Federal Reserve Bulletin, Volume 93, 2007   Current Bulletin

Industrial Production and Capacity Utilization:
The 2006 Annual Revision

Figure 5 is titled "Capacity utilization: Selected high-technology industries, and manufacturing excluding selected high-technology industries, January 1989-April 2007." The figure contains one panel that shows the utilization rates for selected high-technology industries and for manufacturing excluding selected high-technology industries; the data are plotted as curves against a linear scale in units of percent. The panel has shaded regions for the 1990-91 and 2001 recessions, as defined by the National Bureau of Economic Research. The operating rate for manufacturing excluding selected high-technology industries generally decreased from 1989 through early 1991, during 1995, and from late 1997 through late 2001; it generally increased during other periods shown in the figure. The utilization rate for the selected high-technology industries moved in a similar pattern, though with more variability, up through 1998. It climbed rapidly, however, from 1998 to 2000, fell from nearly 95 percent in 2000 to just above 55 percent in 2002, climbed to about 80 percent by late 2006, and then fell off slightly in 2007.
Note: The high-technology industries are identified in the note to figure 3.

Return to text