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

Release Date: June 17, 2008
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INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
 
 
Industrial production
2002=100 Percent change
2007
Dec.[r]
2008 2007
Dec.[r]
2008 May '07 to
May '08
Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p]
       
Total index  112.4  112.5  111.8  111.9  111.1  110.9     .1     .1    -.6     .1    -.7    -.2    -.1
   Previous estimates  112.4  112.6  111.8  112.0  111.2           .1     .1    -.7     .2    -.7    
       
Major market groups      
Final Products  113.5  113.9  113.3  113.3  112.0  111.9     .2     .4    -.6     .0   -1.1    -.1    -.5
   Consumer goods  107.4  108.0  107.2  107.0  105.8  105.6     .0     .5    -.7    -.2   -1.1    -.2   -1.6
   Business equipment  131.2  131.5  131.3  132.2  130.0  130.0     .7     .3    -.2     .7   -1.7     .0    2.2
Nonindustrial supplies  107.6  107.7  106.3  106.8  106.0  105.8    -.3     .1   -1.2     .4    -.7    -.2   -1.9
   Construction  104.2  103.7  102.4  102.1  100.7  100.5    -.3    -.5   -1.3    -.3   -1.4    -.1   -5.6
Materials  113.1  112.9  112.3  112.5  112.0  111.8     .1    -.2    -.5     .2    -.4    -.2    1.0
       
Major industry groups      
Manufacturing (see note below)  113.8  113.8  113.0  113.3  112.3  112.3     .0     .0    -.7     .2    -.9     .0    -.3
   Previous estimates  113.8  113.8  113.0  113.0  112.1           .1     .0    -.7     .0    -.8    
Mining  103.9  103.3  103.6  103.2  102.7  102.8    1.0    -.6     .3    -.3    -.6     .1    2.2
Utilities  108.2  110.6  109.0  109.0  109.0  107.0    -.7    2.1   -1.4     .0     .0   -1.8    -.6

 
 
 
 
Capacity utilization
 
Percent of capacity
Capacity
growth
Average
1972-
2007
1988-
89
high
1990-
91
low
1994-
95
high
2001-
02
low
 
2007
May[p]
   
2007
Dec.[r]
2008 May '07 to
May '08
Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p]
       
Total industry   81.0   85.0   78.6   85.1   73.6   80.9   81.0   81.0   80.3   80.3   79.6   79.4    1.8
   Previous estimates                                       81.0   81.0   80.3   80.4   79.7            
       
Manufacturing (see note below)   79.7   85.4   77.1   84.6   71.5   79.4   79.2   79.1   78.4   78.5   77.7   77.5    2.0
   Previous estimates                                       79.2   79.1   78.4   78.3   77.5            
Mining   87.5   86.3   83.6   88.7   84.8   88.7   91.2   90.4   90.5   90.1   89.6   89.6    1.1
Utilities   86.8   92.7   84.1   93.9   84.6   86.0   85.5   87.5   85.8   85.6   85.4   83.7    2.1
       
Stage-of-process groups      
Crude   86.6   88.3   84.4   89.5   81.9   88.3   90.3   89.4   89.4   89.4   88.8   89.0     .9
Primary and semifinished   82.2   86.4   77.8   88.2   74.6   81.7   81.0   81.4   80.3   80.2   79.8   79.3    2.3
Finished   77.7   82.8   77.1   80.4   69.9   77.3   77.6   77.5   77.0   77.1   76.0   75.9    1.9

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.


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