FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) 2016 Historical and Annual Revision For release at 12:00 noon (EDT) April 1, 2016 Industrial Production and Capacity Utilization: The 2016 Annual Revision The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization.<1> Total IP is now reported to have increased about 2-1/2 percent per year, on average, from 2011 through 2014 before falling 1-1/2 percent in 2015.<2> Relative to earlier reports, the current rates of change are lower, especially for 2014 and 2015. Total IP is now estimated to have returned to its pre-recession peak in November 2014, six months later than previously estimated. Capacity for total industry is now reported to have increased about 2 percent in 2014 and 2015 after having increased only 1 percent in 2013. Compared with the previously reported estimates, the gain in 2015 is 1/2 percentage point higher, and the gain in 2013 is 1/2 percentage point lower. Industrial capacity is expected to increase 1/2 percent in 2016. This revision incorporates newly available annual data on output and prices. The updated IP indexes include new detailed data for manufacturing from the U.S. Census Bureau's 2014 Annual Survey of Manufactures (ASM) as well as revised data from the 2013 ASM. In addition, as a result of the new data on output for 2014, the productivity assumptions that feed into industrial production for subsequent years have been revised downward. The weaker productivity assumptions reflected the expectation that the slower pace of productivity growth for 2011 through 2014, compared with previous years, persisted in 2015 and after. Other new annual data have been incorporated in addition to the data from the ASM. The IP indexes for publishing reflect new data for 2014 and revised data for 2013 from the Census Bureau's Service Annual Survey. The Census Bureau recently benchmarked the Service Annual Survey to the 2012 Economic Census, which resulted in updated estimates for 2008 through 2012. For logging, the IP indexes were updated with 2014 data from the U.S. Forest Service. In addition, the indexes for metallic and nonmetallic minerals were updated with revised annual data for 2014 from the Department of the Interior's U.S. Geological Survey (USGS). Data on prices from the Bureau of Labor Statistics (BLS) were also incorporated into most of the manufacturing indexes. The monthly estimates of production have been updated to include late-arriving or revised monthly or quarterly indicator data (either outputs from or inputs to production), and they also now reflect recalculations of seasonal factors. In addition, the method used to calculate the high-frequency indicator for one production index was updated. In the fourth quarter of 2015, capacity utilization stood at 75.8 percent, a rate nearly 1-1/4 percentage points lower than previously published and more than 4 percentage points below its long-run (1972-2015) average. The downward revision to the overall operating rate resulted from slower growth for IP. Relative to earlier estimates, the utilization rates for total industry from 2012 to 2014 are little changed, as the revision to the rates of change for capacity roughly matched those for IP. The revised estimates of capacity and capacity utilization incorporated data for the manufacturing sector from the Census Bureau's Quarterly Survey of Plant Capacity Utilization (QSPC) for the fourth quarter of 2015, along with new data on capacity primarily for the energy and mining sectors from the USGS, the U.S. Department of Energy, and other organizations. The revised estimates also include new data on capital spending from the 2013 ASM. Capital expenditures data from the 2014 ASM are not yet available. RESULTS OF THE REVISION The tables show the summary statistics for the annual revision. Tables 1A and 1B present the monthly, quarterly, and annual average index levels for total IP and for total capacity and capacity utilization, along with the percent changes in total IP, for January 1986 through February 2016. Tables 2 and 3 show the revised rates of change in IP from 2011 through 2015 for market groups, industry groups, special aggregates, and selected detail. Table 4 shows the annual rates of change for total IP and for major market and industry groups for 2011 through 2015. Table 5 presents the revised rates of change in capacity by industry groups for 2012 through 2016. Tables 2 through 5 also show the differences between the revised and previous estimates of the rates of change. Table 6 contains the revised capacity utilization rates for the fourth quarters of 2012 through 2015; it also shows the differences between the revised and previous estimates. Table 7 reports revised semiannual rates of change for IP for 2011 through 2015. Table 8 contains revised capacity utilization rates for the second and fourth quarters from the second quarter of 2011 through the fourth quarter of 2015. Tables 9A, 9B, 10A, 10B, 11A, and 11B report the revised production, capacity, and utilization measures for manufacturing, total industry excluding selected high-technology industries, and manufacturing excluding selected high-technology industries. Table 12 displays the annual proportions in IP by market and industry groups for 2008 through 2015. Table 13 reports revised monthly IP indexes for the major market and industry groups for September 2015 through February 2016, and it also reports revised capacity utilization rates for the same period. Industrial Production Revisions to the changes in total IP show lower rates of change in recent years than were previously estimated (figure 1 and tables 2 and 7).<3> Total IP is still reported to have increased in each year from 2011 to 2014 before falling back in 2015. The gains in 2011 through 2013 are similar to those reported earlier, but the rates of change for 2014 and 2015 are noticeably lower. As currently reported, total IP did not return to its pre-recession peak until November 2014; previously, it was reported to have reached that level in May 2014. On net, the revision resulted in lower estimates for manufacturing in recent years than stated earlier; the estimates for mining and utilities were little revised. In particular, manufacturing output is currently reported to have increased 2 percent in 2014 and to have been unchanged in 2015, whereas it was previously stated to have advanced about 3-1/2 percent in 2014 and 1 percent in 2015.<4> The cumulative effects of these revisions leave manufacturing IP in February 2016 more than 6 percent below its pre-recession peak. Production by Industry Group The revised, smaller increases for manufacturing for 2014 and 2015 resulted from rates of change for many durable and nondurable goods industries that are lower than reported earlier. The production of durables is currently estimated to have declined 3/4 percent in 2015 after posting average gains of 3-3/4 percent for 2011 through 2014. Previously, it was reported to have advanced 1/2 percent in 2015 and at an average rate of about 3-1/2 percent for 2011 through 2014. As currently estimated, the production of durables in February 2016 is about 1 percent above its pre-recession peak. Within durables, most industry groups posted gains in output for most years from 2011 through 2014. However, declines in 2015 were widespread, with especially large losses in the output of primary metals and machinery. Relative to earlier estimates, the net gains over the period from 2011 to 2015 are now reported to be lower for every durable goods industry other than nonmetallic mineral products, computer and electronic products, and aerospace and miscellaneous transportation equipment. In particular, the contours for machinery; electrical equipment, appliances, and components; furniture and related products; and miscellaneous manufacturing show much lower growth than previously reported. The output of selected high-technology industries increased quickly over the period from 2011 to 2014 but barely edged up in 2015 (table 3). The current estimates for growth in 2013 and 2014 are appreciably stronger than the earlier estimates, primarily as a result of higher estimates for communications equipment and semiconductors. The output of nondurable manufacturing industries declined sharply during the recession and has increased only modestly, on net, since then. The index moved up less than 1/2 percent per year, on average, for the period from 2011 to 2015. With this revision, the growth of output over recent years is now lower than reported earlier; the slower path for output is most notable in 2013 and 2014, when the rates of change for each year have been revised down more than 1 percentage point. The indexes for most major nondurables industries, with the exceptions of food and of petroleum and coal products, remain well below their pre-recession peaks. The output index for industries not in the scope of manufacturing under the North American Industry Classification System (NAICS)--that is, logging and publishing--fell or was little changed in every year from 2011 to 2015. The revisions took the cumulative decrease over that period from about 17-1/2 percent to about 20 percent, with rates of change lower for 2011, 2012, and 2015 and higher for 2013 and 2014. The production index for mining fell 8-1/4 percent in 2015 because of declines for oil and natural gas well drilling and servicing over this period. Rates of change for mining output are very similar to previous reports. The output index for electric and natural gas utilities is now reported to have declined slightly more in 2015 than estimated earlier. Production by Market Group The production index for final products and nonindustrial supplies grew more than 1-1/4 percent per year, on average, between 2011 and 2014 before falling 1 percent in 2015 (table 2). Relative to previous reports, the rates of change in the index for 2013 through 2015 are now stated to have been lower. In February 2016, the index was more than 8 percent below its pre-recession peak. The index for consumer goods now shows a weaker post-recession recovery than was previously estimated, with lower rates of change widespread across both the durables and nondurables categories. As currently stated, the output of consumer goods moved up at an average annual pace of 1 percent from 2013 through 2015 after declining 1-1/2 percent in 2012. Following a sharp decline during the recession, the index for business equipment rose substantially through 2012 and then declined in 2013, moved up in 2014, and came back down somewhat in 2015. Relative to earlier reports, the output gain in 2014 is considerably weaker as a result of lower production across all major components of business equipment: transit equipment, information processing equipment, and industrial and other equipment. The output of business equipment surpassed its early 2008 peak in late 2014 but was nearly 2 percent below its peak as of February 2016. The production of defense and space equipment fell about 4 percent per year, on average, from 2013 to 2015. As currently published, the decline for 2013 is not as steep as in the earlier estimates, but the drops for 2014 and 2015 are each revised down more than 2-1/2 percent. After falling sharply during the recession, the output of construction supplies has advanced in every year since. Even with these gains, however, the index in February 2016 was about 18 percent below its pre-recession peak. The index rose about 3-3/4 percent per year in the period from 2012 to 2014, on average, but it moved up only about 1 percent in 2015. The increases in 2014 and 2015 are now reported to be smaller than previously published. Compared with the index for construction supplies, the index for business supplies declined less steeply during the recession and rebounded less sharply during the recovery, and its most recent reading was about 8 percent below its pre-recession peak. Relative to the previously published estimates, gains in the output of business supplies are now more modest in 2014 and 2015. The output of materials recovered strongly after the recession before falling 2-1/4 percent in 2015. As currently estimated, the gain in 2014 is not as robust as previously estimated and the decline in 2015 is steeper. Still, in February 2016, the index stood 6-1/4 percent above its pre-recession peak. Within materials, the recovery from the recession has been uneven. The output of durable goods materials grew quickly through 2011, then grew more slowly from 2012 to 2014 before declining in 2015. The output of nondurable goods materials has been more or less flat since 2011. By contrast, the output of energy materials grew rapidly through 2014 before falling about 5 percent in 2015. Relative to earlier estimates, on net, the indexes for durable materials, nondurable materials, and energy materials have all been lower in recent years. Capacity After increasing 1 percent in 2013 and 2 percent in both 2014 and 2015, capacity is projected to increase about 1/2 percent in 2016 (table 5).<5> The gain in total industrial capacity in recent years is, on net, close to the previously reported increase, though the advance in 2013 is now about 1/2 percentage point weaker than previously estimated, while the gain for 2015 is stronger by a similar amount. With this revision, manufacturing capacity now shows a slower post-recession recovery than reported earlier. Most notably, capacity is now estimated to have increased about 1/2 percent over 2013 and 2014 combined, whereas the previous measure showed an expansion of nearly 2 percent. Relative to earlier estimates, the gains in other recent years are now more modest; the increase in the manufacturing capacity index over 2012 through 2015 is about 2 percentage points below the previously reported value. Capacity in durable manufacturing industries advanced in each year from 2012 to 2015, with average increases of about 2 percent for 2012 and 2013 and slower gains of about 1/2 percent, on average, for 2014 and 2015. Relative to the previous estimates, the additions to durable manufacturing capacity are now reported to be more than 1 percentage point weaker for 2014 and 2015. For nondurable manufacturing, capacity growth has averaged about 3/4 percent from 2012 through 2015, about the same rate as in the previous estimates as revisions to the individual years roughly offset. Capacity is now shown to have contracted 3/4 percent in 2013; previously, it was reported to have expanded by a similar amount. These lower estimates were primarily due to downward revisions for petroleum and coal products, chemicals, and plastics and rubber products. In other recent years, nondurable manufacturing capacity expanded, and the rates of increase are now reported to have been stronger in 2014 and 2015. The capacity index for non-NAICS manufacturing fell about 5 percent per year in 2013, 2014, and 2015, primarily because of declines in capacity for newspaper, periodicals, and book publishing. The declines in each of these years are between 2-1/2 and 4 percentage points weaker than those reported earlier. Capacity at mines increased around 6-1/2 percent, on average, from 2012 through 2015, but it is projected to fall 3-1/2 percent in 2016. Relative to previous estimates, the rate of change for 2014 is now about 1 percentage point less, and the rate in 2015 is about 1-1/2 percentage points more. Capacity at utilities increased about 3/4 percent, on average, from 2012 to 2015. The revised gains are little changed from the earlier estimates. Capacity at the crude stage of processing recorded gains of 4 percent or more in each year from 2012 through 2015, but it is expected to contract nearly 3 percent in 2016. Relative to previous estimates, the rates of change in capacity at the crude stage are now reported to be higher in 2015 and little revised in other years. Capacity at the primary and semifinished stages increased modestly each year from 2012 to 2015--little changed from previous estimates--and is expected to increase 1 percent in 2016. Capacity at the finished stage increased in 2012, fell back in 2013, and then moved up in each year since. The rates of change were revised down for each year from 2013 through 2015. Capacity Utilization Capacity utilization for total industry moved somewhat higher in 2013 and 2014 before falling in 2015.