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Statistical Supplement | May 2006

Statistical Supplement to the Federal Reserve Bulletin, May 2006

2.12  Output, Capacity, and Capacity Utilization1
Seasonally adjusted
Series 2005 2006 2005 2006 2005 2006
Q2 Q3 Q4 Q1r Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1r
  Ouput (2002=100) Capacity (percent of 2002 output) Capacity utilization rate (percent)2
1 Total industry 107.6 108.0 109.4 110.8 134.7 135.3 135.9 136.6 79.9 79.8 80.5 81.2
 
2 Manufacturing 108.6 109.2 111.6 113.1 138.3 139.1 139.9 140.7 78.5 78.5 79.8 80.4
3 Manufacturing (NAICS) 109.0 109.7 112.2 113.8 139.6 140.4 141.3 142.2 78.1 78.1 79.4 80.1
 
4 Durable manufacturing 114.9 116.9 121.1 122.7 150.0 151.5 153.2 154.8 76.6 77.1 79.1 79.2
5 Primary metal 98.0 98.4 103.4 105.8 123.8 123.9 123.9 123.6 79.1 79.4 83.5 85.6
 
6 Fabricated metal products 105.6 106.5 108.9 110.5 142.2 142.6 143.1 143.6 74.3 74.7 76.1 77.0
7 Machinery 114.6 115.5 120.3 119.7 144.3 144.3 144.2 144.3 79.4 80.1 83.5 82.9
8 Computer and electronic products 151.8 159.6 169.4 174.0 201.2 208.6 216.6 224.4 75.4 76.5 78.2 77.5
9 Electrical equipment, appliances, and components 104.4 107.5 110.7 113.3 126.8 126.5 126.2 126.2 82.3 84.9 87.7 89.8
10 Motor vehicles and parts 109.4 112.9 112.2 112.1 138.2 139.5 141.0 142.2 79.1 80.9 79.6 78.8
11 Aerospace and miscellaneous transportation equipment 110.1 105.6 115.7 120.8 159.8 160.6 161.3 162.2 68.8 65.8 71.7 74.5
12 Nondurable manufacturing 102.0 101.2 101.8 103.5 127.3 127.3 127.2 127.3 80.1 79.5 80.0 81.3
13 Food, beverage, and tobacco products 104.0 104.4 106.0 107.7 129.3 129.4 129.5 129.8 80.4 80.7 81.9 83.0
14 Textile and product mills 90.1 92.1 91.5 90.8 120.3 119.4 118.5 117.8 74.9 77.2 77.2 77.1
 
15 Paper 97.6 96.4 98.4 98.9 115.9 115.8 115.7 115.7 84.2 83.2 85.0 85.5
16 Petroleum and coal products 106.8 102.8 99.7 103.8 113.9 114.0 114.2 114.3 93.8 90.1 87.3 90.8
17 Chemical 104.0 101.3 100.7 102.5 135.3 135.6 135.9 136.3 76.8 74.7 74.1 75.2
18 Plastics and rubber products 103.2 104.6 107.3 108.3 121.1 120.8 120.5 120.5 85.3 86.6 89.0 89.8
19 Other manufacturing (non-NAICS) 102.6 100.8 101.6 101.3 117.8 117.9 118.0 118.1 87.1 85.5 86.1 85.8
 
20 Mining 100.4 96.4 92.6 98.5 112.0 111.9 111.9 111.7 89.6 86.1 82.7 88.1
21 Electric and gas utilities 104.8 108.2 106.6 102.4 123.0 122.9 122.8 122.8 85.2 88.1 86.9 83.4
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 165.7 175.9 186.8 193.7 221.8 233.6 246.7 258.8 74.7 75.3 75.7 74.9
 
23 Total excluding computers, communications equipment, and semiconductors 104.9 105.0 106.1 107.3 130.7 130.8 131.0 131.3 80.3 80.2 81.0 81.8
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 105.4 105.6 107.6 108.9 133.5 133.8 134.0 134.4 78.9 78.9 80.3 81.0

Note. The statistics in this release cover output, capacity, and capacity utilization in the 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, or NAICS; electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS 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 its industrial output data from the SIC system to NAICS.

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 2005. The recent annual revision is described in Kimberly Bayard and Charles Gilbert (2006), "Industrial Production and Capacity Utilization: The 2005 Annual Revision," Federal Reserve Bulletin, vol. 92, pp. A39-A58.   Return to table

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

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

4. 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

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Last update: June 5, 2006