FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EDT) September 14, 2007 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production rose 0.2 percent in August after an increase of 0.5 percent in July. At 114.4 percent of its 2002 average, total industrial production in August was 1.7 percent above its year-earlier level. Manufacturing output fell 0.3 percent in August after five consecutive months of increases, mining output dropped 0.6 percent, but unusually hot weather contributed to an increase of 5.3 percent in the output of utilities. Capacity utilization for total industry was unchanged, at 82.2 percent, a rate 0.2 percentage point below its level in August 2006 but 1.2 percentage points above its 1972-2006 average. Market Groups ------------- The production of consumer goods edged up 0.1 percent in August. The production of durable consumer goods decreased 1.0 percent; the drop was due mainly to a reduction of 2.1 percent in the output of automotive products. Elsewhere, the output of home electronics declined 0.2 percent; the output of appliances, furniture, and carpeting fell 0.6 percent; but the index for miscellaneous durable goods rose 0.2 percent. The production of nondurable non-energy consumer goods fell 0.3 percent; decreases in the production of foods and tobacco, of clothing, and of paper products more than offset an increase in the production of consumer chemical products. Boosted by residential sales of electricity, the index for consumer energy goods rose 3.5 percent. The index for business equipment fell 0.2 percent in August. The output of transit equipment declined 0.2 percent, as a reduction in motor vehicle assemblies more than offset an increase in the production of civilian aircraft. The index for industrial and other equipment decreased 0.6 percent; although farm machinery increased for the second month in a row, other machinery categories registered declines. The production of defense and space equipment fell 0.6 percent. The index for construction supplies stayed flat in August. The index for business supplies rose 1.0 percent as a result of an increase in the commercial sales of electricity; the output of non-energy business supplies was unchanged. The production of materials rose 0.2 percent in August. Within non-energy materials, the index for durable materials fell 0.2 percent, and the index for nondurable materials fell 0.1 percent. The decrease in durable materials reflected reduced output of motor vehicle parts as well as decreases in a variety of equipment parts. Among nondurable materials, declines in the output of textiles and of chemicals more than offset an increase in the production of paper. The output of energy materials climbed 1.5 percent. Industry Groups --------------- Manufacturing output fell 0.3 percent in August, as production of both durable and nondurable goods decreased. The factory operating rate for manufacturing declined 0.3 percentage point in August, to 80.7 percent, a rate about 1 percentage point above its 1972-2006 average. The production of durable goods fell 0.3 percent. Decreases were recorded in wood products; machinery; electrical equipment, appliances, and components; motor vehicles and parts; furniture and related products; and miscellaneous manufacturing, whereas increases were registered in nonmetallic mineral products; primary metals; fabricated metal products; computer and electronic products; and aerospace and miscellaneous transportation equipment. The production of nondurable goods moved down 0.2 percent. Declines in the indexes for food, beverage, and tobacco products; for textile and product mills; for apparel and leather; for petroleum and coal products; and for plastics and rubber products more than offset gains in paper, printing and support, and chemical products. The output of the non-NAICS manufacturing industries (logging and publishing) fell 0.3 percent. The output of utilities jumped 5.3 percent in August. Electric utility output increased 6.3 percent, whereas the output of natural gas utilities was unchanged. The operating rate at utilities rose to 87.9 percent, a rate 1.2 percentage points above its 1972-2006 average. The output of mines fell 0.6 percent, and the capacity utilization rate for mining fell 0.6 percentage point, to 90.2 percent, a rate 2.8 percentage points above its long-run average. In August, capacity utilization for industries in the crude stage moved down 0.3 percentage point, to 89.6 percent. For industries in the primary and semifinished stages, capacity utilization advanced 0.6 percentage point, to 83.1 percent; for industries in the finished stage, capacity utilization fell 0.4 percentage point, to 78.8 percent. Notice Revision of Industrial Production and Capacity Utilization The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization around the end of March 2008. The revised IP indexes will incorporate data from the 2006 Annual Surveys of Manufactures and from selected editions of the 2006 Current Industrial Reports, all from the U.S. Census Bureau. Annual data from the U.S. Geological Survey regarding metallic and nonmetallic minerals (except fuels) for 2006 will also be incorporated. The updating will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry as well as changes in the estimation methods for some series. Any changes to methods for estimating the output of an industry will affect the index from 1972 to the present. After the release of the revision, subsequent monthly releases will include new or revised indexes for a six-month reporting window: one month of new data and revisions for the previous five months. Capacity and capacity utilization will be revised to incorporate data from the Census Bureau's 2006 Survey of Plant Capacity, which covers manufacturing, along with new data on capacity from the U.S. Geological Survey, the Department of Energy, and other organizations. Once the revision is published, it will be available on the Board's website at www.federalreserve.gov/releases/G17. The revised data will also be available through the website of the Department of Commerce. Further information on these revisions can be obtained from the Board's Industrial Output Section (telephone number 202-452-3197). INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY Seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------- | 2002=100 | Percent change | ----------------------------------------------- | ------------------------------------------------- | 2007 | 2007 | Aug. '06 to Industrial production | May June July Aug. | May June July Aug. | Aug. '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 113.0 113.6 114.2 114.4 | -.1 .6 .5 .2 | 1.7 Previous estimates | 112.8 113.5 113.9 | -.2 .6 .3 | | | | Major market groups | | | Final Products | 114.0 114.8 115.5 115.5 | -.2 .7 .6 .0 | 2.3 Consumer goods | 108.8 109.4 109.9 110.0 | -.4 .6 .4 .1 | 2.1 Business equipment | 131.1 132.1 133.7 133.4 | .2 .8 1.2 -.2 | 3.7 Nonindustrial supplies | 110.8 111.3 111.1 112.0 | -.1 .5 -.2 .7 | .5 Construction | 109.1 110.3 110.3 110.3 | .7 1.1 .0 .0 | -.9 Materials | 112.7 113.2 114.0 114.3 | .0 .5 .7 .2 | 1.5 | | | Major industry groups | | | Manufacturing (see note below) | 114.9 115.7 116.6 116.3 | .1 .7 .7 -.3 | 1.7 Previous estimates | 114.8 115.5 116.2 | -.1 .6 .6 | Mining | 99.9 100.3 101.1 100.4 | -.3 .4 .8 -.6 | .5 Utilities | 108.0 107.4 105.7 111.3 | -1.5 -.6 -1.7 5.3 | 2.3 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1994-95 2001-02 2006 | 2007 | Aug. '06 to Capacity utilization | 1972-2006 High Low Aug. | May June July Aug. | Aug. '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.0 85.1 73.6 82.4 | 81.5 81.8 82.2 82.2 | 2.0 Previous estimates | | 81.4 81.8 81.9 | | | | Manufacturing (see note below) | 79.8 84.6 71.6 81.1 | 80.1 80.5 81.0 80.7 | 2.2 Previous estimates | | 80.0 80.4 80.7 | Mining | 87.4 88.9 84.8 90.2 | 89.7 90.1 90.8 90.2 | .6 Utilities | 86.7 93.7 83.8 87.5 | 85.6 85.0 83.6 87.9 | 1.8 | | | Stage-of-process groups | | | Crude | 86.5 89.5 82.0 89.2 | 89.2 89.3 89.9 89.6 | .4 Primary and semifinished | 82.2 88.2 74.6 84.4 | 82.1 82.4 82.5 83.1 | 2.5 Finished | 77.8 80.5 70.0 78.0 | 78.4 78.8 79.2 78.8 | 1.9 -------------------------------------------------------------------------------------------------------------------------------------- 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. Table 1 Industrial Production: Market and Industry Group Summary Percent change, seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Fourth quarter to | | | | | | fourth quarter | Annual rate | Monthly rate | | | |---------------------|----------------------------|----------------------------| Aug. '06 | | 2006 | | 2006 2007 | 2007 | to Item | NAICS |Proportion<1>| 2004 2005 2006 | Q3 Q4 Q1 Q2 r | May June July Aug. | Aug. '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 3.0 3.2 3.5 | 4.0 -1.5 1.1 3.5 | -.1 .6 .5 .2 | 1.7 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 57.43 | 2.6 4.8 2.6 | 3.9 -.3 1.5 3.1 | -.2 .6 .4 .2 | 1.8 Consumer goods | | 29.36 | 1.8 2.7 1.1 | 2.6 -.1 3.4 2.5 | -.4 .6 .4 .1 | 2.1 Durable | | 7.16 | -.2 2.3 -2.5 | -4.6 -4.0 -.7 12.9 | -.3 1.8 .7 -1.0 | 2.0 Automotive products | | 3.33 | -3.2 -1.8 -4.6 | -10.1 -3.4 .4 20.3 | -1.2 3.0 1.3 -2.1 | 3.7 Home electronics | | .36 | 14.2 16.8 13.1 | -9.7 8.1 40.8 21.6 | -.7 .5 -.8 -.2 | 17.9 Appliances, furniture, carpeting | | 1.23 | 2.2 3.1 -4.7 | -5.1 -8.4 -8.2 4.3 | .8 -.1 -.4 -.6 | -5.0 Miscellaneous goods | | 2.24 | 2.1 6.4 -.6 | 5.6 -4.4 -4.0 5.6 | .5 1.3 .5 .2 | .7 Nondurable | | 22.19 | 2.6 2.9 2.2 | 5.0 1.2 4.7 -.5 | -.4 .2 .3 .5 | 2.1 Non-energy | | 16.90 | 2.2 3.4 2.7 | 3.0 4.4 2.1 1.6 | -.4 .4 .3 -.3 | 2.4 Foods and tobacco | | 9.18 | 2.3 4.8 2.2 | 1.3 7.0 4.3 3.6 | -.3 .9 -.2 -.7 | 3.7 Clothing | | .59 | -10.5 -.3 .7 | -1.4 -2.6 1.3 -1.5 | .3 -1.2 .1 -1.8 | -2.6 Chemical products | | 4.83 | 3.8 .9 3.8 | 7.8 -1.4 -2.2 -3.4 | -.9 -.4 1.6 .8 | -.2 Paper products | | 1.79 | 3.2 2.2 3.3 | .6 9.8 2.2 4.0 | -.5 .8 .3 -.3 | 4.9 Energy | | 5.29 | 3.7 1.7 .7 | 10.9 -8.0 13.5 -7.5 | -.3 -.8 .1 3.5 | 1.3 | | | | | | Business equipment | | 9.95 | 5.3 11.2 9.7 | 10.4 5.0 -1.3 5.7 | .2 .8 1.2 -.2 | 3.7 Transit | | 2.03 | 6.0 20.5 16.9 | 10.1 11.2 -1.2 -1.7 | -1.1 2.0 .6 -.2 | 3.1 Information processing | | 2.78 | 7.2 13.7 10.1 | 8.0 7.7 9.3 10.8 | .8 .8 .5 .3 | 9.1 Industrial and other | | 5.14 | 3.9 6.7 6.9 | 11.9 1.2 -6.9 6.0 | .3 .3 1.9 -.6 | 1.0 Defense and space equipment | | 1.75 | 2.5 3.8 2.3 | 5.6 -3.1 -1.2 -2.0 | -.1 1.7 .6 -.6 | -.2 | | | | | | Construction supplies | | 4.55 | 1.6 8.0 -2.1 | -.9 -8.9 -2.8 5.8 | .7 1.1 .0 .0 | -.9 Business supplies | | 11.02 | 2.9 3.4 2.4 | 3.3 -1.0 .9 2.1 | -.4 .2 -.2 1.0 | 1.0 | | | | | | Materials | | 42.57 | 3.4 1.1 4.7 | 4.3 -3.1 .5 4.2 | .0 .5 .7 .2 | 1.5 Non-energy | | 30.80 | 4.8 3.5 4.5 | 4.9 -4.0 .3 5.6 | .1 .5 1.0 -.2 | 1.5 Durable | | 19.15 | 5.4 7.0 5.6 | 6.6 -3.9 -.1 7.4 | .4 .8 1.4 -.2 | 2.5 Consumer parts | | 3.30 | .2 1.7 -3.2 | -8.3 -9.8 -1.9 7.6 | .5 .7 .0 -1.6 | -2.9 Equipment parts | | 6.64 | 9.4 16.0 19.4 | 27.9 10.3 -1.9 5.2 | .0 1.6 3.1 -.2 | 7.0 Other | | 9.21 | 4.5 2.7 -.7 | -1.9 -11.6 1.9 9.1 | .6 .2 .8 .3 | 1.1 Nondurable | | 11.64 | 3.8 -2.1 2.6 | 2.3 -4.2 1.0 2.6 | -.3 .1 .3 -.1 | -.2 Textile | | .60 | -3.4 .2 -7.3 | -4.2 -13.3 -9.8 -.7 | .6 -.7 -3.3 -1.5 | -11.3 Paper | | 2.30 | 3.9 -.2 2.5 | 3.8 2.8 -3.9 -4.5 | -.7 -1.3 1.0 .5 | -.9 Chemical | | 5.49 | 7.7 -6.5 4.7 | 4.7 -10.2 7.5 4.1 | .1 .2 .3 -.1 | -.1 Energy | | 11.77 | -.2 -4.2 5.4 | 2.5 -.7 1.0 .6 | -.2 .2 -.1 1.5 | 1.7 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 81.86 | 3.4 4.4 3.4 | 4.4 -1.7 .8 4.4 | .1 .7 .7 -.3 | 1.7 Manufacturing (NAICS) | 31-33 | 77.70 | 3.5 4.6 3.6 | 4.8 -2.1 1.0 4.5 | .1 .7 .8 -.3 | 1.7 | | | | | | Durable manufacturing | | 41.46 | 3.7 7.9 4.7 | 5.5 -1.5 -.4 7.4 | .1 1.1 1.1 -.3 | 2.5 Wood products | 321 | 1.39 | 1.8 10.5 -14.5 | -11.8 -25.5 -5.4 7.8 | 2.2 1.2 -.6 -.4 | -6.3 Nonmetallic mineral products | 327 | 2.43 | 3.8 5.8 -1.9 | -5.2 -9.3 -5.3 4.7 | .6 1.4 .9 .5 | -.9 Primary metal | 331 | 3.25 | 7.4 -2.3 -3.5 | -6.8 -28.2 10.1 14.4 | .7 -.7 2.0 .6 | -.4 Fabricated metal products | 332 | 5.63 | 1.6 6.1 3.8 | 5.3 -1.4 -.2 5.3 | -.3 1.3 .3 .4 | 2.1 Machinery | 333 | 5.12 | 5.0 8.2 5.3 | 19.9 -3.1 -9.4 3.2 | .3 .1 2.1 -1.0 | -1.7 Computer and electronic products | 334 | 7.51 | 10.2 18.3 18.3 | 20.6 14.6 3.1 8.4 | .1 1.7 2.2 .2 | 10.4 Electrical equipment, appliances, | | | | | | and components | 335 | 2.03 | 2.0 3.8 2.4 | 1.9 -3.3 5.4 6.9 | -.6 .6 .9 -.8 | 1.7 Motor vehicles and parts | 3361-3 | 5.54 | -1.6 .2 -3.8 | -9.8 -4.0 -7.5 13.4 | -.5 2.6 .7 -2.6 | -1.3 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 3.76 | 2.0 15.0 14.7 | 12.4 9.0 10.3 3.7 | .0 1.7 .6 .4 | 8.0 Furniture and related products | 337 | 1.57 | 3.5 1.7 -1.2 | -3.2 -6.9 -8.6 .7 | .8 1.0 .7 -.6 | -3.8 Miscellaneous | 339 | 3.22 | 2.2 8.7 4.8 | 5.8 7.9 1.6 8.8 | .5 .3 .1 -.1 | 4.5 | | | | | | Nondurable manufacturing | | 36.24 | 3.2 .9 2.3 | 4.1 -2.9 2.6 1.4 | .1 .2 .4 -.2 | .7 Food, beverage, and tobacco products | 311,2 | 10.80 | 1.2 5.3 2.6 | 1.1 7.4 3.9 4.5 | -.3 1.0 -.3 -.6 | 4.0 Textile and product mills | 313,4 | 1.05 | -.7 2.0 -7.7 | -5.5 -14.6 -8.4 2.7 | .5 .2 -1.9 -1.2 | -8.1 Apparel and leather | 315,6 | .64 | -9.6 .4 -.1 | -1.4 -3.9 .3 -2.0 | .3 -1.1 -.3 -1.8 | -3.6 Paper | 322 | 2.61 | 3.0 -.1 -.1 | 2.1 -.4 -6.0 -1.5 | -.6 -.6 .7 .1 | -1.9 Printing and support | 323 | 2.05 | 1.9 1.9 5.2 | -1.5 8.4 3.1 -8.9 | -1.6 -.9 -.2 .9 | .1 Petroleum and coal products | 324 | 3.83 | 10.0 -3.6 2.6 | 17.4 -13.4 8.8 -7.1 | 2.5 -.4 .8 -.9 | -2.5 Chemical | 325 | 11.81 | 6.1 -2.5 3.8 | 5.7 -7.5 1.3 1.7 | .1 .0 .9 .4 | -.3 Plastics and rubber products | 326 | 3.46 | .8 3.0 .2 | 1.9 -8.9 6.7 8.6 | .5 .4 1.1 -.1 | 2.8 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 2.6 .6 .2 | -3.9 7.5 -1.9 2.5 | -.6 .6 .1 -.3 | 2.4 | | | | | | Mining | 21 | 8.58 | -.8 -5.5 8.0 | .6 3.0 -4.8 -.1 | -.3 .4 .8 -.6 | .5 Utilities | 2211,2 | 9.55 | 1.6 2.1 .3 | 4.6 -3.6 8.7 -.8 | -1.5 -.6 -1.7 5.3 | 2.3 Electric | 2211 | 8.04 | 2.2 3.4 .0 | 1.7 -2.9 7.9 -.5 | -.3 -.5 -2.4 6.3 | 2.7 Natural gas | 2212 | 1.51 | -1.4 -3.4 1.9 | 19.9 -7.3 13.3 -2.8 | -7.6 -.7 2.6 .0 | .2 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> The proportion data are estimates of the relative contribution of each series to the growth of total industrial production in the following year. Note. Under industry groups, the figures to the right of the series descriptions are 2002 North American Industry Classification System (NAICS) codes. The