INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
Industrial production increased 0.7 percent in April after a decrease of 0.3 percent in March.
Output in the manufacturing sector moved up 0.5 percent in April; the increase was led by advances in motor
vehicles and parts and in high-technology goods. The output of utilities increased 3.5 percent;
temperatures were relatively warm in March but fell below seasonal norms in April. Mining output decreased
0.3 percent in April. At 113.0 percent of its 2002 average, overall industrial production for April was
1.9 percent above its year-earlier level. The rate of capacity utilization for total industry rose 0.4
percentage point, to 81.6 percent, a level 0.6 percentage point above its 1972-2006 average.
|2007||2007|| Apr. '06 to
|Major market groups|
|Major industry groups|
|Manufacturing (see note below)||113.7||113.8||114.4||115.0||-.6||.0||.6||.5||1.9|
Percent of capacity
Apr. '06 to
|Manufacturing (see note below)||79.8||84.6||71.6||80.7||79.8||79.7||80.0||80.2||2.5|
|Primary and semifinished||82.2||88.2||74.6||83.8||81.9||82.5||81.5||82.1||2.9|
All major market groups recorded increases in April. The output of consumer goods rebounded 0.9 percent after having fallen 0.8 percent in March. Production of consumer durables expanded 2.1 percent in April. Apart from the strength in automotive products, the output of home electronics climbed 4.8 percent because of gains in computers produced for households and in audio and video equipment. Also within consumer durables, the indexes for appliances, furniture, and carpeting and for miscellaneous goods increased. Within consumer nondurables, the output of non-energy goods edged up 0.2 percent, as a decline in foods and tobacco was more than offset by increases in clothing, in chemical products, and in paper products. Among consumer energy products, an increase in residential sales by utilities outweighed a decline in the output of fuels.
The output of business equipment moved up for a third consecutive month in April; an increase of 0.9 percent was led by gains in transit equipment and in information processing equipment. The rise of 1.9 percent in transit equipment was supported by increases in truck production and continued strength in civilian aircraft. Information processing equipment rose 0.9 percent because of output gains in electromedical equipment and in computers produced for businesses. The output of defense and space equipment rose 1.0 percent after having decreased 2.3 percent in March; this increase reflected a return to work in April at a shipyard affected by a recent strike. The output of construction supplies increased 0.4 percent in April. The output of business supplies advanced 0.7 percent because of strength in the production of medical supplies and in commercial sales of gas and electricity.
The production of materials moved up 0.6 percent in April, as gains in both durable and energy materials outweighed a decline in nondurable materials. Within durables, the output of equipment parts rose 1.3 percent; the output of semiconductors advanced for a second consecutive month. The output of consumer parts also increased 1.3 percent; the rise was boosted by increases in the indexes related to motor vehicle parts and steel. The production of other durables increased 0.5 percent. Within nondurable materials, the production of both textiles and chemicals fell, while the output of paper materials remained unchanged. The production of energy materials recovered 0.8 percent in April after having declined 2.4 percent in March.
Manufacturing output rose 0.5 percent in April, as a gain in the production of durables outweighed a decline in nondurables. The factory operating rate moved up 0.2 percentage point, to 80.2 percent. The production of durable goods rose 1.1 percent after an increase of 0.7 percent in March. Increases of more than 1.0 percent were recorded in the indexes for computer and electronic products; electrical equipment, appliances, and components; motor vehicles and parts; and miscellaneous manufacturing. These gains more than offset small decreases in the indexes for nonmetallic mineral products, machinery, and furniture and related products. The index for nondurable manufacturing edged down 0.2 percent; declines occurred in the indexes for textile and product mills; food, beverage, and tobacco products; and petroleum and coal products. The decline of 2.8 percent in the production of petroleum and coal products resulted from an unusually high number of refinery shutdowns for seasonal maintenance. The production of non-NAICS manufacturing (logging and publishing) moved up 0.7 percent in April and reversed more than half of the decline seen over the first quarter.
The output of natural gas utilities jumped 11.8 percent, and the output of electric utilities rose 2.0 percent. Mining production decreased 0.3 percent in April after having edged up 0.1 percent in March. Capacity utilization for industries in the crude stage of processing moved down 0.5 percentage point, to 88.8 percent, in April. Capacity utilization for industries in the primary and semifinished stages moved up 0.6 percentage point, to 82.1 percent, and capacity utilization for industries at the finished stage increased 0.5 percentage point, to 78.8 percent.
Note. The statistics in this release cover output, capacity, and capacity utilization in the
U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing,
mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the
North American Industry Classification System (NAICS); electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33)
plus the logging industry and the newspaper, periodical, book, and directory publishing industries.
Logging and publishing are classified elsewhere in NAICS (under agriculture and information
respectively), but historically they were considered to be manufacturing and were included in
the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002
the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.
G.17 Release Tables:
|Ascii||Screen reader||Summary: Industrial Production and Capacity Utilization||Chart||Chart 1: Industrial Production, Capacity, and Capacity Utilization||Chart||Chart 2: Industrial Production and Capacity Utilization||Chart||Chart 3: Industrial Production and Capacity Utilization, High Technology Industries|
|Ascii||Screen reader||Table 1: Industrial Production: Market and Industry Groups (percent change)|
|Ascii||Screen reader||Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change)|
|Ascii||Screen reader||Table 3: Motor Vehicle Assemblies|
|Ascii||Screen reader||Table 4: Industrial Production Indexes: Market and Industry Group Summary|
|Ascii||Screen reader||Table 5: Industrial Production Indexes: Special Aggregates|
|Ascii||Screen reader||Table 6: Diffusion Indexes of Industrial Production|
|Ascii||Screen reader||Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities|
|Ascii||Screen reader||Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change)|
|Ascii||Screen reader||Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies|
|Ascii||Screen reader||Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups|
|Ascii||Screen reader||Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry|
|Ascii||Screen reader||Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing|
|Ascii||Screen reader||Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries|
|Ascii||Screen reader||Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries|