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

Release Date: November 17, 2004
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INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
 
 
Industrial production
1997=100 Percent change
2004 2004 Oct. '03 to
Oct. '04
July Aug. Sept. Oct. July Aug. Sept. Oct.
                   
Total index  116.7  116.7  116.8  117.6     .7    -.1     .1     .7    5.2
   Previous estimates  116.7  116.5  116.7           .7    -.1     .1    
                   
Major market groups                  
Final Products  112.5  112.6  112.8  113.5    1.0     .1     .2     .6    5.4
   Consumer goods  108.6  109.2  109.3  109.9     .3     .6     .0     .6    3.7
   Business equipment  123.5  122.0  122.6  123.3    3.0   -1.2     .5     .5   11.2
Nonindustrial supplies  115.6  115.1  115.4  116.2     .5    -.4     .3     .7    6.1
   Construction  107.4  107.2  105.7  106.8     .9    -.1   -1.4    1.0    3.5
Materials  121.5  121.4  121.3  122.3     .6    -.1    -.2     .9    4.7
                   
Major industry groups                  
Manufacturing (see note below)  118.8  119.2  118.8  119.7    1.0     .3    -.3     .7    6.0
   Previous estimates  118.8  119.0  118.7           .9     .2    -.3    
Mining   93.4   92.1   89.9   90.5    1.4   -1.3   -2.4     .7   -3.4
Utilities  112.8  110.5  116.3  117.1   -1.5   -2.0    5.3     .7    5.5

 
 
 
Capacity utilization
 
Percent of capacity
Capacity
growth
Oct. '03 to
Oct. '04
Average
1972-2003
1982
Low
1988-89
High
2003
Oct.
2004
July Aug. Sept. Oct.
                   
Total industry   81.1   70.9   85.2   75.0   77.5   77.3   77.3   77.7    1.5
   Previous estimates                           77.4   77.2   77.2            
                   
Manufacturing (see note below)   80.0   68.7   85.6   73.6   76.6   76.7   76.4   76.8    1.6
   Previous estimates                           76.6   76.6   76.3            
Mining   86.9   78.6   85.6   85.4   85.0   83.9   81.9   82.5     .0
Utilities   86.9   77.6   92.8   82.4   82.3   80.5   84.8   85.4    1.8
                   
Stage-of-process groups                  
Crude   86.3   77.2   88.5   83.8   85.7   84.5   82.8   83.5    -.1
Primary and semifinished   82.2   68.1   86.4   77.0   79.1   79.0   79.2   79.7    2.3
Finished   78.2   71.3   83.2   71.1   74.2   74.2   74.2   74.6     .9

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.


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