abbreviation pt denotes part of a NAICS code. Additional industry detail is available on the Board's web site (www.federalreserve.gov/releases/G17). Under market groups, in the products category, miscellaneous consumer nondurables, oil and gas drilling, and manufactured homes are not shown separately; in the nondurable materials category, containers and miscellaneous nondurable materials are not shown separately. Table 2 Industrial Production: Special Aggregates and Selected Detail Percent change, seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Fourth quarter to | | | | | | fourth quarter | Annual rate | Monthly rate | | | |---------------------|----------------------------|----------------------------| Aug. '06 | | 2006 | | 2006 2007 | 2007 | to Item | NAICS | Proportion| 2004 2005 2006 | Q3 Q4 Q1 Q2 r | May June July Aug. | Aug. '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 3.0 3.2 3.5 | 4.0 -1.5 1.1 3.5 | -.1 .6 .5 .2 | 1.7 | | | | | | Energy | | 20.53 | 1.5 -1.8 4.0 | 5.8 -2.8 4.8 -1.4 | -.3 -.1 -.3 2.3 | 1.6 Consumer products | | 5.29 | 3.7 1.7 .7 | 10.9 -8.0 13.5 -7.5 | -.3 -.8 .1 3.5 | 1.3 Commercial products | | 2.74 | 4.5 .5 2.3 | 8.7 -2.5 4.0 3.6 | -.6 -.3 -2.1 4.4 | 2.1 Oil and gas well drilling | 213111 | .72 | 8.3 11.8 14.7 | 11.8 .5 8.6 -6.3 | -1.3 2.1 -.9 -.5 | -.6 Converted fuel | | 3.79 | 2.1 -2.5 2.2 | 6.7 -8.9 5.3 6.2 | -.5 .0 -.7 2.8 | 1.6 Primary materials | | 7.98 | -1.3 -4.9 6.8 | .8 3.4 -1.0 -2.1 | .0 .3 .3 .7 | 1.7 | | | | | | Non-energy | | 79.47 | 3.3 4.6 3.3 | 3.5 -1.1 .1 4.8 | .0 .7 .7 -.3 | 1.7 Selected high-technology industries | | 4.84 | 10.4 28.1 24.6 | 27.3 24.7 9.2 16.5 | .9 2.5 3.3 .8 | 19.5 Computers and peripheral equipment | 3341 | 1.20 | 6.6 30.4 12.1 | 2.3 24.4 32.8 39.4 | 4.3 1.0 .3 .6 | 28.0 Communications equipment | 3342 | 1.06 | 6.2 12.9 14.8 | 6.6 9.6 27.7 8.3 | -.4 1.5 .8 2.1 | 17.0 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.58 | 13.7 33.8 34.8 | 51.3 31.1 -6.9 9.4 | -.3 3.9 6.3 .3 | 16.7 | | | | | | Excluding selected high-technology | | | | | | industries | | 74.63 | 2.8 3.1 1.9 | 2.0 -2.7 -.5 4.1 | -.1 .6 .5 -.3 | .6 | | | | | | Motor vehicles and parts | 3361-3 | 5.54 | -1.6 .2 -3.8 | -9.8 -4.0 -7.5 13.4 | -.5 2.6 .7 -2.6 | -1.3 Motor vehicles | 3361 | 2.41 | -3.0 -2.5 -6.0 | -16.9 -5.2 -10.6 23.1 | -1.5 4.0 2.6 -3.7 | .1 Motor vehicle parts | 3363 | 2.72 | -1.1 1.3 -.2 | -3.5 -3.4 -4.0 8.8 | .6 1.5 -.1 -2.0 | -1.3 | | | | | | Excluding motor vehicles and parts | | 69.09 | 3.2 3.4 2.4 | 3.1 -2.6 .1 3.4 | -.1 .4 .5 -.2 | .8 Consumer goods | | 20.91 | 2.4 3.6 1.8 | 2.7 2.0 1.0 2.1 | -.4 .6 .3 -.3 | 1.7 Business equipment | | 7.81 | 4.4 8.9 10.2 | 13.0 4.0 -3.3 4.3 | -.1 .5 1.3 -.3 | 2.1 Construction supplies | | 4.52 | 1.5 8.0 -2.2 | -1.0 -9.1 -3.0 5.7 | .7 1.1 .0 .0 | -1.0 Business supplies | | 7.93 | 2.1 3.1 1.0 | -.3 -1.8 .0 1.3 | -.3 .3 .1 .0 | .0 Materials | | 26.14 | 4.4 .7 2.3 | 2.3 -7.0 1.1 4.7 | .1 .2 .7 .0 | .2 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.16 | 2.5 1.9 2.4 | 2.9 -2.7 .6 2.9 | -.2 .5 .4 .2 | .8 Manufacturing<1> | | 77.02 | 3.0 2.9 2.0 | 3.0 -3.3 .3 3.7 | .0 .6 .6 -.3 | .6 Durable | | 36.79 | 2.8 5.2 2.0 | 2.5 -4.7 -1.6 6.2 | .0 .9 .8 -.5 | .4 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.46 | 3.3 3.4 3.9 | 4.9 -1.3 1.6 3.0 | -.1 .4 .5 .4 | 1.9 Manufacturing<1> | | 76.32 | 3.9 4.7 3.9 | 5.5 -1.5 1.4 3.8 | .1 .6 .7 -.1 | 1.9 Durable | | 36.09 | 4.8 9.3 6.0 | 7.9 -1.0 .8 6.5 | .2 .9 1.2 .0 | 3.1 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 89.62 | 2.9 2.1 2.8 | 3.7 -2.7 1.1 2.3 | -.1 .3 .4 .4 | .9 Manufacturing<1> | | 71.48 | 3.4 3.1 2.5 | 4.0 -3.2 .9 3.0 | .1 .4 .6 -.2 | .8 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 12.85 | 5.2 8.3 9.0 | 11.9 2.6 -2.6 3.7 | .0 .8 1.7 -.5 | 2.2 Primary and semifinished processors | | 17.95 | 4.4 -.1 1.3 | .1 -8.6 2.5 7.0 | .2 .4 .5 .1 | .9 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> See note on cover page. Table 3 Motor Vehicle Assemblies Millions of units, seasonally adjusted annual rate ------------------------------------------------------------------------------------------------------------------------------- | 2006 | 2006 2007 | 2007 Item | Average| Q3 Q4 Q1 Q2 | May June July Aug. ------------------------------------------------------------------------------------------------------------------------------- Total | 11.26 | 10.98 10.96 10.58 11.07 | 10.87 11.30 11.39 10.94 Autos | 4.37 | 4.28 4.38 3.97 3.89 | 3.75 4.07 4.14 3.94 Trucks | 6.89 | 6.69 6.57 6.61 7.18 | 7.12 7.24 7.24 7.00 Light | 6.43 | 6.21 6.13 6.25 6.91 | 6.86 6.96 6.99 6.76 Medium and heavy | .46 | .49 .45 .36 .27 | .26 .27 .26 .24 | | | Memo: | | | Autos and light trucks | 10.80 | 10.49 10.51 10.22 10.80 | 10.60 11.03 11.13 10.70 ------------------------------------------------------------------------------------------------------------------------------- Note. Seasonal factors and underlying data for auto, light truck, and medium and heavy truck production are available on the Board's web site, www.federalreserve.gov/releases/G17/mvsf.htm Table 4 Industrial Production Indexes: Market and Industry Group Summary 2002 = 100, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2006 | 2006 2007 Item | NAICS | Proportion| Dec. Jan. Feb. Mar. Apr. May June July Aug. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 112.2 111.7 112.5 112.4 113.1 113.0 113.6 114.2 114.4 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 57.43 | 112.6 111.9 113.1 112.8 113.4 113.1 113.9 114.3 114.5 Consumer goods | | 29.36 | 107.8 107.4 109.4 108.6 109.2 108.8 109.4 109.9 110.0 Durable | | 7.16 | 106.2 103.1 104.6 105.2 107.1 106.7 108.7 109.4 108.3 Automotive products | | 3.33 | 100.6 95.2 98.7 99.7 102.3 101.1 104.1 105.5 103.3 Home electronics | | .36 | 180.7 184.6 196.0 191.1 200.8 199.4 200.3 198.7 198.2 Appliances, furniture, carpeting | | 1.23 | 102.2 100.5 99.5 99.8 100.4 101.3 101.1 100.7 100.2 Miscellaneous goods | | 2.24 | 108.4 107.4 106.3 107.1 107.6 108.1 109.6 110.1 110.3 Nondurable | | 22.19 | 108.2 108.7 110.9 109.6 109.8 109.4 109.5 109.9 110.5 Non-energy | | 16.90 | 109.8 109.7 109.5 109.9 110.3 109.8 110.3 110.7 110.4 Foods and tobacco | | 9.18 | 111.8 112.1 111.9 112.7 113.1 112.8 113.8 113.6 112.7 Clothing | | .59 | 78.9 80.4 79.6 78.7 79.4 79.7 78.8 78.8 77.4 Chemical products | | 4.83 | 112.9 111.8 110.9 110.5 110.9 109.9 109.4 111.2 112.1 Paper products | | 1.79 | 103.3 103.3 104.7 105.5 105.6 105.1 105.9 106.2 105.9 Energy | | 5.29 | 103.7 106.1 115.8 108.9 108.7 108.3 107.4 107.5 111.3 | | | Business equipment | | 9.95 | 132.1 128.8 129.2 130.6 130.9 131.1 132.1 133.7 133.4 Transit | | 2.03 | 146.8 144.2 144.1 144.3 143.7 142.1 145.0 145.9 145.6 Information processing | | 2.78 | 144.0 144.4 146.2 147.5 148.6 149.8 151.0 151.7 152.1 Industrial and other | | 5.14 | 120.7 115.6 115.4 117.3 117.5 117.8 118.1 120.3 119.7 Defense and space equipment | | 1.75 | 112.5 113.9 113.0 109.8 111.1 111.0 112.9 113.5 112.9 | | | Construction supplies | | 4.55 | 109.7 108.4 106.8 107.9 108.3 109.1 110.3 110.3 110.3 Business supplies | | 11.02 | 110.3 110.6 111.5 111.2 111.9 111.5 111.7 111.5 112.6 | | | Materials | | 42.57 | 111.7 111.3 111.8 112.0 112.7 112.7 113.2 114.0 114.3 Non-energy | | 30.80 | 116.6 115.9 116.0 116.8 117.5 117.7 118.3 119.5 