Industrial Production and Capacity Utilization - G.17
Current Release PDF ASCII RSS Data Download
Industrial production increased 0.4 percent in September and 2.9 percent at an annual rate in the third quarter. In September, manufacturing output rose 0.4 percent after advancing a similar amount in the previous month. The index for mining moved up 0.6 percent, and the index for utilities fell 0.3 percent. At 105.2 percent of its 2017 average, total industrial production in September was 5.3 percent above its year-earlier level. Capacity utilization moved up 0.2 percentage point in September to 80.3 percent, a rate that is 0.7 percentage point above its long-run (1972–2021) average.
Industrial Production and Capacity Utilization: Summary
|Industrial production||2017=100||Percent change|
|2022||2022|| Sept. '21 to
|Major market groups|
|Major industry groups|
|Manufacturing (see note below)||102.4||101.9||101.3||102.0||102.3||102.8||.4||-.4||-.6||.6||.4||.4||4.7|
|Capacity utilization||Percent of capacity|| Capacity
|2022|| Sept. '21 to
|Manufacturing (see note below)||78.2||85.6||77.3||84.7||63.4||77.1||80.0||79.6||79.1||79.5||79.7||80.0||.9|
|Primary and semifinished||80.1||86.5||78.0||87.8||63.5||76.9||79.5||79.1||78.5||79.0||78.3||78.5||.9|
Most major market groups posted increases in September: Construction supplies recorded the largest gain (1.1 percent), while business supplies recorded the only decline (0.2 percent). Despite increasing for the month of September, the output of consumer goods decreased 0.6 percent at an annual rate in the third quarter, a noticeable slowdown from its rate of change of 3.1 percent in the second quarter. The index for materials rose 0.3 percent in September and was up 4.0 percent at an annual rate in the third quarter.
Manufacturing output moved up 0.4 percent in September; the index increased 1.9 percent at an annual rate in the third quarter after gaining 3.2 percent in the second quarter. In September, the indexes for durable and nondurable manufacturing rose 0.5 percent and 0.3 percent, respectively, while the index for other manufacturing (publishing and logging) fell 0.7 percent. Within durables, gains of at least 1 percent were recorded by nonmetallic mineral products, fabricated metal products, computer and electronic products, and motor vehicles and parts; miscellaneous manufacturing posted the only loss of at least 1 percent. Within nondurables, declines in paper and in printing and support were outweighed by gains in food, beverage, and tobacco products; apparel and leather; chemicals; and petroleum and coal products.
Mining output rose 0.6 percent in September, supported by gains in oil and gas extraction as well as in other mining. The output of utilities declined 0.3 percent, as a decrease for electric utilities was partly offset by an increase for gas utilities. For the third quarter as a whole, the index for mining grew 12.4 percent and the index for utilities fell 6.5 percent (annual rates).
Capacity utilization for manufacturing increased 0.3 percentage point in September to 80.0 percent, a rate that is 1.8 percentage points above its long-run average. The operating rate for mining rose 0.4 percentage point to 88.8 percent, while the operating rate for utilities fell 0.4 percentage point to 72.8 percent. The rate for mining was 2.5 percentage points above its long-run average, while the rate for utilities remained substantially below its long-run average.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.
G.17 Release Tables:
- Summary: Industrial Production and Capacity Utilization
- Chart 1: Industrial Production, Capacity, and Capacity Utilization
- Chart 2: Industrial Production and Capacity Utilization
- Chart 3: Industrial Production of Selected Industries
- Table 1: Industrial Production: Market and Industry Groups (percent change)
- Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change)
- Table 3: Motor Vehicle Assemblies
- Table 4: Industrial Production Indexes: Market and Industry Group Summary
- Table 5: Industrial Production Indexes: Special Aggregates
- Table 6: Diffusion Indexes of Industrial Production
- Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities
- Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change)
- Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies
- Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups
- Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry
- Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing
- Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries
- Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries
- Table 15: Industrial Production: Reliability Estimates