FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EDT) June 15, 2007 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production was unchanged in May after a downwardly revised increase of 0.4 percent in April. Output in the manufacturing sector edged up 0.1 percent in May, and mining output moved up 0.5 percent after declining 0.6 percent in April. The output of utilities fell 1.3 percent in May after being elevated in April because of unusually cold temperatures. At 112.7 percent of its 2002 average, overall industrial production for May was 1.6 percent above its year-earlier level. The rate of capacity utilization for total industry fell 0.2 percentage point, to 81.3 percent, a level 0.3 percentage point above its 1972-2006 average. Market Groups ------------- The output of consumer goods decreased 0.2 percent in May after having risen 0.8 percent in April. The production of consumer durables edged down 0.1 percent in May, and the output of nondurables fell 0.3 percent. Within consumer durables, the output of automotive products declined 0.7 percent, as light vehicle assemblies decreased. The output indexes for the other major categories of consumer durables all increased. The output of home electronics rose 1.7 percent because of continued strength in home computers and audio and video equipment; the indexes for appliances, furniture, and carpeting and for miscellaneous goods both moved up 0.3 percent. Within consumer nondurables, the output of non-energy goods moved down 0.2 percent after a rise of 0.3 percent in April; a decrease in the production of foods and tobacco in May outweighed an increase in clothing. The output of consumer energy products dropped 0.6 percent. Residential sales by gas utilities fell, but the decrease was partly offset by an increase in the output of fuels. The output of business equipment was unchanged for a second straight month in May; gains in transit equipment and in information processing equipment were offset by a decline in industrial and other equipment. Transit equipment rose 0.7 percent and was supported by continued strength in civilian aircraft and by a rebound in the production of medium and heavy trucks, and information processing equipment rose 0.5 percent, in part because of output gains in computers produced for businesses. Industrial and other equipment contracted 0.5 percent. The production of defense and space equipment expanded 1.6 percent, as the effects of a shipyard strike that started in early March and went into April ended. The output of construction supplies advanced 0.5 percent in May after being unchanged in April. The output of business supplies edged down 0.1 percent in May because of weakness in printing and in commercial sales of gas. The production of materials was unchanged in May, as a gain in durable materials was offset by a decline in nondurable materials. Within durables, the output of equipment parts edged down 0.1 percent because of a decline in the output of semiconductors. The output of consumer parts edged down 0.1 percent because of a decrease in motor vehicle parts. The production of other durables increased 0.6 percent; the output was boosted by gains in plastic materials, nonferrous metals, and miscellaneous steel. Within nondurable materials, the production of chemical materials and of paper materials both fell, while the output of textiles rose 0.6 percent. The production of energy materials was unchanged in May after having risen 0.7 percent in April. Industry Groups --------------- Manufacturing output edged up 0.1 percent in May. However, capacity is estimated to have increased at a faster pace, and the factory operating rate declined 0.1 percentage point, to 79.9 percent. The production of durable goods edged up 0.1 percent in May after an increase of 0.5 percent in April. Increases were recorded in the indexes for nonmetallic mineral products, primary metals, computer and electronic products, and aerospace and miscellaneous transportation equipment. Decreases were recorded in the indexes for wood products; machinery; electrical equipment, appliances, and components; motor vehicles and parts; and miscellaneous manufacturing. The index for nondurable manufacturing was unchanged. The production of petroleum and coal products advanced 2.3 percent in May and reversed most of its April drop, which was caused by shutdowns at some petroleum refineries. Among other nondurables, increases were registered for apparel and leather and plastics and rubber products, but output decreased for textile product mills; food, beverage, and tobacco products; printing and related activities; and chemicals. The production of non-NAICS manufacturing (logging and publishing) moved down for a second consecutive month in May. Mining production increased 0.5 percent in May due to gains in coal and natural gas. The output of utilities slipped 1.3 percent after having risen 3.4 percent in April. Capacity utilization for industries at the crude stage of processing moved down 0.2 percentage point, to 88.7 percent, in May. Capacity utilization for industries at the primary and semifinished stages also moved down 0.2 percentage point, to 81.8 percent, and capacity utilization for industries at the finished stage edged down 0.1 percentage point, to 78.4 percent. Notice: This release includes the semiannual update to the capacity estimates for 2007. The estimated rate of increase in total industrial capacity from the fourth quarter of 2006 to the fourth quarter of 2007 is 1.8 percent, a downward revision of 0.3 percentage point from the initial estimate in mid-February; the rate of change for manufacturing capacity was revised down by a similar amount. INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- | 2002=100 | Percent change | ----------------------------------------------- | ------------------------------------------------- | 2007 | 2007 | May '06 to Industrial production | Feb. Mar. Apr. May | Feb. Mar. Apr. May | May '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 112.5 112.2 112.7 112.7 | .8 -.3 .4 .0 | 1.6 Previous estimates | 112.6 112.2 113.0 | .8 -.3 .7 | | | | Major market groups | | | Final Products | 114.2 113.5 114.2 114.0 | 1.3 -.6 .6 -.1 | 2.8 Consumer goods | 109.4 108.3 109.2 108.9 | 1.9 -1.0 .8 -.2 | 2.4 Business equipment | 129.2 130.5 130.5 130.6 | .3 1.0 .0 .0 | 4.6 Nonindustrial supplies | 110.2 109.7 109.9 110.0 | .2 -.4 .1 .1 | -.3 Construction | 106.8 107.9 107.9 108.4 | -1.5 1.0 .0 .5 | -2.5 Materials | 111.8 111.9 112.4 112.4 | .4 .1 .4 .0 | 1.2 | | | Major industry groups | | | Manufacturing (see note below) | 113.6 114.4 114.6 114.7 | -.1 .6 .2 .1 | 1.9 Previous estimates | 113.8 114.4 115.0 | .0 .6 .5 | Mining | 100.0 100.9 100.3 100.7 | -.1 .9 -.6 .5 | .1 Utilities | 114.1 104.7 108.2 106.9 | 8.6 -8.3 3.4 -1.3 | 1.1 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1994-95 2001-02 2006 | 2007 | May '06 to Capacity utilization | 1972-2006 High Low May | Feb. Mar. Apr. May | May '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.0 85.1 73.6 81.7 | 81.6 81.2 81.5 81.3 | 2.1 Previous estimates | | 81.6 81.2 81.6 | | | | Manufacturing (see note below) | 79.8 84.6 71.6 80.3 | 79.6 80.0 80.0 79.9 | 2.4 Previous estimates | | 79.7 80.0 80.2 | Mining | 87.4 88.9 84.8 91.2 | 89.9 90.6 90.0 90.5 | .8 Utilities | 86.7 93.7 83.8 85.5 | 90.7 83.1 85.8 84.7 | 2.2 | | | Stage-of-process groups | | | Crude | 86.5 89.5 82.0 88.9 | 88.9 89.5 88.9 88.7 | .5 Primary and semifinished | 82.2 88.2 74.6 83.6 | 82.7 81.7 82.0 81.8 | 2.8 Finished | 77.8 80.5 70.0 77.2 | 77.9 78.1 78.5 78.4 | 2.0 -------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. 