Accessible Version
Some Characteristics of the Decline in Manufacturing Capacity Utilization Accessible Data
Figure 1: Manufacturing Capacity Utilization Rate
| Period | Percent of Capacity |
|---|---|
| January 1948 | 84.43 |
| February 1948 | 83.96 |
| March 1948 | 83.38 |
| April 1948 | 82.8 |
| May 1948 | 83.3 |
| June 1948 | 83.65 |
| July 1948 | 83.38 |
| August 1948 | 82.66 |
| September 1948 | 81.49 |
| October 1948 | 81.69 |
| November 1948 | 80.24 |
| December 1948 | 79.31 |
| January 1949 | 77.94 |
| February 1949 | 76.88 |
| March 1949 | 75.89 |
| April 1949 | 74.16 |
| May 1949 | 73.18 |
| June 1949 | 73.08 |
| July 1949 | 73.13 |
| August 1949 | 73.61 |
| September 1949 | 74.8 |
| October 1949 | 71.68 |
| November 1949 | 72.02 |
| December 1949 | 73.63 |
| January 1950 | 74.94 |
| February 1950 | 75.39 |
| March 1950 | 76.39 |
| April 1950 | 79.21 |
| May 1950 | 81.04 |
| June 1950 | 83.12 |
| July 1950 | 85.48 |
| August 1950 | 88.37 |
| September 1950 | 87.23 |
| October 1950 | 87.48 |
| November 1950 | 87.03 |
| December 1950 | 88.1 |
| January 1951 | 88.33 |
| February 1951 | 88.29 |
| March 1951 | 88.38 |
| April 1951 | 88.2 |
| May 1951 | 87.35 |
| June 1951 | 86.64 |
| July 1951 | 84.87 |
| Aug 1951 | 83.64 |
| September 1951 | 83.75 |
| October 1951 | 83.06 |
| November 1951 | 83.56 |
| December 1951 | 83.91 |
| January 1952 | 84.38 |
| February 1952 | 84.6 |
| March 1952 | 84.66 |
| April 1952 | 83.56 |
| May 1952 | 83.11 |
| June 1952 | 81.9 |
| July 1952 | 79.8 |
| August 1952 | 85.1 |
| September 1952 | 87.69 |
| October 1952 | 88.75 |
| November 1952 | 90.18 |
| December 1952 | 90.49 |
| January 1953 | 90.55 |
| February 1953 | 91.1 |
| March 1953 | 91.43 |
| April 1953 | 91.5 |
| May 1953 | 91.69 |
| June1953 | 90.66 |
| July 1953 | 90.98 |
| August 1953 | 90.56 |
| September 1953 | 88.33 |
| October 1953 | 87.19 |
| November 1953 | 84.74 |
| December 1953 | 82.31 |
| January 1954 | 81.33 |
| February 1954 | 80.84 |
| March 1954 | 80.24 |
| April 1954 | 79.4 |
| May 1954 | 79.76 |
| June 1954 | 79.87 |
| July 1954 | 79.4 |
| August 1954 | 78.81 |
| September 1954 | 79.16 |
| October 1954 | 79.75 |
| November 1954 | 80.91 |
| December 1954 | 81.8 |
| January 1955 | 83.49 |
| February 1955 | 84.13 |
| March 1955 | 85.77 |
| April 1955 | 86.7 |
| May 1955 | 87.86 |
| June 1955 | 87.65 |
| July 1955 | 87.66 |
| August 1955 | 87.33 |
| September 1955 | 87.46 |
| October 1955 | 88.37 |
| November 1955 | 88.27 |
| December 1955 | 89.03 |
| January 1956 | 88.23 |
| February 1956 | 87.44 |
| March 1956 | 86.96 |
| April 1956 | 87.8 |
| May 1956 | 86.34 |
| June 1956 | 85.33 |
| July 1956 | 81.52 |
| August 1956 | 84.95 |
| September 1956 | 85.99 |
| October 1956 | 86.49 |
| November 1956 | 85.82 |
| December 1956 | 86.78 |
| January 1957 | 86.15 |
| February 1957 | 87 |
| March 1957 | 86.41 |
| April 1957 | 85 |
| May 1957 | 84.21 |
| June 1957 | 84.58 |
| July 1957 | 84.32 |
| August 1957 | 84.16 |
| September 1957 | 83.19 |
| October 1957 | 81.39 |
| November 1957 | 79.41 |
| December 1957 | 77.55 |
| January 1958 | 75.7 |
| February 1958 | 73.76 |
| March 1958 | 72.74 |
| April 1958 | 71.33 |
| May 1958 | 71.94 |
| June 1958 | 73.95 |
| July 1958 | 74.34 |
| August 1958 | 75.73 |
| September 1958 | 76.22 |
| October 1958 | 76.41 |
| November 1958 | 79.07 |
| December 1958 | 79.04 |
| January 1959 | 80.2 |
| February 1959 | 81.44 |
| March 1959 | 82.48 |
| April 1959 | 83.99 |
| May 1959 | 84.92 |