<6> The pullback in 2015 resulted from a large cutback for mining and smaller reductions for both manufacturing and utilities. In the fourth quarter of 2015, capacity utilization for total industry was 75.8 percent, a rate 4.2 percentage points below its long-run average of 80.0 percent and equal to its value in the second quarter of 2011 (table 6 and table 8). Compared with earlier estimates, capacity utilization for total industry is now reported to have been higher in 2012 and 2013 but lower in 2014 and especially in 2015. The capacity utilization rate for manufacturing was relatively flat in 2012 and 2013; it moved up some in 2014 but fell back slightly in 2015. It has remained at least 2-1/2 percentage points below its long-run average over the entire period from 2012 through 2015. Relative to previous reports, the capacity utilization rates for manufacturing are now modestly higher in 2012 and 2013 and somewhat lower in 2014 and 2015. At 75.6 percent, the rate for February 2016 was 2.9 percentage points below its long-run average. The utilization rate for durable manufacturing increased in 2013, moved up more solidly in 2014, and then fell back somewhat in 2015. Utilization for durables was about 1 percentage point below its long-run average in the fourth quarter of 2015, as slightly less than half of the major industry groups in table 6 recorded operating rates below their long-run averages. The utilization rate for nondurable manufacturing has held steady at about 5 percentage points below its long-run average since 2012. The rates for nondurables in 2014 and 2015 were revised down 1-1/2 and 2-1/2 percentage points, respectively, but they were little revised for earlier years. As of the fourth quarter of 2015, the operating rates for all nondurable manufacturing industry groups were below their industry-specific long-run averages (tables 6 and 8), with the rates for apparel and leather and for printing and support more than 10 percentage points below their long-run averages. Capacity utilization rates for mining trended up from 2010 through 2014, reaching nearly 91 percent, a rate that is 3-1/2 percentage points above its long-run average. Subsequently, the utilization rate fell almost 12 percentage points over the course of 2015, largely because of decreased output and increased capacity in the oil and gas drilling and servicing sector. Capacity utilization rates in mining for recent years were about 1 percentage point of the previous estimates. The operating rates for utilities have been below their long-run average of 85.8 percent for the past several years; the current estimates are somewhat higher in 2014 and 2015 than previously reported. TECHNICAL ASPECTS OF THE REVISION The industrial production (IP) statistics are monthly production indexes that represent the level of real output relative to a base year. At the monthly frequency, movements of the indexes are based on indicators that are derived using industry-specific data from a variety of government and private sources. The monthly production indexes, however, are anchored to annual benchmarks that are less timely but typically based on more comprehensive data. Annual revisions to the industrial production and capacity measures involve (1) incorporating new annual benchmark data on output, prices, and value-added proportions; (2) incorporating new monthly or quarterly data that were revised or that arrived too late to be included in the regular six-month reporting window for monthly IP; (3) updating seasonal adjustment factors; and (4) updating the methods used to construct the indexes. This revision includes new annual manufacturing data from the 2014 Annual Survey of Manufactures (ASM), as well as revised data from the 2013 ASM. For most industries, this revision updated the benchmark index deflators with producer price indexes (PPIs) from the Bureau of Labor Statistics (BLS). For a few selected industries, updated price indexes constructed by the Federal Reserve were incorporated.<7> New annual data were also incorporated into several other indexes. The benchmark indexes for metallic and nonmetallic mineral mining were updated with revised 2014 data from the U.S. Geological Survey, and the benchmark indexes for logging and publishing were advanced through 2014 based on data from the U.S. Forest Service and the U.S. Census Bureau. The revised IP indexes include information from the Quarterly Survey of Plant Capacity Utilization (QSPC) for 2015 and from other industry reports. The indexes also incorporate revised monthly and quarterly source data on production, shipments, and inventories. Annual Benchmark Real Output Indexes The annual benchmark output indexes for IP are measures of real gross output at the six-digit North American Industry Classification System (NAICS) level. The Census Bureau provides annual figures for value added and the cost of materials for manufacturing industries, which can be summed to obtain nominal gross output. The benchmark indexes for this revision incorporated revised information for 2013 and new information for 2014 from the ASM. To obtain individual benchmarks of real gross output, the measures of nominal gross output were deflated by annual price deflators. In general, the benchmark industry price deflators consist of price indexes from the Bureau of Economic Analysis (BEA) through 2011 that are extended through 2014 with the related PPIs.<8> Methodological Changes to Individual Production Indexes One production indicator was affected by methodological changes in this revision. Fertilizer With this revision, the IP index for fertilizer (NAICS 32531) incorporates information only on the production of the two base fertilizer products--anhydrous ammonia and phosphate rock--and no longer adds to that the output of their downstream products. This change leaves the historical movements in the index largely unrevised. Adjustments to Market Groups The industrial production indexes are organized in two main ways: industry groups and market groups. Industry groups reflect a supply-oriented classification where output is grouped based on the NAICS industries of the producers. Market groups reflect a demand-oriented classification where output is grouped according to the purchaser and by how the output is used. An industry's output is often allocated across a variety of market groups. Whenever possible, an industry's market group allocation is determined through detailed product-level data. For example, the IP index for steel mill products (NAICS 3311 and NAICS 3312) uses data from the American Iron and Steel Institute that includes information on the end-market classifications for different types of steel (for example, automotive, construction, or oil patch). These classifications are used to allocate the production of steel mill products to different market groups. For industries where market-level detail is not available, an industry's market group allocation is determined based on information provided in the BEA's Input-Output (I-O) tables, which are issued every five years. Non-energy Business Supplies This revision changes the name of one market group: The name "Non-energy business supplies" replaces "General business supplies." The components of this group are unchanged. Weights for Aggregation The IP system is organized as a hierarchical structure where the finest-level production indexes are aggregated using a version of the Fisher-ideal index formula to construct higher-level measures of production. The weights that are used to combine individual IP measures into more aggregate measures are based on the value added from the industry, calculated as gross output less cost of materials. For IP indexes that are defined at the six-digit (or more aggregate) NAICS level, the value-added weights are derived from the Economic Census or ASM. For IP indexes that cover only part of a six-digit NAICS industry, the aggregation weights were constructed by allocating value added for a six-digit industry across the various components of IP that compose that industry. Data from the Economic Census and ASM on shipments of different types of products within a six-digit NAICS industry were used to determine the share of an industry's value added that was assigned to each component IP index. The Federal Reserve derives estimates of value added for the electric and gas utility industries from annual revenue and expense data issued by other organizations. For electric utilities, the measures of value added incorporate data from the Energy Information Administration of the U.S. Department of Energy and from the Edison Electric Institute. For gas utilities, the value-added estimates incorporate data from the American Gas Association. The weights for aggregation for mining industries are derived from value-added data from the Economic Census. The weights for aggregation expressed as value added per unit were estimated with data on producer prices for the period after 2014. Table 12 shows the annual value-added proportions in the IP index from 2008 through 2015. Revised Quarterly and Monthly Data This revision incorporated product data that became available or were revised after the regular six-month reporting window for monthly IP was closed. These data were released with too great of a lag to be included with monthly IP estimates but were available for inclusion in the annual revision. Revised Seasonal Factors Seasonal factors for production-worker hours--which adjust for timing, holiday, and monthly seasonal patterns--were updated with data through January 2016. The updated factors for the physical product series, which include adjustments for holiday and workday patterns, used data through December 2015 where available. Seasonal factors for unit motor vehicle assemblies have been updated, and projections through December 2016 are available on the Board's website at www.federalreserve.gov/releases/g17/mvsf.htm. These factors are based on production data through March 2016 and were revised back to January 1996. The seasonal factors explicitly incorporate the holiday schedule for the vehicle assembly lines specified in the latest collective bargaining agreements with domestic manufacturers. Notice Data Availability and Publication Changes Files containing the revised data and the text and tables from this release are available on the Board's website at www.federalreserve.gov/releases/g17, as are updated data for the annual revision and for all of the regularly issued series on industrial production, capacity, and capacity utilization. Other changes are listed on the Board's website at www.federalreserve.gov/releases/g17/g17_revision_series.htm. A document with printed tables of the revised estimates of series shown in the G.17 release is available upon request to the Industrial Output Section, Mail Stop 82, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. 1 The revision affected rates of change for IP from 1972 forward. When necessary to maintain consistency with any revisions to the data for 1972 and subsequent years, the levels of the production and capacity indexes for the years before 1972 were multiplied by a constant. However, utilization rates and the rates of change in IP for the years before 1972 were not revised. 2 Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year specified. 3 In this section, all of the rates of change for a full year are calculated from the fourth quarter of the previous year to the fourth quarter of the reference year. Rates of change on a half-year basis are shown in table 7. 4 Manufacturing 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. 5 In this section, all of the rates of change for a full year are calculated from the fourth quarter of the previous year to the fourth quarter of the reference year. 6 Unless otherwise noted, rates of capacity utilization are reported for the fourth quarter of the reference year. 7 For selected industries, the Federal Reserve constructs price indexes from alternative sources. These industries include communications equipment (NAICS 3342), computer storage devices (NAICS 334112), semiconductors (NAICS 334413), and pharmaceuticals (NAICS 325412). Updated price indexes for data storage devices and for selected components of communications equipment and semiconductors are available on the Board's website at www.federalreserve.gov/releases/g17. 8 Overall, at the industry level, the BEA measures and PPI measures are quite similar, as the BEA used weighted product-level PPIs to derive their industry-level shipments deflator. ------------------------------------------------------------ Table 1A Industrial Production : Total Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <1> --------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) | | | 1986 | .4 -.7 -.7 .1 .2 -.3 .5 -.1 .2 .4 .5 .8 | 2.4 -2.3 1.5 4.7 | 1.0 1987 | -.3 1.3 .2 .6 .6 .5 .7 .8 .3 1.4 .5 .5 | 5.4 7.3 7.7 10.1 | 5.2 | | | 1988 | .0 .4 .3 .5 -.1 .3 .1 .4 -.3 .5 .1 .5 | 3.7 3.6 1.5 2.9 | 5.2 1989 | .3 -.4 .2 .1 -.7 .0 -.9 .9 -.4 -.1 .3 .6 | 1.8 -1.5 -2.5 1.7 | .9 1990 | -.7 1.0 .5 -.1 .2 .3 -.1 .3 .1 -.8 -1.2 -.7 | 2.8 3.1 1.7 -6.1 | 1.0 1991 | -.4 -.7 -.5 .2 1.0 .9 .1 .1 .9 -.2 -.1 -.4 | -7.4 2.4 5.6 .9 | -1.5 1992 | -.6 .7 .9 .7 .3 .0 .9 -.5 .2 .7 .4 .1 | -.5 7.3 3.1 4.3 | 2.9 | | | 1993 | .4 .4 -.1 .3 -.3 .2 .3 -.1 .5 .8 .4 .5 | 3.6 .9 1.6 6.2 | 3.3 1994 | .4 .0 1.0 .5 .5 .6 .2 .6 .4 .9 .6 1.0 | 5.0 7.4 5.2 8.5 | 5.2 1995 | .2 -.1 .1 .0 .3 .3 -.4 1.3 .4 -.1 .2 .4 | 4.2 1.4 3.7 3.6 | 4.7 1996 | -.7 1.6 -.1 .9 .8 .8 -.2 .6 .7 -.1 .9 .6 | 2.8 8.8 5.1 5.6 | 4.5 1997 | .1 1.2 .7 .1 .6 .5 .7 1.1 .9 .8 .9 .3 | 7.8 6.1 9.6 10.4 | 7.2 | | | 1998 | .5 .1 .1 .3 .6 -.6 -.4 2.0 -.2 .8 -.1 .4 | 4.5 2.6 2.9 5.9 | 5.8 1999 | .5 .5 .2 .3 .7 -.2 .6 .4 -.4 1.3 .5 .8 | 4.5 4.0 3.7 7.3 | 4.4 2000 | .0 .3 .4 .7 .2 .1 -.1 -.3 .4 -.3 .0 -.3 | 4.1 5.1 -.4 -.8 | 3.9 2001 | -.7 -.6 -.2 -.2 -.7 -.6 -.6 -.2 -.3 -.4 -.5 .1 | -5.3 -4.9 -5.6 -4.2 | -3.1 2002 | .6 .0 .8 .4 .4 1.0 -.2 .0 .1 -.3 .5 -.5 | 2.9 6.4 2.4 -.2 | .3 | | | 2003 | .6 .3 -.2 -.7 .0 .2 .4 -.2 .6 .1 .8 -.1 | 2.2 -2.8 2.5 4.1 | 1.2 2004 | .2 .6 -.5 .4 .8 -.8 .8 .1 .1 .9 .2 .7 | 2.7 2.3 2.3 5.7 | 2.6 2005 | .5 .7 -.2 .1 .2 .4 -.3 .2 -1.9 1.3 1.0 .6 | 5.7 2.0 -2.0 3.8 | 3.3 2006 | .1 .1 .2 .4 -.1 .4 .0 .3 -.2 .0 -.1 1.1 | 3.9 2.4 1.4 1.0 | 2.2 2007 | -.5 1.0 .2 .7 .0 .0 .0 .2 .3 -.5 .5 .0 | 3.7 4.9 .9 .7 | 2.5 | | | 2008 | -.3 -.3 -.2 -.7 -.5 -.2 -.5 -1.5 -4.3 .9 -1.2 -2.9 | -1.7 -5.5 -12.2 -16.0 | -3.6 2009 | -2.4 -.6 -1.6 -.9 -1.0 -.4 1.0 1.1 .8 .3 .4 .3 | -20.5 -11.3 5.8 6.4 | -11.5 2010 | 1.1 .3 .7 .4 1.6 .2 .4 .4 .3 -.3 .1 .8 | 7.8 8.6 5.9 1.5 | 5.5 2011 | -.1 -.4 .9 -.4 .2 .2 .5 .5 .0 .7 -.1 .4 | 2.0 .9 4.1 3.5 | 2.9 2012 | .7 .3 -.7 .9 .2 .0 .3 -.5 .1 .3 .5 .3 | 3.6 2.5 .3 2.6 | 2.8 | | | 2013 | -.1 .5 .1 .0 .0 .2 -.6 .7 .5 -.1 .3 .2 | 2.7 1.2 .9 3.2 | 1.9 2014 | -.5 .8 .8 .1 .4 .4 .1 .0 .4 .1 1.0 -.2 | 2.2 5.5 2.5 3.7 | 2.9 2015 | -.5 -.1 -.3 -.2 -.2 -.2 .6 .1 -.3 -.1 -.7 -.4 | -1.9 -2.7 1.5 -3.2 | .3 2016 | .6 -.5 | | | | | IP (2012=100) | | | 1986 | 57.8 57.4 57.0 57.1 57.2 57.0 57.3 57.3 57.4 57.6 57.9 58.4 | 57.4 57.1 57.3 58.0 | 57.5 1987 | 58.2 59.0 59.0 59.4 59.8 60.1 60.5 61.0 61.2 62.0 62.4 62.7 | 58.7 59.8 60.9 62.4 | 60.4 | | | 1988 | 62.7 63.0 63.1 63.5 63.4 63.6 63.6 63.9 63.7 64.0 64.1 64.4 | 62.9 63.5 63.7 64.2 | 63.6 1989 | 64.6 64.3 64.5 64.5 64.1 64.1 63.5 64.1 63.9 63.8 64.0 64.4 | 64.5 64.2 63.8 64.1 | 64.2 1990 | 64.0 64.7 65.0 64.9 65.0 65.2 65.2 65.4 65.4 64.9 64.2 63.8 | 64.5 65.0 65.3 64.3 | 64.8 1991 | 63.5 63.0 62.7 62.8 63.5 64.0 64.1 64.2 64.7 64.6 64.5 64.3 | 63.1 63.5 64.3 64.5 | 63.8 1992 | 63.9 64.3 64.9 65.4 65.6 65.6 66.2 65.9 66.0 66.5 66.8 66.9 | 64.4 65.5 66.0 66.7 | 65.7 | | | 1993 | 67.1 67.4 67.4 67.6 67.3 67.5 67.7 67.6 67.9 68.4 68.7 69.1 | 67.3 67.5 67.7 68.8 | 67.8 1994 | 69.3 69.4 70.1 70.4 70.8 71.3 71.4 71.8 72.1 72.7 73.1 73.9 | 69.6 70.8 71.8 73.2 | 71.4 1995 | 74.0 73.9 74.0 74.0 74.2 74.5 74.2 75.1 75.4 75.3 75.5 75.8 | 74.0 74.2 74.9 75.6 | 74.7 1996 | 75.3 76.5 76.4 77.1 77.7 78.3 78.2 78.7 79.2 79.1 79.8 80.3 | 76.1 77.7 78.7 79.8 | 78.1 1997 | 80.4 81.4 82.0 82.0 82.5 82.9 83.5 84.4 85.2 85.9 86.7 86.9 | 81.3 82.5 84.4 86.5 | 83.7 | | | 1998 | 87.4 87.5 87.6 87.9 88.4 87.9 87.5 89.3 89.2 89.9 89.8 90.2 | 87.5 88.0 88.7 90.0 | 88.5 1999 | 90.6 91.1 91.2 91.5 92.2 92.0 92.6 93.0 92.6 93.8 94.3 95.0 | 91.0 91.9 92.7 94.3 | 92.5 2000 | 95.0 95.3 95.6 96.3 96.5 96.6 96.5 96.1 96.5 96.3 96.3 96.0 | 95.3 96.5 96.4 96.2 | 96.1 2001 | 95.4 94.8 94.5 94.3 93.7 93.1 92.6 92.4 92.1 91.7 91.2 91.3 | 94.9 93.7 92.4 91.4 | 93.1 2002 | 91.8 91.8 92.5 92.9 93.3 94.2 94.0 94.0 94.1 93.8 94.3 93.8 | 92.0 93.5 94.0 94.0 | 93.4 | | | 2003 | 94.4 94.6 94.4 93.8 93.8 93.9 94.3 94.1 94.7 94.9 95.6 95.6 | 94.5 93.8 94.4 95.3 | 94.5 2004 | 95.7 96.3 95.9 96.3 97.1 96.3 97.0 97.1 97.2 98.1 98.3 99.0 | 96.0 96.5 97.1 98.4 | 97.0 2005 | 99.4 100.1 99.9 100.1 100.2 100.6 100.3 100.5 98.6 99.9 100.9 101.5 | 99.8 100.3 99.8 100.8 | 100.2 2006 | 101.6 101.7 101.9 102.3 102.2 102.5 102.5 102.8 102.7 102.6 102.5 103.6 | 101.7 102.3 102.7 102.9 | 102.4 2007 | 103.1 104.2 104.4 105.1 105.1 105.1 105.1 105.3 105.7 105.2 105.7 105.7 | 103.9 105.1 105.4 105.5 | 105.0 | | | 2008 | 105.4 105.1 104.8 104.0 103.5 103.3 102.8 101.2 96.9 97.8 96.6 93.7 | 105.1 103.6 100.3 96.0 | 101.2 2009 | 91.5 90.9 89.5 88.7 87.8 87.4 88.3 89.3 90.0 90.3 90.6 90.9 | 90.6 88.0 89.2 90.6 | 89.6 2010 | 91.9 92.2 92.8 93.2 94.6 94.8 95.3 95.6 95.9 95.6 95.7 96.5 | 92.3 94.2 95.6 95.9 | 94.5 2011 | 96.4 96.0 96.8 96.4 96.6 96.9 97.3 97.8 97.7 98.4 98.3 98.7 | 96.4 96.6 97.6 98.5 | 97.3 2012 | 99.4 99.7 99.0 99.8 100.0 100.0 100.3 99.8 100.0 100.2 100.8 101.0 | 99.3 100.0 100.0 100.7 | 100.0 | | | 2013 | 101.0 101.5 101.6 101.6 101.6 101.8 101.2 102.0 102.5 102.4 102.8 103.0 | 101.4 101.7 101.9 102.7 | 101.9 2014 | 102.5 103.3 104.1 104.2 104.7 105.1 105.2 105.2 105.6 105.6 106.7 106.5 | 103.3 104.7 105.3 106.3 | 104.9 2015 | 106.0 105.9 105.5 105.3 105.0 104.9 105.5 105.6 105.3 105.2 104.5 104.1 | 105.8 105.1 105.5 104.6 | 105.2 2016 | 104.7 104.2 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> Annual averages of industrial production are calculated from not seasonally adjusted indexes. Table 1B Capacity and Utilization: Total Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual --------------------------------------------------------------------------------------------------------------------------------------------- | | | Capacity | | | (percent of | | | 2012 output) | | | 1986 | 72.7 72.8 72.8 72.9 73.0 73.0 73.1 73.2 73.3 73.4 73.5 73.6 | 72.8 73.0 73.2 73.5 | 73.1 1987 | 73.7 73.8 74.0 74.1 74.3 74.4 74.6 74.7 74.8 74.9 75.0 75.1 | 73.8 74.3 74.7 75.0 | 74.4 | | | 1988 | 75.2 75.2 75.3 75.3 75.3 75.4 75.4 75.4 75.5 75.5 75.6 75.7 | 75.2 75.3 75.4 75.6 | 75.4 1989 | 75.8 75.9 76.0 76.1 76.3 76.5 76.6 76.8 77.0 77.2 77.3 77.5 | 75.9 76.3 76.8 77.3 | 76.6 1990 | 77.7 77.9 78.1 78.2 78.4 78.5 78.7 78.8 79.0 79.1 79.2 79.3 | 77.9 78.4 78.8 79.2 | 78.6 1991 | 79.4 79.5 79.6 79.6 79.7 79.8 79.9 80.0 80.1 80.2 80.3 80.5 | 79.5 79.7 80.0 80.3 | 79.9 1992 | 80.6 80.8 80.9 81.1 81.3 81.5 81.7 81.8 82.0 82.2 82.3 82.4 | 80.8 81.3 81.8 82.3 | 81.6 | | | 1993 | 82.6 82.7 82.8 82.9 83.0 83.2 83.3 83.4 83.5 83.7 83.8 84.0 | 82.7 83.0 83.4 83.8 | 83.2 1994 | 84.2 84.3 84.6 84.8 85.0 85.3 85.5 85.8 86.1 86.4 86.6 86.9 | 84.4 85.0 85.8 86.6 | 85.5 1995 | 87.2 87.5 87.8 88.1 88.4 88.8 89.1 89.4 89.8 90.1 90.5 90.9 | 87.5 88.4 89.4 90.5 | 89.0 1996 | 91.3 91.7 92.2 92.6 93.0 93.4 93.9 94.3 94.8 95.2 95.7 96.1 | 91.7 93.0 94.3 95.7 | 93.7 1997 | 96.6 97.1 97.6 98.1 98.6 99.2 99.7 100.3 100.9 101.6 102.2 102.9 | 97.1 98.6 100.3 102.2 | 99.6 | | | 1998 | 103.6 104.2 104.9 105.6 106.3 106.9 107.5 108.1 108.7 109.2 109.8 110.3 | 104.2 106.3 108.1 109.8 | 107.1 1999 | 110.8 111.3 111.7 112.2 112.6 113.1 113.5 113.9 114.3 114.7 115.1 115.5 | 111.3 112.6 113.9 115.1 | 113.2 2000 | 115.9 116.3 116.7 117.1 117.5 117.9 118.3 118.7 119.0 119.4 119.8 120.2 | 116.3 117.5 118.7 119.8 | 118.1 2001 | 120.6 120.9 121.3 121.6 122.0 122.3 122.6 122.9 123.1 123.4 123.6 123.9 | 120.9 122.0 122.9 123.6 | 122.3 2002 | 124.0 124.2 124.4 124.5 124.6 124.6 124.7 124.7 124.7 124.7 124.6 124.6 | 124.2 124.5 124.7 124.6 | 124.5 | | | 2003 | 124.6 124.5 124.5 124.5 124.4 124.4 124.4 124.3 124.3 124.3 124.3 124.3 | 124.5 124.4 124.3 124.3 | 124.4 2004 | 124.2 124.2 124.2 124.2 124.1 124.1 124.1 124.1 124.1 124.1 124.2 124.2 | 124.2 124.1 124.1 124.2 | 124.2 2005 | 124.3 124.4 124.6 124.7 124.9 125.0 125.2 125.4 125.6 125.7 125.9 126.1 | 124.4 124.9 125.4 125.9 | 125.2 2006 | 126.3 126.4 126.6 126.8 127.0 127.1 127.4 127.6 127.8 128.1 128.4 128.7 | 126.4 127.0 127.6 128.4 | 127.3 2007 | 129.0 129.2 129.5 129.8 130.0 130.2 130.4 130.5 130.6 130.7 130.7 130.6 | 129.2 130.0 130.5 130.6 | 130.1 | | | 2008 | 130.6 130.5 130.4 130.3 130.2 130.2 130.2 130.3 130.3 130.4 130.6 130.7 | 130.5 130.3 130.3 130.6 | 130.4 2009 | 130.8 130.9 131.0 131.1 131.1 131.1 131.0 130.9 130.8 130.6 130.4 130.1 | 130.9 131.1 130.9 130.4 | 130.8 2010 | 129.9 129.6 129.3 129.0 128.8 128.5 128.3 128.1 127.9 127.7 127.6 127.5 | 129.6 128.8 128.1 127.6 | 128.5 2011 | 127.4 127.4 127.4 127.4 127.4 127.5 127.7 127.8 128.0 128.2 128.4 128.7 | 127.4 127.5 127.8 128.5 | 127.8 2012 | 129.0 129.2 129.5 129.8 130.0 130.3 130.6 130.8 131.1 131.3 131.5 131.7 | 129.2 130.0 130.8 131.5 | 130.4 | | | 2013 | 131.9 132.0 132.2 132.3 132.4 132.5 132.6 132.6 132.7 132.8 132.8 132.9 | 132.0 132.4 132.6 132.8 | 132.5 2014 | 133.0 133.1 133.2 133.4 133.6 133.8 134.0 134.3 134.6 134.9 135.2 135.6 | 133.1 133.6 134.3 135.2 | 134.1 2015 | 135.9 136.2 136.5 136.8 137.1 137.3 137.5 137.7 137.8 137.9 138.0 138.0 | 136.2 137.1 137.7 138.0 | 137.2 2016 | 138.1 138.1 | | | | | Utilization | | | (percent) | | | 1986 | 79.6 78.9 78.3 78.3 78.4 78.1 78.4 78.2 78.3 78.6 78.8 79.4 | 78.9 78.3 78.3 78.9 | 78.6 1987 | 79.0 79.8 79.8 80.2 80.5 80.7 81.1 81.7 81.8 82.8 83.1 83.5 | 79.6 80.5 81.5 83.1 | 81.2 | | | 1988 | 83.4 83.7 83.9 84.3 84.2 84.4 84.4 84.7 84.4 84.8 84.8 85.1 | 83.7 84.3 84.5 84.9 | 84.3 1989 | 85.3 84.8 84.8 84.7 84.0 83.8 82.9 83.5 83.0 82.7 82.8 83.1 | 84.9 84.2 83.1 82.9 | 83.8 1990 | 82.4 83.0 83.2 83.0 82.9 83.0 82.8 82.9 82.9 82.1 81.1 80.4 | 82.9 83.0 82.9 81.2 | 82.5 1991 | 80.0 79.3 78.8 78.9 79.6 80.2 80.2 80.2 80.8 80.5 80.3 79.9 | 79.4 79.6 80.4 80.2 | 79.9 1992 | 79.2 79.6 80.2 80.6 80.7 80.5 81.1 80.5 80.5 81.0 81.2 81.1 | 79.7 80.6 80.7 81.1 | 80.5 | | | 1993 | 81.3 81.5 81.3 81.5 81.1 81.1 81.3 81.1 81.3 81.8 82.0 82.3 | 81.4 81.2 81.2 82.0 | 81.5 1994 | 82.4 82.2 82.9 83.1 83.3 83.6 83.5 83.7 83.7 84.2 84.4 85.0 | 82.5 83.3 83.6 84.5 | 83.5 1995 | 84.9 84.5 84.3 84.0 83.9 83.9 83.3 84.0 84.0 83.6 83.4 83.4 | 84.5 83.9 83.8 83.5 | 83.9 1996 | 82.5 83.4 82.9 83.3 83.5 83.8 83.3 83.4 83.6 83.1 83.4 83.5 | 82.9 83.6 83.4 83.4 | 83.3 1997 | 83.2 83.8 84.0 83.6 83.7 83.6 83.8 84.2 84.4 84.6 84.8 84.5 | 83.7 83.6 84.1 84.6 | 84.0 | | | 1998 | 84.4 83.9 83.4 83.2 83.2 82.2 81.4 82.6 82.0 82.3 81.8 81.8 | 83.9 82.8 82.0 82.0 | 82.7 1999 | 81.8 81.9 81.6 81.5 81.8 81.4 81.6 81.6 81.0 81.8 81.9 82.2 | 81.8 81.6 81.4 82.0 | 81.7 2000 | 81.9 81.9 81.9 82.3 82.1 81.9 81.6 81.0 81.1 80.6 80.4 79.9 | 81.9 82.1 81.2 80.3 | 81.4 2001 | 79.1 78.4 77.9 77.5 76.8 76.1 75.5 75.2 74.8 74.3 73.8 73.7 | 78.5 76.8 75.2 73.9 | 76.1 2002 | 74.0 73.9 74.4 74.7 74.9 75.6 75.4 75.4 75.5 75.2 75.6 75.3 | 74.1 75.0 75.4 75.4 | 75.0 | | | 2003 | 75.7 76.0 75.9 75.3 75.4 75.5 75.8 75.7 76.2 76.3 76.9 76.9 | 75.9 75.4 75.9 76.7 | 76.0 2004 | 77.1 77.5 77.2 77.5 78.2 77.6 78.2 78.2 78.3 79.0 79.1 79.7 | 77.3 77.8 78.2 79.3 | 78.1 2005 | 80.0 80.4 80.2 80.2 80.3 80.5 80.1 80.2 78.5 79.4 80.1 80.5 | 80.2 80.3 79.6 80.0 | 80.0 2006 | 80.5 80.4 80.5 80.7 80.5 80.6 80.5 80.6 80.3 80.1 79.9 80.5 | 80.5 80.6 80.5 80.2 | 80.4 2007 | 80.0 80.6 80.6 81.0 80.9 80.7 80.6 80.7 80.9 80.5 80.9 80.9 | 80.4 80.9 80.7 80.8 | 80.7 | | | 2008 | 80.7 80.5 80.4 79.8 79.5 79.4 78.9 77.7 74.3 74.9 74.0 71.7 | 80.5 79.5 77.0 73.5 | 77.7 2009 | 70.0 69.5 68.3 67.7 67.0 66.7 67.4 68.2 68.8 69.1 69.5 69.8 | 69.2 67.1 68.1 69.5 | 68.5 2010 | 70.8 71.2 71.8 72.2 73.5 73.8 74.3 74.7 75.0 74.9 75.0 75.7 | 71.2 73.2 74.6 75.2 | 73.6 2011 | 75.7 75.4 76.0 75.7 75.8 75.9 76.2 76.5 76.4 76.8 76.5 76.7 | 75.7 75.8 76.4 76.6 | 76.1 2012 | 77.1 77.1 76.4 76.9 76.9 76.8 76.8 76.3 76.3 76.3 76.6 76.7 | 76.9 76.9 76.5 76.6 | 76.7 | | | 2013 | 76.6 76.9 76.9 76.8 76.7 76.8 76.4 76.9 77.2 77.1 77.4 77.5 | 76.8 76.8 76.8 77.3 | 76.9 2014 | 77.0 77.6 78.1 78.1 78.4 78.6 78.5 78.3 78.4 78.3 78.9 78.6 | 77.6 78.4 78.4 78.6 | 78.2 2015 | 78.0 77.7 77.3 76.9 76.6 76.4 76.7 76.7 76.4 76.3 75.7 75.4 | 77.7 76.6 76.6 75.8 | 76.7 2016 | 75.8 75.4 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. Table 2 Rates of Change in Industrial Production, Market and Industry Group Summary: 2011-2015 <1> ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Difference between | | Revised change | revised and earlier changes | | (percent) | (percentage points) Item | NAICS | 2011 2012 2013 2014 2015 | 2011 2012 2013 2014 2015 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 2.6 2.3 2.0 3.5 -1.6 | -.2 .2 -.3 -1.0 -.8 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 1.8 1.1 .8 1.8 -1.0 | .0 -.1 -.7 -1.2 -.7 Consumer goods | | .8 -1.5 1.5 .9 .7 | .1 -.2 -1.4 -1.0 -.5 Durable | | 5.2 .4 8.8 3.6 3.9 | .0 .4 -.7 -2.3 -1.3 Automotive products | | 11.6 -1.2 15.1 5.3 6.7 | .0 .7 -.4 -1.5 -1.2 Home electronics | | 15.2 5.6 3.9 .2 -.6 | 3.1 -1.4 1.4 -3.1 -6.0 Appliances, furniture, carpeting | | .8 2.4 2.9 2.6 3.1 | -.1 .4 -2.7 -5.0 .3 Miscellaneous goods | | -2.1 1.4 3.2 2.0 .5 | .0 .1 -.6 -2.3 -1.7 Nondurable | | -.3 -1.9 -.4 .1 -.3 | .1 -.4 -1.7 -.7 -.3 Non-energy | | -.1 -3.0 -2.0 1.0 .1 | .0 -.5 -1.2 -.8 -.9 Foods and tobacco | | -1.0 1.2 1.0 -.4 .3 | -.1 .2 -.1 -.7 -.7 Clothing | | -5.6 -7.4 -4.1 -1.3 -4.6 | .2 -.6 -2.5 -1.5 -.4 Chemical products | | 2.3 -9.1 -8.0 5.0 .7 | .3 -1.0 -3.1 -1.3 -1.1 Paper products | | -.2 -8.2 -1.3 -2.8 -3.3 | -.9 -3.4 -.7 2.8 -2.0 Energy | | -1.1 1.3 5.2 -2.8 -2.6 | .5 .3 -2.1 -1.1 .7 | | | Business equipment | | 6.0 7.7 -2.0 4.6 -1.9 | -.1 .3 -.5 -2.7 -.5 Transit | | 8.7 19.6 2.3 10.4 -.4 | .0 .1 .8 -1.3 -.3 Information processing | | 2.1 6.1 -.5 1.9 1.1 | -.3 .4 -.3 -1.6 .2 Industrial and other | | 6.7 4.0 -4.5 3.0 -3.9 | -.1 .3 -1.1 -3.9 -1.1 Defense and space equipment | | -.6 .3 -4.1 -3.2 -4.7 | .1 -.3 1.1 -2.5 -2.7 | | | Construction supplies | | 1.9 3.2 3.6 4.4 1.1 | .0 .0 .1 -.8 -1.2 Business supplies | | .1 1.6 2.3 1.1 .3 | -.6 -.1 .1 -.6 -.4 | | | Materials | | 3.5 3.5 3.3 5.2 -2.3 | -.5 .3 .1 -.9 -.7 Non-energy | | 3.0 2.4 1.7 2.2 -.5 | -.4 .6 .1 -1.1 -.9 Durable | | 6.3 3.4 3.2 3.6 -1.3 | -.2 .3 .8 -1.2 -1.0 Consumer parts | | 8.7 8.8 3.8 4.6 3.3 | -.2 .1 -.3 -4.4 -1.5 Equipment parts | | 10.5 3.1 3.7 5.7 -1.3 | -.1 .7 2.9 1.7 -.5 Other | | 2.7 1.8 2.7 2.0 -3.0 | -.1 .1 -.4 -1.8 -1.3 Nondurable | | -1.7 1.1 -.5 .1 .8 | -.7 .9 -1.0 -1.1 -.7 Textile | | -6.5 -1.0 8.1 -1.2 -.4 | -.1 .4 1.4 -2.7 -2.9 Paper | | -.1 .9 -.9 -.5 -2.6 | .1 -.3 .6 1.3 -.7 Chemical | | -2.6 1.6 -2.3 .0 2.7 | -1.4 1.8 -2.3 -2.4 -.3 Energy | | 4.2 5.1 5.5 9.2 -5.1 | -.7 -.1 -.1 -.7 .0 | | | | | | INDUSTRY GROUP | | | Manufacturing<2> | | 2.5 1.7 .8 2.0 .0 | -.3 .2 -.4 -1.4 -.9 Manufacturing (NAICS) | 31-33 | 2.7 2.2 .9 2.3 .1 | -.2 .3 -.5 -1.6 -.8 | | | Durable manufacturing | | 5.2 4.0 2.5 3.3 -.7 | -.2 .4 .4 -1.8 -1.1 Wood products | 321 | 1.0 7.9 4.9 3.0 -.6 | -.1 .1 -.4 -1.3 -1.5 Nonmetallic mineral products | 327 | -.5 4.0 4.5 4.9 4.4 | -.1 .1 .9 -.3 -.3 Primary metals | 331 | 6.0 -3.9 4.9 -1.8 -6.9 | -.5 .6 -.6 -3.0 -.5 Fabricated metal products | 332 | 4.1 1.7 3.5 1.1 -3.2 | -.1 .3 .7 -1.2 -1.5 Machinery | 333 | 9.8 2.7 -5.0 3.9 -4.9 | -.2 .4 -1.4 -4.2 -.4 Computer and electronic products | 334 | 6.0 7.7 2.9 5.6 1.5 | -.4 1.4 3.4 2.0 .8 Electrical equip., appliances, | | | and components | 335 | 1.5 2.4 -.4 .8 2.4 | -.1 .1 .3 -1.8 -4.3 Motor vehicles and parts | 3361-3 | 11.1 6.8 10.1 6.4 5.1 | -.1 .6 -.1 -3.4 -1.0 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 6.7 7.5 .9 4.6 -1.6 | .3 -.7 2.0 1.7 -2.2 Furniture and related products | 337 | 1.4 6.2 -.8 3.9 3.1 | .0 -.1 -3.9 -5.4 .5 Miscellaneous | 339 | -4.4 .4 3.8 .3 -1.5 | -.2 .4 -1.8 -5.5 -2.8 | | | Nondurable manufacturing | | .0 .2 -.9 1.1 1.1 | -.2 .2 -1.6 -1.5 -.5 Food, beverage, and tobacco products | 311,2 | -1.0 1.2 1.2 -.1 .5 | -.1 .2 -.2 -.8 -.8 Textile and product mills | 313,4 | -4.1 -1.8 6.5 .1 -.5 | -.1 .3 1.0 -1.6 -2.1 Apparel and leather | 315,6 | -5.6 -7.8 -3.7 -1.4 -4.3 | .2 -.6 -3.0 -1.8 -.1 Paper | 322 | 1.5 2.2 -1.4 .7 -3.3 | .1 -.4 .6 1.6 -1.0 Printing and support | 323 | -3.6 -.6 2.4 -.6 2.7 | .0 .0 -.6 -.8 .3 Petroleum and coal products | 324 | 2.7 -.4 1.7 -2.4 6.5 | -.1 .2 -3.9 -2.5 3.5 Chemicals | 325 | .2 -1.8 -4.6 2.3 1.5 | -.6 .4 -2.7 -2.2 -.8 Plastics and rubber products | 326 | 1.3 5.1 -.1 5.7 1.2 | -.1 .3 -2.2 -4.1 -1.1 | | | Other manufacturing (non-NAICS) | 1133,5111 | -2.6 -10.2 .2 -5.3 -3.5 | -2.1 -3.8 1.8 3.3 -2.0 | | | Mining | 21 | 7.0 6.4 5.9 12.4 -8.2 | -.2 .1 .1 .2 -.1 Utilities | 2211,2 | -2.4 .0 4.4 -.7 -4.1 | -.2 -.1 -.2 .2 -.4 Electric | 2211 | -1.9 -.6 3.6 -.3 -3.2 | -.2 -.2 -.1 .3 -.5 Natural gas | 2212 | -5.9 4.4 11.0 -3.4 -11.5 | -.1 .4 .1 -.2 -.1 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------- <1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year specified in the column heading. For 2015, the rates are calculated from the fourth quarter of 2014 to the second quarter 2015 and are annualized. <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. Table 3 Rates of Change in Industrial Production, Special Aggregates and Selected Detail: 2011-2015 <1> ---------------------------------------------------------------------------------------------------------------------------------------------------- | | | Difference between | | Revised change | revised and earlier changes | | (percent) | (percentage points) Item | NAICS | 2011 2012 2013 2014 2015 | 2011 2012 2013 2014 2015 ---------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 2.6 2.3 2.0 3.5 -1.6 | -.2 .2 -.3 -1.0 -.8 | | | Energy | | 3.2 3.8 5.1 6.7 -6.0 | .0 .2 -.5 .1 -.4 Consumer products | | -1.1 1.3 5.2 -2.8 -2.6 | .5 .3 -2.1 -1.1 .7 Commercial products | | -.5 1.3 3.7 .7 -.2 | -.1 .0 -.9 -.6 .0 Oil and gas well drilling | 213111 | 21.0 -7.8 -1.5 7.1 -59.5 | -.1 -.2 -.2 -.2 .0 Converted fuel | | -1.0 4.8 .9 .5 -2.0 | -1.0 .2 .0 -.3 -1.0 Primary energy | | 6.0 5.2 6.9 12.0 -6.0 | -.3 -.1 .0 -.2 .3 | | | Non-energy | | 2.4 1.7 .8 2.3 -.2 | -.3 .2 -.2 -1.3 -1.0 Selected high-technology industries | | 7.9 11.8 11.5 8.8 .2 | -.1 2.0 8.9 7.1 .2 Computers and peripheral equipment | 3341 | 1.7 18.5 .3 2.2 -10.7 | 1.1 -2.1 1.1 -8.1 -10.0 Communications