 0.6 percentage point in 2010.

In manufacturing, the rate of utilization in 2007 was revised down 0.1 percentage point to 79.0 percent, a

rate equal to its long-run average. The factory operating rate was revised down 0.8 percentage point in 2008 and

1.1 percentage points in 2009. In particular, the level of the factory operating rate at the June 2009 trough of the

recent recession was revised down 1.0 percentage point to 64.4 percent, the lowest level in the history of the

series, which begins in 1948. For 2010, the factory operating rate was revised up 0.4 percentage point to

73.4 percent. The rates of capacity utilization for durable manufacturing were revised down in each year from

2008 through 2010, while the rates for nondurable manufacturing were revised down in 2007 and 2008 but were

revised up in 2009 and 2010.

As of the fourth quarter of 2010, most major manufacturing industry groups were operating at rates

below—and in some cases, far below—their industry-specific long-run averages. In particular, the utilization

rates for several industries—textile and product mills, wood products, printing and related support activities, and

nonmetallic mineral products—were more than 15 percentage points below their long-run averages. The handful

of industries that were operating at rates above their long-run averages included computers and peripheral

equipment, communications equipment, and miscellaneous manufacturing.

Capacity utilization in mining was above its long-run average in 2006 through 2008, fell below its

long-run average in 2009, and then moved up noticeably in 2010. Relative to the earlier estimates, the utilization

rate for overall mining was revised up somewhat in 2007, down a little in 2008, and down more noticeably in

2009. In 2010, the utilization rate for mining stood at 89.1 percent, a rate 0.2 percentage point higher than

previously reported and 1.7 percentage points above its long-run average. At electric and natural gas utilities, the

rate of capacity utilization was revised up in 2009 and 2010 but down a little in 2008. The rate of utilization at

electric and natural gas utilities stood at 81.3 percent in 2010, a rate 5.3 percent below its long-run average of

86.6 percent.

TECHNICAL ASPECTS OF THE REVISION

This revision incorporated new comprehensive data from the 2009 ASM and revised data from the 2008

ASM for manufacturing production. Revised price indexes from the Bureau of Economic Analysis (BEA) and

updated price indexes constructed by the Federal Reserve for a few selected industries were also incorporated.4

3Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the reference year.

4Price indexes for pharmaceuticals (NAICS 325412), for semiconductors (NAICS 334413), and for most components of communications equipment (NAICS 3342)

are constructed by the Federal Reserve from alternative sources. A table that lists annual and quarterly price indexes for the networking equipment component of

communications equipment follows the text.

5
In addition, the updated production indexes include revisions to the measures of employment and

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

Statistics. The benchmark indexes for logging and publishing (included in the IP index for manufacturing but no

longer included in manufacturing under NAICS) were updated through 2009 based on data from the U.S. Forest

Service and the Census Bureau.

The revised IP indexes incorporated information from selected Current Industrial Reports for 2010, the

Quarterly Survey of Plant Capacity for 2010, and other annual industry reports. The indexes also incorporated

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

Annual Benchmark Output Indexes

The annual benchmark indexes—defined for each six-digit NAICS industry as nominal gross output

divided by a price index—were updated to include new as well as revised information from the 2008 and 2009

ASMs. Industrial production and capacity utilization are structured to follow a single industry classification

system, currently 2002 NAICS, from 1972 forward. For the purposes of maintaining a consistent benchmark

time series, data from the 2007 Economic Census and the 2008 and 2009 ASMs, originally classified based on

the 2007 NAICS, were transformed to the 2002 NAICS system using data from tables on product shipments by

industry from the 2002 Economic Census.5 The Census Bureau plans to issue bridge tables providing a more

precise allocation of the data from the 2007 Economic Census into the 2002 NAICS.

Since 2003, the ASM has not included separate data for every six-digit manufacturing industry; data for

some industries were included only as part of a larger group of industries. For 2003 through 2006, the IP

benchmark indexes were calculated by allocating the data from these combined industries to their six-digit

components based on each component’s share of the total in both the 2002 and 2007 Economic Censuses. Data

from the 2008 and 2009 ASMs were allocated to the component six-digit industries based on shares solely from

the 2007 Economic Census.

The deflators for the IP benchmarks primarily reflect industry shipments deflators issued by the BEA in

December 2010.

Changes to Individual Production and Capacity Series

Very few production indicators were affected by methodological changes in this revision.

Computers

This revision updates the methods used to calculate four IP series for computers (business desktop

computers, consumer desktop computers, business mobile computers, and consumer mobile computers). These

four IP series are all components of NAICS 334111. The source data for computers come from IDC and measure

quarterly domestic absorption of computers. Up through the third quarter of 2009, the Federal Reserve received

detailed information on the absorption of desktop and mobile computers by businesses and by consumers.

Beginning with the fourth quarter of 2009, the Federal Reserve acquired information on absorption of only total

desktops and total mobiles but did not acquire detailed information on the business and consumer components

for these platforms.

This revision adopted a new method of calculating the share of total desktops (or mobiles) that should be

attributed to business absorption and the share that should be attributed to consumer absorption. Data from the

5The 2007 NAICS included about a dozen six-digit manufacturing industries that had different coverage than they did in the 2002 NAICS. One industry included in

the 2002 NAICS, Laboratory apparatus and furniture manufacturing (NAICS 339111), was eliminated; its various componenets were distributed among seven different

six-digit industries in the 2007 NAICS.

6
BEA’s national income and product accounts for consumer and business spending on computers are used to

extend the business and consumer shares of computer output beyond the end of the IDC data. A strong historical

relationship exists between the business and consumer splits in the IDC data and the ratio of personal

consumption expenditures on computers to business expenditures on computers.

Series Switched from Using Product Data to Using Production-Worker Hours

Product data used as an indicator for the output of aluminum foundries (NAICS 331521,4) have been

discontinued. This revision replaces the discontinued data with production-worker hours from 2007 to the

present.

Weights for Aggregation

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

measures from the Census of Manufactures and the ASM. The Federal Reserve derives estimates of value added

for the electric and gas utility industries from annual revenue and expense data issued by other organizations.

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

prices for the period after 2009. Table 12 shows the annual value-added proportions in the IP index from 2003

through 2010.

Revised Quarterly and Monthly Data

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

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

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

Revised Seasonal Factors

Seasonal factors for all series were reestimated using data that extend into 2011. Factors for

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

data through January 2011. The updated factors for the physical product series, which include adjustments for

holiday and workday patterns, used data through December 2010 where available. Seasonal factors for unit

motor vehicle assemblies have been updated, and projections through June 2011 are on the Board’s website at

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

7
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. Further information on these revisions is available from the Board’s Industrial Output

Section (telephone 202-452-3197).

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

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

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

An expanded version of this release will be published in a forthcoming report that will be

available on the Board’s website.

8
1. Total industrial production, capacity, and utilization

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

 Research (NBER). 

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

 55

 60

 65

 70

 75

 80

 90

100

110

120

130

Capacity

Production

Revised

Earlier

Ratio scale, 2007 output = 100

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

62

66

70

74

78

82

86

Utilization

Percent of capacity

9
2. Manufacturing industrial production, capacity, and utilization

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

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

 industries--logging and newspaper, periodical, book, and directory publishing--that have traditionally been considered to 

 be manufacturing and included in the industrial sector.

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

 50

 55

 60

 65

 70

 80

 90

100

110

120

130

Capacity

Production

Revised

Earlier

Ratio scale, 2007 output = 100

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

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

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

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

 55

 60

 65

 70

 75

 80

 85

 90

 95

100

105

Excluding

high-technology

industries

Total IP

 Industrial production Ratio scale, 2007 output = 100 

1990 1995 2000 2005 2010

 50

 60

 70

 80

 90

100

High-technology

industries

Excluding

high-technology

industries

 Capacity utilization Percent of capacity 

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

-20

-15

-10

 -5

 0

 5

 10

 15

Total IP

Excluding the

contribution

of high-technology

industries

 Industrial production Percent change from year earlier 

2002 2004 2006 2008 2010

 20

 40

 60

 80

100

150

200

Computers

Communications eq.

Semiconductors

 Industrial production Ratio scale, 2007 = 100 

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

4. Consumer goods

Ratio scale, 2007 output = 100

 60

 70

 80

 90

100

110

Revised

Earlier

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

Components of consumer goods Ratio scale, 2007 output = 100

 45

 65

 85

105

125

Durable

Nondurable

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

Revised durable

Revised nondurable

Earlier

Detail: 2008 to present

85

90

95

100

105

2008 2009 2010 2011

Detail: 2008 to present

65

70

75

80

85

90

95

100

105

110

115

2008 2009 2010 2011

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

5. Equipment

Total Ratio scale, 2007 output = 100

 30

 50

 70

 90

110

130

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

homes.

Revised

Earlier

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

Business Ratio scale, 2007 output = 100

 20

 40

 60

 80

100

120

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

Defense and space Ratio scale, 2007 output = 100

 60

 80

100

120

140

160

Defense and space

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

Detail: 2008 to present

 75

 85

 95

105

115

2008 2009 2010 2011

Detail: 2008 to present

 75

 85

 95

105

115

2008 2009 2010 2011

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

6. Nonindustrial supplies

Ratio scale, 2007 output = 100

 50

 70

 90

110

Revised

Earlier

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

Construction supplies Ratio scale, 2007 output = 100

 50

 70

 90

110

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

Business supplies Ratio scale, 2007 output = 100

 50

 70

 90

110

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

Detail: 2008 to present

 75

 80

 85

 90

 95

100

105

2008 2009 2010 2011

Detail: 2008 to present

 65

 70

 75

 80

 85

 90

 95

100

105

2008 2009 2010 2011

Detail: 2008 to present

 80

 85

 90

 95

100

105

2008 2009 2010 2011

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

7. Industrial materials

Ratio scale, 2007 output = 100

 50

 70

 90

110

Revised

Earlier

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

Components of industrial materials Ratio scale, 2007 output = 100

 40

 60

 80

100

120

Energy

Non-energy

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

Detail: 2008 to present

80

85

90

95

100

105

2008 2009 2010 2011

Detail: 2008 to present

 75

 80

 85

 90

 95

100

105

110

2008 2009 2010 2011

15
8. Capacity utilization by stage of process

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

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

 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

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

60

65

70

75

80

85

90

Finished processing

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)

1981 -.6 -.5 .5 -.4 .6 .5 .6 .0 -.6 -.7 -1.1 -1.1 1.0 1.3 3.8 -8.5 1.3

1982 -2.0 2.0 -.7 -.9 -.6 -.3 -.3 -.8 -.4 -.8 -.4 -.7 -7.9 -4.9 -5.5 -7.2 -5.2

1983 1.9 -.6 .8 1.2 .7 .5 1.5 1.1 1.5 .8 .3 .5 4.7 9.2 14.3 10.7 2.8

1984 2.0 .5 .5 .6 .5 .3 .3 .1 -.2 -.1 .4 .1 12.4 6.3 2.9 .3 8.9

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

1986 .5 -.7 -.6 .1 .2 -.3 .6 -.2 .2 .5 .5 .9 2.3 -2.3 1.6 4.6 1.0

1987 -.3 1.3 .2 .6 .7 .5 .6 .7 .3 1.5 .5 .5 5.4 7.3 7.3 10.2 5.2

1988 .1 .4 .2 .5 -.1 .2 .1 .5 -.4 .5 .2 .4 3.6 3.4 1.8 2.8 5.2

1989 .3 -.4 .3 .0 -.7 .1 -1.0 .9 -.3 -.1 .3 .6 1.7 -1.4 -2.6 1.6 .9

1990 -.6 .9 .5 -.1 .2 .3 -.1 .2 .2 -.8 -1.2 -.7 2.9 3.0 1.7 -6.2 1.0

1991 -.4 -.7 -.5 .2 1.0 1.0 .0 .1 .9 -.2 -.1 -.3 -7.4 2.5 5.5 .8 -1.5

1992 -.6 .8 .8 .7 .3 .0 .9 -.5 .2 .7 .4 .0 -.4 7.2 2.9 4.1 2.8

1993 .5 .4 .0 .3 -.4 .2 .3 .0 .5 .7 .4 .5 3.6 1.0 2.0 6.1 3.3

1994 .4 .0 1.0 .5 .5 .7 .2 .6 .2 .8 .6 1.1 5.2 7.4 5.1 8.2 5.3

1995 .3 .0 .2 -.1 .2 .3 -.4 1.3 .3 -.2 .2 .4 5.1 1.2 3.7 3.0 4.7

1996 -.6 1.6 -.1 .8 .7 .9 -.1 .6 .5 .0 .8 .6 3.0 8.5 5.4 5.4 4.4

1997 .1 1.2 .8 .0 .7 .5 .6 1.3 .9 .7 .9 .4 7.8 6.5 9.6 10.1 7.2

1998 .5 .1 .1 .4 .7 -.6 -.4 2.2 -.3 .8 -.1 .3 4.4 2.9 3.0 5.7 5.8

1999 .4 .4 .2 .2 .8 -.1 .7 .4 -.3 1.3 .5 .8 3.8 3.9 4.1 7.5 4.3

2000 .1 .4 .4 .6 .1 .1 -.3 -.2 .5 -.4 .0 -.3 4.7 4.5 -.6 -1.1 4.0

2001 -.7 -.6 -.3 -.2 -.7 -.6 -.5 -.3 -.4 -.5 -.5 .0 -5.5 -5.2 -5.7 -4.7 -3.4

2002 .6 .0 .8 .4 .6 .9 -.3 .2 .1 -.4 .5 -.5 2.8 6.7 2.6 -.4 .2

2003 .8 .3 -.2 -.8 .0 .0 .3 -.1 .6 .0 .8 .0 3.0 -3.1 2.0 3.4 1.3

2004 .3 .6 -.6 .4 .7 -.9 .7 .3 .0 1.0 .2 .7 2.8 1.7 2.1 5.8 2.3

2005 .5 .7 -.1 .0 .2 .4 -.2 .1 -2.0 1.2 1.0 .6 6.1 1.7 -1.7 3.1 3.2

2006 .2 .1 .2 .4 -.2 .4 .2 .2 -.1 .0 -.1 1.1 4.0 2.4 1.8 1.0 2.2

2007 -.3 1.1 .0 .8 -.1 .0 .1 .0 .5 -.6 .4 .2 4.5 4.5 1.1 .1 2.7

2008 -.3 -.2 -.4 -.9 -.6 -.3 -.4 -1.7 -4.1 .9 -1.3 -2.6 -1.2 -6.6 -12.2 -15.7 -3.7

2009 -2.1 -.5 -1.7 -.9 -1.1 -.4 1.1 .9 .7 .3 .2 .6 -18.9 -11.5 5.3 5.6 -11.2

2010 1.2 .2 .5 .4 1.3 .1 .9 .2 .3 -.1 .4 1.4 8.1 7.1 6.7 3.7 5.3

2011 .2 .0

IP (2007=100)

1981 50.8 50.6 50.9 50.6 51.0 51.2 51.5 51.5 51.2 50.8 50.3 49.7 50.8 50.9 51.4 50.3 50.8

1982 48.7 49.7 49.3 48.9 48.6 48.4 48.3 47.9 47.7 47.3 47.1 46.8 49.2 48.6 47.9 47.1 48.2

1983 47.7 47.4 47.8 48.3 48.7 48.9 49.7 50.2 51.0 51.4 51.6 51.8 47.6 48.7 50.3 51.6 49.5

1984 52.9 53.1 53.4 53.7 54.0 54.2 54.4 54.4 54.3 54.2 54.4 54.5 53.1 54.0 54.3 54.4 54.0

1985 54.4 54.6 54.7 54.5 54.6 54.6 54.3 54.5 54.7 54.5 54.7 55.3 54.5 54.6 54.5 54.8 54.6

1986 55.5 55.1 54.8 54.8 54.9 54.7 55.1 55.0 55.1 55.3 55.6 56.1 55.1 54.8 55.0 55.7 55.2

1987 55.9 56.6 56.7 57.0 57.4 57.7 58.1 58.5 58.7 59.5 59.9 60.1 56.4 57.4 58.4 59.8 58.0

1988 60.2 60.4 60.6 60.9 60.8 61.0 61.0 61.3 61.1 61.4 61.5 61.8 60.4 60.9 61.2 61.6 61.0

1989 62.0 61.7 61.9 61.9 61.5 61.5 60.9 61.5 61.3 61.2 61.4 61.8 61.8 61.6 61.2 61.5 61.5

1990 61.4 62.0 62.3 62.2 62.3 62.5 62.5 62.6 62.8 62.3 61.5 61.1 61.9 62.4 62.6 61.6 62.1

1991 60.8 60.4 60.1 60.2 60.8 61.4 61.4 61.5 62.0 61.9 61.8 61.6 60.4 60.8 61.6 61.8 61.2

1992 61.2 61.7 62.2 62.6 62.9 62.9 63.4 63.1 63.2 63.7 63.9 64.0 61.7 62.8 63.2 63.9 62.9

1993 64.3 64.5 64.5 64.7 64.5 64.6 64.8 64.8 65.1 65.6 65.8 66.2 64.4 64.6 64.9 65.9 65.0

1994 66.5 66.5 67.2 67.5 67.9 68.3 68.5 68.8 69.0 69.6 70.0 70.8 66.7 67.9 68.8 70.1 68.4

1995 71.0 71.0 71.1 71.0 71.2 71.4 71.2 72.1 72.3 72.2 72.4 72.6 71.0 71.2 71.9 72.4 71.6

1996 72.2 73.4 73.3 73.9 74.4 75.1 75.0 75.5 75.9 75.8 76.5 77.0 72.9 74.4 75.4 76.4 74.8

1997 77.0 78.0 78.6 78.6 79.2 79.5 80.0 81.1 81.8 82.3 83.0 83.3 77.9 79.1 80.9 82.9 80.2

1998 83.7 83.8 83.9 84.2 84.8 84.3 83.9 85.7 85.5 86.2 86.1 86.4 83.8 84.4 85.0 86.2 84.9

1999 86.7 87.1 87.3 87.5 88.1 88.0 88.6 89.0 88.7 89.8 90.3 91.0 87.0 87.9 88.8 90.4 88.5

2000 91.1 91.4 91.8 92.3 92.5 92.5 92.3 92.1 92.5 92.1 92.2 91.8 91.4 92.4 92.3 92.0 92.1