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 (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing 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. Table 1 Industrial Production: Market and Industry Group Summary Percent change, seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Fourth quarter to | | | | | | fourth quarter | Annual rate | Monthly rate | | | |---------------------|----------------------------|----------------------------| May '06 | | 2006 | | 2006 2007 | 2007 | to Item | NAICS |Proportion<1>| 2004 2005 2006 | Q2 Q3 Q4 Q1 r | Feb. Mar. Apr. May | May '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 3.0 3.2 3.5 | 6.5 4.0 -1.5 .8 | .8 -.3 .4 .0 | 1.6 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 57.43 | 2.6 4.8 2.6 | 5.7 3.9 -.3 1.1 | 1.0 -.5 .5 -.1 | 2.0 Consumer goods | | 29.36 | 1.8 2.7 1.1 | 3.0 2.6 -.1 3.0 | 1.9 -1.0 .8 -.2 | 2.4 Durable | | 7.16 | -.2 2.3 -2.5 | 1.0 -4.6 -4.0 -.9 | 1.5 .4 1.6 -.1 | .6 Automotive products | | 3.33 | -3.2 -1.8 -4.6 | -1.8 -10.1 -3.4 .0 | 3.7 .6 2.7 -.7 | 1.5 Home electronics | | .36 | 14.2 16.8 13.1 | 44.2 -9.7 8.1 40.7 | 6.2 -2.6 3.9 1.7 | 15.8 Appliances, furniture, carpeting | | 1.23 | 2.2 3.1 -4.7 | -1.6 -5.1 -8.4 -8.2 | -1.0 .3 .1 .3 | -5.4 Miscellaneous goods | | 2.24 | 2.1 6.4 -.6 | .4 5.6 -4.4 -4.1 | -1.0 .6 .4 .3 | .2 Nondurable | | 22.19 | 2.6 2.9 2.2 | 3.7 5.0 1.2 4.3 | 2.0 -1.5 .5 -.3 | 3.0 Non-energy | | 16.90 | 2.2 3.4 2.7 | 2.9 3.0 4.4 2.0 | -.2 .3 .3 -.2 | 3.0 Foods and tobacco | | 9.18 | 2.3 4.8 2.2 | .2 1.3 7.0 4.3 | -.1 .6 .0 -.4 | 3.3 Clothing | | .59 | -10.5 -.3 .7 | 5.3 -1.4 -2.6 1.4 | -1.0 -1.0 .7 .4 | -.4 Chemical products | | 4.83 | 3.8 .9 3.8 | 6.6 7.8 -1.4 -2.6 | -.8 -.7 1.2 .0 | 2.1 Paper products | | 1.79 | 3.2 2.2 3.3 | 5.7 .6 9.8 2.1 | 1.3 .7 -.3 .0 | 4.2 Energy | | 5.29 | 3.7 1.7 .7 | 6.1 10.9 -8.0 12.2 | 9.1 -6.8 1.2 -.6 | 2.7 | | | | | | Business equipment | | 9.95 | 5.3 11.2 9.7 | 17.2 10.4 5.0 -1.4 | .3 1.0 .0 .0 | 4.6 Transit | | 2.03 | 6.0 20.5 16.9 | 12.5 10.1 11.2 -1.4 | .0 .0 -.1 .7 | 6.1 Information processing | | 2.78 | 7.2 13.7 10.1 | 29.8 8.0 7.7 9.3 | 1.2 .9 .2 .5 | 7.9 Industrial and other | | 5.14 | 3.9 6.7 6.9 | 12.4 11.9 1.2 -7.0 | -.2 1.5 .0 -.5 | 2.3 Defense and space equipment | | 1.75 | 2.5 3.8 2.3 | 3.8 5.6 -3.1 -1.2 | -.8 -2.7 1.1 1.6 | 1.1 | | | | | | Construction supplies | | 4.55 | 1.6 8.0 -2.1 | .6 -.9 -8.9 -2.9 | -1.5 1.0 .0 .5 | -2.5 Business supplies | | 11.02 | 2.9 3.4 2.4 | 5.0 3.3 -1.0 .0 | .8 -.9 .2 -.1 | .6 | | | | | | Materials | | 42.57 | 3.4 1.1 4.7 | 7.6 4.3 -3.1 .5 | .4 .1 .4 .0 | 1.2 Non-energy | | 30.80 | 4.8 3.5 4.5 | 7.0 4.9 -4.0 .4 | .0 .8 .3 .0 | 1.4 Durable | | 19.15 | 5.4 7.0 5.6 | 10.3 6.6 -3.9 .1 | -.3 1.0 .5 .2 | 2.2 Consumer parts | | 3.30 | .2 1.7 -3.2 | 4.7 -8.3 -9.8 -2.0 | .3 1.2 .3 -.1 | -3.0 Equipment parts | | 6.64 | 9.4 16.0 19.4 | 20.6 27.9 10.3 -2.0 | -.7 .6 .3 -.1 | 9.1 Other | | 9.21 | 4.5 2.7 -.7 | 5.1 -1.9 -11.6 2.5 | -.3 1.2 .8 .6 | -.9 Nondurable | | 11.64 | 3.8 -2.1 2.6 | 1.7 2.3 -4.2 .9 | .6 .6 .0 -.3 | .1 Textile | | .60 | -3.4 .2 -7.3 | -7.8 -4.2 -13.3 -9.9 | .3 -.5 .4 .6 | -6.1 Paper | | 2.30 | 3.9 -.2 2.5 | .3 3.8 2.8 -3.9 | .9 -.3 -.8 -1.1 | -.9 Chemical | | 5.49 | 7.7 -6.5 4.7 | 4.4 4.7 -10.2 7.4 | 1.1 1.1 -.5 -.3 | .4 Energy | | 11.77 | -.2 -4.2 5.4 | 9.1 2.5 -.7 .5 | 1.4 -1.7 .7 .0 | .6 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 81.86 | 3.4 4.4 3.4 | 5.5 4.4 -1.7 .7 | -.1 .6 .2 .1 | 1.9 Manufacturing (NAICS) | 31-33 | 77.70 | 3.5 4.6 3.6 | 5.7 4.8 -2.1 .9 | -.1 .6 .2 .1 | 2.0 | | | | | | Durable manufacturing | | 41.46 | 3.7 7.9 4.7 | 9.4 5.5 -1.5 -.5 | .1 .8 .5 .1 | 2.4 Wood products | 321 | 1.39 | 1.8 10.5 -14.5 | -10.8 -11.8 -25.5 -6.9 | -.8 -.7 .7 -.2 | -12.2 Nonmetallic mineral products | 327 | 2.43 | 3.8 5.8 -1.9 | -2.1 -5.2 -9.3 -5.4 | -3.0 1.6 -.2 .5 | -4.1 Primary metal | 331 | 3.25 | 7.4 -2.3 -3.5 | 14.7 -6.8 -28.2 10.4 | .4 1.4 2.0 1.5 | -3.6 Fabricated metal products | 332 | 5.63 | 1.6 6.1 3.8 | 5.8 5.3 -1.4 -.2 | .5 .7 .1 .0 | 2.2 Machinery | 333 | 5.12 | 5.0 8.2 5.3 | 8.6 19.9 -3.1 -9.4 | -.9 2.3 -1.2 -.5 | 1.6 Computer and electronic products | 334 | 7.51 | 10.2 18.3 18.3 | 27.4 20.6 14.6 3.0 | .1 .4 .6 .4 | 10.9 Electrical equipment, appliances, | | | | | | and components | 335 | 2.03 | 2.0 3.8 2.4 | 6.5 1.9 -3.3 5.4 | .9 .4 1.3 -.9 | 1.5 Motor vehicles and parts | 3361-3 | 5.54 | -1.6 .2 -3.8 | .0 -9.8 -4.0 -7.7 | 2.4 .5 1.4 -.5 | -2.3 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 3.76 | 2.0 15.0 14.7 | 14.8 12.4 9.0 10.2 | .2 -.7 .8 .9 | 9.5 Furniture and related products | 337 | 1.57 | 3.5 1.7 -1.2 | 6.9 -3.2 -6.9 -8.6 | -1.1 .3 -.6 .0 | -5.8 Miscellaneous | 339 | 3.22 | 2.2 8.7 4.8 | 4.9 5.8 7.9 1.6 | -.7 1.8 1.0 -.1 | 6.0 | | | | | | Nondurable manufacturing | | 36.24 | 3.2 .9 2.3 | 1.7 4.1 -2.9 2.5 | -.3 .5 -.1 .0 | 1.4 Food, beverage, and tobacco products | 311,2 | 10.80 | 1.2 5.3 2.6 | .3 1.1 7.4 3.9 | -.1 .7 .2 -.3 | 3.8 Textile and product mills | 313,4 | 1.05 | -.7 2.0 -7.7 | -6.7 -5.5 -14.6 -8.4 | -.2 -.9 .2 -.1 | -7.7 Apparel and leather | 315,6 | .64 | -9.6 .4 -.1 | 4.1 -1.4 -3.9 .3 | -1.0 -.9 .6 .5 | -1.0 Paper | 322 | 2.61 | 3.0 -.1 -.1 | -2.0 2.1 -.4 -6.0 | 1.1 -.3 -.6 -.6 | -1.8 Printing and support | 323 | 2.05 | 1.9 1.9 5.2 | 5.6 -1.5 8.4 3.1 | .4 -.3 -.6 -1.1 | 1.1 Petroleum and coal products | 324 | 3.83 | 10.0 -3.6 2.6 | -4.4 17.4 -13.4 8.8 | -2.7 1.6 -2.9 2.3 | 1.8 Chemical | 325 | 11.81 | 6.1 -2.5 3.8 | 5.1 5.7 -7.5 1.0 | .2 .1 .2 -.2 | .2 Plastics and rubber products | 326 | 3.46 | .8 3.0 .2 | 5.5 1.9 -8.9 6.5 | -.7 1.4 1.4 .8 | 3.2 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 2.6 .6 .2 | 1.5 -3.9 7.5 -1.9 | .2 .5 -.4 -.5 | .2 | | | | | | Mining | 21 | 8.58 | -.8 -5.5 8.0 | 7.9 .6 3.0 -3.9 | -.1 .9 -.6 .5 | .1 Utilities | 2211,2 | 9.55 | 1.6 2.1 .3 | 14.3 4.6 -3.6 6.1 | 8.6 -8.3 3.4 -1.3 | 1.1 Electric | 2211 | 8.04 | 2.2 3.4 .0 | 11.5 1.7 -2.9 4.9 | 5.6 -6.4 2.0 .2 | .7 Natural gas | 2212 | 1.51 | -1.4 -3.4 1.9 | 28.8 19.9 -7.3 13.3 | 25.5 -17.1 10.7 -8.6 | 2.9 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> The proportion data are estimates of the relative contribution of each series to the growth of total industrial production in the following year. Note. Under industry groups, the figures to the right of the series descriptions are 2002 North American Industry Classification System (NAICS) codes. The abbreviation pt denotes part of a NAICS code. Additional industry detail is available on the Board's web site (www.federalreserve.gov/releases/G17). Under market groups, in the products category, miscellaneous consumer nondurables, oil and gas drilling, and manufactured homes are not shown separately; in the nondurable materials category, containers and miscellaneous nondurable materials are not shown separately. Table 2 Industrial Production: Special Aggregates and Selected Detail Percent change, seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Fourth quarter to | | | | | | fourth quarter | Annual rate | Monthly rate | | | |---------------------|----------------------------|----------------------------| May '06 | | 2006 | | 2006 2007 | 2007 | to Item | NAICS | Proportion| 2004 2005 2006 | Q2 Q3 Q4 Q1 r | Feb. Mar. Apr. May | May '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 3.0 3.2 3.5 | 6.5 4.0 -1.5 .8 | .8 -.3 .4 .0 | 1.6 | | | | | | Energy | | 20.53 | 1.5 -1.8 4.0 | 8.7 5.8 -2.8 3.7 | 3.6 -3.6 .8 -.1 | 1.1 Consumer products | | 5.29 | 3.7 1.7 .7 | 6.1 10.9 -8.0 12.2 | 9.1 -6.8 1.2 -.6 | 2.7 Commercial products | | 2.74 | 4.5 .5 2.3 | 6.9 8.7 -2.5 .4 | 3.4 -5.9 1.1 .5 | .2 Oil and gas well drilling | 213111 | .72 | 8.3 11.8 14.7 | 31.6 11.8 .5 8.6 | .6 -.4 -1.4 -1.3 | 2.2 Converted fuel | | 3.79 | 2.1 -2.5 2.2 | 18.1 6.7 -8.9 4.4 | 5.7 -5.1 2.4 -1.2 | -.5 Primary materials | | 7.98 | -1.3 -4.9 6.8 | 5.3 .8 3.4 -1.3 | -.6 .0 -.2 .5 | 1.1 | | | | | | Non-energy | | 79.47 | 3.3 4.6 3.3 | 5.9 3.5 -1.1 .1 | .0 .6 .3 .0 | 1.8 Selected high-technology industries | | 4.84 | 10.4 28.1 24.6 | 33.7 27.3 24.7 9.1 | .2 1.2 .8 .3 | 17.0 Computers and peripheral equipment | 3341 | 1.20 | 6.6 30.4 12.1 | 48.2 2.3 24.4 32.8 | 3.1 1.9 1.0 1.4 | 17.9 Communications equipment | 3342 | 1.06 | 6.2 12.9 14.8 | 38.8 6.6 9.6 27.7 | 2.5 2.2 -.1 .4 | 13.3 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.58 | 13.7 33.8 34.8 | 25.7 51.3 31.1 -7.0 | -2.1 .5 1.2 -.3 | 17.7 | | | | | | Excluding selected high-technology | | | | | | industries | | 74.63 | 2.8 3.1 1.9 | 4.2 2.0 -2.7 -.5 | .0 .6 .3 .0 | .7 | | | | | | Motor vehicles and parts | 3361-3 | 5.54 | -1.6 .2 -3.8 | .0 -9.8 -4.0 -7.7 | 2.4 .5 1.4 -.5 | -2.3 Motor vehicles | 3361 | 2.41 | -3.0 -2.5 -6.0 | -2.0 -16.9 -5.2 -10.6 | 5.4 .1 3.0 -.9 | -3.0 Motor vehicle parts | 3363 | 2.72 | -1.1 1.3 -.2 | 7.1 -3.5 -3.4 -4.0 | .4 1.0 .4 .0 | -.7 | | | | | | Excluding motor vehicles and parts | | 69.09 | 3.2 3.4 2.4 | 4.5 3.1 -2.6 .1 | -.2 .6 .2 .0 | 1.0 Consumer goods | | 20.91 | 2.4 3.6 1.8 | 2.6 2.7 2.0 .9 | -.3 .2 .4 -.1 | 2.1 Business equipment | | 7.81 | 4.4 8.9 10.2 | 14.6 13.0 4.0 -3.4 | -.1 1.1 .1 -.1 | 4.5 Construction supplies | | 4.52 | 1.5 8.0 -2.2 | .3 -1.0 -9.1 -3.1 | -1.5 1.0 .0 .5 | -2.6 Business supplies | | 7.93 | 2.1 3.1 1.0 | 3.1 -.3 -1.8 .1 | .0 .8 -.2 -.3 | .0 Materials | | 26.14 | 4.4 .7 2.3 | 4.8 2.3 -7.0 1.3 | .1 .8 .2 .0 | .1 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.16 | 2.5 1.9 2.4 | 5.2 2.9 -2.7 .4 | .8 -.3 .4 -.1 | .8 Manufacturing<1> | | 77.02 | 3.0 2.9 2.0 | 3.8 3.0 -3.3 .2 | -.1 .6 .2 .0 | .9 Durable | | 36.79 | 2.8 5.2 2.0 | 6.2 2.5 -4.7 -1.7 | .1 .7 .5 .1 | .5 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.46 | 3.3 3.4 3.9 | 6.9 4.9 -1.3 1.3 | .7 -.3 .4 .0 | 1.9 Manufacturing<1> | | 76.32 | 3.9 4.7 3.9 | 5.9 5.5 -1.5 1.4 | -.2 .6 .1 .1 | 2.2 Durable | | 36.09 | 4.8 9.3 6.0 | 10.9 7.9 -1.0 .7 | -.2 .8 .4 .2 | 3.2 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 89.62 | 2.9 2.1 2.8 | 5.5 3.7 -2.7 .9 | .7 -.4 .4 .0 | 1.0 Manufacturing<1> | | 71.48 | 3.4 3.1 2.5 | 4.1 4.0 -3.2 .8 | -.3 .6 .1 .1 | 1.2 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 12.85 | 5.2 8.3 9.0 | 11.2 11.9 2.6 -2.7 | -.2 .5 .1 -.3 | 3.5 Primary and semifinished processors | | 17.95 | 4.4 -.1 1.3 | 3.9 .1 -8.6 2.8 | .2 1.0 .5 .2 | -.1 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> See note on cover page. Table 3 Motor Vehicle Assemblies Millions of units, seasonally adjusted annual rate ------------------------------------------------------------------------------------------------------------------------------- | 2006 | 2006 2007 | 2007 Item | Average| Q2 Q3 Q4 Q1 | Feb. Mar. Apr. May ------------------------------------------------------------------------------------------------------------------------------- Total | 11.26 | 11.56 10.98 10.96 10.57 | 10.75 10.70 11.02 10.95 Autos | 4.37 | 4.35 4.28 4.38 3.97 | 3.95 3.82 3.84 3.72 Trucks | 6.89 | 7.21 6.69 6.57 6.61 | 6.81 6.88 7.18 7.23 Light | 6.43 | 6.76 6.21 6.13 6.25 | 6.44 6.55 6.91 6.89 Medium and heavy | .46 | .45 .49 .45 .36 | .36 .33 .27 .34 | | | Memo: | | | Autos and light trucks | 10.80 | 11.11 10.49 10.51 10.22 | 10.39 10.37 10.76 10.61 ------------------------------------------------------------------------------------------------------------------------------- Note. Seasonal factors and underlying data for auto, light truck, and medium and heavy truck production are available on the Board's web site, www.federalreserve.gov/releases/G17/mvsf.htm Table 4 Industrial Production Indexes: Market and Industry Group Summary 2002 = 100, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2006 | 2006 2007 Item | NAICS | Proportion| Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 112.2 112.0 111.5 112.2 111.7 112.5 112.2 112.7 112.7 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 57.43 | 112.2 112.0 111.9 112.6 111.9 113.1 112.5 113.0 112.9 Consumer goods | | 29.36 | 107.6 107.3 107.6 107.8 107.4 109.4 108.3 109.2 108.9 Durable | | 7.16 | 105.4 102.8 104.4 106.2 103.1 104.6 105.0 106.7 106.6 Automotive products | | 3.33 | 98.4 94.5 98.2 100.6 95.2 98.7 99.3 102.0 101.3 Home electronics | | .36 | 174.1 171.1 173.1 180.7 184.6 196.0 191.0 198.4 201.8 Appliances, furniture, carpeting | | 1.23 | 103.4 102.0 101.9 102.2 100.5 99.5 99.8 99.9 100.2 Miscellaneous goods | | 2.24 | 109.2 108.3 107.5 108.4 107.4 106.3 107.0 107.4 107.7 Nondurable | | 22.19 | 108.2 108.7 108.5 108.2 108.7 110.9 109.2 109.8 109.5 Non-energy | | 16.90 | 108.3 108.7 108.8 109.8 109.7 109.5 109.8 110.1 109.9 Foods and tobacco | | 9.18 | 109.8 110.2 111.2 111.8 112.1 111.9 112.7 112.6 112.2 Clothing | | .59 | 79.1 80.0 79.1 78.9 80.4 79.6 78.8 79.3 79.6 Chemical products | | 4.83 | 112.1 111.6 110.4 112.9 111.8 110.9 110.1 111.4 111.4 Paper products | | 1.79 | 102.0 104.7 103.9 103.3 103.3 104.7 105.4 105.1 105.1 Energy | | 5.29 | 108.4 109.0 107.8 103.7 106.1 115.8 107.9 109.2 108.6 | | | Business equipment | | 9.95 | 128.5 128.4 129.5 132.1 128.8 129.2 130.5 130.5 130.6 Transit | | 2.03 | 140.7 141.1 146.0 146.8 144.2 144.1 144.1 143.9 145.0 Information processing | | 2.78 | 140.8 141.9 142.5 144.0 144.4 146.2 147.5 147.7 148.4 Industrial and other | | 5.14 | 117.8 116.9 117.0 120.7 115.6 115.4 117.2 117.2 116.6 Defense and space equipment | | 1.75 | 113.6 113.3 112.0 112.5 113.9 113.0 109.9 111.1 113.0 | | | Construction supplies | | 4.55 | 110.3 108.4 107.4 109.7 108.4 106.8 107.9 107.9 108.4 Business supplies | | 11.02 | 110.8 111.9 110.5 110.3 110.6 111.5 110.5 110.7 110.6 | | | Materials | | 42.57 | 112.2 112.0 111.0 111.7 111.3 111.8 111.9 112.4 112.4 Non-energy | | 30.80 | 117.4 116.4 115.4 116.6 115.9 116.0 116.9 117.3 117.3 Durable | | 19.15 | 125.9 124.9 123.7 124.7 124.4 123.9 125.1 125.8 126.1 Consumer parts | | 3.30 | 100.0 97.5 97.6 98.5 96.8 97.1 98.2 98.5 98.4 Equipment parts | | 6.64 | 168.5 169.6 170.0 170.8 169.8 168.6 169.5 170.0 169.8 Other | | 9.21 | 110.1 108.6 106.1 107.3 107.8 107.5 108.8 109.6 110.3 Nondurable | | 11.64 | 104.5 103.7 102.9 104.2 103.2 103.9 104.4 104.4 104.0 Textile | | .60 | 84.8 83.8 82.6 83.3 81.1 81.3 80.9 81.2 