equipment | 3342 | 4.1 1.6 18.0 -2.6 .5 | .4 -1.4 4.4 8.2 .3 Semiconductors and related | | | electronic components | 3344 | 10.2 13.5 12.2 15.5 2.6 | -.1 3.8 12.0 11.4 2.7 | | | Excluding selected high-technology | | | industries | | 2.1 1.2 .4 2.0 -.2 | -.2 .1 -.6 -1.6 -1.0 | | | Motor vehicles and parts | 3361-3 | 11.1 6.8 10.1 6.4 5.1 | -.1 .6 -.1 -3.4 -1.0 Motor vehicles | 3361 | 13.0 2.3 13.8 3.4 3.2 | -.2 1.1 -.8 -4.7 -1.5 Motor vehicle parts | 3363 | 9.2 10.6 5.4 8.9 6.4 | .1 .1 .1 -2.7 -.3 | | | Excluding motor vehicles and parts | | 1.6 .8 -.3 1.7 -.6 | -.2 .1 -.6 -1.5 -1.0 Consumer goods | | -.1 -2.5 -1.2 1.2 .3 | -.1 -.4 -1.2 -1.2 -1.0 Business equipment | | 6.9 7.2 -3.1 4.9 -1.9 | -.1 .4 -.7 -2.4 -.3 Construction supplies | | 1.9 3.2 3.5 4.5 1.1 | .0 .0 .1 -.8 -1.2 Business supplies | | -.8 .5 .9 .1 .2 | -.7 -.4 -.2 -1.4 -1.0 Materials | | 1.9 1.0 .9 1.3 -1.1 | -.4 .5 -.6 -1.4 -1.1 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 2.4 1.9 1.8 3.3 -1.7 | -.2 .1 -.6 -1.2 -.8 Manufacturing<2> | | 2.2 1.3 .4 1.8 .0 | -.2 .1 -.8 -1.7 -.9 Durable | | 5.0 3.3 1.8 2.9 -.8 | -.1 .3 -.2 -2.4 -1.2 | | | Measures excluding motor vehicles and parts | | | Total industry | | 2.2 2.0 1.6 3.3 -2.0 | -.2 .1 -.3 -.9 -.8 Manufacturing<2> | | 1.9 1.4 .2 1.7 -.4 | -.3 .1 -.5 -1.3 -.9 Durable | | 4.5 3.6 1.4 2.8 -1.6 | -.2 .3 .5 -1.5 -1.1 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 2.0 1.7 1.4 3.2 -2.0 | -.2 .1 -.6 -1.1 -.8 Manufacturing<2> | | 1.6 .9 -.2 1.4 -.4 | -.3 .1 -.9 -1.6 -.9 | | | Stage-of-process components | | | of non-energy materials, | | | measures of the input to | | | Finished processors | | 7.3 3.9 3.0 4.0 -.2 | -.1 .4 1.6 -.2 -.9 Primary and semifinished processors | | .3 1.5 .9 1.1 -.7 | -.5 .7 -.9 -1.7 -1.0 | | | Stage-of-process groups | | | Crude | | 4.3 6.2 4.5 8.9 -3.4 | -.6 .6 -.2 -.1 -.1 Primary and semifinished | | 1.4 1.4 3.3 1.9 -1.0 | -.2 .0 .2 -.4 -.8 Finished | | 3.2 1.2 -1.1 2.2 -1.4 | .0 .0 -1.0 -2.3 -1.0 ---------------------------------------------------------------------------------------------------------------------------------------------------- <1> See footnote 1 to table 2. <2> See footnote 2 to table 2. Table 4 Annual Rates of Change for Industrial Production <1> -------------------------------------------------------------------------------------------------------------------------------------------- | | Difference between | Revised Growth Rates | revised and earlier rates | | (percentage points) Item | 2011 2012 2013 2014 2015 | 2011 2012 2013 2014 2015 -------------------------------------------------------------------------------------------------------------------------------------------- | | Total IP | 2.9 2.8 1.9 2.9 .3 | -.1 -.1 .0 -.8 -1.0 | | MARKET GROUP | | Consumer goods | 1.2 -1.4 .7 .7 1.4 | .0 .0 -.8 -1.5 -.6 Durable | 4.6 2.1 5.7 4.6 3.9 | .1 .1 .2 -2.4 -1.3 Nondurable | .4 -2.2 -.6 -.4 .7 | .0 -.1 -1.1 -1.3 -.5 | | Business equipment | 5.3 9.9 -.2 2.4 .7 | .0 .0 .3 -2.4 -1.0 Defense and space equipment | -2.9 1.9 -2.9 -2.8 -5.6 | -.1 .1 .1 .4 -4.7 | | Construction supplies | 2.4 4.3 3.0 3.7 1.4 | .0 .0 .1 -.2 -1.2 Business supplies | 1.0 1.1 1.8 1.5 .3 | -.4 -.4 .3 -.3 -.7 | | Materials | 4.0 4.0 3.3 4.7 .6 | -.2 -.2 .2 -.5 -1.0 Non-energy | 4.6 2.8 1.8 1.9 .4 | -.1 .0 .5 -.6 -1.2 Energy | 3.1 5.7 5.4 8.2 .6 | -.3 -.6 -.3 -.4 -.5 | | | | INDUSTRY GROUP | | Manufacturing<2> | 2.9 2.6 .9 1.3 .8 | -.1 -.1 .0 -1.2 -1.1 Manufacturing (NAICS) | 3.2 2.9 1.1 1.3 1.1 | -.1 .0 .0 -1.5 -1.1 Durable manufacturing | 6.1 5.5 2.1 3.0 .5 | -.1 .0 .8 -1.0 -1.5 Nondurable manufacturing | .1 .1 .0 -.6 1.7 | .0 .0 -.8 -2.0 -.6 Other manufacturing (non-NAICS) | -4.7 -5.9 -5.0 -.6 -6.3 | -2.0 -3.2 -1.7 5.0 -1.6 | | Mining | 5.6 7.4 6.5 11.0 -1.7 | .0 -.1 -.1 .2 -.5 Utilities | -.3 -2.3 2.3 1.3 -.7 | -.2 -.2 -.1 .3 -.6 -------------------------------------------------------------------------------------------------------------------------------------------- <1> The rates of change are calculated as the percent change in the annual averages of not seasonally adjusted industrial production indexes rather than as the percent change between the fourth quarter of one year and the fourth quarter of the next. <2> See footnote 2 to table 2. Table 5 Rates of Change in Capacity, by Industry Groups: 2012-2016 <1> --------------------------------------------------------------------------------------------------------------------------------------------------------- | | Difference between | Revised change | revised and earlier changes | (percent) | (percentage points) Item | 2012 2013 2014 2015 2016 | 2012 2013 2014 2015 2016 --------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 2.4 1.0 1.8 2.0 .5 | .0 -.6 -.3 .5 -.1 | | Manufacturing<2> | 1.8 .4 .2 .8 .9 | -.1 -.7 -.6 -.4 -.3 Manufacturing (NAICS) | 2.1 .6 .4 1.0 .9 | .0 -.6 -.5 -.3 -.3 Durable manufacturing | 2.4 1.9 .3 .6 1.3 | .2 .0 -1.3 -1.3 -.6 Nondurable manufacturing | 1.7 -.7 .5 1.6 .5 | -.1 -1.3 .5 .8 .0 Other manufacturing (non-NAICS) | -3.4 -5.2 -5.5 -4.9 -.2 | -3.5 -4.0 -3.2 -2.7 .3 | | Mining | 5.9 6.7 8.3 5.6 -3.4 | .1 .2 -1.0 1.4 -.2 Utilities | 1.1 .0 .9 .7 .8 | .0 -.3 -.2 -.1 .0 | | | | Selected high-technology industries | 14.4 15.4 .2 -.4 9.1 | .7 15.8 -.8 -6.3 5.5 Manufacturing<2> ex. selected | | high-technology industries | 1.3 -.1 .2 .9 .5 | -.1 -1.4 -.5 -.1 -.4 | | Stage-of-process groups | | Crude | 6.3 4.9 6.5 4.8 -2.8 | .0 .5 -.4 1.5 -.3 Primary and semifinished | 1.4 .7 .1 .6 1.1 | -.4 .0 -.4 -.4 .0 Finished | 1.6 -.2 .5 1.2 .9 | .4 -1.8 -.8 -.3 -.3 --------------------------------------------------------------------------------------------------------------------------------------------------------- <1> Rates of change are calculated as the percent change in the seasonally adjusted index from the fourth quarter of the previous year to the fourth quarter of the year specified in the column heading. <2> See footnote 2 to table 2. 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 | NAICS | 2015 2012 2013 2014 2015 | 2012 2013 2014 2015 | | Ave. Q4 Q4 Q4 Q4 | Q4 Q4 Q4 Q4 -------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 80.0 76.6 77.3 78.6 75.8 | .1 .3 -.2 -1.2 | | | Manufacturing<1> | | 78.5 74.3 74.6 76.0 75.4 | .2 .4 -.2 -.6 Manufacturing (NAICS) | 31-33 | 78.4 74.8 75.0 76.4 75.7 | .2 .3 -.6 -1.0 | | | Durable manufacturing | | 76.9 74.3 74.8 77.0 76.1 | .1 .4 .1 .3 Wood products | 321 | 76.4 69.5 71.8 71.4 67.8 | 3.2 1.6 -.5 -3.1 Nonmetallic mineral products | 327 | 74.0 57.2 60.8 63.9 66.4 | 1.4 1.8 1.4 .8 Primary metals | 331 | 78.8 75.3 75.0 75.4 70.4 | -.8 -1.0 -2.5 -1.4 Fabricated metal products | 332 | 77.6 77.5 80.6 81.6 79.4 | .2 1.1 .1 -1.0 Machinery | 333 | 77.7 78.5 74.2 75.9 72.1 | -.7 .3 -2.1 -1.5 Computer and electronic products | 334 | 77.6 73.4 70.2 73.2 73.2 | .2 -2.8 -.9 2.3 Electrical equip., appliances, | | | and components | 335 | 82.6 81.5 82.6 82.9 84.8 | -.2 1.5 -.1 -4.1 Motor vehicles and parts | 3361-3 | 74.9 69.4 73.5 77.9 80.9 | .0 .6 1.4 2.4 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 74.0 78.4 79.0 83.1 81.9 | -.2 2.5 4.8 3.4 Furniture and related products | 337 | 76.5 71.9 72.6 75.9 77.9 | 2.1 .4 -3.0 -3.0 Miscellaneous | 339 | 76.4 75.8 78.8 79.1 77.1 | -.2 1.5 .2 -.3 | | | Nondurable manufacturing | | 80.3 75.3 75.2 75.6 75.3 | .3 .1 -1.4 -2.4 Food, beverage, and tobacco products | 311,2 | 80.8 78.5 79.1 77.5 76.0 | .3 .2 -1.5 -3.4 Textile and product mills | 313,4 | 79.3 67.2 72.3 72.5 71.7 | 1.1 1.2 -.7 -2.8 Apparel and leather | 315,6 | 76.8 67.5 66.4 66.1 63.5 | 4.5 2.5 .4 -.9 Paper | 322 | 86.6 83.5 82.5 84.4 82.2 | -.1 -.1 .9 .2 Printing and support | 323 | 79.7 61.4 63.0 63.7 65.6 | -.6 -.2 .4 1.9 Petroleum and coal products | 324 | 85.4 83.0 83.9 81.7 80.4 | 2.0 1.6 -1.7 -4.5 Chemicals | 325 | 77.1 71.1 69.5 72.0 73.2 | -.4 -.6 -1.7 -1.6 Plastics and rubber products | 326 | 82.0 77.9 77.9 81.0 80.0 | 1.9 1.9 .3 -1.9 | | | Other manufacturing (non-NAICS) | 1133,5111 | 81.0 61.6 65.1 65.3 66.2 | -1.1 2.6 6.8 7.3 | | | Mining | 21 | 87.3 88.2 87.6 90.9 79.0 | -.6 -.8 .2 -1.1 Utilities | 2211,2 | 85.8 78.3 81.8 80.4 76.6 | .0 .0 .4 .2 | | | Selected high-technology industries | | 77.5 69.9 67.5 73.3 73.7 | .5 -4.0 1.3 5.7 Computers and peripheral equipment | 3341 | 77.6 64.9 64.0 69.9 66.9 | -2.1 -.1 3.5 4.7 Communications equipment | 3342 | 76.6 76.3 80.4 72.9 67.7 | .1 -5.5 -1.3 -2.7 Semiconductors and related | | | electronic components | 3344 | 78.9 69.1 63.9 74.3 77.9 | 1.0 -5.3 1.4 9.2 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 80.1 76.8 77.6 78.7 75.9 | .0 .4 -.3 -1.5 Manufacturing<1> | | 78.5 74.5 74.9 76.1 75.4 | .2 .6 -.3 -.9 | | | Stage-of-process groups | | | Crude | | 86.3 86.1 85.5 87.7 78.7 | -.1 -.8 -.5 -1.7 Primary and semifinished | | 80.6 74.2 75.9 77.1 75.8 | .4 .5 .2 .0 Finished | | 77.0 74.7 74.5 75.8 75.0 | -.3 .4 -.4 -1.0 -------------------------------------------------------------------------------------------------------------------------------------------------------- 1. See footnote 2 to table 2. Table 7 Rates of change in industrial production, 2010 H2-2015 H1 ---------------------------------------------------------------------------------------------------------------------------------------------------- | | 2011 2012 2013 2014 2015 | NAICS | H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 ---------------------------------------------------------------------------------------------------------------------------------------------------- | | Total IP | | 1.5 3.8 3.1 1.4 2.0 2.1 3.8 3.1 -2.3 -.9 | | MARKET GROUP | | Final products and nonindustrial supplies | | .9 2.8 2.4 -.2 1.0 .7 1.8 1.8 -2.0 .0 Consumer goods | | 1.5 .1 -2.0 -.9 2.0 1.0 .4 1.3 .7 .6 Durable | | 3.7 6.8 1.7 -.8 10.6 7.0 2.7 4.5 2.5 5.3 Automotive products | | 6.9 16.6 -.8 -1.5 18.6 11.7 3.5 7.2 6.7 6.7 Home electronics | | 16.1 14.3 9.1 2.3 7.5 .3 -1.1 1.6 -1.3 .2 Appliances, furniture, carpeting | | .6 1.0 5.3 -.3 4.8 1.0 .8 4.4 .2 6.1 Miscellaneous goods | | -.6 -3.7 3.2 -.4 2.9 3.6 2.9 1.0 -2.1 3.2 Nondurable | | .9 -1.5 -3.0 -.9 -.2 -.6 -.3 .4 .1 -.8 Non-energy | | .7 -.9 -2.9 -3.0 -2.4 -1.7 1.4 .6 -.1 .2 Foods and tobacco | | -.8 -1.3 .1 2.3 1.7 .2 -.2 -.6 .1 .4 Clothing | | -5.0 -6.2 -1.6 -12.9 -9.7 1.9 -4.0 1.4 -4.3 -4.9 Chemical products | | 5.7 -.9 -7.2 -10.9 -9.1 -6.8 5.2 4.7 1.3 .1 Paper products | | -5.9 5.8 -8.2 -8.2 -5.4 3.1 1.2 -6.6 -4.9 -1.7 Energy | | 1.4 -3.6 -3.3 6.1 7.0 3.4 -5.6 .0 .6 -5.7 | | Business equipment | | .8 11.4 13.5 2.2 -2.5 -1.5 5.1 4.0 -1.2 -2.6 Transit | | -5.7 25.2 26.8 12.8 1.8 2.8 13.1 7.8 2.6 -3.4 Information processing | | -2.5 7.0 10.7 1.7 -1.6 .6 -1.1 4.9 2.2 .0 Industrial and other | | 4.8 8.5 9.9 -1.7 -4.6 -4.3 4.2 1.8 -4.5 -3.3 Defense and space equipment | | -6.0 5.1 -1.1 1.8 -5.2 -2.9 -1.5 -4.9 -8.4 -.9 | | Construction supplies | | .0 3.9 6.7 -.2 3.9 3.3 4.2 4.6 -1.5 3.7 Business supplies | | .3 -.2 3.3 .0 2.5 2.1 .9 1.3 -.5 1.0 | | Materials | | 2.1 4.9 3.8 3.3 3.1 3.6 6.0 4.5 -2.6 -2.0 Non-energy | | 2.8 3.1 3.0 1.9 1.6 1.8 2.1 2.3 -1.2 .2 Durable | | 7.1 5.6 5.8 1.0 2.2 4.2 4.7 2.6 -2.4 -.2 Consumer parts | | 2.2 15.5 14.5 3.3 3.2 4.3 4.1 5.1 3.0 3.5 Equipment parts | | 12.1 8.9 8.9 -2.4 2.0 5.5 6.1 5.4 -2.3 -.4 Other | | 5.1 .3 1.0 2.6 1.9 3.4 4.0 .1 -4.4 -1.5 Nondurable | | -3.0 -.3 -1.0 3.2 .8 -1.8 -1.7 1.9 .9 .7 Textile | | -4.4 -8.7 -.2 -1.7 9.3 6.9 -5.4 3.1 -1.2 .3 Paper | | -1.3 1.1 2.0 -.3 .8 -2.5 -.5 -.5 -1.8 -3.5 Chemical | | -4.3 -.9 -2.5 5.9 -.6 -3.9 -2.7 2.8 2.8 2.6 Energy | | 1.1 7.4 4.9 5.4 5.1 5.8 11.0 7.5 -4.5 -5.6 | | | | INDUSTRY GROUP | | Manufacturing<1> | | 1.2 3.7 3.0 .5 1.1 .6 1.9 2.1 -.5 .6 Manufacturing (NAICS) | 31-33 | 1.5 3.8 3.5 .9 1.3 .4 2.0 2.6 -.4 .7 | | Durable manufacturing | | 3.4 7.1 7.2 .9 2.2 2.7 3.8 2.9 -1.7 .4 Wood products | 321 | -.2 2.1 11.2 4.7 3.5 6.4 1.6 4.3 -6.1 5.3 Nonmetallic mineral products | 327 | -.2 -.8 4.8 3.2 6.4 2.6 6.3 3.6 .9 8.1 Primary metals | 331 | 9.0 3.1 -6.4 -1.4 7.3 2.5 .1 -3.7 -9.5 -4.2 Fabricated metal products | 332 | 5.5 2.7 3.9 -.5 1.9 5.2 1.7 .6 -2.5 -3.9 Machinery | 333 | 7.1 12.6 12.6 -6.4 -6.1 -3.9 3.8 4.0 -5.3 -4.5 Computer and electronic products | 334 | 5.4 6.6 11.4 4.2 .8 5.1 6.0 5.1 .5 2.6 Selected high-technology industries | | 10.2 5.6 14.6 9.1 8.8 14.2 11.5 6.1 -1.5 1.9 Computers and peripheral equipment | 3341 | -13.5 19.7 43.2 -2.0 -5.7 6.6 -3.5 8.2 -.5 -20.0 Communications equipment | 3342 | 11.4 -2.7 -8.0 12.3 25.8 10.7 -7.4 2.5 .8 .3 Semiconductors and related | | electronic components | 3344 | 14.9 5.7 16.3 10.8 7.0 17.6 24.8 6.9 -2.5 7.9 Electrical equip., appliances, | | and components | 335 | .5 2.4 3.8 .9 -1.8 1.0 2.7 -1.1 1.8 3.1 Motor vehicles and parts | 3361-3 | 2.5 20.4 11.9 2.0 11.0 9.3 6.2 6.5 5.7 4.5 Aerospace and miscellaneous | | transportation equipment | 3364-9 | -2.0 16.1 7.5 7.5 1.5 .3 6.4 2.9 -2.3 -.9 Furniture and related products | 337 | 3.5 -.7 11.3 1.4 3.8 -5.2 1.3 6.5 -.7 7.1 Miscellaneous | 339 | -1.4 -7.2 .3 .6 4.9 2.7 -.1 .6 -4.9 2.0 | | Nondurable manufacturing | | -.5 .4 -.4 .8 .3 -2.1 -.1 2.3 1.2 .9 Food, beverage, and tobacco products | 311,2 | -.9 -1.2 .1 2.4 2.0 .5 -.4 .2 .3 .8 Textile and product mills | 313,4 | -.7 -7.4 -2.2 -1.4 6.9 6.1 -2.3 2.6 -1.7 .7 Apparel and leather | 315,6 | -4.6 -6.6 -3.0 -12.3 -8.8 1.6 -3.9 1.1 -3.5 -5.2 Paper | 322 | -.7 3.7 3.4 1.1 .5 -3.2 1.1 .4 -2.7 -3.8 Printing and support | 323 | -2.8 -4.3 2.4 -3.4 3.0 1.8 -2.5 1.3 2.1 3.3 Petroleum and coal products | 324 | .9 4.7 -4.2 3.7 6.6 -3.0 -5.4 .7 8.9 4.2 Chemicals | 325 | -.1 .4 -2.3 -1.3 -4.0 -5.2 .4 4.3 1.7 1.2 Plastics and rubber products | 326 | .2 2.4 6.9 3.3 .6 -.8 6.1 5.3 .5 1.9 | | Other manufacturing (non-NAICS) | 1133,5111 | -7.0 2.0 -9.3 -11.1 -4.5 5.1 .7 -11.0 -4.0 -3.1 | | Mining | 21 | 5.0 8.9 4.4 8.4 5.3 6.6 17.0 8.1 -10.1 -6.2 Utilities | 2211,2 | -1.9 -2.9 1.6 -1.5 3.3 5.5 -4.0 2.7 -2.9 -5.2 ---------------------------------------------------------------------------------------------------------------------------------------------------- Note: The data are semiannual. Rates of change are calculated as the annualized percent change in the seasonally adjusted index from the second quarter of the previous half-year to the second quarter of the half-year specified in the column heading. <1> See footnote 2 to table 2. Table 8 Capacity utilization rates: 2011 Q2-2015 Q4 Percent of capacity, seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------------------ | | 2011 2012 2013 2014 2015 | NAICS | Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 ------------------------------------------------------------------------------------------------------------------------------------------------------ Total industry | | 75.8 76.6 76.9 76.6 76.8 77.3 78.4 78.6 76.6 75.8 | | Manufacturing<1> | | 73.3 74.4 74.8 74.3 74.4 74.6 75.4 76.0 75.5 75.4 Manufacturing (NAICS) | 31-33 | 73.6 74.7 75.2 74.8 74.9 75.0 75.7 76.4 75.8 75.7 | | Durable manufacturing | | 71.5 73.2 74.9 74.3 74.3 74.8 76.0 77.0 76.2 76.1 Wood products | 321 | 60.3 62.8 67.6 69.5 70.3 71.8 71.2 71.4 67.6 67.8 Nonmetallic mineral products | 327 | 53.7 54.4 56.1 57.2 59.6 60.8 62.9 63.9 64.1 66.4 Primary metals | 331 | 74.2 76.0 75.2 75.3 76.1 75.0 75.4 75.4 72.2 70.4 Fabricated metal products | 332 | 77.7 78.3 78.6 77.5 78.2 80.6 81.4 81.6 80.7 79.4 Machinery | 333 | 74.6 77.5 81.2 78.5 76.1 74.2 74.9 75.9 73.8 72.1 Computer and electronic products | 334 | 75.8 73.7 74.6 73.4 70.7 70.2 71.4 73.2 73.3 73.2 Selected high-technology industries | | 77.3 71.5 71.4 69.9 67.2 67.5 70.1 73.3 73.8 73.7 Computers and peripheral equipment | 3341 | 78.6 74.1 74.6 64.9 60.6 64.0 65.2 69.9 72.1 66.9 Communications equipment | 3342 | 81.5 78.6 74.2 76.3 81.0 80.4 74.3 72.9 70.4 67.7 