INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- | 1997=100 | Percent change | ----------------------------------------------- | ------------------------------------------------- | 2002 2003 | 2002 2003 | Mar. '02 to Industrial production | Dec. Jan. Feb. Mar. | Dec. Jan. Feb. Mar. | Mar. '03 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 109.9 110.8 110.7 110.1 | -.8 .8 -.1 -.5 | .5 Previous estimates | 110.1 111.0 111.1 | -.6 .8 .1 | | | | Major market groups | | | Final Products | 106.0 107.1 106.8 106.3 | -1.0 1.0 -.3 -.4 | -.8 Consumer goods | 106.6 107.7 107.4 106.8 | -1.0 1.0 -.3 -.5 | -.6 Business equipment | 104.6 105.7 105.4 105.1 | -1.3 1.0 -.3 -.2 | -2.5 Nonindustrial supplies | 113.9 114.7 115.0 114.2 | -.9 .7 .3 -.7 | .8 Construction | 102.4 102.6 102.2 102.0 | -1.4 .3 -.4 -.2 | -1.9 Materials | 112.4 113.1 113.1 112.5 | -.6 .7 .0 -.5 | 1.7 | | | Major industry groups | | | Manufacturing (see note below) | 110.6 111.3 111.0 110.8 | -.9 .6 -.3 -.2 | .1 Previous estimates | 110.8 111.5 111.4 | -.7 .6 -.1 | Mining | 95.2 93.8 94.2 94.7 | 1.7 -1.5 .4 .6 | 1.2 Utilities | 110.5 114.9 116.4 111.6 | -1.4 4.0 1.3 -4.1 | 3.4 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1982 1988-89 2002 | 2002 2003 | Mar. '02 to Capacity utilization | 1972-2002 Low High Mar. | Dec. Jan. Feb. Mar. | Mar. '03 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.3 70.8 85.1 75.3 | 74.9 75.4 75.3 74.8 | 1.1 Previous estimates | | 75.1 75.6 75.6 | | | | Manufacturing (see note below) | 80.2 68.6 85.6 73.5 | 73.0 73.4 73.1 72.9 | .8 Previous estimates | | 73.2 73.6 73.4 | Mining | 86.9 78.6 85.6 84.8 | 86.4 85.1 85.3 85.8 | .1 Utilities | 86.7 77.2 92.6 86.9 | 84.8 87.8 88.5 84.5 | 6.4 | | | Stage-of-process groups | | | Crude | 86.4 77.2 88.6 82.2 | 83.7 82.7 82.9 83.3 | -.3 Primary and semifinished | 82.2 67.9 86.2 76.9 | 77.3 78.0 78.0 77.1 | 1.6 Finished | 78.5 71.3 83.1 71.9 | 70.2 70.7 70.3 70.2 | .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 consists of those industries included in the North American Industry Classification System, or NAICS, manufacturing plus those industries-logging and newspaper, periodical, book and directory publishing-that have traditionally been considered manufacturing and included in the industrial sector.