FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EDT) October 16, 2007 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production increased 0.1 percent in September after having been unchanged in August. At 114.4 percent of its 2002 average, total industrial production in September was 1.9 percent above its year-earlier level. For the third quarter as a whole, industrial production rose at an annual rate of 4.0 percent, a pace that was 1/2 percentage point faster than in the previous quarter. Output in the manufacturing sector rose 0.1 percent in September after a decline of 0.4 percent in August. The output of utilities edged down 0.1 percent in September after a surge in August; the output at mines expanded 0.2 percent in September. Capacity utilization for total industry was unchanged, at 82.1 percent, a rate just 0.1 percentage point above its year-earlier level but 1.1 percentage points above its 1972-2006 average. Market Groups ------------- The output of consumer goods fell 0.3 percent in September; the decrease was led by both a decline in the production of consumer durables and a pullback in the output of consumer energy products. Among durable consumer goods, the production index for automotive products fell 2.8 percent, in part because of a recent strike at a major motor vehicle manufacturer. Elsewhere, the production indexes for home electronics and for appliances, furniture, and carpeting changed little, and the output of miscellaneous durable goods declined 0.4 percent. The production of nondurable non-energy consumer goods increased 0.1 percent, as a third consecutive month of gains in the index for consumer chemical products and a bounceback in the production of paper products more than offset lower output of foods and tobacco. After a jump in August, the index for consumer energy goods decreased last month, as gasoline output fell. The index for business equipment rose 0.4 percent in September. The output of transit equipment edged up 0.2 percent. Gains in the production of civilian aircraft and related equipment offset lower motor vehicle assemblies. The index for information processing equipment climbed 0.8 percent, and the index for industrial and other equipment increased 0.4 percent. Gains within both of these groups were widespread. For the third quarter as a whole, the output of business equipment rose at an annual rate of 7.0 percent, a pickup of 1-1/4 percentage points from the previous quarter. The output of defense and space equipment moved higher in September; the increase of 5.1 percent (annual rate) for the third quarter as a whole marked the first quarterly gain for this index since the third quarter of 2006. In September, construction supplies declined 0.2 percent for a third consecutive month; the index is 0.7 percent below its year-earlier level. The index for business supplies rose 0.3 percent in September because of higher output of