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Release Date: March 15, 2024
Table 1 Industrial Production: Market and Industry Group Summary
Percent change, seasonally adjusted
Item NAICS 2023
Proportion[1]
Fourth quarter to
fourth quarter
Annual rate Monthly rate Feb. '23
to
Feb. '24
      2023 2023 2024
2021 2022 2023 Q2 Q3[r] Q4[r] Sept.[r] Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[p]
             
Total IP   100.00 3.8 1.8 .1 .8 1.6 -1.8 .2 -.7 .4 -.3 -.5 .1 -.2
             
MARKET GROUP
Final products and nonindustrial supplies   54.43 3.4 2.0 -.9 -.1 .3 -1.1 -.1 -.4 .6 -.5 -.4 -.2 -.9
Consumer goods   27.70 1.6 1.2 -1.0 .9 -.9 -1.6 -.1 -.7 .9 -.6 .3 -1.4 -1.5
Durable   5.97 -.3 -.3 -.2 10.3 -.5 -5.9 1.0 -4.3 4.1 .9 -2.5 .9 .8
Automotive products   3.26 -5.5 1.9 1.6 22.0 -1.0 -11.3 .5 -7.5 8.5 1.4 -4.0 1.1 2.1
Home electronics   .14 10.8 2.9 14.6 27.4 18.9 13.9 .8 1.2 1.7 -.2 -2.0 .0 13.6
Appliances, furniture, carpeting   .90 1.8 -8.0 -5.1 -16.3 6.4 7.2 4.7 -.9 -1.2 -1.6 -1.6 .6 -4.8
Miscellaneous goods   1.66 9.3 -.5 -2.3 3.1 -4.5 -3.0 .0 -.2 -1.0 1.6 -.2 .9 .2
Nondurable   21.73 2.4 1.6 -1.2 -1.6 -1.0 -.4 -.4 .3 .0 -1.0 1.1 -2.0 -2.1
Non-energy   15.72 1.4 1.0 -1.0 -4.3 -5.0 2.2 -.4 1.0 -.4 -.2 -.1 .6 -1.8
Foods and tobacco   9.51 .0 .0 -2.5 -8.9 -6.4 3.5 -.6 1.5 -.5 -.1 -.1 .1 -3.6
Clothing   .17 6.1 2.5 -11.7 -12.8 -21.3 -17.9 -2.2 .2 -3.1 -1.1 -.7 -.6 -14.6
Chemical products   4.89 3.9 3.3 2.6 8.1 -3.7 .7 .0 -.1 .0 .0 -.1 1.6 2.5
Paper products   .76 -.8 -4.3 -3.3 -16.7 -2.2 2.0 -.1 1.7 -.9 -.5 -.6 .0 -6.2
Energy   6.02 6.4 3.1 -1.6 6.0 10.7 -6.8 -.6 -1.4 1.2 -3.2 4.4 -8.6 -2.8
             
Business equipment   8.60 5.3 7.7 -1.5 -.1 1.0 -2.8 -.9 -.6 1.1 -.4 -1.3 1.7 -.2
Transit   1.73 -5.9 21.4 1.4 13.1 8.2 -3.7 -.1 -4.3 6.0 .8 -3.2 1.6 4.9
Information processing   1.70 9.5 -.7 1.6 2.6 6.0 3.3 -1.2 1.5 .5 -.7 .2 1.0 3.5
Industrial and other   5.17 7.2 6.8 -3.5 -5.1 -3.0 -4.5 -1.1 -.1 -.3 -.6 -1.1 1.9 -3.0
Defense and space equipment   1.71 4.9 2.3 10.5 14.7 16.5 10.1 -.1 1.2 1.1 .5 .2 .4 11.8
             
Construction supplies   5.22 5.5 -1.3 -1.5 -3.8 -2.2 -.3 .9 -.3 -.1 -.3 -2.0 1.9 -2.2
Business supplies   10.60 3.7 1.0 -1.1 -3.2 2.4 .0 -.1 .1 -.2 -.5 -.4 .3 -.7
             
Materials   45.57 4.4 1.6 1.3 1.9 3.4 -2.6 .6 -1.1 .3 -.1 -.6 .5 .6
Non-energy   27.53 3.1 -1.1 .3 1.9 .1 -2.2 .7 -1.3 .6 .2 -1.2 .9 -.5
Durable   16.70 2.8 1.2 -.1 5.1 .3 -3.0 .5 -1.6 1.0 .2 -1.0 .7 .0
Consumer parts   2.91 -5.2 4.1 4.1 15.8 5.3 -6.7 .8 -4.3 3.3 1.6 -2.2 1.7 3.3
Equipment parts   4.46 6.9 1.0 1.3 5.1 .8 1.1 -.4 .4 .5 -.8 .4 .1 1.5
Other   9.32 3.5 .4 -2.1 2.0 -1.4 -3.8 .9 -1.7 .5 .2 -1.3 .6 -1.7
Nondurable   10.83 3.5 -4.5 .8 -2.8 -1.2 -.8 .9 -.9 .0 .2 -1.4 1.4 -1.6
Textile   .32 1.3 -5.9 -3.9 -7.6 1.1 -13.3 -.8 .2 -2.5 -1.8 .1 1.3 -3.7
Paper   1.56 .0 -4.7 -2.3 -6.2 -2.5 5.1 3.2 -2.4 1.8 -.9 -1.5 1.5 -.6
Chemical   5.52 6.5 -6.7 3.4 -1.7 1.1 -2.0 1.2 -1.2 -.2 .4 -2.2 1.9 -2.1
Energy   18.05 7.2 5.4 2.9 1.7 9.4 -3.2 .3 -.8 -.2 -.5 .3 -.2 2.5
             
             
INDUSTRY GROUP
Manufacturing   75.37 3.5 .6 -.3 .4 -.6 -.7 .2 -.7 .6 .0 -1.1 .8 -.7
Manufacturing (NAICS) 31-33 73.87 3.7 .7 -.2 1.1 -.6 -.8 .2 -.7 .6 .1 -1.1 .9 -.4
             
Durable manufacturing   36.90 3.5 2.5 .1 3.9 .8 -2.4 .2 -1.4 1.4 -.2 -1.1 1.0 .5
Wood products 321 1.69 .0 -3.6 -.4 -.6 .1 1.7 2.3 -2.7 2.9 -1.4 -1.6 2.4 1.2
Nonmetallic mineral products 327 2.36 2.8 6.9 -2.8 -9.5 -4.4 -.1 .4 .6 -1.6 .6 -3.3 -.2 -8.3
Primary metals 331 2.87 6.0 -5.3 1.4 13.5 -3.8 -4.2 2.0 -3.1 .9 .7 -2.1 -.2 -1.3
Fabricated metal products 332 6.06 6.0 1.5 -1.7 -1.6 -1.6 -1.9 .2 -.1 -.2 -.6 .6 .3 -1.2
Machinery 333 5.53 8.2 4.9 -4.8 -10.1 -1.0 -5.4 -.3 -1.3 .4 -1.3 -1.2 1.7 -5.1
Computer and electronic products 334 4.28 6.7 -1.3 5.8 10.3 10.0 7.2 -.4 1.6 .7 -.2 .5 .7 7.9
Electrical equip., appliances,
and components
335 2.11 3.2 1.0 .2 4.0 -7.0 2.4 -.8 1.3 -.2 .0 -.2 .8 .0
Motor vehicles and parts 3361-3 5.36 -5.2 7.0 2.5 31.4 -.9 -14.5 .0 -7.9 8.7 1.3 -3.8 1.8 3.5
Aerospace and miscellaneous
transportation equipment
3364-9 3.02 -.3 9.4 4.9 6.0 10.9 6.4 .0 .5 1.1 -.1 .6 .1 7.3
Furniture and related products 337 1.03 2.4 -2.8 -8.9 -7.6 -7.7 -10.0 -1.1 -1.4 -.6 -1.1 -2.1 1.8 -7.8
Miscellaneous 339 2.58 8.1 4.6 .8 -4.2 8.5 1.8 1.2 .2 -.9 -.6 -.2 2.3 3.3
             
Nondurable manufacturing   36.97 3.9 -1.2 -.5 -1.7 -2.1 .9 .2 .0 -.2 .3 -1.1 .7 -1.3
Food, beverage, and tobacco products 311,2 12.05 .1 .3 -2.4 -7.1 -6.8 2.8 -.5 1.3 -.4 .1 -.3 .2 -3.4
Textile and product mills 313,4 .55 3.3 -8.2 -4.2 -8.0 6.4 -14.2 .2 -.6 -2.8 -1.7 -.4 .8 -4.7
Apparel and leather 315,6 .19 6.7 3.3 -10.5 -11.0 -19.4 -17.1 -2.1 .6 -3.5 -.9 -.6 -.3 -13.2
Paper 322 2.31 -1.1 -5.9 -1.2 -5.1 .1 6.4 2.2 -.8 .8 -.5 -1.8 1.1 -.2
Printing and support 323 1.28 3.1 .7 -8.8 -10.0 -7.9 -8.6 -2.5 -.9 .4 -.8 2.4 1.5 -3.3
Petroleum and coal products 324 4.71 18.2 -2.5 3.4 6.5 6.6 7.1 .7 .3 .6 .3 -3.3 -.4 1.9
Chemicals 325 12.19 5.9 -1.5 2.1 2.3 -1.2 -1.7 .2 -.8 -.2 .7 -1.2 1.6 -.5
Plastics and rubber products 326 3.68 3.6 -.8 -2.6 .8 1.4 -1.0 1.4 -1.1 -.4 1.0 -1.3 .3 .2
             
Other manufacturing (non-NAICS) 1133,5111 1.50 -2.8 -3.9 -5.2 -26.6 .0 1.2 -.5 2.3 -1.4 -1.5 -1.4 -.1 -11.0
             
Mining 21 14.11 10.0 5.8 2.9 2.2 3.9 -1.3 .8 -.7 -.3 .8 -2.9 2.2 1.4
Utilities 2211,2 10.52 .0 4.3 -1.1 1.8 16.0 -9.2 -.6 -1.1 .3 -4.0 7.4 -7.5 .8
Electric 2211 9.03 .4 2.6 .0 -.3 18.2 -8.6 -.4 -1.5 .6 -3.5 6.2 -6.5 .9
Natural gas 2212 1.49 -2.4 14.7 -6.9 15.1 3.8 -12.7 -2.3 1.4 -1.3 -7.2 14.8 -13.0 -.2
[r] Revised. [p] Preliminary.
[1] The proportion data are the relative weights for the rates of change for each series in the computation of the change in total industrial production in the following year.
Note. Under industry groups, the figures to the right of the series descriptions are 2017 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 website (www.federalreserve.gov/releases/G17/20240315/default_sup.htm). Under market groups, in the products category, miscellaneous consumer nondurables, oil and gas well drilling, and manufactured homes are not shown separately; in the nondurable materials category, containers and miscellaneous nondurable materials are not shown separately.
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Last Update: March 15, 2024