Announcements

This feed provides information about industrial production and capacity utilization data from the Federal Reserve Board's G.17 release available through the Data Download Program (DDP).

March 15, 2024

G.17 Data for February2024 are now available

Industrial production and capacity utilization data for February 2024 are now available.

Industrial production edged up 0.1 percent in February after declining 0.5 percent in January. In February, the output of manufacturing rose 0.8 percent and the index for mining climbed 2.2 percent. Both gains partly reflected recoveries from weather-related declines in January. The index for utilities fell 7.5 percent in February because of warmer-than-typical temperatures. At 102.3 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization for the industrial sector remained at 78.3 percent in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.


March 13, 2024

Industrial Production and Capacity Utilization - G.17

Note: Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available on-time through https://www.federalreserve.gov/releases/g17/


February 15, 2024

G.17 Data for January 2024 are now available

Industrial production and capacity utilization data for January 2024 are now available.

Industrial production edged down 0.1 percent in January after recording no change in December. In January, manufacturing output declined 0.5 percent and mining output fell 2.3 percent; winter weather contributed to the declines in both sectors. The index for utilities jumped 6.0 percent, as demand for heating surged following a move from unusually mild temperatures in December to unusually cold temperatures in January. At 102.6 percent of its 2017 average, total industrial production in January was identical to its year-earlier level. Capacity utilization for the industrial sector moved down 0.2 percentage point in January to 78.5 percent, a rate that is 1.1 percentage points below its long-run (1972–2023) average.


February 14, 2024

Industrial Production and Capacity Utilization - G.17

Note: Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available on-time through https://www.federalreserve.gov/releases/g17/


February 08, 2024

Computer Storage Equipment Price Index Released

Updated annual price indexes for computer storage equipment, the primary product of North American Industry Classification System (NAICS) industry 334112, "Computer Storage Device Manufacturing," have been released. These price indexes provide an estimate of price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a market research company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was first incorporated into the industrial production index for computer storage equipment at the time of the 2016 annual revision to the G.17 statistical release on industrial production and capacity utilization, which was published on April 1, 2016. The updated computer storage price index will be incorporated in the 2024 G.17 annual revision. More details on the data sources and index construction are available in a FEDS Note


January 17, 2024

G.17 Data for December 2023 are now available

Industrial production and capacity utilization data for December 2023 are now available.

Industrial production moved up 0.1 percent in December and declined 3.1 percent at an annual rate in the fourth quarter. Manufacturing output edged up 0.1 percent in December after increasing 0.2 percent in November. The index for utilities declined 1.0 percent in December, while the index for mining rose 0.9 percent. At 102.5 percent of its 2017 average, total industrial production in December was 1 percent above its year-earlier level. Capacity utilization was unchanged in December at 78.6 percent, a rate that is 1.1 percentage points below its long-run (1972–2022) average.


January 16, 2024

Industrial Production and Capacity Utilization - G.17

Note: Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available on-time through https://www.federalreserve.gov/releases/g17/ .


December 15, 2023

G.17 Data for November 2023 are now available

Industrial production and capacity utilization data for November 2023 are now available.

In November, industrial production increased 0.2 percent, and manufacturing output rose 0.3 percent. The increase in manufacturing output was more than accounted for by a 7.1 percent bounceback in motor vehicles and parts production following the resolution of strikes at several major automakers. The index for manufacturing excluding motor vehicles and parts decreased 0.2 percent. The output of utilities moved down 0.4 percent, and the output of mines moved up 0.3 percent. Total industrial production in November was 0.4 percent below its year-earlier level. Capacity utilization moved up 0.1 percentage point to 78.8 percent in November, a rate that is 0.9 percentage point below its long-run (1972–2022) average.


December 14, 2023

Industrial Production and Capacity Utilization - G.17 Data Download Program
Due to technical difficulties the "preview sample" page and the Data Download Program (DDP) may be intermittently slow or unavailable and will be updated as soon as possible. The G.17 release will be available at its regularly scheduled time (9:15 a.m. EST) at https://www.federalreserve.gov/releases/g17/.

November 16, 2023

G.17 Data for October 2023 are now available

Industrial production and capacity utilization data for October 2023 are now available.

Industrial production declined 0.6 percent in October. Manufacturing output fell 0.7 percent. Much of this decline was due to a 10 percent drop in the output of motor vehicles and parts that was affected by strikes at several major manufacturers of motor vehicles—the index for manufacturing excluding motor vehicles and parts edged up 0.1 percent. The index for utilities decreased 1.6 percent, and the output of mines increased 0.4 percent. Total industrial production in October was 0.7 percent below its year-earlier level. Capacity utilization moved down 0.6 percentage point to 78.9 percent in October, a rate that is 0.8 percentage point below its long-run (1972–2022) average.


October 17, 2023

G.17 Data for September 2023 are now available

Industrial production and capacity utilization data for September 2023 are now available.

Industrial production increased 0.3 percent in September and advanced at an annual rate of 2.5 percent in the third quarter. Manufacturing output rose 0.4 percent in September, the index for mining moved up 0.4 percent, and the index for utilities decreased 0.3 percent. At 103.6 percent of its 2017 average, total industrial production in September was 0.1 percent above its year-earlier level. Capacity utilization moved up 0.2 percentage point to 79.7 percent in September, a rate that is equal to its long-run (1972–2022) average.


September 29, 2023

Seasonal factors for motor vehicle sales have been released

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2023. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2024.

A comma-delimited text file containing these seasonal factors is available for download here (CSV).


September 15, 2023

G.17 Data for August 2023 are now available

Industrial production and capacity utilization data for August 2023 are now available.

Industrial production increased 0.4 percent in August, and manufacturing output inched up 0.1 percent. The August reading for manufacturing was held back by a drop of 5 percent in the output of motor vehicles and parts; factory output elsewhere rose 0.6 percent. The index for mining moved up 1.4 percent, and the index for utilities climbed 0.9 percent. At 103.5 percent of its 2017 average, total industrial production in August was 0.2 percent above its year-earlier level. Capacity utilization moved up to 79.7 percent in August, in line with its long-run (1972–2022) average.


August 16, 2023

G.17 Data for July2023 are now available

Industrial production and capacity utilization data for July 2023 are now available.

In July, total industrial production increased 1.0 percent following declines in the previous two months. Manufacturing output rose 0.5 percent in July; the production of motor vehicles and parts jumped 5.2 percent, while factory output elsewhere edged up 0.1 percent. The index for mining moved up 0.5 percent, and the index for utilities climbed 5.4 percent as very high temperatures in July raised demand for cooling. At 102.9 percent of its 2017 average, total industrial production in July was 0.2 percent below its year-earlier level. Capacity utilization moved up to 79.3 percent in July, a rate that is 0.4 percentage point below its long-run (1972–2022) average.



August 09, 2023

Annual data on manufacturing investment and capital have been released
The Federal Reserve released updated annual information through 2021 on the real capital stock and both nominal and real investment for detailed industries (2017 NAICS basis) within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

July 18, 2023

G.17 Data for June 2023 are now available

Industrial production and capacity utilization data for June 2023 are now available.

Industrial production declined 0.5 percent in June for a second consecutive month but advanced 0.7 percent at an annual rate for the second quarter as a whole. Manufacturing output moved down 0.3 percent in June but rose 1.5 percent in the second quarter. In June, the indexes for mining and utilities fell 0.2 percent and 2.6 percent, respectively. At 102.2 percent of its 2017 average, total industrial production in June was 0.4 percent below its year-earlier level. Capacity utilization stepped down to 78.9 percent in June, a rate that is 0.8 percentage point below its long-run (1972–2022) average.


June 15, 2023

G.17 Data for May 2023 are now available

Industrial production and capacity utilization data for May 2023 are now available.

Industrial production edged down 0.2 percent in May following two consecutive months of increases. In May, the index for manufacturing ticked up 0.1 percent, while the indexes for mining and utilities fell 0.4 and 1.8 percent, respectively. At 103.0 percent of its 2017 average, total industrial production in May was 0.2 percent above its year-earlier level. Capacity utilization moved down to 79.6 percent in May, a rate that is 0.1 percentage point below its long-run (1972–2022) average./p>


May 16, 2023

G.17 Data for April 2023 are now available

Industrial production and capacity utilization data for April 2023 are now available.

Industrial production rose 0.5 percent in April after moving sideways the previous two months. In April, manufacturing increased 1.0 percent, bolstered by a strong gain in the output of motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.4 percent. The index for mining rose 0.6 percent, while the index for utilities dropped 3.1 percent, as milder temperatures in April lowered demand for heating. At 103.0 percent of its 2017 average, total industrial production in April was 0.2 percent above its year-earlier level. Capacity utilization edged up to 79.7 percent in April, a rate that is equal to its long-run (1972–2022) average.


April 14, 2023

G.17 Data for March 2023 are now available

Industrial production and capacity utilization data for March 2023 are now available.

Industrial production rose 0.4 percent in March and was little changed in the first quarter, increasing at an annual rate of 0.2 percent. In March, manufacturing and mining output each fell 0.5 percent. The index for utilities jumped 8.4 percent, as the return to more seasonal weather after a mild February boosted the demand for heating. At 103.0 percent of its 2017 average, total industrial production in March was 0.5 percent above its year-earlier level. Capacity utilization moved up to 79.8 percent in March, a rate that is 0.1 percentage point above its long-run (1972–2022) average.


March 28, 2023

G.17 Annual Revision Released

The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, revisions to total IP pushed its growth rates slightly lower in recent years; the rates of change for total IP have revised no more than 0.6 percentage point in any year. Similarly, the utilization rates for total industry are little changed from previous estimates.


March 24, 2023

G.17 Annual Revision Planned to be Released at noon (EDT) on March 28, 2023

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization at noon (EDT) on March 28, 2023. New annual benchmark data for manufacturing for 2021 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2022 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


March 17, 2023

Seasonal Factors for domestic auto and truck production have been revised

Seasonal factors for auto and truck production were revised from January 2018 through June 2024 on March 17, 2023. The revised factors for September 2022 through February 2023 were used in the G.17 release issued on March 17, 2023, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision. The revised seasonal factors are based on production data through January 2023. The seasonal factors are scheduled to be revised again in March 2024.


March 17, 2023

G.17 Annual Revision Planned to be Released on March 28, 2023

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization on March 28, 2023. New annual benchmark data for manufacturing for 2021 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2022 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


March 17, 2023

G.17 Data for February 2023 are now available

Industrial production and capacity utilization data for February 2023 are now available.

Industrial production was unchanged in February, and manufacturing output edged up 0.1 percent. The index for mining fell 0.6 percent, while the index for utilities rose 0.5 percent. At 102.6 percent of its 2017 average, total industrial production in February was 0.2 percent below its year-earlier level. Capacity utilization was unchanged in February at 78.0 percent, a rate that is 1.6 percentage points below its long-run (1972–2022) average.


March 09, 2023

Federal Reserve Board to make formatting changes to DDP XML files
On March 26, 2023, the Federal Reserve will make minor changes to the format of all XML files released through the Data Download Program (DDP).

The changes include
- adding line breaks in message headers to improve readability;
- removing extra spaces before closing tags of observations;
- and some long description text that was previously truncated will no longer be truncated.
To see a sample file for this data release, click here: https://www.federalreserve.gov/data/sampleDDP/g17_data.zip

These changes will help expedite the release of some public DDP releases and lay the groundwork for continued improvements in the future.

February 15, 2023

G.17 Data for January 2023 are now available

Industrial production and capacity utilization data for January 2023 are now available.

Industrial production was unchanged in January after falling 0.6 percent and 1.0 percent in November and December, respectively. In January, manufacturing output moved up 1.0 percent and mining output rose 2.0 percent following two months with substantial decreases for each sector. The output of utilities fell 9.9 percent in January, as a swing from unseasonably cool weather in December to unseasonably warm weather in January depressed the demand for heating. At 103.0 percent of its 2017 average, total industrial production in January was 0.8 percent above its year-earlier level. Capacity utilization declined 0.1 percentage point in January to 78.3 percent, a rate that is 1.3 percentage points below its long-run (1972–2022) average.


January 18, 2023

G.17 annual revision planned for the spring of 2023

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the spring of 2023. New annual benchmark data for manufacturing for 2021 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2022 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


January 18, 2023

G.17 Data for December 2022 are now available

Industrial production and capacity utilization data for December 2022 are now available.

Industrial production decreased 0.7 percent in December and 1.7 percent at an annual rate in the fourth quarter. In December, manufacturing output fell 1.3 percent amid widespread declines across the sector. The index for utilities jumped 3.8 percent, as cold temperatures boosted the demand for heating, while the index for mining moved down 0.9 percent. At 103.4 percent of its 2017 average, total industrial production in December was 1.6 percent above its year-earlier level. Capacity utilization dropped 0.6 percentage point in December to 78.8 percent, a rate that is 0.8 percentage point below its long-run (1972–2021) average.


December 15, 2022

G.17 Data for November 2022 are now available

Industrial production and capacity utilization data for November 2022 are now available.

Industrial production declined 0.2 percent in November. Decreases of 0.6 percent for manufacturing and 0.7 percent for mining were partly offset by a rebound of 3.6 percent for utilities following three months of declines. At 104.5 percent of its 2017 average, total industrial production in November was 2.5 percent above its year-earlier reading. Capacity utilization moved down 0.2 percentage point in November to 79.7 percent, a rate that is 0.1 percentage point above its long-run (1972–2021) average.


November 16, 2022

G.17 Data for October 2022 are now available

Industrial production and capacity utilization data for October 2022 are now available.

Industrial production decreased 0.1 percent in October, and its gain in September was revised down to 0.1 percent. Manufacturing output edged up 0.1 percent in October, and its increases in July, August, and September were all lower than previously reported. In October, the index for mining stepped down 0.4 percent, and the index for utilities fell 1.5 percent. At 104.7 percent of its 2017 average, total industrial production in October was 3.3 percent above its year-earlier reading. Capacity utilization decreased 0.2 percentage point in October to 79.9 percent, a rate that is 0.3 percentage point above its long-run (1972–2021) average.


October 18, 2022

G.17 Data for September 2022 are now available

Industrial production and capacity utilization data for September 2022 are now available.

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.


September 30, 2022

Seasonal factors for motor vehicle sales have been released

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2022; in the estimation, sales data for January, March through May, August, and September 2021 are identified as outliers due to the disbursement of economic impact payments and the effect of supply chain bottlenecks on production. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2023.

A comma-delimited text file containing these seasonal factors is available for download here (CSV).


September 15, 2022

G.17 Data for August 2022 are now available

Industrial production and capacity utilization data for August 2022 are now available.

Industrial production decreased 0.2 percent in August. Manufacturing output edged up 0.1 percent after increasing 0.6 percent in July. The index for mining was unchanged, and the index for utilities decreased 2.3 percent. At 104.5 percent of its 2017 average, total industrial production in August was 3.7 percent above its year-earlier level. Capacity utilization declined 0.2 percentage point in August to 80.0 percent, a rate that is 0.4 percentage point above its long-run (1972–2021) average.


August 16, 2022

G.17 Data for July 2022 are now available

Industrial production and capacity utilization data for July 2022 are now available.

In July, total industrial production increased 0.6 percent. Manufacturing output gained 0.7 percent after having fallen 0.4 percent in each of the two previous months. The production of motor vehicles and parts rose 6.6 percent, while factory output elsewhere moved up 0.3 percent. The index for mining increased 0.7 percent, while the index for utilities decreased 0.8 percent. At 104.8 percent of its 2017 average, total industrial production in July was 3.9 percent above its year-earlier level. Capacity utilization moved up 0.4 percentage point in July to 80.3 percent, a rate that is 0.7 percentage point above its long-run (1972–2021) average.


August 16, 2022

G.17 Release Dates for 2023

In 2023, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 18, February 15, March 17, April 14, May 16, June 15, July 18, August 16, September 15, October 17, November 16, and December 15.


August 15, 2022

Federal Reserve Board seeks DDP users for online survey

The Federal Reserve Board is conducting an online survey to collect data on online usage and consumption preferences of users of the Board's Data Download Program (DDP) website.

Visit our website to take the survey: https://boardofgovernors.gov1.qualtrics.com/jfe/form/SV_1I95KuU02McZSwS


August 12, 2022

Annual data on manufacturing investment and capital have been released
The Federal Reserve released updated annual information through 2020 on the real capital stock and both nominal and real investment for detailed industries (2017 NAICS basis) within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

July 15, 2022

G.17 Data for June 2022 are now available

Industrial production and capacity utilization data for June 2022 are now available.

Total industrial production moved down 0.2 percent in June but advanced at an annual rate of 6.1 percent for the second quarter as a whole. Manufacturing output declined 0.5 percent for a second consecutive month in June; even so, it rose at an annual rate of 4.2 percent in the second quarter. In June, the index for mining advanced 1.7 percent, while the index for utilities fell 1.4 percent. At 104.4 percent of its 2017 average, total industrial production in June was 4.2 percent above its year-earlier level. Capacity utilization decreased 0.3 percentage point in June to 80.0 percent, a rate that is 0.4 percentage point above its long-run (1972–2021) average.


June 28, 2022

G.17 Annual Revision Released

The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. The revision incorporates annual benchmark data for 2020 from the Annual Survey of Manufactures and data from other sources. The revision shows little revision to manufacturing IP growth and higher utilization rates in recent years.


June 17, 2022

G.17 Data for May2022 are now available

Industrial production and capacity utilization data for May 2022 are now available.

Total industrial production moved up 0.2 percent in May. Output has increased in every month of the year so far, with an average monthly gain of nearly 0.8 percent. In May, manufacturing output declined 0.1 percent after three months when growth averaged nearly 1 percent; the indexes for utilities and mining rose 1.0 percent and 1.3 percent, respectively, in May. At 105.7 percent of its 2017 average, total industrial production in May was 5.8 percent above its year-earlier level. Capacity utilization edged up to 79.0 percent, 0.5 percentage point below its long-run (1972–2021) average.


June 17, 2022

G.17 Annual Revision Planned to be Released at noon (EDT) June 28, 2022

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization at noon (EDT) on June 28, 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator—either product data or input data—and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


May 19, 2022

Federal Reserve Board seeks DDP users for focus groups

The Federal Reserve Board is conducting focus groups to collect data on online usage and consumption preferences of users of the Board's Data Download Program (DDP) website.

Visit our Contact Us page, enter your information, and write "volunteer" in the comment box to sign up: https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/ddpfeedback/


May 17, 2022

G.17 Data for April 2022 are now available

Industrial production and capacity utilization data for April 2022 are now available.

In April, total industrial production increased 1.1 percent—the fourth consecutive month of gains of 0.8 percent or greater—and manufacturing output rose 0.8 percent. The index for utilities moved up 2.4 percent, and the index for mining advanced 1.6 percent. At 105.6 percent of its 2017 average, total industrial production in April was 6.4 percent above its year-earlier level. Capacity utilization climbed to 79.0 percent, a rate that is 0.5 percentage point below its long-run (1972–2021) average.


May 17, 2022

G.17 Annual Revision Planned to be Released June 28, 2022

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization on June 28, 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator—either product data or input data—and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


April 15, 2022

G.17 Data for March 2022 are now available

Industrial production and capacity utilization data for March 2022 are now available.

Total industrial production advanced 0.9 percent in March and rose at an annual rate of 8.1 percent for the first quarter. Manufacturing output gained 0.9 percent in March; the output of motor vehicles and parts jumped 7.8 percent, while factory output elsewhere moved up 0.4 percent. The index for utilities increased 0.4 percent, and the index for mining advanced 1.7 percent. At 104.6 percent of its 2017 average, total industrial production in March was 5.5 percent above its year-earlier level. Capacity utilization climbed to 78.3 percent, a rate that is 1.2 percentage points below its long-run (1972–2021) average.


March 17, 2022

G.17 Data for Feruary 2022 are now available

Industrial production and capacity utilization data for February 2022 are now available.

Total industrial production rose 0.5 percent in February to a level that is 103.6 percent of its 2017 average. Manufacturing output increased 1.2 percent after having been little changed in each of the previous two months. In February, the index for utilities declined 2.7 percent, and the output of mines edged up 0.l percent.

Total industrial production in February was 7.5 percent higher than its year-earlier level, but severe winter weather in February 2021 significantly suppressed industrial activity that month. A more useful comparison shows that the index has advanced a still-strong 4.2 percent since January 2021. Capacity utilization for the industrial sector increased 0.3 percentage point in February to 77.6 percent, a rate that is 1.9 percentage points below its long-run (1972–2021) average.


March 17, 2022

Seasonal Factors for domestic auto and truck production have been revised

Seasonal factors for auto and truck production were revised from January 2017 through June 2023 on March 17, 2022. The revised factors for September 2021 through February 2022 were used in the G.17 release issued on March 17, 2022, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision in the second quarter of 2022. The revised seasonal factors are based on production data through January 2022; in the estimation, production data for February and September 2021 are identified as outliers due to more intense supply chain disruptions; February data were also affected by severe winter weather. The seasonal factors are scheduled to be revised again in March 2023.


February 16, 2022

G.17 Data for January 2022 are now available

Industrial production and capacity utilization data for January 2022 are now available.

In January, total industrial production increased 1.4 percent. Manufacturing output and mining production rose 0.2 percent and 1.0 percent, respectively. The index for utilities jumped 9.9 percent; after being held down in December by unusually mild weather, the demand for heating surged in January with the arrival of significantly colder-than-normal temperatures. At 103.5 percent of its 2017 average, total industrial production in January was 4.1 percent higher than its year-earlier level and 2.1 percent above its pre-pandemic (February 2020) reading. Capacity utilization for the industrial sector increased 1.0 percentage point in January to 77.6 percent, a rate that is 1.9 percentage points below its long-run (1972–2021) average.

NOTE: The data in this release include preliminary estimates of industrial capacity for 2022 (table 8). Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 0.9 percent this year after increasing 0.4 percent in 2021. Manufacturing capacity is expected to move up 0.3 percent in 2022 after edging up 0.1 percent in 2021. Capacity in the mining sector is estimated to rise 2.0 percent in 2022 after falling 1.1 percent in 2021. Capacity at electric and natural gas utilities is projected to increase 2.4 percent in 2022 after expanding 2.6 percent in 2021.