non-energy business supplies; commercial energy products edged down. The production of materials increased 0.2 percent in September. Within non-energy materials, the index for durable materials edged up 0.1 percent; a drop in consumer parts that reflected lower output of motor vehicle parts was offset by gains in the indexes for equipment parts and for other parts. Among nondurable materials, gains in the output of chemicals more than offset declines in the output of textiles and of paper. The output of energy materials climbed 0.4 percent. Industry Groups --------------- Manufacturing output increased 0.1 percent in September. The factory operating rate declined 0.1 percentage point, to 80.4 percent, a rate that is 0.6 percentage point above its 1972-2006 average. The production of durable goods dipped 0.1 percent. Decreases were recorded in motor vehicles and parts, wood products, nonmetallic mineral products, and furniture and related products, whereas increases occurred in miscellaneous manufacturing; electrical equipment, appliances, and components; aerospace and miscellaneous transportation equipment; primary metals; fabricated metal products; computer and electronic products; and machinery. The production of nondurable goods moved up 0.1 percent. Increases in the indexes for chemicals, for printing and support, and for apparel and leather more than offset declines elsewhere. The output of non-NAICS industries (logging and publishing) climbed 0.9 percent. The output of utilities was little changed in September. The output of natural gas utilities decreased 0.2 percent; the output of electric utilities was unchanged. The operating rate at utilities decreased 0.2 percentage point, to 87.8 percent, a rate 1.1 percentage points above its 1972-2006 average. The output of mines increased 0.2 percent, and the capacity utilization rate for mining rose to 90.6 percent, a rate 3.2 percentage points above its long-run average. By stage of process, the capacity utilization for industries at the crude stage climbed 0.6 percentage point in September, to 90.3 percent, a rate nearly 4 percentage points above its 1972-2006 average. In contrast, the operating rate for industries at the primary and semifinished stages decreased 0.2 percentage point, to 82.7 percent, just 0.5 percentage point above its long-run average. The operating rate for industries at the finished stage decreased 0.1 percentage point, to 78.6 percent, 0.8 percentage point above its long-run average. 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 data 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, later 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. The new longer reporting window will allow the incorporation of additional lagging data prior to an annual revision. The longer reporting window will cause the latest month of data shown for a few indexes to be as many as five months earlier than the latest value for aggregate industrial production; data for detailed production indexes are not shown in the supplement to the G.17 until either the underlying data are available or the reporting window is closed. Currently, the data issued for only one or two of the published indexes would be affected by this change. 