119.3 Durable | | 19.15 | 124.7 124.4 123.9 124.9 126.0 126.5 127.5 129.3 129.1 Consumer parts | | 3.30 | 98.5 96.8 97.1 98.3 98.6 99.1 99.8 99.8 98.1 Equipment parts | | 6.64 | 170.8 169.8 168.6 169.5 170.5 170.5 173.3 178.7 178.3 Other | | 9.21 | 107.3 107.8 107.5 108.3 109.7 110.4 110.6 111.5 111.8 Nondurable | | 11.64 | 104.2 103.2 103.9 104.5 104.7 104.4 104.5 104.8 104.7 Textile | | .60 | 83.3 81.1 81.3 80.9 80.8 81.3 80.7 78.1 76.9 Paper | | 2.30 | 103.2 100.1 101.0 100.7 100.3 99.6 98.4 99.4 99.9 Chemical | | 5.49 | 108.7 108.9 110.1 111.4 111.1 111.2 111.4 111.8 111.6 Energy | | 11.77 | 100.2 100.5 101.9 100.5 101.1 100.9 101.2 101.1 102.6 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 81.86 | 114.4 113.7 113.6 114.4 114.8 114.9 115.7 116.6 116.3 Manufacturing (NAICS) | 31-33 | 77.70 | 115.4 114.7 114.6 115.4 115.8 115.9 116.7 117.6 117.3 | | | Durable manufacturing | | 41.46 | 122.7 121.2 121.3 122.3 123.2 123.4 124.8 126.2 125.7 Wood products | 321 | 1.39 | 100.3 98.5 97.7 98.3 98.2 100.3 101.6 101.0 100.6 Nonmetallic mineral products | 327 | 2.43 | 111.0 109.8 106.5 108.3 108.5 109.2 110.7 111.8 112.3 Primary metal | 331 | 3.25 | 102.7 107.1 107.6 108.8 111.3 112.1 111.2 113.4 114.0 Fabricated metal products | 332 | 5.63 | 109.8 109.3 109.8 110.6 111.1 110.8 112.2 112.5 113.0 Machinery | 333 | 5.12 | 122.6 116.4 115.3 118.0 117.2 117.6 117.7 120.2 119.0 Computer and electronic products | 334 | 7.51 | 181.7 181.3 181.5 182.3 184.2 184.4 187.6 191.8 192.1 Electrical equipment, appliances, | | | and components | 335 | 2.03 | 107.1 106.5 107.4 107.9 109.3 108.7 109.3 110.3 109.4 Motor vehicles and parts | 3361-3 | 5.54 | 102.4 96.4 98.7 99.4 100.8 100.3 102.9 103.6 100.9 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 3.76 | 128.3 130.7 131.0 130.2 131.1 131.1 133.3 134.1 134.5 Furniture and related products | 337 | 1.57 | 102.7 101.8 100.7 101.0 100.4 101.2 102.3 103.0 102.3 Miscellaneous | 339 | 3.22 | 121.0 120.2 119.4 121.6 122.5 123.1 123.4 123.5 123.4 | | | Nondurable manufacturing | | 36.24 | 107.4 107.5 107.2 107.8 107.7 107.8 108.0 108.4 108.2 Food, beverage, and tobacco products | 311,2 | 10.80 | 112.2 112.3 112.2 113.0 113.7 113.3 114.4 114.1 113.3 Textile and product mills | 313,4 | 1.05 | 88.6 87.4 87.3 86.5 87.3 87.8 87.9 86.3 85.3 Apparel and leather | 315,6 | .64 | 79.7 81.1 80.3 79.5 80.0 80.3 79.4 79.1 77.7 Paper | 322 | 2.61 | 99.5 96.4 97.5 97.2 97.3 96.7 96.1 96.8 96.9 Printing and support | 323 | 2.05 | 106.3 105.6 106.0 105.6 104.7 103.1 102.1 101.9 102.8 Petroleum and coal products | 324 | 3.83 | 108.9 113.0 110.0 111.7 107.9 110.6 110.1 111.0 110.0 Chemical | 325 | 11.81 | 110.5 109.9 110.1 110.4 110.5 110.6 110.7 111.7 112.1 Plastics and rubber products | 326 | 3.46 | 105.6 106.3 105.5 107.1 108.0 108.5 109.0 110.2 110.2 | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 98.7 98.4 98.6 99.1 99.5 99.0 99.6 99.7 99.3 | | | Mining | 21 | 8.58 | 102.5 100.2 100.0 100.2 100.2 99.9 100.3 101.1 100.4 Utilities | 2211,2 | 9.55 | 102.5 105.1 114.1 106.6 109.7 108.0 107.4 105.7 111.3 Electric | 2211 | 8.04 | 105.8 108.1 114.1 109.2 110.7 110.4 109.9 107.2 114.0 Natural gas | 2212 | 1.51 | 87.0 91.0 114.2 94.7 104.8 96.8 96.1 98.7 98.7 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 1. Table 5 Industrial Production Indexes: Special Aggregates 2002 = 100, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2006 | 2006 2007 Item | NAICS | Proportion| Dec. Jan. Feb. Mar. Apr. May June July Aug. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 112.2 111.7 112.5 112.4 113.1 113.0 113.6 114.2 114.4 | | | Energy | | 20.53 | 103.3 104.6 108.4 105.3 106.0 105.6 105.6 105.2 107.6 Consumer products | | 5.29 | 103.7 106.1 115.8 108.9 108.7 108.3 107.4 107.5 111.3 Commercial products | | 2.74 | 110.0 113.7 117.6 113.7 116.6 115.9 115.6 113.2 118.1 Oil and gas well drilling | 213111 | .72 | 170.3 172.6 173.7 173.0 170.6 168.4 171.9 170.3 169.5 Converted fuel | | 3.79 | 101.3 102.1 108.0 103.1 106.3 105.8 105.8 105.0 108.0 Primary materials | | 7.98 | 99.5 99.5 98.9 99.1 98.6 98.5 98.9 99.1 99.8 | | | Non-energy | | 79.47 | 114.6 113.6 113.6 114.3 114.9 114.9 115.7 116.5 116.2 Selected high-technology industries | | 4.84 | 218.6 219.9 220.4 223.2 226.4 228.5 234.3 242.1 244.0 Computers and peripheral equipment | 3341 | 1.20 | 166.6 171.3 176.6 179.9 185.2 193.2 195.0 195.6 196.8 Communications equipment | 3342 | 1.06 | 157.8 161.1 165.1 168.8 168.0 167.3 169.7 171.0 174.6 Semiconductors and related | | | electronic components | 334412-9 | 2.58 | 281.0 278.0 272.2 273.7 277.8 277.0 287.7 305.8 306.8 | | | Excluding selected high-technology | | | industries | | 74.63 | 109.4 108.2 108.3 108.9 109.4 109.3 109.9 110.5 110.2 | | | Motor vehicles and parts | 3361-3 | 5.54 | 102.4 96.4 98.7 99.4 100.8 100.3 102.9 103.6 100.9 Motor vehicles | 3361 | 2.41 | 102.2 92.4 97.5 97.6 100.6 99.1 103.1 105.8 101.8 Motor vehicle parts | 3363 | 2.72 | 100.4 97.7 98.1 99.1 99.5 100.1 101.6 101.5 99.5 | | | Excluding motor vehicles and parts | | 69.09 | 110.0 109.3 109.1 109.7 110.2 110.1 110.6 111.1 111.0 Consumer goods | | 20.91 | 109.4 109.1 108.8 109.1 109.6 109.2 109.8 110.2 109.9 Business equipment | | 7.81 | 125.6 122.2 122.0 123.5 123.8 123.7 124.3 125.9 125.5 Construction supplies | | 4.52 | 109.2 107.9 106.2 107.3 107.7 108.5 109.7 109.7 109.7 Business supplies | | 7.93 | 106.1 105.4 105.4 106.2 106.1 105.8 106.1 106.2 106.2 Materials | | 26.14 | 107.6 107.3 107.5 108.2 108.8 108.9 109.1 109.8 109.8 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.16 | 108.0 107.4 108.3 108.1 108.6 108.5 109.0 109.4 109.6 Manufacturing<1> | | 77.02 | 109.3 108.5 108.4 109.2 109.5 109.5 110.1 110.8 110.4 Durable | | 36.79 | 112.6 110.9 111.0 111.8 112.5 112.6 113.6 114.5 113.9 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.46 | 112.9 112.7 113.4 113.3 113.9 113.8 114.3 114.9 115.3 Manufacturing<1> | | 76.32 | 115.4 115.1 114.9 115.7 116.0 116.2 116.8 117.7 117.6 Durable | | 36.09 | 126.5 125.8 125.5 126.6 127.3 127.6 128.8 130.3 130.3 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 89.62 | 108.4 108.1 108.9 108.6 109.1 109.0 109.3 109.7 110.1 Manufacturing<1> | | 71.48 | 109.9 109.5 109.2 110.0 110.2 110.3 110.7 111.4 111.2 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 12.85 | 130.1 128.3 128.1 128.8 129.2 129.3 130.3 132.5 131.8 Primary and semifinished processors | | 17.95 | 106.9 107.0 107.2 108.1 108.9 109.2 109.6 110.2 110.2 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 2. <1> See note on cover page. Table 6 Diffusion Indexes of Industrial Production Percent ------------------------------------------------------------------------------------------------------- Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. ------------------------------------------------------------------------------------------------------- One Month Earlier 2005 54.8 50.5 52.1 52.5 56.4 56.1 56.8 51.2 61.1 58.4 58.4 52.1 2006 63.4 48.2 58.7 60.4 50.2 61.1 59.4 51.2 46.5 41.6 43.2 59.4 2007 46.9 53.6 57.8 59.1 51.2 58.7 56.4 Three Months Earlier 2005 58.7 61.4 54.8 53.1 57.8 60.1 57.8 57.8 56.8 56.1 56.4 57.8 2006 61.4 56.8 63.0 59.7 56.1 61.1 58.1 57.4 52.5 43.2 36.6 45.5 2007 45.2 53.5 50.2 61.1 60.1 62.4 62.4 Six Months Earlier 2005 58.7 57.4 59.7 58.1 62.7 59.1 