2001 91.2 90.6 90.4 90.2 89.5 88.9 88.5 88.2 87.9 87.5 87.0 87.0 90.7 89.5 88.2 87.2 88.9

2002 87.6 87.5 88.2 88.6 89.1 89.9 89.6 89.8 89.9 89.5 90.0 89.5 87.8 89.2 89.8 89.7 89.1

2003 90.2 90.5 90.4 89.6 89.6 89.7 89.9 89.9 90.4 90.4 91.1 91.1 90.4 89.6 90.1 90.8 90.2

2004 91.3 91.8 91.3 91.7 92.4 91.5 92.2 92.4 92.4 93.3 93.5 94.1 91.5 91.9 92.3 93.6 92.3

2005 94.6 95.3 95.2 95.2 95.4 95.7 95.6 95.7 93.8 95.0 95.9 96.4 95.0 95.4 95.0 95.8 95.3

2006 96.6 96.7 96.9 97.3 97.1 97.5 97.6 97.8 97.7 97.7 97.6 98.6 96.7 97.3 97.7 98.0 97.4

2007 98.3 99.4 99.4 100.2 100.1 100.1 100.2 100.2 100.7 100.1 100.5 100.7 99.0 100.1 100.4 100.4 100.0

2008 100.4 100.2 99.8 98.9 98.3 98.1 97.7 96.1 92.1 92.9 91.7 89.3 100.1 98.4 95.3 91.3 96.3

2009 87.5 87.0 85.5 84.8 83.9 83.5 84.4 85.2 85.8 86.0 86.2 86.7 86.7 84.1 85.2 86.3 85.5

2010 87.7 87.9 88.4 88.7 89.9 90.0 90.8 91.0 91.2 91.2 91.5 92.8 88.0 89.5 91.0 91.8 90.1

2011 93.0 93.0

NOTE: Estimates from October 2010 through February 2011 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

2007 output)

1981 63.0 63.1 63.3 63.4 63.6 63.8 63.9 64.1 64.2 64.4 64.6 64.7 63.1 63.6 64.1 64.6 63.8

1982 64.9 65.0 65.1 65.3 65.4 65.5 65.6 65.7 65.8 65.8 65.9 65.9 65.0 65.4 65.7 65.9 65.5

1983 66.0 66.0 66.0 66.1 66.1 66.1 66.1 66.2 66.2 66.2 66.3 66.4 66.0 66.1 66.2 66.3 66.1

1984 66.4 66.5 66.6 66.7 66.9 67.0 67.1 67.3 67.4 67.6 67.7 67.9 66.5 66.9 67.3 67.8 67.1

1985 68.1 68.3 68.4 68.6 68.8 68.9 69.1 69.2 69.4 69.5 69.6 69.7 68.3 68.8 69.2 69.6 69.0

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

1987 70.7 70.9 71.0 71.1 71.3 71.4 71.6 71.7 71.8 71.9 72.0 72.1 70.9 71.3 71.7 72.0 71.5

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

1989 72.7 72.8 73.0 73.1 73.2 73.4 73.5 73.7 73.8 74.0 74.2 74.3 72.8 73.2 73.7 74.2 73.5

1990 74.5 74.6 74.8 75.0 75.1 75.2 75.4 75.5 75.6 75.8 75.9 76.0 74.6 75.1 75.5 75.9 75.3

1991 76.1 76.2 76.3 76.4 76.5 76.6 76.7 76.7 76.8 76.9 77.0 77.1 76.2 76.5 76.7 77.0 76.6

1992 77.2 77.3 77.5 77.6 77.8 77.9 78.1 78.3 78.4 78.6 78.8 78.9 77.3 77.8 78.3 78.8 78.0

1993 79.1 79.2 79.3 79.5 79.6 79.7 79.8 79.9 80.0 80.1 80.3 80.4 79.2 79.6 79.9 80.3 79.7

1994 80.6 80.7 80.9 81.1 81.4 81.6 81.9 82.1 82.4 82.6 82.9 83.2 80.8 81.4 82.1 82.9 81.8

1995 83.5 83.8 84.1 84.4 84.7 85.0 85.3 85.6 85.9 86.3 86.6 87.0 83.8 84.7 85.6 86.6 85.2

1996 87.4 87.7 88.1 88.5 88.9 89.3 89.8 90.2 90.6 91.0 91.5 91.9 87.7 88.9 90.2 91.5 89.6

1997 92.4 92.8 93.3 93.8 94.3 94.8 95.4 95.9 96.5 97.2 97.8 98.4 92.8 94.3 96.0 97.8 95.2

1998 99.1 99.8 100.4 101.1 101.7 102.3 102.9 103.5 104.0 104.6 105.1 105.6 99.8 101.7 103.5 105.1 102.5

1999 106.0 106.5 106.9 107.4 107.8 108.2 108.6 109.0 109.4 109.8 110.2 110.6 106.5 107.8 109.0 110.2 108.4

2000 111.0 111.4 111.8 112.2 112.6 112.9 113.3 113.7 114.0 114.3 114.7 115.0 111.4 112.6 113.6 114.7 113.1

2001 115.3 115.7 116.0 116.3 116.6 116.9 117.2 117.4 117.7 117.9 118.2 118.4 115.7 116.6 117.4 118.2 117.0

2002 118.6 118.7 118.9 119.0 119.1 119.2 119.2 119.2 119.2 119.2 119.2 119.1 118.7 119.1 119.2 119.2 119.1

2003 119.1 119.0 119.0 118.9 118.9 118.8 118.8 118.7 118.7 118.7 118.6 118.6 119.0 118.9 118.7 118.6 118.8

2004 118.6 118.6 118.6 118.6 118.5 118.5 118.5 118.5 118.5 118.5 118.6 118.6 118.6 118.5 118.5 118.6 118.6

2005 118.6 118.7 118.8 118.9 119.0 119.1 119.2 119.4 119.5 119.7 119.8 120.0 118.7 119.0 119.4 119.8 119.2

2006 120.1 120.3 120.5 120.7 120.8 121.0 121.3 121.5 121.7 121.9 122.2 122.4 120.3 120.8 121.5 122.2 121.2

2007 122.7 122.9 123.1 123.3 123.5 123.6 123.7 123.8 123.9 123.9 123.9 123.8 122.9 123.5 123.8 123.9 123.5

2008 123.8 123.8 123.7 123.7 123.7 123.7 123.7 123.8 123.9 124.0 124.1 124.2 123.8 123.7 123.8 124.1 123.8

2009 124.2 124.3 124.3 124.3 124.2 124.1 123.9 123.6 123.4 123.1 122.8 122.4 124.3 124.2 123.6 122.8 123.7

2010 122.1 121.8 121.5 121.2 121.0 120.8 120.6 120.5 120.5 120.5 120.5 120.6 121.8 121.0 120.6 120.5 121.0

2011 120.7 120.8

Utilization (percent)

1981 80.7 80.1 80.4 79.8 80.1 80.3 80.6 80.4 79.7 78.9 77.9 76.8 80.4 80.1 80.2 77.9 79.6

1982 75.1 76.4 75.7 74.9 74.3 73.9 73.6 72.9 72.5 71.9 71.5 70.9 75.8 74.4 73.0 71.4 73.6

1983 72.3 71.8 72.3 73.2 73.7 74.1 75.2 75.9 77.0 77.6 77.8 78.1 72.1 73.6 76.0 77.8 74.9

1984 79.6 79.9 80.1 80.5 80.7 80.9 81.0 80.8 80.5 80.2 80.3 80.2 79.9 80.7 80.8 80.3 80.4

1985 79.8 80.0 79.9 79.5 79.4 79.3 78.5 78.7 78.9 78.5 78.6 79.3 79.9 79.4 78.7 78.8 79.2

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

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

1988 83.4 83.6 83.8 84.2 84.1 84.3 84.3 84.7 84.3 84.7 84.8 85.1 83.6 84.2 84.4 84.8 84.3

1989 85.2 84.7 84.8 84.7 84.0 83.9 82.9 83.4 83.0 82.7 82.8 83.1 84.9 84.2 83.1 82.9 83.8

1990 82.5 83.0 83.3 83.0 83.0 83.1 82.9 82.9 83.0 82.2 81.1 80.4 82.9 83.0 82.9 81.2 82.5

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

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

1993 81.3 81.4 81.3 81.4 81.0 81.1 81.3 81.1 81.4 81.9 82.0 82.3 81.3 81.2 81.3 82.1 81.5

1994 82.5 82.3 83.0 83.2 83.4 83.7 83.6 83.8 83.8 84.2 84.4 85.1 82.6 83.5 83.7 84.6 83.6

1995 85.0 84.7 84.6 84.2 84.1 84.1 83.4 84.2 84.2 83.7 83.5 83.5 84.8 84.1 83.9 83.6 84.1

1996 82.6 83.6 83.1 83.5 83.6 84.0 83.5 83.7 83.7 83.3 83.6 83.7 83.1 83.7 83.6 83.6 83.5

1997 83.4 84.0 84.2 83.8 84.0 83.9 83.9 84.5 84.7 84.7 84.9 84.7 83.9 83.9 84.4 84.8 84.2

1998 84.5 84.0 83.5 83.3 83.3 82.3 81.5 82.8 82.1 82.4 81.9 81.8 84.0 83.0 82.2 82.1 82.8

1999 81.8 81.8 81.6 81.5 81.7 81.3 81.6 81.6 81.1 81.8 81.9 82.2 81.7 81.5 81.4 82.0 81.7

2000 82.0 82.0 82.1 82.3 82.1 81.9 81.5 81.0 81.2 80.6 80.4 79.8 82.1 82.1 81.2 80.3 81.4

2001 79.1 78.4 77.9 77.5 76.8 76.1 75.6 75.1 74.7 74.2 73.6 73.5 78.5 76.8 75.1 73.8 76.0

2002 73.8 73.7 74.2 74.4 74.8 75.4 75.2 75.3 75.4 75.1 75.5 75.1 73.9 74.9 75.3 75.2 74.8

2003 75.7 76.0 75.9 75.4 75.4 75.5 75.7 75.7 76.2 76.2 76.8 76.8 75.9 75.4 75.9 76.6 75.9

2004 77.0 77.4 77.0 77.3 77.9 77.2 77.8 78.0 77.9 78.7 78.8 79.4 77.1 77.5 77.9 79.0 77.9

2005 79.8 80.3 80.1 80.1 80.2 80.4 80.2 80.2 78.5 79.4 80.0 80.4 80.1 80.2 79.6 79.9 79.9

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

2007 80.2 80.9 80.8 81.2 81.1 81.0 81.0 81.0 81.3 80.8 81.1 81.3 80.6 81.1 81.1 81.1 81.0

2008 81.1 81.0 80.6 80.0 79.5 79.3 79.0 77.6 74.3 74.9 73.9 71.9 80.9 79.6 77.0 73.6 77.8

2009 70.4 70.0 68.8 68.2 67.5 67.3 68.2 68.9 69.5 69.9 70.2 70.8 69.7 67.7 68.9 70.3 69.2

2010 71.9 72.2 72.8 73.2 74.3 74.5 75.3 75.5 75.7 75.7 75.9 77.0 72.3 74.0 75.5 76.2 74.5

2011 77.1 77.0

NOTE: Estimates from October 2010 through February 2011 are subject to further revision in the upcoming monthly releases.

18
Table 2

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY: 2006–101

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Total IP 2.3 2.5 -9.1 -5.5 6.4 -.2 .2 -1.4 -1.7 .5

MARKET GROUPS

Final products and nonindustrial supplies 1.5 1.0 -9.1 -5.5 5.5 -.1 .1 -1.8 -1.2 .4

Consumer goods .2 -.6 -7.5 -2.1 3.4 .1 -.3 -1.4 -1.2 .3

Durable -1.9 2.0 -18.5 -1.7 5.6 .2 -.5 -.2 .4 .3

Automotive products -1.6 6.1 -22.2 9.1 6.1 .4 -1.1 1.9 3.2 -.2

Home electronics 8.9 18.5 -6.5 2.5 -5.7 2.6 -.3 -3.1 .1 -.9

Appliances, furniture, carpeting -5.6 -4.0 -22.2 -15.0 3.1 -.3 .4 -3.4 -4.6 1.5

Miscellaneous goods -2.1 -3.6 -12.7 -12.1 7.6 -.2 .2 -1.6 -2.1 .3

Nondurable .9 -1.4 -3.9 -2.2 2.8 .1 -.2 -1.9 -1.6 .3

Non-energy .6 -2.6 -5.7 -2.8 2.4 .0 -.1 -2.7 -2.4 .2

Foods and tobacco -1.1 -2.0 -4.1 -1.2 4.8 -.2 .3 -.5 -1.7 -.4

Clothing -15.1 -23.0 -12.3 -23.8 7.7 -1.3 1.3 -6.2 -10.3 -.5

Chemical products 5.2 -1.6 -7.3 -3.5 -.4 .2 -.5 -5.6 -3.7 .7

Paper products 1.6 -4.4 -9.8 -5.7 -2.7 .8 -2.2 -4.6 -.5 .5

Energy 1.8 2.1 1.9 .1 4.3 .3 -.5 .4 1.0 .4

Business equipment 8.0 3.7 -12.9 -7.9 12.8 -.9 .8 -4.5 -1.4 .2

Transit 8.5 5.1 -35.4 11.9 10.5 -2.2 3.6 -8.4 .8 6.4

Information processing 14.1 3.4 -3.7 1.3 13.4 -1.1 -1.2 -4.4 2.2 -2.2

Industrial and other 4.4 3.3 -8.4 -18.0 13.4 -.3 .8 -2.0 -3.6 -.5

Defense and space equipment 3.3 20.5 1.9 1.2 5.8 -.6 2.7 3.8 -.6 2.7

Construction supplies -2.7 -.9 -17.0 -17.3 10.1 -.2 .8 -2.9 -5.5 2.7

Business supplies .7 1.0 -8.7 -5.8 1.5 .0 -.3 -1.1 .2 -.2

Materials 3.3 4.4 -9.1 -5.5 7.6 -.3 .4 -1.0 -2.3 .7

Non-energy 2.6 5.5 -14.1 -7.7 8.1 .1 .5 -1.4 -3.0 .5

Durable 1.4 6.7 -13.7 -12.9 11.8 .1 .5 -1.5 -3.7 .9

Consumer parts -5.1 -1.1 -26.0 -14.7 9.0 -.5 1.7 -2.5 -7.0 -.9

Equipment parts 9.5 16.3 -7.3 -10.7 12.3 .3 .4 -1.6 -2.6 -.2

Other -1.9 2.6 -14.3 -14.0 12.1 .3 .1 -1.2 -3.6 2.2

Nondurable 4.6 3.6 -14.8 .0 3.5 .1 .4 -1.3 -2.1 .6

Textile -12.3 -8.3 -16.9 -4.6 9.5 -.4 .9 -.5 -2.5 1.6

Paper 1.2 -.6 -11.0 -4.5 .5 .0 .1 .3 1.1 .3

Chemical 10.6 7.8 -21.1 2.9 4.8 .1 1.1 -3.0 -6.6 1.3

Energy 4.8 2.5 -.8 -1.9 6.5 -1.2 .4 -.2 -1.0 .9

INDUSTRY GROUPS

Manufacturing 2.0 2.8 -11.8 -6.1 6.2 .0 .2 -1.9 -2.0 .4

Manufacturing (NAICS) 31–33 2.1 3.2 -11.8 -5.9 6.7 -.1 .4 -1.8 -2.2 .4

Durable manufacturing 2.5 5.9 -13.3 -9.1 9.9 -.2 .6 -2.0 -2.9 .7

Wood products 321 -11.1 -4.2 -22.5 -11.7 5.9 -.2 .3 -1.6 -1.0 4.6

Nonmetallic mineral products 327 -2.5 -1.5 -19.4 -18.3 7.1 -.3 .9 -3.5 -6.5 1.9

Primary metal 331 -2.8 9.5 -19.9 -8.3 12.4 1.8 -1.4 3.3 -5.3 1.0

Fabricated metal products 332 4.1 4.9 -11.8 -19.3 14.0 -.5 1.6 -4.6 -7.6 2.2

Machinery 333 3.3 3.2 -9.0 -20.4 16.4 .0 .2 -.8 -1.3 -2.1

Computer and electronic products 334 12.8 14.9 -5.7 1.4 12.1 .0 -.5 -3.1 -.3 -1.6

Electrical equip., appliances,

and components 335 .1 4.2 -10.5 -17.5 9.6 -.2 1.0 -4.9 -7.1 .9

Motor vehicles and parts 3361–3 -3.9 -2.7 -28.7 2.3 10.2 .0 .0 -1.2 1.0 1.9

Aerospace and miscellaneous

transportation equipment 3364–9 8.3 21.2 -13.7 .8 1.0 -1.1 3.7 -.5 -1.8 1.9

Furniture and related products 337 -3.2 -.1 -20.7 -21.3 6.5 -.5 1.4 -4.4 -6.1 2.7

Miscellaneous 339 .0 -.9 -1.1 -5.3 4.1 -.7 .7 -.9 -2.5 1.7

Nondurable manufacturing 1.6 .1 -10.1 -2.3 3.6 .1 .1 -1.6 -1.7 .3

Food, beverage, and tobacco products 311,2 -1.0 -1.1 -3.4 -.5 4.4 -.1 .2 .0 -.5 -.7

Textile and product mills 313,4 -13.0 -10.2 -16.7 -10.5 6.7 -.4 1.1 -1.6 -5.0 3.2

Apparel and leather 315,6 -7.9 -22.8 -18.6 -18.9 6.9 -.8 .2 -3.6 -5.0 -1.2

Paper 322 .3 -.1 -12.9 -.3 2.2 .0 .2 .3 .0 .5

Printing and support 323 2.0 .5 -10.3 -13.5 -3.0 .1 .1 -1.0 .5 .2

Petroleum and coal products 324 7.0 -.3 -4.0 -.9 4.2 .8 -1.0 .3 .5 -1.0

Chemical 325 6.5 3.6 -14.6 -.5 2.0 .1 .3 -4.2 -4.4 .9

Plastics and rubber products 326 -4.3 -.9 -15.5 -7.3 9.8 .1 -.3 -.5 1.6 1.5

Other manufacturing (non-NAICS) 1133,5111 -.4 -4.7 -12.2 -10.0 -4.5 .8 -2.2 -3.1 1.3 .3

Mining 21 7.2 .6 -.4 -5.4 10.1 -1.5 .5 -.1 -.9 1.2

Utilities 2211,2 -.8 3.1 -.4 -1.3 3.4 -.1 .0 .0 .1 .8

Electric 2211 -1.2 3.4 -1.5 -1.7 2.8 -.1 .0 -.1 .1 .8

Natural gas 2212 1.1 1.3 5.1 .9 6.8 -.1 -.2 .2 .3 .9

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.