Semiconductors and related | | electronic components | 3344 | 76.0 69.3 70.1 69.1 64.3 63.9 69.7 74.3 75.7 77.9 Electrical equip., appliances, | | and components | 335 | 79.5 80.7 81.6 81.5 81.5 82.6 83.7 82.9 83.5 84.8 Motor vehicles and parts | 3361-3 | 61.1 66.9 70.1 69.4 71.4 73.5 75.5 77.9 79.8 80.9 Aerospace and miscellaneous | | transportation equipment | 3364-9 | 70.1 74.6 76.5 78.4 78.6 79.0 81.9 83.1 82.1 81.9 Furniture and related products | 337 | 66.1 67.2 71.3 71.9 73.8 72.6 73.5 75.9 75.5 77.9 Miscellaneous | 339 | 78.5 76.3 76.1 75.8 77.5 78.8 79.0 79.1 76.8 77.1 | | Nondurable manufacturing | | 76.0 76.4 75.6 75.3 75.5 75.2 75.3 75.6 75.4 75.3 Food, beverage, and tobacco products | 311,2 | 78.3 78.6 78.3 78.5 79.0 79.1 78.4 77.5 76.6 76.0 Textile and product mills | 313,4 | 66.8 65.9 66.6 67.2 70.0 72.3 71.5 72.5 71.7 71.7 Apparel and leather | 315,6 | 70.3 69.5 70.3 67.5 65.5 66.4 65.5 66.1 65.1 63.5 Paper | 322 | 80.6 81.8 83.0 83.5 83.6 82.5 83.6 84.4 83.6 82.2 Printing and support | 323 | 64.0 62.0 62.5 61.4 62.3 63.0 62.7 63.7 64.5 65.6 Petroleum and coal products | 324 | 84.1 85.5 82.6 83.0 84.8 83.9 82.6 81.7 81.7 80.4 Chemicals | 325 | 74.3 74.7 72.6 71.1 70.0 69.5 70.5 72.0 72.5 73.2 Plastics and rubber products | 326 | 71.8 72.8 75.9 77.9 78.5 77.9 79.7 81.0 80.3 80.0 | | Other manufacturing (non-NAICS) | 1133,5111 | 64.6 66.3 64.1 61.6 61.8 65.1 67.2 65.3 65.9 66.2 | | Mining | 21 | 86.4 87.8 87.2 88.2 87.5 87.6 91.6 90.9 82.6 79.0 Utilities | 2211,2 | 81.1 79.2 79.2 78.3 79.6 81.8 79.8 80.4 78.9 76.6 ------------------------------------------------------------------------------------------------------------------------------------------------------ <1> See footnote 2 to table 2. Table 9A Industrial Production: Manufacturing <1> Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <2> --------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) | | | 1986 | 1.1 -.5 -.3 .4 .2 -.3 .5 .3 .2 .4 .5 .8 | 4.6 .0 2.3 5.0 | 2.2 1987 | -.3 1.5 .1 .6 .7 .3 .8 .6 .6 1.5 .6 .6 | 5.9 7.0 7.6 11.5 | 5.7 | | | 1988 | -.2 .3 .3 .8 -.2 .2 .0 .0 .4 .5 .2 .5 | 2.8 4.4 .8 4.5 | 5.4 1989 | .8 -1.0 -.1 .3 -.9 .2 -1.1 .8 -.3 -.2 .2 .1 | 2.1 -2.8 -3.2 .4 | .8 1990 | -.2 1.5 .5 -.2 .1 .3 -.1 .3 .0 -.8 -1.1 -.7 | 4.3 3.1 1.1 -6.7 | .8 1991 | -.8 -.7 -.7 .3 .7 1.1 .3 .2 1.1 -.2 -.2 -.2 | -8.8 1.8 7.2 1.6 | -1.9 1992 | -.6 .9 1.0 .5 .6 .3 .9 -.4 .1 .6 .4 -.1 | .5 8.4 4.1 3.2 | 3.7 | | | 1993 | 1.0 .2 -.2 .5 -.1 -.2 .3 -.2 .7 .8 .4 .6 | 4.5 1.4 .8 6.9 | 3.5 1994 | .2 .1 1.3 .8 .7 .3 .4 .8 .5 1.0 .8 1.1 | 4.8 9.4 6.1 10.2 | 5.8 1995 | .2 -.2 .2 -.1 .1 .5 -.6 1.1 .9 .0 .1 .4 | 4.4 .8 3.0 4.5 | 5.1 1996 | -.8 1.6 -.2 1.1 .8 1.0 .2 .5 .8 -.2 .9 .9 | 2.0 10.0 7.5 5.8 | 4.9 1997 | .1 1.4 1.1 -.2 .8 .7 .7 1.3 .9 .9 1.1 .4 | 9.3 7.3 10.6 11.4 | 8.4 | | | 1998 | .8 .1 -.1 .5 .5 -.8 -.4 2.4 -.2 1.0 .2 .6 | 6.0 2.1 3.3 8.1 | 6.6 1999 | .3 .8 -.1 .4 .9 -.3 .4 .6 -.4 1.5 .6 .7 | 5.2 4.6 3.3 8.6 | 5.1 2000 | .1 .2 .6 .7 -.1 .2 .1 -.7 .4 -.3 -.3 -.6 | 4.4 4.9 -.4 -2.3 | 4.1 2001 | -.6 -.6 -.3 -.2 -.7 -.7 -.4 -.5 -.2 -.6 -.3 .3 | -6.0 -5.2 -5.9 -3.9 | -3.7 2002 | .5 .0 .8 .2 .5 1.1 -.4 .2 .1 -.4 .4 -.5 | 3.6 5.9 3.1 -.4 | .4 | | | 2003 | .5 .1 .1 -.8 .1 .5 .2 -.4 .8 .1 1.0 -.2 | 1.7 -1.9 2.2 4.6 | 1.3 2004 | -.1 .7 -.2 .4 .8 -.7 .9 .5 .0 1.0 -.1 .7 | 2.4 3.4 4.0 5.4 | 3.1 2005 | .8 .8 -.5 .3 .4 .2 -.4 .4 -1.0 1.5 .8 .1 | 6.4 2.3 -.8 6.3 | 4.0 2006 | .8 -.3 -.1 .6 -.5 .3 -.3 .6 .1 -.3 .1 1.5 | 3.8 .8 .8 1.8 | 2.5 2007 | -.5 .4 .8 .7 -.1 .3 .1 -.3 .4 -.4 .5 .1 | 4.2 5.8 .7 .4 | 2.7 | | | 2008 | -.4 -.6 -.3 -1.1 -.5 -.5 -1.2 -1.2 -3.4 -.6 -2.3 -3.4 | -2.9 -7.8 -13.5 -21.5 | -4.8 2009 | -3.0 -.2 -1.9 -.8 -1.1 -.4 1.4 1.1 .8 .2 .9 -.2 | -24.3 -11.5 7.4 6.9 | -13.8 2010 | 1.1 -.1 1.2 .9 1.5 .0 .6 .2 .1 .1 .0 .4 | 6.7 10.8 5.0 1.5 | 5.8 2011 | .2 .1 .5 -.6 .1 .1 .6 .3 .3 .6 -.4 .6 | 2.9 -.5 4.0 3.4 | 2.9 2012 | 1.0 .4 -.6 .7 -.4 .2 -.1 -.2 .0 -.3 .7 .7 | 5.3 .8 -.8 1.7 | 2.6 | | | 2013 | -.3 .5 -.3 -.3 .2 .2 -1.0 .9 .1 .1 -.1 .0 | 2.8 -.6 -.4 1.6 | .9 2014 | -1.1 1.1 .7 .1 .2 .4 .4 -.4 .1 .0 .9 -.2 | -.8 4.7 2.2 2.0 | 1.3 2015 | -.4 -.4 .2 .2 .0 -.2 .7 -.1 -.2 .2 -.3 .0 | -1.6 .6 1.7 -.6 | .8 2016 | .4 .1 | | | | | IP (2012=100) | | | 1986 | 56.0 55.7 55.6 55.8 55.9 55.7 55.9 56.1 56.2 56.4 56.7 57.2 | 55.8 55.8 56.1 56.8 | 56.1 1987 | 57.0 57.9 57.9 58.3 58.7 58.9 59.3 59.7 60.0 61.0 61.3 61.7 | 57.6 58.6 59.7 61.3 | 59.3 | | | 1988 | 61.6 61.7 61.9 62.4 62.3 62.4 62.4 62.5 62.7 63.0 63.2 63.5 | 61.7 62.4 62.5 63.2 | 62.5 1989 | 64.0 63.4 63.3 63.4 62.9 63.0 62.3 62.8 62.6 62.6 62.7 62.7 | 63.5 63.1 62.6 62.7 | 63.0 1990 | 62.6 63.5 63.8 63.7 63.8 64.0 63.9 64.1 64.0 63.5 62.8 62.3 | 63.3 63.8 64.0 62.9 | 63.5 1991 | 61.9 61.5 61.0 61.2 61.7 62.3 62.5 62.6 63.3 63.2 63.1 63.0 | 61.5 61.7 62.8 63.1 | 62.3 1992 | 62.6 63.1 63.8 64.1 64.5 64.7 65.3 65.0 65.0 65.4 65.7 65.6 | 63.2 64.4 65.1 65.6 | 64.6 | | | 1993 | 66.3 66.4 66.3 66.6 66.6 66.5 66.6 66.5 66.9 67.5 67.8 68.2 | 66.3 66.6 66.7 67.8 | 66.8 1994 | 68.3 68.3 69.2 69.8 70.3 70.4 70.7 71.3 71.6 72.3 72.9 73.7 | 68.6 70.2 71.2 73.0 | 70.7 1995 | 73.8 73.6 73.8 73.7 73.8 74.2 73.7 74.5 75.2 75.1 75.2 75.5 | 73.8 73.9 74.5 75.3 | 74.4 1996 | 74.9 76.1 76.0 76.8 77.4 78.2 78.4 78.8 79.5 79.3 80.0 80.7 | 75.7 77.5 78.9 80.0 | 78.0 1997 | 80.8 81.9 82.8 82.6 83.3 83.9 84.4 85.5 86.3 87.0 87.9 88.3 | 81.8 83.3 85.4 87.7 | 84.6 | | | 1998 | 89.0 89.1 89.0 89.4 89.9 89.2 88.8 91.0 90.8 91.7 91.9 92.4 | 89.0 89.5 90.2 92.0 | 90.2 1999 | 92.7 93.4 93.4 93.7 94.6 94.3 94.7 95.3 94.9 96.3 96.9 97.6 | 93.1 94.2 95.0 96.9 | 94.8 2000 | 97.7 97.8 98.5 99.2 99.1 99.3 99.4 98.7 99.1 98.8 98.6 98.0 | 98.0 99.2 99.1 98.5 | 98.7 2001 | 97.5 96.8 96.6 96.4 95.6 95.0 94.6 94.1 93.9 93.4 93.1 93.4 | 97.0 95.7 94.2 93.3 | 95.0 2002 | 93.9 93.9 94.6 94.8 95.3 96.3 96.0 96.2 96.3 96.0 96.4 95.9 | 94.1 95.5 96.2 96.1 | 95.5 | | | 2003 | 96.4 96.5 96.6 95.8 95.9 96.4 96.6 96.1 96.9 97.0 98.1 97.9 | 96.5 96.0 96.6 97.7 | 96.7 2004 | 97.8 98.5 98.4 98.8 99.6 98.9 99.7 100.2 100.2 101.2 101.1 101.8 | 98.2 99.1 100.0 101.4 | 99.7 2005 | 102.6 103.4 102.9 103.2 103.6 103.8 103.4 103.8 102.8 104.3 105.1 105.3 | 102.9 103.5 103.3 104.9 | 103.7 2006 | 106.1 105.8 105.8 106.3 105.8 106.2 105.9 106.5 106.6 106.2 106.3 107.9 | 105.9 106.1 106.3 106.8 | 106.3 2007 | 107.3 107.7 108.6 109.4 109.3 109.6 109.7 109.4 109.8 109.4 109.9 110.0 | 107.9 109.4 109.6 109.8 | 109.2 | | | 2008 | 109.5 108.9 108.5 107.3 106.8 106.2 105.0 103.8 100.2 99.6 97.3 93.9 | 109.0 106.8 103.0 97.0 | 103.9 2009 | 91.1 90.9 89.2 88.5 87.5 87.2 88.4 89.4 90.1 90.3 91.2 91.0 | 90.4 87.7 89.3 90.8 | 89.6 2010 | 92.0 91.9 93.0 93.8 95.2 95.1 95.7 95.9 96.0 96.1 96.1 96.4 | 92.3 94.7 95.8 96.2 | 94.8 2011 | 96.7 96.7 97.3 96.7 96.8 96.9 97.4 97.7 98.1 98.6 98.2 98.9 | 96.9 96.8 97.7 98.6 | 97.5 2012 | 99.8 100.2 99.6 100.2 99.8 100.0 100.0 99.8 99.8 99.5 100.3 101.0 | 99.8 100.0 99.8 100.3 | 100.0 | | | 2013 | 100.7 101.2 100.9 100.6 100.8 101.0 100.1 101.0 101.1 101.2 101.1 101.1 | 101.0 100.8 100.7 101.1 | 100.9 2014 | 100.0 101.0 101.7 101.8 102.0 102.4 102.8 102.4 102.6 102.6 103.5 103.3 | 100.9 102.1 102.6 103.1 | 102.2 2015 | 103.0 102.5 102.7 102.9 103.0 102.8 103.5 103.4 103.1 103.4 103.1 103.1 | 102.7 102.9 103.3 103.2 | 103.0 2016 | 103.5 103.6 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> See footnote 2 to table 2. <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes. Table 9B Capacity and Utilization: Manufacturing <1> Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual --------------------------------------------------------------------------------------------------------------------------------------------- | | | Capacity | | | (percent of | | | 2012 output) | | | 1986 | 71.2 71.2 71.3 71.3 71.4 71.5 71.5 71.6 71.7 71.8 72.0 72.1 | 71.2 71.4 71.6 72.0 | 71.6 1987 | 72.3 72.4 72.6 72.8 73.0 73.2 73.4 73.5 73.7 73.8 73.9 74.0 | 72.4 73.0 73.5 73.9 | 73.2 | | | 1988 | 74.1 74.2 74.2 74.2 74.3 74.3 74.3 74.4 74.4 74.5 74.5 74.6 | 74.2 74.3 74.4 74.5 | 74.3 1989 | 74.7 74.8 75.0 75.1 75.3 75.4 75.6 75.8 76.0 76.2 76.4 76.6 | 74.8 75.3 75.8 76.4 | 75.6 1990 | 76.8 77.0 77.2 77.4 77.6 77.7 77.9 78.1 78.2 78.3 78.5 78.6 | 77.0 77.6 78.1 78.5 | 77.8 1991 | 78.7 78.8 78.9 79.0 79.1 79.2 79.3 79.4 79.5 79.6 79.8 79.9 | 78.8 79.1 79.4 79.8 | 79.3 1992 | 80.1 80.3 80.5 80.7 80.9 81.1 81.3 81.5 81.7 81.9 82.0 82.2 | 80.3 80.9 81.5 82.0 | 81.2 | | | 1993 | 82.4 82.5 82.7 82.8 82.9 83.0 83.1 83.3 83.4 83.6 83.7 83.9 | 82.5 82.9 83.3 83.7 | 83.1 1994 | 84.1 84.3 84.5 84.7 85.0 85.3 85.6 85.8 86.1 86.5 86.8 87.1 | 84.3 85.0 85.8 86.8 | 85.5 1995 | 87.4 87.8 88.1 88.4 88.8 89.2 89.6 90.0 90.4 90.8 91.3 91.7 | 87.8 88.8 90.0 91.3 | 89.4 1996 | 92.2 92.7 93.2 93.7 94.2 94.7 95.3 95.8 96.3 96.8 97.4 97.9 | 92.7 94.2 95.8 97.4 | 95.0 1997 | 98.5 99.0 99.6 100.2 100.8 101.4 102.1 102.8 103.5 104.2 105.0 105.8 | 99.0 100.8 102.8 105.0 | 101.9 | | | 1998 | 106.6 107.4 108.2 109.0 109.7 110.5 111.2 111.9 112.6 113.2 113.8 114.4 | 107.4 109.7 111.9 113.8 | 110.7 1999 | 115.0 115.6 116.1 116.7 117.2 117.7 118.2 118.7 119.2 119.7 120.2 120.7 | 115.6 117.2 118.7 120.2 | 117.9 2000 | 121.2 121.7 122.2 122.7 123.2 123.7 124.2 124.7 125.2 125.6 126.1 126.6 | 121.7 123.2 124.7 126.1 | 123.9 2001 | 127.0 127.4 127.9 128.2 128.6 128.9 129.2 129.5 129.7 129.9 130.1 130.3 | 127.4 128.6 129.5 130.1 | 128.9 2002 | 130.4 130.5 130.6 130.6 130.7 130.7 130.7 130.7 130.8 130.8 130.8 130.8 | 130.5 130.7 130.7 130.8 | 130.7 | | | 2003 | 130.8 130.8 130.8 130.7 130.7 130.7 130.7 130.7 130.7 130.6 130.6 130.6 | 130.8 130.7 130.7 130.6 | 130.7 2004 | 130.5 130.5 130.4 130.4 130.3 130.3 130.3 130.3 130.4 130.5 130.6 130.7 | 130.5 130.3 130.3 130.6 | 130.4 2005 | 130.9 131.1 131.3 131.6 131.9 132.1 132.4 132.7 133.0 133.3 133.5 133.7 | 131.1 131.9 132.7 133.5 | 132.3 2006 | 134.0 134.2 134.4 134.6 134.8 135.0 135.2 135.4 135.7 135.9 136.2 136.5 | 134.2 134.8 135.4 136.2 | 135.1 2007 | 136.8 137.1 137.5 137.8 138.2 138.5 138.8 139.1 139.3 139.5 139.7 139.8 | 137.1 138.2 139.1 139.6 | 138.5 | | | 2008 | 139.8 139.8 139.7 139.6 139.5 139.3 139.2 139.0 138.8 138.6 138.3 138.1 | 139.8 139.5 139.0 138.3 | 139.1 2009 | 137.9 137.7 137.4 137.2 137.0 136.7 136.5 136.3 136.1 135.8 135.6 135.4 | 137.7 137.0 136.3 135.6 | 136.6 2010 | 135.2 134.9 134.7 134.4 134.2 134.0 133.7 133.5 133.2 133.0 132.8 132.6 | 134.9 134.2 133.5 132.8 | 133.9 2011 | 132.5 132.3 132.2 132.1 132.1 132.1 132.1 132.1 132.2 132.3 132.5 132.7 | 132.3 132.1 132.1 132.5 | 132.3 2012 | 132.9 133.1 133.3 133.5 133.7 134.0 134.2 134.4 134.6 134.8 135.0 135.1 | 133.1 133.7 134.4 134.9 | 134.0 | | | 2013 | 135.2 135.3 135.4 135.5 135.5 135.6 135.6 135.6 135.5 135.5 135.5 135.5 | 135.3 135.5 135.6 135.5 | 135.5 2014 | 135.5 135.4 135.4 135.4 135.4 135.5 135.5 135.5 135.6 135.7 135.7 135.8 | 135.4 135.4 135.5 135.7 | 135.5 2015 | 135.9 136.0 136.1 136.2 136.3 136.4 136.5 136.6 136.7 136.8 136.9 137.0 | 136.0 136.3 136.6 136.9 | 136.4 2016 | 137.0 137.1 | | | | | Utilization | | | (percent) | | | 1986 | 78.7 78.2 77.9 78.2 78.2 77.9 78.2 78.4 78.4 78.6 78.8 79.3 | 78.3 78.1 78.3 78.9 | 78.4 1987 | 78.9 79.9 79.8 80.0 80.4 80.4 80.9 81.2 81.5 82.6 82.9 83.3 | 79.5 80.3 81.2 83.0 | 81.0 | | | 1988 | 83.1 83.2 83.4 84.1 83.9 84.0 84.0 84.0 84.3 84.6 84.8 85.0 | 83.3 84.0 84.1 84.8 | 84.0 1989 | 85.6 84.7 84.4 84.5 83.5 83.5 82.4 82.9 82.4 82.1 82.0 81.9 | 84.9 83.8 82.5 82.0 | 83.3 1990 | 81.5 82.5 82.7 82.3 82.2 82.3 82.0 82.1 81.9 81.1 80.0 79.3 | 82.2 82.3 82.0 80.1 | 81.6 1991 | 78.6 78.0 77.3 77.5 78.0 78.7 78.8 78.9 79.6 79.4 79.1 78.8 | 78.0 78.1 79.1 79.1 | 78.6 1992 | 78.1 78.6 79.3 79.5 79.8 79.8 80.3 79.8 79.6 79.9 80.1 79.8 | 78.7 79.7 79.9 80.0 | 79.6 | | | 1993 | 80.5 80.5 80.2 80.5 80.3 80.1 80.2 79.9 80.2 80.8 81.0 81.2 | 80.4 80.3 80.1 81.0 | 80.4 1994 | 81.2 81.1 81.9 82.4 82.7 82.6 82.7 83.0 83.1 83.7 84.0 84.6 | 81.4 82.5 83.0 84.1 | 82.7 1995 | 84.4 83.9 83.8 83.4 83.1 83.2 82.3 82.8 83.2 82.7 82.4 82.3 | 84.0 83.2 82.8 82.5 | 83.1 1996 | 81.3 82.1 81.5 82.0 82.2 82.6 82.3 82.3 82.5 81.9 82.2 82.4 | 81.6 82.2 82.4 82.2 | 82.1 1997 | 82.0 82.7 83.1 82.5 82.6 82.7 82.7 83.2 83.4 83.5 83.8 83.5 | 82.6 82.6 83.1 83.6 | 83.0 | | | 1998 | 83.5 83.0 82.3 82.1 81.9 80.7 79.9 81.3 80.7 81.0 80.7 80.7 | 82.9 81.6 80.6 80.8 | 81.5 1999 | 80.6 80.8 80.4 80.3 80.7 80.1 80.1 80.3 79.6 80.5 80.6 80.8 | 80.6 80.4 80.0 80.6 | 80.4 2000 | 80.6 80.4 80.6 80.8 80.4 80.2 80.0 79.2 79.2 78.7 78.2 77.5 | 80.5 80.5 79.5 78.1 | 79.6 2001 | 76.7 76.0 75.5 75.1 74.4 73.7 73.2 72.7 72.4 71.9 71.6 71.7 | 76.1 74.4 72.8 71.7 | 73.7 2002 | 72.0 71.9 72.4 72.5 72.9 73.7 73.4 73.6 73.7 73.4 73.7 73.3 | 72.1 73.0 73.6 73.5 | 73.1 | | | 2003 | 73.7 73.8 73.9 73.3 73.4 73.7 73.9 73.6 74.2 74.3 75.1 75.0 | 73.8 73.5 73.9 74.8 | 74.0 2004 | 74.9 75.5 75.4 75.8 76.4 75.9 76.5 76.9 76.8 77.6 77.4 77.9 | 75.3 76.0 76.8 77.6 | 76.4 2005 | 78.4 78.9 78.3 78.4 78.6 78.5 78.1 78.2 77.3 78.3 78.7 78.7 | 78.5 78.5 77.9 78.6 | 78.4 2006 | 79.2 78.9 78.7 79.0 78.5 78.7 78.3 78.7 78.6 78.2 78.0 79.0 | 78.9 78.7 78.5 78.4 | 78.6 2007 | 78.4 78.6 79.0 79.4 79.1 79.2 79.0 78.6 78.8 78.4 78.7 78.7 | 78.7 79.2 78.8 78.6 | 78.8 | | | 2008 | 78.4 77.9 77.6 76.9 76.6 76.2 75.4 74.7 72.2 71.9 70.3 68.0 | 78.0 76.6 74.1 70.1 | 74.7 2009 | 66.1 66.1 64.9 64.5 63.9 63.8 64.7 65.6 66.2 66.5 67.2 67.2 | 65.7 64.0 65.5 67.0 | 65.6 2010 | 68.0 68.1 69.0 69.8 70.9 71.0 71.6 71.8 72.0 72.2 72.3 72.7 | 68.4 70.6 71.8 72.4 | 70.8 2011 | 73.0 73.1 73.6 73.2 73.3 73.4 73.8 74.0 74.2 74.5 74.1 74.5 | 73.2 73.3 74.0 74.4 | 73.7 2012 | 75.1 75.3 74.7 75.1 74.7 74.7 74.5 74.2 74.1 73.8 74.3 74.8 | 75.0 74.8 74.3 74.3 | 74.6 | | | 2013 | 74.5 74.8 74.5 74.2 74.4 74.5 73.8 74.5 74.6 74.7 74.6 74.6 | 74.6 74.4 74.3 74.6 | 74.5 2014 | 73.8 74.6 75.1 75.1 75.3 75.6 75.9 75.6 75.7 75.6 76.3 76.1 | 74.5 75.4 75.7 76.0 | 75.4 2015 | 75.8 75.4 75.5 75.6 75.5 75.3 75.8 75.7 75.5 75.6 75.3 75.3 | 75.5 75.5 75.6 75.4 | 75.5 2016 | 75.5 75.6 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> See footnote 2 to table 2. Table 10A Industrial Production: Total Industry Excluding Selected High-Technology Industries <1> Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <2> --------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) | | | 1986 | .5 -.7 -.8 .1 .2 -.2 .3 -.2 .2 .4 .4 .8 | 2.3 -2.4 .5 4.0 | .9 1987 | -.5 1.2 .2 .5 .5 .4 .6 .7 .2 1.4 .5 .4 | 4.4 6.3 6.3 9.1 | 4.3 | | | 1988 | .0 .4 .2 .5 -.2 .2 .0 .4 -.3 .5 .2 .5 | 3.4 2.8 .9 2.6 | 4.5 1989 | .3 -.4 .3 .0 -.7 .0 -1.0 .9 -.4 -.2 .3 .6 | 2.0 -1.6 -3.3 .9 | .6 1990 | -.8 1.0 .5 -.2 .1 .3 -.1 .3 .1 -.8 -1.2 -.7 | 2.0 2.6 1.3 -6.7 | .4 1991 | -.4 -.8 -.6 .2 .9 .9 .1 .0 .9 -.2 -.2 -.6 | -8.0 1.9 5.4 .4 | -2.0 1992 | -.7 .7 .8 .6 .2 -.1 .8 -.6 .1 .6 .3 .1 | -1.9 6.2 2.0 2.9 | 1.9 | | | 1993 | .4 .4 -.2 .2 -.4 .2 .3 -.2 .4 .7 .3 .5 | 3.1 .2 1.2 5.3 | 2.5 1994 | .3 .0 .9 .3 .4 .6 .0 .4 .1 .6 .4 .9 | 4.3 5.4 3.2 5.8 | 4.0 1995 | .1 -.2 -.1 -.2 .1 .2 -.5 1.0 .1 -.4 .1 .1 | 2.8 -1.2 1.3 .4 | 2.4 1996 | -1.0 1.3 -.3 .8 .6 .6 -.5 .3 .5 -.4 .7 .5 | -.5 6.6 2.0 2.9 | 1.7 1997 | -.1 .9 .4 -.2 .3 .2 .5 .8 .6 .7 .7 .1 | 5.1 2.5 6.4 7.6 | 4.2 | | | 1998 | .3 .0 .0 .1 .6 -1.0 -.7 1.9 -.5 .5 -.3 .1 | 2.2 .7 -.4 2.5 | 3.1 1999 | .1 .2 -.1 -.1 .6 -.5 .3 .4 -.5 1.2 .2 .6 | .6 .3 .9 5.6 | 1.1 2000 | -.3 .0 .1 .5 -.1 -.1 -.5 -.5 .3 -.4 -.2 -.5 | .6 1.7 -3.2 -2.6 | 1.0 2001 | -.7 -.6 -.3 -.1 -.6 -.5 -.4 -.1 -.4 -.5 -.5 -.1 | -5.9 -4.2 -4.5 -4.4 | -3.9 2002 | .6 -.1 .8 .4 .4 .9 -.3 -.1 .1 -.4 .5 -.5 | 2.5 6.1 1.9 -.7 | .2 | | | 2003 | .5 .1 -.3 -.9 -.1 .0 .2 -.3 .5 .0 .8 -.1 | 1.2 -4.4 .6 2.8 | .2 2004 | .1 .6 -.5 .4 .8 -.9 .8 .0 .0 .9 .2 .7 | 1.8 2.2 2.0 5.2 | 1.8 2005 | .3 .6 -.2 .1 .1 .4 -.4 .1 -2.1 1.2 1.0 .5 | 4.7 1.3 -3.1 2.6 | 2.5 2006 | .1 .0 .1 .4 -.2 .3 -.1 .2 -.3 -.1 -.1 1.1 | 3.3 1.8 .5 .3 | 1.4 2007 | -.6 1.0 .0 .6 .1 .1 -.1 .1 .2 -.6 .4 -.1 | 3.0 4.0 .9 -1.0 | 1.8 | | | 2008 | -.4 -.5 -.4 -.8 -.6 -.2 -.5 -1.5 -4.4 1.2 -1.0 -2.8 | -2.9 -6.5 -12.4 -14.9 | -4.3 2009 | -2.4 -.7 -1.7 -1.0 -1.1 -.4 1.0 1.1 .7 .2 .4 .3 | -20.3 -12.1 5.7 5.9 | -11.5 2010 | 1.0 .2 .6 .4 1.6 .2 .4 .3 .3 -.3 .0 .7 | 6.8 8.0 5.7 1.0 | 4.9 2011 | -.1 -.5 .9 -.4 .2 .2 .5 .4 .0 .7 -.2 .4 | 1.5 .8 4.0 3.5 | 2.6 2012 | .7 .2 -.8 .9 .1 .0 .3 -.5 .1 .2 .6 .3 | 3.3 2.1 .2 2.2 | 2.6 | | | 2013 | -.1 .5 .1 -.1 .0 .2 -.6 .7 .5 -.1 .3 .2 | 2.7 .9 .5 3.0 | 1.7 2014 | -.5 .8 .8 .1 .4 .4 .1 .0 .4 .1 1.0 -.1 | 2.0 5.3 2.4 3.7 | 2.7 2015 | -.5 -.1 -.3 -.2 -.2 -.2 .6 .1 -.3 -.1 -.7 -.5 | -1.9 -2.8 1.6 -3.5 | .3 2016 | .6 -.5 | | | | | IP (2012=100) | | | 1986 | 77.5 77.0 76.4 76.4 76.6 76.4 76.6 76.5 76.6 76.9 77.2 77.8 | 76.9 76.5 76.6 77.3 | 76.8 1987 | 77.5 78.4 78.6 79.0 79.4 79.7 80.2 80.7 80.9 82.0 82.4 82.7 | 78.2 79.4 80.6 82.4 | 80.1 | | | 1988 | 82.8 83.1 83.3 83.7 83.5 83.7 83.7 84.0 83.7 84.1 84.3 84.7 | 83.0 83.6 83.8 84.3 | 83.7 1989 | 85.0 84.6 84.8 84.8 84.2 84.2 83.3 84.1 83.7 83.6 83.8 84.3 | 84.8 84.4 83.7 83.9 | 84.2 1990 | 83.6 84.5 84.9 84.7 84.8 85.1 85.0 85.2 85.3 84.6 83.5 82.9 | 84.3 84.9 85.2 83.7 | 84.5 1991 | 82.6 81.9 81.4 81.6 82.4 83.1 83.2 83.2 84.0 83.8 83.6 83.1 | 82.0 82.3 83.4 83.5 | 82.8 1992 | 82.5 83.1 83.8 84.3 84.5 84.4 85.1 84.6 84.7 85.2 85.5 85.5 | 83.1 84.4 84.8 85.4 | 84.4 | | | 1993 | 85.9 86.2 86.1 86.3 85.9 86.1 86.4 86.2 86.6 87.2 87.5 87.9 | 86.1 86.1 86.4 87.5 | 86.5 1994 | 88.2 88.2 88.9 89.2 89.5 90.0 90.0 90.4 90.5 91.0 91.4 92.2 | 88.4 89.6 90.3 91.6 | 90.0 1995 | 92.4 92.2 92.0 91.8 91.9 92.0 91.6 92.5 92.6 92.2 92.3 92.4 | 92.2 91.9 92.2 92.3 | 92.2 1996 | 91.5 92.7 92.4 93.1 93.7 94.2 93.8 94.1 94.5 94.2 94.9 95.4 | 92.2 93.7 94.1 94.8 | 93.7 1997 | 95.3 96.2 96.6 96.3 96.6 96.8 97.4 98.2 98.8 99.5 100.1 100.2 | 96.0 96.6 98.1 99.9 | 97.7 | | | 1998 | 100.5 100.5 100.4 100.6 101.2 100.2 99.5 101.4 100.8 101.4 101.0 101.1 | 100.5 100.6 100.5 101.2 | 100.7 1999 | 101.2 101.4 101.3 101.2 101.7 101.3 101.5 101.9 101.4 102.7 102.9 103.5 | 101.3 101.4 101.6 103.0 | 101.8 2000 | 103.1 103.1 103.2 103.7 103.6 103.5 103.0 102.5 102.8 102.4 102.2 101.7 | 103.2 103.6 102.7 102.1 | 102.9 2001 | 101.0 100.4 100.2 100.1 99.5 98.9 98.6 98.4 98.1 97.6 97.1 97.1 | 100.5 99.5 98.3 97.2 | 98.9 2002 | 97.7 97.6 98.3 98.7 99.2 100.1 99.8 99.7 99.8 99.5 100.0 99.4 | 97.9 99.3 99.8 99.6 | 99.2 | | | 2003 | 99.9 100.1 99.7 98.9 98.7 98.7 98.9 98.7 99.2 99.2 99.9 99.8 | 99.9 98.8 98.9 99.6 | 99.3 2004 | 99.9 100.4 99.9 100.4 101.2 100.3 101.1 101.1 101.1 102.1 102.2 102.9 | 100.1 100.6 101.1 102.4 | 101.1 2005 | 103.3 103.9 103.7 103.7 103.8 104.3 103.8 103.9 101.7 102.9 104.0 104.5 | 103.6 103.9 103.1 103.8 | 103.6 2006 | 104.6 104.6 104.7 105.2 104.9 105.3 105.2 105.4 105.1 105.1 104.9 106.0 | 104.6 105.1 105.2 105.3 | 105.1 2007 | 105.4 106.5 106.4 107.0 107.1 107.3 107.2 107.4 107.6 106.9 107.3 107.2 | 106.1 107.1 107.4 107.1 | 106.9 | | | 2008 | 106.8 106.3 105.9 105.0 104.4 104.2 103.7 102.1 97.6 98.8 97.7 95.0 | 106.3 104.6 101.2 97.2 | 102.3 2009 | 92.7 92.1 90.6 89.7 88.7 88.3 89.2 90.2 90.9 91.1 91.5 91.7 | 91.8 88.9 90.1 91.4 | 90.6 2010 | 92.7 92.8 93.4 93.7 95.2 95.4 95.8 96.1 96.3 96.1 96.1 96.8 | 92.9 94.7 96.1 96.3 | 95.0 2011 | 96.6 96.2 97.1 96.7 96.8 97.1 97.5 98.0 97.9 98.6 98.5 98.8 | 96.7 96.9 97.8 98.6 | 97.5 2012 | 99.6 99.8 99.0 99.9 100.0 100.0 100.3 99.8 99.9 100.1 100.7 100.9 | 99.5 100.0 100.0 100.6 | 100.0 | | | 2013 | 100.8 101.4 101.5 101.4 101.4 101.6 100.9 101.7 102.2 102.1 102.4 102.6 | 101.2 101.5 101.6 102.3 | 101.7 2014 | 102.1 102.9 103.6 103.8 104.2 104.6 104.7 104.7 105.0 105.1 106.2 106.0 | 102.9 104.2 104.8 105.8 | 104.4 2015 | 105.5 105.3 105.0 104.7 104.5 104.3 105.0 105.1 104.8 104.6 103.9 103.5 | 105.3 104.5 104.9 104.0 | 104.7 2016 | 104.1 103.5 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> High technology industries include computers, communications equipment, and semiconductors and related electronic components. <2> Annual averages of industrial production are calculated from not seasonally adjusted indexes. Table 10B Capacity and Utilization: Total Industry Excluding Selected High-Technology Industries <1> Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual --------------------------------------------------------------------------------------------------------------------------------------------- | | | Capacity | | | (percent of | | | 2012 output) | | | 1986 | 96.9 97.0 97.1 97.1 97.2 97.3 97.4 97.4 97.5 97.6 97.7 97.8 | 97.0 97.2 97.4 97.7 | 97.3 1987 | 97.9 98.0 98.1 98.2 98.3 98.4 98.5 98.6 98.7 98.7 98.8 98.8 | 98.0 98.3 98.6 98.8 | 98.4 | | | 1988 | 98.9 98.9 98.9 98.9 98.9 98.9 98.9 98.9 99.0 99.0 99.1 99.1 | 98.9 98.9 98.9 99.1 | 98.9 1989 | 99.2 99.4 99.5 99.6 99.8 100.0 100.1 100.3 100.5 100.7 100.9 101.0 | 99.4 99.8 100.3 100.9 | 100.1 1990 | 101.2 101.4 101.6 101.7 101.9 102.0 102.2 102.3 102.4 102.5 102.7 102.8 | 101.4 101.9 102.3 102.7 | 102.1 1991 | 102.9 103.0 103.1 103.2 103.4 103.5 103.6 103.7 103.8 103.9 104.0 104.1 | 103.0 103.4 103.7 104.0 | 103.5 1992 | 104.2 104.3 104.4 104.6 104.7 104.8 104.9 105.0 105.1 105.2 105.3 105.5 | 104.3 104.7 105.0 105.3 | 104.8 | | | 1993 | 105.6 105.7 105.8 105.9 106.0 106.1 106.2 106.3 106.4 106.5 106.6 106.7 | 105.7 106.0 106.3 106.6 | 106.1 1994 | 106.8 107.0 107.1 107.2 107.4 107.5 107.7 107.9 108.1 108.2 108.4 108.6 | 107.0 107.4 107.9 108.4 | 107.7 1995 | 108.8 109.0 109.2 109.4 109.7 109.9 110.1 110.3 110.5 110.6 110.8 111.0 | 109.0 109.7 110.3 110.8 | 109.9 1996 | 111.2 111.4 111.6 111.8 112.0 112.2 112.4 112.7 112.9 113.2 113.4 113.7 | 111.4 112.0 112.7 113.4 | 112.4 1997 | 114.0 114.4 114.7 115.1 115.5 115.9 116.3 116.7 117.1 117.6 118.0 118.5 | 114.4 115.5 116.7 118.0 | 116.1 | | | 1998 | 118.9 119.4 119.8 120.3 120.7 121.1 121.5 122.0 122.3 122.7 123.1 123.4 | 119.4 120.7 121.9 123.1 | 121.3 1999 | 123.7 124.0 124.3 124.6 124.9 125.1 125.4 125.6 125.8 126.0 126.2 126.4 | 124.0 124.9 125.6 126.2 | 125.2 2000 | 126.6 126.7 126.9 127.0 127.2 127.3 127.4 127.6 127.7 127.8 128.0 128.1 | 126.7 127.2 127.6 128.0 | 127.4 2001 | 128.2 128.4 128.5 128.6 128.8 128.9 129.1 129.2 129.4 129.5 129.6 129.8 | 128.4 128.8 129.2 129.6 | 129.0 2002 | 129.9 130.0 130.0 130.1 130.2 130.2 130.2 130.2 130.1 130.1 130.0 129.9 | 130.0 130.2 130.2 130.0 | 130.1 | | | 2003 | 129.8 129.7 129.6 129.5 129.4 129.3 129.3 129.2 129.1 129.1 129.0 129.0 | 129.7 129.4 129.2 129.0 | 129.3 2004 | 128.9 128.9 128.8 128.8 128.7 128.6 128.6 128.6 128.5 128.5 128.5 128.5 | 128.9 128.7 128.6 128.5 | 128.6 2005 | 128.5 128.5 128.5 128.6 128.7 128.8 128.9 129.0 129.1 129.3 129.4 129.6 | 128.5 128.7 129.0 129.4 | 128.9 2006 | 129.7 129.9 130.1 130.3 130.5 130.6 130.8 131.0 131.2 131.4 131.6 131.8 | 129.9 130.5 131.0 131.6 | 130.8 2007 | 131.9 132.1 132.2 132.3 132.4 132.4 132.5 132.4 132.4 132.3 132.2 132.1 | 132.1 132.4 132.4 132.2 | 132.3 | | | 2008 | 132.0 131.9 131.8 131.7 131.7 131.7 131.8 131.9 132.0 132.2 132.3 132.5 | 131.9 131.7 131.9 132.3 | 132.0 2009 | 132.7 132.8 132.9 132.9 132.9 132.9 132.8 132.6 132.4 132.2 131.9 131.6 | 132.8 132.9 132.6 131.9 | 132.6 2010 | 131.3 131.0 130.6 130.3 130.0 129.6 129.4 129.1 128.8 128.6 128.4 128.3 | 130.9 130.0 129.1 128.4 | 129.6 2011 | 128.1 128.0 127.9 127.8 127.8 127.8 127.9 128.0 128.1 128.2 128.4 128.6 | 128.0 127.8 128.0 128.4 | 128.0 2012 | 128.8 129.0 129.2 129.5 129.7 130.0 130.2 130.4 130.6 130.8 131.0 131.1 | 129.0 129.7 130.4 131.0 | 130.0 | | | 2013 | 131.2 131.4 131.5 131.5 131.6 131.6 131.7 131.7 131.7 131.8 131.8 131.9 | 131.4 131.6 131.7 131.8 | 131.6 2014 | 132.0 132.1 132.2 132.3 132.5 132.7 133.0 133.3 133.6 133.9 134.3 134.6 | 132.1 132.5 133.3 134.3 | 133.0 2015 | 135.0 135.3 135.7 136.0 136.2 136.5 136.7 136.8 137.0 137.1 137.1 137.2 | 135.3 136.2 136.8 137.1 | 136.4 2016 | 137.2 137.2 | | | | | Utilization | | | (percent) | | | 1986 | 80.0 79.4 78.7 78.7 78.8 78.5 78.7 78.5 78.5 78.8 79.1 79.6 | 79.3 78.7 78.6 79.1 | 78.9 1987 | 79.1 80.0 80.1 80.4 80.8 81.0 81.4 81.9 81.9 83.0 83.4 83.7 | 79.8 80.7 81.7 83.4 | 81.4 | | | 1988 | 83.7 84.1 84.2 84.6 84.4 84.6 84.6 84.9 84.6 85.0 85.1 85.4 | 84.0 84.5 84.7 85.1 | 84.6 1989 | 85.6 85.1 85.2 85.1 84.4 84.3 83.2 83.8 83.3 83.0 83.1 83.4 | 85.3 84.6 83.4 83.2 | 84.1 1990 | 82.6 83.3 83.6 83.3 83.3 83.4 83.2 83.3 83.3 82.5 81.4 80.7 | 83.2 83.3 83.2 81.5 | 82.8 1991 | 80.2 79.5 78.9 79.0 79.7 80.3 80.3 80.2 80.9 80.7 80.4 79.9 | 79.6 79.7 80.5 80.3 | 80.0 1992 | 79.2 79.6 80.2 80.6 80.7 80.5 81.1 80.6 80.6 81.0 81.1 81.1 | 79.7 80.6 80.7 81.1 | 80.5 | | | 1993 | 81.4 81.6 81.4 81.5 81.1 81.2 81.3 81.1 81.4 81.9 82.1 82.4 | 81.5 81.3 81.3 82.1 | 81.5 1994 | 82.5 82.4 83.0 83.2 83.4 83.7 83.6 83.8 83.7 84.1 84.3 84.9 | 82.7 83.4 83.7 84.4 | 83.6 1995 | 84.9 84.5 84.3 83.9 83.8 83.8 83.2 83.9 83.8 83.4 83.3 83.2 | 84.5 83.8 83.6 83.3 | 83.8 1996 | 82.2 83.2 82.8 83.3 83.6 84.0 83.4 83.5 83.7 83.2 83.7 83.8 | 82.7 83.6 83.6 83.6 | 83.4 1997 | 83.6 84.1 84.2 83.7 83.7 83.6 83.8 84.1 84.3 84.6 84.8 84.6 | 83.9 83.7 84.1 84.7 | 84.1 | | | 1998 | 84.5 84.2 83.8 83.6 83.8 82.7 81.8 83.1 82.4 82.6 82.1 81.9 | 84.2 83.4 82.5 82.2 | 83.0 1999 | 81.8 81.8 81.5 81.2 81.5 80.9 81.0 81.1 80.6 81.5 81.5 81.9 | 81.7 81.2 80.9 81.6 | 81.3 2000 | 81.5 81.4 81.4 81.7 81.5 81.3 80.8 80.3 80.5 80.1 79.9 79.4 | 81.4 81.5 80.5 79.8 | 80.8 2001 | 78.8 78.3 78.0 77.8 77.2 76.7 76.4 76.2 75.8 75.3 74.9 74.8 | 78.3 77.2 76.1 75.0 | 76.7 2002 | 75.2 75.1 75.6 75.9 76.2 76.9 76.7 76.6 76.7 76.5 76.9 76.5 | 75.3 76.3 76.7 76.6 | 76.2 | | | 2003 | 77.0 77.1 77.0 76.3 76.3 76.3 76.5 76.4 76.8 76.8 77.4 77.4 | 77.0 76.3 76.6 77.2 | 76.8 2004 | 77.5 77.9 77.6 77.9 78.6 78.0 78.6 78.7 78.7 79.4 79.6 80.1 | 77.7 78.2 78.7 79.7 | 78.6 2005 | 80.4 80.8 80.6 80.7 80.7 81.0 80.6 80.5 78.7 79.6 80.3 80.7 | 80.6 80.8 79.9 80.2 | 80.4 2006 | 80.6 80.5 80.5 80.7 80.4 80.6 80.4 80.5 80.1 79.9 79.7 80.4 | 80.5 80.6 80.3 80.0 | 80.4 2007 | 79.9 80.6 80.5 80.9 80.9 81.0 80.9 81.1 81.3 80.8 81.2 81.1 | 80.3 80.9 81.1 81.0 | 80.8 | | | 2008 | 80.9 80.6 80.4 79.7 79.3 79.1 78.7 77.4 73.9 74.7 73.9 71.7 | 80.6 79.4 76.7 73.4 | 77.5 2009 | 69.9 69.4 68.2 67.5 66.7 66.4 67.2 68.0 68.6 68.9 69.3 69.7 | 69.1 66.9 68.0 69.3 | 68.3 2010 | 70.6 70.9 71.5 71.9 73.2 73.6 74.0 74.4 74.8 74.7 74.8 75.5 | 71.0 72.9 74.4 75.0 | 73.3 2011 | 75.4 75.2 75.9 75.6 75.8 75.9 76.3 76.6 76.5 76.9 76.7 76.9 | 75.5 75.8 76.4 76.8 | 76.1 2012 | 77.3 77.4 76.6 77.1 77.1 77.0 77.0 76.6 76.5 76.5 76.9 77.0 | 77.1 77.1 76.7 76.8 | 76.9 | | | 2013 | 76.8 77.2 77.2 77.1 77.0 77.2 76.7 77.2 77.5 77.4 77.7 77.8 | 77.1 77.1 77.1 77.6 | 77.2 2014 | 77.3 77.9 78.4 78.4 78.6 78.8 78.7 78.5 78.6 78.5 79.0 78.7 | 77.9 78.6 78.6 78.7 | 78.5 2015 | 78.1 77.8 77.4 77.0 76.7 76.4 76.8 76.8 76.5 76.3 75.8 75.4 | 77.8 76.7 76.7 75.9 | 76.8 2016 | 75.9 75.5 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> High technology industries include computers, communications equipment, and semiconductors and related electronic components. Table 11A Industrial Production: Manufacturing <1> Excluding Selected High-Technology Industries <2> Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4|Annual <3> --------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) | | | 1986 | 1.2 -.6 -.4 .4 .2 -.2 .1 .3 .2 .3 .4 .8 | 4.7 -.1 1.1 4.3 | 2.2 1987 | -.5 1.4 .1 .4 .6 .2 .6 .5 .4 1.5 .5 .5 | 4.6 5.9 5.9 10.4 | 4.6 | | | 1988 | -.2 .2 .2 .8 -.3 .1 -.1 .0 .4 .5 .3 .5 | 2.2 3.4 .0 4.3 | 4.5 1989 | .9 -1.0 -.1 .2 -.9 .2 -1.3 .8 -.3 -.3 .2 .0 | 2.4 -3.1 -4.3 -.6 | .4 1990 | -.4 1.5 .4 -.3 .1 .2 -.2 .3 -.1 -.9 -1.2 -.8 | 3.5 2.5 .6 -7.5 | .0 1991 | -.8 -.8 -.8 .4 .6 1.1 .3 .1 1.1 -.2 -.3 -.4 | -9.7 1.2 7.1 1.1 | -2.6 1992 | -.8 .8 1.0 .4 .5 .1 .8 -.5 -.1 .5 .3 -.2 | -1.2 7.1 2.8 1.5 | 2.6 | | | 1993 | 1.0 .1 -.3 .5 -.1 -.2 .3 -.3 .6 .8 .3 .5 | 4.0 .6 .3 5.9 | 2.6 1994 | .1 .1 1.1 .6 .5 .1 .2 .5 .2 .7 .6 .9 | 3.9 7.1 3.7 7.1 | 4.4 1995 | .1 -.4 -.1 -.4 -.1 .3 -.8 .8 .6 -.4 -.1 .0 | 2.7 -2.2 .2 .8 | 2.5 1996 | -1.2 1.3 -.5 1.0 .6 .8 -.1 .2 .6 -.5 .7 .7 | -2.0 7.4 4.0 2.7 | 1.5 1997 | -.2 1.1 .8 -.5 .4 .4 .4 1.0 .6 .7 .8 .1 | 6.2 3.0 6.9 8.2 | 4.9 | | | 1998 | .6 .0 -.3 .2 .4 -1.2 -.8 2.3 -.6 .7 -.1 .2 | 3.4 -.3 -.6 4.2 | 3.5 1999 | -.1 .5 -.5 .0 .7 -.7 .0 .6 -.5 1.4 .4 .4 | .7 .4 .0 6.7 | 1.3 2000 | -.3 -.2 .3 .4 -.6 .0 -.2 -1.0 .3 -.4 -.5 -.8 | .3 .9 -3.8 -4.6 | .7 2001 | -.6 -.6 -.3 -.1 -.7 -.6 -.2 -.5 -.2 -.7 -.2 .2 | -6.9 -4.4 -4.6 -4.2 | -4.7 2002 | .6 -.2 .8 .2 .6 1.1 -.4 .1 .1 -.4 .4 -.6 | 3.2 5.6 2.5 -1.0 | .4 | | | 2003 | .4 -.1 .1 -1.0 -.1 .3 .0 -.6 .7 -.1 1.0 -.3 | .4 -3.9 -.1 3.1 | .0 2004 | -.2 .7 -.2 .4 .8 -.8 .9 .4 -.1 1.0 -.1 .6 | 1.3 3.3 3.8 4.8 | 2.0 2005 | .6 .7 -.6 .2 .3 .1 -.5 .2 -1.2 1.4 .7 .1 | 5.2 1.4 -2.2 4.9 | 3.1 2006 | .8 -.4 -.1 .5 -.6 .2 -.4 .5 .0 -.4 .0 1.5 | 3.1 .0 -.4 .9 | 1.5 2007 | -.6 .3 .6 .5 .0 .5 .0 -.4 .3 -.7 .3 .0 | 3.2 4.7 .7 -1.7 | 1.8 | | | 2008 | -.5 -.8 -.5 -1.2 -.6 -.6 -1.1 -1.2 -3.5 -.4 -2.1 -3.3 | -4.5 -9.2 -13.8 -20.3 | -5.9 2009 | -3.1 -.2 -2.0 -.9 -1.2 -.4 1.4 1.2 .8 .1 .9 -.2 | -24.2 -12.5 7.4 6.4 | -13.9 2010 | 1.0 -.3 1.1 .8 1.5 -.1 .6 .1 .1 .1 -.1 .2 | 5.2 10.1 4.7 .8 | 5.1 2011 | .2 .1 .6 -.6 .1 .0 .6 .2 .4 .6 -.4 .6 | 2.2 -.6 3.8 3.5 | 2.5 2012 | 1.0 .3 -.7 .6 -.5 .2 -.1 -.2 -.1 -.4 .8 .7 | 5.0 .1 -1.0 1.2 | 2.3 | | | 2013 | -.3 .5 -.3 -.4 .2 .2 -1.1 .9 .1 .0 -.1 .0 | 2.7 -1.1 -1.1 1.2 | .5 2014 | -1.1 1.0 .6 .0 .2 .4 .4 -.4 .1 .0 .9 -.1 | -1.1 4.3 2.0 2.0 | .9 2015 | -.4 -.4 .2 .2 .0 -.2 .7 -.1 -.3 .2 -.3 .0 | -1.5 .6 1.8 -.9 | .8 2016 | .4 .1 | | | | | IP (2012=100) | | | 1986 | 79.7 79.3 79.0 79.3 79.4 79.2 79.3 79.5 79.7 79.9 80.3 80.9 | 79.3 79.3 79.5 80.3 | 79.6 1987 | 80.5 81.6 81.7 82.0 82.5 82.7 83.3 83.6 84.0 85.3 85.7 86.2 | 81.3 82.4 83.6 85.7 | 83.3 | | | 1988 | 86.0 86.2 86.4 87.1 86.8 86.9 86.8 86.8 87.1 87.5 87.8 88.2 | 86.2 86.9 86.9 87.8 | 87.0 1989 | 89.0 88.1 88.0 88.2 87.4 87.5 86.4 87.0 86.8 86.5 86.6 86.6 | 88.4 87.7 86.7 86.6 | 87.3 1990 | 86.3 87.6 88.0 87.8 87.8 88.0 87.9 88.1 88.0 87.2 86.2 85.5 | 87.3 87.9 88.0 86.3 | 87.4 1991 | 84.8 84.2 83.5 83.8 84.3 85.2 85.5 85.6 86.6 86.4 86.1 85.8 | 84.1 84.4 85.9 86.1 | 85.1 1992 | 85.1 85.8 86.7 87.0 87.4 87.6 88.3 87.8 87.7 88.1 88.4 88.3 | 85.8 87.3 87.9 88.3 | 87.3 | | | 1993 | 89.1 89.3 89.0 89.4 89.3 89.1 89.3 89.1 89.6 90.3 90.6 91.0 | 89.1 89.3 89.3 90.6 | 89.6 1994 | 91.1 91.2 92.2 92.7 93.2 93.3 93.5 94.0 94.2 94.9 95.4 96.3 | 91.5 93.1 93.9 95.5 | 93.5 1995 | 96.4 96.1 96.0 95.6 95.5 95.8 95.0 95.7 96.3 95.9 95.8 95.8 | 96.2 95.6 95.7 95.8 | 95.8 1996 | 94.7 95.9 95.5 96.5 97.0 97.8 97.7 97.9 98.5 98.0 98.7 99.4 | 95.4 97.1 98.0 98.7 | 97.3 1997 | 99.2 100.3 101.1 100.5 100.9 101.3 101.8 102.8 103.4 104.1 104.9 105.1 | 100.2 100.9 102.6 104.7 | 102.1 | | | 1998 | 105.7 105.6 105.3 105.6 106.0 104.8 104.0 106.3 105.7 106.4 106.3 106.5 | 105.5 105.5 105.3 106.4 | 105.7 1999 | 106.4 106.9 106.4 106.4 107.2 106.4 106.4 107.1 106.5 108.0 108.4 108.8 | 106.6 106.7 106.7 108.4 | 107.1 2000 | 108.5 108.3 108.7 109.2 108.5 108.5 108.3 107.2 107.5 107.1 106.5 105.7 | 108.5 108.7 107.7 106.4 | 107.8 2001 | 105.1 104.5 104.2 104.1 103.4 102.8 102.6 102.1 101.9 101.2 101.0 101.1 | 104.6 103.4 102.2 101.1 | 102.8 2002 | 101.8 101.6 102.4 102.5 103.1 104.3 103.8 103.9 104.0 103.6 104.0 103.4 | 101.9 103.3 103.9 103.7 | 103.2 | | | 2003 | 103.8 103.7 103.8 102.7 102.6 102.9 102.9 102.3 103.0 103.0 104.0 103.7 | 103.8 102.8 102.7 103.5 | 103.2 2004 | 103.5 104.2 104.0 104.4 105.3 104.5 105.4 105.9 105.8 106.8 106.7 107.3 | 103.9 104.7 105.7 106.9 | 105.3 2005 | 108.0 108.8 108.1 108.4 108.7 108.9 108.4 108.6 107.3 108.8 109.6 109.7 | 108.3 108.7 108.1 109.4 | 108.6 2006 | 110.6 110.1 110.0 110.6 109.9 110.2 109.8 110.3 110.3 109.8 109.8 111.4 | 110.2 110.2 110.1 110.3 | 110.2 2007 | 110.8 111.1 111.8 112.4 112.3 112.9 112.9 