61.1 55.8 62.4 63.0 59.4 56.4 2006 59.1 57.4 64.0 63.0 62.0 64.0 61.4 64.4 59.4 47.5 44.2 46.9 2007 36.3 42.2 42.9 54.1 57.1 56.8 63.4 ------------------------------------------------------------------------------------------------------- Note: The diffusion indexes are calculated as the percentage of series that increased over the indicated span (one, three, or six months) plus one-half the percentage that were unchanged. Table 7 Capacity Utilization Percent of capacity, seasonally adjusted -------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | 1972- 1988- 1994- 2001-| | | | 2006 | 2006 89 95 02| 2006 2007 | 2007 Item | NAICS | Proportion| Ave. High High Low| Q3 Q4 Q1 Q2 r | May June July Aug. -------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.0 85.1 73.6 | 82.3 81.5 81.3 81.7 | 81.5 81.8 82.2 82.2 | | | | | Manufacturing<1> | | 82.52 | 79.8 85.4 84.6 71.6 | 80.9 80.1 79.8 80.3 | 80.1 80.5 81.0 80.7 Manufacturing (NAICS) | 31-33 | 78.53 | 79.6 85.3 84.7 71.0 | 80.8 79.9 79.6 80.1 | 79.9 80.3 80.8 80.4 | | | | | Durable manufacturing | | 42.55 | 78.0 84.5 84.2 68.1 | 79.5 78.5 77.7 78.4 | 78.1 78.8 79.5 79.0 Wood products | 321 | 1.41 | 80.2 88.2 87.7 71.0 | 80.4 74.3 73.1 74.5 | 74.8 75.7 75.3 75.0 Nonmetallic mineral products | 327 | 2.34 | 79.5 85.1 84.1 75.8 | 82.3 79.6 78.0 78.6 | 78.4 79.4 80.1 80.4 Primary metal | 331 | 2.86 | 80.8 93.8 95.6 68.5 | 88.8 82.2 84.4 87.2 | 87.6 86.8 88.5 88.8 Fabricated metal products | 332 | 5.63 | 77.3 81.6 85.1 69.2 | 80.7 80.2 79.9 80.6 | 80.2 81.1 81.3 81.5 Machinery | 333 | 5.14 | 78.7 85.2 87.6 63.7 | 82.1 80.9 78.4 78.7 | 78.7 78.7 80.2 79.2 Computer and electronic products | 334 | 8.43 | 78.3 81.4 84.3 58.6 | 77.2 77.3 75.3 74.3 | 73.9 74.4 75.2 74.5 Electrical equip., appliances, | | | | | and components | 335 | 1.90 | 83.2 89.1 93.1 71.8 | 85.4 84.3 85.0 86.3 | 85.9 86.4 87.1 86.3 Motor vehicles and parts | 3361-3 | 5.92 | 77.5 89.7 89.0 68.9 | 75.6 74.7 73.6 76.7 | 75.9 78.2 79.0 77.3 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 3.96 | 72.5 87.1 68.5 62.8 | 77.6 78.8 80.3 80.6 | 80.1 81.3 81.7 81.8 Furniture and related products | 337 | 1.61 | 78.5 82.2 82.9 67.8 | 79.5 78.3 76.6 76.7 | 76.7 77.4 78.0 77.5 Miscellaneous | 339 | 3.36 | 76.7 82.5 81.3 70.6 | 78.1 78.8 78.3 79.1 | 79.1 79.0 78.8 78.4 | | | | | Nondurable manufacturing | | 35.98 | 81.7 86.8 85.4 74.9 | 82.4 81.6 82.0 82.1 | 82.0 82.1 82.4 82.2 Food, beverage, and tobacco products | 311,2 | 10.67 | 81.6 85.9 84.1 75.6 | 81.1 82.2 82.6 83.1 | 82.8 83.5 83.1 82.5 Textile and product mills | 313,4 | 1.09 | 82.3 91.2 91.4 68.8 | 78.3 75.8 74.6 75.6 | 75.7 76.0 74.8 74.1 Apparel and leather | 315,6 | .70 | 78.7 84.3 87.1 59.5 | 74.1 74.1 74.9 75.2 | 75.5 74.9 74.9 73.8 Paper | 322 | 2.46 | 87.8 92.5 92.0 78.9 | 85.4 85.5 84.3 84.1 | 84.1 83.6 84.3 84.4 Printing and support | 323 | 2.08 | 83.7 91.8 86.4 72.7 | 79.3 80.5 80.6 78.4 | 78.2 77.3 77.1 77.7 Petroleum and coal products | 324 | 3.77 | 86.2 89.0 90.6 83.7 | 93.1 90.1 92.3 90.7 | 91.5 91.1 91.8 91.0 Chemical | 325 | 12.01 | 78.3 85.1 81.4 70.2 | 79.5 77.7 77.8 78.0 | 78.0 78.0 78.6 78.8 Plastics and rubber products | 326 | 3.20 | 83.9 89.8 91.9 75.1 | 87.5 84.8 85.4 86.7 | 86.7 86.9 87.7 87.4 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.99 | 84.7 91.0 83.3 81.3 | 83.2 84.6 84.0 84.4 | 84.0 84.5 84.5 84.2 | | | | | Mining | 21 | 8.25 | 87.4 86.1 88.9 84.8 | 90.9 91.3 90.0 89.9 | 89.7 90.1 90.8 90.2 Utilities | 2211,2 | 9.23 | 86.7 92.7 93.7 83.8 | 86.4 85.0 86.4 85.9 | 85.6 85.0 83.6 87.9 | | | | | Selected high-technology industries | | 5.48 | 78.0 80.8 87.4 56.2 | 78.7 79.7 77.9 77.4 | 77.0 77.8 79.2 78.6 Computers and peripheral equipment | 3341 | 1.39 | 78.1 79.9 84.2 62.8 | 74.5 78.3 82.3 85.2 | 86.1 85.3 83.9 82.7 Communications equipment | 3342 | 1.29 | 75.4 80.8 86.6 40.2 | 71.8 73.3 77.6 78.6 | 78.1 79.0 79.5 80.9 Semiconductors and related | | | | | electronic components | 334412-9 | 2.80 | 80.6 82.9 93.5 58.1 | 83.5 82.7 75.6 72.9 | 71.9 73.3 76.6 75.6 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 94.52 | 81.2 85.4 85.0 74.7 | 82.6 81.8 81.7 82.1 | 81.9 82.3 82.5 82.6 Manufacturing<1> | | 77.04 | 79.9 85.9 84.5 72.8 | 81.3 80.3 80.2 80.7 | 80.6 81.0 81.4 81.0 | | | | | Stage-of-process groups | | | | | Crude | | 12.41 | 86.5 88.1 89.5 82.0 | 89.4 89.1 88.7 89.2 | 89.2 89.3 89.9 89.6 Primary and semifinished | | 48.00 | 82.2 86.5 88.2 74.6 | 84.1 82.3 82.2 82.3 | 82.1 82.4 82.5 83.1 Finished | | 39.59 | 77.8 82.8 80.5 70.0 | 77.9 78.2 78.0 78.6 | 78.4 78.8 79.2 78.8 -------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> See note on cover page Note. See notes to table 2. Table 8 Industrial Capacity Percent change ----------------------------------------------------------------------------------------------------------------------------------------------------- | Average annual rate | Fourth quarter to fourth quarter | Annual rate | Monthly rate |----------------------------|------------------------------------|----------------------------|-------------- | 1972- 1980- 1989- 1995-| | 2006 2007 | 2007 Item | 79 88 94 2007 | 2004 2005 2006 2007 | Q4 Q1 Q2 Q3 | Aug. ----------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 3.1 2.0 2.3 3.3 | .1 1.1 2.4 1.8 | 2.3 2.1 1.8 1.7 | .1 | | | | Manufacturing<1> | 3.3 2.3 2.6 3.7 | .0 1.7 2.7 2.1 | 2.4 2.3 2.1 2.1 | .2 | | | | Mining | .8 .1 -.9 -.5 | -.3 -1.7 .6 .4 | 1.1 .9 .3 .2 | .0 Utilities | 4.3 2.1 1.6 2.2 | 2.6 .0 2.1 1.5 | 2.5 2.1 1.5 1.2 | .1 | | | | | | | | Selected high-technology industries | 20.9 19.1 17.3 27.2 | 4.3 18.3 19.6 19.6 | 18.5 19.5 19.5 19.6 | 1.5 Manufacturing<1> ex. selected | | | | high-technology industries | 2.6 1.3 1.6 1.6 | -.2 .6 1.4 1.0 | 1.3 1.1 .9 .9 | .1 | | | | Stage-of-process groups | | | | Crude | 1.7 .3 -.4 -.1 | -.1 -1.1 .3 .5 | .5 .5 .3 .4 | .0 Primary and semifinished | 3.0 1.4 2.6 3.9 | .4 1.4 3.0 2.3 | 3.0 2.8 2.2 2.1 | .2 Finished | 3.9 3.5 2.7 3.4 | .5 2.0 2.3 1.9 | 2.1 2.0 1.9 1.9 | .2 ----------------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. Table 9 Gross Value of Final Products and Nonindustrial Supplies Billions of 2000 dollars at annual rate, seasonally adjusted ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | 2006 2007 | 2007 Item | 2000 | 2006 | Q2 Q3 Q4 Q1 Q2 r | May June July Aug. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,812.5 | 3,043.0 | 3,045.3 3,075.0 3,060.2 3,072.1 3,090.4 | 3,081.8 3,103.9 3,117.8 3,120.0 | | | | Final products | 2,112.0 | 2,302.3 | 2,302.5 2,327.4 2,321.5 2,332.3 2,344.7 | 2,337.0 2,356.3 2,373.2 2,368.9 | | | | Consumer goods | 1,480.7 | 1,606.0 | 1,607.9 1,619.6 1,610.7 1,627.7 1,637.6 | 1,632.1 1,644.6 1,654.4 1,653.6 Durable | 471.7 | 504.6 | 511.4 503.1 498.2 496.8 514.1 | 509.3 520.8 525.3 518.0 Automotive products | 278.9 | 296.1 | 301.5 293.1 291.1 290.4 304.8 | 300.2 310.2 314.7 307.5 Other durable goods | 192.9 | 208.2 | 209.6 209.6 206.7 206.0 209.3 | 208.8 210.6 210.6 210.4 Nondurable | 1,009.0 | 1,097.5 | 1,094.0 1,111.5 1,107.0 1,124.1 1,119.2 | 1,118.0 1,120.2 1,125.7 1,131.1 | | | | Equipment, total | 631.3 | 706.0 | 704.0 718.4 722.2 714.5 716.8 | 714.6 721.7 729.1 725.3 Business and defense | 614.9 | 689.1 | 686.5 701.3 706.0 697.3 699.7 | 697.7 704.2 712.3 708.5 Business | 556.8 | 619.8 | 617.0 631.4 637.4 628.3 631.0 | 629.4 634.5 642.3 639.1 Defense and space | 58.2 | 71.4 | 71.5 72.2 71.4 71.5 71.3 | 70.9 72.2 72.6 72.1 | | | | Nonindustrial supplies | 700.5 | 741.1 | 743.1 748.1 739.6 740.8 746.5 | 745.6 748.6 746.2 752.1 Construction supplies | 197.2 | 207.8 | 209.6 209.2 204.0 202.8 205.9 | 205.8 207.7 207.9 207.8 Business supplies | 503.3 | 533.2 | 533.4 538.9 535.7 538.2 540.7 | 539.8 540.9 538.2 544.4 Commercial energy products | 136.0 | 154.7 | 154.4 157.7 156.3 157.5 158.1 | 158.0 157.7 154.6 160.2 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Table 10 Gross-Value-Weighted Industrial Production: Stage-of-Process Groups Percent change, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Fourth quarter to | | | | | fourth quarter | Annual rate | Monthly rate | | |---------------------|----------------------------|----------------------------| Aug. '06 | 2006 | | 2006 2007 | 2007 | to Item | gross value<1>| 2004 2005 2006 | Q3 Q4 Q1 Q2 r | May June July Aug. | Aug. '07 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 1980.5 | 2.4 5.6 3.4 | 2.3 2.3 -1.2 4.8 | -.4 1.0 .9 -.8 | 2.0 Semifinished | 1754.9 | 2.4 6.2 2.5 | 5.7 -2.7 .2 3.8 | .2 .7 .2 .6 | 1.1 Primary | 992.6 | 4.5 -.8 .1 | 5.0 -13.3 7.2 .9 | .2 -.2 .7 .6 | -.4 Crude | 420.0 | 5.2 -8.3 7.1 | 2.5 -3.4 .9 4.3 | .0 .4 .6 -.1 | 1.6 | | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> Billions of 2000 dollars. Table 11 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 1985 | -.3 .4 .2 -.2 .1 .1 -.6 .5 .4 -.4 .3 1.0 | 1.2 .7 -.5 2.7 | 1.4 1986 | .5 -.8 -.6 .1 .2 -.3 .6 -.2 .2 .4 .5 .9 | 2.4 -2.4 1.7 4.6 | 1.1 1987 | -.3 1.3 .2 .6 .7 .5 .6 .7 .3 1.5 .5 .5 | 5.4 7.2 7.3 9.9 | 5.1 1988 | .0 .4 .3 .5 -.1 .2 .2 .5 -.3 .6 .2 .4 | 3.4 3.4 2.1 3.3 | 5.1 | | | 1989 | .2 -.5 .3 .0 -.7 .0 -.9 1.0 -.3 -.1 .3 .7 | 1.5 -1.8 -2.4 1.8 | .9 1990 | -.6 .9 .5 -.1 .2 .3 -.2 .3 .2 -.7 -1.2 -.7 | 3.0 2.8 1.4 -5.9 | 1.0 1991 | -.5 -.7 -.5 .2 1.0 1.0 .0 .2 .9 -.2 -.1 -.3 | -7.6 2.7 5.7 1.0 | -1.5 1992 | -.5 .7 .8 .7 .4 .1 .8 -.5 .2 .7 .4 .1 | -.3 7.1 3.1 4.0 | 2.9 1993 | .5 .3 .0 .3 -.4 .3 .4 .0 .5 .8 .4 .6 | 3.7 1.1 2.4 6.4 | 3.4 | | | 1994 | .5 .0 1.0 .5 .5 .7 .2 .5 .3 .9 .7 1.1 | 5.6 7.3 5.1 8.3 | 5.5 1995 | .4 .1 .1 -.1 .2 .3 -.4 1.3 .4 -.2 .3 .3 | 6.0 1.0 3.8 3.5 | 5.0 1996 | -.8 1.5 -.2 .9 .7 .9 -.2 .7 .5 .0 .9 .7 | 2.0 8.4 5.2 6.1 | 4.3 1997 | .2 1.2 .8 -.1 .6 .4 .5 1.3 .9 .8 1.0 .4 | 8.3 5.5 9.0 11.1 | 7.2 1998 | .5 .1 .0 .5 .7 -.5 -.3 2.2 -.2 .7 -.1 .4 | 4.7 3.3 3.8 5.3 | 6.1 | | | 1999 | .6 .5 .2 .2 .8 -.1 .7 .5 -.4 1.3 .6 .9 | 4.9 4.0 4.4 8.2 | 4.7 2000 | .1 .4 .4 .8 .3 .1 -.3 -.3 .5 -.5 .0 -.4 | 5.3 5.9 -.5 -1.6 | 4.5 2001 | -.7 -.6 -.4 -.3 -.7 -.6 -.4 -.4 -.4 -.6 -.5 .0 | -5.7 -5.4 -5.6 -5.1 | -3.5 2002 | .5 .1 .8 .4 .4 .9 -.3 .2 .1 -.3 .4 -.4 | 2.7 6.4 2.3 -.4 | .0 2003 | .6 .3 -.2 -.8 -.1 .2 .4 -.1 .5 -.1 .8 .0 | 2.3 -3.2 2.5 3.3 | 1.1 | | | 2004 | .2 .7 -.6 .6 .6 -.7 .6 .2 -.2 .7 .2 .6 | 3.3 2.5 1.8 4.3 | 2.5 2005 | .3 .6 -.1 .1 .4 .6 .0 .3 -1.6 1.2 1.1 .8 | 4.6 2.8 .8 4.7 | 3.2 2006 | .0 .3 .5 .9 -.1 .9 .4 .2 -.3 -.2 -.4 .6 | 5.0 6.5 4.0 -1.5 | 3.9 2007 | -.5 .8 -.1 .6 -.1 .6 .5 .2 | 1.1 3.5 | | | | IP | | | (2002=100) | | | 2005 | 105.6 106.2 106.1 106.2 106.6 107.3 107.3 107.6 105.8 107.1 108.2 109.1 | 106.0 106.7 106.9 108.1 | 106.9 2006 | 109.1 109.4 110.0 110.9 110.9 111.9 112.3 112.5 112.2 112.0 111.5 112.2 | 109.5 111.2 112.3 111.9 | 111.1 2007 | 111.7 112.5 112.4 113.1 113.0 113.6 114.2 114.4 | 112.2 113.2 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 132.7 132.7 132.8 132.9 133.0 133.1 133.2 133.4 133.6 133.8 134.1 134.3 | 132.7 133.0 133.4 134.1 | 133.3 2006 | 134.6 134.8 135.1 135.4 135.7 136.0 136.2 136.5 136.8 137.0 137.3 137.5 | 134.9 135.7 136.5 137.3 | 136.1 2007 | 137.8 138.0 138.2 138.4 138.6 138.8 139.0 139.2 | 138.0 138.6 | | | | Utilization | | | (percent) | | | 1985 | 80.0 80.1 80.0 79.7 79.6 79.4 78.7 78.9 79.1 78.6 78.8 79.5 | 80.0 79.6 78.9 79.0 | 79.4 1986 | 79.8 79.0 78.4 78.4 78.4 78.1 78.5 78.3 78.3 78.6 78.8 79.4 | 79.1 78.3 78.4 78.9 | 78.7 1987 | 79.0 79.9 79.9 80.2 80.5 80.8 81.1 81.6 81.6 82.7 83.0 83.3 | 79.6 80.5 81.4 83.0 | 81.1 1988 | 83.2 83.5 83.6 84.0 83.9 84.0 84.1 84.5 84.2 84.6 84.7 84.9 | 83.4 84.0 84.2 84.7 | 84.1 | | | 1989 | 85.0 84.5 84.6 84.4 83.7 83.6 82.6 83.3 82.8 82.6 82.7 83.1 | 84.7 83.9 82.9 82.8 | 83.6 1990 | 82.4 83.0 83.2 82.9 82.9 83.0 82.7 82.8 82.8 82.1 80.9 80.2 | 82.9 82.9 82.7 81.1 | 82.4 1991 | 79.7 79.0 78.5 78.6 79.3 79.9 79.8 79.8 80.4 80.1 79.9 79.5 | 79.1 79.3 80.0 79.9 | 79.6 1992 | 79.0 79.4 79.9 80.3 80.4 80.3 80.8 80.3 80.3 80.8 80.9 80.8 | 79.4 80.3 80.5 80.8 | 80.3 1993 | 81.1 81.3 81.1 81.3 80.9 81.0 81.2 81.1 81.4 81.8 82.0 82.3 | 81.2 81.1 81.2 82.1 | 81.4 | | | 1994 | 82.6 82.4 83.1 83.3 83.5 83.8 83.7 83.8 83.8 84.2 84.4 85.1 | 82.7 83.5 83.8 84.6 | 83.6 1995 | 85.1 84.8 84.6 84.1 84.0 83.9 83.2 84.0 84.0 83.5 83.4 83.3 | 84.8 84.0 83.7 83.4 | 84.0 1996 | 82.3 83.2 82.6 83.0 83.2 83.6 83.0 83.2 83.3 83.0 83.3 83.5 | 82.7 83.3 83.2 83.3 | 83.1 1997 | 83.3 83.8 84.1 83.6 83.6 83.5 83.5 84.0 84.3 84.4 84.7 84.5 | 83.7 83.6 83.9 84.5 | 83.9 1998 | 84.3 83.9 83.3 83.2 83.2 82.3 81.6 82.9 82.3 82.5 82.0 81.9 | 83.8 82.9 82.3 82.2 | 82.8 | | | 1999 | 82.1 82.1 81.9 81.8 82.1 81.6 81.8 81.9 81.3 82.0 82.2 82.6 | 82.0 81.8 81.7 82.3 | 81.9 2000 | 82.3 82.3 82.3 82.6 82.5 82.3 81.8 81.3 81.4 80.8 80.5 79.9 | 82.3 82.5 81.5 80.4 | 81.7 2001 | 79.2 78.5 78.0 77.5 76.8 76.2 75.7 75.3 74.8 74.2 73.7 73.6 | 78.5 76.9 75.3 73.8 | 76.1 2002 | 73.8 73.8 74.3 74.5 74.7 75.4 75.1 75.2 75.3 75.1 75.5 75.2 | 74.0 74.9 75.2 75.3 | 74.8 2003 | 75.7 76.0 75.9 75.4 75.4 75.7 76.0 76.0 76.4 76.4 77.1 77.1 | 75.9 75.5 76.1 76.8 | 76.1 | | | 2004 | 77.2 77.8 77.3 77.8 78.2 77.7 78.1 78.3 78.2 78.7 78.9 79.4 | 77.5 77.9 78.2 79.0 | 78.1 2005 | 79.6 80.0 79.9 79.9 80.2 80.6 80.5 80.7 79.2 80.0 80.7 81.3 | 79.8 80.2 80.1 80.7 | 80.2 2006 | 81.1 81.1 81.4 81.9 81.7 82.3 82.4 82.4 82.0 81.7 81.3 81.6 | 81.2 82.0 82.3 81.5 | 81.7 2007 | 81.1 81.6 81.4 81.7 81.5 81.8 82.2 82.2 | 81.3 81.7 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 12 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <2> | | | 1985 | -.4 -.3 .8 -.3 .1 .2 -.6 .6 .1 -.2 .7 .4 | .3 1.1 .3 2.5 | 1.9 1986 | 1.1 -.7 -.3 .4 .2 -.3 .5 .3 .2 .4 .5 .9 | 4.6 .0 2.5 5.0 | 2.3 1987 | -.3 1.4 .1 .5 .8 .4 .7 .5 .6 1.6 .6 .6 | 6.0 7.0 7.2 11.4 | 5.7 1988 | -.2 .1 .3 .8 -.1 .1 .1 .1 .4 .6 .3 .4 | 2.4 4.3 1.4 5.0 | 5.3 | | | 1989 | .7 -1.0 -.1 .1 -.8 .1 -1.1 1.0 -.3 -.2 .2 .2 | 1.7 -3.2 -2.9 .6 | .8 1990 | -.2 1.4 .4 -.2 .1 .2 -.2 .3 .0 -.8 -1.1 -.7 | 4.5 2.6 .8 -6.5 | .8 1991 | -.8 -.7 -.6 .3 .7 1.1 .2 .3 1.1 -.2 -.2 -.1 | -9.0 2.3 7.4 1.8 | -1.9 1992 | -.5 .8 .9 .5 .6 .3 .8 -.4 .1 .6 .4 -.1 | .7 8.1 4.2 2.8 | 3.8 1993 | 1.1 .1 -.2 .6 -.1 -.1 .3 -.1 .6 .8 .4 .6 | 4.6 1.6 1.7 7.2 | 3.7 | | | 1994 | .3 .1 1.3 .8 .7 .3 .5 .7 .4 1.0 .8 1.2 | 5.5 9.2 6.0 10.1 | 6.1 1995 | .4 .0 .2 -.2 .0 .4 -.6 1.2 .9 -.1 .1 .3 | 6.4 .4 3.1 4.4 | 5.5 1996 | -.9 1.5 -.3 1.1 .7 1.1 .3 .6 .7 .0 .9 .9 | 1.1 9.6 7.6 6.5 | 4.6 1997 | .1 1.4 1.1 -.3 .8 .6 .4 1.5 .9 .8 1.2 .5 | 9.8 6.6 10.0 12.1 | 8.5 1998 | .8 .0 -.2 .6 .5 -.6 -.4 2.6 -.3 .9 .2 .5 | 6.3 2.8 4.1 7.5 | 6.9 | | | 1999 | .4 .8 -.1 .3 1.0 -.3 .5 .7 -.3 1.6 .8 .8 | 5.4 4.5 4.1 9.9 | 5.4 2000 | .2 .3 .7 .7 .0 .2 -.1 -.6 .5 -.4 -.4 -.7 | 5.8 5.8 -.7 -3.2 | 4.8 