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 | Sept. '06 to Industrial production | June July Aug. Sept. | June July Aug. Sept. | Sept. '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 113.5 114.2 114.3 114.4 | .5 .6 .0 .1 | 1.9 Previous estimates | 113.6 114.2 114.4 | .6 .5 .2 | | | | Major market groups | | | Final Products | 114.7 115.4 115.2 115.1 | .6 .7 -.2 -.1 | 2.1 Consumer goods | 109.2 109.8 109.8 109.4 | .4 .5 -.1 -.3 | 1.6 Business equipment | 132.2 133.9 133.2 133.8 | .8 1.3 -.5 .4 | 4.1 Nonindustrial supplies | 111.2 111.2 111.7 111.8 | .4 .0 .4 .2 | 1.1 Construction | 110.2 109.9 109.7 109.5 | 1.0 -.2 -.2 -.2 | -.7 Materials | 113.2 114.2 114.3 114.6 | .4 .9 .2 .2 | 2.1 | | | Major industry groups | | | Manufacturing (see note below) | 115.7 116.6 116.1 116.2 | .6 .8 -.4 .1 | 1.6 Previous estimates | 115.7 116.6 116.3 | .7 .7 -.3 | Mining | 100.4 101.4 100.8 101.0 | .5 1.0 -.6 .2 | -.1 Utilities | 107.3 106.4 111.3 111.3 | -.7 -.9 4.6 -.1 | 6.4 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1994-95 2001-02 2006 | 2007 | Sept. '06 to Capacity utilization | 1972-2006 High Low Sept. | June July Aug. Sept. | Sept. '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.0 85.1 73.6 82.0 | 81.8 82.2 82.1 82.1 | 1.9 Previous estimates | | 81.8 82.2 82.2 | | | | Manufacturing (see note below) | 79.8 84.6 71.6 80.9 | 80.5 81.0 80.5 80.4 | 2.2 Previous estimates | | 80.5 81.0 80.7 | Mining | 87.4 88.9 84.8 91.2 | 90.1 91.0 90.4 90.6 | .5 Utilities | 86.7 93.7 83.8 83.9 | 85.0 84.1 88.0 87.8 | 1.7 | | | Stage-of-process groups | | | Crude | 86.5 89.5 82.0 89.6 | 89.3 90.0 89.7 90.3 | .4 Primary and semifinished | 82.2 88.2 74.6 83.5 | 82.3 82.5 82.9 82.7 | 2.4 Finished | 77.8 80.5 70.0 78.0 | 78.8 79.3 78.7 78.6 | 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 | | | |---------------------|----------------------------|----------------------------| Sept. '06 | | 2006 | | 2006 2007 | 2007 | to Item | NAICS |Proportion<1>| 2004 2005 2006 | Q4 Q1 Q2 r Q3 | June July Aug. Sept. | Sept. '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 3.0 3.2 3.5 | -1.5 1.1 3.5 4.0 | .5 .6 .0 .1 | 1.9 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 57.43 | 2.6 4.8 2.6 | -.3 1.5 2.9 3.0 | .5 .5 .0 .0 | 1.8 Consumer goods | | 29.36 | 1.8 2.7 1.1 | -.1 3.4 2.3 2.0 | .4 .5 -.1 -.3 | 1.6 Durable | | 7.16 | -.2 2.3 -2.5 | -4.0 -.7 12.8 1.7 | 1.8 .6 -1.2 -1.4 | 1.1 Automotive products | | 3.33 | -3.2 -1.8 -4.6 | -3.4 .4 20.2 1.2 | 3.0 1.1 -2.2 -2.8 | 1.7 Home electronics | | .36 | 14.2 16.8 13.1 | 8.1 40.8 21.6 -3.6 | .4 -.8 -.4 .1 | 13.8 Appliances, furniture, carpeting | | 1.23 | 2.2 3.1 -4.7 | -8.4 -8.2 4.2 -1.7 | -.2 -.2 -.5 -.1 | -3.1 Miscellaneous goods | | 2.24 | 2.1 6.4 -.6 | -4.4 -4.0 5.4 5.3 | 1.2 .6 -.2 -.4 | .2 Nondurable | | 22.19 | 2.6 2.9 2.2 | 1.2 4.7 -.8 2.2 | -.1 .5 .3 .0 | 1.8 Non-energy | | 16.90 | 2.2 3.4 2.7 | 4.4 2.1 1.2 1.4 | .2 .7 -.6 .1 | 1.9 Foods and tobacco | | 9.18 | 2.3 4.8 2.2 | 7.0 4.3 2.9 -.5 | .4 .4 -1.0 -.3 | 2.3 Clothing | | .59 | -10.5 -.3 .7 | -2.6 1.3 -1.5 -7.5 | -1.2 .0 -2.0 .1 | -2.3 Chemical products | | 4.83 | 3.8 .9 3.8 | -1.4 -2.2 -3.3 7.0 | -.4 1.7 .5 .5 | .4 Paper products | | 1.79 | 3.2 2.2 3.3 | 9.8 2.2 3.9 1.1 | .7 .2 -.8 1.0 | 4.1 Energy | | 5.29 | 3.7 1.7 .7 | -8.0 13.5 -7.5 4.8 | -.8 -.4 3.6 -.4 | 1.8 | | | | | | Business equipment | | 9.95 | 5.3 11.2 9.7 | 5.0 -1.3 5.8 7.0 | .8 1.3 -.5 .4 | 4.1 Transit | | 2.03 | 6.0 20.5 16.9 | 11.2 -1.2 -1.3 8.1 | 2.4 .8 -.1 .2 | 4.3 Information processing | | 2.78 | 7.2 13.7 10.1 | 7.7 9.3 10.8 7.3 | .8 .4 .5 .8 | 9.0 Industrial and other | | 5.14 | 3.9 6.7 6.9 | 1.2 -6.9 6.0 6.4 | .2 2.0 -1.2 .4 | 1.5 Defense and space equipment | | 1.75 | 2.5 3.8 2.3 | -3.1 -1.2 -2.0 5.1 | 1.7 .1 -.1 .3 | -.3 | | | | | | Construction supplies | | 4.55 | 1.6 8.0 -2.1 | -8.9 -2.8 5.6 1.9 | 1.0 -.2 -.2 -.2 | -.7 Business supplies | | 11.02 | 2.9 3.4 2.4 | -1.0 .9 2.0 2.3 | .2 .1 .6 .3 | 1.8 | | | | | | Materials | | 42.57 | 3.4 1.1 4.7 | -3.1 .5 4.2 5.5 | .4 .9 .2 .2 | 2.1 Non-energy | | 30.80 | 4.8 3.5 4.5 | -4.0 .3 5.5 5.2 | .5 1.0 -.2 .1 | 1.7 Durable | | 19.15 | 5.4 7.0 5.6 | -3.9 -.1 7.3 8.3 | .7 1.4 -.1 .1 | 2.6 Consumer parts | | 3.30 | .2 1.7 -3.2 | -9.8 -1.9 7.6 -.5 | .7 .0 -.2 -2.0 | -2.3 Equipment parts | | 6.64 | 9.4 16.0 19.4 | 10.3 -1.9 5.2 18.6 | 1.7 3.1 .0 .3 | 6.4 Other | | 9.21 | 4.5 2.7 -.7 | -11.6 1.9 8.8 4.4 | .0 .7 -.1 .6 | 1.5 Nondurable | | 11.64 | 3.8 -2.1 2.6 | -4.2 1.0 2.7 .2 | .2 .3 -.5 .3 | .1 Textile | | .60 | -3.4 .2 -7.3 | -13.3 -9.8 -.7 -21.6 | -.7 -3.2 -3.6 -.4 | -11.5 Paper | | 2.30 | 3.9 -.2 2.5 | 2.8 -3.9 -4.5 -.9 | -1.3 1.1 -.2 -.3 | -2.4 Chemical | | 5.49 | 7.7 -6.5 4.7 | -10.2 7.5 4.3 2.7 | .4 .1 .1 .7 | 1.9 Energy | | 11.77 | -.2 -4.2 5.4 | -.7 1.0 .6 6.3 | .2 .5 1.2 .4 | 3.3 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 81.86 | 3.4 4.4 3.4 | -1.7 .8 4.3 4.0 | .6 .8 -.4 .1 | 1.6 Manufacturing (NAICS) | 31-33 | 77.70 | 3.5 4.6 3.6 | -2.1 1.0 4.4 4.3 | .6 .8 -.4 .0 | 1.6 | | | | | | Durable manufacturing | | 41.46 | 3.7 7.9 4.7 | -1.5 -.4 7.3 6.6 | 1.1 1.1 -.4 -.1 | 2.7 Wood products | 321 | 1.39 | 1.8 10.5 -14.5 | -25.5 -5.4 8.3 -3.1 | 1.6 -1.3 -.8 -2.1 | -6.8 Nonmetallic mineral products | 327 | 2.43 | 3.8 5.8 -1.9 | -9.3 -5.3 4.5 7.1 | 1.3 .9 .1 -.8 | .2 Primary metal | 331 | 3.25 | 7.4 -2.3 -3.5 | -28.2 10.1 13.5 4.8 | -1.3 2.1 -.7 .6 | -.1 Fabricated metal products | 332 | 5.63 | 1.6 6.1 3.8 | -1.4 -.2 5.2 5.9 | 1.2 .3 .3 .5 | 2.7 Machinery | 333 | 5.12 | 5.0 8.2 5.3 | -3.1 -9.4 3.0 5.4 | -.1 2.3 -1.6 .2 | -1.8 