| June 1959 | 84.77 |
| July 1959 | 82.98 |
| August 1959 | 79.47 |
| September 1959 | 79.05 |
| October 1959 | 78.15 |
| November 1959 | 78.51 |
| December 1959 | 83.57 |
| January 1960 | 85.56 |
| February 1960 | 84.61 |
| March 1960 | 83.24 |
| April 1960 | 82.26 |
| May 1960 | 81.47 |
| June 1960 | 80.22 |
| July 1960 | 79.73 |
| August 1960 | 79.05 |
| September 1960 | 77.92 |
| October 1960 | 77.53 |
| November 1960 | 75.77 |
| December 1960 | 74.26 |
| January 1961 | 74.11 |
| February 1961 | 73.51 |
| March 1961 | 73.86 |
| April 1961 | 75.38 |
| May 1961 | 76.36 |
| June 1961 | 77.32 |
| July 1961 | 78.11 |
| August 1961 | 78.98 |
| September 1961 | 78.16 |
| October 1961 | 79.55 |
| November 1961 | 80.77 |
| December 1961 | 81.6 |
| January 1962 | 80.24 |
| February 1962 | 81.43 |
| March 1962 | 81.89 |
| April 1962 | 81.74 |
| May 1962 | 81.33 |
| June 1962 | 80.93 |
| July 1962 | 81.48 |
| August 1962 | 81.42 |
| September 1962 | 81.79 |
| October 1962 | 81.39 |
| November 1962 | 81.84 |
| December 1962 | 81.68 |
| January 1963 | 81.94 |
| February 1963 | 82.38 |
| March 1963 | 82.62 |
| April 1963 | 83.46 |
| May 1963 | 83.95 |
| June 1963 | 83.94 |
| July 1963 | 83.34 |
| August 1963 | 83.5 |
| September 1963 | 83.82 |
| October 1963 | 84.31 |
| November 1963 | 84.29 |
| December 1963 | 84.01 |
| January 1964 | 84.46 |
| February 1964 | 84.67 |
| March 1964 | 84.36 |
| April 1964 | 85.59 |
| May 1964 | 85.6 |
| June 1964 | 85.45 |
| July 1964 | 85.86 |
| August 1964 | 86.11 |
| September 1964 | 86.2 |
| October 1964 | 84.63 |
| November 1964 | 86.85 |
| December 1964 | 88 |
| January 1965 | 88.6 |
| February 1965 | 88.72 |
| March 1965 | 89.28 |
| April 1965 | 89.29 |
| May 1965 | 89.45 |
| June 1965 | 89.46 |
| July 1965 | 90.3 |
| August 1965 | 89.85 |
| September 1965 | 89.56 |
| October 1965 | 89.79 |
| November 1965 | 89.65 |
| December 1965 | 90.51 |
| January 1966 | 90.86 |
| February 1966 | 90.91 |
| March 1966 | 91.59 |
| April 1966 | 91.54 |
| May 1966 | 91.64 |
| June 1966 | 91.52 |
| July 1966 | 91.4 |
| August 1966 | 91.08 |
| September 1966 | 91.25 |
| October 1966 | 91.62 |
| November 1966 | 90.13 |
| December 1966 | 90.02 |
| January 1967 | 89.84 |
| February 1967 | 88.39 |
| March 1967 | 87.52 |
| April 1967 | 87.66 |
| May 1967 | 86.61 |
| June 1967 | 86.07 |
| July 1967 | 85.31 |
| August 1967 | 86.49 |
| September 1967 | 86.06 |
| October 1967 | 86.37 |
| November 1967 | 87.53 |
| December 1967 | 88 |
| January 1968 | 87.41 |
| February 1968 | 87.4 |
| March 1968 | 87.16 |
| April 1968 | 86.86 |
| May 1968 | 87.57 |
| June 1968 | 87.38 |
| July 1968 | 86.74 |
| August 1968 | 86.79 |
| September 1968 | 86.46 |
| October 1968 | 86.63 |
| November 1968 | 87.49 |
| December 1968 | 87.13 |
| January 1969 | 87.3 |
| February 1969 | 87.66 |
| March 1969 | 87.99 |
| April 1969 | 87.29 |
| May 1969 | 86.61 |
| June 1969 | 86.8 |
| July 1969 | 87.1 |
| August 1969 | 86.89 |
| September 1969 | 86.45 |
| October 1969 | 86.21 |
| November 1969 | 85 |
| December 1969 | 84.23 |
| January 1970 | 82.1 |
| February 1970 | 81.91 |
| March 1970 | 81.41 |
| April 1970 | 80.87 |
| May 1970 | 80.42 |
| June 1970 | 79.93 |
| July 1970 | 79.93 |
| August 1970 | 79.14 |
| September 1970 | 78.23 |
| October 1970 | 76.24 |
| November 1970 | 75.54 |
| December 1970 | 77.29 |
| January 1971 | 77.73 |
| February 1971 | 77.56 |
| March 1971 | 77.2 |
| April 1971 | 77.41 |
| May 1971 | 77.73 |
| June 1971 | 77.73 |
