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Statistical Supplement | July 2004

Statistical Supplement to the Federal Reserve Bulletin, July 2004

2.12  Output, Capacity, and Capacity Utilization1--Continued
Seasonally adjusted
Series 1973 1975 Previous cycle2 Latest cycle3 2003 2004
High Low High Low High Low June Jan Feb Marr Aprr Mayr Junep
  Capacity utilization rate (percent)4
1 Total industry 88.8 74.0 86.6 70.9 85.2 78.6 74.0 76.2 76.7 76.6 77.0 77.6 77.2
 
2 Manufacturing 88.1 71.5 86.3 68.7 85.6 77.2 72.7 74.5 75.3 75.5 75.9 76.2 76.0
3 Manufacturing (NAICS) 88.1 71.3 86.3 68.0 85.5 77.0 72.0 74.0 74.6 74.8 75.2 75.5 75.3
 
4 Durable manufacturing 89.0 69.6 86.9 63.2 84.5 73.4 69.3 72.0 72.9 72.9 73.1 73.2 72.9
5 Primary metal 100.8 69.0 91.1 47.2 95.3 75.2 73.3 77.1 79.8 78.8 77.8 78.0 78.9
 
6 Fabricated metal products 91.8 70.3 83.3 62.0 80.3 71.1 67.0 68.3 68.7 69.2 69.7 70.0 69.8
7 Machinery 94.3 74.4 93.1 58.4 84.6 72.8 67.3 71.4 73.4 73.8 74.8 76.1 76.6
8 Computer and electronic products 86.9 66.7 89.5 77.3 81.1 76.3 63.1 67.3 68.2 68.5 68.3 69.3 69.5
9 Electrical equipment, appliances, and components 99.2 68.5 91.9 64.5 87.4 75.0 73.7 76.8 76.6 76.9 78.3 77.8 77.9
10 Motor vehicles and parts 95.7 55.6 96.3 45.3 89.7 56.5 78.3 82.6 84.1 82.2 82.0 79.9 77.6
11 Aerospace and miscellaneous transportation equipment 74.9 65.9 84.2 69.6 88.9 81.9 63.6 64.9 65.8 65.8 66.0 66.1 66.5
12 Nondurable manufacturing 87.5 72.4 85.7 75.6 87.0 81.8 75.8 76.9 77.2 77.7 78.3 78.8 78.8
13 Food, beverage, and tobacco products 85.9 77.9 84.3 80.4 85.5 81.3 77.4 77.2 77.6 78.0 78.3 79.2 79.1
14 Textile and product mills 89.8 62.7 90.2 72.4 91.4 77.2 71.3 73.6 71.2 70.0 70.7 73.1 72.6
 
15 Paper 97.3 74.4 95.4 81.3 93.7 85.2 84.3 84.0 84.6 84.0 85.6 86.4 86.3
16 Petroleum and coal products 93.2 81.0 92.3 71.2 88.9 82.5 86.3 88.0 88.2 90.3 89.2 89.7 89.8
17 Chemical 84.8 68.8 83.1 68.1 85.6 80.8 71.8 74.0 74.5 75.2 75.9 75.9 75.9
18 Plastics and rubber products 96.4 61.6 89.9 70.5 91.3 77.2 79.2 81.2 81.8 81.8 83.3 83.3 83.7
19 Other manufacturing (non-NAICS) 85.5 75.0 88.2 85.7 90.7 79.1 83.8 83.5 86.2 86.7 88.2 89.5 88.8
 
20 Mining 93.6 87.6 94.2 78.6 85.6 83.4 84.8 85.3 84.9 84.5 84.8 84.8 84.8
21 Electric and gas utilities 96.3 82.7 88.1 77.6 92.8 84.1 81.1 86.9 86.5 83.1 84.3 87.3 85.2
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 84.4 63.1 89.4 75.4 79.9 74.5 62.5 68.3 69.6 69.5 69.5 70.4 70.7
 
23 Total excluding computers, communications equipment, and semiconductors 89.1 74.3 86.7 70.7 85.6 78.8 75.1 77.2 77.7 77.5 78.1 78.6 78.3
 
24 Manufacturing excluding computers communications equipment, and semiconductors 88.4 71.8 86.3 68.2 86.1 77.3 73.9 75.5 76.3 76.6 77.0 77.3 77.2

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