Computer and electronic products | 334 | 7.51 | 10.2 18.3 18.3 | 14.6 3.1 8.5 16.4 | 1.8 2.1 .5 .4 | 9.1 Electrical equipment, appliances, | | | | | | and components | 335 | 2.03 | 2.0 3.8 2.4 | -3.3 5.4 6.9 2.9 | .6 .6 -.8 1.4 | 5.2 Motor vehicles and parts | 3361-3 | 5.54 | -1.6 .2 -3.8 | -4.0 -7.5 13.3 .4 | 2.6 .7 -1.6 -3.3 | -2.2 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 3.76 | 2.0 15.0 14.7 | 9.0 10.3 4.0 10.9 | 1.8 .7 .7 .8 | 8.9 Furniture and related products | 337 | 1.57 | 3.5 1.7 -1.2 | -6.9 -8.6 .7 4.9 | 1.0 1.0 -.6 -.8 | -2.8 Miscellaneous | 339 | 3.22 | 2.2 8.7 4.8 | 7.9 1.6 8.8 2.6 | .3 .2 -.7 1.8 | 5.8 | | | | | | Nondurable manufacturing | | 36.24 | 3.2 .9 2.3 | -2.9 2.6 1.2 1.6 | .1 .5 -.4 .1 | .3 Food, beverage, and tobacco products | 311,2 | 10.80 | 1.2 5.3 2.6 | 7.4 3.9 4.0 -.3 | .5 .4 -1.0 -.3 | 2.5 Textile and product mills | 313,4 | 1.05 | -.7 2.0 -7.7 | -14.6 -8.4 2.7 -12.9 | .2 -1.7 -2.8 -.5 | -8.5 Apparel and leather | 315,6 | .64 | -9.6 .4 -.1 | -3.9 .3 -2.0 -8.3 | -1.1 -.3 -1.9 .1 | -3.1 Paper | 322 | 2.61 | 3.0 -.1 -.1 | -.4 -6.0 -1.5 -1.5 | -.6 .8 -.6 -.5 | -3.5 Printing and support | 323 | 2.05 | 1.9 1.9 5.2 | 8.4 3.1 -8.9 -2.5 | -.9 -.3 1.0 .7 | .3 Petroleum and coal products | 324 | 3.83 | 10.0 -3.6 2.6 | -13.4 8.8 -7.1 .3 | -.4 .1 -.3 -1.1 | -5.7 Chemical | 325 | 11.81 | 6.1 -2.5 3.8 | -7.5 1.3 1.8 6.4 | .1 .9 .3 1.0 | 1.4 Plastics and rubber products | 326 | 3.46 | .8 3.0 .2 | -8.9 6.7 8.6 3.8 | .4 .9 -.3 -.4 | 2.9 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 2.6 .6 .2 | 7.5 -1.9 2.3 -1.7 | .5 -.3 -.8 .9 | 2.0 | | | | | | Mining | 21 | 8.58 | -.8 -5.5 8.0 | 3.0 -4.8 .1 3.6 | .5 1.0 -.6 .2 | -.1 Utilities | 2211,2 | 9.55 | 1.6 2.1 .3 | -3.6 8.7 -1.0 5.0 | -.7 -.9 4.6 -.1 | 6.4 Electric | 2211 | 8.04 | 2.2 3.4 .0 | -2.9 7.9 -.5 7.7 | -.5 -1.3 5.5 .0 | 8.4 Natural gas | 2212 | 1.51 | -1.4 -3.4 1.9 | -7.3 13.3 -3.7 -8.8 | -1.4 1.7 -.3 -.2 | -3.5 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | | | |---------------------|----------------------------|----------------------------| Sept. '06 | | 2006 | | 2006 2007 | 2007 | to Item | NAICS | Proportion| 2004 2005 2006 | Q4 Q1 Q2 r Q3 | June July Aug. Sept. | Sept. '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 3.0 3.2 3.5 | -1.5 1.1 3.5 4.0 | .5 .6 .0 .1 | 1.9 | | | | | | Energy | | 20.53 | 1.5 -1.8 4.0 | -2.8 4.8 -1.4 5.4 | .0 .1 2.0 .1 | 2.8 Consumer products | | 5.29 | 3.7 1.7 .7 | -8.0 13.5 -7.5 4.8 | -.8 -.4 3.6 -.4 | 1.8 Commercial products | | 2.74 | 4.5 .5 2.3 | -2.5 4.0 3.6 5.1 | -.3 -.5 3.2 -.1 | 4.0 Oil and gas well drilling | 213111 | .72 | 8.3 11.8 14.7 | .5 8.6 -6.3 -1.5 | 2.1 -.9 -.5 -.2 | -1.4 Converted fuel | | 3.79 | 2.1 -2.5 2.2 | -8.9 5.3 5.9 4.5 | -.2 -1.3 3.4 1.3 | 6.6 Primary materials | | 7.98 | -1.3 -4.9 6.8 | 3.4 -1.0 -1.9 7.2 | .4 1.5 .1 -.1 | 1.7 | | | | | | Non-energy | | 79.47 | 3.3 4.6 3.3 | -1.1 .1 4.7 3.7 | .6 .8 -.4 .1 | 1.7 Selected