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Release Date: May 16, 2024
Industrial Production and Capacity Utilization: Summary
Seasonally adjusted
Industrial production 2017=100 Percent change
2023 2024 2023 2024 Apr. '23 to
Apr. '24
Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p]
       
Total index 102.9 102.6 101.8 102.6 102.8 102.8 .3 -.3 -.8 .8 .1 .0 -.4
Previous estimates 102.9 102.6 101.8 102.3 102.7   .4 -.3 -.8 .4 .4    
       
Major market groups
Final Products 101.7 101.2 100.6 101.0 101.4 101.4 .8 -.5 -.6 .4 .4 .0 -1.0
Consumer goods 102.4 101.9 101.5 101.5 102.0 102.1 .8 -.5 -.4 .0 .5 .1 -1.5
Business equipment 96.2 95.7 94.4 96.0 95.9 95.4 1.0 -.6 -1.3 1.7 -.2 -.5 -1.3
Nonindustrial supplies 100.1 99.8 99.3 100.8 101.0 100.8 -.3 -.3 -.6 1.5 .2 -.2 .5
Construction 101.0 100.7 99.4 102.1 102.0 101.1 -.1 -.3 -1.3 2.8 -.1 -1.0 -.8
Materials 104.9 104.7 103.7 104.7 104.6 104.7 .1 -.2 -1.0 1.0 -.1 .1 -.1
       
Major industry groups
Manufacturing (see note below) 99.3 99.3 98.2 99.5 99.7 99.4 .5 .0 -1.2 1.4 .2 -.3 -.5
Previous estimates 99.4 99.4 98.2 99.4 99.9   .5 .0 -1.1 1.2 .5    
Mining 119.0 120.0 114.4 119.2 117.9 117.1 -.4 .8 -4.6 4.2 -1.1 -.6 -1.3
Utilities 106.2 102.0 109.7 102.1 103.7 106.7 .3 -4.0 7.6 -6.9 1.6 2.8 2.3

Capacity utilization Percent of capacity Capacity
growth
Average
1972-
2023
1988-
89
high
1990-
91
low
1994-
95
high
 
2009
low
 
2023
Apr.
   
2023 2024 Apr. '23 to
Apr. '24
Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[p]
       
Total industry 79.6 85.2 78.8 85.0 66.6 79.8 79.0 78.6 77.9 78.5 78.5 78.4 1.4
Previous estimates             79.0 78.7 77.9 78.2 78.4    
       
Manufacturing (see note below) 78.2 85.6 77.3 84.6 63.4 78.4 77.3 77.3 76.2 77.2 77.2 76.9 1.4
Previous estimates             77.4 77.3 76.3 77.1 77.4    
Mining 86.5 86.3 84.3 88.6 78.9 92.8 93.5 94.4 90.0 93.8 92.7 92.1 -.6
Utilities 84.4 93.2 84.7 93.2 78.1 71.8 71.7 68.7 73.7 68.4 69.2 71.0 3.5
       
Stage-of-process groups
Crude 85.7 87.9 84.8 90.0 76.9 90.3 91.0 92.0 88.7 91.5 90.9 90.2 -.5
Primary and semifinished 80.2 86.5 78.0 87.8 63.6 77.1 76.8 76.0 76.4 75.8 76.1 76.1 1.5
Finished 76.7 83.4 77.5 80.7 66.3 77.6 75.8 75.5 74.5 75.4 75.2 75.3 2.2
[r] Revised. [p] Preliminary.
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.
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Last Update: May 16, 2024