19
Table 3

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, SPECIAL AGGREGATES AND SELECTED DETAIL: 2006–101

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Total industry 2.3 2.5 -9.1 -5.5 6.4 -.2 .2 -1.4 -1.7 .5

Energy 4.0 2.3 -.1 -2.4 6.1 -.7 .2 -.1 -.4 .6

Consumer products 1.8 2.1 1.9 .1 4.3 .3 -.5 .4 1.0 .4

Commercial products 2.1 2.2 -.6 -.2 1.9 -.1 -.2 -.1 -.2 -.4

Oil and gas well drilling 213111 14.5 -1.1 6.8 -42.4 44.7 -.1 -.1 -.1 -.1 -.1

Converted fuel 2.5 6.0 -5.7 -1.3 3.0 -.1 .1 -.6 -.8 1.0

Primary energy 5.6 1.4 .7 -2.1 7.7 -1.6 .5 -.1 -1.0 1.1

Non-energy 1.7 2.6 -12.1 -6.5 6.5 .0 .3 -1.9 -2.1 .5

Selected high-technology industries 16.0 21.6 -5.5 6.1 12.8 -.5 .2 -.3 2.1 -1.5

Computers and peripheral equipment 3341 18.1 25.3 -1.5 15.7 16.9 1.9 -2.3 3.4 17.7 3.4

Communications equipment 3342 18.1 -12.0 -3.1 .1 3.9 -5.5 -.4 -5.3 -5.0 -7.6

Semiconductors and related

electronic components 334412–9 13.5 39.2 -7.8 4.3 14.6 .6 1.5 .4 -2.1 -1.4

Excluding selected high-technology

industries .8 1.5 -12.6 -7.2 6.1 .0 .3 -2.0 -2.3 .6

Motor vehicles and parts 3361–3 -3.9 -2.7 -28.7 2.3 10.2 .0 .0 -1.2 1.0 1.9

Motor vehicles 3361 -3.3 -3.0 -32.0 10.9 15.3 .7 -1.4 -.5 5.7 5.0

Motor vehicle parts 3363 -4.2 -2.0 -23.0 -7.3 2.7 -.8 1.6 -2.3 -4.4 -2.3

Excluding motor vehicles and parts 1.3 1.8 -11.4 -7.8 5.9 .0 .3 -2.1 -2.5 .5

Consumer goods .0 -2.0 -7.7 -4.8 3.0 -.1 .0 -2.4 -2.5 .3

Business equipment 6.8 6.3 -13.0 -9.7 10.5 -.2 1.0 -4.8 -3.6 -.9

Construction supplies -2.8 -.9 -17.1 -17.4 10.1 -.2 .9 -2.8 -5.5 2.7

Business supplies -.5 -.2 -11.7 -8.4 .9 .2 -.6 -1.5 .4 -.1

Materials 2.3 3.6 -13.4 -8.5 7.7 .1 .3 -1.5 -2.8 .9

Measures excluding selected high-technology

industries

Total industry 1.6 1.7 -9.3 -5.9 6.1 -.2 .2 -1.5 -1.8 .6

Manufacturing2

1.1 1.7 -12.3 -6.8 5.9 .0 .2 -2.0 -2.2 .5

Durable .7 3.9 -14.3 -10.8 9.5 -.1 .7 -2.3 -3.3 1.0

Measures excluding motor vehicles and parts

Total industry 2.7 2.8 -8.1 -5.8 6.2 -.2 .3 -1.4 -1.8 .5

Manufacturing2

2.4 3.2 -10.7 -6.6 6.0 .0 .2 -1.9 -2.2 .3

Durable 3.5 7.2 -11.1 -10.6 9.8 -.2 .7 -2.1 -3.4 .6

Measures excluding selected high-technology

industries and motor vehicles and parts

Total industry 2.0 1.9 -8.2 -6.3 6.0 -.2 .3 -1.5 -1.9 .6

Manufacturing2

1.5 2.0 -11.1 -7.3 5.6 .0 .3 -2.0 -2.4 .4

Measure of non-energy material inputs to

Finished processors 2.9 7.5 -12.8 -10.0 8.9 .0 .7 -1.4 -2.7 -.4

Primary and semifinished processors 2.4 4.1 -15.0 -6.1 7.6 .2 .3 -1.5 -3.1 1.2

STAGE-OF-PROCESS GROUPS

Crude 7.3 2.3 -5.3 -1.3 6.2 -1.1 .5 -.6 -1.9 .4

Primary and semifinished -.1 3.3 -10.6 -8.3 6.1 .1 .2 -1.3 -1.7 .9

Finished 3.5 1.5 -9.1 -3.7 6.9 -.2 .2 -2.2 -1.4 .2

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

specified in the column heading.

2. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, definition of manufacturing plus those industries–

logging and newspaper, periodical, book, and directory publishing–that have traditionally been considered to be a part of manufacturing and are included in the industrial

sector.

20
Table 4

ANNUAL RATES OF CHANGE FOR INDUSTRIAL PRODUCTION: 2006–101

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2006 2007 2008 2009 2010 2006 2007 2008 2009 2010

Total IP 2.2 2.7 -3.7 -11.2 5.3 -.1 .0 -.4 -1.9 -.5

MARKET GROUPS

Consumer goods .5 .8 -5.2 -7.2 4.3 -.1 .0 -1.0 -1.4 -.4

Durable .2 1.9 -11.3 -15.9 11.1 -.2 .1 -.9 1.0 -.8

Nondurable .6 .5 -3.2 -4.6 2.5 .0 .0 -1.1 -2.2 -.3

Business equipment 9.2 4.2 -2.5 -16.3 7.8 .0 -.3 -1.0 -4.1 -.5

Defense and space equipment -1.5 18.3 7.9 1.2 5.0 .0 .0 5.4 .2 1.3

Construction supplies 2.3 -1.2 -9.7 -22.5 3.8 .0 .0 -.1 -5.9 -.4

Business supplies 1.0 1.7 -4.9 -10.0 1.2 .0 .0 -1.0 .1 -.6

Materials 2.1 3.7 -2.7 -11.6 6.4 -.1 .0 .0 -1.9 -.5

Non-energy 2.5 4.6 -4.7 -17.1 7.4 .1 .0 .0 -2.7 -1.1

Energy 1.3 1.9 .6 -2.4 4.7 -.4 .0 .0 -.3 .2

INDUSTRY GROUPS

Manufacturing22.5 2.9 -5.0 -13.5 5.4 .0 .0 -.5 -2.4 -.7

Manufacturing (NAICS) 2.7 3.2 -4.7 -13.5 5.9 .0 .0 -.4 -2.6 -.8

Durable manufacturing 4.6 4.9 -3.7 -18.0 8.0 .0 -.1 -.1 -3.1 -1.1

Nondurable manufacturing .6 1.2 -6.0 -8.1 3.7 .0 .0 -.6 -2.1 -.4

Other manufacturing (non-NAICS) -1.2 -1.3 -10.6 -13.8 -3.8 .0 .0 -4.1 .7 .6

Mining 2.4 .5 .8 -5.2 5.9 -.6 .0 .0 -.2 .4

Utilities -.6 3.4 -.1 -2.6 4.1 .0 .0 .1 .0 .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 3.

Table 5

RATES OF CHANGE IN CAPACITY, BY INDUSTRY GROUPS: 2007–111

Difference between

Revised change revised and earlier changes

Item (percent) (percentage points)

2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

Total industry 1.4 .2 -1.1 -1.8 1.1 -.4 -.6 -1.5 -1.5 -.1

Manufacturing22.1 -.6 -2.8 -2.0 .8 -.4 -1.2 -1.7 -1.8 .1

Manufacturing (NAICS) 2.3 -.2 -2.9 -2.1 .9 -.3 -1.0 -1.8 -1.9 .1

Durable manufacturing 3.4 -.1 -2.1 -1.9 1.5 -.5 -.8 -.8 -2.4 .9

Nondurable manufacturing 1.0 -.3 -3.6 -2.1 .3 -.1 -1.3 -2.8 -1.1 -.8

Other manufacturing (non-NAICS) -2.9 -8.3 -1.9 .0 -.7 -1.6 -3.7 1.7 .0 -.4

Mining .4 2.6 3.4 -.9 2.1 -.4 1.1 .4 -.9 .1

Utilities .7 2.4 .5 3.6 2.0 .1 .2 -2.7 2.2 -1.6

Selected high-technology industries 24.9 -.1 10.0 4.1 15.2 -2.3 -.4 2.3 -7.3 10.6

Manufacturing2ex. selected

high-technology industries .8 -.7 -3.6 -2.3 .1 -.2 -1.2 -1.9 -1.5 -.4

STAGE-OF-PROCESS GROUPS

Crude .2 2.3 .9 -.9 1.5 -.4 .8 -1.7 -.1 -.1

Primary and semifinished 2.7 .0 -2.3 -2.1 .2 -.2 -.6 -1.6 -1.5 -.2

Finished .8 -.8 -2.1 -.7 2.0 -.5 -1.5 -1.3 -1.5 .0

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

heading.

2. See footnote 2 to table 3.

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 2010 2007 2008 2009 2010 2007 2008 2009 2010

Ave. Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q4

Total industry 80.4 81.1 73.6 70.3 76.2 .0 -.7 -.8 .6

Manufacturing179.0 79.0 70.1 67.7 73.4 -.1 -.8 -1.1 .4

Manufacturing (NAICS) 31–33 78.8 79.0 69.8 67.6 73.7 -.1 -.8 -1.1 .5

Durable manufacturing 77.2 78.4 68.0 63.2 70.8 .1 -1.0 -2.4 -.5

Wood products 321 77.8 70.8 58.2 54.6 60.6 -.9 -.8 -2.7 -2.0

Nonmetallic mineral products 327 75.9 67.4 54.6 46.5 51.8 -3.5 -4.5 -7.0 -5.7

Primary metal 331 79.4 83.6 64.5 61.6 68.6 -.3 1.0 -1.0 -.2

Fabricated metal products 332 77.2 84.6 73.9 61.9 72.9 2.6 -1.1 -5.8 -4.2

Machinery 333 78.1 83.0 77.0 62.3 74.2 -.6 .0 -1.1 -2.3

Computer and electronic products 334 78.1 75.8 72.2 71.2 79.4 -.4 -.9 .4 5.0

Electrical equip., appliances,

and components 335 82.7 88.6 79.9 67.6 76.1 2.5 .4 -4.6 -3.0

Motor vehicles and parts 3361–3 75.3 68.8 48.9 54.0 61.3 -.2 -.7 -.9 .0

Aerospace and miscellaneous

transportation equipment 3364–9 73.0 88.6 73.2 71.5 71.4 .9 -.7 -1.4 .9

Furniture and related products 337 77.5 78.6 68.2 60.4 66.7 -1.9 -3.7 -5.1 -4.8

Miscellaneous 339 76.0 73.5 72.8 71.3 76.5 .3 .1 1.1 6.9

Nondurable manufacturing 81.1 79.7 71.9 72.9 77.0 -.3 -.6 .2 1.3

Food, beverage, and tobacco products 311,2 81.2 79.1 76.5 75.9 79.0 -.8 .2 .0 -.4

Textile and product mills 313,4 80.4 71.8 63.7 58.1 64.0 -.9 .4 -5.2 -4.9

Apparel and leather 315,6 78.2 72.4 73.9 63.2 69.2 1.2 -.3 -6.3 -11.7

Paper 322 87.1 84.4 75.0 79.5 83.2 -.2 .9 4.3 5.0

Printing and support 323 82.2 77.5 69.4 63.8 64.0 .1 -1.5 -.2 -.1

Petroleum and coal products 324 85.8 86.4 81.8 79.1 85.5 -1.1 -1.7 -1.6 -.5

Chemical 325 78.0 79.0 68.3 73.1 76.4 .3 -1.5 -.2 1.5

Plastics and rubber products 326 82.3 77.9 64.5 62.8 71.6 .1 -.4 1.7 5.2

Other manufacturing (non-NAICS) 1133,5111 83.4 79.5 76.2 69.9 66.8 -.4 .0 -.2 .0

Mining 21 87.4 90.5 87.8 80.2 89.1 .7 -.3 -1.4 .2

Utilities 2211,2 86.6 85.2 82.9 81.5 81.3 -.3 -.5 1.7 .6

Selected high-technology industries 78.4 81.1 76.8 74.1 80.3 1.6 1.7 1.6 5.9

Computers and peripheral equipment 3341 78.6 82.4 80.0 93.3 86.3 2.4 2.9 13.2 2.2

Communications equipment 3342 76.7 75.5 84.7 80.9 78.7 .0 .0 .8 -2.3

Semiconductors and related

electronic components 334412–9 80.3 82.1 72.7 65.8 78.8 1.7 2.5 -.7 10.1

Measures excluding selected high-technology

industries

Total industry 80.5 81.1 73.5 70.2 76.0 -.1 -.8 -.9 .5

Manufacturing179.0 78.9 69.7 67.4 73.0 -.2 -.9 -1.2 .2

STAGE-OF-PROCESS GROUPS

Crude 86.4 89.8 83.6 80.4 87.1 .6 -.7 -1.1 -.6

Primary and semifinished 81.3 80.9 72.0 67.6 73.3 .0 -.6 -.8 .8

Finished 77.3 77.5 71.0 70.2 75.0 -.3 -.8 -.8 .4

1. See footnote 2 to table 3.

22
Table 7

RATES OF CHANGE IN INDUSTRIAL PRODUCTION, 2006–10

NAICS 2006 2007 2008 2009 2010

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

Total IP 3.2 1.4 4.5 .6 -3.9 -14.0 -15.3 5.5 7.6 4.4

MARKET GROUPS

Final products and nonindustrial supplies 1.7 1.3 3.4 -1.3 -4.7 -13.3 -14.7 4.8 6.5 3.9

Consumer goods -.1 .5 2.0 -3.2 -5.7 -9.3 -11.0 7.7 3.2 3.1

Durable -.3 -3.5 9.6 -5.1 -15.3 -21.5 -24.7 28.4 7.7 3.1

Automotive products -.2 -3.0 24.3 -9.5 -23.4 -21.0 -28.8 67.4 6.2 5.1

Home electronics 25.8 -5.8 5.8 32.7 9.1 -19.8 6.1 -1.0 -8.0 -2.9

Appliances, furniture, carpeting -5.6 -5.6 -3.9 -4.0 -13.7 -29.8 -24.2 -4.7 9.4 -2.3

Miscellaneous goods -1.5 -2.6 -3.3 -3.9 -7.2 -18.0 -23.3 .9 12.2 2.7

Nondurable .0 1.8 -.3 -2.5 -2.5 -5.4 -6.8 2.8 2.0 3.1

Non-energy .0 1.1 -2.0 -3.1 -3.9 -7.5 -7.6 2.2 2.3 2.1

Foods and tobacco -3.5 1.2 -1.1 -2.9 -3.2 -5.0 -4.4 2.1 5.7 3.4

Clothing -6.2 -23.1 -28.0 -17.7 -4.8 -19.3 -34.3 -11.7 10.9 3.9

Chemical products 6.7 3.8 -2.5 -.7 -4.1 -10.4 -8.7 2.0 -1.2 .4

Paper products 1.3 2.0 1.2 -9.6 -9.2 -10.5 -14.9 4.6 -5.1 -.2

Energy -.2 3.9 5.0 -.8 1.9 2.0 -4.4 4.8 1.0 6.5

Business equipment 10.9 5.1 4.1 3.3 .6 -24.5 -18.4 4.1 13.4 10.4

Transit 23.8 -5.0 -5.7 17.1 4.7 -60.2 4.2 20.2 7.9 11.1

Information processing 13.7 14.6 13.5 -5.7 7.7 -14.0 -4.2 7.1 10.4 14.0

Industrial and other 4.5 4.2 3.3 3.3 -4.5 -12.1 -30.5 -3.1 17.4 8.1

Defense and space equipment -7.8 15.8 21.3 19.8 2.1 1.8 -1.3 3.7 8.3 2.9

Construction supplies -1.6 -3.8 2.7 -4.3 -11.6 -22.1 -27.6 -5.6 17.1 3.0

Business supplies .9 .5 3.9 -1.9 -5.8 -11.4 -12.6 1.5 2.3 .7

Materials 5.2 1.5 6.0 2.9 -3.1 -14.8 -16.0 6.3 9.1 5.1

Non-energy 3.7 1.5 8.5 2.6 -5.3 -22.1 -21.3 8.1 10.7 4.8

Durable 3.4 -.6 9.3 4.1 -2.7 -23.4 -30.2 8.9 16.5 6.2

Consumer parts -2.1 -8.0 7.6 -9.1 -15.7 -35.1 -44.8 31.9 17.1 1.2

Equipment parts 7.5 11.5 17.0 15.6 5.4 -18.4 -23.3 4.0 14.3 8.8

Other 2.5 -6.0 4.5 .7 -4.2 -23.4 -31.2 7.4 18.1 5.5

Nondurable 4.2 5.0 7.1 .3 -9.3 -19.9 -6.7 7.2 3.6 2.9

Textile -15.4 -9.1 -2.3 -13.8 -14.4 -19.3 -21.8 16.3 8.5 8.9

Paper -.3 2.7 -1.6 .5 -3.9 -17.5 -14.6 6.8 3.3 -1.9

Chemical 11.8 9.5 14.4 1.6 -14.2 -27.4 -3.8 10.0 4.6 4.3

Energy 8.1 1.6 1.5 3.6 .6 -2.2 -6.8 3.4 6.4 5.6

INDUSTRY GROUPS

Manufacturing22.5 1.4 5.3 .3 -5.5 -17.8 -17.0 6.2 7.9 3.9

Manufacturing (NAICS) 31–33 2.6 1.6 5.6 .8 -5.2 -18.0 -16.8 6.5 8.5 4.3

Durable manufacturing 3.6 1.3 8.8 3.0 -3.7 -21.9 -24.2 8.9 12.3 6.4

Wood products 321 -8.5 -13.6 1.8 -9.8 -15.6 -28.9 -26.2 5.6 16.1 -2.9

Nonmetallic mineral products 327 -.6 -4.4 2.9 -5.7 -13.2 -25.2 -27.8 -7.4 10.9 2.8

