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Statistical Supplement | May 2004

Statistical Supplement to the Federal Reserve Bulletin, May 2004

2.12  Output, Capacity, and Capacity Utilization1
Seasonally adjusted
Series 2003 2003 2003
Q1 Q2 Q3 Q4r Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4r
  Ouput (1997=100) Capacity (percent of 1997 output) Capacity utilization rate (percent)2
1 Total industry 111.2 110.0 111.1 112.6 148.0 148.4 148.8 149.1 75.1 74.1 74.6 75.5
 
2 Manufacturing 112.0 111.1 112.1 113.8 152.4 152.8 153.2 153.5 73.5 72.7 73.2 74.1
3 Manufacturing (NAICS) 112.3 111.3 112.5 114.2 154.0 154.5 154.9 155.2 72.9 72.0 72.6 73.6
 
4 Durable manufacturing 124.3 123.1 125.6 128.5 176.9 178.0 179.1 180.0 70.3 69.1 70.1 71.4
5 Primary metal 86.6 82.9 82.8 86.5 112.8 112.9 113.0 113.1 76.8 73.4 73.3 76.5
 
6 Fabricated metal products 95.6 93.5 93.9 95.2 139.1 139.3 139.5 139.7 68.8 67.2 67.3 68.1
7 Machinery 86.0 86.0 86.6 88.5 128.7 128.3 128.0 127.7 66.8 67.0 67.6 69.3
8 Computer and electronic products 253.1 257.7 272.5 284.5 400.5 409.7 417.9 425.8 63.2 62.9 65.2 66.8
9 Electrical equipment, appliances, and components 93.7 92.9 93.3 95.7 127.4 127.1 126.8 126.5 73.5 73.1 73.5 75.6
10 Motor vehicles and parts 116.4 113.0 118.1 120.6 143.9 145.0 146.2 147.5 80.9 77.9 80.7 81.7
11 Aerospace and miscellaneous transportation equipment 94.4 94.0 94.6 95.6 147.8 147.8 147.8 147.7 63.8 63.6 64.0 64.7
12 Nondurable manufacturing 97.5 96.7 96.6 97.2 127.4 127.1 126.9 126.7 76.5 76.1 76.1 76.8
13 Food, beverage, and tobacco products 98.3 98.0 97.6 97.2 127.0 126.7 126.4 126.2 77.4 77.3 77.2 77.0
14 Textile and product mills 80.1 77.8 75.9 76.9 109.5 108.6 107.7 106.8 73.2 71.7 70.4 72.1
 
15 Paper 92.8 92.7 92.0 92.0 111.0 110.6 110.3 110.1 83.6 83.8 83.4 83.6
16 Petroleum and coal products 101.1 100.4 101.2 103.0 114.3 114.7 115.1 115.6 88.4 87.6 87.9 89.1
17 Chemical 104.9 104.5 105.4 107.5 143.6 144.0 144.4 144.8 73.1 72.6 73.0 74.2
18 Plastics and rubber products 103.7 102.6 103.0 103.6 130.3 129.6 128.9 128.1 79.6 79.1 79.9 80.9
19 Other manufacturing (non-NAICS) 105.6 106.4 104.9 105.9 128.3 127.8 127.4 127.0 82.3 83.2 82.4 83.4
 
20 Mining 93.3 93.1 93.3 93.6 110.1 110.0 109.8 109.7 84.7 84.7 85.0 85.3
21 Electric and gas utilities 113.1 109.2 111.0 112.4 131.2 132.6 133.9 135.2 86.3 82.4 82.9 83.1
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 341.9 353.6 379.9 401.6 554.2 570.2 584.8 599.5 61.7 62.0 65.0 67.0
 
23 Total excluding computers, communications equipment, and semiconductors 100.2 98.9 99.5 100.6 131.3 131.4 131.4 131.5 76.3 75.3 75.7 76.5
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 99.1 98.0 98.5 99.7 132.8 132.7 132.6 132.6 74.7 73.9 74.3 75.2

Note. The statistics in the G.17 release cover output, capacity, and capacity utilization in the industrial sector, which the Federal Reserve defines are manufacturing, mining, and electric and gas utilities. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, manufacturing plus those industries--logging and newspaper, periodical, book, and directory publishing--that have traditionally been considered manufacturing and included in the industrial sector.

1. Data in this table also appear in the Board's G.17 (419) monthly statistical release. The latest historical revision of the industrial production index and the capacity utilization rates was released in November 2003. The recent annual revision is described in the Winter 2004 issue of the Bulletin.   Return to table

2. Capacity utilization is calculated as the ratio of the Federal Reserve's seasonally adjusted index of industrial production to the corresponding index of capacity.   Return to table

3. Monthly highs, 1978-80; monthly lows, 1982.   Return to table

4. Monthly highs, 1988-89; monthly lows, 1990-91.   Return to table

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Last update: January 10, 2006