INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- | 1997=100 | Percent change | ----------------------------------------------- | ------------------------------------------------- | 2004 | 2004 | May '03 to Industrial production | Feb. Mar. Apr. May | Feb. Mar. Apr. May | May '04 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 114.8 114.8 115.7 116.9 | .8 .0 .8 1.1 | 6.3 Previous estimates | 114.6 114.5 115.4 | .7 -.1 .8 | | | | Major market groups | | | Final Products | 110.8 110.8 111.6 112.6 | .9 .0 .7 .9 | 5.5 Consumer goods | 108.8 108.8 109.4 110.3 | .7 .0 .6 .8 | 4.6 Business equipment | 116.2 116.0 117.2 118.8 | 1.6 -.1 1.0 1.4 | 9.4 Nonindustrial supplies | 112.1 112.2 113.4 115.3 | .8 .1 1.0 1.7 | 6.6 Construction | 104.3 104.9 105.9 107.4 | .2 .6 1.0 1.4 | 6.5 Materials | 119.8 119.8 120.8 122.1 | .8 .0 .9 1.1 | 7.0 | | | Major industry groups | | | Manufacturing (see note below) | 115.8 116.2 117.0 118.1 | 1.1 .3 .7 .9 | 6.4 Previous estimates | 115.8 115.9 116.7 | 1.1 .1 .7 | Mining | 93.2 93.0 93.8 93.5 | -.5 -.2 .9 -.4 | .8 Utilities | 117.9 114.9 116.7 120.5 | -.3 -2.5 1.5 3.3 | 9.4 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1982 1988-89 2003 | 2004 | May '03 to Capacity utilization | 1972-2003 Low High May | Feb. Mar. Apr. May | May '04 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.1 70.9 85.2 74.1 | 76.7 76.6 77.1 77.8 | 1.2 Previous estimates | | 76.6 76.5 76.9 | | | | Manufacturing (see note below) | 80.0 68.7 85.6 72.6 | 75.3 75.4 75.9 76.4 | 1.1 Previous estimates | | 75.3 75.2 75.7 | Mining | 86.9 78.6 85.6 84.3 | 84.9 84.7 85.5 85.1 | -.2 Utilities | 86.9 77.6 92.8 83.1 | 86.5 84.1 85.3 88.0 | 3.2 | | | Stage-of-process groups | | | Crude | 86.3 77.2 88.5 83.0 | 84.0 83.8 84.6 84.6 | -.5 Primary and semifinished | 82.2 68.1 86.4 75.9 | 79.1 78.8 79.5 80.6 | 1.9 Finished | 78.2 71.3 83.2 70.4 | 72.7 72.9 73.1 73.6 | .6 -------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. The statistics in this release cover output, capacity, and capacity utilization in the industrial sector, which the Federal Reserve defines as manufacturing, mining, and electric and gas utilities. Manufacturing comprises those industries included in the North American Industry Classification System, or NAICS, manufacturing plus the logging and newspaper, periodical, book and directory publishing industries that have traditionally been considered manufacturing and included in the industrial sector.