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Statistical Supplement | April 2008

Statistical Supplement to the Federal Reserve Bulletin, April 2008

2.12  Output, Capacity, and Capacity Utilization1
Seasonally adjusted
Series 2007 2008 2007 2008 2007 2008
Q2 Q3 Q4r Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4r Q1
  Ouput (2002=100) Capacity (percent of 2002 output) Capacity utilization rate (percent)2
1 Total industry 111.1 112.1 112.2 112.2 137.2 137.9 138.5 139.1 81.0 81.3 81.0 80.6
 
2 Manufacturing 112.8 113.9 113.7 113.5 141.9 142.7 143.4 144.1 79.5 79.8 79.3 78.8
3 Manufacturing (NAICS) 113.9 115.1 115.0 114.9 143.5 144.3 145.1 145.8 79.4 79.8 79.3 78.8
 
4 Durable manufacturing 120.6 122.6 122.6 122.5 154.9 156.3 157.6 158.9 77.8 78.4 77.8 77.1
5 Primary metal 110.1 111.3 111.3 114.4 132.3 132.5 132.8 133.2 83.2 84.0 83.9 85.9
 
6 Fabricated metal products 111.7 112.9 113.3 113.6 138.3 138.8 139.3 139.7 80.8 81.3 81.3 81.3
7 Machinery 116.6 117.2 115.5 114.7 148.0 148.8 149.6 150.3 78.8 78.8 77.3 76.3
8 Computer and electronic products 178.4 186.8 195.5 200.9 234.1 242.7 251.4 259.7 76.2 77.0 77.4 77.4
9 Electrical equipment, appliances, and components 105.4 105.7 105.1 106.0 124.7 125.3 126.0 126.7 84.5 84.3 83.4 83.6
10 Motor vehicles and parts 98.4 98.9 95.6 91.8 133.6 132.7 132.0 131.7 73.7 74.6 72.4 69.7
11 Aerospace and miscellaneous transportation equipment 120.8 124.2 126.2 126.9 156.4 156.6 157.0 157.6 77.3 79.3 80.4 80.5
12 Nondurable manufacturing 106.6 107.0 106.7 106.6 131.2 131.5 131.8 132.0 81.2 81.4 81.0 80.8
13 Food, beverage, and tobacco products 110.1 111.2 110.2 110.3 135.0 135.4 135.8 136.2 81.5 82.1 81.1 81.0
14 Textile and product mills 82.7 79.1 77.4 75.3 114.2 113.3 112.4 111.5 72.4 69.9 68.9 67.5
 
15 Paper 95.9 95.5 95.6 94.4 116.0 115.9 115.7 115.6 82.7 82.5 82.6 81.7
16 Petroleum and coal products 108.1 108.4 108.5 110.6 122.3 122.2 122.1 122.1 88.4 88.7 88.9 90.6
17 Chemical 114.1 114.6 114.6 114.8 143.9 144.5 145.2 145.8 79.3 79.3 78.9 78.8
18 Plastics and rubber products 103.2 104.4 104.8 102.6 122.8 123.3 123.9 124.5 84.0 84.6 84.6 82.3
19 Other manufacturing (non-NAICS) 93.5 93.1 92.0 90.9 115.9 116.1 116.2 116.3 80.7 80.2 79.2 78.1
 
20 Mining 100.7 101.3 102.9 103.3 113.4 113.9 114.2 114.5 88.8 89.0 90.2 90.2
21 Electric and gas utilities 107.6 108.0 108.6 108.9 125.2 125.7 126.3 127.1 85.9 85.9 85.9 85.7
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 215.2 231.6 246.6 255.0 276.2 291.3 306.7 321.5 77.9 79.5 79.9 79.3
 
23 Total excluding computers, communications equipment, and semiconductors 107.0 107.5 107.3 107.1 131.8 132.1 132.4 132.7 81.1 81.4 81.0 80.7
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 107.6 108.3 107.6 107.3 135.3 135.6 135.9 136.2 79.6 79.8 79.2 78.8

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 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 on March 28, 2008. The recent annual revision will be described in an upcoming issue of the Federal Reserve Bulletin.   Return to table

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

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

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.

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Last update: June 2, 2008