high-technology industries | | 4.84 | 10.4 28.1 24.6 | 24.7 9.2 16.6 28.2 | 2.6 3.5 1.0 .4 | 16.7 Computers and peripheral equipment | 3341 | 1.20 | 6.6 30.4 12.1 | 24.4 32.8 39.4 12.9 | 1.0 .3 .6 .9 | 25.5 Communications equipment | 3342 | 1.06 | 6.2 12.9 14.8 | 9.6 27.7 8.3 13.6 | 1.5 1.0 1.7 .8 | 13.9 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.58 | 13.7 33.8 34.8 | 31.1 -6.9 9.5 45.2 | 4.0 6.4 .9 -.1 | 14.0 | | | | | | Excluding selected high-technology | | | | | | industries | | 74.63 | 2.8 3.1 1.9 | -2.7 -.5 3.9 2.2 | .5 .6 -.5 .0 | .8 | | | | | | Motor vehicles and parts | 3361-3 | 5.54 | -1.6 .2 -3.8 | -4.0 -7.5 13.3 .4 | 2.6 .7 -1.6 -3.3 | -2.2 Motor vehicles | 3361 | 2.41 | -3.0 -2.5 -6.0 | -5.2 -10.6 23.1 1.8 | 4.0 2.6 -3.7 -5.1 | -2.7 Motor vehicle parts | 3363 | 2.72 | -1.1 1.3 -.2 | -3.4 -4.0 8.8 2.5 | 1.5 .0 .2 -2.0 | -.5 | | | | | | Excluding motor vehicles and parts | | 69.09 | 3.2 3.4 2.4 | -2.6 .1 3.2 2.4 | .3 .6 -.4 .3 | 1.0 Consumer goods | | 20.91 | 2.4 3.6 1.8 | 2.0 1.0 1.8 1.6 | .3 .7 -.6 .1 | 1.3 Business equipment | | 7.81 | 4.4 8.9 10.2 | 4.0 -3.3 4.4 6.3 | .6 1.4 -.7 .6 | 3.1 Construction supplies | | 4.52 | 1.5 8.0 -2.2 | -9.1 -3.0 5.6 1.9 | 1.0 -.2 -.2 -.2 | -.8 Business supplies | | 7.93 | 2.1 3.1 1.0 | -1.8 .0 1.2 -.1 | .2 .0 -.3 .5 | .5 Materials | | 26.14 | 4.4 .7 2.3 | -7.0 1.1 4.6 2.5 | .1 .6 -.4 .4 | .7 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.16 | 2.5 1.9 2.4 | -2.7 .6 2.8 2.9 | .4 .5 .0 .0 | 1.2 Manufacturing<1> | | 77.02 | 3.0 2.9 2.0 | -3.3 .3 3.6 2.5 | .5 .6 -.5 .0 | .7 Durable | | 36.79 | 2.8 5.2 2.0 | -4.7 -1.6 6.1 3.8 | .9 .8 -.6 -.1 | .9 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.46 | 3.3 3.4 3.9 | -1.3 1.6 2.9 4.2 | .4 .6 .1 .2 | 2.2 Manufacturing<1> | | 76.32 | 3.9 4.7 3.9 | -1.5 1.4 3.7 4.2 | .5 .8 -.3 .3 | 1.9 Durable | | 36.09 | 4.8 9.3 6.0 | -1.0 .8 6.4 7.4 | .9 1.2 -.2 .4 | 3.5 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 89.62 | 2.9 2.1 2.8 | -2.7 1.1 2.2 3.0 | .2 .5 .1 .2 | 1.4 Manufacturing<1> | | 71.48 | 3.4 3.1 2.5 | -3.2 .9 2.9 2.7 | .3 .6 -.4 .3 | .9 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 12.85 | 5.2 8.3 9.0 | 2.6 -2.6 3.7 8.0 | .8 1.7 -.2 -.4 | 1.8 Primary and semifinished processors | | 17.95 | 4.4 -.1 1.3 | -8.6 2.5 6.9 3.2 | .3 .5 -.2 .5 | 1.5 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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| Q4 Q1 Q2 Q3 | June July Aug. Sept. ------------------------------------------------------------------------------------------------------------------------------- Total | 11.26 | 10.96 10.58 11.07 10.90 | 11.30 11.39 10.94 10.37 Autos | 4.37 | 4.38 3.97 3.89 3.91 | 4.07 4.14 3.94 3.63 Trucks | 6.89 | 6.57 6.61 7.18 6.99 | 7.24 7.24 7.00 6.74 Light | 6.43 | 6.13 6.25 6.91 6.74 | 6.96 6.99 6.76 6.48 Medium and heavy | .46 | .45 .36 .27 .25 | .27 .26 .24 .25 | | | Memo: | | | Autos and light trucks | 10.80 | 10.51 10.22 10.80 10.65 | 11.03 11.13 10.70 10.12 ------------------------------------------------------------------------------------------------------------------------------- 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 | 2007 Item | NAICS | Proportion| Jan. Feb. Mar. Apr. May June July Aug. Sept. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 111.7 112.5 112.4 113.1 113.0 113.5 114.2 114.3 114.4 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 57.43 | 111.9 113.1 112.8 113.4 113.1 113.7 114.3 114.3 114.2 Consumer goods | | 29.36 | 107.4 109.4 108.6 109.2 108.8 109.2 109.8 109.8 109.4 Durable | | 7.16 | 103.1 104.6 105.2 107.1 106.7 108.7 109.4 108.0 106.5 Automotive products | | 3.33 | 95.2 98.7 99.7 102.3 101.1 104.1 105.3 103.0 100.1 Home electronics | | .36 | 184.6 196.0 191.1 200.8 199.4 200.3 198.7 197.9 198.2 Appliances, furniture, carpeting | | 1.23 | 100.5 99.5 99.8 100.4 101.3 101.1 100.9 100.3 100.3 Miscellaneous goods | | 2.24 | 107.4 106.3 107.1 107.6 108.1 109.4 110.1 109.8 109.4 Nondurable | | 22.19 | 108.7 110.9 109.6 109.8 109.4 109.3 109.8 110.2 110.2 Non-energy | | 16.90 | 109.7 109.5 109.9 110.3 109.8 110.0 110.8 110.2 110.3 Foods and tobacco | | 9.18 | 112.1 111.9 112.7 113.1 112.8 113.3 113.8 112.7 112.3 Clothing | | .59 | 80.4 79.6 78.7 79.4 79.7 78.8 78.8 77.2 77.3 Chemical products | | 4.83 | 111.8 110.9 110.5 110.9 109.9 109.5 111.4 112.0 112.6 Paper products | | 1.79 | 103.3 104.7 105.5 105.6 105.1 105.8 106.0 105.2 106.2 Energy | | 5.29 | 106.1 115.8 108.9 108.7 108.3 107.4 107.0 110.8 110.3 | | | Business equipment | | 9.95 | 128.8 129.2 130.6 130.9 131.1 132.2 133.9 133.2 133.8 Transit | | 2.03 | 144.2 144.1 144.3 143.7 142.1 145.5 146.6 146.5 146.7 Information processing | | 2.78 | 144.4 146.2 147.5 148.6 149.8 151.0 151.6 152.3 153.5 Industrial and other | | 5.14 | 115.6 115.4 117.3 117.5 117.8 118.1 120.5 119.0 119.5 Defense and space equipment | | 1.75 | 113.9 113.0 109.8 111.1 111.0 112.9 113.0 112.9 113.3 | | | Construction supplies | | 4.55 | 108.4 106.8 107.9 108.3 109.1 110.2 109.9 109.7 109.5 Business supplies | | 11.02 | 110.6 111.5 111.2 111.9 111.5 111.7 111.7 112.4 112.8 | | | Materials | | 42.57 | 111.3 111.8 112.0 112.7 112.7 113.2 114.2 114.3 114.6 Non-energy | | 30.80 | 115.9 116.0 116.8 117.5 117.7 118.2 119.4 119.2 119.3 Durable | | 19.15 | 124.4 123.9 124.9 126.0 126.5 127.4 129.2 129.1 129.2 Consumer parts | | 3.30 | 96.8 97.1 98.3 98.6 99.1 99.8 99.8 99.6 97.7 Equipment parts | | 6.64 | 169.8 168.6 169.5 170.5 170.5 173.4 178.7 178.8 179.3 Other | | 9.21 | 107.8 107.5 108.3 109.7 110.4 110.4 111.2 111.1 111.7 Nondurable | | 11.64 | 103.2 103.9 104.5 104.7 104.4 104.6 104.8 104.3 104.6 Textile | | .60 | 81.1 81.3 80.9 80.8 81.3 80.7 78.1 75.3 75.1 Paper | | 2.30 | 100.1 101.0 100.7 100.3 99.6 98.4 99.4 99.3 99.0 Chemical | | 5.49 | 108.9 110.1 111.4 111.1 111.2 111.6 111.7 111.8 112.6 Energy | | 11.77 | 100.5 101.9 