81.7 Paper | | 2.30 | 101.4 100.9 100.7 103.2 100.1 101.0 100.7 99.9 98.8 Chemical | | 5.49 | 110.5 108.5 107.3 108.7 108.9 110.1 111.3 110.8 110.4 Energy | | 11.77 | 100.0 101.3 100.6 100.2 100.5 101.9 100.1 100.8 100.8 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 81.86 | 114.3 113.4 113.2 114.4 113.7 113.6 114.4 114.6 114.7 Manufacturing (NAICS) | 31-33 | 77.70 | 115.3 114.3 114.1 115.4 114.7 114.6 115.3 115.6 115.7 | | | Durable manufacturing | | 41.46 | 122.2 121.2 121.3 122.7 121.2 121.3 122.3 122.9 123.0 Wood products | 321 | 1.39 | 104.8 100.4 98.0 100.3 98.5 97.7 97.1 97.7 97.5 Nonmetallic mineral products | 327 | 2.43 | 110.6 109.1 109.1 111.0 109.8 106.5 108.3 108.1 108.6 Primary metal | 331 | 3.25 | 112.8 109.2 103.8 102.7 107.1 107.6 109.0 111.2 112.8 Fabricated metal products | 332 | 5.63 | 110.5 110.5 109.7 109.8 109.3 109.8 110.7 110.8 110.8 Machinery | 333 | 5.12 | 120.6 118.1 117.6 122.6 116.4 115.3 117.9 116.5 115.9 Computer and electronic products | 334 | 7.51 | 177.2 179.3 180.0 181.7 181.3 181.5 182.2 183.3 184.0 Electrical equipment, appliances, | | | and components | 335 | 2.03 | 105.1 105.5 105.1 107.1 106.5 107.4 107.9 109.3 108.3 Motor vehicles and parts | 3361-3 | 5.54 | 100.9 97.3 100.7 102.4 96.4 98.7 99.2 100.6 100.2 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 3.76 | 125.2 126.3 127.7 128.3 130.7 131.0 130.1 131.2 132.4 Furniture and related products | 337 | 1.57 | 104.7 104.2 103.4 102.7 101.8 100.7 101.0 100.3 100.3 Miscellaneous | 339 | 3.22 | 118.0 118.8 120.0 121.0 120.2 119.4 121.6 122.9 122.7 | | | Nondurable manufacturing | | 36.24 | 107.8 106.7 106.2 107.4 107.5 107.2 107.7 107.6 107.6 Food, beverage, and tobacco products | 311,2 | 10.80 | 110.1 110.6 111.5 112.2 112.3 112.2 113.0 113.2 112.8 Textile and product mills | 313,4 | 1.05 | 91.3 89.8 88.6 88.6 87.4 87.3 86.5 86.7 86.6 Apparel and leather | 315,6 | .64 | 80.2 80.9 80.0 79.7 81.1 80.3 79.6 80.0 80.4 Paper | 322 | 2.61 | 99.3 98.3 97.9 99.5 96.4 97.5 97.2 96.7 96.1 Printing and support | 323 | 2.05 | 103.1 104.1 104.3 106.3 105.6 106.0 105.6 105.0 103.8 Petroleum and coal products | 324 | 3.83 | 115.3 110.4 108.5 108.9 113.0 110.0 111.7 108.4 110.9 Chemical | 325 | 11.81 | 111.7 110.1 108.8 110.5 109.9 110.1 110.2 110.5 110.3 Plastics and rubber products | 326 | 3.46 | 106.1 104.4 103.9 105.6 106.3 105.5 107.0 108.4 109.3 | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 97.2 99.6 99.4 98.7 98.4 98.6 99.1 98.7 98.3 | | | Mining | 21 | 8.58 | 101.0 100.9 100.7 102.5 100.2 100.0 100.9 100.3 100.7 Utilities | 2211,2 | 9.55 | 104.5 109.8 106.8 102.5 105.1 114.1 104.7 108.2 106.9 Electric | 2211 | 8.04 | 105.5 110.6 108.8 105.8 108.1 114.1 106.8 109.0 109.2 Natural gas | 2212 | 1.51 | 100.0 106.0 97.6 87.0 91.0 114.2 94.7 104.7 95.7 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 1. Table 5 Industrial Production Indexes: Special Aggregates 2002 = 100, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2006 | 2006 2007 Item | NAICS | Proportion| Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 112.2 112.0 111.5 112.2 111.7 112.5 112.2 112.7 112.7 | | | Energy | | 20.53 | 104.9 106.4 104.9 103.3 104.6 108.4 104.5 105.3 105.2 Consumer products | | 5.29 | 108.4 109.0 107.8 103.7 106.1 115.8 107.9 109.2 108.6 Commercial products | | 2.74 | 114.0 118.5 113.0 110.0 113.7 117.6 110.7 111.9 112.5 Oil and gas well drilling | 213111 | .72 | 171.6 170.6 167.7 170.3 172.6 173.7 173.0 170.6 168.4 Converted fuel | | 3.79 | 102.4 104.9 102.9 101.3 102.1 108.0 102.4 104.8 103.6 Primary materials | | 7.98 | 98.7 99.5 99.3 99.5 99.5 98.9 98.9 98.8 99.3 | | | Non-energy | | 79.47 | 114.1 113.5 113.3 114.6 113.6 113.6 114.3 114.7 114.7 Selected high-technology industries | | 4.84 | 210.7 214.4 216.2 218.6 219.9 220.4 223.1 225.0 225.7 Computers and peripheral equipment | 3341 | 1.20 | 158.3 161.4 163.7 166.6 171.3 176.6 179.8 181.6 184.1 Communications equipment | 3342 | 1.06 | 154.2 152.9 155.0 157.8 161.1 165.1 168.8 168.6 169.2 Semiconductors and related | | | electronic components | 334412-9 | 2.58 | 271.2 278.4 279.4 281.0 278.0 272.2 273.5 276.8 275.9 | | | Excluding selected high-technology | | | industries | | 74.63 | 109.1 108.3 108.1 109.4 108.2 108.3 108.9 109.2 109.2 | | | Motor vehicles and parts | 3361-3 | 5.54 | 100.9 97.3 100.7 102.4 96.4 98.7 99.2 100.6 100.2 Motor vehicles | 3361 | 2.41 | 99.3 93.8 99.7 102.2 92.4 97.5 97.6 100.5 99.6 Motor vehicle parts | 3363 | 2.72 | 100.2 98.1 99.5 100.4 97.7 98.1 99.1 99.6 99.6 | | | Excluding motor vehicles and parts | | 69.09 | 109.8 109.3 108.7 110.0 109.3 109.1 109.7 110.0 110.0 Consumer goods | | 20.91 | 108.4 108.4 108.4 109.4 109.1 108.8 109.0 109.4 109.3 Business equipment | | 7.81 | 122.2 122.3 123.0 125.6 122.2 122.0 123.4 123.6 123.5 Construction supplies | | 4.52 | 109.8 107.9 106.8 109.2 107.9 106.2 107.2 107.3 107.8 Business supplies | | 7.93 | 105.7 105.6 105.4 106.1 105.4 105.4 106.3 106.1 105.7 Materials | | 26.14 | 109.0 107.9 106.5 107.6 107.3 107.5 108.3 108.6 108.6 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.16 | 108.2 107.9 107.4 108.0 107.4 108.3 107.9 108.3 108.3 Manufacturing<1> | | 77.02 | 109.4 108.4 108.2 109.3 108.5 108.4 109.1 109.3 109.3 Durable | | 36.79 | 112.6 111.2 111.2 112.6 110.9 111.0 111.8 112.3 112.4 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.46 | 112.9 113.0 112.2 112.9 112.7 113.4 113.1 113.5 113.5 Manufacturing<1> | | 76.32 | 115.4 114.8 114.3 115.4 115.1 114.9 115.6 115.8 115.9 Durable | | 36.09 | 126.1 125.5 125.0 126.5 125.8 125.5 126.5 127.0 127.3 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 89.62 | 108.6 108.6 107.8 108.4 108.1 108.9 108.4 108.8 108.8 Manufacturing<1> | | 71.48 | 110.1 109.3 108.8 109.9 109.5 109.2 109.9 110.0 110.1 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 12.85 | 129.4 128.8 128.9 130.1 128.3 128.1 128.8 128.9 128.6 Primary and semifinished processors | | 17.95 | 108.7 107.5 105.8 106.9 107.0 107.2 108.3 108.8 109.0 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 2. <1> See note on cover page. Table 6 Diffusion Indexes of Industrial Production Percent ------------------------------------------------------------------------------------------------------- Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. ------------------------------------------------------------------------------------------------------- One Month Earlier 2005 54.8 50.5 52.1 52.5 56.4 56.1 56.8 51.2 61.1 58.4 58.4 52.1 2006 63.4 48.2 58.7 60.4 50.2 61.1 59.4 51.2 46.5 41.6 43.2 59.4 2007 46.9 53.6 59.7 56.4 Three Months Earlier 2005 58.7 61.4 54.8 53.1 57.8 60.1 57.8 57.8 56.8 56.1 56.4 57.8 2006 61.4 56.8 63.0 59.7 56.1 61.1 58.1 57.4 52.5 43.2 36.6 45.5 2007 45.2 53.5 49.8 59.4 Six Months Earlier 2005 58.7 57.4 59.7 58.1 62.7 59.1 61.1 55.8 62.4 63.0 59.4 56.4 2006 59.1 57.4 64.0 63.0 62.0 64.0 61.4 64.4 59.4 47.5 44.2 46.9 2007 36.3 42.2 42.2 52.1 ------------------------------------------------------------------------------------------------------- Note: The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one-half the percentage that were unchanged. Table 7 Capacity Utilization Percent of capacity, seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | 1972- 1988- 1994- 