| July 1971 | 77.66 |
| August 1971 | 76.55 |
| September 1971 | 77.9 |
| October 1971 | 78.86 |
| November 1971 | 78.95 |
| December 1971 | 79.49 |
| January 1972 | 81.31 |
| February 1972 | 81.71 |
| March 1972 | 82.09 |
| April 1972 | 82.84 |
| May 1972 | 82.7 |
| June 1972 | 82.8 |
| July 1972 | 82.62 |
| August 1972 | 83.45 |
| September 1972 | 83.85 |
| October 1972 | 84.86 |
| November 1972 | 85.66 |
| December 1972 | 86.55 |
| January 1973 | 86.89 |
| February 1973 | 88.05 |
| March 1973 | 87.92 |
| April 1973 | 87.5 |
| May 1973 | 87.74 |
| June 1973 | 87.41 |
| July 1973 | 87.53 |
| August 1973 | 86.99 |
| September 1973 | 87.48 |
| October 1973 | 87.9 |
| November 1973 | 88.3 |
| December 1973 | 88.12 |
| January 1974 | 87.13 |
| February 1974 | 86.53 |
| March 1974 | 86.21 |
| April 1974 | 85.6 |
| May 1974 | 85.98 |
| June 1974 | 85.84 |
| July 1974 | 85.47 |
| August 1974 | 84.58 |
| September 1974 | 84.44 |
| October 1974 | 83.61 |
| November 1974 | 80.94 |
| December 1974 | 77.18 |
| January 1975 | 75.47 |
| February 1975 | 73.21 |
| March 1975 | 72.14 |
| April 1975 | 71.91 |
| May 1975 | 71.75 |
| June 1975 | 72.24 |
| July 1975 | 73.07 |
| August 1975 | 73.73 |
| September 1975 | 74.77 |
| October 1975 | 75.03 |
| November 1975 | 75.06 |
| December 1975 | 75.88 |
| January 1976 | 76.73 |
| February 1976 | 77.67 |
| March 1976 | 77.63 |
| April 1976 | 77.98 |
| May 1976 | 78.22 |
| June 1976 | 78.04 |
| July 1976 | 78.45 |
| August 1976 | 78.78 |
| September 1976 | 78.78 |
| October 1976 | 78.55 |
| November 1976 | 79.34 |
| December 1976 | 79.97 |
| January 1977 | 79.58 |
| February 1977 | 80.78 |
| March 1977 | 81.74 |
| April 1977 | 82.36 |
| May 1977 | 82.88 |
| June 1977 | 83.35 |
| July 1977 | 83.13 |
| August 1977 | 83.27 |
| September 1977 | 83.14 |
| October 1977 | 83.1 |
| November 1977 | 82.98 |
| December 1977 | 83.62 |
| January 1978 | 82.18 |
| February 1978 | 82.22 |
| March 1978 | 83.4 |
| April 1978 | 84.49 |
| May 1978 | 84.5 |
| June 1978 | 84.9 |
| July 1978 | 84.58 |
| August 1978 | 84.73 |
| September 1978 | 84.85 |
| October 1978 | 85.22 |
| November 1978 | 85.75 |
| December 1978 | 86.16 |
| January 1979 | 85.2 |
| February 1979 | 85.29 |
| March 1979 | 85.46 |
| April 1979 | 83.91 |
| May 1979 | 84.71 |
| June 1979 | 84.57 |
| July 1979 | 84.46 |
| August 1979 | 83.18 |
| September 1979 | 83.18 |
| October 1979 | 83.25 |
| November 1979 | 82.86 |
| December 1979 | 82.9 |
| January 1980 | 83.08 |
| February 1980 | 82.81 |
| March 1980 | 81.99 |
| April 1980 | 80.08 |
| May 1980 | 77.56 |
| June 1980 | 76.2 |
| July 1980 | 75.19 |
| August 1980 | 75.57 |
| September 1980 | 76.58 |
| October 1980 | 77.73 |
| November 1980 | 78.97 |
| December 1980 | 78.95 |
| January 1981 | 78.46 |
| February 1981 | 77.78 |
| March 1981 | 77.82 |
| April 1981 | 78.01 |
| May 1981 | 78.16 |
| June 1981 | 77.53 |
| July 1981 | 77.47 |
| August 1981 | 77.33 |
| September 1981 | 76.77 |
| October 1981 | 75.88 |
| November 1981 | 74.77 |
| December 1981 | 73.34 |
| January 1982 | 71.41 |
| February 1982 | 73.23 |
| March 1982 | 72.49 |
| April 1982 | 71.82 |
| May 1982 | 71.61 |
| June 1982 | 71.38 |
| July 1982 | 71.21 |
| August 1982 | 70.51 |
| September 1982 | 70.26 |
| October 1982 | 69.36 |
| November 1982 | 68.86 |
| December 1982 | 68.58 |
| January 1983 | 70.18 |
| February 1983 | 70.06 |
| March 1983 | 70.65 |
| April 1983 | 71.43 |
| May 1983 | 72.29 |
| June 1983 | 72.82 |
| July 1983 | 73.84 |