Primary metal 331 7.5 -12.1 11.1 7.9 5.6 -39.2 -41.8 44.4 22.9 2.4

Fabricated metal products 332 5.4 2.7 6.2 3.6 -5.0 -18.1 -33.9 -1.5 15.1 11.0

Machinery 333 1.3 5.4 4.5 1.9 -3.8 -13.9 -34.0 -4.1 21.5 9.7

Computer and electronic products 334 10.9 14.6 17.8 12.0 9.8 -19.1 -6.7 10.2 13.2 9.4

Selected high-technology industries 16.4 15.5 22.9 20.3 19.2 -25.0 -4.6 18.1 12.3 11.2

Computers and peripheral equipment 3341 29.5 7.7 11.4 40.9 28.9 -24.8 2.7 30.3 .5 30.2

Communications equipment 3342 22.4 14.0 11.1 -30.2 8.7 -13.6 -1.2 1.4 .6 6.2

Semiconductors and related

electronic components 334412–9 8.7 18.6 34.8 43.9 19.6 -28.9 -10.1 21.0 22.0 6.5

Electrical equip., appliances,

and components 335 -1.3 1.4 8.4 .2 -2.5 -17.8 -28.8 -4.5 12.8 5.5

Motor vehicles and parts 3361–3 .8 -8.3 10.1 -14.0 -25.1 -32.0 -44.5 88.8 14.5 5.1

Aerospace and miscellaneous

transportation equipment 3364–9 4.8 11.8 19.7 22.8 2.0 -27.0 8.2 -6.0 -.7 2.4

Furniture and related products 337 -.1 -6.3 -2.7 2.7 -11.9 -28.6 -31.6 -9.5 10.1 2.6

Miscellaneous 339 2.5 -2.4 -2.7 1.0 3.3 -5.3 -12.5 2.4 3.9 3.6

Nondurable manufacturing 1.4 1.9 1.9 -1.6 -6.8 -13.2 -8.2 4.0 4.7 2.1

Food, beverage, and tobacco products 311,2 -3.1 1.2 .1 -2.2 -2.6 -4.1 -3.1 2.2 4.5 3.7

Textile and product mills 313,4 -13.7 -12.3 -7.5 -12.9 -11.0 -22.0 -26.3 8.7 8.8 4.0

Apparel and leather 315,6 -.4 -14.9 -21.6 -24.1 -16.9 -20.2 -28.1 -8.6 5.4 7.1

Paper 322 -2.7 3.5 -1.4 1.2 -2.7 -22.0 -9.0 9.1 5.2 -.7

Printing and support 323 1.1 2.8 1.6 -.6 -7.9 -12.6 -20.1 -6.4 -1.3 -4.1

Petroleum and coal products 324 6.3 7.7 2.4 -2.9 -3.4 -4.6 -.4 -1.5 6.3 1.9

Chemical 325 7.6 5.5 6.5 .7 -10.0 -18.9 -6.6 6.1 2.1 1.6

Plastics and rubber products 326 -.8 -7.6 1.2 -2.9 -12.4 -18.5 -22.8 11.4 16.4 3.0

Other manufacturing (non-NAICS) 1133,5111 .8 -1.6 .6 -9.7 -12.0 -12.4 -20.3 1.6 -4.1 -4.2

Mining 21 12.0 2.6 -1.0 2.2 1.1 -1.9 -12.7 2.4 10.9 7.9

Utilities 2211,2 -1.4 -.1 5.2 1.0 1.1 -1.8 -6.1 3.8 2.3 3.8

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

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

1. See footnote 2 to table 3.

23
Table 8

CAPACITY UTILIZATION RATES, BY INDUSTRY GROUPS, 2006–10

Percent of capacity, seasonally adjusted

NAICS 2006 2007 2008 2009 2010

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

Total industry 80.5 80.2 81.1 81.1 79.6 73.6 67.7 70.3 74.0 76.2

Manufacturing178.7 78.4 79.5 79.0 76.8 70.1 64.6 67.7 71.4 73.4

Manufacturing (NAICS) 31–33 78.5 78.3 79.4 79.0 76.7 69.8 64.4 67.6 71.5 73.7

Durable manufacturing 77.3 76.6 78.4 78.4 76.7 68.0 59.7 63.2 67.9 70.8

Wood products 321 79.0 72.8 73.6 70.8 66.8 58.2 51.6 54.6 60.4 60.6

Nonmetallic mineral products 327 75.0 71.4 70.5 67.4 62.6 54.6 47.2 46.5 50.1 51.8

Primary metal 331 81.7 75.9 80.4 83.6 84.0 64.5 50.0 61.6 68.6 68.6

Fabricated metal products 332 81.8 82.9 84.5 84.6 81.5 73.9 61.0 61.9 67.7 72.9

Machinery 333 79.3 81.3 82.5 83.0 82.0 77.0 63.0 62.3 69.6 74.2

Computer and electronic products 334 75.6 77.5 77.2 75.8 78.8 72.2 69.2 71.2 75.7 79.4

Selected high-technology industries 81.0 83.3 82.4 81.1 87.0 76.8 72.4 74.1 76.8 80.3

Computers and peripheral equipment 3341 78.2 78.2 76.1 82.4 90.1 80.0 84.0 93.3 83.7 86.3

Communications equipment 3342 72.0 80.1 86.4 75.5 85.4 84.7 84.0 80.9 78.2 78.7

Semiconductors and related

electronic components 334412–9 88.0 87.3 82.4 82.1 86.0 72.7 64.3 65.8 74.0 78.8

Electrical equip., appliances,

and components 335 82.4 83.1 87.4 88.6 88.0 79.9 68.0 67.6 72.9 76.1

Motor vehicles and parts 3361–3 73.5 69.1 73.2 68.8 59.2 48.9 37.6 54.0 59.3 61.3

Aerospace and miscellaneous

transportation equipment 3364–9 71.2 74.7 81.1 88.6 87.6 73.2 74.7 71.5 70.8 71.4

Furniture and related products 337 80.3 78.1 77.0 78.6 76.3 68.2 60.3 60.4 65.1 66.7

Miscellaneous 339 77.5 75.5 73.6 73.5 74.5 72.8 69.0 71.3 74.2 76.5

Nondurable manufacturing 80.1 80.4 80.7 79.7 76.7 71.9 70.0 72.9 75.7 77.0

Food, beverage, and tobacco products 311,2 78.1 79.1 79.6 79.1 78.2 76.5 75.1 75.9 77.5 79.0

Textile and product mills 313,4 75.0 73.5 73.8 71.8 70.3 63.7 55.2 58.1 61.5 64.0

Apparel and leather 315,6 78.2 75.3 73.1 72.4 75.2 73.9 65.3 63.2 65.6 69.2

Paper 322 83.1 84.3 83.7 84.4 83.7 75.0 73.8 79.5 83.0 83.2

Printing and support 323 80.0 80.3 79.3 77.5 73.6 69.4 63.8 63.8 64.9 64.0

Petroleum and coal products 324 89.6 89.7 88.5 86.4 84.8 81.8 80.0 79.1 83.1 85.5

Chemical 325 77.6 78.9 80.1 79.0 74.6 68.3 68.4 73.1 75.3 76.4

Plastics and rubber products 326 84.4 79.8 79.7 77.9 71.9 64.5 57.7 62.8 69.4 71.6

Other manufacturing (non-NAICS) 1133,5111 82.0 81.0 81.7 79.5 78.0 76.2 69.3 69.9 68.3 66.8

Mining 21 90.3 90.3 89.1 90.5 90.9 87.8 79.6 80.2 85.4 89.1

Utilities 2211,2 83.6 83.3 85.4 85.2 84.5 82.9 80.2 81.5 81.2 81.3

1. See footnote 2 to table 3.

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)

1981 -.3 -.6 .3 .5 .5 -.5 .1 .1 -.5 -.9 -1.2 -1.7 .8 3.0 -.4 -9.8 1.1

1982 -2.4 2.7 -.8 -.7 -.1 -.2 -.1 -.8 -.3 -1.1 -.6 -.4 -9.3 -2.0 -3.5 -8.1 -5.4

1983 2.4 -.1 1.0 1.1 1.3 .7 1.5 .8 1.9 1.1 .4 .3 9.2 11.9 14.9 12.4 4.8

1984 1.8 1.1 .4 .5 .3 .5 .5 .2 -.2 .4 .3 .4 12.8 6.2 3.7 2.6 9.8

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

1986 1.1 -.6 -.3 .4 .2 -.4 .6 .2 .2 .4 .5 .9 4.5 .0 2.5 5.0 2.2

1987 -.3 1.5 .1 .6 .7 .4 .7 .5 .6 1.6 .6 .6 5.9 7.1 7.2 11.7 5.7

1988 -.2 .2 .3 .8 -.1 .1 .1 .1 .3 .6 .3 .4 2.6 4.4 1.0 4.4 5.3

1989 .8 -.9 -.1 .2 -.8 .2 -1.1 .8 -.2 -.2 .2 .1 2.0 -2.7 -3.2 .3 .8

1990 -.1 1.4 .5 -.3 .2 .3 -.1 .2 .0 -.8 -1.1 -.8 4.3 2.9 1.1 -6.8 .8

1991 -.8 -.6 -.7 .3 .7 1.1 .2 .2 1.1 -.2 -.2 -.1 -8.8 1.9 7.2 1.5 -2.0

1992 -.6 .9 1.0 .5 .6 .3 .9 -.4 .0 .6 .4 -.2 .6 8.2 4.0 2.9 3.6

1993 1.0 .2 -.2 .5 -.1 -.1 .3 -.1 .6 .8 .4 .5 4.5 1.5 1.1 6.9 3.5

1994 .2 .1 1.3 .8 .7 .3 .4 .8 .3 1.0 .8 1.2 5.1 9.4 6.0 9.9 5.9

1995 .3 -.1 .3 -.2 .1 .5 -.6 1.1 .8 -.1 .0 .4 5.5 .6 3.0 3.8 5.2

1996 -.7 1.6 -.2 1.1 .7 1.1 .3 .6 .7 -.1 .8 .9 2.2 9.7 7.8 5.6 4.8

1997 .1 1.4 1.2 -.2 .9 .7 .5 1.6 .8 .6 1.1 .4 9.2 7.7 10.8 10.9 8.4

1998 .8 .1 -.1 .5 .6 -.7 -.5 2.6 -.3 1.0 .2 .5 6.0 2.4 3.3 7.8 6.6

1999 .2 .7 -.1 .4 .9 -.3 .5 .7 -.3 1.5 .6 .7 4.4 4.5 3.8 9.0 5.0

2000 .2 .3 .6 .6 -.2 .2 .0 -.6 .5 -.4 -.3 -.7 5.3 4.2 -.8 -2.7 4.2

2001 -.6 -.6 -.3 -.2 -.8 -.7 -.4 -.7 -.2 -.7 -.3 .3 -6.4 -5.4 -6.3 -4.5 -4.0

2002 .5 -.1 .8 .2 .7 1.1 -.5 .4 .1 -.5 .5 -.5 3.3 6.1 3.4 -.5 .3

2003 .6 .2 .2 -.9 .1 .4 .1 -.3 .7 .0 1.0 -.2 2.3 -2.2 1.5 3.9 1.3

2004 .0 .7 -.3 .4 .7 -.8 .8 .7 -.1 1.1 -.1 .7 2.6 2.9 3.5 5.7 2.8

2005 .8 .8 -.5 .2 .4 .1 -.1 .2 -1.1 1.5 .8 .0 6.7 2.0 -.5 5.5 4.0

2006 .9 -.1 -.1 .6 -.4 .3 -.1 .4 .1 -.3 .1 1.6 4.0 1.0 1.1 1.8 2.5

2007 -.3 .5 .7 .7 -.2 .3 .3 -.5 .5 -.5 .3 .3 5.4 5.2 .8 -.2 2.9

2008 -.3 -.5 -.4 -1.2 -.6 -.6 -1.1 -1.4 -3.4 -.6 -2.4 -3.1 -2.0 -8.9 -13.9 -21.4 -5.0

2009 -2.7 .1 -2.0 -.8 -1.2 -.3 1.3 1.0 .8 .0 .8 .2 -22.2 -11.4 6.6 5.9 -13.5

2010 1.0 .1 .9 .7 1.1 -.1 .8 .1 .2 .3 .3 1.1 7.1 8.7 5.1 4.0 5.4

2011 .8 .6

IP (2007=100)

1981 46.1 45.8 46.0 46.2 46.4 46.2 46.3 46.3 46.1 45.7 45.1 44.4 45.9 46.3 46.2 45.1 45.9

1982 43.3 44.5 44.1 43.8 43.8 43.7 43.6 43.3 43.2 42.7 42.4 42.3 44.0 43.7 43.4 42.5 43.4

1983 43.3 43.3 43.7 44.2 44.7 45.0 45.7 46.0 46.9 47.4 47.6 47.7 43.4 44.6 46.2 47.6 45.5

1984 48.6 49.2 49.4 49.6 49.8 50.0 50.2 50.3 50.2 50.4 50.6 50.7 49.0 49.8 50.2 50.6 49.9

1985 50.6 50.4 50.8 50.6 50.7 50.8 50.5 50.8 50.8 50.7 51.0 51.2 50.6 50.7 50.7 51.0 50.7

1986 51.8 51.5 51.3 51.5 51.6 51.4 51.7 51.8 51.9 52.2 52.4 52.9 51.5 51.5 51.8 52.5 51.8

1987 52.7 53.5 53.5 53.8 54.2 54.4 54.8 55.1 55.4 56.3 56.6 57.0 53.2 54.2 55.1 56.6 54.8

1988 56.9 57.0 57.2 57.6 57.6 57.7 57.7 57.7 57.9 58.2 58.4 58.6 57.0 57.6 57.8 58.4 57.7

1989 59.1 58.5 58.5 58.6 58.1 58.2 57.5 58.0 57.9 57.8 57.9 57.9 58.7 58.3 57.8 57.9 58.2

1990 57.8 58.7 58.9 58.8 58.9 59.0 59.0 59.1 59.1 58.6 57.9 57.5 58.5 58.9 59.1 58.0 58.6

1991 57.1 56.7 56.3 56.5 56.9 57.5 57.7 57.8 58.4 58.3 58.2 58.1 56.7 57.0 58.0 58.2 57.5

1992 57.7 58.3 58.8 59.2 59.5 59.7 60.2 59.9 59.9 60.3 60.6 60.5 58.3 59.4 60.0 60.4 59.5

1993 61.1 61.2 61.1 61.4 61.3 61.3 61.4 61.3 61.7 62.2 62.5 62.9 61.1 61.3 61.5 62.5 61.6

1994 63.0 63.1 63.9 64.4 64.8 65.0 65.3 65.8 66.0 66.7 67.2 68.0 63.3 64.7 65.7 67.3 65.3

1995 68.2 68.1 68.3 68.1 68.2 68.5 68.1 68.9 69.4 69.3 69.4 69.6 68.2 68.3 68.8 69.4 68.7

1996 69.1 70.2 70.1 70.9 71.3 72.1 72.3 72.8 73.3 73.2 73.8 74.4 69.8 71.4 72.8 73.8 72.0

1997 74.5 75.5 76.4 76.2 76.9 77.4 77.8 79.0 79.7 80.2 81.1 81.5 75.4 76.9 78.8 80.9 78.0

1998 82.1 82.2 82.1 82.5 82.9 82.4 81.9 84.1 83.8 84.6 84.8 85.2 82.1 82.6 83.3 84.8 83.2

1999 85.4 86.0 85.9 86.2 87.1 86.8 87.2 87.8 87.5 88.8 89.4 90.0 85.8 86.7 87.5 89.4 87.3

2000 90.2 90.4 91.0 91.6 91.4 91.5 91.5 91.0 91.4 91.1 90.8 90.2 90.6 91.5 91.3 90.7 91.0

2001 89.7 89.1 88.8 88.6 87.9 87.4 87.0 86.4 86.2 85.7 85.4 85.7 89.2 88.0 86.6 85.6 87.3

2002 86.1 86.1 86.7 86.8 87.5 88.4 88.0 88.4 88.5 88.1 88.5 88.0 86.3 87.6 88.3 88.2 87.6

2003 88.5 88.7 88.9 88.1 88.1 88.5 88.5 88.2 88.9 88.9 89.8 89.6 88.7 88.2 88.5 89.4 88.7

2004 89.6 90.3 90.0 90.4 91.1 90.3 91.0 91.6 91.5 92.5 92.4 93.1 90.0 90.6 91.4 92.7 91.2

2005 93.8 94.6 94.2 94.4 94.7 94.8 94.7 94.9 93.9 95.3 96.0 96.0 94.2 94.6 94.5 95.8 94.8

2006 96.9 96.7 96.6 97.2 96.7 97.0 97.0 97.3 97.4 97.1 97.2 98.7 96.7 97.0 97.2 97.7 97.2

2007 98.4 98.9 99.6 100.3 100.1 100.3 100.6 100.1 100.6 100.1 100.4 100.7 99.0 100.2 100.4 100.4 100.0

2008 100.4 99.9 99.4 98.2 97.6 97.0 95.9 94.6 91.4 90.8 88.7 86.0 99.9 97.6 94.0 88.5 95.0

2009 83.6 83.7 82.0 81.4 80.4 80.1 81.2 81.9 82.6 82.6 83.3 83.4 83.1 80.6 81.9 83.1 82.2

2010 84.2 84.3 85.1 85.7 86.7 86.6 87.3 87.4 87.5 87.8 88.0 89.0 84.5 86.3 87.4 88.3 86.6

2011 89.7 90.2

NOTE: Estimates from October 2010 through February 2011 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

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

25
Table 9B

CAPACITY AND UTILIZATION: Manufacturing1

Seasonally adjusted

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

Capacity

(percent of

2007 output)

1981 58.7 58.9 59.0 59.2 59.4 59.5 59.7 59.9 60.0 60.2 60.3 60.4 58.9 59.4 59.9 60.3 59.6

1982 60.6 60.7 60.8 61.0 61.1 61.2 61.3 61.4 61.5 61.5 61.6 61.6 60.7 61.1 61.4 61.6 61.2

1983 61.7 61.7 61.8 61.8 61.8 61.9 61.9 61.9 62.0 62.0 62.1 62.1 61.7 61.8 61.9 62.1 61.9

1984 62.2 62.3 62.4 62.5 62.7 62.8 63.0 63.1 63.3 63.5 63.7 63.9 62.3 62.7 63.1 63.7 62.9

1985 64.0 64.2 64.4 64.6 64.8 65.0 65.1 65.3 65.4 65.5 65.6 65.7 64.2 64.8 65.3 65.6 65.0

1986 65.8 65.8 65.9 65.9 66.0 66.0 66.1 66.2 66.3 66.4 66.5 66.6 65.8 66.0 66.2 66.5 66.1

1987 66.8 66.9 67.1 67.3 67.4 67.6 67.8 67.9 68.1 68.2 68.3 68.4 66.9 67.4 67.9 68.3 67.7

1988 68.5 68.6 68.6 68.6 68.7 68.7 68.7 68.7 68.8 68.8 68.9 69.0 68.5 68.7 68.7 68.9 68.7

1989 69.1 69.2 69.3 69.4 69.6 69.7 69.9 70.0 70.2 70.4 70.6 70.7 69.2 69.6 70.0 70.6 69.8

1990 70.9 71.1 71.2 71.4 71.5 71.7 71.9 72.0 72.1 72.3 72.4 72.5 71.1 71.5 72.0 72.4 71.8

1991 72.7 72.8 72.9 73.0 73.1 73.2 73.3 73.3 73.4 73.5 73.6 73.7 72.8 73.1 73.3 73.6 73.2

1992 73.8 74.0 74.1 74.3 74.4 74.6 74.8 75.0 75.2 75.4 75.6 75.8 74.0 74.4 75.0 75.6 74.8

1993 75.9 76.1 76.2 76.4 76.5 76.6 76.7 76.8 76.9 77.0 77.2 77.3 76.1 76.5 76.8 77.2 76.6

1994 77.5 77.7 77.9 78.1 78.3 78.6 78.8 79.1 79.4 79.7 79.9 80.3 77.7 78.3 79.1 80.0 78.8

1995 80.6 80.9 81.2 81.5 81.8 82.2 82.5 82.9 83.3 83.7 84.1 84.5 80.9 81.8 82.9 84.1 82.4

1996 84.9 85.3 85.8 86.2 86.7 87.2 87.6 88.1 88.6 89.1 89.6 90.1 85.3 86.7 88.1 89.6 87.4

1997 90.6 91.1 91.6 92.2 92.7 93.3 94.0 94.6 95.3 96.0 96.7 97.4 91.1 92.8 94.6 96.7 93.8

1998 98.1 98.9 99.6 100.4 101.1 101.8 102.5 103.1 103.7 104.3 104.9 105.4 98.9 101.1 103.1 104.9 102.0

1999 106.0 106.5 107.0 107.5 108.0 108.4 108.9 109.4 109.9 110.3 110.8 111.3 106.5 108.0 109.4 110.8 108.7

2000 111.8 112.2 112.7 113.2 113.6 114.1 114.5 115.0 115.4 115.8 116.2 116.6 112.2 113.6 115.0 116.2 114.3

2001 117.0 117.3 117.7 118.0 118.3 118.6 118.8 119.1 119.3 119.5 119.6 119.8 117.3 118.3 119.1 119.6 118.6

2002 119.9 120.0 120.1 120.1 120.2 120.2 120.2 120.2 120.2 120.2 120.2 120.2 120.0 120.2 120.2 120.2 120.1

2003 120.2 120.2 120.2 120.1 120.1 120.1 120.1 120.0 120.0 119.9 119.9 119.9 120.2 120.1 120.0 119.9 120.1

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

2005 120.1 120.3 120.4 120.6 120.8 121.0 121.2 121.4 121.7 121.9 122.1 122.3 120.3 120.8 121.4 122.1 121.2

2006 122.5 122.7 122.8 123.0 123.2 123.4 123.6 123.8 124.0 124.3 124.5 124.8 122.7 123.2 123.8 124.5 123.6

2007 125.0 125.3 125.5 125.8 126.0 126.2 126.5 126.7 126.8 127.0 127.1 127.2 125.3 126.0 126.7 127.1 126.3

2008 127.2 127.3 127.2 127.2 127.1 127.0 126.9 126.8 126.6 126.5 126.3 126.1 127.2 127.1 126.8 126.3 126.9

2009 125.8 125.6 125.3 125.0 124.7 124.4 124.1 123.7 123.4 123.0 122.7 122.4 125.6 124.7 123.7 122.7 124.2

2010 122.0 121.7 121.4 121.2 120.9 120.7 120.6 120.4 120.3 120.3 120.2 120.2 121.7 120.9 120.4 120.3 120.8

2011 120.3 120.3

Utilization

(percent)

1981 78.5 77.8 77.8 78.0 78.2 77.6 77.5 77.4 76.8 75.9 74.8 73.4 78.0 78.0 77.2 74.7 77.0

1982 71.5 73.2 72.5 71.9 71.6 71.4 71.2 70.5 70.2 69.4 68.9 68.6 72.4 71.6 70.7 68.9 70.9

1983 70.2 70.1 70.7 71.4 72.3 72.8 73.8 74.4 75.7 76.5 76.7 76.8 70.3 72.2 74.6 76.7 73.4

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

1985 78.9 78.5 78.8 78.3 78.2 78.1 77.5 77.8 77.7 77.3 77.7 77.9 78.7 78.2 77.6 77.7 78.1

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

1987 78.9 79.9 79.8 80.0 80.4 80.5 80.8 81.1 81.4 82.5 82.9 83.3 79.5 80.3 81.1 82.9 81.0

1988 83.0 83.1 83.3 84.0 83.9 84.0 84.0 84.0 84.2 84.6 84.7 85.0 83.2 83.9 84.0 84.7 84.0

1989 85.5 84.6 84.4 84.3 83.5 83.5 82.3 82.8 82.4 82.1 82.0 81.9 84.8 83.8 82.5 82.0 83.3

1990 81.6 82.5 82.7 82.3 82.3 82.3 82.1 82.1 81.9 81.1 80.0 79.3 82.3 82.3 82.0 80.1 81.7

1991 78.5 77.9 77.3 77.4 77.8 78.6 78.7 78.8 79.5 79.3 79.0 78.8 77.9 78.0 79.0 79.0 78.5

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

1993 80.4 80.4 80.1 80.4 80.2 80.0 80.1 79.9 80.3 80.8 81.0 81.3 80.3 80.2 80.1 81.0 80.4

1994 81.3 81.2 82.1 82.5 82.8 82.8 82.8 83.2 83.2 83.7 84.0 84.7 81.5 82.7 83.1 84.1 82.8

1995 84.6 84.2 84.1 83.6 83.3 83.3 82.5 83.1 83.4 82.9 82.5 82.4 84.3 83.4 83.0 82.6 83.3

1996 81.4 82.3 81.7 82.2 82.3 82.8 82.6 82.6 82.7 82.2 82.4 82.6 81.8 82.4 82.6 82.4 82.3

1997 82.2 82.9 83.4 82.7 82.9 82.9 82.8 83.6 83.7 83.6 83.9 83.6 82.8 82.9 83.3 83.7 83.2

1998 83.7 83.1 82.4 82.2 82.0 80.9 80.0 81.5 80.8 81.1 80.8 80.8 83.0 81.7 80.8 80.9 81.6

1999 80.6 80.7 80.3 80.2 80.6 80.0 80.1 80.3 79.7 80.5 80.7 80.9 80.5 80.3 80.0 80.7 80.4

2000 80.7 80.6 80.8 80.9 80.4 80.2 79.9 79.1 79.2 78.7 78.1 77.4 80.7 80.5 79.4 78.1 79.7

2001 76.7 76.0 75.5 75.1 74.3 73.7 73.2 72.6 72.3 71.7 71.4 71.5 76.0 74.4 72.7 71.6 73.7

2002 71.8 71.7 72.2 72.3 72.8 73.6 73.2 73.5 73.6 73.3 73.6 73.2 71.9 72.9 73.5 73.4 72.9

2003 73.7 73.8 74.0 73.3 73.4 73.7 73.7 73.5 74.1 74.1 74.9 74.7 73.8 73.4 73.8 74.6 73.9

2004 74.8 75.4 75.2 75.5 76.1 75.5 76.1 76.6 76.4 77.2 77.1 77.6 75.1 75.7 76.3 77.3 76.1

2005 78.1 78.6 78.2 78.2 78.4 78.4 78.1 78.2 77.2 78.2 78.7 78.5 78.3 78.3 77.8 78.5 78.2

2006 79.1 78.9 78.6 79.0 78.5 78.6 78.4 78.6 78.5 78.1 78.0 79.1 78.9 78.7 78.5 78.4 78.6

2007 78.7 79.0 79.3 79.7 79.4 79.5 79.5 79.0 79.3 78.8 79.0 79.2 79.0 79.5 79.3 79.0 79.2

2008 78.9 78.5 78.1 77.2 76.8 76.3 75.6 74.6 72.2 71.8 70.2 68.2 78.5 76.8 74.1 70.1 74.9

2009 66.4 66.6 65.5 65.1 64.4 64.4 65.4 66.2 67.0 67.1 67.9 68.2 66.2 64.6 66.2 67.7 66.2

2010 69.0 69.3 70.0 70.7 71.7 71.7 72.4 72.6 72.7 73.0 73.2 74.0 69.4 71.4 72.6 73.4 71.7

2011 74.5 75.0

NOTE: Estimates from October 2010 through February 2011 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

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)

1981 -.7 -.5 .5 -.6 .6 .5 .6 -.1 -.7 -.8 -1.1 -1.2 .2 .4 3.1 -9.5 .6

1982 -2.0 1.8 -.8 -1.0 -.7 -.4 -.5 -.8 -.5 -.9 -.5 -.9 -8.7 -5.7 -6.3 -8.0 -6.0

1983 1.9 -.7 .7 1.1 .6 .5 1.4 1.2 1.2 .7 .2 .5 3.8 8.1 13.3 9.6 1.8

1984 2.0 .4 .4 .5 .4 .2 .3 .0 -.2 -.2 .3 .1 11.6 5.1 1.8 -.4 7.9

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

1986 .5 -.8 -.7 .1 .1 -.2 .4 -.3 .1 .4 .4 .8 2.4 -2.5 .6 4.0 .9

1987 -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 4.3 6.5 6.0 9.2 4.3

1988 .0 .4 .2 .4 -.2 .2 .1 .5 -.4 .5 .2 .4 3.1 2.6 1.2 2.6 4.4

1989 .3 -.4 .3 .0 -.7 .0 -1.1 .8 -.3 -.2 .2 .6 2.0 -1.6 -3.5 .8 .6

1990 -.7 .9 .5 -.2 .1 .3 -.1 .2 .2 -.8 -1.3 -.8 2.2 2.5 1.3 -6.7 .3

1991 -.4 -.8 -.6 .2 1.0 1.0 .0 .0 .9 -.2 -.2 -.5 -8.0 2.0 5.3 .3 -2.0

1992 -.8 .8 .8 .6 .2 -.1 .8 -.6 .1 .6 .3 .0 -1.9 6.2 1.8 2.9 1.9

1993 .5 .3 -.1 .3 -.4 .2 .3 -.1 .4 .7 .3 .5 3.1 .3 1.4 5.1 2.5

1994 .4 .0 .9 .3 .3 .6 .0 .4 .0 .6 .4 .9 4.5 5.3 3.2 5.7 4.0

1995 .1 -.2 -.1 -.3 .1 .2 -.6 1.1 .1 -.5 .1 .1 2.9 -1.2 1.5 .2 2.4

1996 -1.0 1.3 -.3 .8 .5 .7 -.5 .4 .3 -.3 .8 .5 -.4 6.4 2.1 3.0 1.7

1997 -.1 .9 .5 -.3 .3 .2 .3 1.0 .7 .6 .6 .1 5.1 2.4 6.2 7.8 4.2

1998 .2 .0 -.1 .2 .6 -.9 -.8 2.0 -.7 .6 -.3 .1 1.9 .8 -.3 2.4 3.1

1999 .2 .1 -.1 -.1 .6 -.4 .3 .4 -.4 1.2 .2 .5 .6 .3 1.1 5.4 1.1

2000 -.3 .0 .1 .4 -.2 -.1 -.6 -.4 .4 -.5 -.2 -.5 .5 1.5 -3.0 -2.7 1.0

2001 -.7 -.5 -.3 -.1 -.7 -.5 -.3 -.3 -.4 -.5 -.4 -.1 -5.9 -4.4 -4.6 -4.8 -4.0

2002 .7 -.1 .8 .4 .5 .9 -.4 .1 .0 -.4 .4 -.6 3.0 6.4 1.8 -1.1 .3

2003 .7 .2 -.3 -.9 -.1 -.1 .2 -.1 .6 -.2 .7 -.1 1.7 -4.6 .9 2.6 .2

2004 .2 .6 -.6 .5 .7 -.9 .7 .2 -.1 1.0 .2 .7 2.2 1.8 1.6 5.4 1.7

2005 .4 .6 -.2 .0 .1 .3 -.3 .0 -2.2 1.2 1.0 .5 5.3 .9 -3.0 2.0 2.5

2006 .1 .0 .2 .4 -.3 .3 .2 .2 -.2 .0 -.2 1.0 3.4 1.7 1.2 .3 1.4

2007 -.3 1.0 -.2 .6 .0 .1 .1 -.1 .4 -.8 .2 .1 3.7 3.6 1.1 -1.5 1.9

2008 -.3 -.3 -.5 -.9 -.6 -.3 -.3 -1.7 -4.3 1.1 -1.1 -2.5 -2.4 -7.4 -12.2 -14.7 -4.4

2009 -2.1 -.6 -1.8 -1.0 -1.1 -.5 1.0 .9 .6 .2 .2 .6 -18.7 -12.5 4.8 5.2 -11.2

2010 1.2 .1 .5 .3 1.4 .1 .9 .2 .3 -.1 .3 1.3 7.9 6.9 6.8 3.0 5.0

2011 .1 -.1

IP (2007=100)

1981 68.6 68.2 68.5 68.1 68.5 68.8 69.3 69.2 68.7 68.1 67.4 66.5 68.4 68.5 69.0 67.3 68.3

1982 65.2 66.4 65.9 65.3 64.8 64.5 64.2 63.8 63.5 62.9 62.6 62.0 65.8 64.9 63.8 62.5 64.3

1983 63.2 62.8 63.3 64.0 64.4 64.7 65.6 66.4 67.2 67.7 67.9 68.2 63.1 64.3 66.4 67.9 65.4

1984 69.5 69.8 70.1 70.4 70.7 70.9 71.1 71.0 70.9 70.7 71.0 71.1 69.8 70.7 71.0 70.9 70.6

1985 70.8 71.2 71.3 71.2 71.3 71.3 70.9 71.2 71.5 71.2 71.5 72.2 71.1 71.3 71.2 71.6 71.3

1986 72.6 72.1 71.6 71.6 71.7 71.6 71.8 71.6 71.7 72.0 72.3 72.9 72.1 71.6 71.7 72.4 72.0

1987 72.6 73.5 73.6 73.9 74.4 74.7 75.1 75.6 75.7 76.8 77.1 77.4 73.2 74.3 75.4 77.1 75.0

1988 77.5 77.8 77.9 78.3 78.1 78.3 78.3 78.7 78.4 78.8 78.9 79.3 77.7 78.2 78.5 79.0 78.3

1989 79.5 79.2 79.4 79.4 78.9 78.9 78.0 78.6 78.4 78.2 78.4 78.8 79.4 79.0 78.3 78.5 78.8

1990 78.3 79.0 79.4 79.3 79.4 79.6 79.5 79.7 79.8 79.2 78.1 77.6 78.9 79.4 79.7 78.3 79.1

1991 77.2 76.6 76.2 76.3 77.0 77.8 77.8 77.8 78.5 78.4 78.2 77.8 76.7 77.0 78.1 78.1 77.5

1992 77.2 77.7 78.3 78.8 79.0 78.9 79.5 79.1 79.2 79.7 79.9 79.9 77.7 78.9 79.3 79.8 78.9

1993 80.3 80.6 80.5 80.7 80.4 80.5 80.8 80.7 81.0 81.5 81.8 82.2 80.5 80.5 80.8 81.8 80.9

1994 82.5 82.5 83.2 83.4 83.7 84.2 84.2 84.5 84.6 85.1 85.5 86.3 82.7 83.8 84.4 85.6 84.1

1995 86.4 86.2 86.1 85.9 85.9 86.1 85.6 86.6 86.6 86.2 86.3 86.4 86.2 86.0 86.3 86.3 86.2

1996 85.6 86.7 86.4 87.1 87.6 88.1 87.7 88.1 88.4 88.1 88.8 89.2 86.2 87.6 88.1 88.7 87.7

1997 89.1 89.9 90.4 90.1 90.4 90.6 90.9 91.8 92.5 93.0 93.6 93.7 89.8 90.3 91.7 93.4 91.3

1998 93.9 93.9 93.8 94.0 94.5 93.7 92.9 94.8 94.2 94.7 94.4 94.5 93.9 94.1 94.0 94.5 94.1

1999 94.6 94.8 94.7 94.6 95.1 94.7 94.9 95.3 94.9 96.0 96.2 96.7 94.7 94.8 95.0 96.3 95.2

2000 96.4 96.4 96.5 96.9 96.7 96.7 96.1 95.8 96.2 95.7 95.5 95.0 96.4 96.8 96.0 95.4 96.2

2001 94.4 93.9 93.6 93.5 92.9 92.4 92.1 91.9 91.5 91.0 90.6 90.5 94.0 92.9 91.8 90.7 92.3

2002 91.2 91.1 91.8 92.2 92.7 93.5 93.1 93.2 93.3 92.9 93.3 92.7 91.4 92.8 93.2 92.9 92.6

2003 93.3 93.5 93.2 92.3 92.3 92.2 92.3 92.2 92.8 92.6 93.3 93.2 93.3 92.3 92.5 93.1 92.8

2004 93.4 93.9 93.3 93.8 94.5 93.6 94.3 94.4 94.3 95.3 95.4 96.1 93.6 94.0 94.3 95.6 94.4

2005 96.5 97.1 96.9 96.9 97.0 97.3 97.1 97.1 94.9 96.0 96.9 97.5 96.8 97.1 96.3 96.8 96.8

2006 97.6 97.6 97.8 98.1 97.8 98.2 98.3 98.5 98.2 98.2 98.0 99.0 97.6 98.0 98.3 98.4 98.1

2007 98.7 99.7 99.5 100.2 100.1 100.2 100.4 100.3 100.7 99.9 100.1 100.2 99.3 100.2 100.4 100.1 100.0

2008 99.9 99.5 99.0 98.1 97.5 97.2 96.9 95.2 91.2 92.2 91.2 88.9 99.5 97.6 94.5 90.8 95.6

2009 87.0 86.6 85.0 84.1 83.2 82.8 83.7 84.4 85.0 85.1 85.3 85.8 86.2 83.4 84.3 85.4 84.8

2010 86.8 86.9 87.4 87.7 88.9 89.0 89.8 90.0 90.2 90.1 90.3 91.5 87.1 88.5 90.0 90.6 89.1

2011 91.6 91.6

NOTE: Estimates from October 2010 through February 2011 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

2007 output)

1981 85.3 85.4 85.6 85.7 85.9 86.0 86.2 86.3 86.5 86.6 86.8 86.9 85.4 85.9 86.3 86.8 86.1

1982 87.0 87.2 87.3 87.4 87.5 87.6 87.6 87.7 87.7 87.7 87.8 87.8 87.2 87.5 87.7 87.7 87.5

1983 87.7 87.7 87.7 87.7 87.7 87.6 87.6 87.6 87.6 87.6 87.6 87.6 87.7 87.7 87.6 87.6 87.7

1984 87.7 87.7 87.8 87.9 88.0 88.1 88.2 88.3 88.5 88.6 88.8 88.9 87.7 88.0 88.3 88.8 88.2

1985 89.1 89.2 89.4 89.6 89.7 89.9 90.0 90.2 90.3 90.4 90.5 90.6 89.2 89.7 90.2 90.5 89.9

1986 90.7 90.8 90.9 91.0 91.0 91.1 91.2 91.2 91.3 91.4 91.5 91.6 90.8 91.0 91.2 91.5 91.1

1987 91.6 91.7 91.8 91.9 92.0 92.1 92.2 92.3 92.4 92.5 92.5 92.6 91.7 92.0 92.3 92.5 92.2

1988 92.6 92.6 92.6 92.6 92.6 92.6 92.6 92.7 92.7 92.7 92.8 92.9 92.6 92.6 92.7 92.8 92.7

1989 92.9 93.0 93.2 93.3 93.4 93.6 93.7 93.9 94.1 94.2 94.4 94.5 93.0 93.4 93.9 94.4 93.7

1990 94.7 94.9 95.0 95.1 95.3 95.4 95.5 95.7 95.8 95.9 96.0 96.1 94.9 95.3 95.7 96.0 95.5

1991 96.2 96.4 96.5 96.6 96.7 96.8 96.9 97.0 97.1 97.2 97.3 97.4 96.4 96.7 97.0 97.3 96.8

1992 97.5 97.6 97.7 97.8 97.9 98.0 98.0 98.1 98.2 98.3 98.4 98.5 97.6 97.9 98.1 98.4 98.0

1993 98.6 98.7 98.8 98.9 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 98.7 99.0 99.3 99.6 99.2

1994 99.8 100.0 100.1 100.2 100.4 100.5 100.7 100.8 101.0 101.2 101.3 101.5 100.0 100.4 100.8 101.3 100.6

1995 101.7 101.9 102.1 102.2 102.4 102.6 102.8 103.0 103.1 103.3 103.5 103.7 101.9 102.4 103.0 103.5 102.7

1996 103.8 104.0 104.2 104.4 104.5 104.7 104.9 105.1 105.4 105.6 105.9 106.1 104.0 104.5 105.1 105.9 104.9

1997 106.4 106.7 107.0 107.4 107.7 108.1 108.5 108.9 109.3 109.7 110.2 110.6 106.7 107.7 108.9 110.2 108.4

1998 111.0 111.4 111.9 112.3 112.7 113.1 113.5 113.9 114.2 114.6 114.9 115.3 111.4 112.7 113.9 114.9 113.2

1999 115.6 115.9 116.1 116.4 116.7 116.9 117.1 117.3 117.5 117.7 117.9 118.1 115.9 116.7 117.3 117.9 116.9

2000 118.3 118.4 118.6 118.7 118.8 119.0 119.1 119.2 119.4 119.5 119.6 119.8 118.4 118.8 119.2 119.6 119.0

2001 119.9 120.0 120.1 120.3 120.4 120.5 120.7 120.8 121.0 121.1 121.2 121.3 120.0 120.4 120.8 121.2 120.6

2002 121.4 121.5 121.6 121.7 121.7 121.7 121.7 121.7 121.7 121.6 121.5 121.4 121.5 121.7 121.7 121.5 121.6

2003 121.3 121.3 121.2 121.1 121.0 120.9 120.8 120.8 120.8 120.7 120.7 120.7 121.3 121.0 120.8 120.7 120.9

2004 120.7 120.6 120.6 120.6 120.6 120.5 120.5 120.5 120.4 120.4 120.4 120.3 120.6 120.6 120.5 120.4 120.5

2005 120.3 120.3 120.3 120.3 120.3 120.4 120.4 120.5 120.6 120.7 120.9 121.0 120.3 120.3 120.5 120.9 120.5

2006 121.1 121.3 121.5 121.7 121.8 122.0 122.2 122.4 122.6 122.8 123.0 123.1 121.3 121.9 122.4 123.0 122.1

2007 123.3 123.4 123.5 123.6 123.6 123.6 123.6 123.6 123.5 123.5 123.4 123.3 123.4 123.6 123.6 123.4 123.5

2008 123.2 123.2 123.1 123.1 123.1 123.1 123.2 123.3 123.4 123.5 123.6 123.7 123.2 123.1 123.3 123.6 123.3

2009 123.7 123.7 123.7 123.6 123.5 123.3 123.1 122.8 122.4 122.1 121.7 121.3 123.7 123.5 122.8 121.7 122.9

2010 121.0 120.6 120.3 120.0 119.8 119.6 119.4 119.3 119.3 119.2 119.2 119.3 120.6 119.8 119.3 119.3 119.8

2011 119.3 119.4

Utilization

(percent)

1981 80.4 79.9 80.1 79.5 79.8 80.0 80.4 80.1 79.4 78.7 77.6 76.6 80.1 79.8 80.0 77.6 79.4

1982 74.9 76.2 75.5 74.7 74.1 73.7 73.3 72.7 72.4 71.7 71.3 70.7 75.5 74.2 72.8 71.2 73.4

1983 72.1 71.6 72.1 72.9 73.4 73.8 74.8 75.8 76.7 77.3 77.5 77.8 71.9 73.4 75.8 77.5 74.6

1984 79.3 79.5 79.8 80.1 80.4 80.5 80.6 80.4 80.1 79.8 80.0 79.9 79.5 80.3 80.4 79.9 80.0

1985 79.5 79.8 79.7 79.5 79.5 79.3 78.7 78.9 79.2 78.8 78.9 79.7 79.7 79.4 79.0 79.1 79.3

1986 80.0 79.3 78.7 78.7 78.7 78.5 78.8 78.5 78.5 78.8 79.1 79.6 79.4 78.7 78.6 79.2 79.0

1987 79.2 80.1 80.1 80.4 80.8 81.1 81.4 81.8 81.9 83.0 83.4 83.7 79.8 80.8 81.7 83.4 81.4

1988 83.7 84.0 84.1 84.5 84.4 84.5 84.6 84.9 84.5 84.9 85.0 85.3 83.9 84.4 84.7 85.1 84.5

1989 85.5 85.1 85.3 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 82.7 83.3 83.6 83.3 83.3 83.4 83.2 83.3 83.3 82.5 81.4 80.7 83.2 83.3 83.3 81.5 82.8

1991 80.2 79.5 78.9 79.0 79.7 80.4 80.3 80.3 80.9 80.6 80.4 79.9 79.6 79.7 80.5 80.3 80.0

1992 79.2 79.7 80.2 80.6 80.8 80.6 81.1 80.6 80.6 81.0 81.2 81.1 79.7 80.7 80.8 81.1 80.6

1993 81.4 81.6 81.5 81.6 81.2 81.2 81.4 81.2 81.5 81.9 82.1 82.4 81.5 81.3 81.4 82.1 81.6

1994 82.6 82.5 83.1 83.2 83.4 83.8 83.7 83.9 83.7 84.1 84.4 85.0 82.7 83.5 83.8 84.5 83.6

1995 84.9 84.6 84.4 84.0 83.9 83.9 83.3 84.1 84.0 83.5 83.4 83.4 84.6 83.9 83.8 83.4 83.9

1996 82.4 83.4 83.0 83.5 83.8 84.2 83.6 83.8 83.9 83.4 83.9 84.1 82.9 83.8 83.7 83.8 83.6

1997 83.8 84.3 84.4 83.9 83.9 83.8 83.8 84.3 84.6 84.8 85.0 84.7 84.1 83.9 84.2 84.8 84.3

1998 84.6 84.2 83.9 83.7 83.9 82.8 81.9 83.3 82.5 82.7 82.1 82.0 84.2 83.5 82.5 82.3 83.1

1999 81.9 81.8 81.5 81.2 81.5 81.0 81.0 81.2 80.7 81.5 81.6 81.9 81.7 81.2 81.0 81.7 81.4

2000 81.5 81.4 81.4 81.6 81.4 81.3 80.7 80.3 80.6 80.0 79.8 79.3 81.4 81.4 80.5 79.7 80.8

2001 78.7 78.2 77.9 77.7 77.1 76.6 76.3 76.0 75.6 75.1 74.7 74.6 78.3 77.2 76.0 74.8 76.6

2002 75.1 75.0 75.5 75.8 76.1 76.8 76.5 76.6 76.7 76.4 76.8 76.3 75.2 76.2 76.6 76.5 76.1

2003 76.9 77.1 76.9 76.3 76.3 76.2 76.4 76.4 76.8 76.7 77.3 77.3 77.0 76.3 76.5 77.1 76.7

2004 77.4 77.9 77.4 77.8 78.4 77.7 78.2 78.4 78.3 79.1 79.3 79.9 77.5 77.9 78.3 79.4 78.3

2005 80.2 80.7 80.6 80.5 80.6 80.8 80.6 80.5 78.7 79.5 80.2 80.6 80.5 80.6 79.9 80.1 80.3

2006 80.5 80.4 80.5 80.7 80.3 80.4 80.4 80.4 80.1 80.0 79.7 80.4 80.5 80.5 80.3 80.0 80.3

2007 80.1 80.8 80.6 81.0 81.0 81.1 81.2 81.1 81.5 80.9 81.1 81.3 80.5 81.0 81.3 81.1 81.0

2008 81.0 80.8 80.4 79.7 79.2 79.0 78.7 77.3 73.9 74.7 73.8 71.9 80.8 79.3 76.6 73.5 77.5

2009 70.3 70.0 68.7 68.1 67.3 67.1 68.0 68.8 69.4 69.7 70.1 70.7 69.7 67.5 68.7 70.2 69.0

2010 71.8 72.1 72.6 73.0 74.2 74.4 75.2 75.4 75.6 75.6 75.8 76.7 72.2 73.9 75.4 76.0 74.4

2011 76.8 76.7

NOTE: Estimates from October 2010 through February 2011 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)

1981 -.5 -.6 .3 .4 .4 -.6 .1 .0 -.6 -1.1 -1.2 -1.8 -.3 1.9 -1.5 -11.2 .1

1982 -2.5 2.5 -.8 -.8 -.2 -.2 -.3 -.7 -.4 -1.2 -.7 -.5 -10.5 -3.0 -4.3 -9.2 -6.6

1983 2.5 -.2 .8 1.0 1.2 .6 1.3 .9 1.5 1.1 .3 .2 8.2 10.6 13.6 11.0 3.7

1984 1.8 1.0 .3 .4 .2 .3 .4 .0 -.3 .3 .3 .4 11.7 4.6 2.3 1.9 8.5

1985 -.5 -.2 .8 -.2 .1 .1 -.5 .6 .2 -.3 .6 .4 -.1 1.6 .5 2.3 1.4

1986 1.2 -.6 -.3 .4 .1 -.2 .2 .1 .2 .4 .4 .8 4.7 -.1 1.2 4.3 2.2

1987 -.5 1.4 .1 .4 .6 .3 .6 .3 .5 1.6 .6 .5 4.6 6.1 5.6 10.6 4.6

1988 -.2 .2 .2 .8 -.2 .1 .0 .1 .2 .5 .3 .4 2.0 3.4 .3 4.2 4.4

1989 .9 -1.0 .0 .1 -.9 .2 -1.4 .8 -.3 -.3 .1 .0 2.3 -3.1 -4.3 -.7 .4

1990 -.3 1.5 .4 -.3 .1 .2 -.2 .2 -.1 -.9 -1.2 -.8 3.6 2.3 .6 -7.6 .0

1991 -.8 -.8 -.8 .3 .7 1.1 .3 .2 1.1 -.2 -.3 -.3 -9.7 1.4 7.0 1.0 -2.6

1992 -.9 .9 .9 .4 .5 .1 .8 -.5 -.1 .5 .3 -.2 -1.1 7.1 2.7 1.4 2.6

1993 1.1 .1 -.3 .5 -.2 -.2 .2 -.2 .5 .7 .3 .5 4.0 .7 .4 5.7 2.5

1994 .1 .1 1.2 .5 .4 .2 .2 .6 .1 .8 .5 .9 4.2 7.0 3.7 7.0 4.4

1995 .1 -.3 -.1 -.4 -.1 .3 -.8 .9 .5 -.4 -.1 .0 2.8 -2.2 .3 .6 2.5

1996 -1.2 1.3 -.4 1.0 .5 .8 -.1 .3 .4 -.4 .7 .7 -1.8 7.3 4.0 2.8 1.5

1997 -.2 1.0 .9 -.7 .5 .4 .1 1.3 .6 .5 .8 .2 6.1 2.9 6.8 8.2 4.9

1998 .5 -.1 -.3 .2 .4 -1.1 -.9 2.4 -.8 .7 -.1 .2 3.1 -.2 -.5 4.1 3.5

1999 -.1 .4 -.4 .0 .7 -.7 .0 .6 -.4 1.4 .3 .3 .7 .3 .2 6.6 1.4

2000 -.3 -.2 .3 .4 -.6 .0 -.4 -.8 .4 -.5 -.6 -.9 .3 .6 -3.7 -4.7 .7

2001 -.6 -.5 -.3 -.1 -.7 -.5 -.1 -.7 -.3 -.7 -.2 .2 -6.9 -4.3 -4.9 -4.6 -4.8

2002 .7 -.1 .8 .1 .7 1.0 -.5 .3 .1 -.5 .4 -.7 3.7 5.7 2.4 -1.4 .4

2003 .5 .0 .1 -1.1 -.1 .3 -.1 -.4 .7 -.2 .9 -.3 .7 -3.9 .1 2.9 .0

2004 -.1 .8 -.3 .5 .7 -.9 .8 .6 -.3 1.1 -.1 .6 1.8 3.1 3.1 5.2 2.0

2005 .7 .8 -.6 .1 .3 .1 -.3 .1 -1.3 1.4 .7 -.1 5.7 .9 -2.1 4.2 3.1

2006 .8 -.2 -.2 .5 -.6 .2 -.1 .3 .0 -.4 .0 1.6 3.3 .0 .2 .9 1.5

2007 -.4 .4 .5 .5 -.2 .4 .3 -.6 .4 -.8 .1 .2 4.5 4.0 .8 -2.3 2.0

2008 -.4 -.7 -.6 -1.3 -.7 -.6 -1.0 -1.4 -3.5 -.4 -2.2 -3.0 -3.6 -10.0 -14.1 -20.4 -6.0

2009 -2.8 .1 -2.2 -1.0 -1.3 -.4 1.3 .9 .8 -.1 .8 .2 -22.2 -12.9 5.9 5.4 -13.7

2010 1.0 .0 .9 .7 1.2 -.1 .9 .0 .1 .2 .1 .9 6.8 8.6 5.1 3.0 5.0

2011 .7 .5

IP (2007=100)

1981 65.9 65.5 65.7 65.9 66.2 65.8 65.9 65.9 65.5 64.8 64.0 62.8 65.7 66.0 65.7 63.8 65.3

1982 61.2 62.8 62.3 61.8 61.6 61.5 61.3 60.9 60.6 59.9 59.4 59.1 62.1 61.6 60.9 59.5 61.0

1983 60.6 60.5 61.0 61.6 62.3 62.7 63.5 64.1 65.1 65.8 65.9 66.1 60.7 62.2 64.2 65.9 63.3

1984 67.3 67.9 68.2 68.4 68.5 68.7 69.0 69.0 68.8 69.1 69.2 69.5 67.8 68.5 68.9 69.3 68.6

1985 69.2 69.0 69.6 69.4 69.5 69.6 69.3 69.7 69.8 69.6 70.0 70.3 69.2 69.5 69.6 70.0 69.6

1986 71.2 70.7 70.5 70.8 70.9 70.7 70.9 71.0 71.1 71.4 71.7 72.2 70.8 70.8 71.0 71.7 71.1

1987 71.9 72.9 72.9 73.2 73.7 73.9 74.3 74.6 75.0 76.1 76.5 76.9 72.5 73.6 74.6 76.5 74.3

1988 76.8 76.9 77.1 77.7 77.5 77.5 77.5 77.6 77.8 78.2 78.4 78.7 76.9 77.6 77.6 78.4 77.6

1989 79.4 78.6 78.6 78.7 78.0 78.1 77.1 77.7 77.5 77.2 77.3 77.3 78.9 78.3 77.4 77.3 78.0

1990 77.1 78.2 78.5 78.3 78.4 78.5 78.4 78.6 78.5 77.8 76.9 76.2 77.9 78.4 78.5 77.0 78.0