2001-| | | | 2006 | 2006 89 95 02| 2006 2007 | 2007 Item | NAICS | Proportion| Ave. High High Low| Q2 Q3 Q4 Q1 r | Feb. Mar. Apr. May -------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.0 85.1 73.6 | 82.0 82.3 81.5 81.3 | 81.6 81.2 81.5 81.3 | | | | | Manufacturing<1> | | 82.52 | 79.8 85.4 84.6 71.6 | 80.6 80.9 80.1 79.8 | 79.6 80.0 80.0 79.9 Manufacturing (NAICS) | 31-33 | 78.53 | 79.6 85.3 84.7 71.0 | 80.4 80.8 79.9 79.6 | 79.4 79.8 79.8 79.7 | | | | | Durable manufacturing | | 42.55 | 78.0 84.5 84.2 68.1 | 79.3 79.5 78.5 77.7 | 77.5 77.9 78.1 77.9 Wood products | 321 | 1.41 | 80.2 88.2 87.7 71.0 | 83.3 80.4 74.3 72.8 | 72.8 72.3 72.8 72.6 Nonmetallic mineral products | 327 | 2.34 | 79.5 85.1 84.1 75.8 | 84.1 82.3 79.6 78.0 | 76.8 78.0 77.7 78.0 Primary metal | 331 | 2.86 | 80.8 93.8 95.6 68.5 | 89.9 88.8 82.2 84.5 | 84.2 85.4 87.0 88.2 Fabricated metal products | 332 | 5.63 | 77.3 81.6 85.1 69.2 | 79.9 80.7 80.2 79.9 | 79.8 80.3 80.3 80.2 Machinery | 333 | 5.14 | 78.7 85.2 87.6 63.7 | 79.0 82.1 80.9 78.4 | 77.6 79.2 78.1 77.6 Computer and electronic products | 334 | 8.43 | 78.3 81.4 84.3 58.6 | 76.1 77.2 77.3 75.3 | 75.3 74.7 74.3 73.8 Electrical equip., appliances, | | | | | and components | 335 | 1.90 | 83.2 89.1 93.1 71.8 | 85.3 85.4 84.3 85.0 | 85.2 85.4 86.4 85.6 Motor vehicles and parts | 3361-3 | 5.92 | 77.5 89.7 89.0 68.9 | 77.8 75.6 74.7 73.5 | 74.0 74.6 75.9 75.8 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 3.96 | 72.5 87.1 68.5 62.8 | 75.8 77.6 78.8 80.2 | 80.5 79.8 80.3 80.9 Furniture and related products | 337 | 1.61 | 78.5 82.2 82.9 67.8 | 80.0 79.5 78.3 76.6 | 76.2 76.5 76.0 75.9 Miscellaneous | 339 | 3.36 | 76.7 82.5 81.3 70.6 | 77.7 78.1 78.8 78.3 | 77.6 78.8 79.3 78.9 | | | | | Nondurable manufacturing | | 35.98 | 81.7 86.8 85.4 74.9 | 81.8 82.4 81.6 81.9 | 81.7 82.1 81.9 81.9 Food, beverage, and tobacco products | 311,2 | 10.67 | 81.6 85.9 84.1 75.6 | 81.2 81.1 82.2 82.6 | 82.4 82.8 82.8 82.5 Textile and product mills | 313,4 | 1.09 | 82.3 91.2 91.4 68.8 | 78.9 78.3 75.8 74.6 | 74.8 74.3 74.6 74.7 Apparel and leather | 315,6 | .70 | 78.7 84.3 87.1 59.5 | 73.6 74.1 74.1 74.9 | 74.9 74.4 75.1 75.7 Paper | 322 | 2.46 | 87.8 92.5 92.0 78.9 | 84.8 85.4 85.5 84.3 | 84.7 84.5 84.1 83.6 Printing and support | 323 | 2.08 | 83.7 91.8 86.4 72.7 | 80.1 79.3 80.5 80.6 | 80.8 80.4 79.8 78.8 Petroleum and coal products | 324 | 3.77 | 86.2 89.0 90.6 83.7 | 89.3 93.1 90.1 92.3 | 91.0 92.4 89.7 91.8 Chemical | 325 | 12.01 | 78.3 85.1 81.4 70.2 | 78.5 79.5 77.7 77.8 | 77.8 77.8 77.9 77.7 Plastics and rubber products | 326 | 3.20 | 83.9 89.8 91.9 75.1 | 87.9 87.5 84.8 85.4 | 84.8 85.8 86.8 87.3 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.99 | 84.7 91.0 83.3 81.3 | 84.3 83.2 84.6 84.0 | 83.9 84.2 83.9 83.4 | | | | | Mining | 21 | 8.25 | 87.4 86.1 88.9 84.8 | 91.0 90.9 91.3 90.2 | 89.9 90.6 90.0 90.5 Utilities | 2211,2 | 9.23 | 86.7 92.7 93.7 83.8 | 85.9 86.4 85.0 85.8 | 90.7 83.1 85.8 84.7 | | | | | Selected high-technology industries | | 5.48 | 78.0 80.8 87.4 56.2 | 77.2 78.7 79.7 77.9 | 77.7 77.5 77.0 76.1 Computers and peripheral equipment | 3341 | 1.39 | 78.1 79.9 84.2 62.8 | 74.6 74.5 78.3 82.3 | 82.8 83.1 82.5 82.1 Communications equipment | 3342 | 1.29 | 75.4 80.8 86.6 40.2 | 70.8 71.8 73.3 77.6 | 77.6 79.2 78.9 79.0 Semiconductors and related | | | | | electronic components | 334412-9 | 2.80 | 80.6 82.9 93.5 58.1 | 81.3 83.5 82.7 75.5 | 74.8 73.7 73.1 71.6 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 94.52 | 81.2 85.4 85.0 74.7 | 82.3 82.6 81.8 81.6 | 81.9 81.6 81.9 81.8 Manufacturing<1> | | 77.04 | 79.9 85.9 84.5 72.8 | 80.9 81.3 80.3 80.1 | 80.0 80.4 80.4 80.4 | | | | | Stage-of-process groups | | | | | Crude | | 12.41 | 86.5 88.1 89.5 82.0 | 88.8 89.4 89.1 88.9 | 88.9 89.5 88.9 88.7 Primary and semifinished | | 48.00 | 82.2 86.5 88.2 74.6 | 83.9 84.1 82.3 82.1 | 82.7 81.7 82.0 81.8 Finished | | 39.59 | 77.8 82.8 80.5 70.0 | 77.6 77.9 78.2 78.0 | 77.9 78.1 78.5 78.4 -------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> See note on cover page Note. See notes to table 2. Table 8 Industrial Capacity Percent change ----------------------------------------------------------------------------------------------------------------------------------------------------- | Average annual rate | Fourth quarter to fourth quarter | Annual rate | Monthly rate |----------------------------|------------------------------------|----------------------------|-------------- | 1972- 1980- 1989- 1995-| | 2006 2007 | 2007 Item | 79 88 94 2007 | 2004 2005 2006 2007 | Q3 Q4 Q1 Q2 | May ----------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 3.1 2.0 2.3 3.3 | .1 1.1 2.4 1.8 | 2.4 2.3 2.1 1.8 | .1 | | | | Manufacturing<1> | 3.3 2.3 2.6 3.7 | .0 1.7 2.7 2.1 | 2.6 2.4 2.3 2.1 | .2 | | | | Mining | .8 .1 -.9 -.5 | -.3 -1.7 .6 .4 | 1.0 1.1 .9 .3 | .0 Utilities | 4.3 2.1 1.6 2.2 | 2.6 .0 2.1 1.5 | 2.5 2.5 2.1 1.5 | .1 | | | | | | | | Selected high-technology industries | 20.9 19.1 17.3 27.2 | 4.3 18.3 19.6 19.6 | 18.2 18.5 19.5 19.5 | 1.5 Manufacturing<1> ex. selected | | | | high-technology industries | 2.6 1.3 1.6 1.6 | -.2 .6 1.4 1.0 | 1.4 1.3 1.1 .9 | .1 | | | | Stage-of-process groups | | | | Crude | 1.7 .3 -.4 -.1 | -.1 -1.1 .3 .5 | .5 .5 .5 .3 | .0 Primary and semifinished | 3.0 1.4 2.6 3.9 | .4 1.4 3.0 2.3 | 3.1 3.0 2.8 2.2 | .2 Finished | 3.9 3.5 2.7 3.4 | .5 2.0 2.3 1.9 | 2.2 2.1 2.0 1.9 | .2 ----------------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. Table 9 Gross Value of Final Products and Nonindustrial Supplies Billions of 2000 dollars at annual rate, seasonally adjusted ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | 2006 2007 | 2007 Item | 2000 | 2006 | Q1 Q2 Q3 Q4 Q1 r | Feb. Mar. Apr. May ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,812.5 | 3,043.0 | 3,012.9 3,045.3 3,075.0 3,060.2 3,069.2 | 3,087.2 3,067.6 3,075.2 3,078.0 | | | | Final products | 2,112.0 | 2,302.3 | 2,276.5 2,302.5 2,327.4 2,321.5 2,330.8 | 2,346.1 2,331.6 2,338.5 2,338.9 | | | | Consumer goods | 1,480.7 | 1,606.0 | 1,600.7 1,607.9 1,619.6 1,610.7 1,626.4 | 1,641.9 1,625.7 1,635.4 1,633.3 Durable | 471.7 | 504.6 | 511.4 511.4 503.1 498.2 496.5 | 499.4 500.6 510.5 509.1 Automotive products | 278.9 | 296.1 | 303.3 301.5 293.1 291.1 290.1 | 293.1 294.6 303.1 300.7 Other durable goods | 192.9 | 208.2 | 207.9 209.6 209.6 206.7 206.0 | 206.0 205.7 207.3 208.2 Nondurable | 1,009.0 | 1,097.5 | 1,087.3 1,094.0 1,111.5 1,107.0 1,123.2 | 1,135.3 1,119.2 1,120.1 1,119.3 | | | | Equipment, total | 631.3 | 706.0 | 683.0 704.0 718.4 722.2 714.3 | 713.5 716.0 712.5 715.3 Business and defense | 614.9 | 689.1 | 666.1 686.5 701.3 706.0 697.2 | 696.3 698.7 695.4 698.9 Business | 556.8 | 619.8 | 596.4 617.0 631.4 637.4 628.1 | 626.5 631.5 627.1 629.0 Defense and space | 58.2 | 71.4 | 71.0 71.5 72.2 71.4 71.5 | 72.0 70.2 70.9 72.1 | | | | Nonindustrial supplies | 700.5 | 741.1 | 736.6 743.1 748.1 739.6 739.4 | 742.2 737.2 738.0 740.3 Construction supplies | 197.2 | 207.8 | 209.3 209.6 209.2 204.0 202.8 | 201.3 203.0 203.2 204.3 Business supplies | 503.3 | 533.2 | 527.2 533.4 538.9 535.7 536.8 | 541.3 534.3 534.9 536.0 Commercial energy products | 136.0 | 154.7 | 152.4 154.4 157.7 156.3 156.3 | 160.9 152.2 153.1 154.8 