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Statistical Supplement | February 2005

Statistical Supplement to the Federal Reserve Bulletin, February 2005

2.12  Output, Capacity, and Capacity Utilization1
Seasonally adjusted
Series 2004 2004 2004
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 113.9 115.1 115.9 117.0 147.3 147.8 148.2 148.7 77.3 77.9 78.2 78.7
 
2 Manufacturing 115.1 116.8 117.9 119.2 152.2 152.6 153.1 153.6 75.6 76.5 77.0 77.6
3 Manufacturing (NAICS) 115.9 117.6 118.8 120.1 154.4 154.9 155.4 155.9 75.1 75.9 76.4 77.1
 
4 Durable manufacturing 130.2 132.1 134.0 136.0 178.1 179.1 180.1 181.1 73.1 73.8 74.4 75.1
5 Primary metal 90.0 91.0 93.6 93.7 114.9 114.6 114.3 114.0 78.4 79.4 81.9 82.2
 
6 Fabricated metal products 95.1 96.6 97.2 97.2 138.8 138.7 138.7 138.6 68.5 69.6 70.1 70.1
7 Machinery 93.3 96.0 97.7 98.6 126.0 125.9 126.0 126.1 74.1 76.3 77.5 78.3
8 Computer and electronic products 271.8 284.1 295.5 302.8 398.0 407.1 417.0 427.6 68.3 69.8 70.9 70.8
9 Electrical equipment, appliances, and components 92.4 93.4 95.9 95.8 120.5 120.1 119.7 119.3 76.7 77.8 80.1 80.3
10 Motor vehicles and parts 125.8 123.0 122.7 127.3 152.2 153.0 153.7 154.3 82.7 80.4 79.8 82.5
11 Aerospace and miscellaneous transportation equipment 98.1 99.5 100.6 102.2 154.5 154.8 155.1 155.5 63.5 64.3 64.9 65.7
12 Nondurable manufacturing 98.7 100.1 100.5 101.2 127.0 126.9 126.9 126.8 77.8 78.9 79.3 79.8
13 Food, beverage, and tobacco products 102.9 104.0 104.5 105.6 129.1 129.1 129.2 129.3 79.7 80.6 80.9 81.7
14 Textile and product mills 76.6 75.3 76.2 75.3 104.0 102.9 101.9 100.9 73.7 73.2 74.8 74.6
 
15 Paper 93.1 95.0 95.7 95.6 110.4 110.3 110.3 110.2 84.3 86.1 86.8 86.7
16 Petroleum and coal products 107.7 108.6 110.3 111.7 121.4 121.9 122.3 122.5 88.7 89.1 90.2 91.2
17 Chemical 107.6 110.2 111.0 111.9 145.8 146.0 146.4 146.7 73.8 75.4 75.9 76.3
18 Plastics and rubber products 102.9 104.7 104.2 104.4 125.9 125.6 125.3 125.0 81.7 83.4 83.2 83.5
19 Other manufacturing (non-NAICS) 101.8 103.8 104.7 104.7 119.3 119.3 119.4 119.7 85.3 87.0 87.6 87.5
 
20 Mining 92.4 91.7 91.2 90.5 105.9 105.8 105.7 105.6 87.3 86.6 86.3 85.7
21 Electric and gas utilities 115.5 114.4 113.1 115.1 133.8 134.5 135.1 135.7 86.3 85.1 83.7 84.8
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 379.2 400.4 415.2 427.2 557.5 574.5 593.8 615.3 68.0 69.7 69.9 69.4
 
23 Total excluding computers, communications equipment, and semiconductors 102.2 103.1 103.6 104.5 131.1 131.2 131.3 131.4 78.0 78.6 78.9 79.5
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 101.4 102.6 103.5 104.4 132.9 132.9 133.0 133.0 76.3 77.2 77.8 78.5

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 December 2004. The recent annual revision is described in the Winter 2005 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 6, 2006