1991 75.6 75.1 74.5 74.7 75.2 76.0 76.2 76.4 77.2 77.0 76.8 76.5 75.1 75.3 76.6 76.8 75.9

1992 75.9 76.6 77.3 77.6 78.0 78.1 78.7 78.3 78.2 78.6 78.8 78.6 76.6 77.9 78.4 78.7 77.9

1993 79.5 79.5 79.3 79.7 79.6 79.4 79.6 79.4 79.9 80.5 80.7 81.1 79.4 79.6 79.7 80.8 79.9

1994 81.2 81.3 82.3 82.7 83.1 83.2 83.4 83.9 84.0 84.6 85.1 85.9 81.6 83.0 83.8 85.2 83.4

1995 86.0 85.7 85.6 85.3 85.1 85.4 84.7 85.4 85.9 85.5 85.4 85.4 85.8 85.3 85.3 85.5 85.5

1996 84.5 85.6 85.2 86.1 86.5 87.2 87.1 87.4 87.8 87.4 88.0 88.7 85.1 86.6 87.4 88.0 86.8

1997 88.5 89.4 90.2 89.6 90.0 90.4 90.5 91.7 92.3 92.7 93.5 93.7 89.3 90.0 91.5 93.3 91.0

1998 94.2 94.1 93.8 94.0 94.5 93.4 92.6 94.8 94.1 94.8 94.7 94.9 94.0 94.0 93.9 94.8 94.2

1999 94.8 95.2 94.8 94.8 95.5 94.9 94.8 95.4 95.0 96.3 96.6 97.0 95.0 95.1 95.1 96.6 95.4

2000 96.7 96.6 96.9 97.2 96.7 96.7 96.3 95.6 95.9 95.4 94.9 94.1 96.7 96.9 95.9 94.8 96.1

2001 93.5 93.1 92.8 92.7 92.0 91.5 91.4 90.8 90.6 89.9 89.8 89.9 93.1 92.1 90.9 89.9 91.5

2002 90.5 90.4 91.1 91.2 91.8 92.8 92.3 92.6 92.6 92.2 92.5 91.9 90.7 91.9 92.5 92.2 91.8

2003 92.3 92.3 92.4 91.4 91.3 91.6 91.5 91.1 91.8 91.6 92.5 92.2 92.3 91.4 91.4 92.1 91.8

2004 92.1 92.8 92.6 93.0 93.7 92.9 93.6 94.2 93.9 95.0 94.9 95.5 92.5 93.2 93.9 95.1 93.7

2005 96.1 96.9 96.3 96.4 96.8 96.8 96.5 96.6 95.3 96.7 97.4 97.4 96.4 96.7 96.2 97.2 96.6

2006 98.2 97.9 97.8 98.3 97.7 97.9 97.8 98.1 98.1 97.7 97.7 99.3 98.0 98.0 98.0 98.2 98.0

2007 98.9 99.3 99.8 100.3 100.1 100.5 100.8 100.1 100.6 99.8 99.9 100.1 99.3 100.3 100.5 99.9 100.0

2008 99.6 99.0 98.4 97.1 96.4 95.8 94.8 93.4 90.2 89.8 87.9 85.3 99.0 96.4 92.8 87.6 94.0

2009 82.9 82.9 81.1 80.3 79.3 79.0 80.0 80.7 81.3 81.2 81.9 82.0 82.3 79.5 80.7 81.7 81.1

2010 82.8 82.8 83.6 84.2 85.2 85.1 85.8 85.8 86.0 86.2 86.3 87.1 83.1 84.8 85.9 86.5 85.1

2011 87.7 88.1

NOTE: Estimates from October 2010 through February 2011 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

2. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

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

29
Table 11B

CAPACITY AND UTILIZATION: Manufacturing Excluding Selected High-Technology Industries1,2

Seasonally adjusted

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

Capacity

(percent of

2007 output)

1981 84.5 84.7 84.8 85.0 85.2 85.3 85.5 85.6 85.8 85.9 86.0 86.1 84.7 85.2 85.6 86.0 85.4

1982 86.2 86.3 86.4 86.5 86.6 86.7 86.7 86.8 86.8 86.8 86.8 86.8 86.3 86.6 86.8 86.8 86.6

1983 86.8 86.8 86.7 86.7 86.7 86.6 86.6 86.6 86.6 86.6 86.6 86.6 86.8 86.7 86.6 86.6 86.7

1984 86.6 86.7 86.7 86.8 86.9 87.0 87.2 87.3 87.4 87.6 87.8 88.0 86.7 86.9 87.3 87.8 87.2

1985 88.1 88.3 88.5 88.7 88.9 89.0 89.2 89.3 89.5 89.6 89.7 89.8 88.3 88.9 89.3 89.7 89.1

1986 89.9 89.9 90.0 90.0 90.1 90.1 90.2 90.3 90.4 90.5 90.6 90.7 89.9 90.1 90.3 90.6 90.2

1987 90.8 90.9 91.1 91.2 91.4 91.5 91.6 91.7 91.8 91.9 92.0 92.0 90.9 91.4 91.7 92.0 91.5

1988 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.1 92.2 92.3 92.1 92.1 92.1 92.2 92.1

1989 92.4 92.5 92.6 92.7 92.9 93.0 93.2 93.4 93.5 93.7 93.9 94.1 92.5 92.9 93.4 93.9 93.2

1990 94.2 94.4 94.6 94.7 94.9 95.0 95.2 95.3 95.4 95.6 95.7 95.8 94.4 94.9 95.3 95.7 95.1

1991 96.0 96.1 96.2 96.3 96.5 96.6 96.7 96.8 96.9 97.0 97.1 97.2 96.1 96.5 96.8 97.1 96.6

1992 97.3 97.4 97.5 97.6 97.7 97.9 98.0 98.1 98.2 98.3 98.4 98.5 97.4 97.7 98.1 98.4 97.9

1993 98.7 98.8 98.9 99.0 99.1 99.2 99.3 99.4 99.5 99.6 99.7 99.8 98.8 99.1 99.4 99.7 99.2

1994 99.9 100.0 100.2 100.3 100.4 100.6 100.7 100.9 101.0 101.2 101.4 101.6 100.1 100.4 100.9 101.4 100.7

1995 101.8 102.0 102.2 102.4 102.6 102.8 103.0 103.2 103.4 103.6 103.8 104.0 102.0 102.6 103.2 103.8 102.9

1996 104.2 104.4 104.7 104.9 105.1 105.3 105.5 105.8 106.1 106.3 106.6 106.9 104.4 105.1 105.8 106.6 105.5

1997 107.3 107.6 108.0 108.4 108.8 109.2 109.6 110.1 110.6 111.1 111.5 112.0 107.6 108.8 110.1 111.5 109.5

1998 112.5 113.0 113.5 114.0 114.5 114.9 115.4 115.8 116.2 116.6 117.0 117.4 113.0 114.4 115.8 117.0 115.1

1999 117.7 118.1 118.4 118.7 119.0 119.3 119.6 119.8 120.1 120.3 120.6 120.8 118.1 119.0 119.8 120.6 119.4

2000 121.0 121.2 121.4 121.6 121.8 122.0 122.1 122.3 122.5 122.6 122.8 122.9 121.2 121.8 122.3 122.8 122.0

2001 123.0 123.1 123.3 123.4 123.5 123.5 123.6 123.7 123.7 123.8 123.8 123.8 123.1 123.5 123.7 123.8 123.5

2002 123.8 123.8 123.8 123.8 123.8 123.7 123.7 123.6 123.6 123.5 123.5 123.4 123.8 123.8 123.6 123.5 123.7

2003 123.3 123.3 123.2 123.1 123.1 123.0 122.9 122.9 122.8 122.8 122.7 122.7 123.3 123.1 122.9 122.7 123.0

2004 122.6 122.6 122.5 122.5 122.5 122.4 122.4 122.4 122.4 122.4 122.4 122.4 122.6 122.5 122.4 122.4 122.5

2005 122.5 122.5 122.6 122.7 122.8 122.9 123.0 123.1 123.3 123.4 123.6 123.8 122.5 122.8 123.1 123.6 123.0

2006 124.0 124.2 124.4 124.5 124.7 124.9 125.1 125.3 125.4 125.6 125.7 125.8 124.2 124.7 125.2 125.7 125.0

2007 126.0 126.1 126.2 126.3 126.4 126.4 126.5 126.6 126.6 126.6 126.7 126.7 126.1 126.4 126.6 126.7 126.4

2008 126.7 126.7 126.7 126.6 126.6 126.5 126.4 126.3 126.1 125.9 125.7 125.5 126.7 126.6 126.3 125.7 126.3

2009 125.2 124.9 124.5 124.2 123.8 123.4 122.9 122.5 122.1 121.6 121.2 120.8 124.9 123.8 122.5 121.2 123.1

2010 120.5 120.1 119.8 119.5 119.3 119.1 118.9 118.7 118.6 118.5 118.5 118.4 120.1 119.3 118.7 118.5 119.2

2011 118.4 118.4

Utilization

(percent)

1981 78.0 77.3 77.4 77.6 77.8 77.2 77.1 76.9 76.3 75.4 74.3 72.9 77.6 77.5 76.8 74.2 76.5

1982 71.0 72.7 72.0 71.4 71.2 70.9 70.7 70.2 69.9 69.0 68.5 68.1 71.9 71.1 70.2 68.5 70.5

1983 69.8 69.7 70.3 71.0 71.9 72.4 73.3 74.0 75.2 76.0 76.2 76.3 69.9 71.8 74.2 76.1 73.0

1984 77.6 78.4 78.6 78.8 78.8 79.0 79.2 79.1 78.7 78.8 78.9 79.0 78.2 78.9 79.0 78.9 78.7

1985 78.5 78.1 78.6 78.3 78.2 78.2 77.7 78.0 78.0 77.7 78.1 78.3 78.4 78.2 77.9 78.0 78.1

1986 79.2 78.6 78.3 78.6 78.7 78.5 78.6 78.6 78.7 78.9 79.1 79.6 78.7 78.6 78.6 79.2 78.8

1987 79.1 80.1 80.1 80.3 80.7 80.8 81.1 81.3 81.6 82.8 83.2 83.6 79.8 80.6 81.4 83.2 81.2

1988 83.4 83.5 83.7 84.3 84.2 84.2 84.2 84.2 84.4 84.8 85.0 85.3 83.5 84.2 84.3 85.1 84.3

1989 86.0 85.0 84.9 84.8 84.0 84.0 82.7 83.2 82.8 82.4 82.3 82.2 85.3 84.3 82.9 82.3 83.7

1990 81.8 82.9 83.0 82.6 82.6 82.6 82.4 82.5 82.3 81.4 80.3 79.5 82.6 82.6 82.4 80.4 82.0

1991 78.8 78.1 77.4 77.5 78.0 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 77.9 78.6 79.2 79.5 79.8 79.8 80.3 79.8 79.7 79.9 80.1 79.8 78.6 79.7 79.9 79.9 79.5

1993 80.6 80.5 80.2 80.5 80.3 80.1 80.2 79.9 80.3 80.8 81.0 81.3 80.4 80.3 80.1 81.0 80.5

1994 81.3 81.3 82.1 82.5 82.7 82.7 82.8 83.2 83.1 83.6 83.9 84.5 81.6 82.6 83.0 84.0 82.8

1995 84.5 84.0 83.8 83.3 83.0 83.1 82.2 82.8 83.1 82.5 82.3 82.1 84.1 83.1 82.7 82.3 83.1

1996 81.0 81.9 81.4 82.1 82.3 82.8 82.5 82.6 82.8 82.2 82.6 82.9 81.4 82.4 82.6 82.5 82.3

1997 82.5 83.1 83.5 82.7 82.7 82.7 82.5 83.3 83.4 83.5 83.8 83.6 83.0 82.7 83.1 83.6 83.1

1998 83.7 83.2 82.7 82.5 82.5 81.3 80.3 81.9 81.0 81.3 80.9 80.8 83.2 82.1 81.1 81.0 81.8

1999 80.6 80.7 80.1 79.9 80.2 79.5 79.3 79.6 79.1 80.0 80.2 80.3 80.4 79.9 79.4 80.2 80.0

2000 79.9 79.7 79.8 79.9 79.4 79.3 78.9 78.1 78.3 77.8 77.3 76.5 79.8 79.5 78.4 77.2 78.7

2001 76.0 75.6 75.3 75.1 74.5 74.1 74.0 73.4 73.2 72.7 72.5 72.6 75.6 74.6 73.5 72.6 74.1

2002 73.1 73.0 73.6 73.7 74.2 75.0 74.6 74.9 75.0 74.6 74.9 74.4 73.2 74.3 74.8 74.7 74.2

2003 74.9 74.9 75.0 74.2 74.2 74.4 74.4 74.1 74.7 74.6 75.4 75.2 74.9 74.3 74.4 75.1 74.7

2004 75.1 75.7 75.5 76.0 76.5 75.9 76.5 77.0 76.8 77.6 77.5 78.0 75.5 76.1 76.7 77.7 76.5

2005 78.5 79.1 78.6 78.6 78.8 78.8 78.5 78.5 77.3 78.3 78.8 78.6 78.7 78.8 78.1 78.6 78.5

2006 79.2 78.9 78.6 78.9 78.3 78.4 78.2 78.3 78.2 77.8 77.7 78.9 78.9 78.5 78.3 78.1 78.5

2007 78.5 78.8 79.1 79.4 79.2 79.5 79.6 79.1 79.4 78.8 78.9 79.0 78.8 79.4 79.4 78.9 79.1

2008 78.6 78.1 77.7 76.7 76.2 75.7 75.0 74.0 71.5 71.3 69.9 68.0 78.2 76.2 73.5 69.7 74.4

2009 66.2 66.4 65.1 64.7 64.0 64.0 65.1 65.9 66.6 66.8 67.6 67.9 65.9 64.3 65.9 67.4 65.9

2010 68.8 69.0 69.8 70.4 71.4 71.5 72.2 72.3 72.5 72.7 72.9 73.5 69.2 71.1 72.3 73.0 71.4

2011 74.0 74.4

NOTE: Estimates from October 2010 through February 2011 are subject to further revision in the upcoming monthly releases.

1. See footnote 2 to table 3.

2. High-technology industries include computers, communications equipment, and semiconductors and related electronic components.

30
Table 12

ANNUAL PROPORTIONS IN INDUSTRIAL PRODUCTION, MARKET AND INDUSTRY GROUP SUMMARY

Item 2003 2004 2005 2006 2007 2008 2009 2010

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 57.8 56.4 55.9 55.9 54.7 55.0 56.5 55.3

Consumer goods 30.6 29.7 29.1 28.4 27.4 27.3 29.5 29.1

Durable 8.4 7.6 7.1 6.9 6.7 6.3 6.1 6.2

Automotive products 4.3 3.7 3.3 3.2 3.3 2.9 3.0 3.3

Home electronics .4 .4 .4 .4 .3 .3 .3 .2

Appliances, furniture, carpeting 1.3 1.3 1.2 1.2 1.1 1.0 .9 .8

Miscellaneous goods 2.3 2.2 2.2 2.2 2.0 2.0 1.9 1.9

Nondurable 22.2 22.0 22.0 21.5 20.7 21.0 23.4 22.9

Non-energy 17.9 17.1 16.5 16.2 15.6 16.2 17.9 17.0

Foods and tobacco 9.5 9.2 8.8 8.5 8.2 8.6 9.7 9.4

Clothing .7 .6 .5 .4 .3 .3 .2 .2

Chemical products 5.2 5.0 4.9 5.0 5.0 5.2 5.6 5.3

Paper products 1.9 1.8 1.7 1.7 1.7 1.7 1.7 1.6

Energy 4.2 4.9 5.5 5.4 5.0 4.8 5.5 5.9

Business equipment 9.7 9.4 9.3 9.8 9.7 9.9 9.3 9.1

Transit 1.8 1.8 1.8 2.1 2.0 2.0 1.8 1.9

Information processing 2.9 2.8 2.7 2.8 2.7 2.7 2.7 2.5

Industrial and other 5.0 4.8 4.8 4.9 5.0 5.2 4.8 4.7

Defense and space equipment 1.6 1.5 1.5 1.5 1.8 2.0 2.4 2.4

Construction supplies 4.8 4.8 4.9 5.1 4.9 4.8 4.2 4.1

Business supplies 10.7 10.5 10.5 10.3 10.2 10.3 10.6 10.1

Materials 42.2 43.6 44.1 44.1 45.3 45.0 43.5 44.7

Non-energy 29.5 29.4 28.8 28.5 28.3 28.2 26.9 27.3

Durable 18.3 18.1 17.7 17.6 17.3 17.2 15.1 15.4

Consumer parts 3.8 3.5 3.3 3.1 2.9 2.5 1.9 2.0

Equipment parts 6.4 6.2 6.1 6.0 6.1 6.4 5.9 5.7

Other 8.1 8.3 8.3 8.5 8.4 8.2 7.3 7.7

Nondurable 11.2 11.3 11.2 10.9 11.0 11.1 11.8 11.9

Textile .7 .7 .7 .6 .5 .4 .4 .5

Paper 2.5 2.4 2.3 2.3 2.2 2.3 2.4 2.3

Chemical 4.5 5.0 5.1 4.9 5.2 4.9 5.2 5.4

Energy 12.7 14.2 15.2 15.6 17.0 16.8 16.6 17.5

INDUSTRY GROUPS

Manufacturing 81.2 79.6 78.2 77.6 76.2 75.9 75.6 74.7

Manufacturing (NAICS) 31–33 76.8 75.3 74.2 73.7 72.4 72.3 72.0 71.5

Durable manufacturing 41.7 40.1 39.1 39.3 39.2 39.1 36.2 35.7

Wood products 321 1.6 1.5 1.5 1.4 1.2 1.1 .9 .9

Nonmetallic mineral products 327 2.2 2.2 2.3 2.3 2.2 2.0 1.7 1.6

Primary metal 331 2.4 2.7 2.6 2.7 2.7 2.5 1.8 2.2

Fabricated metal products 332 5.5 5.3 5.3 5.5 5.7 6.0 5.3 5.1

Machinery 333 5.0 4.8 4.8 5.0 5.1 5.3 4.7 4.6

Computer and electronic products 334 7.7 7.6 7.2 7.0 6.9 7.0 6.8 6.5

Electrical equip., appliances,

and components 335 2.0 1.9 1.9 1.9 1.9 2.0 1.8 1.7

Motor vehicles and parts 3361–3 7.2 6.3 5.8 5.5 5.1 4.4 3.9 4.5

Aerospace and miscellaneous

transportation equipment 3364–9 3.3 3.1 3.2 3.4 4.0 4.3 4.7 4.2

Furniture and related products 337 1.7 1.6 1.6 1.5 1.4 1.4 1.1 1.0

Miscellaneous 339 3.3 3.1 3.1 3.1 3.0 3.2 3.4 3.2

Nondurable manufacturing 35.1 35.2 35.1 34.3 33.2 33.1 35.8 35.8

Food, beverage, and tobacco products 311,2 11.4 10.9 10.5 10.1 9.9 10.5 12.0 11.7

Textile and product mills 313,4 1.2 1.2 1.2 1.0 .9 .8 .7 .7

Apparel and leather 315,6 .9 .7 .6 .6 .4 .4 .3 .3

Paper 322 2.9 2.7 2.6 2.6 2.5 2.6 2.8 2.7

Printing and support 323 2.2 2.1 2.0 1.9 1.9 1.9 1.8 1.6

Petroleum and coal products 324 2.2 3.2 4.0 3.9 3.3 2.7 3.2 3.8

Chemical 325 10.8 11.1 11.0 10.9 11.3 11.3 12.0 11.9

Plastics and rubber products 326 3.6 3.4 3.2 3.2 3.0 3.0 3.0 3.1

Other manufacturing (non-NAICS) 1133,5111 4.4 4.3 4.0 3.9 3.8 3.6 3.6 3.2

Mining 21 9.0 10.8 12.1 12.9 14.1 13.6 12.7 13.9

Utilities 2211,2 9.8 9.6 9.7 9.6 9.8 10.5 11.7 11.4

Electric 2211 8.2 7.9 7.9 8.0 8.1 8.8 10.0 9.7

Natural gas 2212 1.6 1.7 1.8 1.6 1.6 1.7 1.7 1.6

NOTE: The IP proportion data are estimates of the industries’ relative contributions to overall IP change between the reference year and the following year. For example, a

1 percent increase in durable goods manufacturing between 2010 and 2011 would account for a 0.357 percent increase in total IP.