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Table 10 Gross-Value-Weighted Industrial Production: Stage-of-Process Groups Percent change, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Fourth quarter to | | | | | fourth quarter | Annual rate | Monthly rate | | |---------------------|----------------------------|----------------------------| May '06 | 2006 | | 2006 2007 | 2007 | to Item | gross value<1>| 2004 2005 2006 | Q2 Q3 Q4 Q1 r | Feb. Mar. Apr. May | May '07 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 1980.5 | 2.4 5.6 3.4 | 6.1 2.3 2.3 -1.4 | .4 .1 .6 -.1 | 2.1 Semifinished | 1754.9 | 2.4 6.2 2.5 | 5.9 5.7 -2.7 -.5 | .7 -.5 .4 .2 | 1.6 Primary | 992.6 | 4.5 -.8 .1 | 4.4 5.0 -13.3 7.2 | 1.7 -1.3 .3 .1 | -.5 Crude | 420.0 | 5.2 -8.3 7.1 | 6.5 2.5 -3.4 1.2 | 1.1 1.1 -.5 -.4 | .1 | | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> Billions of 2000 dollars. Table 11 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 1985 | -.3 .4 .2 -.2 .1 .1 -.6 .5 .4 -.4 .3 1.0 | 1.2 .7 -.5 2.7 | 1.4 1986 | .5 -.8 -.6 .1 .2 -.3 .6 -.2 .2 .4 .5 .9 | 2.4 -2.4 1.7 4.6 | 1.1 1987 | -.3 1.3 .2 .6 .7 .5 .6 .7 .3 1.5 .5 .5 | 5.4 7.2 7.3 9.9 | 5.1 1988 | .0 .4 .3 .5 -.1 .2 .2 .5 -.3 .6 .2 .4 | 3.4 3.4 2.1 3.3 | 5.1 | | | 1989 | .2 -.5 .3 .0 -.7 .0 -.9 1.0 -.3 -.1 .3 .7 | 1.5 -1.8 -2.4 1.8 | .9 1990 | -.6 .9 .5 -.1 .2 .3 -.2 .3 .2 -.7 -1.2 -.7 | 3.0 2.8 1.4 -5.9 | 1.0 1991 | -.5 -.7 -.5 .2 1.0 1.0 .0 .2 .9 -.2 -.1 -.3 | -7.6 2.7 5.7 1.0 | -1.5 1992 | -.5 .7 .8 .7 .4 .1 .8 -.5 .2 .7 .4 .1 | -.3 7.1 3.1 4.0 | 2.9 1993 | .5 .3 .0 .3 -.4 .3 .4 .0 .5 .8 .4 .6 | 3.7 1.1 2.4 6.4 | 3.4 | | | 1994 | .5 .0 1.0 .5 .5 .7 .2 .5 .3 .9 .7 1.1 | 5.6 7.3 5.1 8.3 | 5.5 1995 | .4 .1 .1 -.1 .2 .3 -.4 1.3 .4 -.2 .3 .3 | 6.0 1.0 3.8 3.5 | 5.0 1996 | -.8 1.5 -.2 .9 .7 .9 -.2 .7 .5 .0 .9 .7 | 2.0 8.4 5.2 6.1 | 4.3 1997 | .2 1.2 .8 -.1 .6 .4 .5 1.3 .9 .8 1.0 .4 | 8.3 5.5 9.0 11.1 | 7.2 1998 | .5 .1 .0 .5 .7 -.5 -.3 2.2 -.2 .7 -.1 .4 | 4.7 3.3 3.8 5.3 | 6.1 | | | 1999 | .6 .5 .2 .2 .8 -.1 .7 .5 -.4 1.3 .6 .9 | 4.9 4.0 4.4 8.2 | 4.7 2000 | .1 .4 .4 .8 .3 .1 -.3 -.3 .5 -.5 .0 -.4 | 5.3 5.9 -.5 -1.6 | 4.5 2001 | -.7 -.6 -.4 -.3 -.7 -.6 -.4 -.4 -.4 -.6 -.5 .0 | -5.7 -5.4 -5.6 -5.1 | -3.5 2002 | .5 .1 .8 .4 .4 .9 -.3 .2 .1 -.3 .4 -.4 | 2.7 6.4 2.3 -.4 | .0 2003 | .6 .3 -.2 -.8 -.1 .2 .4 -.1 .5 -.1 .8 .0 | 2.3 -3.2 2.5 3.3 | 1.1 | | | 2004 | .2 .7 -.6 .6 .6 -.7 .6 .2 -.2 .7 .2 .6 | 3.3 2.5 1.8 4.3 | 2.5 2005 | .3 .6 -.1 .1 .4 .6 .0 .3 -1.6 1.2 1.1 .8 | 4.6 2.8 .8 4.7 | 3.2 2006 | .0 .3 .5 .9 -.1 .9 .4 .2 -.3 -.2 -.4 .6 | 5.0 6.5 4.0 -1.5 | 3.9 2007 | -.5 .8 -.3 .4 .0 | .8 | | | | IP | | | (2002=100) | | | 2005 | 105.6 106.2 106.1 106.2 106.6 107.3 107.3 107.6 105.8 107.1 108.2 109.1 | 106.0 106.7 106.9 108.1 | 106.9 2006 | 109.1 109.4 110.0 110.9 110.9 111.9 112.3 112.5 112.2 112.0 111.5 112.2 | 109.5 111.2 112.3 111.9 | 111.1 2007 | 111.7 112.5 112.2 112.7 112.7 | 112.2 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 132.7 132.7 132.8 132.9 133.0 133.1 133.2 133.4 133.6 133.8 134.1 134.3 | 132.7 133.0 133.4 134.1 | 133.3 2006 | 134.6 134.8 135.1 135.4 135.7 136.0 136.2 136.5 136.8 137.0 137.3 137.5 | 134.9 135.7 136.5 137.3 | 136.1 2007 | 137.8 138.0 138.2 138.4 138.6 | 138.0 | | | | Utilization | | | (percent) | | | 1985 | 80.0 80.1 80.0 79.7 79.6 79.4 78.7 78.9 79.1 78.6 78.8 79.5 | 80.0 79.6 78.9 79.0 | 79.4 1986 | 79.8 79.0 78.4 78.4 78.4 78.1 78.5 78.3 78.3 78.6 78.8 79.4 | 79.1 78.3 78.4 78.9 | 78.7 1987 | 79.0 79.9 79.9 80.2 80.5 80.8 81.1 81.6 81.6 82.7 83.0 83.3 | 79.6 80.5 81.4 83.0 | 81.1 1988 | 83.2 83.5 83.6 84.0 83.9 84.0 84.1 84.5 84.2 84.6 84.7 84.9 | 83.4 84.0 84.2 84.7 | 84.1 | | | 1989 | 85.0 84.5 84.6 84.4 83.7 83.6 82.6 83.3 82.8 82.6 82.7 83.1 | 84.7 83.9 82.9 82.8 | 83.6 1990 | 82.4 83.0 83.2 82.9 82.9 83.0 82.7 82.8 82.8 82.1 80.9 80.2 | 82.9 82.9 82.7 81.1 | 82.4 1991 | 79.7 79.0 78.5 78.6 79.3 79.9 79.8 79.8 80.4 80.1 79.9 79.5 | 79.1 79.3 80.0 79.9 | 79.6 1992 | 79.0 79.4 79.9 80.3 80.4 80.3 80.8 80.3 80.3 80.8 80.9 80.8 | 79.4 80.3 80.5 80.8 | 80.3 1993 | 81.1 81.3 81.1 81.3 80.9 81.0 81.2 81.1 81.4 81.8 82.0 82.3 | 81.2 81.1 81.2 82.1 | 81.4 | | | 1994 | 82.6 82.4 83.1 83.3 83.5 83.8 83.7 83.8 83.8 84.2 84.4 85.1 | 82.7 83.5 83.8 84.6 | 83.6 1995 | 85.1 84.8 84.6 84.1 84.0 83.9 83.2 84.0 84.0 83.5 83.4 83.3 | 84.8 84.0 83.7 83.4 | 84.0 1996 | 82.3 83.2 82.6 83.0 83.2 83.6 83.0 83.2 83.3 83.0 83.3 83.5 | 82.7 83.3 83.2 83.3 | 83.1 1997 | 83.3 83.8 84.1 83.6 83.6 83.5 83.5 84.0 84.3 84.4 84.7 84.5 | 83.7 83.6 83.9 84.5 | 83.9 1998 | 84.3 83.9 83.3 83.2 83.2 82.3 81.6 82.9 82.3 82.5 82.0 81.9 | 83.8 82.9 82.3 82.2 | 82.8 | | | 1999 | 82.1 82.1 81.9 81.8 82.1 81.6 81.8 81.9 81.3 82.0 82.2 82.6 | 82.0 81.8 81.7 82.3 | 81.9 2000 | 82.3 82.3 82.3 82.6 82.5 82.3 81.8 81.3 81.4 80.8 80.5 79.9 | 82.3 82.5 81.5 80.4 | 81.7 2001 | 79.2 78.5 78.0 77.5 76.8 76.2 75.7 75.3 74.8 74.2 73.7 73.6 | 78.5 76.9 75.3 73.8 | 76.1 2002 | 73.8 73.8 74.3 74.5 74.7 75.4 75.1 75.2 75.3 75.1 75.5 75.2 | 74.0 74.9 75.2 75.3 | 74.8 2003 | 75.7 76.0 75.9 75.4 75.4 75.7 76.0 76.0 76.4 76.4 77.1 77.1 | 75.9 75.5 76.1 76.8 | 76.1 | | | 2004 | 77.2 77.8 77.3 77.8 78.2 77.7 78.1 78.3 78.2 78.7 78.9 79.4 | 77.5 77.9 78.2 79.0 | 78.1 2005 | 79.6 80.0 79.9 79.9 80.2 80.6 80.5 80.7 79.2 80.0 80.7 81.3 | 79.8 80.2 80.1 80.7 | 80.2 2006 | 81.1 81.1 81.4 81.9 81.7 82.3 82.4 82.4 82.0 81.7 81.3 81.6 | 81.2 82.0 82.3 81.5 | 81.7 2007 | 81.1 81.6 81.2 81.5 81.3 | 81.3 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 12 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <2> | | | 1985 | -.4 -.3 .8 -.3 .1 .2 -.6 .6 .1 -.2 .7 .4 | .3 1.1 .3 2.5 | 1.9 1986 | 1.1 -.7 -.3 .4 .2 -.3 .5 .3 .2 .4 .5 .9 | 4.6 .0 2.5 5.0 | 2.3 1987 | -.3 1.4 .1 .5 .8 .4 .7 .5 .6 1.6 .6 .6 | 6.0 7.0 7.2 11.4 | 5.7 1988 | -.2 .1 .3 .8 -.1 .1 .1 .1 .4 .6 .3 .4 | 2.4 4.3 1.4 5.0 | 5.3 | | | 1989 | .7 -1.0 -.1 .1 -.8 .1 -1.1 1.0 -.3 -.2 .2 .2 | 1.7 -3.2 -2.9 .6 | .8 1990 | -.2 1.4 .4 -.2 .1 .2 -.2 .3 .0 -.8 -1.1 -.7 | 4.5 2.6 .8 -6.5 | .8 1991 | -.8 -.7 -.6 .3 .7 1.1 .2 .3 1.1 -.2 -.2 -.1 | -9.0 2.3 7.4 1.8 | -1.9 1992 | -.5 .8 .9 .5 .6 .3 .8 -.4 .1 .6 .4 -.1 | .7 8.1 4.2 2.8 | 3.8 1993 | 1.1 .1 -.2 .6 -.1 -.1 .3 -.1 .6 .8 .4 .6 | 4.6 1.6 1.7 7.2 | 3.7 | | | 1994 | .3 .1 1.3 .8 .7 .3 .5 .7 .4 1.0 .8 1.2 | 5.5 9.2 6.0 10.1 | 6.1 1995 | .4 .0 .2 -.2 .0 .4 -.6 1.2 .9 -.1 .1 .3 | 6.4 .4 3.1 4.4 | 5.5 1996 | -.9 1.5 -.3 1.1 .7 1.1 .3 .6 .7 .0 .9 .9 | 1.1 9.6 7.6 6.5 | 4.6 1997 | .1 1.4 1.1 -.3 .8 .6 .4 1.5 .9 .8 1.2 .5 | 9.8 6.6 10.0 12.1 | 8.5 1998 | .8 .0 -.2 .6 .5 -.6 -.4 2.6 -.3 .9 .2 .5 | 6.3 2.8 4.1 7.5 | 6.9 | | | 1999 | .4 .8 -.1 .3 1.0 -.3 .5 .7 -.3 1.6 .8 .8 | 5.4 4.5 4.1 9.9 | 5.4 2000 | .2 .3 .7 .7 .0 .2 -.1 -.6 .5 -.4 -.4 -.7 | 5.8 5.8 -.7 -3.2 | 4.8 2001 | -.6 -.6 -.4 -.3 -.7 -.6 -.3 -.7 -.3 -.7 -.3 .2 | -6.6 -5.7 -6.2 -5.0 | -4.2 2002 | .4 .1 .8 .1 .6 1.1 -.4 .4 .1 -.5 .4 -.4 | 3.1 5.8 3.1 -.8 | .0 2003 | .5 .0 .2 -.9 -.1 .6 .1 -.2 .7 -.1 1.0 -.1 | 1.7 -2.3 2.2 3.7 | 1.1 | | | 2004 | .0 .7 -.1 .6 .6 -.7 .8 .6 -.3 .7 .0 .6 | 2.9 3.7 3.5 3.7 | 2.9 2005 | .5 .6 -.2 .2 .6 .4 .1 .4 -.8 1.5 .9 .4 | 5.1 3.1 1.9 7.5 | 3.9 2006 | .8 -.2 .4 1.0 -.2 .9 .4 .4 .0 -.8 -.2 1.1 | 5.5 5.5 4.4 -1.7 | 4.6 2007 | -.6 -.1 .6 .2 .1 | .7 | | | | IP | | | (2002 = 100) | | | 2005 | 106.4 107.0 106.7 