2001 | -.6 -.6 -.4 -.3 -.7 -.6 -.3 -.7 -.3 -.7 -.3 .2 | -6.6 -5.7 -6.2 -5.0 | -4.2 2002 | .4 .1 .8 .1 .6 1.1 -.4 .4 .1 -.5 .4 -.4 | 3.1 5.8 3.1 -.8 | .0 2003 | .5 .0 .2 -.9 -.1 .6 .1 -.2 .7 -.1 1.0 -.1 | 1.7 -2.3 2.2 3.7 | 1.1 | | | 2004 | .0 .7 -.1 .6 .6 -.7 .8 .6 -.3 .7 .0 .6 | 2.9 3.7 3.5 3.7 | 2.9 2005 | .5 .6 -.2 .2 .6 .4 .1 .4 -.8 1.5 .9 .4 | 5.1 3.1 1.9 7.5 | 3.9 2006 | .8 -.2 .4 1.0 -.2 .9 .4 .4 .0 -.8 -.2 1.1 | 5.5 5.5 4.4 -1.7 | 4.6 2007 | -.6 -.1 .7 .4 .1 .7 .7 -.3 | .8 4.4 | | | | IP | | | (2002 = 100) | | | 2005 | 106.4 107.0 106.7 106.9 107.6 108.0 108.1 108.4 107.5 109.2 110.1 110.6 | 106.7 107.5 108.0 110.0 | 108.0 2006 | 111.5 111.2 111.7 112.8 112.6 113.5 113.9 114.3 114.3 113.4 113.2 114.4 | 111.5 113.0 114.2 113.7 | 113.0 2007 | 113.7 113.6 114.4 114.8 114.9 115.7 116.6 116.3 | 113.9 115.2 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 136.0 136.2 136.3 136.5 136.6 136.9 137.1 137.3 137.6 137.9 138.2 138.6 | 136.2 136.6 137.4 138.2 | 137.1 2006 | 138.9 139.2 139.5 139.9 140.2 140.5 140.8 141.1 141.3 141.6 141.9 142.2 | 139.2 140.2 141.1 141.9 | 140.6 2007 | 142.5 142.7 143.0 143.2 143.5 143.7 143.9 144.2 | 142.7 143.5 | | | | Utilization | | | (percent) | | | 1985 | 79.1 78.6 79.0 78.5 78.4 78.3 77.7 78.0 77.9 77.6 77.9 78.2 | 78.9 78.4 77.9 77.9 | 78.3 1986 | 78.9 78.3 78.0 78.2 78.3 77.9 78.2 78.3 78.4 78.5 78.8 79.3 | 78.4 78.1 78.3 78.9 | 78.4 1987 | 78.9 79.9 79.7 79.9 80.4 80.5 80.9 81.1 81.4 82.5 82.9 83.2 | 79.5 80.3 81.1 82.9 | 80.9 1988 | 83.0 83.0 83.2 83.9 83.7 83.8 83.8 83.9 84.1 84.5 84.7 84.9 | 83.1 83.8 83.9 84.7 | 83.9 | | | 1989 | 85.4 84.4 84.2 84.1 83.2 83.2 82.1 82.6 82.2 81.9 81.9 81.8 | 84.7 83.5 82.3 81.9 | 83.1 1990 | 81.5 82.5 82.6 82.2 82.2 82.2 81.9 81.9 81.8 81.0 79.9 79.2 | 82.2 82.2 81.8 80.0 | 81.6 1991 | 78.4 77.7 77.1 77.2 77.7 78.4 78.5 78.6 79.3 79.0 78.7 78.5 | 77.7 77.8 78.8 78.8 | 78.3 1992 | 78.0 78.5 79.0 79.3 79.6 79.7 80.2 79.7 79.5 79.8 79.9 79.6 | 78.5 79.5 79.8 79.8 | 79.4 1993 | 80.3 80.3 80.0 80.3 80.1 79.9 80.1 79.9 80.2 80.8 80.9 81.3 | 80.2 80.1 80.0 81.0 | 80.3 | | | 1994 | 81.3 81.2 82.1 82.5 82.7 82.7 82.8 83.1 83.1 83.6 83.9 84.6 | 81.5 82.6 83.0 84.0 | 82.8 1995 | 84.6 84.2 84.0 83.5 83.1 83.1 82.2 82.7 83.1 82.6 82.3 82.1 | 84.3 83.2 82.7 82.3 | 83.1 1996 | 81.0 81.8 81.2 81.7 81.8 82.3 82.0 82.1 82.3 81.8 82.2 82.5 | 81.3 81.9 82.2 82.2 | 81.9 1997 | 82.1 82.8 83.3 82.5 82.7 82.7 82.4 83.2 83.3 83.4 83.8 83.6 | 82.8 82.6 83.0 83.6 | 83.0 1998 | 83.6 83.0 82.3 82.2 82.1 81.0 80.2 81.8 81.1 81.4 81.1 81.1 | 83.0 81.8 81.0 81.2 | 81.7 | | | 1999 | 81.0 81.2 80.8 80.7 81.1 80.5 80.5 80.7 80.0 80.9 81.1 81.4 | 81.0 80.7 80.4 81.1 | 80.8 2000 | 81.1 81.0 81.2 81.4 81.0 80.8 80.4 79.6 79.7 79.0 78.4 77.6 | 81.1 81.1 79.9 78.3 | 80.1 2001 | 76.9 76.2 75.7 75.3 74.6 73.9 73.5 72.9 72.5 71.9 71.6 71.7 | 76.3 74.6 73.0 71.7 | 73.9 2002 | 71.9 71.9 72.4 72.4 72.8 73.6 73.2 73.5 73.6 73.3 73.6 73.3 | 72.0 72.9 73.5 73.4 | 73.0 2003 | 73.7 73.8 74.1 73.5 73.5 74.0 74.1 74.0 74.6 74.5 75.3 75.2 | 73.9 73.6 74.2 75.0 | 74.2 | | | 2004 | 75.3 75.8 75.7 76.2 76.6 76.1 76.7 77.2 76.9 77.4 77.4 77.8 | 75.6 76.3 76.9 77.6 | 76.6 2005 | 78.2 78.6 78.3 78.4 78.7 78.9 78.8 79.0 78.1 79.2 79.7 79.8 | 78.4 78.7 78.6 79.6 | 78.8 2006 | 80.3 79.9 80.1 80.7 80.3 80.8 80.9 81.1 80.9 80.1 79.8 80.5 | 80.1 80.6 80.9 80.1 | 80.4 2007 | 79.8 79.6 80.0 80.2 80.1 80.5 81.0 80.7 | 79.8 80.3 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 13 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Excluding Selected High-Technology Industries Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 1985 | -.3 .5 .2 -.1 .1 .0 -.5 .4 .5 -.4 .3 1.1 | .9 1.1 -.2 2.6 | 1.0 1986 | .5 -.8 -.7 .0 .1 -.2 .3 -.2 .2 .4 .4 .8 | 2.3 -2.7 .5 4.0 | .9 1987 | -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 | 4.4 6.4 6.1 9.0 | 4.3 1988 | .0 .4 .2 .5 -.2 .2 .1 .5 -.4 .5 .2 .4 | 3.0 2.7 1.4 2.9 | 4.4 | | | 1989 | .3 -.5 .3 -.1 -.7 .0 -1.1 .9 -.3 -.2 .3 .7 | 1.8 -2.0 -3.3 1.0 | .6 1990 | -.7 .9 .4 -.2 .1 .2 -.2 .3 .1 -.8 -1.2 -.7 | 2.2 2.3 1.0 -6.5 | .3 1991 | -.5 -.8 -.6 .2 1.0 1.0 .0 .1 .9 -.2 -.2 -.5 | -8.1 2.2 5.4 .4 | -2.0 1992 | -.8 .7 .7 .6 .3 -.1 .8 -.6 .2 .6 .3 .0 | -1.9 6.1 1.8 2.9 | 1.9 1993 | .5 .3 -.1 .3 -.4 .2 .3 -.1 .4 .7 .3 .5 | 3.0 .4 1.6 5.1 | 2.5 | | | 1994 | .4 .0 .9 .3 .4 .6 .1 .3 .0 .6 .4 .9 | 4.2 5.4 3.3 5.5 | 4.0 1995 | .2 -.2 -.2 -.3 .0 .1 -.5 1.1 .1 -.5 .1 .2 | 3.0 -1.4 1.5 .4 | 2.4 1996 | -1.0 1.4 -.4 .8 .4 .7 -.5 .4 .4 -.2 .8 .5 | -.3 6.0 2.2 3.4 | 1.7 1997 | -.1 .8 .5 -.4 .3 .2 .3 1.0 .7 .7 .7 .2 | 5.0 2.1 6.0 8.3 | 4.2 1998 | .2 -.1 -.1 .2 .5 -.9 -.8 2.0 -.6 .5 -.3 .0 | 1.7 1.0 -.2 2.2 | 3.1 | | | 1999 | .2 .2 -.1 -.2 .6 -.5 .3 .4 -.5 1.2 .3 .6 | .9 .3 1.2 5.5 | 1.2 2000 | -.3 .0 .1 .4 .0 -.1 -.5 -.4 .4 -.6 -.2 -.5 | .7 1.7 -2.9 -3.0 | 1.1 2001 | -.7 -.5 -.4 -.1 -.6 -.4 -.3 -.3 -.5 -.6 -.5 -.1 | -6.4 -4.1 -4.3 -5.3 | -4.1 2002 | .7 .1 .8 .4 .4 .9 -.3 .1 .0 -.4 .3 -.6 | 2.9 6.1 1.7 -1.3 | .1 2003 | .5 .2 -.3 -.8 -.1 .2 .3 -.1 .5 -.1 .8 -.1 | 1.0 -4.0 1.7 2.7 | .2 | | | 2004 | .1 .6 -.6 .7 .6 -.8 .7 .2 -.2 .7 .2 .6 | 1.9 2.6 1.6 4.0 | 1.9 2005 | .2 .5 -.2 -.1 .3 .6 -.1 .2 -1.9 1.0 1.0 .8 | 3.8 1.5 -.5 3.0 | 2.5 2006 | -.1 .2 .4 .7 -.2 .8 .3 .1 -.5 -.3 -.5 .6 | 4.5 5.2 2.9 -2.7 | 2.8 2007 | -.5 .8 -.2 .5 -.2 .5 .4 .2 | .6 2.9 | | | | IP | | | (2002 = 100) | | | 2005 | 103.9 104.4 104.2 104.2 104.4 105.1 105.0 105.2 103.2 104.2 105.3 106.2 | 104.2 104.6 104.4 105.2 | 104.6 2006 | 106.1 106.3 106.8 107.6 107.4 108.3 108.6 108.7 108.2 107.9 107.4 108.0 | 106.4 107.7 108.5 107.8 | 107.5 2007 | 107.4 108.3 108.1 108.6 108.5 109.0 109.4 109.6 | 107.9 108.7 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 129.7 129.7 129.7 129.7 129.6 129.7 129.7 129.7 129.8 129.9 130.0 130.1 | 129.7 129.7 129.7 130.0 | 129.8 2006 | 130.2 130.4 130.5 130.7 130.8 131.0 131.2 131.3 131.5 131.6 131.8 131.9 | 130.4 130.8 131.3 131.8 | 131.1 2007 | 132.0 132.1 132.2 132.3 132.4 132.5 132.5 132.6 | 132.1 132.4 | | | | Utilization | | | (percent) | | | 1985 | 79.7 79.9 79.9 79.7 79.6 79.5 78.9 79.1 79.4 79.0 79.1 79.8 | 79.8 79.6 79.1 79.3 | 79.5 1986 | 80.2 79.4 78.8 78.8 78.8 78.6 78.8 78.5 78.6 78.8 79.1 79.6 | 79.5 78.7 78.6 79.2 | 79.0 1987 | 79.2 80.1 80.1 80.4 80.8 81.1 81.4 81.8 81.9 83.0 83.3 83.6 | 79.8 80.8 81.7 83.3 | 81.4 1988 | 83.6 83.9 84.0 84.4 84.2 84.3 84.4 84.8 84.4 84.8 84.9 85.2 | 83.8 84.3 84.5 85.0 | 84.4 | | | 1989 | 85.4 84.9 85.1 84.9 84.2 84.0 83.0 83.6 83.2 82.9 83.0 83.4 | 85.1 84.3 83.3 83.1 | 84.0 1990 | 82.7 83.3 83.5 83.2 83.2 83.3 83.0 83.1 83.1 82.4 81.2 80.5 | 83.2 83.2 83.1 81.4 | 82.7 1991 | 80.0 79.3 78.7 78.8 79.5 80.1 80.1 80.0 80.6 80.4 80.1 79.6 | 79.4 79.5 80.2 80.1 | 79.8 1992 | 79.0 79.4 79.9 80.4 80.5 80.3 80.9 80.3 80.4 80.8 81.0 80.9 | 79.4 80.4 80.5 80.9 | 80.3 1993 | 81.2 81.4 81.3 81.4 81.0 81.1 81.3 81.2 81.4 81.9 82.1 82.4 | 81.3 81.2 81.3 82.1 | 81.5 | | | 1994 | 82.6 82.5 83.1 83.2 83.5 83.8 83.8 83.9 83.8 84.2 84.4 85.0 | 82.7 83.5 83.8 84.5 | 83.6 1995 | 85.0 84.7 84.4 84.0 83.8 83.8 83.2 83.9 83.9 83.3 83.2 83.2 | 84.7 83.9 83.6 83.2 | 83.9 1996 | 82.2 83.2 82.7 83.2 83.4 83.8 83.2 83.4 83.5 83.1 83.6 83.8 | 82.7 83.4 83.4 83.5 | 83.3 1997 | 83.4 83.9 84.1 83.5 83.4 83.3 83.3 83.8 84.1 84.4 84.7 84.5 | 83.8 83.4 83.7 84.5 | 83.9 1998 | 84.3 84.0 83.6 83.6 83.8 82.8 82.0 83.3 82.6 82.8 82.4 82.2 | 