112.4 112.8 112.0 112.3 112.3 | 111.2 112.5 112.7 112.2 | 112.2 | | | 2008 | 111.7 110.8 110.3 109.0 108.3 107.6 106.4 105.2 101.5 101.1 99.0 95.7 | 110.9 108.3 104.3 98.6 | 105.5 2009 | 92.7 92.5 90.6 89.8 88.7 88.4 89.6 90.7 91.4 91.5 92.3 92.1 | 92.0 88.9 90.5 92.0 | 90.9 2010 | 93.0 92.7 93.7 94.5 95.9 95.8 96.4 96.5 96.6 96.7 96.6 96.8 | 93.1 95.4 96.5 96.7 | 95.4 2011 | 97.0 97.1 97.6 97.0 97.1 97.1 97.7 98.0 98.3 98.9 98.5 99.1 | 97.2 97.1 98.0 98.8 | 97.8 2012 | 100.1 100.4 99.7 100.3 99.9 100.0 99.9 99.8 99.7 99.3 100.1 100.8 | 100.0 100.1 99.8 100.1 | 100.0 | | | 2013 | 100.5 101.0 100.7 100.3 100.5 100.7 99.6 100.5 100.6 100.6 100.5 100.5 | 100.8 100.5 100.2 100.5 | 100.5 2014 | 99.3 100.4 101.0 101.1 101.2 101.7 102.1 101.6 101.8 101.8 102.7 102.5 | 100.2 101.3 101.8 102.3 | 101.4 2015 | 102.1 101.7 101.9 102.1 102.2 102.0 102.7 102.6 102.3 102.5 102.3 102.2 | 101.9 102.1 102.5 102.3 | 102.2 2016 | 102.6 102.7 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> See footnote 2 to table 2. <2> High technology industries include computers, communications equipment, and semiconductors and related electronic components. <3> Annual averages of industrial production are calculated from not seasonally adjusted indexes. Table 11B Capacity and Utilization: Manufacturing <1> Excluding Selected High-Technology Industries <2> Seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------- | | | | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual --------------------------------------------------------------------------------------------------------------------------------------------- | | | Capacity | | | (percent of | | | 2012 output) | | | 1986 | 100.6 100.7 100.7 100.8 100.9 100.9 101.0 101.1 101.2 101.3 101.4 101.6 | 100.7 100.9 101.1 101.4 | 101.0 1987 | 101.7 101.9 102.0 102.2 102.3 102.5 102.6 102.7 102.8 102.9 103.0 103.0 | 101.9 102.3 102.7 103.0 | 102.5 | | | 1988 | 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.1 103.2 103.3 | 103.1 103.1 103.1 103.2 | 103.1 1989 | 103.4 103.5 103.7 103.8 104.0 104.2 104.4 104.6 104.8 105.0 105.2 105.4 | 103.5 104.0 104.6 105.2 | 104.3 1990 | 105.6 105.8 106.0 106.2 106.4 106.5 106.7 106.9 107.0 107.2 107.3 107.5 | 105.8 106.4 106.9 107.3 | 106.6 1991 | 107.6 107.7 107.9 108.0 108.1 108.3 108.4 108.5 108.6 108.7 108.9 109.0 | 107.7 108.1 108.5 108.9 | 108.3 1992 | 109.1 109.2 109.4 109.5 109.6 109.8 109.9 110.1 110.2 110.3 110.5 110.6 | 109.2 109.6 110.1 110.5 | 109.9 | | | 1993 | 110.8 110.9 111.0 111.1 111.2 111.3 111.4 111.5 111.7 111.8 111.9 112.0 | 110.9 111.2 111.5 111.9 | 111.4 1994 | 112.1 112.2 112.4 112.5 112.7 112.8 113.0 113.2 113.4 113.6 113.8 114.0 | 112.2 112.7 113.2 113.8 | 113.0 1995 | 114.2 114.5 114.7 114.9 115.2 115.4 115.7 115.9 116.2 116.4 116.6 116.9 | 114.5 115.2 115.9 116.6 | 115.5 1996 | 117.1 117.4 117.6 117.9 118.1 118.4 118.6 118.9 119.2 119.5 119.9 120.2 | 117.4 118.1 118.9 119.9 | 118.6 1997 | 120.6 121.0 121.4 121.8 122.3 122.8 123.3 123.8 124.3 124.8 125.4 125.9 | 121.0 122.3 123.8 125.4 | 123.1 | | | 1998 | 126.5 127.0 127.5 128.1 128.6 129.1 129.6 130.1 130.5 131.0 131.4 131.8 | 127.0 128.6 130.1 131.4 | 129.3 1999 | 132.2 132.6 133.0 133.3 133.6 134.0 134.3 134.6 134.8 135.1 135.4 135.6 | 132.6 133.6 134.6 135.4 | 134.0 2000 | 135.8 136.0 136.3 136.5 136.7 136.8 137.0 137.2 137.4 137.5 137.7 137.9 | 136.0 136.7 137.2 137.7 | 136.9 2001 | 138.0 138.1 138.3 138.4 138.5 138.6 138.7 138.8 138.8 138.9 138.9 138.9 | 138.1 138.5 138.7 138.9 | 138.6 2002 | 139.0 139.0 139.0 139.0 138.9 138.9 138.9 138.8 138.8 138.7 138.6 138.6 | 139.0 138.9 138.8 138.6 | 138.8 | | | 2003 | 138.5 138.4 138.3 138.3 138.2 138.1 138.0 137.9 137.8 137.7 137.6 137.5 | 138.4 138.2 137.9 137.6 | 138.0 2004 | 137.4 137.3 137.3 137.2 137.1 137.0 137.0 137.0 136.9 137.0 137.0 137.0 | 137.3 137.1 137.0 137.0 | 137.1 2005 | 137.1 137.2 137.4 137.5 137.7 137.9 138.1 138.3 138.5 138.7 139.0 139.2 | 137.2 137.7 138.3 139.0 | 138.1 2006 | 139.4 139.6 139.8 140.0 140.2 140.4 140.6 140.8 140.9 141.1 141.3 141.4 | 139.6 140.2 140.8 141.3 | 140.5 2007 | 141.6 141.7 141.8 141.9 142.1 142.2 142.3 142.3 142.4 142.4 142.5 142.5 | 141.7 142.1 142.3 142.5 | 142.1 | | | 2008 | 142.5 142.4 142.4 142.3 142.2 142.1 142.0 141.8 141.7 141.5 141.3 141.1 | 142.4 142.2 141.8 141.3 | 141.9 2009 | 140.9 140.6 140.4 140.1 139.8 139.5 139.2 138.9 138.6 138.3 138.0 137.7 | 140.6 139.8 138.9 138.0 | 139.4 2010 | 137.4 137.1 136.7 136.4 136.1 135.8 135.5 135.2 134.9 134.6 134.3 134.0 | 137.1 136.1 135.2 134.3 | 135.6 2011 | 133.7 133.4 133.2 133.0 132.8 132.7 132.6 132.5 132.5 132.5 132.6 132.7 | 133.4 132.8 132.5 132.6 | 132.8 2012 | 132.8 133.0 133.1 133.3 133.5 133.6 133.8 134.0 134.1 134.3 134.4 134.5 | 133.0 133.5 134.0 134.4 | 133.7 | | | 2013 | 134.5 134.6 134.6 134.6 134.5 134.5 134.4 134.4 134.3 134.2 134.2 134.1 | 134.6 134.5 134.4 134.2 | 134.4 2014 | 134.1 134.1 134.0 134.0 134.1 134.1 134.1 134.2 134.3 134.4 134.5 134.6 | 134.1 134.1 134.2 134.5 | 134.2 2015 | 134.7 134.8 134.9 135.0 135.1 135.2 135.3 135.4 135.5 135.6 135.6 135.7 | 134.8 135.1 135.4 135.6 | 135.2 2016 | 135.8 135.8 | | | | | Utilization | | | (percent) | | | 1986 | 79.2 78.7 78.4 78.6 78.7 78.5 78.5 78.7 78.7 78.9 79.1 79.6 | 78.8 78.6 78.6 79.2 | 78.8 1987 | 79.1 80.1 80.1 80.3 80.7 80.7 81.1 81.4 81.7 82.8 83.2 83.6 | 79.8 80.6 81.4 83.2 | 81.2 | | | 1988 | 83.4 83.6 83.8 84.5 84.2 84.3 84.2 84.2 84.5 84.9 85.0 85.4 | 83.6 84.3 84.3 85.1 | 84.3 1989 | 86.1 85.1 84.9 84.9 84.0 84.0 82.7 83.2 82.8 82.4 82.3 82.2 | 85.4 84.3 82.9 82.3 | 83.7 1990 | 81.7 82.8 83.0 82.6 82.6 82.6 82.4 82.5 82.3 81.4 80.3 79.6 | 82.5 82.6 82.4 80.4 | 82.0 1991 | 78.8 78.1 77.4 77.5 77.9 78.7 78.9 78.9 79.7 79.4 79.1 78.7 | 78.1 78.1 79.1 79.1 | 78.6 1992 | 78.0 78.5 79.2 79.5 79.7 79.8 80.3 79.8 79.6 79.9 80.0 79.8 | 78.6 79.7 79.9 79.9 | 79.5 | | | 1993 | 80.5 80.5 80.2 80.5 80.3 80.0 80.2 79.8 80.2 80.8 80.9 81.3 | 80.4 80.2 80.1 81.0 | 80.4 1994 | 81.3 81.2 82.1 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.8 84.5 | 81.5 82.6 83.0 83.9 | 82.8 1995 | 84.4 83.9 83.7 83.2 82.9 83.0 82.1 82.6 82.9 82.4 82.1 82.0 | 84.0 83.0 82.5 82.2 | 82.9 1996 | 80.8 81.7 81.2 81.8 82.1 82.6 82.3 82.3 82.6 82.0 82.3 82.7 | 81.2 82.2 82.4 82.3 | 82.0 1997 | 82.3 82.9 83.2 82.5 82.5 82.5 82.5 83.0 83.2 83.3 83.7 83.4 | 82.8 82.5 82.9 83.5 | 82.9 | | | 1998 | 83.6 83.2 82.6 82.4 82.5 81.2 80.2 81.7 80.9 81.2 80.9 80.8 | 83.1 82.0 81.0 81.0 | 81.8 1999 | 80.5 80.6 80.0 79.8 80.2 79.4 79.3 79.6 79.0 80.0 80.1 80.3 | 80.4 79.8 79.3 80.1 | 79.9 2000 | 79.9 79.6 79.8 80.0 79.4 79.3 79.0 78.2 78.3 77.9 77.4 76.7 | 79.8 79.6 78.5 77.3 | 78.8 2001 | 76.1 75.6 75.3 75.2 74.6 74.2 74.0 73.6 73.4 72.9 72.7 72.8 | 75.7 74.7 73.6 72.8 | 74.2 2002 | 73.2 73.1 73.7 73.8 74.2 75.1 74.8 74.9 75.0 74.7 75.0 74.6 | 73.3 74.3 74.9 74.8 | 74.3 | | | 2003 | 75.0 75.0 75.0 74.3 74.3 74.5 74.6 74.2 74.8 74.8 75.5 75.4 | 75.0 74.4 74.5 75.2 | 74.8 2004 | 75.3 75.9 75.7 76.1 76.8 76.2 77.0 77.3 77.2 78.0 77.9 78.3 | 75.6 76.4 77.2 78.1 | 76.8 2005 | 78.8 79.3 78.7 78.8 79.0 79.0 78.5 78.5 77.4 78.4 78.9 78.8 | 78.9 78.9 78.1 78.7 | 78.7 2006 | 79.3 78.9 78.7 79.0 78.4 78.5 78.1 78.4 78.2 77.8 77.7 78.8 | 78.9 78.6 78.2 78.1 | 78.5 2007 | 78.3 78.4 78.8 79.1 79.1 79.4 79.4 79.0 79.2 78.7 78.8 78.8 | 78.5 79.2 79.2 78.8 | 78.9 | | | 2008 | 78.4 77.8 77.5 76.6 76.1 75.7 74.9 74.1 71.6 71.4 70.0 67.8 | 77.9 76.2 73.6 69.8 | 74.3 2009 | 65.8 65.8 64.6 64.1 63.4 63.3 64.4 65.3 65.9 66.1 66.9 66.9 | 65.4 63.6 65.2 66.6 | 65.2 2010 | 67.7 67.6 68.6 69.3 70.5 70.6 71.2 71.4 71.6 71.9 72.0 72.3 | 68.0 70.1 71.4 72.0 | 70.4 2011 | 72.6 72.7 73.3 73.0 73.1 73.2 73.7 73.9 74.2 74.6 74.3 74.7 | 72.9 73.1 73.9 74.5 | 73.6 2012 | 75.3 75.5 74.9 75.3 74.8 74.8 74.7 74.5 74.3 74.0 74.5 75.0 | 75.2 75.0 74.5 74.5 | 74.8 | | | 2013 | 74.7 75.1 74.8 74.5 74.7 74.8 74.1 74.8 74.9 75.0 74.9 74.9 | 74.9 74.7 74.6 74.9 | 74.8 2014 | 74.1 74.9 75.4 75.4 75.5 75.8 76.1 75.7 75.8 75.7 76.4 76.2 | 74.8 75.6 75.9 76.1 | 75.6 2015 | 75.8 75.5 75.5 75.6 75.6 75.4 75.9 75.8 75.5 75.6 75.4 75.3 | 75.6 75.5 75.7 75.4 | 75.6 2016 | 75.6 75.6 | | --------------------------------------------------------------------------------------------------------------------------------------------- Note: Estimates from October 2015 through February 2016 are subject to further revision in the upcoming monthly releases. <1> See footnote 2 to table 2. <2> High technology industries include computers, communications equipment, and semiconductors and related electronic components. Table 12 Annual Proportions in Industrial Production, Market and Industry Group Summary ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Item | NAICS | 2008 2009 2010 2011 2012 2013 2014 2015 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Total IP | | 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 | | MARKET GROUP | | Final products and nonindustrial supplies | | 54.6 55.8 53.6 53.0 52.6 51.8 52.8 55.5 Consumer goods | | 26.2 28.6 27.0 26.7 25.8 25.4 25.6 27.1 Durable | | 6.0 5.8 5.5 5.3 5.3 5.5 5.8 6.4 Automotive products | | 2.7 2.7 2.7 2.6 2.5 2.6 2.8 3.2 Home electronics | | .4 .3 .2 .2 .2 .2 .2 .2 Appliances, furniture, carpeting | | 1.0 .9 .8 .8 .8 .8 .8 .9 Miscellaneous goods | | 2.0 1.9 1.9 1.9 1.9 1.9 2.0 2.1 Nondurable | | 20.2 22.8 21.5 21.3 20.5 20.0 19.8 20.7 Non-energy | | 16.4 18.3 16.7 16.3 15.8 15.5 16.0 17.3 Foods and tobacco | | 8.7 10.0 9.3 9.0 8.8 8.9 9.1 9.6 Clothing | | .4 .3 .3 .3 .3 .2 .2 .3 Chemical products | | 5.4 5.8 5.2 5.3 5.0 4.7 5.0 5.7 Paper products | | 1.5 1.6 1.4 1.3 1.3 1.2 1.2 1.3 Energy | | 3.8 4.5 4.7 5.0 4.8 4.5 3.8 3.4 | | Business equipment | | 10.1 9.5 9.4 9.4 10.1 9.9 10.5 11.3 Transit | | 2.0 1.9 2.1 1.9 2.2 2.4 2.7 3.1 Information processing | | 2.8 2.7 2.3 2.2 2.3 2.3 2.3 2.5 Industrial and other | | 5.3 5.0 5.0 5.3 5.5 5.3 5.5 5.8 Defense and space equipment | | 2.3 2.5 2.6 2.4 2.4 2.3 2.3 2.4 | | Construction supplies | | 5.0 4.5 4.3 4.3 4.3 4.5 4.7 5.1 Business supplies | | 10.2 10.2 9.7 9.5 9.1 8.8 8.9 9.2 | | Materials | | 45.4 44.2 46.4 47.0 47.4 48.2 47.2 44.5 Non-energy | | 27.3 26.3 27.4 27.8 27.6 27.2 27.6 28.6 Durable | | 16.7 15.0 16.0 16.5 16.6 16.4 17.1 17.8 Consumer parts | | 2.8 2.3 2.6 2.6 2.8 2.9 3.0 3.3 Equipment parts | | 5.9 5.4 5.4 5.7 5.6 5.3 5.6 5.9 Other | | 8.0 7.3 8.0 8.2 8.2 8.2 8.4 8.6 Nondurable | | 10.6 11.3 11.5 11.3 11.0 10.8 10.5 10.8 Textile | | .4 .4 .5 .4 .4 .4 .4 .4 Paper | | 2.2 2.2 2.1 2.0 2.0 2.0 2.0 2.1 Chemical | | 4.8 5.0 5.5 5.7 5.5 5.3 5.0 5.1 Energy | | 18.1 17.9 19.0 19.2 19.7 21.0 19.6 15.9 | | | | INDUSTRY GROUP | | Manufacturing | | 76.4 76.3 75.1 74.9 74.6 73.4 74.6 78.5 Manufacturing (NAICS) | 31-33 | 72.8 72.8 72.2 72.1 72.1 71.0 72.1 76.0 | | Durable manufacturing | | 39.5 36.8 37.0 37.1 37.7 37.5 39.3 41.8 Wood products | 321 | 1.1 1.0 .9 .9 1.0 1.1 1.2 1.3 Nonmetallic mineral products | 327 | 2.0 1.8 1.6 1.6 1.7 1.8 2.0 2.2 Primary metals | 331 | 2.5 2.2 2.8 2.8 2.6 2.7 2.6 2.4 Fabricated metal products | 332 | 6.1 5.3 5.2 5.5 5.5 5.6 5.8 6.1 Machinery | 333 | 5.4 4.9 5.2 5.7 6.0 5.7 6.0 6.3 Computer and electronic products | 334 | 7.0 6.5 6.2 6.0 5.9 5.4 5.5 5.9 Electrical equip., appliances, | | and components | 335 | 2.0 1.9 1.8 1.8 1.8 1.8 1.8 2.0 Motor vehicles and parts | 3361-3 | 4.5 4.0 4.5 4.3 4.6 4.8 5.3 5.9 Aerospace and miscellaneous | | transportation equipment | 3364-9 | 4.3 4.7 4.5 4.3 4.5 4.6 5.0 5.3 Furniture and related products | 337 | 1.4 1.1 1.0 1.0 1.1 1.1 1.1 1.2 Miscellaneous | 339 | 3.2 3.4 3.2 3.1 2.9 3.0 3.0 3.2 | | Nondurable manufacturing | | 33.3 36.0 35.1 35.0 34.4 33.5 32.9 34.2 Food, beverage, and tobacco products | 311,2 | 10.5 12.2 11.3 10.9 10.6 10.7 10.8 11.4 Textile and product mills | 313,4 | .8 .7 .7 .7 .7 .7 .7 .7 Apparel and leather | 315,6 | .4 .3 .3 .3 .3 .3 .3 .3 Paper | 322 | 2.6 2.8 2.7 2.6 2.6 2.6 2.6 2.7 Printing and support | 323 | 1.9 1.8 1.6 1.5 1.5 1.5 1.5 1.6 Petroleum and coal products | 324 | 2.7 3.2 3.6 4.0 3.9 3.4 2.4 1.9 Chemicals | 325 | 11.4 12.0 11.9 12.1 11.8 11.3 11.4 12.2 Plastics and rubber products | 326 | 3.0 3.0 3.0 2.9 3.1 3.1 3.2 3.5 | | Other manufacturing (non-NAICS) | 1133,5111 | 3.5 3.4 2.9 2.7 2.5 2.4 2.4 2.5 | | Mining | 21 | 13.8 12.8 14.2 15.0 15.8 16.8 15.2 10.8 Utilities | 2211,2 | 9.8 11.0 10.6 10.2 9.6 9.8 10.2 10.8 Electric | 2211 | 8.6 9.6 9.4 9.0 8.6 8.7 9.1 9.7 Natural gas | 2212 | 1.2 1.3 1.2 1.2 1.1 1.1 1.1 1.0 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Note. The IP proportion data are estimates of the industries' relative contributions to the overall change in IP between the reference year and the following year. For example, a 1 percent increase in durable goods manufacturing between 2015 and 2016 would account for a .418 percent increase in total IP. Table 13 Industrial Production and Capacity Utilization: SUMMARY Seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 2012=100 | Percent change | ----------------------------------------------------------------- | ----------------------------------------------------------------------------------- | 2015 2016 | 2015 2016 | Feb. '15 to Industrial production | Sept.[r] Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] | Sept.[r] Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] | Feb. '16 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 105.3 105.2 104.5 104.1 104.7 104.2 | -.3 -.1 -.7 -.4 .6 -.5 | -1.6 Previous estimates | 107.5 107.3 106.5 106.0 106.9 106.3 | .0 -.1 -.7 -.5 .8 -.5 | -1.0 | | | Major market groups | | | Final Products | 101.2 100.9 100.3 100.0 100.9 100.6 | -.6 -.3 -.7 -.3 .9 -.4 | -.6 Consumer goods | 103.4 103.2 102.7 102.5 104.0 103.3 | -.5 -.2 -.5 -.2 1.5 -.7 | 1.0 Business equipment | 103.4 102.8 101.6 101.2 101.2 101.8 | -.5 -.5 -1.2 -.4 -.1 .6 | -1.0 Nonindustrial supplies | 105.0 106.1 105.9 105.8 106.2 106.2 | -.1 1.0 -.1 -.1 .3 .1 | 1.1 Construction | 107.6 109.6 109.6 109.9 109.4 110.0 | -.7 1.9 .0 .3 -.4 .5 | 2.1 Materials | 108.8 108.5 107.6 106.8 107.3 106.4 | .0 -.3 -.8 -.7 .5 -.9 | -3.3 | | | Major industry groups | | | Manufacturing (see note below) | 103.1 103.4 103.1 103.1 103.5 103.6 | -.2 .2 -.3 .0 .4 .1 | 1.0 Previous estimates | 105.8 106.1 105.9 105.6 106.2 106.4 | -.1 .3 -.2 -.2 .5 .2 | 1.8 | | | Mining | 115.2 114.4 112.7 110.1 108.7 106.8 | -1.1 -.6 -1.5 -2.4 -1.2 -1.8 | -10.7 Utilities | 104.3 102.3 99.6 97.9 101.8 97.7 | .5 -1.9 -2.6 -1.7 4.0 -4.1 | -9.9 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | ------------------------------------------------------------------------------------------------------------------------------------------- | --------------- | Average 1988- 1990- 1994- 2008- | | | 1972- 89 91 95 09 2015 | 2015 2016 | Feb. '15 to Capacity utilization | 2015 high low high low Feb. | Sept.[r] Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] | Feb. '16 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | Total industry | 80.0 85.3 78.8 85.0 66.7 77.7 | 76.4 76.3 75.7 75.4 75.8 75.4 | 1.4 Previous estimates | 80.0 85.2 78.8 85.0 66.9 78.4 | 77.8 77.6 77.0 76.5 77.1 76.7 | 1.3 | | | Manufacturing (see note below) | 78.5 85.6 77.3 84.6 63.8 75.4 | 75.5 75.6 75.3 75.3 75.5 75.6 | .8 Previous estimates | 78.5 85.6 77.3 84.6 63.9 75.7 | 76.0 76.2 76.0 75.7 76.1 76.1 | 1.2 Mining | 87.3 86.2 83.8 88.6 79.0 86.8 | 81.0 80.4 79.2 77.5 76.7 75.5 | 2.6 Utilities | 85.8 93.2 84.7 93.2 78.2 83.5 | 80.0 78.5 76.4 75.0 78.0 74.8 | .6 | | | Stage-of-process groups | | | Crude | 86.3 87.6 84.5 90.1 77.0 84.5 | 80.0 79.7 78.8 77.5 77.4 76.5 | 2.2 Primary and semifinished | 80.6 86.5 78.1 87.8 63.8 77.3 | 76.3 76.3 75.7 75.4 76.0 75.3 | .7 Finished | 77.0 83.4 77.3 80.6 66.6 75.1 | 75.4 75.2 74.9 74.8 75.2 75.2 | 1.1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ r Revised. Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all of its industrial output data from the SIC system to NAICS. 1 Explanatory Note The Industrial Production and Capacity Utilization statistical release, which is published around the middle of the month, reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. More detailed descriptions of industrial production and capacity utilization are available on the Board's website at www.federalreserve.gov/releases/G17. In addition, files containing data shown in the release, more detailed series that were published in the G.17 prior to December 2000, and historical data are available from the Data Download Program on the Board's website. Instructions for searching for and downloading specific series are provided as well. Industrial Production Coverage. The industrial production (IP) index measures the real output of the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 2012. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, definition of manufacturing plus those industries-logging and newspaper, periodical, book and directory publishing-that have traditionally been considered to be manufacturing and included in the industrial sector. For the period since 1997, the total IP index has been constructed from 299 individual series based on the 2012 NAICS codes. These individual series are classified in two ways: (1) market groups, and (2) industry groups. Market groups consist of products and materials. Total products are the aggregate of final products, such as consumer goods and equipment, and nonindustrial supplies (which are inputs to nonindustrial sectors). Materials are inputs in the manufacture of products. Major industry groups include three-digit NAICS industries and aggregates of these industries-for example, durable and nondurable manufacturing, mining, and utilities. A complete description of the market and industry structures, including details regarding series classification, relative importance weights, and data sources, is available on the Board's website at www.federalreserve.gov/releases/G17/About.htm. Source data. On a monthly basis, the individual indexes of industrial production are constructed from two main types of source data: (1) output measured in physical units, and (2) data on inputs to the production process, from which output is inferred. Data on physical products, such as tons of steel or barrels of oil, are typically obtained from private trade associations and from government agencies; data of this type are used to estimate monthly IP wherever possible and appropriate. Production indexes for a few industries are derived by dividing estimated nominal output (calculated using unit production or sales and unit values) by a corresponding Fisher price index; the most notable of these fall within the high-technology grouping and include semiconductors. When suitable data on physical product are not available, estimates of output are based on production-worker hours by industry. Data on hours worked by production workers are collected in the monthly establishment survey conducted by the Bureau of Labor Statistics. The factors used to convert inputs into estimates of production are based on historical relationships between the inputs and the comprehensive annual data used to benchmark the IP indexes; these factors also may be influenced by technological or cyclical developments. The annual data used in benchmarking the individual IP indexes are constructed from a variety of source data, such as the quinquennial Censuses of Manufactures and Mineral Industries and the Annual Survey of Manufactures, prepared by the Bureau of the Census; the Minerals Yearbook, prepared by the U.S. Geological Survey of the Department of the Interior; and publications of the Department of Energy. Aggregation Methodology and Weights. The aggregation method for the IP index is a version of the Fisher-ideal index formula. (For a detailed discussion of the aggregation method, see The Federal Reserve Bulletin February 1997 and March 2001.) In the IP index, series that measure the output of an individual industry are combined using weights derived from their proportion in the total value-added output of all industries. The IP index, which extends back to 1919, is built as a chain-type index since 1972. The current formula for the growth in monthly IP (or any of the sub-aggregates) since 1972 is the geometric mean of the change in output (I), and, as can be seen below, is computed using the unit value added estimate for the current month (p_m) and the estimate for previous month: % Equation not available in ascii file. The IP proportions (typically shown in the first column of the relevant tables in the monthly G.17 release) are estimates of the industries' relative contributions to overall growth in the following year. For example, the relative importance weight of the motor vehicles and parts industry is about 6 percent. If output in this industry increased 10 percent in a month, then this gain would boost growth in total IP by 6/10 percentage point (0.06 x 10% = 0.6%). To assist users with calculations, the Federal Reserve's website provides supplemental monthly statistics that represent the exact proportionate contribution of a monthly change in a component index to the monthly change in the total index (www.federalreserve.gov/ releases/G17/ipdisk/ipweightssa.txt). Timing. The first estimate of output for a month is published around the 15th of the following month. The estimate is preliminary (denoted by the superscript "p" in tables) and subject to revision in each of the subsequent five months as new source data become available. (Revised estimates are denoted by the superscript "r" in tables.) For the first estimate of output for a given month, about 73 percent of the source data (in value-added terms) are available; the fraction of available source data increases to 87 percent for estimates in the second month that the estimate is published, 94 percent in the third month, 97 percent in the fourth month, 99 percent in the fifth month, and 99 percent in the sixth month. Data availability by data type in early 2016 is summarized in the table below: Availability of Monthly IP Data in Publication Window (Percent of value added in 2015; the numbers may not sum because of rounding.) Type of data 1st 2nd 3rd 4th 5th 6th Physical product 31 45 52 55 56 56 Production-worker hours 42 42 42 42 42 42 IP data received 73 87 94 97 99 99 IP data estimated 27 13 6 3 1 1 The physical product group includes series based on either monthly or quarterly data. As can be seen in the first row of the table, in the first month, a physical product indicator is available for about one-half of the series (in terms of value added) that ultimately are based on physical product data (31 percent out of a total of 56 percent). Of the 31~percent, about three-fourths (23 percent of total IP) include series that are derived from weekly physical product data and for which actual monthly data may lag up to several months. On average, quarterly product data are received for the fourth estimate of industrial production. Specifically, quarterly data are available for the third estimate of the last month of a quarter, the fourth estimate of the second month of a quarter, and the fifth estimate of the first month of a quarter. Seasonal adjustment. Individual series are seasonally adjusted using Census X-12 ARIMA. For series based on production-worker hours, the current seasonal factors were estimated with data through January 2016; for other series, the factors were estimated with data through at least December 2015. Series are pre-adjusted for the effects of holidays or the business cycle when appropriate. For the data since 1972, all seasonally adjusted aggregate indexes are calculated by aggregating the seasonally adjusted indexes of the individual series. Additional documentation and X-12 specifications can be found on the Board's website at www.federalreserve.gov/releases/G17/About.htm. Reliability. The average revision to the level of the total IP index, without regard to sign, between the first and the fourth estimates was 0.27 percent during the 1987-2015 period. The average revision to the percent change in total IP, without regard to sign, from the first to the fourth estimates was 0.21 percentage point during the 1987-2015 period. In most cases (about 85 percent), the direction of the change in output indicated by the first estimate for a given month is the same as that shown by the fourth estimate. Rounding. The published percent changes are calculated from unrounded indexes, and may not be the same as percent changes calculated from the rounded indexes shown in the release. Capacity Utilization Overview. The Federal Reserve Board constructs estimates of capacity and capacity utilization for industries in manufacturing, mining, and electric and gas utilities. For a given industry, the capacity utilization rate is equal to an output index (seasonally adjusted) divided by a capacity index. The Federal Reserve Board's capacity indexes attempt to capture the concept of sustainable maximum output-the greatest level of output a plant can maintain within the framework of a realistic work schedule, after factoring in normal downtime and assuming sufficient availability of inputs to operate the capital in place. Coverage. Capacity indexes are constructed for 89 detailed industries (71 in manufacturing, 16 in mining, and 2 in utilities), which mostly correspond to industries at the three- and four-digit NAICS level. Estimates of capacity and utilization are available for a variety of groups, including durable and nondurable manufacturing, total manufacturing, mining, utilities, and total industry. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, definition of manufacturing plus those industries-logging and newspaper, periodical, book and directory publishing-that have traditionally been considered to be manufacturing and included in the industrial sector. Also, special aggregates are available, such as high-technology industries and manufacturing excluding high-technology industries. Source Data. The monthly rates of capacity utilization are designed to be consistent with both the monthly data on production and the periodically available data on capacity and utilization. Because there is no direct monthly information on overall industrial capacity or utilization rates, the Federal Reserve first estimates annual capacity indexes from the source data. Capacity data reported in physical units from government sources (primarily from the U.S. Geological Survey and the Department of Energy's Energy Information Administration) and trade sources are available for portions of several industries in manufacturing (for example, paper, industrial chemicals, petroleum refining, motor vehicles), as well as for electric utilities and mining; these industries represent about 25 percent of total industrial capacity. When physical product data are unavailable for manufacturing industries, capacity indexes are based on responses to the Bureau of the Census's Quarterly Survey of Plant Capacity (QSPC); these industries account for about 65 percent of total industry capacity. In the absence of utilization data for a few mining and petroleum series, capacity is based on trends through peaks in production (roughly 10 percent of total industry capacity). A detailed description of the methodology used to construct the capacity indexes is available on the Board's website (www.federalreserve.gov/releases/G17/CapNotes.htm). Aggregation Methodology. Monthly capacity aggregates are calculated in three steps: (1) utilization aggregates are calculated on an annual basis through the most recent full year as capacity-weighted aggregates of individual utilization rates; (2) the annual aggregate capacity is derived from the corresponding production and utilization aggregates; (3) the monthly capacity aggregate is obtained by interpolating with a Fisher index of its constituent monthly capacity series. Utilization rates for the individual series and aggregates are calculated by dividing the pertinent monthly production index by the related capacity index. Consistency. A major aim is that the Federal Reserve utilization rates be consistent over time so that, for example, a rate of 85 percent means about the same degree of tightness that it meant in the past. A major task for the Federal Reserve in developing reasonable and consistent time series of capacity and utilization is dealing with inconsistencies between the movements of the industrial production index and the survey-based utilization rates. The McGraw-Hill/DRI Survey, now discontinued, was the primary source of manufacturing utilization rates for many years. This survey of large companies reported, on average, higher utilization rates than those reported by establishments covered by the annual Survey of Plant Capacity (the primary source of factory operating rates through 2006, after which it was discontinued) for the fourteen years they overlapped. Adjustments have been made to keep the industry utilization rates currently reported by the Federal Reserve (now based on the QSPC) roughly in line with rates formerly reported by McGraw-Hill. As a consequence, the rates reported by the Federal Reserve tend to be higher than the rates reported in the Census utilization surveys. Perspective. Over the 1972-2015 period, the average total industry utilization rate was 80.0 percent; for manufacturing, the average factory operating rate was 78.5 percent. Industrial plants usually operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For total industry and total manufacturing, utilization rates have exceeded 90 percent only in wartime. The highs and lows in capacity utilization are specific to each series and do not all occur in the same month. References and Release Dates References. The release for the annual revision that was published on July 21, 2015, is available on the Board's website (www.federal reserve.gov/releases/g17/revisions/20150721/DefaultRev.htm). A summary of the annual revision that incorporated back to 1972 production and capacity indexes reclassified according to the North American Industry Classification System is available in an article in the Federal Reserve Bulletin, vol. 89 (April 2003), pp.151-76. A description of the aggregation methods for industrial production and capacity utilization is included in an article in the Federal Reserve Bulletin, vol. 83 (February 1997), pp. 67-92. The Federal Reserve methodology for constructing industry-level measures of capital is detailed in "Capital Stock Estimates for Manufacturing Industries: Methods and Data" by Mike Mohr and Charles Gilbert (1996), which can be obtained at www.federalreserve.gov/releases/g17/CapitalStockDocLatest.pdf. Industrial Production-1986 Edition contains a more detailed description of the other methods used to compile the industrial production index, plus a history of its development, a glossary of terms, and a bibliography. The major revisions to the IP indexes and capacity utilization since 1990 have been described in the Federal Reserve Bulletin (April 1990, June 1990, June 1993, March 1994, January 1995, January 1996, February 1997, February 1998, January 1999, March 2000, March 2001, March 2002, April 2003, Winter 2004, Winter 2005). Release Schedule On the day the G.17 is released, it is published at 9:15 a.m., the publication schedule for 2016 is January 15, February 17, March 16, April 15, May 17, June 15, July 15, August 16, September 15, October 17, November 16, and December 14. This release schedule is available on the Board's website at http://www.federalreserve.gov/releases/g17.