| August 1983 | 74.37 |
| September 1983 | 75.72 |
| October 1983 | 76.51 |
| November 1983 | 76.74 |
| December 1983 | 76.87 |
| January 1984 | 78.17 |
| February 1984 | 78.89 |
| March 1984 | 79.12 |
| April 1984 | 79.42 |
| May 1984 | 79.43 |
| June 1984 | 79.62 |
| July 1984 | 79.79 |
| August 1984 | 79.73 |
| September 1984 | 79.34 |
| October 1984 | 79.42 |
| November 1984 | 79.45 |
| December 1984 | 79.49 |
| January 1985 | 78.98 |
| February 1985 | 78.48 |
| March 1985 | 78.87 |
| April 1985 | 78.31 |
| May 1985 | 78.25 |
| June 1985 | 78.18 |
| July 1985 | 77.53 |
| August 1985 | 77.8 |
| September 1985 | 77.74 |
| October 1985 | 77.38 |
| November 1985 | 77.76 |
| December 1985 | 77.98 |
| January 1986 | 78.75 |
| February 1986 | 78.24 |
| March 1986 | 77.93 |
| April 1986 | 78.16 |
| May 1986 | 78.25 |
| June 1986 | 77.9 |
| July 1986 | 78.19 |
| August 1986 | 78.34 |
| September 1986 | 78.39 |
| October 1986 | 78.58 |
| November 1986 | 78.8 |
| December 1986 | 79.3 |
| January 1987 | 78.9 |
| February 1987 | 79.87 |
| March 1987 | 79.73 |
| April 1987 | 80 |
| May 1987 | 80.35 |
| June 1987 | 80.42 |
| July 1987 | 80.86 |
| August 1987 | 81.19 |
| September 1987 | 81.46 |
| October 1987 | 82.58 |
| November 1987 | 82.94 |
| December 1987 | 83.32 |
| January 1988 | 83.1 |
| February 1988 | 83.23 |
| March 1988 | 83.41 |
| April 1988 | 84.08 |
| May 1988 | 83.91 |
| June 1988 | 84.03 |
| July 1988 | 83.97 |
| August 1988 | 83.98 |
| September 1988 | 84.24 |
| October 1988 | 84.6 |
| November 1988 | 84.73 |
| December 1988 | 85.04 |
| January 1989 | 85.62 |
| February 1989 | 84.64 |
| March 1989 | 84.39 |
| April 1989 | 84.44 |
| May 1989 | 83.49 |
| June 1989 | 83.46 |
| July 1989 | 82.35 |
| August 1989 | 82.84 |
| September 1989 | 82.4 |
| October 1989 | 82.05 |
| November 1989 | 82.02 |
| December 1989 | 81.87 |
| Janury 1990 | 81.48 |
| February 1990 | 82.46 |
| March 1990 | 82.66 |
| April 1990 | 82.27 |
| May 1990 | 82.2 |
| June 1990 | 82.26 |
| July 1990 | 81.96 |
| August 1990 | 82.05 |
| September 1990 | 81.87 |
| October 1990 | 81.06 |
| November 1990 | 80.03 |
| December 1990 | 79.33 |
| January 1991 | 78.63 |
| February 1991 | 78 |
| March 1991 | 77.34 |
| April 1991 | 77.51 |
| May 1991 | 77.96 |
| June 1991 | 78.68 |
| July 1991 | 78.83 |
| August 1991 | 78.88 |
| September 1991 | 79.62 |
| October 1991 | 79.35 |
| November 1991 | 79.06 |
| December 1991 | 78.77 |
| January 1992 | 78.12 |
| February 1992 | 78.62 |
| March 1992 | 79.25 |
| April 1992 | 79.49 |
| May 1992 | 79.74 |
| June 1992 | 79.77 |
| July 1992 | 80.27 |
| August 1992 | 79.73 |
| September 1992 | 79.58 |
| October 1992 | 79.91 |
| November 1992 | 80.06 |
| December 1992 | 79.81 |
| January 1993 | 80.42 |
| February 1993 | 80.47 |
| March 1993 | 80.15 |
| April 1993 | 80.45 |
| May 1993 | 80.28 |
| June 1993 | 80.03 |
| July 1993 | 80.13 |
| August 1993 | 79.84 |
| September 1993 | 80.22 |
| October 1993 | 80.76 |
| November 1993 | 80.94 |
| December 1993 | 81.22 |
| January 1994 | 81.17 |
| February 1994 | 81.05 |
| March 1994 | 81.91 |
| April 1994 | 82.35 |
| May 1994 | 82.64 |
| June 1994 | 82.6 |
| July 1994 | 82.66 |
| August 1994 | 83.02 |
| September 1994 | 83.13 |
| October 1994 | 83.65 |
| November 1994 | 83.99 |
| December 1994 | 84.6 |
| January 1995 | 84.44 |
| February 1995 | 83.91 |
| March 1995 | 83.79 |
| April 1995 | 83.35 |
| May 1995 | 83.13 |
| June 1995 | 83.19 |
| July 1995 | 82.29 |
