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Industrial production declined 0.2 percent in July. Manufacturing output decreased 0.4 percent last month and has fallen more than 1-1/2 percent since December 2018. In July, mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf of Mexico. The index for utilities rose 3.1 percent. At 109.2 percent of its 2012 average, total industrial production was 0.5 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in July to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2018) average.
Industrial Production and Capacity Utilization: Summary
| Industrial production | 2012=100 | Percent change | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2019 | July '18 to July '19 |
|||||||||||
| Feb.[r] | Mar.[r] | Apr.[r] | May[r] | June[r] | July[p] | Feb.[r] | Mar.[r] | Apr.[r] | May[r] | June[r] | July[p] | ||
| Total index | 109.6 | 109.7 | 109.0 | 109.2 | 109.4 | 109.2 | -.5 | .1 | -.6 | .2 | .2 | -.2 | .5 |
| Previous estimates | 109.6 | 109.7 | 109.2 | 109.6 | 109.6 | -.5 | .1 | -.5 | .4 | .0 | |||
| Major market groups | |||||||||||||
| Final Products | 103.6 | 104.3 | 102.6 | 103.2 | 103.7 | 103.8 | -.1 | .7 | -1.7 | .6 | .5 | .1 | .7 |
| Consumer goods | 105.8 | 106.5 | 104.5 | 105.3 | 105.7 | 105.9 | .4 | .6 | -1.9 | .7 | .4 | .2 | .0 |
| Business equipment | 101.8 | 102.6 | 100.9 | 101.5 | 102.1 | 101.7 | -1.3 | .7 | -1.7 | .6 | .7 | -.4 | 1.0 |
| Nonindustrial supplies | 108.4 | 108.2 | 107.6 | 108.0 | 108.4 | 107.7 | -1.0 | -.2 | -.6 | .4 | .4 | -.6 | -.5 |
| Construction | 115.9 | 116.1 | 115.4 | 116.0 | 117.1 | 115.9 | -1.6 | .2 | -.6 | .6 | .9 | -1.0 | 1.2 |
| Materials | 114.8 | 114.4 | 114.7 | 114.6 | 114.4 | 114.0 | -.7 | -.3 | .3 | -.1 | -.2 | -.3 | .6 |
| Major industry groups | |||||||||||||
| Manufacturing (see note below) | 105.3 | 105.2 | 104.3 | 104.5 | 105.1 | 104.7 | -.5 | -.1 | -.8 | .1 | .6 | -.4 | -.5 |
| Previous estimates | 105.3 | 105.2 | 104.6 | 104.8 | 105.2 | -.5 | .0 | -.7 | .2 | .4 | |||
| Mining | 130.3 | 130.1 | 133.2 | 132.7 | 133.6 | 131.2 | -1.3 | -.2 | 2.4 | -.3 | .6 | -1.8 | 5.5 |
| Utilities | 105.0 | 106.8 | 103.3 | 105.2 | 101.7 | 104.9 | .6 | 1.7 | -3.3 | 1.8 | -3.3 | 3.1 | .3 |
Market Groups
The indexes for consumer goods and for defense and space equipment both increased in July, but the other major market groups posted declines. The production of construction supplies fell 1.0 percent, while the indexes for materials, business equipment, and business supplies each decreased less than 1/2 percent. The weakness for materials reflected cutbacks for all of its major components. The advance for consumer goods primarily resulted from a large gain for consumer energy products and from a smaller increase for automotive products.
Industry Groups
Manufacturing output declined 0.4 percent in July, with durables, nondurables, and other manufacturing (publishing and logging) all posting decreases. Production fell for most major durable goods categories. The largest declines were recorded by wood products, machinery, and nonmetallic mineral products, while the only sizable gain was registered by aerospace and miscellaneous transportation equipment. Paper products posted the only increase among nondurables; the indexes for textile and product mills, for printing and support, and for plastics and rubber products each fell 1.0 percent or more.
The output of utilities rose 3.1 percent in July after having fallen a similar amount in June. Despite declining 1.8 percent in July, the index for mining was 5.5 percent above its year-earlier level.
Capacity utilization for manufacturing declined 0.4 percentage point in July to 75.4 percent, a rate that is 2.9 percentage points lower than its long-run average. The operating rate for durable manufacturing declined 0.3 percentage point, and the rate for nondurable manufacturing decreased 0.5 percentage point. The utilization rate for mining fell to 89.2 percent, which is about 2 percentage points above its long-run average. The rate for utilities increased 2.1 percentage points but remained well below its long-run average.
Release Dates for 2020
In 2020, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 17, February 14, March 17, April 15, May 15, June 16, July 15, August 14, September 15, October 16, November 17, and December 15.
G.17 Release Tables:
- Summary: Industrial Production and Capacity Utilization
- Chart 1: Industrial Production, Capacity, and Capacity Utilization
- Chart 2: Industrial Production and Capacity Utilization
- Chart 3: Industrial Production of Selected Industries
- Table 1: Industrial Production: Market and Industry Groups (percent change)
- Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change)
- Table 3: Motor Vehicle Assemblies
- Table 4: Industrial Production Indexes: Market and Industry Group Summary
- Table 5: Industrial Production Indexes: Special Aggregates
- Table 6: Diffusion Indexes of Industrial Production
- Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities
- Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change)
- Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies
- Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups
- Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry
- Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing
- Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries
- Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries
- Table 15: Industrial Production: Reliability Estimates