January 14, 2022

G.17 Data for December 2021 are now available

Industrial production and capacity utilization data for December 2021 are now available.

Industrial production declined 0.1 percent in December. Losses of 0.3 percent for manufacturing and 1.5 percent for utilities were mostly offset by a gain of 2.0 percent for mining. For the fourth quarter as a whole, total industrial production rose at an annual rate of 4.0 percent. At 101.9 percent of its 2017 average, total industrial production in December was 3.7 percent higher than it was at the end of 2020 and 0.6 percent above its pre-pandemic (February 2020) reading. Capacity utilization for the industrial sector edged down 0.1 percentage point in December to 76.5 percent, a rate that is 3.1 percentage points below its long-run (1972–2020) average.


December 16, 2021

G.17 Data for November 2021 are now available

Industrial production and capacity utilization data for November 2021 are now available.

Industrial production rose 0.5 percent in November. The indexes for both manufacturing and mining increased 0.7 percent, while the index for utilities decreased 0.8 percent.

At 102.3 percent of its 2017 average, total industrial production in November was 5.3 percent above its year-earlier level and at its highest reading since September 2019. Capacity utilization for the industrial sector increased 0.3 percentage point to 76.8 percent; even so, it was 2.8 percentage points below its long-run (1972–2020) average.


December 16, 2021

G.17 annual revision planned for the second quarter of 2022

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the second quarter of 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


November 16, 2021

G.17 Data for October 2021 are now available

Industrial production and capacity utilization data for October 2021 are now available.

Industrial production rose 1.6 percent in October after falling 1.3 percent in September; about half of the gain in October reflected a recovery from the effects of Hurricane Ida. Manufacturing output increased 1.2 percent in October; excluding a large gain in the production of motor vehicles and parts, factory output moved up 0.6 percent. The output of utilities rose 1.2 percent, and mining output stepped up 4.1 percent.

At 101.6 percent of its 2017 average, total industrial production in October was 5.1 percent above its year-earlier level and at its highest reading since December 2019. In October, capacity utilization for the industrial sector increased 1.2 percentage points to 76.4 percent; even so, it was still 3.2 percentage points below its long-run (1972–2020) average.


October 18, 2021

G.17 Data for August 2021 are now available

Industrial production and capacity utilization data for September 2021 are now available.

Industrial production fell 1.3 percent in September after moving down 0.1 percent in August; output was previously reported to have risen 0.4 percent in August. In September, manufacturing output decreased 0.7 percent: The production of motor vehicles and parts fell 7.2 percent, as shortages of semiconductors continued to hobble operations, while factory output elsewhere declined 0.3 percent. The output of utilities dropped 3.6 percent, as demand for cooling subsided after a warmer-than-usual August. Mining production fell 2.3 percent.

The lingering effects of Hurricane Ida more than accounted for the drop in mining in September; they also contributed 0.3 percentage point to the drop in manufacturing. Overall, about 0.6 percentage point of the drop in total industrial production resulted from the impact of the hurricane.

Despite the decrease in September, total industrial production rose 4.3 percent at an annual rate for the third quarter as a whole, its fifth consecutive quarter with a gain of at least 4 percent.

At 100.0 percent of its 2017 average, total industrial production in September was 4.6 percent above its year-earlier level. Capacity utilization for the industrial sector fell 1.0 percentage point in September to 75.2 percent, a rate that is 4.4 percentage points below its long-run (1972–2020) average.


October 05, 2021

Annual data on manufacturing investment and capital have been released
The Federal Reserve released updated annual information on the real capital stock and both nominal and real investment for detailed industries (2017 NAICS basis) within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

September 15, 2021

G.17 Data for August 2021 are now available

Industrial production and capacity utilization data for August 2021 are now available.

Industrial production increased 0.4 percent in August after moving up 0.8 percent in July. Late-month shutdowns related to Hurricane Ida held down the gain in industrial production by an estimated 0.3 percentage point. Although the hurricane forced plant closures for petrochemicals, plastic resins, and petroleum refining, overall manufacturing output rose 0.2 percent. Mining production fell 0.6 percent, reflecting hurricane-induced disruptions to oil and gas extraction in the Gulf of Mexico. The output of utilities increased 3.3 percent, as unseasonably warm temperatures boosted demand for air conditioning.

At 101.6 percent of its 2017 average, total industrial production in August was 5.9 percent above its year-earlier level and 0.3 percent above its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.2 percentage point in August to 76.4 percent, a rate that is 3.2 percentage points below its long-run (1972–2020) average.


September 09, 2021

Communications Equipment Price Indexes Released

The Federal Reserve has released updated communications equipment quarterly price indexes. The Quarterly Product Price Indexes are extended through 2019Q4. The Annual Product Price Indexes, Annual Industry Price Indexes, and Industry Weights have not been extended or updated. Comma-delimited text files and an Excel workbook containing quarterly and annual data are available for download. The data are also available as HTML tables.


August 17, 2021

G.17 Data for July 2021 are now available

Industrial production and capacity utilization data for July 2021 are now available.

Industrial production increased 0.9 percent in July after moving up 0.2 percent in June. In July, manufacturing output rose 1.4 percent. About half of the gain in factory output is attributable to a jump of 11.2 percent for motor vehicles and parts, as a number of vehicle manufacturers trimmed or canceled their typical July shutdowns. Despite the large increase last month, vehicle assemblies continued to be constrained by a persistent shortage of semiconductors; the production of motor vehicles and parts in July was about 3-1/2 percent below its recent peak in January 2021. The output of utilities decreased 2.1 percent in July, while the index for mining rose 1.2 percent.

At 101.1 percent of its 2017 average, total industrial production in July was 6.6 percent above its year-earlier level but 0.2 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.7 percentage point in July to 76.1 percent, a rate that is 3.5 percentage points below its long-run (1972–2020) average.


August 17, 2021

G.17 Release Dates for 2022

In 2021, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 14, February 16, March 17, April 15, May 17, June 17, July 15, August 16, September 15, October 18, November 16, and December 15.


July 30, 2021

Seasonal factors for motor vehicle sales have been released

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2021. These factors are estimated once per year using X-13 ARIMA; in the estimation, sales data for March through August 2020 are identified as outliers due to the pandemic recession. The factors will be revised again in the summer of 2022. A comma-delimited text file containing these seasonal factors is available for download here (CSV).


July 15, 2021

G.17 Data for June 2021 are now available

Industrial production and capacity utilization data for June 2021 are now available.

Industrial production increased 0.4 percent in June after moving up 0.7 percent in May. In June, manufacturing output edged down 0.1 percent, as an ongoing shortage of semiconductors contributed to a decrease of 6.6 percent in the production of motor vehicles and parts. Excluding motor vehicles and parts, factory output increased 0.4 percent. The output of utilities advanced 2.7 percent, reflecting heightened demand for air conditioning, as much of the country experienced a heat wave in June. The index for mining increased 1.4 percent.

For the second quarter as a whole, total industrial production rose at an annual rate of 5.5 percent. Manufacturing output increased at an annual rate of 3.7 percent despite a drop of 22.5 percent for motor vehicles and parts.

At 100.1 percent of its 2017 average, total industrial production in June was 9.8 percent above its year-earlier level but 1.2 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.3 percentage point in June to 75.4 percent, a rate that is 4.2 percentage points below its long-run (1972–2020) average.


June 15, 2021

G.17 Data for May 2021 are now available

Industrial production and capacity utilization data for May 2021 are now available.

Total industrial production increased 0.8 percent in May. Manufacturing production advanced 0.9 percent, reflecting, in part, a large gain in motor vehicle assemblies; factory output excluding motor vehicles and parts increased 0.5 percent. The indexes for mining and utilities rose 1.2 percent and 0.2 percent, respectively.

In May, at 99.9 percent of its 2017 average, total industrial production was 16.3 percent higher than it was a year earlier but 1.4 percent lower than its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.6 percentage point in May to 75.2 percent, a rate that is 4.4 percentage points below its long-run (1972–2020) average.


May 28, 2021

G.17 Annual Revision Released
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. The most prominent features of the revision are an update of the base year to 2017 for the indexes, a conversion of the industry-group indexes to the 2017 North American Industry Classification System (NAICS), the incorporation of comprehensive annual production data for 2017 through 2019, and the incorporation of new survey utilization rate data for 2019 and 2020. The revision shows slower manufacturing IP growth and somewhat higher utilization rates in recent years.


May 14, 2021

G.17 Data for April 2021 are now available

Industrial production and capacity utilization data for April 2021 are now available.

Total industrial production increased 0.7 percent in April. The indexes for mining and utilities increased 0.7 percent and 2.6 percent, respectively; the index for manufacturing rose 0.4 percent despite a drop in motor vehicle assemblies that principally resulted from shortages of semiconductors. An important contributor to the gain in factory output was the return to operation of plants that were damaged by February's severe weather in the south central region of the country and had remained offline in March. The weather-induced drop in total industrial production in February and the subsequent rebound in March are now estimated to have been larger than reported last month.

At 106.3 percent of its 2012 average in April, total industrial production has moved up 16.5 percent from its level in April 2020 (the trough of the pandemic), but it was 2.7 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector rose 0.5 percentage point in April to 74.9 percent, a rate that is 4.7 percentage points below its long-run (1972–2020) average.


May 14, 2021

G.17 Annual Revision Planned to be Released May 28, 2021

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization at noon (EDT) on May 28, 2021. The base year for the revised indexes will be 2017. New annual benchmark data for manufacturing for 2017 through 2019 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the industry-level indexes will be updated with information from the 2012 benchmark input-output accounts from the U.S. Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly production indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2020 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


April 20, 2021

Corrections to seasonal factors for domestic auto and truck production have beeen released

The seasonal factors for domestic and auto truck production released on April 15, 2021, have been updated for the period January 2015 to June 2022 on April 20, 2021, to correct for a reporting error.


April 15, 2021

Seasonal Factors for domestic auto and truck production have been revised

Seasonal factors for auto and truck production were revised from January 2016 through June 2022 on April 15, 2021. The revised factors for October 2020 through March 2021 were used in the G.17 release issued on April 15, 2021, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision in the spring of 2021. The revised seasonal factors are based on production data through January 2021; in the estimation, production data for March through May 2020 are identified as outliers due to the pandemic recession. The seasonal factors are scheduled to be revised again in March 2022.


April 15, 2021

G.17 Data for March 2021 are now available

Industrial production and capacity utilization data for March 2021 are now available.

In March, total industrial production increased 1.4 percent. The gain in March followed a drop of 2.6 percent in February, which largely resulted from widespread outages related to severe winter weather in the south central region of the country. For the first quarter as a whole, total industrial production rose 2.5 percent at an annual rate. In March, manufacturing production and mining output increased 2.7 percent and 5.7 percent, respectively. The output of utilities dropped 11.4 percent, as the demand for heating fell because of a swing in temperatures from an unseasonably cold February to an unseasonably warm March.

At 105.6 percent of its 2012 average, total industrial production in March was 1.0 percent higher than its year-earlier level, but it was 3.4 percent below its pre-pandemic (February 2020) level. Capacity utilization for the industrial sector increased 1.0 percentage point in March to 74.4 percent, a rate that is 5.2 percentage points below its long-run (1972–2020) average.


March 16, 2021

G.17 Data for February 2021 are now available

Industrial production and capacity utilization data for February 2021 are now available.

In February, total industrial production decreased 2.2 percent. Manufacturing output and mining production fell 3.1 percent and 5.4 percent, respectively; the output of utilities increased 7.4 percent.

The severe winter weather in the south central region of the country in mid-February accounted for the bulk of the declines in output for the month. Most notably, some petroleum refineries, petrochemical facilities, and plastic resin plants suffered damage from the deep freeze and were offline for the rest of the month. Excluding the effects of the winter weather would have resulted in an index for manufacturing that fell about 1/2 percent and in an index for mining that rose about 1/2 percent. Both indexes would have remained below their pre-pandemic (February 2020) levels.

At 104.7 percent of its 2012 average, total industrial production in February was 4.2 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 1.7 percentage points in February to 73.8 percent, a rate that is 5.8 percentage points below its long-run (1972–2020) average.


February 17, 2021

G.17 Data for January 2021 are now available

Industrial production and capacity utilization data for January 2021 are now available.

Industrial production increased 0.9 percent in January. Manufacturing output rose 1.0 percent, about the same as its average gain over the previous five months. Mining production advanced 2.3 percent, while the output of utilities declined 1.2 percent. At 107.2 percent of its 2012 average, total industrial production in January was 1.8 percent lower than its year-earlier level. Capacity utilization for the industrial sector increased 0.7 percentage point in January to 75.6 percent, a rate that is 4.0 percent below its long-run (1972–2020) average.

Note: The data in this release include preliminary estimates of industrial capacity for 2021 (table 8). Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 0.5 percent this year after being unchanged in 2020. Manufacturing capacity is expected to edge up 0.2 percent in 2021 after slipping 0.2 percent in 2020. Capacity in the mining sector is estimated to drop 1.7 percent in 2021 after falling 2.1 percent in 2020. Capacity at electric and natural gas utilities is projected to increase 2.6 percent in 2021 after expanding 3.2 percent in 2020.


January 15, 2021

G.17 Data for December 2020 are now available

Industrial production and capacity utilization data for December 2020 are now available.

Industrial production advanced 1.6 percent in December, with gains of 0.9 percent for manufacturing, 1.6 percent for mining, and 6.2 percent for utilities. The increase for utilities resulted from a rebound in demand for heating after unseasonably warm weather in November. For the fourth quarter as a whole, total industrial production rose at an annual rate of 8.4 percent. At 105.7 percent of its 2012 average, total industrial production in December was 3.6 percent lower than it was a year earlier and 3.3 percent below its pre-pandemic February reading. Capacity utilization for the industrial sector rose 1.1 percentage points in December to 74.5 percent, a rate that is 5.3 percentage points below its long-run (1972–2019) average.


December 15, 2020

G.17 Data for November 2020 are now available

Industrial production and capacity utilization data for November 2020 are now available.

Industrial production increased 0.4 percent in November. After having fallen 16.5 percent between February and April, the level of the index has risen to about 5 percent below its pre-pandemic (February) reading. In November, manufacturing output advanced 0.8 percent for its seventh consecutive monthly gain. An increase of 5.3 percent for motor vehicles and parts contributed significantly to the gain in factory production; excluding motor vehicles and parts, manufacturing output moved up 0.4 percent. The output of utilities declined 4.3 percent, as warmer-than-usual temperatures reduced the demand for heating. Mining production increased 2.3 percent after decreasing 0.7 percent in October.


November 17, 2020

G.17 Data for October 2020 are now available

Industrial production and capacity utilization data for October 2020 are now available.

Industrial production rose 1.1 percent in October. The index has recovered much of its 16.5 percent decline from February to April, but output in October was still 5.6 percent lower than its pre-pandemic February level. After edging up 0.1 percent in September, manufacturing output increased 1.0 percent in October. The output of utilities rose 3.9 percent, while the output at mines declined 0.6 percent to a level that was 14.4 percent below its year-earlier reading. At 103.2 percent of its 2012 average, total industrial production was 5.3 percent lower in October than it was a year earlier. Capacity utilization for the industrial sector increased 0.8 percentage point in October to 72.8 percent, a rate that is 7.0 percentage points below its long-run (1972–2019) average but 8.6 percentage points above its low in April.


October 16, 2020

G.17 annual revision planned for early 2021

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in early 2021. New annual benchmark data for manufacturing for 2017 and 2018 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the industry-level indexes will be updated with information from the 2012 benchmark input-output accounts from the U.S. Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2019 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


October 16, 2020

G.17 Data for September 2020 are now available

Industrial production and capacity utilization data for September 2020 are now available.

Industrial production fell 0.6 percent in September, its first decline after four consecutive months of gains. The index increased at an annual rate of 39.8 percent for the third quarter as a whole. Although production has recovered more than half of its February to April decline, the September reading was still 7.1 percent below its pre-pandemic February level. Manufacturing output decreased 0.3 percent in September and was 6.4 percent below February's level. The output of utilities dropped 5.6 percent, as demand for air conditioning fell by more than usual in September. Mining production increased 1.7 percent in September; even so, it was 14.8 percent below a year earlier. At 101.5 percent of its 2012 average, total industrial production was 7.3 percent lower in September than it was a year earlier. Capacity utilization for the industrial sector decreased 0.5 percentage point in September to 71.5 percent, a rate that is 8.3 percentage points below its long-run (1972–2019) average but 7.3 percentage points above its low in April.


September 15, 2020

G.17 Data for August 2020 are now available

Industrial production and capacity utilization data for August 2020 are now available.

Industrial production rose 0.4 percent in August for its fourth consecutive monthly increase. However, even after the recent gains, the index in August was 7.3 percent below its pre-pandemic February level. Manufacturing output continued to improve in August, rising 1.0 percent, but the gains for most manufacturing industries have gradually slowed since June. Mining production fell 2.5 percent in August, as Tropical Storm Marco and Hurricane Laura caused sharp but temporary drops in oil and gas extraction and well drilling. The output of utilities moved down 0.4 percent. At 101.4 percent of its 2012 average, the level of total industrial production was 7.7 percent lower in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.3 percentage point in August to 71.4 percent, a rate that is 8.4 percentage points below its long-run (1972–2019) average but 7.3 percentage points above its low in April.


August 14, 2020

G.17 Data for July 2020 are now available

Industrial production and capacity utilization data for July 2020 are now available.

Total industrial production rose 3.0 percent in July after increasing 5.7 percent in June; even so, the index in July was 8.4 percent below its pre-pandemic February level. Manufacturing output continued to improve in July, rising 3.4 percent. Most major industries posted increases, though they were much smaller in magnitude than the advances recorded in June. The largest gain in July—28.3 percent—was registered by motor vehicles and parts; factory production elsewhere advanced 1.6 percent. Mining production rose 0.8 percent after decreasing for five consecutive months. The output of utilities increased 3.3 percent, as unusually warm temperatures increased the demand for air conditioning. At 100.2 percent of its 2012 average, the level of total industrial production was 8.2 percent lower in July than it was a year earlier. Capacity utilization for the industrial sector increased 2.1 percentage points in July to 70.6 percent, a rate that is 9.2 percentage points below its long-run (1972–2019) average but 6.4 percentage points above its low in April.


August 14, 2020

G.17 Release Dates for 2021

In 2021, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 15, February 17, March 16, April 15, May 14, June 15, July 15, August 17, September 15, October 18, November 16, and December 16.


July 31, 2020

Seasonal factors for motor vehicle sales have been released

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through February 2020. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2021. A comma-delimited text file containing these seasonal factors is available for download here (CSV).


July 15, 2020

G.17 Data for June 2020 are now available

Industrial production and capacity utilization data for June 2020 are now available.

Total industrial production rose 5.4 percent in June after increasing 1.4 percent in May; even so, it remained 10.9 percent below its pre-pandemic February level. For the second quarter as a whole, the index fell 42.6 percent at an annual rate, its largest quarterly decrease since the industrial sector retrenched after World War II. Manufacturing output climbed 7.2 percent in June, as all major industries posted increases. The largest gain—105.0 percent—was registered by motor vehicles and parts, while factory production elsewhere rose 3.9 percent. Mining production fell 2.9 percent, and the output of utilities increased 4.2 percent. At 97.5 percent of its 2012 average, the level of total industrial production was 10.8 percent lower in June than it was a year earlier. Capacity utilization for the industrial sector increased 3.5 percentage points to 68.6 percent in June, a rate that is 11.2 percentage points below its long-run (1972–2019) average but 1.9 percentage points above its trough during the Great Recession.

The estimates for industrial capacity for 2020 were revised for this release. The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Measured from the fourth quarter of 2019 to the fourth quarter of 2020, capacity for the industrial sector is now expected to be flat, whereas previously it was estimated to rise 1.3 percent. Manufacturing capacity is estimated to edge down 0.2 percent, a downward revision of 1.0 percentage point. Mining capacity also revised down and is now expected to decline 2.1 percent; it had been expected to expand 2.9 percent. This downward revision primarily reflects a reduction in capacity for oil and gas extraction. The gain in capacity for utilities, at 3.2 percent, is only 0.1 percentage point lower than previously estimated.


June 16, 2020

G.17 Data for May 2020 are now available

Industrial production and capacity utilization data for May 2020 are now available.

Total industrial production increased 1.4 percent in May, as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4 percent below its pre-pandemic level in February. Manufacturing output—which fell sharply in March and April—rose 3.8 percent in May; most major industries posted increases, with the largest gain registered by motor vehicles and parts. The indexes for mining and utilities declined 6.8 percent and 2.3 percent, respectively. At 92.6 percent of its 2012 average, the level of total industrial production was 15.3 percent lower in May than it was a year earlier. Capacity utilization for the industrial sector increased 0.8 percentage point to 64.8 percent in May, a rate that is 15.0 percentage points below its long-run (1972–2019) average and 1.9 percentage points below its trough during the Great Recession.


May 15, 2020

G.17 Data for April 2020 are now available

Industrial production and capacity utilization data for April 2020 are now available.

Total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to slow or suspend operations throughout the month. Manufacturing output dropped 13.7 percent, its largest decline on record, as all major industries posted decreases. The output of motor vehicles and parts fell more than 70 percent; production elsewhere in manufacturing dropped 10.3 percent. The indexes for utilities and mining decreased 0.9 percent and 6.1 percent, respectively. At 92.6 percent of its 2012 average, the level of total industrial production was 15.0 percent lower in April than it was a year earlier. Capacity utilization for the industrial sector decreased 8.3 percentage points to 64.9 percent in April, a rate that is 14.9 percentage points below its long-run (1972–2019) average and 1.8 percentage points below its all-time (since 1967) low set in 2009.

In addition to the regular revisions that reflect incoming data, the industrial production indexes for March were revised to incorporate data on initial claims for unemployment insurance by employees who had worked in the industrial sector. The methods used to construct the estimates are described on the Federal Reserve Board's website at www.federalreserve.gov/releases/g17/g17_technical_qa.htm#covid2020ui.


April 15, 2020

G.17 Data for March 2020 are now available

Industrial production and capacity utilization data for March 2020 are now available.

Total industrial production fell 5.4 percent in March, as the COVID-19 (coronavirus disease 2019) pandemic led many factories to suspend operations late in the month. Manufacturing output fell 6.3 percent; most major industries posted decreases, with the largest decline registered by motor vehicles and parts. The decreases for total industrial production and for manufacturing were their largest since January 1946 and February 1946, respectively. The indexes for utilities and mining declined 3.9 percent and 2.0 percent, respectively. At 103.7 percent of its 2012 average, the level of total industrial production in March was 5.5 percent lower than a year earlier. Capacity utilization for the industrial sector decreased 4.3 percentage points to 72.7 percent in March, a rate that is 7.1 percentage points below its long-run (1972–2019) average.

The estimates in this release incorporated data on stay-at-home orders as well as other information on industrial activity for late in the month. An explanation of the methods used to construct the estimates is available on the Federal Reserve Board's website at www.federalreserve.gov/releases/g17/g17_technical_qa.htm#covid2020.


March 17, 2020

Seasonal Factors for domestic auto and truck production have been revised

Seasonal factors for auto and truck production were revised from January 2015 through June 2021 on March 17, 2020. The revised factors for September 2019 through February 2020 were used in the G.17 release issued on March 17, 2020, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision in the summer of 2020. The revised seasonal factors are based on production data through January 2020. The seasonal factors are scheduled to be revised again in March 2021.


March 17, 2020

G.17 Data for February 2020 are now available

Industrial production and capacity utilization data for February 2020 are now available.

Industrial production rose 0.6 percent in February after falling 0.5 percent in January. Manufacturing output edged up 0.1 percent in February; excluding a large gain for motor vehicles and parts and a large drop for civilian aircraft, factory output was unchanged. The index for mining declined 1.5 percent, but the index for utilities jumped 7.1 percent, as temperatures returned to more typical levels following an unseasonably warm January. At 109.6 percent of its 2012 average, the level of total industrial production in February was unchanged from a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in February to 77.0 percent, a rate that is 2.8 percentage points below its long-run (1972–2019) average.


February 14, 2020

G.17 Data for January 2020 are now available

Industrial production and capacity utilization data for January 2020 are now available.

Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft. The index for manufacturing edged down 0.1 percent in January; excluding the production of aircraft and parts, factory output advanced 0.3 percent. The index for mining rose 1.2 percent. At 109.2 percent of its 2012 average, total industrial production was 0.8 percent lower in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 76.8 percent, a rate that is 3.0 percentage points below its long-run (1972–2019) average.


January 17, 2020

G.17 annual revision planned for the summer of 2020

The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the summer of 2020. New annual benchmark data for manufacturing for 2017 and 2018 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the industry-level indexes will be updated with information from the 2012 benchmark input-output accounts from the Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2019 from the Census Bureau's Quarterly Survey of Plant Capacity, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


January 17, 2020

G.17 Data for December 2019 are now available

Industrial production and capacity utilization data for December 2019 are now available.

Industrial production declined 0.3 percent in December, as a decrease of 5.6 percent for utilities outweighed increases of 0.2 percent for manufacturing and 1.3 percent for mining. The drop for utilities resulted from a large decrease in demand for heating, as unseasonably warm weather in December followed unseasonably cold weather in November. For the fourth quarter as a whole, total industrial production moved down at an annual rate of 0.5 percent. At 109.4 percent of its 2012 average, total industrial production was 1.0 percent lower in December than it was a year earlier. Capacity utilization for the industrial sector fell 0.4 percentage point in December to 77.0 percent, a rate that is 2.8 percentage points below its long-run (1972–2018) average.


December 17, 2019

G.17 Data for November 2019 are now available

Industrial production and capacity utilization data for November 2019 are now available.

Industrial production and manufacturing production both rebounded 1.1 percent in November after declining in October. These sharp November increases were largely due to a bounceback in the output of motor vehicles and parts following the end of a strike at a major manufacturer. Excluding motor vehicles and parts, the indexes for total industrial production and for manufacturing moved up 0.5 percent and 0.3 percent, respectively. Mining production edged down 0.2 percent, while the output of utilities increased 2.9 percent.


November 15, 2019

G.17 Data for October 2019 are now available

Industrial production and capacity utilization data for October 2019 are now available.

Industrial production fell 0.8 percent in October after declining 0.3 percent in September. Manufacturing production decreased 0.6 percent in October. Much of this decline was due to a drop of 7.1 percent in the output of motor vehicles and parts that resulted from a strike at a major manufacturer of motor vehicles. The decreases for total industrial production, manufacturing, and motor vehicles and parts were their largest since May 2018, April 2019, and January 2019, respectively.


October 17, 2019

G.17 Data for September 2019 are now available

Industrial production and capacity utilization data for September 2019 are now available.

Industrial production fell back 0.4 percent in September after advancing 0.8 percent in August. For the third quarter, industrial production rose at an annual rate of 1.2 percent following declines of about 2 percent in both the first and the second quarters.

Manufacturing production decreased 0.5 percent in September, with output reduced by a strike at a major manufacturer of motor vehicles. Excluding motor vehicles and parts, the overall index and the manufacturing index each moved down 0.2 percent. Mining production fell 1.3 percent, while utilities output rose 1.4 percent.


September 17, 2019

G.17 Release Dates for 2020

In 2020, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 17, February 14, March 17, April 15, May 15, June 16, July 15, August 14, September 15, October 16, November 17, and December 15.


September 17, 2019

G.17 Data for August 2019 are now available

Industrial production and capacity utilization data for August 2019 are now available.

Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year. In August, the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively. At 109.9 percent of its 2012 average, total industrial production was 0.4 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average.


August 15, 2019

G.17 Data for July 2019 are now available

Industrial production and capacity utilization data for July 2019 are now available.

Industrial production declined 0.2 percent in July. Manufacturing output decreased 0.4 percent last month and has fallen more than 1-1/2 percent since December 2018. In July, mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf of Mexico. The index for utilities rose 3.1 percent. At 109.2 percent of its 2012 average, total industrial production was 0.5 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in July to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2018) average.


July 30, 2019

Seasonal factors for motor vehicle sales have been released

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2019. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2020. A comma-delimited text file containing these seasonal factors is available for download here (CSV). A Technical Q&A with details on the calculation of the seasonal factors for light vehicles is available here.


July 16, 2019

G.17 Data for June 2019 are now available
Industrial production and capacity utilization data for June 2019 are now available.

Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease. In June, manufacturing output advanced 0.4 percent. An increase of nearly 3 percent for motor vehicles and parts contributed significantly to the gain in factory production; excluding motor vehicles and parts, manufacturing output moved up 0.2 percent. The output of utilities fell 3.6 percent as milder-than-usual temperatures in June reduced the demand for air conditioning. The index for mining rose 0.2 percent. At 109.6 percent of its 2012 average, total industrial production was 1.3 percent higher in June than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in June to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average.

June 14, 2019

G.17 Data for May 2019 are now available

Industrial production and capacity utilization data for May 2019 are now available.

Industrial production rose 0.4 percent in May after falling 0.4 percent in April. The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. At 109.6 percent of its 2012 average, total industrial production was 2.0 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2018) average.


June 13, 2019

Estimates of Manufacturing Investment, Capital Stock, and Capital Services Updated

The Federal Reserve Board released updated estimates of manufacturing investment, capital stock, and capital services. G.17 data on investment and capital stocks by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database. With the June 13, 2019 release, new series for capital services and the portions of investment and capital associated with software are provided. In addition, the data are now available at both the 4-digit and 6-digit NAICs level. Previously, data were only available at the 4-digit level.


May 15, 2019

G.17 Data for April 2019 are now available

Industrial production and capacity utilization data for April 2019 are now available.

Industrial production fell 0.5 percent in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9 percent at an annual rate in the first quarter. Manufacturing production moved down 0.5 percent in April after being unchanged in March. The index for mining advanced 1.6 percent in April, while the index for utilities fell 3.5 percent. At 109.2 percent of its 2012 average, total industrial production was 0.9 percent higher in April than it was a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in April to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972-2018) average.


April 16, 2019

Gross Value of Products and Industrial Supplies series corrected in DDP

The Federal Reserve corrected the labels for the Gross Value of Products and Industrial Supplies series in the Data Download Program for the G.17 release on Industrial Production and Capacity Utilization issued on April 16, 2019. The Gross Value of Products and Industrial Supplies series were mislabeled as in 2009 dollars when they should have been labeled as in 2012 dollars. The Data Download Program now contains the correct information.


April 16, 2019

G.17 Data for March 2019 are now available

Industrial production and capacity utilization data for March 2019 are now available.

Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate. Manufacturing production was unchanged in March after declining in both January and February. The index for utilities rose 0.2 percent, while mining output moved down 0.8 percent. At 110.2 percent of its 2012 average, total industrial production was 2.8 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in March to 78.8 percent, a rate that is 1.0 percentage point below its long-run (1972-2018) average.

Note: The annual revision to industrial production and capacity utilization was published on March 27, 2019. Data referred to in the release dated March 15, 2019, were superseded by the data issued at the time of the annual revision.


March 27, 2019

G.17 Annual Revision Released
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, the revisions to the growth rates for total IP for recent years were small and positive, with the estimates for 2016 and 2017 a bit higher and the estimates for 2015 and 2018 slightly lower. Total IP is still reported to have increased from the end of the recession in mid-2009 through late 2014 before declining in 2015 and rebounding in mid-2016. Subsequently, the index advanced around 7 1/2 percent over 2017 and 2018.

Capacity for total industry expanded modestly in each year from 2015 to 2017 before advancing 1 1/2 percent in 2018; it is expected to advance about 2 percent in 2019. Revisions for recent years were very small and showed slightly less expansion in most years relative to earlier reports.

In the fourth quarter of 2018, capacity utilization for total industry stood at 79.4 percent, about 3/4 percentage point above its previous estimate and about 1/2 percentage point below its long-run (1972-2018) average. The utilization rate in 2017 is also higher than its previous estimate.


March 15, 2019

Seasonal Factors for domestic auto and truck production have been revised

Seasonal factors for auto and truck production were revised from January 2014 through June 2020 on March 15, 2019. The revised factors for December 2018 through February 2019 were used in the G.17 release issued on March 15, 2019, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 27, 2019. The revised seasonal factors are based on production data through January 2019. The factors reflect the holiday schedule in place from the domestic autoworkers' current contract, which expires in September 2019. The same holiday pattern is assumed to prevail through June 2020. The factors will be revised if a different holiday schedule is put in place when the new contract is signed. The seasonal factors are also scheduled to be revised again in March 2020.


March 15, 2019

G.17 Data for February 2019 are now available

Industrial production and capacity utilization data for February 2019 are now available.

Industrial production edged up 0.1 percent in February after decreasing 0.4 percent in January. Manufacturing production fell 0.4 percent in February for its second consecutive monthly decline. The index for utilities rose 3.7 percent, while the index for mining moved up 0.3 percent. At 109.7 percent of its 2012 average, total industrial production was 3.5 percent higher in February than it was a year earlier. Capacity utilization for the industrial sector edged down 0.1 percentage point in February to 78.2 percent, a rate that is 1.6 percentage points below its long-run (1972-2018) average.


February 26, 2019

Computer Storage Equipment Price Index Released

An updated annual price index for computer storage equipment, the primary product of North American Industry Classification System (NAICS) industry 334112, "Computer Storage Device Manufacturing," has been released. In addition, the underlying quarterly frequency series is provided for the first time. These price indexes provide an estimate of price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a market research company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was first incorporated into the industrial production index for computer storage equipment at the time of the 2016 annual revision to the G.17 statistical release on industrial production and capacity utilization, which was published on April 1, 2016. The updated computer storage price index will be incorporated in the G.17 annual revision planned for release on March 27, 2019. More details on the data sources and index construction are available in a FEDS Note.


February 15, 2019

G.17 annual revision planned for March 27, 2019

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 27, 2019. The Economic Census for 2017 will not be available from the U.S. Census Bureau by early 2019, so no new annual benchmark data will be included for manufacturing. Other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels), will be incorporated. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2018 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


February 15, 2019

G.17 Data for January 2019 are now available

Industrial production and capacity utilization data for January 2019 are now available.

Industrial production decreased 0.6 percent in January after rising 0.1 percent in December. In January, manufacturing production fell 0.9 percent, primarily as a result of a large drop in motor vehicle assemblies; factory output excluding motor vehicles and parts decreased 0.2 percent. The indexes for mining and utilities moved up 0.1 percent and 0.4 percent, respectively. At 109.4 percent of its 2012 average, total industrial production was 3.8 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in January to 78.2 percent, a rate that is 1.6 percentage points below its long-run (1972-2018) average.


January 18, 2019

100 Years of the Industrial Production Index

With this release, the index of industrial production comprises a full 100 years of monthly data, from January 1919 to December 2018. A brief history of the index is available on the Board's website at https://www.federalreserve.gov/releases/g17/100_years_of_ip_data.htm.


January 18, 2019

G.17 Data for December 2018 are now available

Industrial production and capacity utilization data for December are now available.

Industrial production increased 0.3 percent in December after rising 0.4 percent in November. For the fourth quarter as a whole, total industrial production moved up at an annual rate of 3.8 percent. In December, manufacturing output increased 1.1 percent, its largest gain since February 2018. The output of mines rose 1.5 percent, but the index for utilities fell 6.3 percent, as warmer-than-usual temperatures lowered the demand for heating. At 109.9 percent of its 2012 average, total industrial production was 4.0 percent higher in December than it was a year earlier. Capacity utilization for the industrial sector rose 0.1 percentage point in December to 78.7 percent, a rate that is 1.1 percentage points below its long-run (1972-2017) average.


December 14, 2018

G.17 Data for November 2018 are now available

Industrial production and capacity utilization data for November 2018 are now available.

Industrial production rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of mining increased 1.7 percent, and the index for utilities gained 3.3 percent. At 109.4 percent of its 2012 average, total industrial production was 3.9 percent higher in November than it was a year earlier. Capacity utilization for the industrial sector rose 0.4 percentage point in November to 78.5 percent, a rate that is 1.3 percentage points below its long-run (1972-2017) average.


November 16, 2018

G.17 Data for October 2018 are now available

Industrial production and capacity utilization data for October 2018 are now available.

Industrial production edged up 0.1 percent in October, as a gain for manufacturing outweighed decreases elsewhere. As a result of upward revisions primarily in mining, the overall index is now reported to have advanced at an annual rate of 4.7 percent in the third quarter, appreciably above the gain of 3.3 percent reported initially. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month. In October, manufacturing output rose 0.3 percent for its fifth consecutive monthly increase, while the indexes for mining and for utilities declined 0.3 percent and 0.5 percent, respectively. At 109.1 percent of its 2012 average, total industrial production was 4.1 percent higher in October than it was a year earlier. Capacity utilization for the industrial sector was 78.4 percent, a rate that is 1.4 percentage points below its long-run (1972-2017) average.


October 16, 2018

G.17 Data for September 2018 are now available

Industrial production and capacity utilization data for September 2018 are now available.

Industrial production increased 0.3 percent in September, about the same rate of change as in the previous two months. Output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1 percentage point. For the third quarter as a whole, total industrial production advanced at an annual rate of 3.3 percent. In September, manufacturing output moved up 0.2 percent for its fourth consecutive monthly increase, while the output of utilities was unchanged. The index for mining increased 0.5 percent and has moved up in each of the past eight months. At 108.5 percent of its 2012 average, total industrial production was 5.1 percent higher in September than it was a year earlier. Capacity utilization for the industrial sector was unchanged at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.


October 16, 2018

G.17 annual revision planned around the end of the first quarter of 2019

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2019. The Economic Census for 2017 will not be available from the U.S. Census Bureau by early 2019, so no new annual benchmark data will be included for manufacturing. Other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels), will be incorporated. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2018 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


September 14, 2018

G.17 Data for August 2018 are now available

Industrial production and capacity utilization data for August 2018 are now available.

Industrial production rose 0.4 percent in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 percent on the strength of a 4.0 percent rise for motor vehicles and parts; motor vehicle assemblies jumped to an annual rate of 11.5 million units, the strongest reading since April. Excluding the gain in motor vehicles and parts, factory output was unchanged. The output of utilities advanced 1.2 percent, and mining production increased 0.7 percent; the index for mining last decreased in January. At 108.2 percent of its 2012 average, total industrial production was 4.9 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector moved up in August to 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.


August 29, 2018

Annual data on manufacturing investment and capital have been released
The Federal Reserve released updated annual information on the real capital stock and both nominal and real investment for detailed industries (2012 NAICS basis) within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

August 15, 2018

G.17 Data for July 2018 are now available

Industrial production and capacity utilization data for July 2018 are now available.

Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent. At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average.


August 15, 2018

G.17 Release Dates for 2019

In 2019, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 18, February 15, March 15, April 16, May 15, June 14, July 16, August 15, September 17, October 17, November 15, and December 17.


July 31, 2018

Seasonal factors for motor vehicle sales have been released

The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2018. These factors are estimated once per year using X13-ARIMA. The factors will be revised again in the summer of 2019. A comma-delimited text file containing these seasonal factors is available for download here (CSV). A Technical Q&A with details on the calculation of the seasonal factors for light vehicles is available here.


July 17, 2018

G.17 Data for June 2018 are now available

Industrial production and capacity utilization data for June 2018 are now available.

Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June. The production of motor vehicles and parts rebounded last month after truck assemblies fell sharply in May because of a disruption at a parts supplier. Factory output, aside from motor vehicles and parts, increased 0.3 percent in June. The index for mining rose 1.2 percent and surpassed the level of its previous historical peak (December 2014); the output of utilities moved down 1.5 percent. At 107.7 percent of its 2012 average, total industrial production was 3.8 percent higher in June than it was a year earlier. Capacity utilization for the industrial sector increased 0.3 percentage point in June to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.


June 15, 2018

G.17 Data for May 2018 are now available

Industrial production and capacity utilization data for May 2018 are now available.

Industrial production edged down 0.1 percent in May after rising 0.9 percent in April. Manufacturing production fell 0.7 percent in May, largely because truck assemblies were disrupted by a major fire at a parts supplier. Excluding motor vehicles and parts, factory output moved down 0.2 percent. The index for mining rose 1.8 percent, its fourth consecutive month of growth; the output of utilities moved up 1.1 percent. At 107.3 percent of its 2012 average, total industrial production was 3.5 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972-2017) average.


June 01, 2018

Communications Equipment Price Indexes Released

The Federal Reserve released updated communications equipment price indexes. Comma-delimited text files and an Excel workbook containing quarterly and annual data are available for download. The data are also available as HTML tables.


June 01, 2018

Technical Q&A published on the the new communications equipment price indexes

A Technical Q&A has been posted that describes the new communications equipment price indexes published on the Federal Reserve's website June 1, 2018.


May 16, 2018

G.17 Data for April 2018 are now available

Industrial production and capacity utilization data for April 2018 are now available.

Industrial production rose 0.7 percent in April for its third consecutive monthly increase. The rates of change for industrial production for previous months were revised downward, on net; for the first quarter, output is now reported to have advanced 2.3 percent at an annual rate. After being unchanged in March, manufacturing output rose 0.5 percent in April. The indexes for mining and utilities moved up 1.1 percent and 1.9 percent, respectively. At 107.3 percent of its 2012 average, total industrial production in April was 3.5 percent higher than it was a year earlier. Capacity utilization for the industrial sector climbed 0.4 percentage point in April to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.


May 03, 2018

G.17 Technical Q&A on the construction of capacity indexes for the motor vehicle industry

A new Technical Q&A has been posted that describes the construction of the Federal Reserve's measures of capacity for the motor vehicle industry.


April 17, 2018

G.17 Data for March 2018 are now available

Industrial production and capacity utilization data for March 2018 are now available.

Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial production was 4.3 percent higher in March than it was a year earlier. Capacity utilization for the industrial sector moved up 0.3 percentage point in March to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.

The annual revision to industrial production and capacity utilization was published on March 23, 2018. Data referred to in the release dated March 16, 2018, were superseded by the data issued at the time of the annual revision.


March 23, 2018

G.17 Annual Revision Released
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, the revisions to total IP for recent years were negative: For the 2015-17 period, the current estimates show rates of change that are 0.4 to 0.7 percentage point lower in each year. Total IP is still reported to have moved up about 22 1/2 percent from the end of the recession in mid-2009 through late 2014. Subsequently, the index declined in 2015, edged down in 2016, and increased in 2017. The incorporation of detailed data for manufacturing from the U.S. Census Bureau's 2016 Annual Survey of Manufactures (ASM) accounts for the majority of the differences between the current and the previously published estimates.

Revisions to capacity for total industry were mixed. Capacity growth was revised up about 1/2 percentage point for 2016, but revisions to other recent years were negative. Capacity for total industry is estimated to have expanded less than 1 percent in 2015, 2016, and 2017, but it is expected to increase about 2 percent in 2018.

March 16, 2018

G.17 Data for February 2018 are now available

Industrial production and capacity utilization data for February 2018 are now available.

Industrial production rose 1.1 percent in February following a decline of 0.3 percent in January. Manufacturing production increased 1.2 percent in February, its largest gain since October. Mining output jumped 4.3 percent, mostly reflecting strong gains in oil and gas extraction. The index for utilities fell 4.7 percent, as warmer-than-normal temperatures last month reduced the demand for heating. At 108.2 percent of its 2012 average, total industrial production in February was 4.4 percent higher than it was a year earlier. Capacity utilization for the industrial sector climbed 0.7 percentage point in February to 78.1 percent, its highest reading since January 2015 but still 1.7 percentage points below its long-run (1972-2017) average.


March 16, 2018

Seasonal Factors for auto and truck production have been revised

Seasonal factors for auto and truck production were revised from January 2006 through June 2019 on March 16, 2018. The revised factors for September 2017 through February 2018 were used in the G.17 release issued on March 16, 2018, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 23, 2018. The revised seasonal factors are based on production data through January 2018. The seasonal factors will be revised again in March 2019.


February 15, 2018

G.17 Data for January 2018 are now available

Industrial production and capacity utilization data for January 2018 are now available.

Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972-2017) average.


