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Statistical Supplement | December 2004

Statistical Supplement to the Federal Reserve Bulletin, December 2004

2.12  Output, Capacity, and Capacity Utilization1
Seasonally adjusted
Series 2003 2004 2003 2004 2003 2004
Q4 Q1 Q2 Q3r Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3r
  Ouput (1997=100) Capacity (percent of 1997 output) Capacity utilization rate (percent)2
1 Total industry 112.6 114.4 115.8 116.7 149.1 149.6 150.2 150.9 75.5 76.5 77.1 77.3
 
2 Manufacturing 113.8 115.5 117.5 119.0 153.5 153.8 154.5 155.3 74.1 75.1 76.1 76.6
3 Manufacturing (NAICS) 114.2 116.0 117.8 119.2 155.2 155.7 156.4 157.2 73.6 74.5 75.3 75.8
 
4 Durable manufacturing 128.5 131.5 133.5 135.7 180.0 181.1 182.8 184.7 71.4 72.6 73.1 73.5
5 Primary metal 86.5 88.8 88.1 90.6 113.1 113.1 112.4 111.6 76.5 78.6 78.4 81.2
 
6 Fabricated metal products 95.2 96.3 98.3 99.0 139.7 140.0 140.5 141.1 68.1 68.7 69.9 70.2
7 Machinery 88.5 92.9 96.4 98.3 127.7 127.4 127.4 127.6 69.3 72.9 75.7 77.1
8 Computer and electronic products 284.5 295.9 308.9 320.2 425.8 435.1 450.0 467.9 66.8 68.0 68.6 68.4
9 Electrical equipment, appliances, and components 95.7 97.0 99.5 102.0 126.5 126.3 126.4 126.6 75.6 76.8 78.7 80.6
10 Motor vehicles and parts 120.6 123.4 120.1 120.3 147.5 148.8 150.0 151.1 81.7 83.0 80.1 79.6
11 Aerospace and miscellaneous transportation equipment 95.6 96.7 97.6 98.9 147.7 147.6 147.7 147.8 64.7 65.5 66.1 66.9
12 Nondurable manufacturing 97.2 97.7 99.3 100.0 126.7 126.4 126.3 126.2 76.8 77.3 78.6 79.2
13 Food, beverage, and tobacco products 97.2 97.7 99.0 99.5 126.2 125.9 125.5 125.1 77.0 77.6 78.9 79.5
14 Textile and product mills 76.9 75.8 74.2 75.1 106.8 105.8 104.9 103.9 72.1 71.6 70.8 72.3
 
15 Paper 92.0 92.4 94.7 95.2 110.1 109.8 109.6 109.3 83.6 84.2 86.4 87.0
16 Petroleum and coal products 103.0 103.1 102.9 103.1 115.6 116.0 116.0 115.8 89.1 88.8 88.7 89.0
17 Chemical 107.5 108.3 111.0 112.8 144.8 145.2 145.9 146.6 74.2 74.6 76.1 77.0
18 Plastics and rubber products 103.6 104.0 106.5 105.8 128.1 127.4 127.3 127.4 80.9 81.6 83.7 83.1
19 Other manufacturing (non-NAICS) 105.9 108.2 112.3 114.1 127.0 126.6 126.4 126.3 83.4 85.5 88.9 90.4
 
20 Mining 93.6 93.2 92.6 92.1 109.7 109.7 109.8 109.8 85.3 84.9 84.4 83.9
21 Electric and gas utilities 112.4 116.5 114.4 112.5 135.2 136.3 136.9 137.1 83.1 85.5 83.6 82.1
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 401.6 426.6 450.3 465.2 599.5 617.0 646.6 682.8 67.0 69.1 69.6 68.1
 
23 Total excluding computers, communications equipment, and semiconductors 100.6 102.0 103.0 103.6 131.5 131.6 131.8 131.9 76.5 77.5 78.1 78.6
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 99.7 100.9 102.4 103.5 132.6 132.6 132.6 132.7 75.2 76.1 77.2 78.0

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 9, 2006