106.9 107.6 108.0 108.1 108.4 107.5 109.2 110.1 110.6 | 106.7 107.5 108.0 110.0 | 108.0 2006 | 111.5 111.2 111.7 112.8 112.6 113.5 113.9 114.3 114.3 113.4 113.2 114.4 | 111.5 113.0 114.2 113.7 | 113.0 2007 | 113.7 113.6 114.4 114.6 114.7 | 113.9 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 136.0 136.2 136.3 136.5 136.6 136.9 137.1 137.3 137.6 137.9 138.2 138.6 | 136.2 136.6 137.4 138.2 | 137.1 2006 | 138.9 139.2 139.5 139.9 140.2 140.5 140.8 141.1 141.3 141.6 141.9 142.2 | 139.2 140.2 141.1 141.9 | 140.6 2007 | 142.5 142.7 143.0 143.2 143.5 | 142.7 | | | | Utilization | | | (percent) | | | 1985 | 79.1 78.6 79.0 78.5 78.4 78.3 77.7 78.0 77.9 77.6 77.9 78.2 | 78.9 78.4 77.9 77.9 | 78.3 1986 | 78.9 78.3 78.0 78.2 78.3 77.9 78.2 78.3 78.4 78.5 78.8 79.3 | 78.4 78.1 78.3 78.9 | 78.4 1987 | 78.9 79.9 79.7 79.9 80.4 80.5 80.9 81.1 81.4 82.5 82.9 83.2 | 79.5 80.3 81.1 82.9 | 80.9 1988 | 83.0 83.0 83.2 83.9 83.7 83.8 83.8 83.9 84.1 84.5 84.7 84.9 | 83.1 83.8 83.9 84.7 | 83.9 | | | 1989 | 85.4 84.4 84.2 84.1 83.2 83.2 82.1 82.6 82.2 81.9 81.9 81.8 | 84.7 83.5 82.3 81.9 | 83.1 1990 | 81.5 82.5 82.6 82.2 82.2 82.2 81.9 81.9 81.8 81.0 79.9 79.2 | 82.2 82.2 81.8 80.0 | 81.6 1991 | 78.4 77.7 77.1 77.2 77.7 78.4 78.5 78.6 79.3 79.0 78.7 78.5 | 77.7 77.8 78.8 78.8 | 78.3 1992 | 78.0 78.5 79.0 79.3 79.6 79.7 80.2 79.7 79.5 79.8 79.9 79.6 | 78.5 79.5 79.8 79.8 | 79.4 1993 | 80.3 80.3 80.0 80.3 80.1 79.9 80.1 79.9 80.2 80.8 80.9 81.3 | 80.2 80.1 80.0 81.0 | 80.3 | | | 1994 | 81.3 81.2 82.1 82.5 82.7 82.7 82.8 83.1 83.1 83.6 83.9 84.6 | 81.5 82.6 83.0 84.0 | 82.8 1995 | 84.6 84.2 84.0 83.5 83.1 83.1 82.2 82.7 83.1 82.6 82.3 82.1 | 84.3 83.2 82.7 82.3 | 83.1 1996 | 81.0 81.8 81.2 81.7 81.8 82.3 82.0 82.1 82.3 81.8 82.2 82.5 | 81.3 81.9 82.2 82.2 | 81.9 1997 | 82.1 82.8 83.3 82.5 82.7 82.7 82.4 83.2 83.3 83.4 83.8 83.6 | 82.8 82.6 83.0 83.6 | 83.0 1998 | 83.6 83.0 82.3 82.2 82.1 81.0 80.2 81.8 81.1 81.4 81.1 81.1 | 83.0 81.8 81.0 81.2 | 81.7 | | | 1999 | 81.0 81.2 80.8 80.7 81.1 80.5 80.5 80.7 80.0 80.9 81.1 81.4 | 81.0 80.7 80.4 81.1 | 80.8 2000 | 81.1 81.0 81.2 81.4 81.0 80.8 80.4 79.6 79.7 79.0 78.4 77.6 | 81.1 81.1 79.9 78.3 | 80.1 2001 | 76.9 76.2 75.7 75.3 74.6 73.9 73.5 72.9 72.5 71.9 71.6 71.7 | 76.3 74.6 73.0 71.7 | 73.9 2002 | 71.9 71.9 72.4 72.4 72.8 73.6 73.2 73.5 73.6 73.3 73.6 73.3 | 72.0 72.9 73.5 73.4 | 73.0 2003 | 73.7 73.8 74.1 73.5 73.5 74.0 74.1 74.0 74.6 74.5 75.3 75.2 | 73.9 73.6 74.2 75.0 | 74.2 | | | 2004 | 75.3 75.8 75.7 76.2 76.6 76.1 76.7 77.2 76.9 77.4 77.4 77.8 | 75.6 76.3 76.9 77.6 | 76.6 2005 | 78.2 78.6 78.3 78.4 78.7 78.9 78.8 79.0 78.1 79.2 79.7 79.8 | 78.4 78.7 78.6 79.6 | 78.8 2006 | 80.3 79.9 80.1 80.7 80.3 80.8 80.9 81.1 80.9 80.1 79.8 80.5 | 80.1 80.6 80.9 80.1 | 80.4 2007 | 79.8 79.6 80.0 80.0 79.9 | 79.8 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 13 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Excluding Selected High-Technology Industries Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 1985 | -.3 .5 .2 -.1 .1 .0 -.5 .4 .5 -.4 .3 1.1 | .9 1.1 -.2 2.6 | 1.0 1986 | .5 -.8 -.7 .0 .1 -.2 .3 -.2 .2 .4 .4 .8 | 2.3 -2.7 .5 4.0 | .9 1987 | -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 | 4.4 6.4 6.1 9.0 | 4.3 1988 | .0 .4 .2 .5 -.2 .2 .1 .5 -.4 .5 .2 .4 | 3.0 2.7 1.4 2.9 | 4.4 | | | 1989 | .3 -.5 .3 -.1 -.7 .0 -1.1 .9 -.3 -.2 .3 .7 | 1.8 -2.0 -3.3 1.0 | .6 1990 | -.7 .9 .4 -.2 .1 .2 -.2 .3 .1 -.8 -1.2 -.7 | 2.2 2.3 1.0 -6.5 | .3 1991 | -.5 -.8 -.6 .2 1.0 1.0 .0 .1 .9 -.2 -.2 -.5 | -8.1 2.2 5.4 .4 | -2.0 1992 | -.8 .7 .7 .6 .3 -.1 .8 -.6 .2 .6 .3 .0 | -1.9 6.1 1.8 2.9 | 1.9 1993 | .5 .3 -.1 .3 -.4 .2 .3 -.1 .4 .7 .3 .5 | 3.0 .4 1.6 5.1 | 2.5 | | | 1994 | .4 .0 .9 .3 .4 .6 .1 .3 .0 .6 .4 .9 | 4.2 5.4 3.3 5.5 | 4.0 1995 | .2 -.2 -.2 -.3 .0 .1 -.5 1.1 .1 -.5 .1 .2 | 3.0 -1.4 1.5 .4 | 2.4 1996 | -1.0 1.4 -.4 .8 .4 .7 -.5 .4 .4 -.2 .8 .5 | -.3 6.0 2.2 3.4 | 1.7 1997 | -.1 .8 .5 -.4 .3 .2 .3 1.0 .7 .7 .7 .2 | 5.0 2.1 6.0 8.3 | 4.2 1998 | .2 -.1 -.1 .2 .5 -.9 -.8 2.0 -.6 .5 -.3 .0 | 1.7 1.0 -.2 2.2 | 3.1 | | | 1999 | .2 .2 -.1 -.2 .6 -.5 .3 .4 -.5 1.2 .3 .6 | .9 .3 1.2 5.5 | 1.2 2000 | -.3 .0 .1 .4 .0 -.1 -.5 -.4 .4 -.6 -.2 -.5 | .7 1.7 -2.9 -3.0 | 1.1 2001 | -.7 -.5 -.4 -.1 -.6 -.4 -.3 -.3 -.5 -.6 -.5 -.1 | -6.4 -4.1 -4.3 -5.3 | -4.1 2002 | .7 .1 .8 .4 .4 .9 -.3 .1 .0 -.4 .3 -.6 | 2.9 6.1 1.7 -1.3 | .1 2003 | .5 .2 -.3 -.8 -.1 .2 .3 -.1 .5 -.1 .8 -.1 | 1.0 -4.0 1.7 2.7 | .2 | | | 2004 | .1 .6 -.6 .7 .6 -.8 .7 .2 -.2 .7 .2 .6 | 1.9 2.6 1.6 4.0 | 1.9 2005 | .2 .5 -.2 -.1 .3 .6 -.1 .2 -1.9 1.0 1.0 .8 | 3.8 1.5 -.5 3.0 | 2.5 2006 | -.1 .2 .4 .7 -.2 .8 .3 .1 -.5 -.3 -.5 .6 | 4.5 5.2 2.9 -2.7 | 2.8 2007 | -.5 .8 -.3 .4 -.1 | .4 | | | | IP | | | (2002 = 100) | | | 2005 | 103.9 104.4 104.2 104.2 104.4 105.1 105.0 105.2 103.2 104.2 105.3 106.2 | 104.2 104.6 104.4 105.2 | 104.6 2006 | 106.1 106.3 106.8 107.6 107.4 108.3 108.6 108.7 108.2 107.9 107.4 108.0 | 106.4 107.7 108.5 107.8 | 107.5 2007 | 107.4 108.3 107.9 108.3 108.3 | 107.9 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 129.7 129.7 129.7 129.7 129.6 129.7 129.7 129.7 129.8 129.9 130.0 130.1 | 129.7 129.7 129.7 130.0 | 129.8 2006 | 130.2 130.4 130.5 130.7 130.8 131.0 131.2 131.3 131.5 131.6 131.8 131.9 | 130.4 130.8 131.3 131.8 | 131.1 2007 | 132.0 132.1 132.2 132.3 132.4 | 132.1 | | | | Utilization | | | (percent) | | | 1985 | 79.7 79.9 79.9 79.7 79.6 79.5 78.9 79.1 79.4 79.0 79.1 79.8 | 79.8 79.6 79.1 79.3 | 79.5 1986 | 80.2 79.4 78.8 78.8 78.8 78.6 78.8 78.5 78.6 78.8 79.1 79.6 | 79.5 78.7 78.6 79.2 | 79.0 1987 | 79.2 80.1 80.1 80.4 80.8 81.1 81.4 81.8 81.9 83.0 83.3 83.6 | 79.8 80.8 81.7 83.3 | 81.4 1988 | 83.6 83.9 84.0 84.4 84.2 84.3 84.4 84.8 84.4 84.8 84.9 85.2 | 83.8 84.3 84.5 85.0 | 84.4 | | | 1989 | 85.4 84.9 85.1 84.9 84.2 84.0 83.0 83.6 83.2 82.9 83.0 83.4 | 85.1 84.3 83.3 83.1 | 84.0 1990 | 82.7 83.3 83.5 83.2 83.2 83.3 83.0 83.1 83.1 82.4 81.2 80.5 | 83.2 83.2 83.1 81.4 | 82.7 1991 | 80.0 79.3 78.7 78.8 79.5 80.1 80.1 80.0 80.6 80.4 80.1 79.6 | 79.4 79.5 80.2 80.1 | 79.8 1992 | 79.0 79.4 79.9 80.4 80.5 80.3 80.9 80.3 80.4 80.8 81.0 80.9 | 79.4 80.4 80.5 80.9 | 80.3 1993 | 81.2 81.4 81.3 81.4 81.0 81.1 81.3 81.2 81.4 81.9 82.1 82.4 | 81.3 81.2 81.3 82.1 | 81.5 | | | 1994 | 82.6 82.5 83.1 83.2 83.5 83.8 83.8 83.9 83.8 84.2 84.4 85.0 | 82.7 83.5 83.8 84.5 | 83.6 1995 | 85.0 84.7 84.4 84.0 83.8 83.8 83.2 83.9 83.9 83.3 83.2 83.2 | 84.7 83.9 83.6 83.2 | 83.9 1996 | 82.2 83.2 82.7 83.2 83.4 83.8 83.2 83.4 83.5 83.1 83.6 83.8 | 82.7 83.4 83.4 83.5 | 83.3 1997 | 83.4 83.9 84.1 83.5 83.4 83.3 83.3 83.8 84.1 84.4 84.7 84.5 | 83.8 83.4 83.7 84.5 | 83.9 1998 | 84.3 84.0 83.6 83.6 83.8 82.8 82.0 83.3 82.6 82.8 82.4 82.2 | 84.0 83.4 82.7 82.5 | 83.1 | | | 1999 | 82.2 82.1 81.8 81.5 81.8 81.3 81.4 81.5 81.0 81.8 81.9 82.2 | 82.1 81.6 81.3 81.9 | 81.7 2000 | 81.8 81.7 81.6 81.8 81.7 81.5 81.0 80.6 80.8 80.2 80.0 79.5 | 81.7 81.7 80.8 79.9 | 81.0 2001 | 78.8 78.3 77.9 77.8 77.3 76.9 76.6 76.3 75.8 75.3 74.9 74.7 | 78.4 77.3 76.2 75.0 | 76.7 2002 | 75.2 75.2 75.7 75.9 76.2 76.9 76.7 76.7 76.8 76.5 76.8 76.4 | 75.3 76.4 76.7 76.6 | 76.3 2003 | 76.9 77.1 77.0 76.4 76.4 76.6 76.8 76.8 77.2 77.1 77.7 77.7 | 77.0 76.4 76.9 77.5 | 77.0 | | | 2004 | 77.7 78.2 77.7 78.2 78.7 78.1 78.6 78.8 78.6 79.2 79.4 79.9 | 77.9 78.4 78.7 79.5 | 78.6 2005 | 