31
Table 13

INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY

Seasonally adjusted

2007=100 Percent change

2010 2011 2010 2011 Feb. ’10 to

Industrial production Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rSept.r Oct.r Nov.r Dec.rJan.rFeb.rFeb. ’11

Total index 91.2 91.2 91.5 92.8 93.0 93.0 .3 -.1 .4 1.4 .2 .0 5.8

Previous estimates 93.9 93.7 94.0 95.3 95.6 95.5 .3 -.1 .3 1.3 .3 -.1 5.6

Major market groups

Final Products 92.7 92.9 92.9 94.2 94.7 94.8 .0 .2 .0 1.5 .5 .1 6.2

Consumer goods 92.4 92.3 92.1 93.7 93.8 93.4 -.2 -.1 -.2 1.7 .1 -.4 3.3

Business equipment 90.1 91.3 92.0 92.9 94.5 95.6 .9 1.3 .7 1.0 1.7 1.2 15.0

Nonindustrial supplies 82.6 82.2 83.0 83.4 83.5 83.1 -.2 -.5 1.1 .5 .1 -.4 3.6

Construction 73.8 74.2 75.0 74.5 75.0 75.0 .0 .5 1.1 -.7 .7 -.1 9.1

Materials 92.9 92.8 93.2 94.7 94.8 94.8 .6 -.2 .5 1.7 .0 .0 6.2

Major industry groups

Manufacturing (see note below) 87.5 87.8 88.0 89.0 89.7 90.2 .2 .3 .3 1.1 .8 .6 7.0

Previous estimates 90.9 91.2 91.3 92.3 93.1 93.5 .1 .3 .2 1.1 .9 .4 6.9

Mining 103.9 104.8 104.5 104.8 103.9 104.4 1.1 .9 -.3 .3 -.8 .5 7.4

Utilities 102.6 98.8 100.6 105.9 103.8 99.1 -.1 -3.6 1.8 5.2 -2.0 -4.6 -3.3

Capacity

Percent of capacity growth

Average 1988- 1990- 1994- 2008-

1972- 89 91 95 09 2010 2010 2011 Feb. ’10 to

Capacity utilization 2010 high low high low Feb. Sept.r Oct.r Nov.r Dec.r

Jan.rFeb.rFeb. ’11

Total industry 80.4 85.2 78.8 85.1 67.3 72.2 75.7 75.7 75.9 77.0 77.1 77.0 -.8

Previous estimates 80.5 85.2 78.7 85.1 68.2 72.4 75.2 75.1 75.3 76.3 76.4 76.3 .1

Manufacturing (see note below) 79.0 85.5 77.3 84.7 64.4 69.3 72.7 73.0 73.2 74.0 74.5 75.0 -1.1

Previous estimates 79.1 85.6 77.2 84.6 65.4 69.7 72.4 72.6 72.7 73.5 74.1 74.3 .1

Mining 87.4 86.3 83.8 88.5 79.0 82.5 88.6 89.3 88.9 89.0 88.1 88.4 .2

Utilities 86.6 92.9 84.3 93.3 79.2 84.3 82.4 79.2 80.4 84.3 82.4 78.5 3.8

Stage-of-process groups

Crude 86.4 87.7 84.3 89.6 77.6 82.8 87.1 87.1 86.8 87.5 87.1 87.3 .3

Primary and semifinished 81.3 86.5 77.9 87.9 64.9 69.8 72.8 72.2 73.0 74.6 74.6 74.0 -1.3

Finished 77.3 83.3 77.4 80.7 66.8 71.2 74.4 74.9 74.7 75.3 75.7 76.2 .2

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 its industrial output data from the SIC system to NAICS.

32
Table 14

NETWORKING EQUIPMENT, 1999–2009

Production Index Price Index Value of Production

(2007=100) (2007=100) (millions of dollars)

Annual Estimates

1999 50.4 396.0 22,111.2

2000 61.4 354.9 24,174.1

2001 79.0 272.0 23,839.6

2002 59.7 204.4 13,595.4

2003 69.1 156.6 11,941.9

2004 79.4 122.4 10,809.1

2005 92.6 110.9 11,398.8

2006 148.8 105.1 17,251.4

2007 100.0 100.0 11,326.7

2008 7.9 93.6 828.5

2009 14.9 83.5 1,367.9

Quarterly Estimates

1999Q1 44.2 417.9 18,589.6

Q2 56.1 398.8 22,495.2

Q3 61.1 386.9 23,766.9

Q4 61.7 380.9 23,633.0

2000Q1 66.6 373.5 25,006.2

Q2 66.5 352.5 23,571.1

Q3 66.9 348.4 23,453.8

Q4 70.8 345.9 24,630.8

2001Q1 86.5 297.3 25,858.0

Q2 85.4 286.3 24,587.9

Q3 88.4 261.9 23,292.9

Q4 87.8 244.7 21,602.9

2002Q1 70.5 228.9 16,234.7

Q2 64.6 211.0 13,710.1

Q3 64.0 195.8 12,596.3

Q4 64.3 183.9 11,890.1

2003Q1 63.7 171.8 11,010.3

Q2 75.5 167.2 12,702.4

Q3 84.9 154.0 13,146.9

Q4 81.1 134.5 10,973.4

2004Q1 92.7 136.2 12,704.0

Q2 84.8 124.1 10,584.3

Q3 87.3 117.6 10,329.6

Q4 88.1 112.4 9,966.7

2005Q1 84.6 110.8 9,425.1

Q2 91.3 110.0 10,102.2

Q3 111.8 111.4 12,524.4

Q4 128.9 112.0 14,513.1

2006Q1 119.5 110.1 13,233.9

Q2 130.2 105.0 13,752.0

Q3 195.3 102.8 20,177.7

Q4 239.5 102.5 24,686.1

2007Q1 194.2 102.0 19,920.9

Q2 157.1 102.1 16,129.3

Q3 21.9 99.2 2,181.7

Q4 26.9 96.7 2,611.7

2008Q1 13.6 97.7 1,333.6

Q2 7.2 93.9 677.4

Q3 7.5 92.7 699.2

Q4 5.9 89.8 535.1

2009Q1 4.6 85.2 396.0

Q2 5.3 85.3 453.0

Q3 15.0 80.4 1,216.2

Q4 52.0 83.1 4,347.6

33
EXPLANATORY NOTE

The Industrial Production and Capacity Utilization statistical

release, which is published around the middle of the month, reports

measures of output, capacity, and capacity utilization in

manufacturing, mining, and the electric and gas utilities industries.

More detailed descriptions of industrial production and capacity

utilization are available at www.federalreserve.gov/releases/G17 at

the Board’s World Wide Web site. In addition, files containing data

shown in the release, more detailed series that were published in the

G.17 prior to December 2000, and historical data are available at the

Board’s Web site. Instructions for searching for and downloading

specific series are provided as well. For paid access to the data files

through the Department of Commerce’s Economic Bulletin Board or

World Wide Web site, please call STAT-USA at 1-800-STAT-USA or

202-452-1986.

INDUSTRIAL PRODUCTION

Coverage. The industrial production (IP) index measures the real

output of the manufacturing, mining, and electric and gas utilities

industries; the reference period for the index is 2007. Manufacturing

consists of those industries included in the North American Industry

Classification System, or NAICS, definition of manufacturing plus

those industries-logging and newspaper, periodical, book and

directory publishing-that have traditionally been considered to be

manufacturing and included in the industrial sector. For the period

since 1997, the total IP index has been constructed from 312

individual series based on the 2002 North American Industrial

Classification System (NAICS) codes. These individual series are

classified in two ways: (1) market groups, and (2) industry groups.

Market groups consist of products and materials. Total products are

the aggregate of final products, such as consumer goods and

equipment, and nonindustrial supplies (which are inputs to

nonindustrial sectors). Materials are inputs in the manufacture of

products. Major industry groups include three-digit NAICS industries

and aggregates of these industries—for example, durable and

nondurable manufacturing, mining, and utilities. A complete

description of the market and industry structures, including details

regarding series classification, relative importance weights, and data

sources, is available on the Board’s web site

(www.federalreserve.gov/releases/G17/About.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 computers, communications equipment, and semiconductors.

When suitable data on physical product are not available, estimates of

output are based on production-worker hours by industry. Data on

hours worked by production workers are collected in the monthly

establishment survey conducted by the Bureau of Labor Statistics.

The factors used to convert inputs into estimates of production are

based on historical relationships between the inputs and the

comprehensive annual data used to benchmark the IP indexes; these

factors also may be influenced by technological or cyclical

developments. The annual data used in benchmarking the individual

IP indexes are constructed from a variety of source data, such as the

quinquennial Censuses of Manufactures and Mineral Industries and

the Annual Survey of Manufactures, prepared by the Bureau of the

Census; the Minerals Yearbook, prepared by the United States

Geological Survey of the Department of the Interior; and publications

of the Department of Energy.

Aggregation Methodology and Weights. The aggregation method

for the IP index is a version of the Fisher-ideal index formula. (For a

detailed discussion of the aggregation method, see The Federal

Reserve Bulletin February 1997 and March 2001.) In the IP index,

series that measure the output of an individual industry are combined

using weights derived from their proportion in the total value-added

output of all industries. The IP index, which extends back to 1919, is

built as a chain-type index since 1972. The current formula for the

growth in monthly IP (or any of the sub-aggregates) since 1972 is the

geometric mean of the change in output (I), and, as can be seen

below, is computed using the unit value added estimate for the current

month (pm) and the estimate for previous month:

I

A

m

I

A

m−1

=

s P

P

Impm−1

Im−1pm−1

×

P

P

Impm

Im−1pm

The IP proportions (typically shown in the first column of the relevant

tables in the monthly G.17 release) are estimates of the industries’

relative contributions to overall growth in the following year. For

example, the relative importance weight of the motor vehicles and

parts industry is about 4 percent. If output in this industry increased

10 percent in a month, then this gain would boost growth in total IP

by 4/10 percentage point (0.04 x 10% = 0.4%). To assist users with

calculations, the Federal Reserve’s web site provides supplemental

monthly statistics that represent the exact proportionate contribution

of a monthly change in a component index to the monthly change in

the total index (www.federalreserve.gov/

releases/G17/ipdisk/ipweights.sa.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 70 percent of the

source data (in value-added terms) are available; the fraction of

available source data increases to 84 percent for estimates in the

second month that the estimate is published, 93 percent in the third

month, 97 percent in the fourth month, 98 percent in the fifth month,

and 98 percent in the sixth month. Data availability by data type,

based on the six-month reporting window used in 2009, is

summarized in the table below:

Availability of Monthly IP Data in Publication Window

(Percent of value added in 2009)

Month of estimate

Type of data 1st 2nd 3rd 4th 5th 6th

Physical product 25 39 48 52 53 53

Production-worker hours 45 45 45 45 45 45

IP data received 70 84 93 97 98 98

IP data estimated 30 16 7 3 2 2

The physical product group includes series based on either monthly or

quarterly data. As can be seen in the first line of the table, in the first

month, a physical product indicator is available for about half of the

series (in terms of value added) that ultimately are based on physical

product data (25 percent out of total of 53 percent). Of the 25 percent,

about three-fourths (19 percent of total IP) include series that are

derived from weekly physical product data and for which actual

monthly data may lag up to several months. On average, quarterly

product data are received for the third estimate of industrial

production. Specifically, quarterly data are available for the second

estimate of the last month of a quarter, the third estimate of the second

month of a quarter, and the fourth estimate of the first month of a

quarter.

Seasonal adjustment. Individual series are seasonally adjusted using

Census X-12 ARIMA. For series based on production-worker hours,

the current seasonal factors were estimated with data through January

2011; for other series, the factors were estimated with data through at

least December 2010. Series are pre-adjusted for the effects of

holidays or the business cycle when appropriate. For the data since

1972, all seasonally adjusted aggregate indexes are calculated by

aggregating the seasonally adjusted indexes of the individual series.

Reliability. The average revision to the level of the total IP index,

without regard to sign, between the first and the fourth estimates was

0.26 percent during the 1987–2009 period. The average revision to

the percent change in total IP, without regard to sign, from the first to

34
the fourth estimates was 0.21 percentage point during the 1987–2009

period. In most cases (about 85 percent), the direction of change in

output indicated by the first estimate for a given month is the same as

that shown by the fourth estimate.

Rounding. The published percent changes are calculated from

unrounded indexes, and may not be the same as percent changes

calculated from the rounded indexes shown in the release.

CAPACITY UTILIZATION

Overview. The Federal Reserve Board constructs estimates of

capacity and capacity utilization for industries in manufacturing,

mining, and electric and gas utilities. For a given industry, the

capacity utilization rate is equal to an output index (seasonally

adjusted) divided by a capacity index. The Federal Reserve Board’s

capacity indexes attempt to capture the concept of sustainable

maximum output—the greatest level of output a plant can maintain

within the framework of a realistic work schedule, after factoring in

normal downtime and assuming sufficient availability of inputs to

operate the capital in place.

Coverage. Capacity indexes are constructed for 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 (e.g., paper, industrial chemicals, petroleum refining,

motor vehicles), as well as for electric utilities and mining; these

industries represent about 25 percent of total industrial capacity.

When physical product data are unavailable for manufacturing

industries, capacity indexes are based on responses to the Bureau of

the Census’s Quarterly Survey of Plant Capacity (QSPC); these

industries account for a bit less than 70 percent of total industry

capacity. In the absence of utilization data for a few mining and

petroleum series, capacity is based on trends through peaks in

production (roughly 5 percent of total industry capacity). A detailed

description of the methodology used to construct the capacity indexes

is available on the Board’s web site

(www.federalreserve.gov/releases/G17/CapNotes.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 was a survey of large companies

that reported, on average, higher utilization rates than those reported

by establishments covered by the annual Survey of Plant Capacity

(the primary source of factory operating rates through 2006, after

which it was discontinued) for the fourteen years they overlapped.

Adjustments have been made to keep the industry utilization rates

currently reported by the Federal Reserve (now based on the QSPC)

roughly in line with rates formerly reported by McGraw-Hill. As a

consequence, the rates reported by the Federal Reserve tend to be

higher than the rates reported in the Census utilization surveys.

Perspective. Over the 1972–2010 period, the average total industry

utilization rate was 80.4 percent; for manufacturing, the average

factory operating rate was 79.0 percent. Industrial plants usually

operate at capacity utilization rates that are well below 100 percent:

none of the broad aggregates has ever reached 100 percent. For total

industry and total manufacturing, utilization rates have exceeded 90

percent only in wartime. The highs and lows in capacity utilization

shown in table 11 are specific to each series and do not all occur in the

same month.

REFERENCES AND RELEASE DATES

References. The annual revision published in March 2009 is

described in an article published in the Federal Reserve Bulletin and is

available on the Board’s website at:

www.federalreserve.gov/releases/G17/About.htm. A summary of

the annual revision that incorporated back to 1972 production and

capacity indexes reclassified according to the North American

Industry Classification System is available in an article in the Federal

Reserve Bulletin, vol. 89 (April 2003), pp.151-176. A description of

the aggregation methods for industrial production and capacity

utilization is included in an article in the Federal Reserve Bulletin, vol.

83 (February 1997), pp. 67-92. The Federal Reserve methodology for

constructing industry-level measures of capital is detailed in “Capital

Stock Estimates for Manufacturing Industries: Methods and Data” by

Mike Mohr and Charles Gilbert (1996), which can be obtained at:

www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf.

Industrial Production—1986 Edition contains a more detailed

description of the other methods used to compile the industrial

production index, plus a history of its development, a glossary of

terms, and a bibliography. The major revisions to the IP indexes and

capacity utilization since 1990 have been described in the Federal

Reserve Bulletin (April 1990, June 1990, June 1993, March 1994,

January 1995, January 1996, February 1997, February 1998, January

1999, March 2000, March 2001, March 2002, April 2003, Winter

2004, Winter 2005).

Release Schedule

At 9:15 a.m. on

2011: January 14, February 16, March 17, April 15, May 17, June 15,

July 15, August 16, September 15, October 17, November 16, and

December 15.

35