February 15, 2018

G.17 Preliminary Estimates of Industry Capacity

The data in the February 15, 2018 release include preliminary estimates of industrial capacity for 2018. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 2.3 percent this year after increasing 1.1 percent in 2017. Manufacturing capacity is expected to advance 1.5 percent in 2018, somewhat faster than the 0.7 percent pace in 2017. Capacity in the mining sector is estimated to rise 6.3 percent in 2018 following a smaller increase of 2.7 percent in 2017. Capacity at electric and natural gas utilities is projected to increase 2.5 percent in 2018 after moving up 0.7 percent in 2017.


February 15, 2018

G.17 Annual Revision to be released on March 23, 2018

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 23, 2018. New annual benchmark data for 2016 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

The revision to the historical data for capacity and capacity utilization will incorporate data through the fourth quarter of 2017 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


January 17, 2018

G.17 Data for December 2017 are now available

Industrial production and capacity utilization data for December 2017 are now available.

Industrial production rose 0.9 percent in December even though manufacturing output only edged up 0.1 percent. Revisions to mining and utilities altered the pattern of growth for October and November, but the level of the overall index in November was little changed. For the fourth quarter as a whole, total industrial production jumped 8.2 percent at an annual rate after being held down in the third quarter by Hurricanes Harvey and Irma. At 107.5 percent of its 2012 average, the index has increased 3.6 percent since December 2016 for its largest calendar-year gain since 2010.

The gain in manufacturing output in December was its fourth consecutive monthly increase. The output of utilities advanced 5.6 percent for the month, while the index for mining moved up 1.6 percent. Capacity utilization for the industrial sector was 77.9 percent, a rate that is 2.0 percentage points below its long-run (1972-2016) average.


December 15, 2017

G.17 Data for November 2017 are now available

Industrial production and capacity utilization data for November 2017 are now available.

Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October. Manufacturing production also rose 0.2 percent in November, its third consecutive monthly gain. The output of utilities dropped 1.9 percent. The index for mining increased 2.0 percent, as oil and gas extraction returned to normal levels after being held down in October by Hurricane Nate. Excluding the post-hurricane rebound in oil and gas extraction, total industrial production would have been unchanged in November. Total industrial production was 106.4 percent of its 2012 average in November and was 3.4 percent above its year-earlier level. Capacity utilization for the industrial sector was 77.1 percent in November, a rate that is 2.8 percentage points below its long-run (1972-2016) average.


December 15, 2017

G.17 annual revision planned around the end of the first quarter of 2018

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2018. New annual benchmark data for 2016 will be incorporated for manufacturing, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2017 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


November 16, 2017

G.17 Data for October 2017 are now available

Industrial production and capacity utilization data for October 2017 are now available.

Industrial production rose 0.9 percent in October, and manufacturing increased 1.3 percent. The index for utilities rose 2.0 percent, but mining output fell 1.3 percent, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Even so, industrial activity was boosted in October by a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September.[1] Excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent in October, and the index for manufacturing advanced about 0.2 percent.

[1] A technical Q&A discussing the effects of the recent hurricanes on industrial production is available on the Federal Reserve Board's website at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm#HarveyIrmaNate2017. Additional discussion about the estimation process is available at https://doi.org/10.17016/2380-7172.2086


October 20, 2017

G.17 Technical Q&A on the effects of Hurricanes Harvey and Irma on August and September IP
A new Technical Q&A has been posted that shows estimates of the hurricane-related contributions to the rates of change for IP in August and September for several groupings of industries.

October 17, 2017

G.17 Data for September 2017 are now available

Industrial production and capacity utilization data for September 2017 are now available.

Industrial production rose 0.3 percent in September. The rates of change for July and August were notably revised; the current estimate for July, a decrease of 0.1 percent, was 0.5 percentage point lower than previously reported, while the estimate for August, a decrease of 0.7 percent, was 0.2 percentage point higher than before. The estimates for manufacturing, mining, and utilities were each revised lower in July. The continued effects of Hurricane Harvey and, to a lesser degree, the effects of Hurricane Irma combined to hold down the growth in total production in September by 1/4 percentage point.[1] For the third quarter as a whole, industrial production fell 1.5 percent at an annual rate; excluding the effects of the hurricanes, the index would have risen at least 1/2 percent. Manufacturing output edged up 0.1 percent in September but fell 2.2 percent at an annual rate in the third quarter. The indexes for mining and utilities in September rose 0.4 percent and 1.5 percent, respectively. At 104.6 percent of its 2012 average, total industrial production in September was 1.6 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in September to 76.0 percent, a rate that is 3.9 percentage points below its long-run (1972-2016) average.

A technical Q&A discussing the effect of Hurricane Harvey on industrial production for August will be published on the Board's website at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm#hurricaneharvey2017. Additional discussion about the estimation process is available at https://doi.org/10.17016/2380-7172.2086.


October 12, 2017

FEDS Note Released: Natural Disasters and the Measurement of Industrial Production - Hurricane Harvey, a Case Study
The FEDS Note describes the process that Federal Reserve staff used to measure the effects of Hurricane Harvey on the Industrial Production statistics.

September 15, 2017

G.17 Data for August 2017 are now available

Industrial production and capacity utilization data for August 2017 are now available.

Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point. The index for manufacturing decreased 0.3 percent; storm-related effects appear to have reduced the rate of change in factory output in August about 3/4 percentage point. The manufacturing industries with the largest estimated storm-related effects were petroleum refining, organic chemicals, and plastics materials and resins.

A technical Q&A discussing the effect of Hurricane Harvey on industrial production for August will be published on the Board's website at https://www.federalreserve.gov/releases/g17/g17_technical_qa.htm#hurricaneharvey2017.


August 17, 2017

G.17 Release Dates for 2018 Announced

The 2018 release dates for the G.17 were announced today. The 2018 release dates are as follows: January 17, February 15, March 16, April 17, May 16, June 15, July 17, August 15, September 14, October 16, November 16, and December 14


August 17, 2017

G.17 Data for July 2017 are now available

Industrial production and capacity utilization data for July 2017 are now available.

Industrial production rose 0.2 percent in July following an increase of 0.4 percent in June. In July, manufacturing output edged down 0.1 percent; the production of motor vehicles and parts fell substantially, but that decrease was mostly offset by a net gain of 0.2 percent for other manufacturing industries. Following a six-month string of increases beginning in September 2016, factory output was little changed, on net, between February and July. The indexes for mining and utilities in July rose 0.5 percent and 1.6 percent, respectively. At 105.5 percent of its 2012 average, total industrial production was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector was unchanged in July at 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972-2016) average.


August 08, 2017

Annual data on manufacturing investment and capital have been released
The Federal Reserve released updated annual information on the real capital stock and both nominal and real investment for detailed industries within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

August 01, 2017

Seasonal factors for motor vehicle sales have been released
The Federal Reserve has re-estimated seasonal factors for motor vehicle sales, using data through April 2017. These factors are estimated once per year using X12-ARIMA. The factors will be revised again in summer 2018. A comma-delimited text file containing these seasonal factors is available for download.

July 14, 2017

G.17 Data for June 2017 are now available

Industrial production and capacity utilization data for June 2017 are now available.

Industrial production rose 0.4 percent in June for its fifth consecutive monthly increase. Manufacturing output moved up 0.2 percent; although factory output has gone up and down in recent months, its level in June was little different from February. The index for mining posted a gain of 1.6 percent in June, just slightly below its pace in May. The index for utilities, however, remained unchanged. For the second quarter as a whole, industrial production advanced at an annual rate of 4.7 percent, primarily as a result of strong increases for mining and utilities. Manufacturing output rose at an annual rate of 1.4 percent, a slightly slower increase than in the first quarter. At 105.2 percent of its 2012 average, total industrial production in June was 2.0 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in June to 76.6 percent, a rate that is 3.3 percentage points below its long-run (1972-2016) average.


July 14, 2017

Revised Estimates of Industrial Capacity

The estimates for industrial capacity in 2017 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Measured from the fourth quarter of 2016 to the fourth quarter of 2017, capacity indexes for the industrial sector and for manufacturing are now expected to increase 1.1 percent and 0.7 percent, respectively; each gain is 0.1 percentage point higher than previously estimated. Mining capacity is now expected to rise 2.7 percent. This increase is 0.5 percentage point higher than previously estimated, primarily reflecting faster capacity growth for oil and gas extraction. The increase in capacity for utilities is unrevised at 0.7 percent.


June 15, 2017

G.17 Data for May 2017 are now available

Industrial production and capacity utilization data for May 2017 are now available.

Industrial production was unchanged in May following a large increase in April and smaller increases in February and March. Manufacturing output declined 0.4 percent in May; the index is little changed, on net, since February. The indexes for mining and utilities posted gains of 1.6 percent and 0.4 percent, respectively, in May. At 105.0 percent of its 2012 average, total industrial production in May was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector edged down 0.1 percentage point in May to 76.6 percent, a rate that is 3.3 percentage points below its long-run (1972-2016) average.


April 18, 2017

G.17 Data for March 2017 are now available

Industrial production and capacity utilization data for March 2017 are now available.

Industrial production increased 0.5 percent in March after moving up 0.1 percent in February. The increase in March was more than accounted for by a jump of 8.6 percent in the output of utilities-the largest in the history of the index-as the demand for heating returned to seasonal norms after being suppressed by unusually warm weather in February. Manufacturing output fell 0.4 percent in March, led by a large step-down in the production of motor vehicles and parts; factory output aside from motor vehicles and parts moved down 0.2 percent. The production at mines edged up 0.1 percent. For the first quarter as a whole, industrial production rose at an annual rate of 1.5 percent. At 104.1 percent of its 2012 average, total industrial production in March was 1.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.4 percentage point in March to 76.1 percent, a rate that is 3.8 percentage points below its long-run (1972-2016) average.


April 18, 2017

Introduction of Reliability Estimates for Industrial Production Indexes

With the G.17 statistical release on April 18, 2017, the Federal Reserve Board began publishing estimates of the reliability of the levels and the rates of change (monthly and quarterly) of the reported production indexes for total industry, manufacturing, mining, and utilities. The reliability estimates are designed to give data users a sense of the typical range into which a statistic will likely end up after its final (fifth) revision in a monthly release. The reliability estimates are based on the revision history for the indexes back to 2008; each G.17 release will include estimates for those months and quarters for which either new or updated estimates were issued that month. A detailed explanation is available on the Board's website at https://www.federalreserve.gov/releases/g17/revisions/20170418/DefaultRev.htm.

The reliability estimates are issued in table 15 of the G.17 release, available on the Board's website at https://www.federalreserve.gov/releases/g17/Current/default.htm. A text file that contains the estimates is also available on the Federal Reserve's website at https://www.federalreserve.gov/releases/g17/ipdisk/revh_sa.txt.


March 31, 2017

Communications Equipment Price Indexes Released
The Federal Reserve has released updated communications equipment price indexes. Comma-delimited text files containing quarterly and annual data are available for download.

March 31, 2017

G.17 Annual Revision Released
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. On net, the revisions were small, and the contour of total IP is little changed. Total IP is still reported to have moved up about 22 percent from the end of the recession in mid-2009 through late 2014, to have declined in 2015, and to have moved sideways in 2016. The most notable difference between the current and the previous estimates is that total IP is now reported to have decreased about 2 3/4 percent in 2015, whereas it previously showed a decline of about 1 3/4 percent.[2] The incorporation of detailed data for manufacturing from the U.S. Census Bureau's 2015 Annual Survey of Manufactures (ASM) accounts for the majority of the differences between the current and the previously published estimates.

March 17, 2017

G.17 Annual Revision to be released at noon (EDT) on March 31, 2017

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization at 12:00 noon (EDT) on March 31, 2017. New annual benchmark data for 2015 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2016 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


March 17, 2017

G.17 Data for February 2017 are now available

Industrial production and capacity utilization data for February 2017 are now available.

Industrial production was unchanged in February following a 0.1 percent decrease in January. In February, manufacturing output moved up 0.5 percent for its sixth consecutive monthly increase. Mining output jumped 2.7 percent, but the index for utilities fell 5.7 percent, as continued unseasonably warm weather further reduced demand for heating. At 104.7 percent of its 2012 average, total industrial production in February was 0.3 percent above its level of a year earlier. Capacity utilization for the industrial sector declined 0.1 percentage point in February to 75.4 percent, a rate that is 4.5 percentage points below its long-run (1972-2016) average.


March 17, 2017

Seasonal Factors for auto and truck production have been revised

Seasonal factors for auto and truck production were revised back to January 1996 and extended through June 2018 on March 17, 2017. The revised factors for September 2016 through February 2017 were used in the G.17 release published on March 17, 2017, and the revised factors for earlier months will be incorporated into the production estimates at the time of the annual revision on March 31, 2017. The revised seasonal factors are based on production data through January 2017. The revised factors also correct an error in the number of holidays for January 2017, which had previously been understated. The seasonal factors will be revised again in March 2018.


February 15, 2017

G.17 Data for January 2017 are now available

Industrial production and capacity utilization data for January 2017 are now available.

Industrial production decreased 0.3 percent in January following a 0.6 percent increase in December. In January, manufacturing output moved up 0.2 percent, and mining output jumped 2.8 percent. The index for utilities fell 5.7 percent, largely because unseasonably warm weather reduced the demand for heating. At 104.6 percent of its 2012 average, total industrial production in January was at about the same level as it was a year earlier. Capacity utilization for the industrial sector fell 0.3 percentage point in January to 75.3 percent, a rate that is 4.6 percentage points below its long-run (1972-2016) average.


February 15, 2017

G.17 Preliminary Estimates of Industry Capacity

The data in the February 15, 2017 release include preliminary estimates of industrial capacity for 2017. Measured from fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.3 percent this year after increasing 0.4 percent in 2016. Manufacturing capacity is expected to advance 1.1 percent in 2017, somewhat faster than the 0.7 percent pace in 2016. Capacity in the mining sector is estimated to rise 0.9 percent in 2017 after falling 3.4 percent in 2016. Capacity at electric and natural gas utilities is projected to increase 0.8 percent, about the same rate as in the three previous years.


January 18, 2017

G.17 Data for December 2016 are now available

Industrial production and capacity utilization data for December 2016 are now available.

Industrial production rose 0.8 percent in December after falling 0.7 percent in November. For the fourth quarter as a whole, the index slipped 0.6 percent at an annual rate. In December, manufacturing output moved up 0.2 percent and mining output was unchanged. The index for utilities jumped 6.6 percent, largely because of a return to more normal temperatures following unseasonably warm weather in November; the gain last month was the largest since December 1989. At 104.6 percent of its 2012 average, total industrial production in December was 0.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percentage point in December to 75.5 percent, a rate that is 4.5 percentage points below its long-run (1972-2015) average.


December 14, 2016

G.17 Data for November 2016 are now available

Industrial production and capacity utilization data for November 2016 are now available.

Industrial production declined 0.4 percent in November after edging up 0.1 percent in October. In November, manufacturing output moved down 0.1 percent, and mining posted a gain of 1.1 percent. The index for utilities dropped 4.4 percent, as warmer-than-normal temperatures reduced the demand for heating. At 103.9 percent of its 2012 average, total industrial production in November was 0.6 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in November to 75.0 percent, a rate that is 5.0 percentage points below its long-run (1972-2015) average.


November 16, 2016

G.17 Data for October 2016 are now available

Industrial production and capacity utilization data for October 2016 are now available.

Industrial production was unchanged in October after decreasing 0.2 percent in September. Although the level of industrial production in September was the same as the previous estimate, revisions to the index for utilities raised the rate of change in total industrial production in August and lowered it in September. In October, manufacturing output increased 0.2 percent, and mining posted a gain of 2.1 percent for its largest increase since March 2014. The index for utilities dropped 2.6 percent, as warmer-than-normal temperatures reduced the demand for heating. At 104.3 percent of its 2012 average, total industrial production in October was 0.9 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged down 0.1 percentage point in October to 75.3 percent, a rate that is 4.7 percentage points below its long-run (1972-2015) average.


October 28, 2016

Communications Equipment Price Indexes Released
The Federal Reserve has released updated communications equipment price indexes. Comma-delimited text files containing quarterly and annual data are available for download.

October 17, 2016

G.17 Data for September 2016 are now available

Industrial production and capacity utilization data for September 2016 are now available.

Industrial production edged up 0.1 percent in September after falling 0.5 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 1.8 percent for its first quarterly increase since the third quarter of 2015. Manufacturing output increased 0.2 percent in September and moved up at an annual rate of 0.9 percent in the third quarter. In September, the index for utilities declined 1.0 percent; mining posted a gain of 0.4 percent, which partially reversed its August decline. At 104.2 percent of its 2012 average, total industrial production in September was 1.0 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged up 0.1 percentage point in September to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972-2015) average.


September 15, 2016

G.17 Data for August 2016 are now available

Industrial production and capacity utilization data for August 2016 are now available.

Industrial production decreased 0.4 percent in August after rising 0.6 percent in July. Manufacturing output also declined 0.4 percent in August, reversing its increase in July; the level of the index in August is little changed from its level in March. Following two consecutive monthly increases, the index for utilities fell back 1.4 percent in August. Even so, the index was 1.7 percent above its year-earlier level, as hot temperatures this summer boosted the usage of air conditioning. The output of mining moved up 1.0 percent in August, its fourth consecutive monthly increase following an extended downturn; the index, however, was still about 9 percent below its year-ago level. At 104.4 percent of its 2012 average, total industrial production in August was 1.1 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in August to 75.5 percent, a rate that is 4.5 percentage points below its long-run (1972-2015) average.


August 16, 2016

G.17 Data for July 2016 are now available

Industrial production and capacity utilization data for July 2016 are now available.

Industrial production rose 0.7 percent in July after moving up 0.4 percent in June. The advance in July was the largest for the index since November 2014. Manufacturing output increased 0.5 percent in July for its largest gain since July 2015. The index for utilities rose 2.1 percent as a result of warmer-than-usual weather in July boosting demand for air conditioning. The output of mining moved up 0.7 percent; the index has increased modestly, on net, over the past three months after having fallen about 17 percent between December 2014 and April 2016. At 104.9 percent of its 2012 average, total industrial production in July was 0.5 percent lower than its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in July to 75.9 percent, a rate that is 4.1 percentage points below its long-run (1972-2015) average.


August 16, 2016

G.17 Release Dates for 2017 Announced

The 2017 release dates for the G.17 were announced today. The 2017 release dates are as follows: January 18, February 15, March 17, April 18, May 16, June 15, July 14, August 17, September 15, October 17, November 16, and December 15.


August 02, 2016

Annual data on manufacturing investment and capital have been released
The Federal Reserve released updated annual information on the real capital stock and real investment for detailed industries within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

August 02, 2016

Seasonal factors for auto and truck sales have been released
The Federal Reserve released updated seasonal factors for auto and truck sales. A comma-delimited text file containing these seasonal factors is available for download.

July 15, 2016

G.17 Data for June 2016 are now available

Industrial production and capacity utilization data for June 2016 are now available.

Industrial production increased 0.6 percent in June after declining 0.3 percent in May. For the second quarter as a whole, industrial production fell at an annual rate of 1.0 percent, its third consecutive quarterly decline. Manufacturing output moved up 0.4 percent in June, a gain largely due to an increase in motor vehicle assemblies. The output of manufactured goods other than motor vehicles and parts was unchanged. The index for utilities rose 2.4 percent as a result of warmer weather than is typical for June boosting demand for air conditioning. The output of mining moved up 0.2 percent for its second consecutive small monthly increase following eight straight months of decline. At 104.1 percent of its 2012 average, total industrial production in June was 0.7 percent lower than its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in June to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972-2015) average.


July 15, 2016

Revised Estimates of Industrial Capacity

The estimates for industrial capacity in 2015 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and private sources as well as updated estimates of capital spending by industry. Capacity for the industrial sector, measured from the fourth quarter of 2015 to the fourth quarter of 2016, is now expected to increase 0.4 percent, a rate that is 0.1 percentage point lower than previously estimated. Manufacturing capacity is now expected to rise 0.7 percent, a pace 0.2 percentage point less than the previous estimate; a smaller increase in the capacity for manufacturing of selected high-technology goods accounts for the downward revision. The decrease in mining capacity for 2016 is unrevised at 3.4 percent, and the gain in capacity for utilities is also unrevised at 0.8 percent.


June 15, 2016

G.17 Data for May 2016 are now available

Industrial production and capacity utilization data for May 2016 are now available.

Industrial production decreased 0.4 percent in May after increasing 0.6 percent in April. Declines in the indexes for manufacturing and utilities in May were slightly offset by a small gain for mining. The output of manufacturing moved down 0.4 percent, led by a large step-down in the production of motor vehicles and parts; factory output aside from motor vehicles and parts edged down 0.1 percent. The index for utilities fell 1.0 percent, as a drop in the output of electric utilities was partly offset by a gain for natural gas utilities. After eight straight monthly declines, the production at mines moved up 0.2 percent. At 103.6 percent of its 2012 average, total industrial production in May was 1.4 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in May to 74.9 percent, a rate that is 5.1 percentage points below its long-run (1972-2015) average.


May 20, 2016

G.17 release correction issued for unit truck assemblies and unit motor vehicle assemblies

The Federal Reserve has issued a correction to the G.17 release on Industrial Production and Capacity Utilization that was issued on May 17, 2016. Table 3 of the release contained incorrect data on unit truck assemblies and unit motor vehicle assemblies. All of the other figures in the release were correct. An updated release is available on the Board's website, and the data files and the DDP now contain the correct information.


May 17, 2016

G.17 Data for April 2016 are now available

Industrial production and capacity utilization data for April 2016 are now available.

Industrial production increased 0.7 percent in April after decreasing in the previous two months. Manufacturing output rose 0.3 percent after declining the same amount in March. The index for utilities jumped 5.8 percent in April, as the demand for electricity and natural gas returned to a more normal level after being suppressed by warmer-than-usual weather in March. Mining production fell 2.3 percent in April, and it has decreased more than 1 1/2 percent per month, on average, over the past eight months. At 104.1 percent of its 2012 average, total industrial production in April was 1.1 percent below its year-earlier level. Capacity utilization for the industrial sector increased 0.5 percentage point in April to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972-2015) average.


