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

Release Date: March 15, 2004
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INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
 
 
Industrial production
1997=100 Percent change
2003 2004 2003 2004 Feb. '03 to
Feb. '04
Nov. Dec. Jan. Feb. Nov. Dec. Jan. Feb.
                   
Total index  112.9  112.9  113.8  114.6    1.0     .0     .8     .7    2.7
   Previous estimates  112.9  112.9  113.8          1.0     .0     .8    
                   
Major market groups                  
Final Products  108.9  108.7  109.2  110.1    1.2    -.2     .5     .8    1.7
   Consumer goods  107.1  106.9  107.5  108.3    1.1    -.2     .6     .7    1.2
   Business equipment  112.7  112.9  113.6  114.8    1.7     .2     .6    1.1    3.9
Nonindustrial supplies  110.4  110.4  111.5  112.1     .8     .0    1.0     .6    2.4
   Construction  104.4  104.3  104.6  105.2    1.2    -.1     .3     .6    3.2
Materials  117.9  118.2  119.4  120.2     .8     .3    1.0     .7    3.8
                   
Major industry groups                  
Manufacturing (see note below)  114.2  114.3  114.6  115.7    1.1     .1     .2    1.0    3.2
   Previous estimates  114.1  114.2  114.6          1.0     .1     .3    
Mining   93.6   93.5   93.9   94.0    -.1    -.1     .4     .1     .8
Utilities  111.9  111.2  117.1  116.3     .8    -.7    5.3    -.7    -.1

 
 
 
Capacity utilization
 
Percent of capacity
Capacity
growth
Feb. '03 to
Feb. '04
Average
1972-2003
1982
Low
1988-89
High
2003
Feb.
2003 2004
Nov. Dec. Jan. Feb.
                   
Total industry   81.1   70.9   85.2   75.4   75.7   75.6   76.1   76.6    1.1
   Previous estimates                           75.7   75.6   76.2            
                   
Manufacturing (see note below)   80.0   68.7   85.6   73.5   74.4   74.4   74.6   75.2     .9
   Previous estimates                           74.3   74.4   74.6            
Mining   86.9   78.6   85.6   84.7   85.3   85.2   85.6   85.7    -.4
Utilities   86.9   77.6   92.8   88.7   82.8   82.0   86.1   85.3    3.9
                   
Stage-of-process groups                  
Crude   86.3   77.2   88.5   83.4   83.7   83.8   84.3   84.6    -.9
Primary and semifinished   82.2   68.1   86.4   77.8   77.7   77.7   78.7   79.1    1.8
Finished   78.2   71.3   83.2   71.1   71.9   71.8   71.7   72.3     .6

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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