80.1 80.5 80.4 80.3 80.6 81.1 80.9 81.1 79.5 80.2 81.0 81.6 | 80.3 80.6 80.5 80.9 | 80.6 2006 | 81.5 81.5 81.8 82.3 82.1 82.7 82.8 82.8 82.3 82.0 81.5 81.9 | 81.6 82.3 82.6 81.8 | 82.1 2007 | 81.4 81.9 81.6 81.9 81.8 | 81.6 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components. Table 14 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Excluding Selected High-Technology Industries Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <2> | | | 1985 | -.5 -.3 .9 -.2 .1 .1 -.4 .6 .2 -.3 .6 .4 | -.2 1.7 .7 2.5 | 1.4 1986 | 1.2 -.7 -.3 .4 .1 -.2 .2 .2 .2 .3 .4 .8 | 4.7 -.3 1.2 4.3 | 2.2 1987 | -.5 1.4 .1 .4 .7 .3 .6 .3 .5 1.5 .5 .5 | 4.7 5.9 5.7 10.4 | 4.6 1988 | -.2 .2 .2 .8 -.2 .0 .0 .1 .3 .5 .3 .4 | 1.9 3.5 .5 4.6 | 4.4 | | | 1989 | .8 -1.1 -.1 .0 -.9 .1 -1.3 .9 -.3 -.3 .1 .1 | 2.0 -3.6 -4.0 -.4 | .4 1990 | -.3 1.4 .3 -.3 .1 .2 -.2 .3 -.1 -.8 -1.2 -.8 | 3.7 2.0 .3 -7.2 | .0 1991 | -.8 -.8 -.8 .4 .6 1.1 .3 .2 1.1 -.2 -.3 -.3 | -9.8 1.5 7.1 1.0 | -2.6 1992 | -.8 .8 .9 .4 .5 .1 .7 -.5 .0 .4 .3 -.2 | -1.2 6.9 2.6 1.5 | 2.6 1993 | 1.1 .0 -.3 .5 -.1 -.2 .3 -.2 .5 .7 .3 .5 | 3.8 .8 .6 5.7 | 2.6 | | | 1994 | .1 .0 1.2 .6 .5 .2 .3 .5 .1 .7 .6 .9 | 3.9 7.1 3.9 6.7 | 4.4 1995 | .2 -.3 -.1 -.4 -.2 .2 -.8 .9 .6 -.4 -.1 .1 | 3.0 -2.5 .3 .8 | 2.5 1996 | -1.2 1.3 -.5 1.0 .4 .8 -.1 .4 .5 -.4 .8 .7 | -1.7 6.8 4.1 3.2 | 1.5 1997 | -.2 1.0 .9 -.7 .5 .4 .1 1.3 .7 .6 .9 .2 | 6.0 2.6 6.6 8.8 | 4.9 1998 | .5 -.1 -.3 .4 .4 -1.1 -.9 2.4 -.7 .7 -.1 .2 | 3.0 .0 -.6 4.0 | 3.5 | | | 1999 | .0 .5 -.5 -.1 .8 -.7 .0 .6 -.5 1.4 .4 .4 | .9 .2 .4 6.9 | 1.4 2000 | -.3 -.1 .3 .3 -.4 .0 -.4 -.8 .4 -.6 -.6 -.9 | .5 .9 -3.5 -5.0 | .8 2001 | -.6 -.5 -.4 -.1 -.6 -.5 -.1 -.7 -.4 -.7 -.3 .1 | -7.5 -4.1 -4.7 -5.2 | -4.9 2002 | .5 .0 .8 .1 .6 1.0 -.5 .3 .0 -.6 .3 -.6 | 3.4 5.4 2.4 -2.0 | .1 2003 | .4 -.2 .2 -1.0 -.1 .5 .0 -.3 .7 -.2 1.0 -.3 | .1 -3.1 1.2 3.0 | .0 | | | 2004 | -.2 .6 -.2 .7 .6 -.7 .8 .6 -.4 .7 .0 .5 | 1.3 3.9 3.3 3.4 | 2.2 2005 | .4 .5 -.3 .0 .5 .3 -.1 .2 -1.1 1.4 .8 .4 | 4.1 1.6 .4 5.5 | 3.0 2006 | .8 -.3 .3 .8 -.4 .8 .3 .2 -.3 -.9 -.2 1.1 | 4.9 3.8 3.0 -3.3 | 3.2 2007 | -.7 -.1 .6 .2 .0 | .2 | | | | IP | | | (2002 = 100) | | | 2005 | 104.3 104.8 104.5 104.5 105.0 105.3 105.3 105.5 104.3 105.8 106.6 107.0 | 104.5 104.9 105.0 106.5 | 105.2 2006 | 107.9 107.5 107.8 108.7 108.3 109.2 109.5 109.7 109.4 108.4 108.2 109.3 | 107.7 108.7 109.5 108.6 | 108.6 2007 | 108.5 108.4 109.1 109.3 109.3 | 108.7 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 132.6 132.6 132.7 132.7 132.8 132.8 132.9 133.0 133.1 133.3 133.4 133.6 | 132.6 132.8 133.0 133.4 | 133.0 2006 | 133.7 133.9 134.0 134.2 134.3 134.5 134.7 134.8 135.0 135.1 135.2 135.4 | 133.9 134.3 134.8 135.2 | 134.6 2007 | 135.5 135.6 135.7 135.8 135.9 | 135.6 | | | | Utilization | | | (percent) | | | 1985 | 78.6 78.3 78.8 78.5 78.4 78.3 77.9 78.2 78.2 77.9 78.3 78.5 | 78.6 78.4 78.1 78.2 | 78.3 1986 | 79.4 78.8 78.4 78.7 78.7 78.4 78.5 78.6 78.7 78.8 79.0 79.6 | 78.9 78.6 78.6 79.1 | 78.8 1987 | 79.1 80.1 80.0 80.2 80.7 80.8 81.2 81.4 81.7 82.9 83.3 83.6 | 79.7 80.6 81.4 83.2 | 81.2 1988 | 83.4 83.5 83.7 84.3 84.1 84.2 84.1 84.2 84.4 84.8 85.0 85.3 | 83.5 84.2 84.2 85.0 | 84.3 | | | 1989 | 85.9 84.9 84.7 84.6 83.7 83.7 82.4 83.0 82.7 82.2 82.2 82.2 | 85.2 84.0 82.7 82.2 | 83.5 1990 | 81.8 82.8 82.9 82.6 82.5 82.5 82.2 82.3 82.1 81.3 80.2 79.5 | 82.5 82.5 82.2 80.3 | 81.9 1991 | 78.7 77.9 77.2 77.4 77.8 78.6 78.7 78.7 79.5 79.3 78.9 78.6 | 78.0 77.9 79.0 78.9 | 78.4 1992 | 77.9 78.4 79.0 79.3 79.6 79.7 80.2 79.7 79.6 79.8 80.0 79.7 | 78.4 79.5 79.8 79.8 | 79.4 1993 | 80.4 80.4 80.1 80.4 80.2 80.0 80.1 79.9 80.2 80.7 80.9 81.2 | 80.3 80.2 80.1 81.0 | 80.4 | | | 1994 | 81.2 81.2 82.0 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.8 84.5 | 81.5 82.6 83.0 83.9 | 82.8 1995 | 84.4 84.0 83.7 83.2 82.9 82.9 82.0 82.6 82.9 82.3 82.0 81.9 | 84.0 83.0 82.5 82.1 | 82.9 1996 | 80.8 81.7 81.1 81.7 81.9 82.4 82.2 82.3 82.4 81.9 82.3 82.6 | 81.2 82.0 82.3 82.3 | 81.9 1997 | 82.2 82.8 83.2 82.3 82.4 82.4 82.1 82.9 83.1 83.2 83.6 83.5 | 82.7 82.4 82.7 83.4 | 82.8 1998 | 83.5 83.1 82.5 82.6 82.6 81.4 80.5 82.1 81.3 81.6 81.3 81.2 | 83.1 82.2 81.3 81.4 | 82.0 | | | 1999 | 81.0 81.2 80.6 80.3 80.7 80.0 79.8 80.2 79.5 80.5 80.7 80.8 | 80.9 80.3 79.8 80.7 | 80.4 2000 | 80.4 80.2 80.3 80.4 79.9 79.8 79.3 78.6 78.8 78.2 77.7 76.9 | 80.3 80.0 78.9 77.6 | 79.2 2001 | 76.3 75.8 75.5 75.4 74.9 74.5 74.4 73.8 73.5 73.0 72.8 72.9 | 75.9 74.9 73.9 72.9 | 74.4 2002 | 73.3 73.3 73.9 73.9 74.4 75.2 74.8 75.1 75.2 74.8 75.0 74.6 | 73.5 74.5 75.0 74.8 | 74.5 2003 | 75.0 74.9 75.1 74.5 74.4 74.9 74.9 74.7 75.3 75.2 76.0 75.8 | 75.0 74.6 75.0 75.7 | 75.1 | | | 2004 | 75.7 76.2 76.0 76.6 77.1 76.5 77.2 77.6 77.3 77.9 77.9 78.3 | 76.0 76.7 77.4 78.1 | 77.0 2005 | 78.7 79.0 78.8 78.7 79.1 79.3 79.2 79.3 78.4 79.4 79.9 80.1 | 78.8 79.0 79.0 79.8 | 79.2 2006 | 80.7 80.3 80.5 81.0 80.6 81.2 81.3 81.4 81.1 80.3 80.0 80.7 | 80.5 80.9 81.3 80.3 | 80.8 2007 | 80.1 80.0 80.4 80.4 80.4 | 80.1 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components. Explanatory Note The Industrial Production and Capacity Utilization statistical release, which is published around the middle of the month, reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. More detailed descriptions of industrial production and capacity utilization are available at www.federalreserve.gov/releases/G17 at the Board's World Wide Web site. In addition, files containing data shown in the release, more detailed series that were published in the G.17 prior to December 2000, and historical data are available at the Board's Web site. Instructions for searching for and downloading specific series are provided as well. For paid access to the data files through the Department of Commerce's Economic Bulletin Board or World Wide Web site, please call STAT-USA at 1-800-STAT-USA or 202-452-1986. Diskettes containing historical data and the data published in this release also are available from the Board of Governors of the Federal Reserve System, Publications Services, 202-452-3245. Industrial Production Coverage. The industrial production (IP) index measures the real output of the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 2002. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, definition of manufacturing plus those industries-logging and newspaper, periodical, book and directory publishing-that have traditionally been considered to be manufacturing and included in the industrial sector. For the period since 1997, the total IP index has been constructed from 300 individual series based on the 2002 North American Industrial Classification System (NAICS) codes. These individual series are classified in two ways: (1) market groups, and (2) industry groups. Market groups consist of products and materials. Total products are the aggregate of final products, such as consumer goods and equipment, and nonindustrial supplies (which are inputs to nonindustrial sectors). Materials are inputs in the manufacture of products. Major industry groups include three-digit NAICS industries and aggregates of these industries-for example, durable and nondurable manufacturing, mining, and utilities. A complete description of the market and industry structures, including details regarding series