April 15, 2016

G.17 Data for March 2016 are now available

Industrial production and capacity utilization data for March 2016 are now available.

Industrial production decreased 0.6 percent in March for a second month in a row. For the first quarter as a whole, industrial production fell at an annual rate of 2.2 percent. A substantial portion of the overall decrease in March resulted from declines in the indexes for mining and utilities, which fell 2.9 percent and 1.2 percent, respectively; in addition, manufacturing output fell 0.3 percent. The sizable decrease in mining production continued the industry's recent downward trajectory; the index has fallen in each of the past seven months, at an average pace of 1.6 percent per month. At 103.4 percent of its 2012 average, total industrial production in March was 2.0 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.5 percentage point in March to 74.8 percent, a rate that is 5.2 percentage points below its long-run (1972-2015) average.


April 15, 2016

Computer Storage Equipment Price Index Released

The Federal Reserve updated its computer storage equipment price index with new data for 2015. The index provides an estimate of year-to-year price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was incorporated into the industrial production indexes for computer storage equipment at the time of the annual revision to the G.17 statistical release on industrial production and capacity utilization that was published on April 1, 2016.


April 01, 2016

G.17 Annual Revision Released

The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. Total IP is now reported to have increased about 2 1/2 percent per year, on average, from 2011 through 2014 before falling 1 1/2 percent in 2015. Relative to earlier reports, the current rates of change are lower, especially for 2014 and 2015. Total IP is now estimated to have returned to its pre-recession peak in November 2014, six months later than previously estimated. Capacity for total industry is now reported to have increased about 2 percent in 2014 and 2015 after having increased only 1 percent in 2013. Compared with the previously reported estimates, the gain in 2015 is 1/2 percentage point higher, and the gain in 2013 is 1/2 percentage point lower. Industrial capacity is expected to increase 1/2 percent in 2016.


April 01, 2016

Seasonal Factors for auto and truck production have been revised

Seasonal factors for auto and truck production have been revised from January 1996 through October 2017. The seasonal factors will be revised again in March 2017.


March 16, 2016

G.17 Data for February 2016 are now available

Industrial production and capacity utilization data for February 2016 are now available.

Industrial production decreased 0.5 percent in February after increasing 0.8 percent in January. Sizable declines in the indexes for both utilities and mining in February outweighed a gain of 0.2 percent for manufacturing. The output of utilities dropped 4.0 percent, as unseasonably warm weather curbed the demand for heating. Mining production fell 1.4 percent and has decreased nearly 1.3 percent per month, on average, over the past six months. At 106.3 percent of its 2012 average, total industrial production in February was 1.0 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in February to 76.7 percent, a rate that is 3.3 percentage points below its long-run (1972-2015) average.


February 24, 2016

Annual data on manufacturing investment and capital have been released
Data on real investment and capital stocks for manufacturing industries have been added to the data download tab on the G.17 release. As part of the estimation of capacity for publication of its G.17 statistical release on industrial production and capacity utilization, the Federal Reserve Board produces annual information on the real capital stock and real investment for detailed industries within the manufacturing sector based on a variety of data sources. These data by industry and broad asset class are provided to the National Bureau of Economic Research-Center for Economic Studies (NBER-CES) Manufacturing Industry Database.

February 17, 2016

G.17 Data for January 2016 are now available

Industrial production and capacity utilization data for January 2016 are now available.

Industrial production increased 0.9 percent in January after decreasing 0.7 percent in December. A storm late in the month likely held down production in January by a small amount. The index for utilities jumped 5.4 percent; demand for heating moved up markedly after having been suppressed by unseasonably warm weather in December. Manufacturing output increased 0.5 percent in January and was 1.2 percent above its year-earlier level. Mining production was unchanged following four months with declines that averaged about 1 1/2 percent per month. At 106.8 percent of its 2012 average, total industrial production in January was 0.7 percent below its year-earlier level. Capacity utilization for the industrial sector increased 0.7 percentage point in January to 77.1 percent, a rate that is 2.9 percentage points below its long-run (1972-2015) average.


January 15, 2016

G.17 Data for December 2015 are now available

Industrial production and capacity utilization data for December 2015 are now available.

Industrial production declined 0.4 percent in December, primarily as a result of cutbacks for utilities and mining. The decrease for total industrial production in November was larger than previously reported, but upward revisions to earlier months left the level of the index in November only slightly below its initial estimate. For the fourth quarter as a whole, industrial production fell at an annual rate of 3.4 percent. Manufacturing output edged down in December. The index for utilities dropped 2.0 percent, as continued warmer-than-usual temperatures reduced demand for heating. Mining production decreased 0.8 percent in December for its fourth consecutive monthly decline. At 106.0 percent of its 2012 average, total industrial production in December was 1.8 percent below its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in December to 76.5 percent, a rate that is 3.6 percentage points below its long-run (1972-2014) average.


December 18, 2015

Addendum to the release text for the G.17 annual revision is now available

An addendum to the release text for the 2015 annual revision to the index of industrial production and capacity utilization, which was released on July 21, 2015, has been issued.


December 16, 2015

G.17 Data for November 2015 are now available

Industrial production and capacity utilization data for November 2015 are now available.

Industrial production declined 0.6 percent in November after decreasing 0.4 percent in October. In November, manufacturing production was unchanged from October. The index for utilities dropped 4.3 percent, as unusually warm weather held down the demand for heating. The index for mining fell 1.1 percent in November, with much of this decrease attributable to sizable declines for coal mining and for oil and gas well drilling and servicing. At 106.5 percent of its 2012 average, total industrial production in November was 1.2 percent below its year-earlier level. Capacity utilization for the industrial sector declined 0.5 percentage point in November to 77.0 percent, a rate that is 3.1 percentage points below its long-run (1972-2014) average.


December 16, 2015

G.17 annual revision planned around the end of the first quarter of 2016

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization around the end of the first quarter of 2016. New annual benchmark data for 2014 for manufacturing will be incorporated, as will other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.

Capacity and capacity utilization will be revised to incorporate data through the fourth quarter of 2015 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.


December 16, 2015

Microprocessor Price Index and Computer Storage Equipment Price Index Released

The Federal Reserve released updated microprocessor price index with new data for 2012 and 2013. This price index was previously issued in 2013 with data for 2007 through 2011. The updated price index was incorporated into the industrial production index for semiconductors and related electronic components published on July 21, 2015, as a part of the annual revision to the G.17 statistical release on industrial production and capacity utilization.

The Federal Reserve also issued an annual price index for computer storage equipment for the period 2002 through 2014. The index provides an estimate of year-to-year price changes for computer storage equipment assuming that the quality of the device is unchanged. Data from IDC, a company specializing in information technology industries, were used to construct a matched-model quarterly price index, which was then converted to an annual index. This annual price index was incorporated into the industrial production indexes for computer storage equipment at the time of the annual revision to the G.17 statistical release on industrial production and capacity utilization that was published on July 21, 2015.


November 17, 2015

G.17 Data for October 2015 are now available

Industrial production and capacity utilization data for October 2015 are now available.

Industrial production declined 0.2 percent in October after decreasing the same amount in September. In October, the index for manufacturing moved up 0.4 percent, while the index for mining fell 1.5 percent and the index for utilities dropped 2.5 percent. For the third quarter as a whole, total industrial production is now estimated to have increased at an annual rate of 2.6 percent; a gain of 1.8 percent had been reported previously. At 107.2 percent of its 2012 average, total industrial production in October was 0.3 percent above its year-earlier level. Capacity utilization for the industrial sector declined 0.2 percentage point in October to 77.5 percent, a rate that is 2.6 percentage points below its long-run (1972-2014) average.


October 16, 2015

G.17 Data for September 2015 are now available

Industrial production and capacity utilization data for September 2015 are now available.

Industrial production decreased 0.2 percent in September after edging down 0.1 percent in August. The decline in August is smaller than previously reported. In September, manufacturing output moved down 0.1 percent for a second consecutive monthly decrease; the index for mining fell 2.0 percent, while the index for utilities rose 1.3 percent. For the third quarter as a whole, total industrial production rose at an annual rate of 1.8 percent, and manufacturing output increased 2.5 percent. A strong gain for motor vehicles and parts contributed substantially to the quarterly increases. At 107.1 percent of its 2012 average, total industrial production in September was 0.4 percent above its year-earlier level. Capacity utilization for the industrial sector fell 0.3 percentage point in September to 77.5 percent, a rate that is 2.6 percentage points below its long-run (1972-2014) average.


September 17, 2015

G.17 Data for August 2015 are now available

Industrial production and capacity utilization data for August 2015 are now available.

Industrial production decreased 0.4 percent in August after increasing 0.9 percent in July. The increase in July is now estimated to be greater than originally reported last month, largely as a result of upward revisions for mining and utilities. Manufacturing output fell 0.5 percent in August primarily because of a large drop in motor vehicles and parts that reversed a substantial portion of its jump in July; production elsewhere in manufacturing was unchanged. The index for mining fell 0.6 percent in August, while the index for utilities rose 0.6 percent. At 107.1 percent of its 2012 average, total industrial production in August was 0.9 percent above its year-earlier level. Capacity utilization for the industrial sector fell 0.4 percentage point in August to 77.6 percent, a rate that is 2.5 percentage points below its long-run (1972-2014) average.


September 17, 2015

G.17 Release Dates for 2016 Announced

The 2016 release dates for the G.17 were announced today. The 2016 release dates are as follows: January 15, February 17, March 16, April 15, May 17, June 15, July 15, August 16, September 15, October 17, November 16, and December 14.


August 14, 2015

G.17 Data for July 2015 are now available

Industrial production and capacity utilization data for July 2015 are now available.

Industrial production increased 0.6 percent in July after moving up 0.1 percent in June. In July, manufacturing output advanced 0.8 percent primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6 percent, and production elsewhere in manufacturing edged up 0.1 percent. The index for mining rose 0.2 percent, while the index for utilities fell 1.0 percent. At 107.5 percent of its 2012 average, total industrial production in July was 1.3 percent above its year-earlier level. (The comparison base year for industrial production was advanced to 2012 in the annual revision to the statistics published on July 21, 2015.) Capacity utilization for the industrial sector increased 0.3 percentage point in July to 78.0 percent, a rate that is 2.1 percentage points below its long-run (1972-2014) average.


August 13, 2015

The base year for the G.17 data was advanced to 2012

The annual revision to the G.17 statistics on industrial production (IP) and the related measures of capacity utilization, which was published on July 21, 2015, advanced the comparison base year to 2012. Future monthly releases, including the G.17 publication that will be issued tomorrow, August 14, 2015, will reflect this change.


August 07, 2015

Communications Equipment Price Indexes Released
The Federal Reserve has released updated communications equipment price indexes. Comma-delimited text files containing quarterly and annual data are available for download.

July 30, 2015

Seasonal factors for auto and truck sales have been released
Seasonal factors for auto and truck sales have been released. A Technical Q&A has also been prepared that addresses how the seasonal factors for light vehicle sales are calculated. Details can be found here.

July 21, 2015

G.17 Annual Revision Released
The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization.1 Total IP is now reported to have increased slightly less than 2-1/2 percent per year, on average, from 2011 through 2013 before advancing about 4-1/2 percent in 2014 and falling back somewhat in the first half of 2015.2 Relative to earlier reports, the current rates of change are lower--especially for 2012 and 2013. For the most recent recession, total IP still shows a peak-to-trough decline of about 17 percent, and the dates for the peak and trough are unaltered. However, the lower rates of change for recent years indicate that the recovery in the industrial sector since the trough has been slower than reported earlier. Total IP is now estimated to have returned to its pre-recession peak in May 2014, seven months later than previously estimated The revision is available at http://www.federalreserve.gov/

July 20, 2015

G.17 Annual Revision - Additional Information about New Series
As reported previously, he Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on July 21, 2015, at 10:00 a.m. EDT. The classification system for the industry groups will be advanced to the 2012 version of the North American Industry Classification System (NAICS), and the comparison base year will be advanced to 2012. As part of the reclassification from the 2007 NAICS to the 2012 NAICS, changes will be made to a few of the published IP indexes. Updated details are available on the Federal Reserve's website at http://www.federalreserve.gov/releases/g17/g17_revision_series.htm.

July 15, 2015

G.17 Annual Revision 2015 Time and New Series
The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on July 21, 2015, at 10:00 a.m. EDT. The classification system for the industry groups will be advanced to the 2012 version of the North American Industry Classification System (NAICS), and the comparison base year will be advanced to 2012. As part of the reclassification from 2007 NAICS codes to 2012 NAICS codes, changes will be made to a few of the published series. Details are available on the Current Release page and the Data Download Page.

July 15, 2015

G.17 Data for June 2015 are now available
Industrial production increased 0.3 percent in June but fell at an annual rate of 1.4 percent for the second quarter of 2015. In June, manufacturing output was unchanged: The output of motor vehicles and parts fell 3.7 percent, but production elsewhere in manufacturing rose 0.3 percent. The indexes for mining and utilities advanced 1.0 percent and 1.5 percent, respectively. At 105.7 percent of its 2007 average, total industrial production in June was 1.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in June to 78.4 percent, a rate that is 1.7 percentage points below its long-run (1972-2014) average.

June 15, 2015

G.17 Data for May 2015 are now available

Industrial production and capacity utilization data for May 2015 are now available.

Industrial production decreased 0.2 percent in May after falling 0.5 percent in April. The decline in April was larger than previously reported, but the rates of change for previous months were generally revised higher, leaving the level of the index in April slightly above its initial estimate. Manufacturing output decreased 0.2 percent in May and was little changed, on net, from its level in January. In May, the index for mining moved down 0.3 percent after declining more than 1 percent per month, on average, in the previous four months. The slower rate of decrease for mining output last month was due in part to a reduced pace of decline in the index for oil and gas well drilling and servicing. The output of utilities increased 0.2 percent in May. At 105.1 percent of its 2007 average, total industrial production in May was 1.4 percent above its year-earlier level. Capacity utilization for the industrial sector decreased 0.2 percentage point in May to 78.1 percent, a rate that is 2.0 percentage points below its long-run (1972-2014) average.


June 02, 2015

Seasonal Factors for auto and truck production have been reestimated
Seasonal factors for auto and truck production have been revised. These factors are based on production data through April 2015 and were revised back to January 1996. The seasonal factors explicitly incorporate the holiday schedule for the vehicle assembly lines. The AFL-CIO's current collective bargaining agreements with domestic manufacturers, however, expire at the end of the third quarter of 2015. Factors for the fourth quarter of 2015 and for 2016 were estimated based on the holiday schedule in place over the past three years. Once the new agreements are finalized, the seasonal factors will be updated to reflect the agreed-upon holiday schedule over the terms of the contracts.

May 15, 2015

G.17 Data for April 2015 are now available

Industrial production and capacity utilization data for April 2015 are now available.

Industrial production decreased 0.3 percent in April for its fifth consecutive monthly loss. Manufacturing output was unchanged in April after recording an upwardly revised gain of 0.3 percent in March. In April, the index for mining moved down 0.8 percent, its fourth consecutive monthly decrease; a sharp fall in oil and gas well drilling has more than accounted for the overall decline in mining this year. The output of utilities fell 1.3 percent in April. At 105.2 percent of its 2007 average, total industrial production in April was 1.9 percent above its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in April to 78.2 percent, a rate that is 1.9 percentage points below its long-run (1972-2014) average.


May 15, 2015

G.17 Annual Revision 2015 Publication Date

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on July 21, 2015. New annual benchmark data for 2012 and 2013 for manufacturing will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The weights for market-group splits of the indexes will be updated with information from the 2007 benchmark input-output accounts from the Bureau of Economic Analysis. The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present.


April 15, 2015

G.17 Data for March 2015 are now available

Industrial production and capacity utilization data for March 2015 are now available.

Industrial production decreased 0.6 percent in March after increasing 0.1 percent in February. For the first quarter of 2015 as a whole, industrial production declined at an annual rate of 1.0 percent, the first quarterly decrease since the second quarter of 2009. The decline last quarter resulted from a drop in oil and gas well drilling and servicing of more than 60 percent at an annual rate and from a decrease in manufacturing production of 1.2 percent. In March, manufacturing output moved up 0.1 percent for its first monthly gain since November; however, factory output in January is now estimated to have fallen 0.6 percent, about twice the size of the previously reported decline. The index for mining decreased 0.7 percent in March. The output of utilities fell 5.9 percent to largely reverse a similarly sized increase in February, which was related to unseasonably cold temperatures. At 105.2 percent of its 2007 average, total industrial production in March was 2.0 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased 0.6 percentage point in March to 78.4 percent, a rate that is 1.7 percentage points below its long-run (1972-2014) average.


March 16, 2015

G.17 Data for February 2015 are now available

Industrial production and capacity utilization data for February 2015 are now available.

Industrial production increased 0.1 percent in February after decreasing 0.3 percent in January. In February, manufacturing output moved down 0.2 percent, its third consecutive monthly decline. The rates of change for the total index in January and for manufacturing in both December and January are lower than previously reported. The index for mining fell 2.5 percent in February; drops in the indexes for coal mining and for oil and gas well drilling and servicing primarily accounted for the decrease. The output of utilities jumped 7.3 percent, as especially cold temperatures drove up demand for heating. At 105.8 percent of its 2007 average, total industrial production in February was 3.5 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased to 78.9 percent in February, a rate that is 1.2 percentage points below its long-run (1972-2014) average.


February 18, 2015

G.17 Data for January 2015 are now available

Industrial production and capacity utilization data for January 2015 are now available.

Industrial production increased 0.2 percent in January after decreasing 0.3 percent in December. The rates of change in output for September through December are all slightly lower than previously published; even so, production is estimated to have advanced at an annual rate of 4.3 percent in the fourth quarter of last year. In January, manufacturing output moved up 0.2 percent and was 5.6 percent above its year-earlier level. The index for mining decreased 1.0 percent, with the decline more than accounted for by a substantial drop in the index for oil and gas well drilling and related support activities. The output of utilities increased 2.3 percent. At 106.2 percent of its 2007 average, total industrial production in January was 4.8 percent above its level of a year earlier. Capacity utilization for the industrial sector was unchanged in January at 79.4 percent, a rate that is 0.7 percentage point below its long-run (1972-2014) average.


January 16, 2015

G.17 Data for December 2014 are now available

Industrial production and capacity utilization data for December 2014 are now available.

Industrial production decreased 0.1 percent in December after rising 1.3 percent in November. The decrease in December reflected a sharp drop in the output of utilities, as warmer-than-usual temperatures reduced demand for heating; excluding utilities, industrial production rose 0.7 percent. Manufacturing posted a gain of 0.3 percent for its fourth consecutive monthly increase. The index for mining increased 2.2 percent after falling in the previous two months. At 106.5 percent of its 2007 average, total industrial production in December was 4.9 percent above its level of a year earlier. For the fourth quarter of 2014 as a whole, industrial production advanced at an annual rate of 5.6 percent, with widespread gains among the major market and industry groups. Capacity utilization for the industrial sector decreased 0.3 percentage point in December to 79.7 percent, a rate that is 0.4 percentage point below its long-run (1972-2013) average.


December 15, 2014

G.17 Data for November 2014 are now available

Industrial production and capacity utilization data for November 2014 are now available.

Industrial production increased 1.3 percent in November after edging up in October; output is now reported to have risen at a faster pace over the period from June through October than previously published. In November, manufacturing output increased 1.1 percent, with widespread gains among industries. The rise in factory output was well above its average monthly pace of 0.3 percent over the previous five months and was its largest gain since February. In November, the output of utilities jumped 5.1 percent, as weather that was colder than usual for the month boosted demand for heating. The index for mining decreased 0.1 percent. At 106.7 percent of its 2007 average, total industrial production in November was 5.2 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.8 percentage point in November to 80.1 percent, a rate equal to its long-run (1972-2013) average.


November 17, 2014

G.17 Data for October 2014 are now available

Industrial production and capacity utilization data for October 2014 are now available.

Industrial production edged down 0.1 percent in October after having advanced 0.8 percent in September. In October, manufacturing output increased 0.2 percent for the second consecutive month. The index for mining declined 0.9 percent and the output of utilities moved down 0.7 percent. At 104.9 percent of its 2007 average, total industrial production in October was 4.0 percent above its level of a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in October to 78.9 percent, a rate that is 1.2 percentage points below its long-run (1972-2013) average.


October 16, 2014

G.17 Data for September 2014 are now available

Industrial production and capacity utilization data for September 2014 are now available.

Industrial production increased 1.0 percent in September and advanced at an annual rate of 3.2 percent in the third quarter of 2014, roughly its average quarterly increase since the end of 2010. In September, manufacturing output moved up 0.5 percent, while the indexes for mining and for utilities climbed 1.8 percent and 3.9 percent, respectively. For the third quarter as a whole, manufacturing production rose at an annual rate of 3.5 percent and mining output increased at an annual rate of 8.7 percent. The output of utilities fell at an annual rate of 8.5 percent for a second consecutive quarterly decline. At 105.1 percent of its 2007 average, total industrial production in September was 4.3 percent above its level of a year earlier. The capacity utilization rate for total industry moved up 0.6 percentage point in September to 79.3 percent, a rate that is 1.0 percentage point above its level of 12 months earlier but 0.8 percentage point below its long-run (1972-2013) average.


September 15, 2014

G.17 Data for August 2014 are now available

Industrial production and capacity utilization data for August 2014 are now available.

The index of industrial production edged down 0.1 percent in August, and the index for manufacturing output decreased 0.4 percent; the declines were the first for each since January. The gains in July for both indexes were revised down. The declines in total industrial production and in manufacturing output in August reflected a decrease of 7.6 percent in the production of motor vehicles and parts, which had jumped more than 9 percent in July. Excluding motor vehicles and parts, factory output rose 0.1 percent in both July and August. The production at mines moved up 0.5 percent in August, and the output of utilities rose 1.0 percent. At 104.1 percent of its 2007 average, total industrial production in August was 4.1 percent above its year-earlier level. Capacity utilization for total industry decreased 0.3 percentage point in August to 78.8 percent, a rate 1.0 percentage point above its level of a year earlier and 1.3 percentage points below its long-run (1972-2013) average.