| August 1995 | 82.83 |
| September 1995 | 83.18 |
| October 1995 | 82.74 |
| November 1995 | 82.41 |
| December 1995 | 82.3 |
| January 1996 | 81.25 |
| February 1996 | 82.1 |
| March 1996 | 81.51 |
| April 1996 | 81.98 |
| May 1996 | 82.16 |
| June 1996 | 82.56 |
| July 1996 | 82.29 |
| August 1996 | 82.3 |
| September 1996 | 82.55 |
| October 1996 | 81.96 |
| November 1996 | 82.21 |
| December 1996 | 82.48 |
| January 1997 | 82.07 |
| February 1997 | 82.76 |
| March 1997 | 83.15 |
| April 1997 | 82.52 |
| May 1997 | 82.66 |
| June 1997 | 82.7 |
| July 1997 | 82.71 |
| August 1997 | 83.2 |
| September 1997 | 83.36 |
| October 1997 | 83.49 |
| November 1997 | 83.77 |
| December 1997 | 83.46 |
| January 1998 | 83.53 |
| February 1998 | 83 |
| March 1998 | 82.29 |
| April 1998 | 82.08 |
| May 1998 | 81.92 |
| June 1998 | 80.73 |
| July 1998 | 79.91 |
| August 1998 | 81.35 |
| September 1998 | 80.71 |
| October 1998 | 81.04 |
| November 1998 | 80.74 |
| December 1998 | 80.76 |
| January 1999 | 80.59 |
| February 1999 | 80.85 |
| March 1999 | 80.43 |
| April 1999 | 80.37 |
| May 1999 | 80.75 |
| June 1999 | 80.12 |
| July 1999 | 80.15 |
| August 1999 | 80.3 |
| September 1999 | 79.64 |
| October 1999 | 80.49 |
| November 1999 | 80.65 |
| December 1999 | 80.85 |
| January 2000 | 80.6 |
| February 2000 | 80.41 |
| March 2000 | 80.6 |
| April 2000 | 80.87 |
| May 2000 | 80.43 |
| June 2000 | 80.28 |
| July 2000 | 80.06 |
| August 2000 | 79.2 |
| September 2000 | 79.23 |
| October 2000 | 78.7 |
| November 2000 | 78.19 |
| December 2000 | 77.48 |
| January 2001 | 76.76 |
| February 2001 | 76.03 |
| March 2001 | 75.57 |
| April 2001 | 75.16 |
| May 2001 | 74.4 |
| June 2001 | 73.72 |
| July 2001 | 73.22 |
| August 2001 | 72.71 |
| September 2001 | 72.42 |
| October 2001 | 71.87 |
| November 2001 | 71.56 |
| December 2001 | 71.68 |
| January 2002 | 71.99 |
| February 2002 | 71.92 |
| March 2002 | 72.44 |
| April 2002 | 72.54 |
| May 2002 | 72.9 |
| June 2002 | 73.71 |
| July 2002 | 73.44 |
| August 2002 | 73.59 |
| September 2002 | 73.68 |
| October 2002 | 73.39 |
| November 2002 | 73.72 |
| December 2002 | 73.34 |
| January 2003 | 73.7 |
| February 2003 | 73.79 |
| March 2003 | 73.9 |
| April 2003 | 73.28 |
| May 2003 | 73.36 |
| June 2003 | 73.72 |
| July 2003 | 73.88 |
| August 2003 | 73.57 |
| September 2003 | 74.19 |
| October 2003 | 74.29 |
| November 2003 | 75.09 |
| December 2003 | 74.96 |
| January 2004 | 74.94 |
| February 2004 | 75.52 |
| March 2004 | 75.44 |
| April 2004 | 75.75 |
| May 2004 | 76.39 |
| June 2004 | 75.85 |
| July 2004 | 76.52 |
| August 2004 | 76.86 |
| September 2004 | 76.8 |
| October 2004 | 77.51 |
| November 2004 | 77.38 |
| December 2004 | 77.83 |
| January 2005 | 78.3 |
| February 2005 | 78.8 |
| March 2005 | 78.28 |
| April 2005 | 78.39 |
| May 2005 | 78.51 |
| June 2005 | 78.48 |
| July 2005 | 78.02 |
| August 2005 | 78.15 |
| September 2005 | 77.24 |
| October 2005 | 78.24 |
| November 2005 | 78.7 |
| December 2005 | 78.68 |
| January 2006 | 79.17 |
| February 2006 | 78.81 |
| March 2006 | 78.65 |
| April 2006 | 78.96 |
| May 2006 | 78.48 |
| June 2006 | 78.63 |
| July 2006 | 78.26 |
| August 2006 | 78.61 |
| September 2006 | 78.54 |
| October 2006 | 78.11 |
| November 2006 | 78 |
| December 2006 | 78.98 |
| January 2007 | 78.4 |
| February 2007 | 78.54 |
| March 2007 | 79 |
| April 2007 | 79.36 |
| May 2007 | 79.1 |
| June 2007 | 79.15 |
| July 2007 | 79.03 |
| August 2007 | 78.63 |
| September 2007 | 78.83 |
