Federal Reserve Statistical Release, G.17, Industrial Production and Capacity Utilization; title with eagle logo links to Statistical Release home page

Release Date: August 17, 2004
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INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
 
 
Industrial production
1997=100 Percent change
2004 2004 July '03 to
July '04
Apr. May June July Apr. May June July
                   
Total index  115.3  116.3  115.8  116.2     .5     .9    -.5     .4    4.9
   Previous estimates  115.5  116.5  116.2           .8     .9    -.3    
                   
Major market groups                  
Final Products  111.0  112.1  111.2  111.9     .3    1.0    -.7     .6    4.4
   Consumer goods  108.6  109.5  108.2  108.5     .1     .9   -1.2     .2    2.5
   Business equipment  117.3  118.9  119.4  121.2     .9    1.4     .4    1.5   10.8
Nonindustrial supplies  113.8  114.6  114.2  114.6    1.4     .7    -.4     .4    5.5
   Construction  106.0  106.8  106.5  106.6     .8     .8    -.3     .1    5.0
Materials  120.2  121.3  121.1  121.3     .5     .9    -.2     .2    5.1
                   
Major industry groups                  
Manufacturing (see note below)  117.1  117.7  117.5  118.2     .7     .5    -.2     .6    5.8
   Previous estimates  117.1  117.8  117.7           .7     .6    -.1    
Mining   93.1   93.1   92.3   93.4     .4     .0    -.8    1.2     .0
Utilities  112.9  118.0  115.0  112.6    -.5    4.6   -2.6   -2.0    1.2

 
 
 
Capacity utilization
 
Percent of capacity
Capacity
growth
July '03 to
July '04
Average
1972-2003
1982
Low
1988-89
High
2003
July
2004
Apr. May June July
                   
Total industry   81.1   70.9   85.2   74.5   76.8   77.4   76.9   77.1    1.4
   Previous estimates                           77.0   77.6   77.2            
                   
Manufacturing (see note below)   80.0   68.7   85.6   73.0   75.9   76.2   75.9   76.3    1.3
   Previous estimates                           75.9   76.2   76.0            
Mining   86.9   78.6   85.6   85.0   84.8   84.8   84.1   85.0     .0
Utilities   86.9   77.6   92.8   83.4   82.5   86.2   83.9   82.2    2.7
                   
Stage-of-process groups                  
Crude   86.3   77.2   88.5   83.9   84.6   84.8   84.7   85.5    -.3
Primary and semifinished   82.2   68.1   86.4   76.3   78.9   79.7   79.1   78.9    2.1
Finished   78.2   71.3   83.2   70.8   73.2   73.5   73.1   73.7     .7

r Revised. p Preliminary.
The statistics in this release cover output, capacity, and capacity utilization in the
industrial sector, which the Federal Reserve defines as manufacturing, mining, and electric and
gas utilities. Manufacturing comprises those industries included in the North American Industry
Classification System, or NAICS, manufacturing plus the logging and newspaper, periodical,
book and directory publishing industries that have traditionally been considered manufacturing and included
in the industrial sector.


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