August 15, 2014

G.17 Data for July 2014 are now available

Industrial production and capacity utilization data for July 2014 are now available.

Industrial production increased 0.4 percent in July for its sixth consecutive monthly gain. Manufacturing output advanced 1.0 percent in July, its largest increase since February. The production of motor vehicles and parts jumped 10.1 percent, while output in the rest of the manufacturing sector rose 0.4 percent. The production at mines moved up 0.3 percent, its ninth consecutive monthly increase. The output of utilities dropped 3.4 percent, as weather that was milder than usual for July reduced demand for air conditioning. At 104.4 percent of its 2007 average, total industrial production in July was 5.0 percent above its year-earlier level. Capacity utilization for total industry edged up 0.1 percentage point to 79.2 percent in July, a rate 1.7 percentage points above its level of a year earlier and 0.9 percentage point below its long-run (1972-2013) average.


August 15, 2014

G.17 Release Dates for 2015 Announced

The 2015 release dates for the G.17 were announced today. The 2015 release dates are as follows: January 16, February 18, March 16, April 15, May 15, June 15, July 15, August 14, September 15, October 16, November 17, and December 16.


August 01, 2014

Seasonal factors for auto and light truck sales have been released

Seasonal factors for auto and truck sales have been released.

The Federal Reserve Board estimates seasonal factors for new light vehicle sales and provides these factors to The Bureau of Economic Analysis (BEA) for use in the National Income and Product Accounts. These factors are estimated once per year using X12-ARIMA and were last estimated in summer 2014, using vehicle sales data through April 2014. The factors will be revised again in summer 2015.


July 16, 2014

G.17 Data for June 2014 are now available

Industrial production and capacity utilization data for June 2014 are now available.

Industrial production increased 0.2 percent in June and advanced at an annual rate of 5.5 percent for the second quarter of 2014. In June, manufacturing output edged up 0.1 percent for its fifth consecutive monthly gain, while the production at mines moved up 0.8 percent and the output of utilities declined 0.3 percent. For the second quarter as a whole, manufacturing production rose at an annual rate of 6.7 percent, while mining output increased at an annual rate of 18.8 percent because of gains in the extraction of oil and gas; by contrast, the output of utilities fell at an annual rate of 21.4 percent following a weather-related increase of 15.6 percent in the first quarter. At 103.9 percent of its 2007 average, total industrial production in June was 4.3 percent above its level of a year earlier. The capacity utilization rate for total industry was unchanged in June at 79.1 percent, a rate that is 1.0 percentage point below its long-run (1972-2013) average.


July 16, 2014

Revised Estimates of Industrial Capacity

The estimates for industrial capacity in 2013 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and trade sources as well as updated estimates of capital spending by industry. Capacity for the industrial sector, measured from the fourth quarter of 2013 to the fourth quarter of 2014, is now expected to increase 3.1 percent, a rate that is 0.1 percentage point faster than previously estimated. Manufacturing capacity is expected to rise 2.2 percent in 2014, a pace 0.4 percentage point less than in previous estimates; the downward revisions to capacity were widespread among manufacturing industries. The increase in mining capacity for 2014 has been revised up 3.4 percentage points to 9.2 percent, entirely as a result of an upward revision to the capacity for oil and gas extraction. The gain in capacity for utilities, at 1.0 percent, is unrevised.


June 16, 2014

G.17 Data for May 2014 are now available

Industrial production and capacity utilization data for May 2014 are now available.

Industrial production rose 0.6 percent in May after having declined 0.3 percent in April. The decrease in April was previously reported to have been 0.6 percent. Manufacturing output increased 0.6 percent in May after having moved down 0.1 percent in the previous month. In May, the output of mines gained 1.3 percent and the production of utilities decreased 0.8 percent. At 103.7 percent of its 2007 average, total industrial production in May was 4.3 percent above its level of a year earlier. The capacity utilization rate for total industry increased 0.2 percentage point in May to 79.1 percent, a rate that is 1.0 percentage point below its long-run (1972-2013) average.


May 15, 2014

G.17 Data for April 2014 are now available

Industrial production and capacity utilization data for April 2014 are now available.

Industrial production decreased 0.6 percent in April 2014 after having risen about 1 percent in both February and March. In April, manufacturing output fell 0.4 percent. The index had increased substantially in February and March following a decrease in January; severe weather had restrained production early in the quarter. The output of utilities dropped 5.3 percent in April, as demand for heating returned toward normal levels. The production at mines increased 1.4 percent following a gain of 2.0 percent in March. At 102.7 percent of its 2007 average, total industrial production in April was 3.5 percent above its level of a year earlier. The capacity utilization rate for total industry decreased 0.7 percentage point in April to 78.6 percent, a rate that is 1.5 percentage points below its long-run (1972-2013) average.


April 16, 2014

G.17 Data for March 2014 are now available

Industrial production and capacity utilization data for March 2014 are now available.

Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. The rise in February was higher than previously reported primarily because of stronger gains for durable goods manufacturing and for mining. For the first quarter as a whole, industrial production moved up at an annual rate of 4.4 percent, just slightly slower than in the fourth quarter of 2013. In March, the output of manufacturing rose 0.5 percent, the output of utilities increased 1.0 percent, and the output of mines gained 1.5 percent. At 103.2 percent of its 2007 average, total industrial production in March was 3.8 percent above its level of a year earlier. Capacity utilization for total industry increased in March to 79.2 percent, a rate that is 0.9 percentage point below its long-run (1972-2013) average but 1.2 percentage points higher than a year prior.


April 03, 2014

Communications Equipment Price Indexes Released
Quarterly price indexes for communications equipment have been re-estimated using product data through the third quarter of 2013. Comma-delimited text files containing quarterly and annual data are available for download.

March 28, 2014

Seasonal Factors for auto and truck production have been reestimated
Seasonal factors for auto and truck production have been revised from January 1996 through August 2013. The seasonal factors from September 2013 through June 2014 were revised on March 7, 2014. The seasonal factors will be revised again in March 2015.

March 28, 2014

G.17 Annual Revision Released

The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.

The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. The annual revision for 2014 was more limited than in recent years because the source data required to extend the annual benchmark indexes of production into 2012 were mostly unavailable. Consequently, the IP indexes published with this revision are very little changed from previous estimates. Measured from fourth quarter to fourth quarter, total IP is now reported to have increased about 3 1/3 percent in each year from 2011 to 2013. Relative to the rates of change for total IP published earlier, the new rates are 1/2 percentage point higher in 2012 and little changed in any other year. Total IP still shows a peak-to-trough decline of about 17 percent for the most recent recession, and it still returned to its pre-recession peak in the fourth quarter of 2013.


March 17, 2014

G.17 Data for February 2014 are now available

Industrial production and capacity utilization data for February 2014 are now available.

Industrial production increased 0.6 percent in February after having declined 0.2 percent in January. In February, manufacturing output rose 0.8 percent and nearly reversed its decline of 0.9 percent in January, which resulted, in part, from extreme weather. The gain in factory production in February was the largest since last August. The output of utilities edged down 0.2 percent following a jump of 3.8 percent in January, and the production at mines moved up 0.3 percent. At 101.6 percent of its 2007 average, total industrial production in February was 2.8 percent above its level of a year earlier. The capacity utilization rate for total industry increased in February to 78.8 percent, a rate that is 1.3 percentage points below its long-run (1972-2013) average.


March 17, 2014

G.17 publication for March 17, 2014
Industrial Production and Capacity Utilization - G.17 intends to publish at, or as close to, regularly scheduled time on March 17, 2014.

March 07, 2014

Seasonal Factors for auto and truck production have been reestimated
Seasonal factors for auto and truck production have been revised back to September 2013 and extended through June 2015. The seasonal factors for the months prior to September 2013 will be revised at the time of the annual revision on March 28, 2014.

March 06, 2014

G.17 Updated Seasonal Factors publishing March 7, 2014
On Friday, March 7, 2014, the Federal Reserve will publish updated seasonal factors for auto and truck production, with revised seasonal factors back to September 2013 and seasonal factors extended through June 2015.

February 14, 2014

G.17 Technical Q&A on the severe winter weather and January IP

A new Technical Q&A has been posted on how the effects of the severe winter weather in January were incorporated into the IP index.


February 14, 2014

Articles for the 2012 and 2013 G.17 annual revisions are now available

Articles have been issued with further detail on the revisions to the index of industrial production (IP) and capacity utilization that were released on March 30, 2012, and March 22, 2013.


February 14, 2014

G.17 Data for January 2014 are now available

Industrial production and capacity utilization data for January 2014 are now available.

Industrial production decreased 0.3 percent in January after having risen 0.3 percent in December. In January, manufacturing output fell 0.8 percent, partly because of the severe weather that curtailed production in some regions of the country. Additionally, manufacturing production is now reported to have been lower in the fourth quarter; the index is now estimated to have advanced at an annual rate of 4.6 percent in the fourth quarter rather than 6.2 percent. The output of utilities rose 4.1 percent in January, as demand for heating was boosted by unseasonably cold temperatures. The production at mines declined 0.9 percent following a gain of 1.8 percent in December. At 101.0 percent of its 2007 average, total industrial production in January was 2.9 percent above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 78.5 percent, a rate that is 1.6 percentage points below its long-run (1972-2013) average.


February 14, 2014

G.17 Annual Revision 2014 Publication Date

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 28, 2014.


February 14, 2014

G.17 publication on February 14, 2014
Industrial Production and Capacity Utilization - G.17 intends to publish at, or as close to, regularly scheduled time on February 14, 2014.

January 17, 2014

G.17 Data for December 2013 are now available

Industrial production and capacity utilization data for December 2013 are now available.

Industrial production rose 0.3 percent in December, its fifth consecutive monthly increase. For the fourth quarter as a whole, industrial production advanced at an annual rate of 6.8 percent, the largest quarterly increase since the second quarter of 2010; gains were widespread across industries. Following increases of 0.6 percent in each of the previous two months, factory output rose 0.4 percent in December and was 2.6 percent above its year-earlier level. The production of mines moved up 0.8 percent; the index has advanced 6.6 percent over the past 12 months. The output of utilities fell 1.4 percent after three consecutive monthly gains. At 101.8 percent of its 2007 average, total industrial production in December was 3.7 percent above its year-earlier level and 0.9 percent above its pre-recession peak in December 2007. Capacity utilization for total industry moved up 0.1 percentage point to 79.2 percent, a rate 1.0 percentage point below its long-run (1972-2012) average.


December 16, 2013

G.17 Data for November 2013 are now available

Industrial production and capacity utilization data for November 2013 are now available.

Industrial production increased 1.1 percent in November after having edged up 0.1 percent in October; output was previously reported to have declined 0.1 percent in October. The gain in November was the largest since November 2012, when production rose 1.3 percent. Manufacturing output increased 0.6 percent in November for its fourth consecutive monthly gain. Production at mines advanced 1.7 percent to more than reverse a decline of 1.5 percent in October. The index for utilities was up 3.9 percent in November, as colder-than-average temperatures boosted demand for heating. At 101.3 percent of its 2007 average, total industrial production was 3.2 percent above its year-earlier level. In November, industrial production surpassed for the first time its pre-recession peak of December 2007 and was 21 percent above its trough of June 2009. Capacity utilization for the industrial sector increased 0.8 percentage point in November to 79.0 percent, a rate 1.2 percentage points below its long-run (1972-2012) average.


December 16, 2013

G.17 Annual Revision

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization in late March 2014.


November 15, 2013

G.17 Data for October 2013 are now available

Industrial production and capacity utilization data for October 2013 are now available.

Industrial production edged down 0.1 percent in October after having increased 0.7 percent in September. Manufacturing production rose 0.3 percent in October for its third consecutive monthly gain. The index for mining fell 1.6 percent after having risen for six consecutive months, and the output of utilities dropped 1.1 percent after having jumped 4.5 percent in September. The level of the index for total industrial production in October was equal to its 2007 average and was 3.2 percent above its year-earlier level. Capacity utilization for the industrial sector declined 0.2 percentage point in October to 78.1 percent, a rate 1.1 percentage points above its level of a year earlier and 2.1 percentage points below its long-run (1972-2012) average.


October 28, 2013

G.17 Data for September 2013 are now available

Industrial production and capacity utilization data for September 2013 are now available.

Industrial production increased 0.6 percent in September following a gain of 0.4 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 2.3 percent. Manufacturing output edged up 0.1 percent in September following a gain of 0.5 percent in August, and increased at an annual rate of 1.2 percent for the third quarter. Production at mines moved up 0.2 percent in September and advanced at an annual rate of 12.9 percent for the third quarter. The output of utilities rose 4.4 percent in September following declines in each of the previous five months. The level of the index for total industrial production in September was equal to its 2007 average and was 3.2 percent above its year-earlier level. Capacity utilization for total industry moved up 0.4 percentage point to 78.3 percent, a rate 1.9 percentage points below its long-run (1972-2012) average.


October 28, 2013

Gross Value of Products Series Rebased to 2009 in October's G.17 Release

With the October 28, 2013 release of the G.17, the comparison base year for the data in Table 9, Gross Value of Final Products and Nonindustrial Supplies, and in Table 10, Gross-Value-Weighted Industrial Production: Stage-of-Process Groups, was advanced to 2009 to conform with the comparison base year of the national income and product accounts issued by the Bureau of Economic Analysis.


October 18, 2013

G.17 statistical release to be issued at 9:15 a.m. EDT on October 28, 2013

The G.17 statistical release on Industrial Production and Capacity Utilization, originally scheduled to be issued on October 17, will be issued at 9:15 a.m. EDT on Monday, October 28, 2013.


October 10, 2013

Communications Equipment Price Indexes Released
Quarterly price indexes for communications equipment have been re-estimated using product data through the second quarter of 2013. Comma-delimited text files containing quarterly and annual data are available for download.

October 09, 2013

G.17 October 17th release delayed

The industrial production indexes that are published in the G.17 Statistical Release on Industrial Production and Capacity Utilization incorporate a range of data from other government agencies, the publication of which has been delayed as a result of the federal government shutdown. Consequently, the G.17 release will not be published as scheduled on October 17, 2013. After the reopening of the federal government, the Federal Reserve will announce a publication date for the G.17 release.


September 16, 2013

G.17 Data for August 2013 are now available

Industrial production and capacity utilization data for August 2013 are now available.

Industrial production advanced 0.4 percent in August after having been unchanged in July; the gains in August were broadly based. Following a decrease in July of 0.4 percent, which was steeper than previously reported, manufacturing production rose 0.7 percent in August. The output of mines moved up 0.3 percent, its fifth consecutive monthly increase, and the production of utilities fell 1.5 percent, its fifth consecutive monthly decrease. At 99.4 percent of its 2007 average, total industrial production in August was 2.7 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.2 percentage point in August to 77.8 percent, a rate 0.6 percentage point above its level of a year earlier and 2.4 percentage points below its long-run (1972-2012) average.


August 15, 2013

Rebasing of Gross Value of Products Series Coming in October Release

With the October 17, 2013, release of the G.17, the comparison base year for the data in Table 9, Gross Value of Final Products and Nonindustrial Supplies, and in Table 10, Gross-Value-Weighted Industrial Production: Stage-of-Process Groups, will be advanced to 2009 to conform with the comparison base year of the national income and product accounts issued by the Bureau of Economic Analysis.


August 15, 2013

G.17 Data for July 2013 are now available

Industrial production and capacity utilization data for July 2013 are now available.

Industrial production was unchanged in July after having gained 0.2 percent in June. In July, manufacturing production declined 0.1 percent. The output of mines advanced 2.1 percent, its fourth consecutive monthly increase, and the production of utilities fell 2.1 percent, its fourth consecutive monthly decrease. At 98.9 percent of its 2007 average, total industrial production in July was 1.4 percent above its year-earlier level. Capacity utilization for total industry edged down 0.1 percentage point to 77.6 percent in July, a rate 0.3 percentage point below its level of a year earlier and 2.6 percentage points below its long-run (1972-2012) average.


August 15, 2013

G.17 Release Dates for 2014 Announced

The 2014 release dates for the G.17 were announced today. The 2014 release dates are as follows: January 17, February 14, March 17, April 16, May 15, June 16, July 16, August 15, September 15, October 16, November 17, and December 15.


August 02, 2013

Seasonal factors for auto and light truck sales have been released

Seasonal factors for auto and truck sales have been released.

The Federal Reserve Board estimates seasonal factors for new light vehicle sales and provides these factors to The Bureau of Economic Analysis (BEA) for use in the National Income and Product Accounts. These factors are estimated once per year using X12-ARIMA and were last estimated in summer 2013, using vehicle sales data through April 2013. The seasonal factors for months that had not yet occurred were based on projections from the X12-ARIMA program. The factors will be revised again in summer 2014.


July 16, 2013

G.17 Data for June 2013 are now available

Industrial production and capacity utilization data for June 2013 are now available.

Industrial production increased 0.3 percent in June after having been unchanged in May. For the second quarter as a whole, industrial production moved up at an annual rate of 0.6 percent. In June, manufacturing production rose 0.3 percent following an increase of 0.2 percent in May. The output at mines advanced 0.8 percent in June, while the output of utilities decreased 0.1 percent. At 99.1 percent of its 2007 average, total industrial production was 2.0 percent above its year-earlier level. The rate of capacity utilization for total industry edged up 0.1 percentage point to 77.8 percent, a rate that was 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972-2012) average.


July 16, 2013

Revised Estimates of Industrial Capacity

The estimates for industrial capacity in 2013 were revised for today's G.17 release. The revisions reflect updated measures of physical capacity from various government and trade sources as well as updated estimates of industry capital spending. Capacity for the industrial sector, measured from the fourth quarter of 2012 to the fourth quarter of 2013, is now expected to increase 1.8 percent, a rate that is 0.1 percentage point slower than previously estimated. Manufacturing capacity is expected to rise 1.6 percent in 2013, a pace 0.2 percentage point less than in previous estimates. Relative to the previous estimates, faster gains in the high-technology and motor vehicles industries have been more than offset by slower gains elsewhere in manufacturing. The increase in mining capacity for 2013 has been revised upward by 0.5 percentage point to 4.4 percent, while the change in capacity for utilities, at 0.9 percent, is 0.2 percentage point faster than previously estimated.


June 26, 2013

Industrial Production Seasonal Adjustment Procedures

A file with detailed information on the procedures used to seasonally adjust the Industrial Production Indexes is now available for download.


June 14, 2013

G.17 Data for May 2013 are now available

Industrial production and capacity utilization data for May 2013 are now available.

Industrial production was unchanged in May after having decreased 0.4 percent in April. In May, manufacturing production rose 0.1 percent after falling in each of the previous two months, and the output at mines increased 0.7 percent. The gains in manufacturing and mining were offset by a decrease of 1.8 percent in the output of utilities. At 98.7 percent of its 2007 average, total industrial production in May was 1.6 percent above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1 percentage point to 77.6 percent, a rate 0.2 percentage point below its level of a year earlier and 2.6 percentage points below its long-run (1972-2012) average.


June 14, 2013

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production have been revised back to December 2012 and extended through March 2014. The seasonal factors will be revised again in early 2014 for the annual revision to the industrial production indexes.


May 15, 2013

G.17 Data for April 2013 are now available

Industrial production and capacity utilization data for April 2013 are now available.

Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February. Manufacturing output moved down 0.4 percent in April after a decline of 0.3 percent in March. The index for utilities decreased 3.7 percent in April, as heating demand fell back to a more typical seasonal level after having been elevated in March because of unusually cold weather. The output of mines increased 0.9 percent in April. At 98.7 percent of its 2007 average, total industrial production was 1.9 percent above its year-earlier level. The rate of capacity utilization for total industry decreased 0.5 percentage point to 77.8 percent, a rate 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972--2012) average.


April 19, 2013

Communications Equipment Price Indexes Released
Annual and quarterly price indexes for communications equipment have been re-estimated using product data through the fourth quarter of 2012. Comma-delimited text files containing quarterly and annual data are available for download.

April 16, 2013

G.17 Data for March 2013 are now available

Industrial production and capacity utilization data for March 2013 are now available.

Industrial production rose 0.4 percent in March after having increased 1.1 percent in February. For the first quarter as a whole, output moved up at an annual rate of 5.0 percent, its largest gain since the first quarter of 2012. Manufacturing output edged down 0.1 percent in March after having risen 0.9 percent in February; the index advanced at an annual rate of 5.3 percent in the first quarter. Production at mines decreased 0.2 percent in March and edged down in the first quarter. In March, the output of utilities jumped 5.3 percent, as unusually cold weather drove up heating demand. At 99.5 percent of its 2007 average, total industrial production in March was 3.5 percent above its year-earlier level. The rate of capacity utilization for total industry moved up in March to 78.5 percent, a rate that is 1.2 percentage points above its level of a year earlier but 1.7 percentage points below its long-run (1972--2012) average.


March 22, 2013

G.17 Annual Revision Released

The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.

The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. Measured from fourth quarter to fourth quarter, total IP is now reported to have increased 0.7 percentage point less in 2011 than was previously published. The revisions to IP for other years were smaller: Compared to the previous estimates, industrial production fell slightly less in 2008 and 2009 and increased slightly less in 2010 and 2012. At 97.7 percent of its 2007 average, the index in the fourth quarter of 2012 now stands 0.4 percent below its previous estimate. With these revisions, IP is still estimated to have advanced about 6 percent in 2010, the first full year following the trough in June 2009 of the most recent recession, but it is now estimated to have risen about 3 percent both in 2011 and in 2012. Since the trough of the recession, total IP has reversed about 90 percent of its peak-to-trough decline.


March 22, 2013

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production were revised in March 2013 for the annual revision to the index of industrial production. The seasonal factors were revised back to January 2000. The seasonal factors will next be revised in mid June 2013, when manufacturers issue their initial assembly plans for the third quarter.


March 15, 2013

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 22, 2013, at 12:00 noon EDT.


March 15, 2013

G.17 Data for February 2013 are now available

Industrial production and capacity utilization data for February 2013 are now available.