| October 2007 | 78.38 |
| November 2007 | 78.7 |
| December 2007 | 78.71 |
| January 2008 | 78.35 |
| February 2008 | 77.87 |
| March 2008 | 77.65 |
| April 2008 | 76.87 |
| May 2008 | 76.56 |
| June 2008 | 76.22 |
| July 2008 | 75.42 |
| August 2008 | 74.65 |
| September 2008 | 72.22 |
| October 2008 | 71.9 |
| November 2008 | 70.33 |
| December 2008 | 68.01 |
| January 2009 | 66.06 |
| February 2009 | 66.06 |
| March 2009 | 64.94 |
| April 2009 | 64.5 |
| May 2009 | 63.87 |
| June 2009 | 63.73 |
| July 2009 | 64.72 |
| August 2009 | 65.57 |
| September 2009 | 66.21 |
| October 2009 | 66.45 |
| November 2009 | 67.19 |
| December 2009 | 67.15 |
| January 2010 | 67.98 |
| February 2010 | 68.06 |
| March 2010 | 69 |
| April 2010 | 69.71 |
| May 2010 | 70.83 |
| June 2010 | 70.92 |
| July 2010 | 71.47 |
| August 2010 | 71.75 |
| September 2010 | 71.91 |
| October 2010 | 72.13 |
| November 2010 | 72.25 |
| December 2010 | 72.62 |
| January 2011 | 72.87 |
| February 2011 | 73.01 |
| March 2011 | 73.49 |
| April 2011 | 73.09 |
| May 2011 | 73.22 |
| June 2011 | 73.28 |
| July 2011 | 73.67 |
| August 2011 | 73.92 |
| September 2011 | 74.11 |
| October 2011 | 74.5 |
| November 2011 | 74.18 |
| December 2011 | 74.58 |
| January 2012 | 75.19 |
| February 2012 | 75.38 |
| March 2012 | 74.9 |
| April 2012 | 75.28 |
| May 2012 | 74.88 |
| June 2012 | 74.95 |
| July 2012 | 74.75 |
| August 2012 | 74.53 |
| September 2012 | 74.41 |
| October 2012 | 74.16 |
| November 2012 | 74.64 |
| December 2012 | 75.09 |
| January 2013 | 74.8 |
| February 2013 | 75.09 |
| March 2013 | 74.87 |
| April 2013 | 74.53 |
| May 2013 | 74.65 |
| June 2013 | 74.76 |
| July 2013 | 73.94 |
| August 2013 | 74.65 |
| September 2013 | 74.71 |
| October 2013 | 74.77 |
| November 2013 | 74.74 |
| December 2013 | 74.69 |
| January 2014 | 73.9 |
| February 2014 | 74.7 |
| March 2014 | 75.26 |
| April 2014 | 75.22 |
| May 2014 | 75.38 |
| June 2014 | 75.64 |
| July 2014 | 75.83 |
| August 2014 | 75.56 |
| September 2014 | 75.56 |
| October 2014 | 75.55 |
| November 2014 | 76.24 |
| December 2014 | 75.97 |
| January 2015 | 75.7 |
| February 2015 | 75.35 |
| March 2015 | 75.56 |
| April 2015 | 75.62 |
| May 2015 | 75.55 |
| June 2015 | 75.34 |
| July 2015 | 75.79 |
| August 2015 | 75.71 |
| September 2015 | 75.48 |
| October 2015 | 75.56 |
| November 2015 | 75.45 |
| December 2015 | 75.21 |
| January 2016 | 75.59 |
| February 2016 | 75.43 |
| March 2016 | 75.22 |
| April 2016 | 75.15 |
| May 2016 | 74.96 |
| June 2016 | 75.06 |
| July 2016 | 75.07 |
| August 2016 | 74.75 |
| September 2016 | 74.89 |
| October 2016 | 74.98 |
| November 2016 | 75.07 |
| December 2016 | 75.16 |
| January 2017 | 75.41 |
| February 2017 | 75.61 |
| March 2017 | 75.05 |
| April 2017 | 75.99 |
| May 2017 | 75.57 |
| June 2017 | 75.6 |
| July 2017 | 75.31 |
| August 2017 | 75.15 |
| September 2017 | 75.19 |
| October 2017 | 76.26 |
| November 2017 | 76.42 |
| December 2017 | 76.44 |
Note: Shaded bars indicate periods of business recession as defined by the National Bureau of Economic Research (NBER): November 1948-October 1949, July 1953-May 1954, August 1957-April 1958, April 1960-February 1961, December 1969-November 1970, November 1973-March 1975, January 1980-July 1980, July 1981-November 1982, July 1990-March 1991, March 2001-November 2001, and December 2007-June 2009.
Source: Federal Reserve Board, G.17 Statistical Release on Industrial Production and Capacity Utilization.