84.0 83.4 82.7 82.5 | 83.1 | | | 1999 | 82.2 82.1 81.8 81.5 81.8 81.3 81.4 81.5 81.0 81.8 81.9 82.2 | 82.1 81.6 81.3 81.9 | 81.7 2000 | 81.8 81.7 81.6 81.8 81.7 81.5 81.0 80.6 80.8 80.2 80.0 79.5 | 81.7 81.7 80.8 79.9 | 81.0 2001 | 78.8 78.3 77.9 77.8 77.3 76.9 76.6 76.3 75.8 75.3 74.9 74.7 | 78.4 77.3 76.2 75.0 | 76.7 2002 | 75.2 75.2 75.7 75.9 76.2 76.9 76.7 76.7 76.8 76.5 76.8 76.4 | 75.3 76.4 76.7 76.6 | 76.3 2003 | 76.9 77.1 77.0 76.4 76.4 76.6 76.8 76.8 77.2 77.1 77.7 77.7 | 77.0 76.4 76.9 77.5 | 77.0 | | | 2004 | 77.7 78.2 77.7 78.2 78.7 78.1 78.6 78.8 78.6 79.2 79.4 79.9 | 77.9 78.4 78.7 79.5 | 78.6 2005 | 80.1 80.5 80.4 80.3 80.6 81.1 80.9 81.1 79.5 80.2 81.0 81.6 | 80.3 80.6 80.5 80.9 | 80.6 2006 | 81.5 81.5 81.8 82.3 82.1 82.7 82.8 82.8 82.3 82.0 81.5 81.9 | 81.6 82.3 82.6 81.8 | 82.1 2007 | 81.4 81.9 81.8 82.1 81.9 82.3 82.5 82.6 | 81.7 82.1 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components. Table 14 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Excluding Selected High-Technology Industries Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <2> | | | 1985 | -.5 -.3 .9 -.2 .1 .1 -.4 .6 .2 -.3 .6 .4 | -.2 1.7 .7 2.5 | 1.4 1986 | 1.2 -.7 -.3 .4 .1 -.2 .2 .2 .2 .3 .4 .8 | 4.7 -.3 1.2 4.3 | 2.2 1987 | -.5 1.4 .1 .4 .7 .3 .6 .3 .5 1.5 .5 .5 | 4.7 5.9 5.7 10.4 | 4.6 1988 | -.2 .2 .2 .8 -.2 .0 .0 .1 .3 .5 .3 .4 | 1.9 3.5 .5 4.6 | 4.4 | | | 1989 | .8 -1.1 -.1 .0 -.9 .1 -1.3 .9 -.3 -.3 .1 .1 | 2.0 -3.6 -4.0 -.4 | .4 1990 | -.3 1.4 .3 -.3 .1 .2 -.2 .3 -.1 -.8 -1.2 -.8 | 3.7 2.0 .3 -7.2 | .0 1991 | -.8 -.8 -.8 .4 .6 1.1 .3 .2 1.1 -.2 -.3 -.3 | -9.8 1.5 7.1 1.0 | -2.6 1992 | -.8 .8 .9 .4 .5 .1 .7 -.5 .0 .4 .3 -.2 | -1.2 6.9 2.6 1.5 | 2.6 1993 | 1.1 .0 -.3 .5 -.1 -.2 .3 -.2 .5 .7 .3 .5 | 3.8 .8 .6 5.7 | 2.6 | | | 1994 | .1 .0 1.2 .6 .5 .2 .3 .5 .1 .7 .6 .9 | 3.9 7.1 3.9 6.7 | 4.4 1995 | .2 -.3 -.1 -.4 -.2 .2 -.8 .9 .6 -.4 -.1 .1 | 3.0 -2.5 .3 .8 | 2.5 1996 | -1.2 1.3 -.5 1.0 .4 .8 -.1 .4 .5 -.4 .8 .7 | -1.7 6.8 4.1 3.2 | 1.5 1997 | -.2 1.0 .9 -.7 .5 .4 .1 1.3 .7 .6 .9 .2 | 6.0 2.6 6.6 8.8 | 4.9 1998 | .5 -.1 -.3 .4 .4 -1.1 -.9 2.4 -.7 .7 -.1 .2 | 3.0 .0 -.6 4.0 | 3.5 | | | 1999 | .0 .5 -.5 -.1 .8 -.7 .0 .6 -.5 1.4 .4 .4 | .9 .2 .4 6.9 | 1.4 2000 | -.3 -.1 .3 .3 -.4 .0 -.4 -.8 .4 -.6 -.6 -.9 | .5 .9 -3.5 -5.0 | .8 2001 | -.6 -.5 -.4 -.1 -.6 -.5 -.1 -.7 -.4 -.7 -.3 .1 | -7.5 -4.1 -4.7 -5.2 | -4.9 2002 | .5 .0 .8 .1 .6 1.0 -.5 .3 .0 -.6 .3 -.6 | 3.4 5.4 2.4 -2.0 | .1 2003 | .4 -.2 .2 -1.0 -.1 .5 .0 -.3 .7 -.2 1.0 -.3 | .1 -3.1 1.2 3.0 | .0 | | | 2004 | -.2 .6 -.2 .7 .6 -.7 .8 .6 -.4 .7 .0 .5 | 1.3 3.9 3.3 3.4 | 2.2 2005 | .4 .5 -.3 .0 .5 .3 -.1 .2 -1.1 1.4 .8 .4 | 4.1 1.6 .4 5.5 | 3.0 2006 | .8 -.3 .3 .8 -.4 .8 .3 .2 -.3 -.9 -.2 1.1 | 4.9 3.8 3.0 -3.3 | 3.2 2007 | -.7 -.1 .7 .3 .0 .6 .6 -.3 | .3 3.7 | | | | IP | | | (2002 = 100) | | | 2005 | 104.3 104.8 104.5 104.5 105.0 105.3 105.3 105.5 104.3 105.8 106.6 107.0 | 104.5 104.9 105.0 106.5 | 105.2 2006 | 107.9 107.5 107.8 108.7 108.3 109.2 109.5 109.7 109.4 108.4 108.2 109.3 | 107.7 108.7 109.5 108.6 | 108.6 2007 | 108.5 108.4 109.2 109.5 109.5 110.1 110.8 110.4 | 108.7 109.7 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2005 | 132.6 132.6 132.7 132.7 132.8 132.8 132.9 133.0 133.1 133.3 133.4 133.6 | 132.6 132.8 133.0 133.4 | 133.0 2006 | 133.7 133.9 134.0 134.2 134.3 134.5 134.7 134.8 135.0 135.1 135.2 135.4 | 133.9 134.3 134.8 135.2 | 134.6 2007 | 135.5 135.6 135.7 135.8 135.9 136.0 136.1 136.2 | 135.6 135.9 | | | | Utilization | | | (percent) | | | 1985 | 78.6 78.3 78.8 78.5 78.4 78.3 77.9 78.2 78.2 77.9 78.3 78.5 | 78.6 78.4 78.1 78.2 | 78.3 1986 | 79.4 78.8 78.4 78.7 78.7 78.4 78.5 78.6 78.7 78.8 79.0 79.6 | 78.9 78.6 78.6 79.1 | 78.8 1987 | 79.1 80.1 80.0 80.2 80.7 80.8 81.2 81.4 81.7 82.9 83.3 83.6 | 79.7 80.6 81.4 83.2 | 81.2 1988 | 83.4 83.5 83.7 84.3 84.1 84.2 84.1 84.2 84.4 84.8 85.0 85.3 | 83.5 84.2 84.2 85.0 | 84.3 | | | 1989 | 85.9 84.9 84.7 84.6 83.7 83.7 82.4 83.0 82.7 82.2 82.2 82.2 | 85.2 84.0 82.7 82.2 | 83.5 1990 | 81.8 82.8 82.9 82.6 82.5 82.5 82.2 82.3 82.1 81.3 80.2 79.5 | 82.5 82.5 82.2 80.3 | 81.9 1991 | 78.7 77.9 77.2 77.4 77.8 78.6 78.7 78.7 79.5 79.3 78.9 78.6 | 78.0 77.9 79.0 78.9 | 78.4 1992 | 77.9 78.4 79.0 79.3 79.6 79.7 80.2 79.7 79.6 79.8 80.0 79.7 | 78.4 79.5 79.8 79.8 | 79.4 1993 | 80.4 80.4 80.1 80.4 80.2 80.0 80.1 79.9 80.2 80.7 80.9 81.2 | 80.3 80.2 80.1 81.0 | 80.4 | | | 1994 | 81.2 81.2 82.0 82.4 82.7 82.7 82.8 83.1 83.1 83.5 83.8 84.5 | 81.5 82.6 83.0 83.9 | 82.8 1995 | 84.4 84.0 83.7 83.2 82.9 82.9 82.0 82.6 82.9 82.3 82.0 81.9 | 84.0 83.0 82.5 82.1 | 82.9 1996 | 80.8 81.7 81.1 81.7 81.9 82.4 82.2 82.3 82.4 81.9 82.3 82.6 | 81.2 82.0 82.3 82.3 | 81.9 1997 | 82.2 82.8 83.2 82.3 82.4 82.4 82.1 82.9 83.1 83.2 83.6 83.5 | 82.7 82.4 82.7 83.4 | 82.8 1998 | 83.5 83.1 82.5 82.6 82.6 81.4 80.5 82.1 81.3 81.6 81.3 81.2 | 83.1 82.2 81.3 81.4 | 82.0 | | | 1999 | 81.0 81.2 80.6 80.3 80.7 80.0 79.8 80.2 79.5 80.5 80.7 80.8 | 80.9 80.3 79.8 80.7 | 80.4 2000 | 80.4 80.2 80.3 80.4 79.9 79.8 79.3 78.6 78.8 78.2 77.7 76.9 | 80.3 80.0 78.9 77.6 | 79.2 2001 | 76.3 75.8 75.5 75.4 74.9 74.5 74.4 73.8 73.5 73.0 72.8 72.9 | 75.9 74.9 73.9 72.9 | 74.4 2002 | 73.3 73.3 73.9 73.9 74.4 75.2 74.8 75.1 75.2 74.8 75.0 74.6 | 73.5 74.5 75.0 74.8 | 74.5 2003 | 75.0 74.9 75.1 74.5 74.4 74.9 74.9 74.7 75.3 75.2 76.0 75.8 | 75.0 74.6 75.0 75.7 | 75.1 | | | 2004 | 75.7 76.2 76.0 76.6 77.1 76.5 77.2 77.6 77.3 77.9 77.9 78.3 | 76.0 76.7 77.4 78.1 | 77.0 2005 | 78.7 79.0 78.8 78.7 79.1 79.3 79.2 79.3 78.4 79.4 79.9 80.1 | 78.8 79.0 79.0 79.8 | 79.2 2006 | 80.7 80.3 80.5 81.0 80.6 81.2 81.3 81.4 81.1 80.3 80.0 80.7 | 80.5 80.9 81.3 80.3 | 80.8 2007 | 80.1 80.0 80.4 80.6 80.6 81.0 81.4 81.0 | 80.2 80.7 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components. Explanatory Note The Industrial Production and Capacity Utilization statistical release, which is published around the middle of the month, reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. More detailed descriptions of industrial production and capacity utilization are available at www.federalreserve.gov/releases/G17 at the Board's World Wide Web site. In addition, files containing data shown in the release, more detailed series that were published in the G.17 prior to December 2000, and historical data are available at the Board's Web site. Instructions for searching for and downloading specific series are provided as well. For paid access to the data files through the Department of Commerce's Economic Bulletin Board or World Wide Web site, please call STAT-USA at 1-800-STAT-USA or 202-452-1986. Diskettes containing historical data and the data published in this release also are available from the Board of Governors of the Federal Reserve System, Publications Services, 202-452-3245. Industrial Production Coverage. The industrial production (IP) index measures the real output of the manufacturing, mining, and electric and gas utilities industries; the reference period for the index is 2002. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, definition of manufacturing plus those industries-logging and newspaper, periodical, book and directory publishing-that have traditionally been considered to be manufacturing and included in the industrial sector. For the period since 1997, the total IP index has been constructed from 300 individual series