Industrial production increased 0.7 percent in February after having been unchanged in January. Manufacturing output rose 0.8 percent in February, and the index revised up for the previous two months. In February, the output of utilities advanced 1.6 percent, as temperatures for the month were near their seasonal norms after two months of unseasonably warm weather. The production at mines declined 0.3 percent, its third consecutive monthly decrease. At 99.5 percent of its 2007 average, total industrial production in February was 2.5 percent above its level of a year earlier. The capacity utilization rate for total industry increased to 79.6 percent, a rate that is 0.6 percentage point below its long-run (1972--2012) average.


March 11, 2013

Microprocessor Price Index Released
An annual price index for microprocessors for the period 2007 through 2011 is now available. The index provides an estimate of year-to-year price changes for microprocessors assuming that the quality of the chip is unchanged. Wholesale prices from publicly available price lists were adjusted for performance using a hedonic regression. This price index will be incorporated into the industrial production index for semiconductors and related components that will be published on March 22, 2013, as a part of the annual revision to the G.17 statistical release on Industrial production and Capacity Utilization. A comma-delimited text file containing annual data (as well as a description of the estimation technique) is available for download. More details are available here.

February 15, 2013

G.17 Data for January 2013 are now available

Industrial production and capacity utilization data for January 2013 are now available.

Industrial production edged down 0.1 percent in January after having risen 0.4 percent in December. In January, manufacturing output decreased 0.4 percent following upwardly revised gains of 1.1 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production is now estimated to have advanced 1.9 percent at an annual rate; previously, the increase was reported to have been 0.2 percent. In January, the output of utilities rose 3.5 percent, as demand for heating was boosted by temperatures that fell closer to their seasonal norms; the production at mines declined 1.0 percent. At 98.6 percent of its 2007 average, total industrial production in January was 2.1 percent above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 79.1 percent, a rate that is 1.1 percentage points below its long-run (1972--2012) average.


February 15, 2013

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 22, 2013.


January 16, 2013

G.17 Data for December 2012 are now available

Industrial production and capacity utilization data for December 2012 are now available.

Industrial production increased 0.3 percent in December after having risen 1.0 percent in November when production rebounded in the industries that had been negatively affected by Hurricane Sandy in late October. For the fourth quarter as a whole, total industrial production moved up at an annual rate of 1.0 percent. Manufacturing output advanced 0.8 percent in December following a gain of 1.3 percent in November; production edged up at an annual rate of 0.2 percent in the fourth quarter. The output at mines rose 0.6 percent in December, and the output of utilities fell 4.8 percent as unseasonably warm weather held down the demand for heating. At 98.1 percent of its 2007 average, total industrial production in December was 2.2 percent above its year-earlier level. Capacity utilization for total industry moved up 0.1 percentage point to 78.8 percent, a rate 1.5 percentage points below its long-run (1972--2011) average.


December 18, 2012

Communications Equipment Price Indexes Released
Quarterly price indexes for communications equipment have been re-estimated using product data through Q3 2012. A comma-delimited text file containing quarterly and annual data (as well as a description of the data) is available for download.

December 14, 2012

G.17 Data for November 2012 are now available

Industrial production and capacity utilization data for November 2012 are now available.

Industrial production increased 1.1 percent in November after having fallen 0.7 percent in October. The gain in November is estimated to have largely resulted from a recovery in production for industries that had been negatively affected by Hurricane Sandy, which hit the Northeast region in late October. In November, manufacturing output increased 1.1 percent after having decreased 1.0 percent in October; in addition to the storm-related rebound, a sizable rise in the production of motor vehicles and parts boosted factory output in November. The output of utilities advanced 1.0 percent, and production at mines rose 0.8 percent. At 97.5 percent of its 2007 average, total industrial production in November was 2.5 percent above its year-earlier level. Capacity utilization for total industry increased 0.7 percentage point to 78.4 percent, a rate 1.9 percentage points below its long-run (1972--2011) average.


November 16, 2012

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production have been reestimated using final production data through September 2012. Factors were revised for May 2012 through December 2012 and have been extended through September 2013. Seasonal factors for months prior to May 2012 will be revised at the time of the annual revision to the index of industrial production, currently scheduled for March 2013.


November 16, 2012

G.17 Data for October 2012 are now available

Industrial production and capacity utilization data for October 2012 are now available.

Industrial production declined 0.4 percent in October after having increased 0.2 percent in September. Hurricane Sandy, which held down production in the Northeast region at the end of October, is estimated to have reduced the rate of change in total output by nearly 1 percentage point. The largest estimated storm-related effects included reductions in the output of utilities, of chemicals, of food, of transportation equipment, and of computers and electronic products. In October, the index for manufacturing decreased 0.9 percent; excluding storm-related effects, factory output was roughly unchanged from September. The output of utilities edged down 0.1 percent in October, and production at mines advanced 1.5 percent. At 96.6 percent of its 2007 average, total industrial production in October was 1.7 percent above its year-earlier level. Capacity utilization for total industry decreased 0.4 percentage point to 77.8 percent, a rate 2.5 percentage points below its long-run (1972--2011) average.


October 16, 2012

G.17 Data for September 2012 are now available

Industrial production and capacity utilization data for September 2012 are now available.

Industrial production rose 0.4 percent in September after having fallen 1.4 percent in August. For the third quarter as a whole, industrial production declined at an annual rate of 0.4 percent. Manufacturing output increased 0.2 percent in September but moved down at an annual rate of 0.9 percent in the third quarter. Production at mines advanced 0.9 percent in September, and the output of utilities moved up 1.5 percent. Roughly 0.3 percentage point of the decline in overall industrial production in August reflected the effect of precautionary idling of production in late August along the Gulf of Mexico in anticipation of Hurricane Isaac, and part of the rise in September is a result of the subsequent resumption of activity at idled facilities. At 97.0 percent of its 2007 average, total industrial production in September was 2.8 percent above its year-earlier level. Capacity utilization for total industry moved up 0.3 percentage point to 78.3 percent, a rate 2.0 percentage points below its long-run (1972-2011) average.


September 27, 2012

Communications Equipment Price Indexes Released
Quarterly price indexes for communications equipment have been re-estimated using product data through Q2 2012. A comma-delimited text file containing quarterly and annual data (as well as a description of the data) is available for download.

September 14, 2012

G.17 Data for August 2012 are now available

Industrial production and capacity utilization data for August 2012 are now available.

Industrial production fell 1.2 percent in August after having risen 0.5 percent in July. Hurricane Isaac restrained output in the Gulf Coast region at the end of August, reducing the rate of change in total industrial production by an estimated 0.3 percentage point. Manufacturing output decreased 0.7 percent in August after having risen 0.4 percent in both June and July. Precautionary shutdowns of oil and gas rigs in the Gulf of Mexico in advance of the hurricane contributed to a drop of 1.8 percent in the output of mines for August. The output of utilities declined 3.6 percent. At 96.8 percent of its 2007 average, total industrial production in August was 2.8 percent above its year-earlier level. Capacity utilization for total industry moved down 1.0 percentage point to 78.2 percent, a rate 2.1 percentage points below its long-run (1972--2011) average.


September 14, 2012

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization the end of March 2013.


August 15, 2012

G.17 Data for July 2012 are now available

Industrial production and capacity utilization data for July 2012 are now available.

Industrial production increased 0.6 percent in July after having risen 0.1 percent in both May and June. Revisions to the rates of change for recent months left the level of the index in June little changed from its previous estimate. Manufacturing output rose 0.5 percent in July, the same rate of increase as was recorded for June. In July, the output of mines increased 1.2 percent, and the output of utilities rose 1.3 percent. At 98.0 percent of its 2007 average, total industrial production in July was 4.4 percent above its year-earlier level. Capacity utilization for total industry moved up 0.4 percentage point to 79.3 percent, a rate 1.0 percentage point below its long-run (1972-2011) average.


August 15, 2012

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production have been reestimated using final production data through June 2012 and manufacturers' assembly plans through September 2012; they also reflect the holiday schedule in place from the new domestic autoworkers' agreement signed in the 3rd quarter of 2011. Factors have been revised back to March 2012 and extended through December 2012. Factors will next be revised in October 2012, after final data for production in the third quarter are available.


August 01, 2012

Seasonal factors for auto and light truck sales have been released

Seasonal factors for auto and truck sales have been released.

The Federal Reserve Board estimates seasonal factors for new light vehicle sales and provides these factors to The Bureau of Economic Analysis (BEA) for use in the National Income and Product Accounts. These factors are estimated once per year using X12-ARIMA and were last estimated in summer 2012, using vehicle sales data through April 2012. The seasonal factors for months that had not yet occurred were based on projections from the X12-ARIMA program. The factors will be revised again in summer 2013. A comma-delimited text file containing these seasonal factors is available for download.


July 17, 2012

G.17 Data for June 2012 are now available

Industrial production and capacity utilization data for June 2012 are now available.

Industrial production increased 0.4 percent in June after having declined 0.2 percent in May. In the manufacturing sector, output advanced 0.7 percent in June and reversed a decrease of 0.7 percent in May. In the second quarter of 2012, manufacturing output rose at an annual rate of 1.4 percent, a marked deceleration from its strong gain of 9.8 percent in the first quarter. The largest contribution to the increase in the second quarter came from motor vehicles and parts, which climbed 18.2 percent; excluding motor vehicles and parts, manufacturing output edged up 0.1 percent. Outside of manufacturing, the output of mines advanced 0.7 percent in June, while the output of utilities decreased 1.9 percent. For the quarter, however, the output of mines fell at an annual rate of 1.2 percent, while the output of utilities rose 14.9 percent. At 97.4 percent of its 2007 average, total industrial production in June was 4.7 percent above its year-earlier level. Capacity utilization for total industry moved up 0.2 percentage point in June to 78.9 percent, a rate 1.4 percentage points below its long-run (1972-2011) average.


June 15, 2012

G.17 Data for May 2012 are now available

Industrial production and capacity utilization data for May 2012 are now available.

Industrial production edged down 0.1 percent in May after having gained 1.0 percent in April. A decrease of 0.4 percent for manufacturing production in May partially reversed a large increase in April. Outside of manufacturing, the output of mines advanced 0.9 percent in May, while the output of utilities rose 0.8 percent. At 97.3 percent of its 2007 average, total industrial production in May was 4.7 percent above its year-earlier level. Capacity utilization for total industry declined 0.2 percentage point to 79.0 percent, a rate 1.3 percentage points below its long-run (1972-2011) average.


May 16, 2012

G.17 Data for April 2012 are now available

Industrial production and capacity utilization data for April 2012 are now available.

Industrial production increased 1.1 percent in April. Output is now reported to have fallen 0.6 percent in March and to have moved up 0.4 percent in February; previously, industrial production was estimated to have been unchanged in both months. Manufacturing output increased 0.6 percent in April after having decreased 0.5 percent in March. Excluding motor vehicles and parts, which increased nearly 4 percent, manufacturing output moved up 0.3 percent, and output for all but a few major industries increased. Production at mines rose 1.6 percent, and the output of utilities gained 4.5 percent after unseasonably warm weather in the first quarter held down demand for heating. At 97.4 percent of its 2007 average, total industrial production for April was 5.2 percent above its year-earlier level. The rate of capacity utilization for total industry moved up to 79.2 percent, a rate 3.1 percentage points above its level from a year earlier but 1.1 percentage points below its long-run (1972-2011) average.


May 11, 2012

Updated Source and Description Tables Available

We have updated the list of industrial production, capacity, capacity utilization, and gross value series that are available to the public.

The tables on the "About" page of the Federal Reserve's website for Industrial Production and Capacity Utilization that show the detailed source and structure information have been revised to indicate unpublished series that are available to the public upon request. These series are not published in the G.17 release or as part of the data download program because they do not meet our publication standards. The tables also indicate which detailed series will remain unavailable for contractual reasons with data vendors. Aggregate IP series, capacity and capacity utilization series, and gross-value-weighted series not listed in these tables are also available upon request.


April 17, 2012

G.17 Data for March 2012 are now available

Industrial production and capacity utilization data for March 2012 are now available.

Industrial production was unchanged in March for a second month but rose at an annual rate of 5.4 percent in the first quarter of 2012. Manufacturing output declined 0.2 percent in March but jumped 10.4 percent at an annual rate in the first quarter. The gain in manufacturing output in the first quarter was broadly based: Even excluding motor vehicles and parts, which jumped at an annual rate of nearly 40 percent, manufacturing output moved up at an annual rate of 8.3 percent and output for all but a few major industries increased 5 percent or more. In March, production at mines rose 0.2 percent and the output of utilities gained 1.5 percent. For the quarter, however, the output of utilities dropped at an annual rate of 13.8 percent, largely as a result of unseasonably warm temperatures over the past several months, while the output of mining fell 5.4 percent. At 96.6 percent of its 2007 average, total industrial production for March was 3.8 percent above its year-earlier level. The rate of capacity utilization for total industry edged down to 78.6 percent, a rate 2.1 percentage points above its level from a year earlier but 1.7 percentage points below its long-run (1972--2011) average.


March 30, 2012

G.17 Annual Revision

The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.

The Federal Reserve has revised its index of industrial production (IP) and the related measures of capacity and capacity utilization. Measured from fourth quarter to fourth quarter, total IP is now reported to have dropped 0.3 percentage point more in 2009; its gains in both 2010 and 2011 were essentially unchanged from what was previously reported. With these minor revisions, the broad contour of total IP in recent years is similar to previous estimates. Since the trough of the last recession in June 2009, total IP has reversed about three-fourths of its peak-to-trough decline.

Capacity utilization rates for recent years were revised down. The revisions show that the rate of capacity utilization for total industry was 0.7 percentage point lower than previously estimated in the fourth quarter of 2010 and 0.4 percentage point lower in 2011, primarily as a result of small upward revisions to estimates of industrial capacity. The capacity utilization rate for the fourth quarter of 2008 was revised down 0.3 percentage point, and the rate in the final quarter of 2009 was revised down about 0.8 percentage point.


March 30, 2012

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production have been reestimated using final production data through February 2012 and manufacturers' assembly plans through June 2012; they also reflect the holiday schedule in place from the new domestic autoworkers' agreement signed in the 3rd quarter of 2011. Factors have been revised back to June 2007 and extended through December 2012.


March 16, 2012

G.17 Data for February 2012 are now available

Industrial production and capacity utilization data for February 2012 are now available.

Industrial production was unchanged in February after having risen 0.4 percent in January. Previously, industrial production was reported to have been unchanged in January. Manufacturing output moved up 0.3 percent in February. Within manufacturing, the index for motor vehicles and parts fell 1.1 percent after jumping 8.6 percent in January, but the index for manufacturing excluding motor vehicles and parts increased 0.4 percent in February. Production at mines fell 1.2 percent, while the output of utilities was unchanged. At 96.2 percent of its 2007 average, total industrial production for February was 4.0 percent above its year-earlier level. Capacity utilization for total industry edged down to 78.7 percent, a rate 1.2 percentage points above its level from a year earlier but 1.6 percentage points below its long-run (1972-2011) average.


March 16, 2012

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization at noon EDT on March 30, 2012.


February 15, 2012

G.17 Data for January 2012 are now available

Industrial production and capacity utilization data for January 2012 are now available.

Industrial production was unchanged in January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities. Within manufacturing, the index for motor vehicles and parts jumped 6.8 percent and the index for other manufacturing industries increased 0.3 percent. The output of utilities fell 2.5 percent, as demand for heating was held down by temperatures that moved further above seasonal norms; the output of mines declined 1.8 percent. Total industrial production is now reported to have advanced 1.0 percent in December; the initial estimate had been an increase of 0.4 percent. This large upward revision reflected higher output for many manufacturing and mining industries. At 95.9 percent of its 2007 average, total industrial production in January was 3.4 percent above its level of a year earlier. The capacity utilization rate for total industry decreased to 78.5 percent, a rate 1.8 percentage points below its long-run (1972--2011) average.


January 18, 2012

G.17 Data for December 2011 are now available

Industrial production and capacity utilization data for December 2011 are now available.

Industrial production increased 0.4 percent in December after having fallen 0.3 percent in November. For the fourth quarter as a whole, industrial production rose at an annual rate of 3.1 percent, its 10th consecutive quarterly gain. In the manufacturing sector, output advanced 0.9 percent in December with similarly sized gains for both durables and nondurables. The output of utilities fell 2.7 percent, as unseasonably warm weather reduced the demand for heating; the output of mines moved up 0.3 percent. At 95.3 percent of its 2007 average, total industrial production in December was 2.9 percent above its level of a year earlier. The capacity utilization rate for total industry rose to 78.1 percent, a rate 2.3 percentage points below its long-run (1972--2010) average.


January 18, 2012

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity utilization on March 30, 2012.


December 15, 2011

G.17 Data for November 2011 are now available

Industrial production and capacity utilization data for November 2011 are now available.

Industrial production decreased 0.2 percent in November after having advanced 0.7 percent in October. Factory output moved down 0.4 percent in November; excluding a drop of 3.4 percent in the output of motor vehicles and parts, manufacturing production declined 0.2 percent. Mining production edged up 0.1 percent, while the output of utilities rose 0.2 percent. At 94.8 percent of its 2007 average, total industrial production for November was 3.7 percent above its year-earlier level. Capacity utilization for total industry decreased to 77.8 percent, a rate 2.0 percentage points above its level from a year earlier but 2.6 percentage points below its long-run (1972--2010) average.


December 12, 2011

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production have been reestimated using final production data through October 2011 and manufacturers' assembly plans through March 2012; they also reflect the holiday schedule in place from the new domestic autoworkers' agreement signed in the 3rd quarter of 2011. Factors have been revised back to June 2011 and extended through September 2012.


November 16, 2011

G.17 Annual Revision

November 16, 2011

G.17 Data for October 2011 are now available

Industrial production and capacity utilization data for October 2011 are now available.

Industrial production expanded 0.7 percent in October after having declined 0.1 percent in September. Previously, industrial production was reported to have gained 0.2 percent in September; most of this revision resulted from lower estimated output for mining. Factory output increased 0.5 percent in October after having risen 0.3 percent in September. Production at mines climbed 2.3 percent in October, while the output of utilities edged down 0.1 percent. At 94.7 percent of its 2007 average, total industrial production for October was 3.9 percent above its year-earlier level. Capacity utilization for total industry stepped up to 77.8 percent, a rate 2.1 percentage points above its level from a year earlier but 2.6 percentage points below its long-run (1972-2010) average.


November 08, 2011

New graphics options are now available from the Data Download Program (DDP)
Users can now view plotted data as column charts, and add U.S. recession shading, while using the "View chart" function of the Data Download Program (DDP).


October 17, 2011

G.17 Data for September 2011 are now available

Industrial production and capacity utilization data for September 2011 are now available.

Industrial production increased 0.2 percent in September after having been unchanged in August. Previously, industrial production was reported to have stepped up 0.2 percent in August. For the third quarter as a whole, industrial production rose at an annual rate of 5.1 percent. Manufacturing output moved up 0.4 percent in September after having gained 0.3 percent in August. Production at mines advanced 0.8 percent in September, while the output of utilities decreased 1.8 percent. At 94.2 percent of its 2007 average, total industrial production for September was 3.2 percent above its year-earlier level. Capacity utilization for total industry edged up to 77.4 percent, a rate 1.7 percentage points above its level from a year earlier but 3.0 percentage points below its long-run (1972-2010) average.


September 15, 2011

G.17 Data for August 2011 are now available

Industrial production and capacity utilization data for August 2011 are now available.

Industrial production increased 0.2 percent in August after having advanced 0.9 percent in July. Manufacturing rose 0.5 percent in August, after a similarly sized gain in July, and the rates of change were revised down slightly in April, May, and June. In August, the output of mines moved up 1.2 percent. The output of utilities decreased 3.0 percent, as temperatures moderated somewhat from the previous month. At 94.0 percent of its 2007 average, total industrial production for August was 3.4 percent above its year-earlier level. Capacity utilization for total industry edged up to 77.4 percent, a rate 1.9 percentage points above its level from a year earlier but 3.0 percentage points below its long-run (1972-2010) average.


August 16, 2011

G.17 Publication Dates for 2012
The publication dates for 2012 are now available.

August 16, 2011

G.17 Data for July 2011 are now available

Industrial production and capacity utilization data for July 2011 are now available.

Industrial production advanced 0.9 percent in July. Although the index was revised down in April, primarily as a result of a downward revision to the output of utilities, stronger manufacturing output led to upward revisions to production in both May and June. Manufacturing output rose 0.6 percent in July, as the index for motor vehicles and parts jumped 5.2 percent and production elsewhere moved up 0.3 percent. The output of mines advanced 1.1 percent, and the output of utilities increased 2.8 percent, as the extreme heat during the month boosted air conditioning usage. At 94.2 percent of its 2007 average, total industrial production for July was 3.7 percentage points above its year-earlier level. The capacity utilization rate for total industry climbed to 77.5 percent, a rate 2.2 percentage points above the rate from a year earlier but 2.9 percentage points below its long-run (1972--2010) average.


July 15, 2011

G.17 Data for June 2011 are now available

Industrial production and capacity utilization data for June 2011 are now available.

Industrial production increased 0.2 percent in June after having edged down 0.1 percent in May. For the second quarter as a whole, total industrial production increased at an annual rate of 0.8 percent. Manufacturing output was unchanged in June. In the second quarter, supply chain disruptions following the earthquake in Japan curtailed the production of motor vehicles and parts and restrained output in related industries; the production index for overall manufacturing was little changed for the quarter. The output of mines rose 0.5 percent in June, while the output of utilities climbed 0.9 percent. At 93.1 percent of its 2007 average, total industrial production in June was 3.4 percent above its year-earlier level. The capacity utilization rate for total industry remained unchanged at 76.7 percent in June, a rate 2.2 percentage points above the rate from a year earlier but 3.7 percentage points below its average from 1972 to 2010.


June 15, 2011

Seasonal Factors for auto and truck production have been reestimated

Seasonal factors for auto and truck production have been reestimated using final production data through April 2011 and manufacturers' assembly plans through September 2011. Factors have been revised back to December 2010 and extended through December 2011.


June 15, 2011

G.17 Data for May 2011 are now available

Industrial production and capacity utilization data for May 2011 are now available.