Figure 2: Manufacturing Capacity Utilization with Fixed 1972 Weights and Contemporaneous Weights
| Period | 1972 Weights | Contemporaneous Weights |
|---|---|---|
| 1972 | 83.25 | 83.25 |
| 1973 | 87.56 | 87.68 |
| 1974 | 83.69 | 84.53 |
| 1975 | 73.05 | 73.57 |
| 1976 | 78.16 | 78.43 |
| 1977 | 82.18 | 82.44 |
| 1978 | 84.29 | 84.35 |
| 1979 | 83.62 | 84.01 |
| 1980 | 77.3 | 78.45 |
| 1981 | 75.61 | 76.59 |
| 1982 | 68.26 | 70.31 |
| 1983 | 71.6 | 72.92 |
| 1984 | 77.86 | 78.87 |
| 1985 | 76.63 | 77.57 |
| 1986 | 76.91 | 77.92 |
| 1987 | 79.53 | 80.54 |
| 1988 | 83.19 | 83.75 |
| 1989 | 82.67 | 83.1 |
| 1990 | 80.97 | 81.54 |
| 1991 | 77.66 | 78.43 |
| 1992 | 79.13 | 79.51 |
| 1993 | 80.55 | 80.37 |
| 1994 | 83.07 | 82.73 |
| 1995 | 82.96 | 83.18 |
| 1996 | 82.1 | 82.24 |
| 1997 | 82.76 | 82.84 |
| 1998 | 81.38 | 81.26 |
| 1999 | 79.4 | 80.08 |
| 2000 | 78.42 | 79.21 |
| 2001 | 72.94 | 73.36 |
| 2002 | 72.21 | 72.62 |
| 2003 | 72.53 | 73.58 |
| 2004 | 75.01 | 76.08 |
| 2005 | 77.29 | 78.09 |
| 2006 | 77.96 | 78.54 |
| 2007 | 78.71 | 78.9 |
| 2008 | 74.26 | 74.52 |
| 2009 | 61.61 | 65.47 |
| 2010 | 68.57 | 70.93 |
| 2011 | 71.86 | 73.98 |
| 2012 | 73.88 | 75.3 |
| 2013 | 73.94 | 75.11 |
| 2014 | 74.73 | 75.8 |
| 2015 | 74.43 | 75.93 |
| 2016 | 73.58 | 75.52 |
| 2017 | 74.03 | 76.22 |
Source: Federal Reserve Board, G.17 Statistical Release on Industrial Production and Capacity Utilization.
Figure 3: Reasons for Operating Below Full Capacity
| Period | Insufficient Orders | Insufficient supply of local labor force/skills |
|---|---|---|
| Q4-1997 | 75.01 | 19.29 |
| Q4-1998 | 78.06 | 18.15 |
| Q4-1999 | 72.14 | 20.43 |
| Q4-2000 | 75.95 | 15.87 |
| Q4-2001 | 81.7 | 8.67 |
| Q4-2002 | 81.98 | 7.6 |
| Q4-2003 | 80.93 | 7.94 |
| Q4-2004 | 76.95 | 11.85 |
| Q4-2005 | 75.51 | 14.24 |
| Q4-2006 | 76.03 | 14.49 |
| Q4-2007 | ND | ND |
| Q1-2008 | 77.27 | 9.9 |
| Q2-2008 | 76.96 | 8.97 |
| Q3-2008 | 81.93 | 6.09 |
| Q4-2008 | 83.41 | 2.85 |
| Q1-2009 | 86.3 | 2.15 |
| Q2-2009 | 87.79 | 1.43 |
| Q3-2009 | 87.95 | 1.82 |
| Q4-2009 | 85.95 | 1.51 |
| Q1-2010 | 86.04 | 3.95 |
| Q2-2010 | 84.82 | 5.68 |
| Q3-2010 | 83.52 | 5.28 |
| Q4-2010 | 84.1 | 5.23 |
| Q1-2011 | 83.17 | 6.19 |
| Q2-2011 | 81.85 | 6.89 |
| Q3-2011 | 82.87 | 6.76 |
| Q4-2011 | 81.01 | 6.61 |
| Q1-2012 | 83.58 | 7.59 |
| Q2-2012 | 83.69 | 7.7 |
| Q3-2012 | 84.2 | 6.91 |
| Q4-2012 | 83.65 | 5.42 |
| Q1-2013 | 83.72 | 6.34 |
| Q2-2013 | 84.66 | 6.17 |
| Q3-2013 | 82.88 | 6.38 |
| Q4-2013 | 81.69 | 6.51 |
| Q1-2014 | 82.36 | 7.42 |
| Q2-2014 | 81.24 | 9.15 |
| Q3-2014 | 81.49 | 9.54 |
| Q4-2014 | 81.06 | 7.99 |
| Q1-2015 | 81.04 | 9.02 |
| Q2-2015 | 75.23 | 13.76 |
| Q3-2015 | 76.23 | 13.08 |
| Q4-2015 | 75.27 | 11.19 |
| Q1-2016 | 77.97 | 12.67 |
| Q2-2016 | 80.25 | 12.32 |
| Q3-2016 | 79.02 | 10.47 |
| Q4-2016 | 76.93 | 11.73 |
| Q1-2017 | 77 | 12.5 |
| Q2-2017 | 75.77 | 14.26 |
| Q3-2017 | 73.47 | 17.37 |
Notes: Gaps in series represent the ending of the annual Survey of Plant Capacity in 2006 and the start of the Quarterly Survey of Plant Capacity in 2007.
Source: U.S. Census Bureau, Survey of Plant Capacity and Quarterly Survey of Plant Capacity.