Industrial production edged up 0.1 percent in May, the second consecutive month with little or no gain. Revisions to total industrial production in months before May were small. In May, manufacturing production rose 0.4 percent after having fallen 0.5 percent in April. The output of motor vehicles and parts has been held down in the past two months because of supply chain disruptions following the earthquake in Japan. Excluding motor vehicles and parts, manufacturing output advanced 0.6 percent in May and edged down 0.1 percent in April; the decrease in April in part reflected production lost because of tornadoes in the South at the end of the month. Outside of manufacturing, the output of mines increased 0.5 percent in May, while the output of utilities fell 2.8 percent. At 93.0 percent of its 2007 average, total industrial production in May was 3.4 percent above its year-earlier level. Capacity utilization for total industry was flat at 76.7 percent, a rate 3.7 percentage points below its average from 1972 to 2010.


May 17, 2011

G.17 Data for April 2011 are now available

Industrial production and capacity utilization data for April 2011 are now available.

Industrial production was unchanged in April after having increased 0.7 percent in March. Output in February is now estimated to have declined 0.3 percent; previously it was reported to have edged up 0.1 percent. In April, manufacturing production fell 0.4 percent after rising for nine consecutive months. Total motor vehicle assemblies dropped from an annual rate of 9.0 million units in March to 7.9 million units in April, mainly because of parts shortages that resulted from the earthquake in Japan. Excluding motor vehicles and parts, factory production rose 0.2 percent in April. The output of mines advanced 0.8 percent, while the output of utilities increased 1.7 percent. At 93.1 percent of its 2007 average, total industrial production was 5.0 percent above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1 percentage point to 76.9 percent, a rate 3.5 percentage points below its average from 1972 to 2010.


April 15, 2011

G.17 Data for March 2011 are now available

Industrial production and capacity utilization data for March 2011 are now available.

Industrial production increased 0.8 percent in March and rose at an annual rate of 6.0 percent for the first quarter as a whole. Manufacturing output advanced 0.7 percent in March, its fourth consecutive month of strong expansion; factory production climbed at an annual rate of 9.1 percent in the first quarter. Outside of manufacturing, the output of mines rose 0.6 percent in March, while the output of utilities increased 1.7 percent after declining significantly in the preceding two months. At 93.6 percent of its 2007 average, total industrial production was 5.9 percent above its year-earlier level. The rate of capacity utilization for total industry rose 0.5 percentage point to 77.4 percent, a rate 3.0 percentage points below its average from 1972 to 2010.


March 25, 2011

G.17 Annual Revision

The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.


March 17, 2011

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 25, 2011, at 12:00 noon EDT..


March 17, 2011

G.17 Data for February 2011 are now available

Industrial production and capacity utilization data for February 2011 are now available.

Industrial production declined 0.1 percent in February after having risen 0.3 percent in January; output in January was previously estimated to have edged down 0.1 percent. Manufacturing output increased 0.4 percent in February, and the gain in January was revised up to 0.9 percent. Outside of manufacturing, the output of mines rose 0.8 percent in February, which more than reversed its decline in January. However, the output of utilities fell 4.5 percent--the drop reflected unseasonably warm weather in February, which reduced the demand for heating after two months of unseasonably cold temperatures. At 95.5 percent of its 2007 average, total industrial production was 5.6 percent above its year-earlier level. The capacity utilization rate for total industry edged down 0.1 percentage point to 76.3 percent, a rate 4.2 percentage points below its average from 1972 to 2010.


February 16, 2011

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 25, 2011.


February 16, 2011

G.17 Data for January 2011 are now available

Industrial production and capacity utilization data for January 2011 are now available.

Industrial production decreased 0.1 percent in January 2011 after having risen 1.2 percent in December. In the manufacturing sector, output increased 0.3 percent in January after an upwardly revised gain of 0.9 percent in December. Excluding motor vehicles and parts, factory production rose 0.1 percent in January. The output of utilities fell 1.6 percent in January, as temperatures moved closer to normal after unseasonably cold weather boosted the demand for heating in December; the output of utilities advanced 4.1 percent in that month. In January, the output of mines declined 0.7 percent. At 95.1 percent of its 2007 average, total industrial production in January was 5.2 percent above its level of a year earlier. The capacity utilization rate for total industry edged down to 76.1 percent, a rate 4.4 percentage points below its average from 1972 to 2010.


January 14, 2011

G.17 Data for December 2010 are now available

Industrial production and capacity utilization data for December 2010 are now available.

Industrial production increased 0.8 percent in December after having risen 0.3 percent in November. The rate of change for industrial production was revised down in November but revised up in September and October; the net effect of the revisions from July to November left the level of industrial production in November slightly higher than was previously reported. For the fourth quarter as a whole, industrial production increased at an annual rate of 2.4 percent, a slower pace than in the earlier quarters of the year. In the manufacturing sector, output moved up 0.4 percent in December with gains in both durables and nondurables. Excluding motor vehicles and parts, factory output increased 0.5 percent. The output of mines advanced 0.4 percent; the output of utilities surged 4.3 percent, as unusually cold weather boosted the demand for heating. At 94.9 percent of its 2007 average, total industrial production in December was 5.9 percent above its level of a year earlier. The capacity utilization rate for total industry rose to 76.0 percent, a rate 4.6 percentage points below its average from 1972 to 2009.


December 15, 2010

G.17 Data for November 2010 are now available

Industrial production and capacity utilization data for November 2010 are now available.

Industrial production increased 0.4 percent in November after a decline of 0.2 percent in October. The rate of change for industrial production was revised down in October but up in September; the net effect of the revisions from June to October left the level of industrial production in October about the same as was previously reported. In the manufacturing sector, output advanced 0.3 percent in November with gains in both durables and nondurables. The gains among durable goods industries were particularly broad-based; only the production of motor vehicles and parts decreased substantially. Excluding motor vehicles and parts, overall factory output advanced 0.7 percent. The output of mines edged lower, but the output of utilities moved up 1.9 percent as the return of more seasonal temperatures boosted the demand for heating. At 93.9 percent of its 2007 average, total industrial production in November was 5.4 percent above its level a year earlier. The capacity utilization rate for total industry rose to 75.2 percent, a rate 5.4 percentage points below its average from 1972 to 2009.


December 02, 2010

New interactive graphics feature of Data Download Program (DDP)
Users will now be able to create and view interactive graphics of data packages from the program before downloading the underlying data and charts. The charting feature allows users to view multiple data series on a single chart as well as to display individual data points. The charts can be saved as PDFs or in a standard image file format (PNG) for publication and redistribution.

"Graphics play an important role in identifying data trends and relationships," said Federal Reserve Vice Chair Janet L. Yellen. "With the help of this intuitive new user interface, it's now possible to create customized charts directly from Federal Reserve statistical data."


November 16, 2010

G.17 Data for October 2010 are now available

Industrial production and capacity utilization data for October 2010 are now available.

Industrial production was unchanged in October after having fallen 0.2 percent in September. For the manufacturing sector, output gained 0.5 percent in October after having risen 0.1 percent in September. Factory production in September was initially reported to have decreased 0.2 percent, but incoming data on steel, fabricated metal products, machinery, and chemicals helped boost the index. The output of utilities dropped 3.4 percent in October, as unseasonably warm temperatures reduced demand for heating. Production at mines fell 0.1 percent. At 93.4 percent of its 2007 average, total industrial production in October was 5.3 percent above its year-earlier level. The capacity utilization rate for total industry was flat at 74.8 percent, a rate 6.6 percentage points above the low in June 2009 and 5.8 percentage points below its average from 1972 to 2009.


November 16, 2010

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on in late March 2011.


October 18, 2010

G.17 Data for September 2010 are now available

Industrial production and capacity utilization data for September 2010 are now available.

Industrial production decreased 0.2 percent in September after having increased 0.2 percent in August. The indexes both for manufacturing and for manufacturing excluding motor vehicles and parts also moved down 0.2 percent in September. Production at mines moved up 0.7 percent, while the output of utilities fell 1.9 percent. For the third quarter as a whole, total industrial production rose at an annual rate of 4.8 percent after having advanced about 7 percent in both the first and second quarters of this year. The index for manufacturing decelerated sharply in the third quarter: After having jumped at an annual rate of 9.1 percent in the second quarter, factory output gained 3.6 percent in the third quarter. At 93.2 percent of its 2007 average, total industrial production in September was 5.4 percent above its year-earlier level. The capacity utilization rate for total industry edged down to 74.7 percent, a rate 4.2 percentage points above the rate from a year earlier but 5.9 percentage points below its average from 1972 to 2009.


August 17, 2010

G.17 Publication Dates for 2011
The publication dates for 2011 are now available.

June 25, 2010

G.17 Annual Revision

The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. Data for the new series are available on the Board's public website and the Data Download Program.


June 21, 2010

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on June 25, 2010, at 12:00 p.m.


February 17, 2010

Preliminary Estimates of Industrial Capacity for 2010
The data in this release include preliminary estimates of industrial capacity for 2010. Measured fourth quarter to fourth quarter, total industrial capacity is projected to decrease 0.8 percent this year after having declined 0.9 percent in 2009. Manufacturing capacity is estimated to decline 1.0 percent in 2010 following a decrease of 1.2 percent last year. Mining capacity is estimated to move up 0.3 percent in 2010 after having declined 0.7 percent in 2009, and utilities capacity is projected to expand 2.1 percent this year, which is 0.3 percentage point faster than it had last year. These estimates will be updated with the publication in late June 2010 of the annual revision to industrial production, capacity, and capacity utilization.

February 17, 2010

G.17 Annual Revision

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity utilization in late June 2010.


December 02, 2009

G.17 Annual Revision

The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization in the second quarter of 2010. The date for the issuance of the revision has been deferred because of a prospective delay in the availability of the 2008 Annual Survey of Manufactures from the U.S. Census Bureau.


October 16, 2009

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on in late March 2010.


September 16, 2009

G.17 Publication Dates for 2010
The publication dates for 2010 are now available.

March 27, 2009

G.17 Annual Revision

The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. With this revision, the series code for Carpet and Rug Mills (NAICS 31411) was changed to G31411. Prior to the revision, the series code was N31411. Data for the new series are available on the Board's public website and the Data Download Program


March 16, 2009

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 27, 2009, at 2:00 p.m.


February 18, 2009

Preliminary Estimates of Industrial Capacity for 2009
The data in this release include preliminary estimates of industrial capacity for 2009. Measured fourth quarter to fourth quarter, total industrial capacity is projected to decrease 0.3 percent this year after having expanded 1.5 percent in 2008. Manufacturing capacity is estimated to decline 0.6 percent in 2009 after having risen 1.7 percent last year. In 2009, mining capacity is estimated to expand 0.8 percent, about the same as in 2008, and utilities capacity is projected to rise 1.7 percent, which is 0.5 percentage point slower than it had last year. With the publication on March 27, 2009, of the annual revision to industrial production, capacity, and capacity utilization, these estimates will be updated to reflect more-comprehensive source data, including the U.S. Census Bureau's Survey of Plant Capacity for the fourth quarter of 2008, which covers manufacturing.

January 16, 2009

G.17 Annual Revision

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 27, 2009.


September 15, 2008

Capacity Utilization Rates for October 2007 - February 2008 Updated

Capacity utilization rates for October 2007 through February 2008 have been updated with the G.17 Statistical Release published on September 15, 2008. In April 2008, a six-month reporting window was instituted for the industrial production indexes in the G.17 Statistical Release; however, the capacity utilization rates inadvertently continued to be calculated for only a four-month window. Table 7A shows the revised rates for the affected months. The download program and the historical data files on the Federal Reserve Board's website have been updated with revised data.


September 15, 2008

G.17 Annual Revision
The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization around the end of March 2009.

September 15, 2008

G.17 Publication Dates for 2009
The publication dates for 2009 are now available.

August 11, 2008

Bulletin article discusses the 2008 IP/CU Annual Revision
August 11, 2008: A Federal Reserve Bulletin article, Industrial Production and Capacity Utilization: The 2008 Annual Revision (858 KB PDF) is now available online. The article reviews the 2008 annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. It discusses both the changes in estimation methods introduced in the revision and the revised estimates of IP, capacity, and capacity utilization.

April 01, 2008

G.17 Change in Reporting Window
April 1, 2008: Beginning with the release of March 2008 data in the Federal Reserve's monthly G.17 Statistical Release, monthly releases will be based on a six-month reporting window: One month of new data will be reported, and the previous five months of data will be revised. For example, the monthly release to be issued on April 16, 2008 will include new data for March and revised data for October 2007 through February 2008. Previously, the monthly releases were issued with a four-month reporting window, which covered one month of new data and revisions to the previous three months of data.

April 01, 2008

G.17 Annual Revision
March 28, 2008: The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization.

February 15, 2008

Preliminary estimates of industrial capacity for 2008

February 15, 2008: The data in this release include preliminary estimates of industrial capacity for 2008. Measured fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.9 percent this year after having expanded 1.8 percent in 2007. Manufacturing capacity is estimated to increase 2.1 percent in 2008, the same amount as in 2007. In 2008, mining capacity is estimated to expand 0.7 percent, and utilities capacity is projected to rise 1.9 percent; both rates of increase would be slightly faster than for last year. With the publication on March 28, 2008, of the annual revision to industrial production, capacity, and capacity utilization, these estimates will be updated to reflect more-comprehensive source data, including the 2006 Survey of Plant Capacity, physical capacity data from government and trade sources, and the revised production indexes.


February 15, 2008

G.17 Annual Revision
February 15, 2008: The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on March 28, 2008.

August 15, 2007

G.17 Annual Revision
August 15, 2007: The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization around the end of March 2008.

June 15, 2007

Semiannual update to the capacity estimates
June 15, 2007: This release includes the semiannual update to the capacity estimates for 2007. The estimated rate of increase in total industrial capacity from the fourth quarter of 2006 to the fourth quarter of 2007 is 1.8 percent, a downward revision of 0.3 percentage point from the initial estimate in mid-February; the rate of change for manufacturing capacity was revised down by a similar amount.

June 04, 2007

Bulletin article discusses the 2006 IP/CU Annual Revision
June 4, 2007: A Federal Reserve Bulletin article, Industrial Production and Capacity Utilization: The 2006 Annual Revision (144 KB PDF) is now available online. The article reviews the 2006 annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. It discusses both the changes in estimation methods introduced in the revision and the revised estimates of IP, capacity, and capacity utilization.

February 15, 2007

Preliminary estimates of industrial capacity for 2007
February 15, 2007: The data in this release include preliminary estimates of industrial capacity for 2007. Total industrial capacity is projected to rise 2.1 percent in 2007 after having expanded 2.4 percent in 2006. Manufacturing capacity, which is estimated to increase 2.4 percent this year, also decelerates relative to 2006.

December 18, 2006

RSS feeds now available from the Federal Reserve Board
The Federal Reserve Board's Data Download Program (DDP) now provides RSS feeds for users. Subscribers are notified about any updates or changes to the available data.The announcements will also be available on the DDP website. To subscribe to a feed, please visit the main RSS feeds page.

December 13, 2006

2006 Annual IP Revision
December 11, 2006: the Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization.

December 04, 2006

Seasonal factors for auto and truck production
December 4, 2006: Seasonal factors for auto and truck production have been reestimated using final production data through the third quarter of 2006. Factors have been revised back to January 2003 and extended through June 2007. The factors will be updated again and extended through December 2007 after third-quarter production schedules are published at the end of June. A comma-delimited text file containing these seasonal factors is available for download.

November 28, 2006

2006 Annual IP Revision
November 28, 2006: The Federal Reserve Board plans to issue its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on December 11, 2006 at 2:00 p.m. (EST).

November 16, 2006

2006 Annual IP Revision is tentatively 12/11/2006
November 16, 2006: The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization late this year the publication date is tentatively December 11 but is conditional on the date of issuance of the 2005 Annual Survey of Manufactures. An announcement will be posted when the final date for the G.17 revision is determined.

October 17, 2006

G.17 Publication Dates for 2007
October 17, 2006: The publication dates for 2007 are now available.

July 17, 2006

2006 Annual IP Revision
July 17, 2006: The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization this fall; the publication date is yet to be determined.

June 15, 2006

Updated estimates of industrial capacity in 2006
June 15, 2006: This release includes updated estimates for 2006 from our semiannual review of industrial capacity. The estimated rates of change between the fourth quarter of 2005 and the fourth quarter of 2006 for total industrial capacity and for manufacturing capacity are the same as in the previous estimates: 2.0 percent and 2.5 percent respectively.

June 05, 2006

Seasonal factors for auto and truck production
June 5, 2006: Seasonal factors for auto and truck production have been reestimated using final production data through April and manufacturers' assembly plans through September. Factors have been revised back to February 2006 and extended through December 2006. A comma-delimited text file containing these seasonal factors is available for download.

May 17, 2006

Beverages (NAICS 2121), NSA, reissued
May 17, 2006: The not seasonally adjusted indexes for Beverages (NAICS 3121) and all industry and market group aggregates have been reissued to correct an error in the indexes for January through April 2006. The seasonally adjusted indexes were correct as issued on May 16, 2006, and were not reissued. The not seasonally adjusted indexes are reported in the supplement to the G.17, which is also being reissued. The principal G.17 release was correct as originally issued. The revised data are available from the historical data webpage for the G.17.

April 14, 2006

Change in number of decimals displayed
April 14, 2006: The number of decimals displayed in the historical and current data files increased from 3 to 4 decimal places. These files are available from the historical data webpage for the G.17.

March 21, 2006

Change in number of decimals displayed
March 21, 2006: Beginning with the April 14, 2006 publication, the number of decimals displayed in the historical and current data files will increase from 3 to 4 decimal places. These files are available from the historical data webpage for the G.17.

March 17, 2006

2005 Annual IP Revision article
March 17, 2006: A Federal Reserve Bulletin article, Industrial Production and Capacity Utilization: The 2005 Annual Revision (161 KB PDF), is now available online. The article reviews the 2005 annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization. It discusses both the changes in estimation methods introduced in the revision and the revised estimates of IP, capacity, and capacity utilization.

February 15, 2006

Preliminary estimates of 2006 industrial capacity
February 15, 2006: The data in this release include preliminary estimates of industrial capacity for 2006.

January 17, 2006

Final survey of industrial electric power use
January 17, 2006: This release no longer contains tables on electric power use by industry. The December 15, 2005, release included results from the final survey of industrial electric power use conducted by the Federal Reserve Board. The rate of response to the voluntary survey had dropped significantly since the early 1990s, and coverage in 2004 was nearly 40 percent lower than at its peak in 1993. A notice seeking comment on the termination of the electric power survey was published in the Federal Register on September 29, 2005 by the end of the public comment period, November 28, 2005, no comments had been received. Although the indexes of electric power use will no longer be updated, the historical indexes will remain available on the historical data webpage for the G.17.

December 15, 2005

Final survey of industrial electric power use
December 15, 2005: This release includes the result from the final survey of industrial electric power use to be conducted by the Federal Reserve Board.

December 06, 2005

Final survey of industrial electric power use
December 6, 2005: The Federal Reserve will discontinue its survey of industrial electric power use with the publication on December 15, 2005, of data for October 2005. The response rate for the voluntary survey had dropped significantly since the early 1990s, with coverage in 2004 nearly 40 percent less than at its peak in 1993. With the publication of the annual revision to the G.17 on November 7, 2005, the monthly indicators for the industrial production indexes for the twenty industries that previously relied on electric power use were changed to production-worker hours for the period 1997 to the present. Although the indexes of electric power use will no longer be updated, the historical indexes will remain available from the historical data page for the G.17. A notice seeking comments on this action was originally published in the Federal Register on September 29, 2005; no comments were received during the public comment period, which ended on November 28, 2005.

November 17, 2005

Seasonal factors for auto and truck production
November 17, 2005: Seasonal factors for auto and truck production were modified to correct an error in the factors for January 2006. A comma-delimited text file containing these seasonal factors is available for download.

November 07, 2005

2005 Annual IP Revision
November 7, 2005: The Federal Reserve Board issued its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization.

November 04, 2005

2005 Annual IP Revision
November 4, 2005: The Federal Reserve Board will issue its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on Monday, November 7, 2005 at 10:00 a.m.

October 24, 2005

Several individual IP series will be changed
October 24, 2005: With the release of the annual revision of industrial production on November 7, 2005, several individual series which have been based primarily on electric power usage will be changed to new series based primarily on production worker hour data from 1997 forward. These series are published in tables in the G.17 Supplement. A list of the new series is available.

October 24, 2005

Seasonal factors for auto and truck production
October 24, 2005: Seasonal factors for auto and truck production have been reestimated using final production data through September. Factors have been revised back to January 2003 and extended through June 2006. A comma-delimited text file containing these seasonal factors is available for download.

October 14, 2005

Names for the G.17 data files changed
October 14, 2005: The names for the current and historical data files changed. These files are accessible from links on the download page. For a couple of months, you will be able to access the old file names by entering the old names in your browser address window. A file containing the old and new names is available.

October 06, 2005

Names for the G.17 data files changed
October 6, 2005: Beginning with the October 14, 2005 publication, the file names for the current and historical data files will change. These files are accessible from the download page. A file containing the old and new names is available.

September 14, 2005

G.17 Publication dates for 2006
September 14, 2005: The publication dates for 2006 are now available.

August 16, 2005

2005 Annual IP Revision
August 16, 2005: The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on November 7, 2005.

June 15, 2005

Updated estimates of industrial capacity in 2005
June 15, 2005: This release includes updated estimates of industrial capacity in 2005. The estimated rate of change in total industrial capacity between the fourth quarter of 2004 and the fourth quarter of 2005 was revised down 0.1 percentage point, to a gain of 1.2 percent; the estimated rate of change in manufacturing capacity was revised down similarly.

June 10, 2005

Seasonal factors for auto and truck production
June 10, 2005: Seasonal factors for auto and truck production have been revised back to February 2005 and extended through December 2005. A comma-delimited text file containing these seasonal factors is available for download.

February 16, 2005

Preliminary estimates of 2005 industrial capacity
February 16, 2005: The data in this release include preliminary estimates of industrial capacity for 2005. Total industrial capacity is projected to expand 1.3 percent in 2005, the fastest increase since 2001 although still considerably less than the average gain of 3.7 percent over the past ten years.

Last update: March 15, 2024