Figure 4: Changes in capacity utilization rates by quartile bins
| Year | 1st Quartile | 2nd Quartile | 3rd Quartile | 4th Quartile |
|---|---|---|---|---|
| 1972 | 85.85 | 87.34 | 78.77 | 83.93 |
| 1973 | 89.25 | 90.39 | 83.68 | 88.36 |
| 1974 | 84.52 | 85.98 | 81.41 | 86.22 |
| 1975 | 76.54 | 74.24 | 69.52 | 71.71 |
| 1976 | 81.24 | 79.49 | 76.25 | 77.61 |
| 1977 | 84.72 | 83.60 | 81.63 | 80.94 |
| 1978 | 86.56 | 85.12 | 83.69 | 83.58 |
| 1979 | 85.46 | 83.73 | 82.82 | 84.09 |
| 1980 | 81.74 | 74.89 | 78.13 | 76.54 |
| 1981 | 78.77 | 74.36 | 75.99 | 75.84 |
| 1982 | 73.69 | 67.10 | 69.11 | 69.56 |
| 1983 | 77.12 | 72.10 | 73.87 | 73.44 |
| 1984 | 81.09 | 79.86 | 81.31 | 79.03 |
| 1985 | 78.46 | 77.01 | 78.67 | 77.68 |
| 1986 | 79.28 | 77.83 | 77.56 | 79.05 |
| 1987 | 82.50 | 79.94 | 80.90 | 83.28 |
| 1988 | 83.89 | 83.15 | 84.22 | 87.00 |
| 1989 | 82.97 | 82.57 | 82.79 | 85.65 |
| 1990 | 81.80 | 80.39 | 81.29 | 85.09 |
| 1991 | 78.35 | 76.37 | 78.42 | 81.67 |
| 1992 | 81.00 | 78.37 | 80.36 | 82.96 |
| 1993 | 80.56 | 81.37 | 82.08 | 84.74 |
| 1994 | 82.30 | 84.69 | 85.39 | 87.27 |
| 1995 | 81.77 | 83.32 | 84.96 | 87.64 |
| 1996 | 79.95 | 82.23 | 83.97 | 87.24 |
| 1997 | 80.78 | 83.83 | 83.38 | 88.73 |
| 1998 | 79.27 | 81.33 | 83.47 | 86.02 |
| 1999 | 76.63 | 79.66 | 82.06 | 86.19 |
| 2000 | 75.94 | 78.58 | 79.88 | 84.94 |
| 2001 | 69.19 | 72.26 | 71.31 | 78.36 |
| 2002 | 67.48 | 72.63 | 72.14 | 79.54 |
| 2003 | 67.62 | 72.72 | 73.26 | 80.49 |
| 2004 | 70.76 | 75.29 | 77.03 | 83.84 |
| 2005 | 74.09 | 77.20 | 79.39 | 83.58 |
| 2006 | 73.35 | 77.64 | 79.44 | 83.73 |
| 2007 | 70.92 | 77.45 | 77.83 | 85.15 |
| 2008 | 65.34 | 73.01 | 72.96 | 79.34 |
| 2009 | 54.56 | 59.38 | 64.97 | 69.95 |
| 2010 | 59.40 | 65.45 | 71.19 | 78.84 |
| 2011 | 62.13 | 67.47 | 73.29 | 81.74 |
| 2012 | 62.92 | 70.44 | 74.79 | 82.28 |
| 2013 | 64.23 | 70.28 | 75.17 | 82.61 |
| 2014 | 63.35 | 70.43 | 75.62 | 85.38 |
| 2015 | 63.54 | 71.23 | 75.61 | 85.39 |
| 2016 | 62.69 | 72.48 | 74.89 | 84.76 |
Source: Federal Reserve Board, G.17 Statistical Release on Industrial Production and Capacity Utilization.
Figure 5: Average utilization rate of continuous reporters
| Period | Percent of Capacity, Continuing Establishments | Percent of Capacity, Manufacturing Industry |
|---|---|---|
| Q4-1979 | 80.24 | 83 |
| Q4-1980 | 72.92 | 78.55 |
| Q4-1981 | 66.53 | 74.66 |
| Q4-1982 | 61.98 | 68.93 |
| Q4-1983 | 71.2 | 76.7 |
| Q4-1984 | 74.03 | 79.45 |
| Q4-1985 | 70.91 | 77.71 |
| Q4-1986 | 72.98 | 78.89 |
| Q4-1987 | 78.04 | 82.95 |
| Q4-1988 | 78.04 | 84.79 |
| Q4-1989 | 78.88 | 81.98 |
| Q4-1990 | 78.27 | 80.14 |
| Q4-1991 | 78.44 | 79.06 |
| Q4-1992 | 79.2 | 79.93 |
| Q4-1993 | 80.95 | 80.97 |
| Q4-1995 | 79.44 | 82.48 |
| Q4-1996 | 78.9 | 82.22 |
| Q4-1997 | 74.65 | 83.57 |
| Q4-1998 | 73.11 | 80.84 |
| Q4-1999 | 73.83 | 80.66 |
Notes: Data for 1994 are excluded due to different data reporting practices in that year.
Source: U.S. Census Bureau, Survey of Plant Capacity.