100.5 101.1 100.9 101.2 101.7 102.9 103.3 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 81.86 | 113.7 113.6 114.4 114.8 114.9 115.7 116.6 116.1 116.2 Manufacturing (NAICS) | 31-33 | 77.70 | 114.7 114.6 115.4 115.8 115.9 116.7 117.6 117.2 117.2 | | | Durable manufacturing | | 41.46 | 121.2 121.3 122.3 123.2 123.4 124.7 126.1 125.6 125.5 Wood products | 321 | 1.39 | 98.5 97.7 98.3 98.2 100.3 101.9 100.6 99.8 97.7 Nonmetallic mineral products | 327 | 2.43 | 109.8 106.5 108.3 108.5 109.2 110.6 111.5 111.7 110.8 Primary metal | 331 | 3.25 | 107.1 107.6 108.8 111.3 112.1 110.6 112.9 112.1 112.8 Fabricated metal products | 332 | 5.63 | 109.3 109.8 110.6 111.1 110.8 112.1 112.5 112.8 113.4 Machinery | 333 | 5.12 | 116.4 115.3 118.0 117.2 117.6 117.5 120.2 118.3 118.5 Computer and electronic products | 334 | 7.51 | 181.3 181.5 182.3 184.2 184.4 187.7 191.7 192.7 193.4 Electrical equipment, appliances, | | | and components | 335 | 2.03 | 106.5 107.4 107.9 109.3 108.7 109.3 110.0 109.1 110.5 Motor vehicles and parts | 3361-3 | 5.54 | 96.4 98.7 99.4 100.8 100.3 102.8 103.6 102.0 98.6 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 3.76 | 130.7 131.0 130.2 131.1 131.1 133.5 134.4 135.3 136.4 Furniture and related products | 337 | 1.57 | 101.8 100.7 101.0 100.4 101.2 102.2 103.2 102.6 101.8 Miscellaneous | 339 | 3.22 | 120.2 119.4 121.6 122.5 123.1 123.4 123.7 122.8 124.9 | | | Nondurable manufacturing | | 36.24 | 107.5 107.2 107.8 107.7 107.8 107.9 108.5 108.1 108.2 Food, beverage, and tobacco products | 311,2 | 10.80 | 112.3 112.2 113.0 113.7 113.3 113.9 114.4 113.2 112.9 Textile and product mills | 313,4 | 1.05 | 87.4 87.3 86.5 87.3 87.8 87.9 86.4 84.0 83.6 Apparel and leather | 315,6 | .64 | 81.1 80.3 79.5 80.0 80.3 79.4 79.1 77.6 77.7 Paper | 322 | 2.61 | 96.4 97.5 97.2 97.3 96.7 96.1 96.8 96.3 95.8 Printing and support | 323 | 2.05 | 105.6 106.0 105.6 104.7 103.1 102.1 101.7 102.7 103.4 Petroleum and coal products | 324 | 3.83 | 113.0 110.0 111.7 107.9 110.6 110.1 110.3 109.9 108.7 Chemical | 325 | 11.81 | 109.9 110.1 110.4 110.5 110.6 110.8 111.8 112.1 113.2 Plastics and rubber products | 326 | 3.46 | 106.3 105.5 107.1 108.0 108.5 109.0 109.9 109.6 109.1 | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 98.4 98.6 99.1 99.5 99.0 99.4 99.1 98.3 99.2 | | | Mining | 21 | 8.58 | 100.2 100.0 100.2 100.2 99.9 100.4 101.4 100.8 101.0 Utilities | 2211,2 | 9.55 | 105.1 114.1 106.6 109.7 108.0 107.3 106.4 111.3 111.3 Electric | 2211 | 8.04 | 108.1 114.1 109.2 110.7 110.4 109.9 108.4 114.4 114.4 Natural gas | 2212 | 1.51 | 91.0 114.2 94.7 104.8 96.8 95.4 97.0 96.7 96.5 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 1. Table 5 Industrial Production Indexes: Special Aggregates 2002 = 100, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2006 | 2007 Item | NAICS | Proportion| Jan. Feb. Mar. Apr. May June July Aug. Sept. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 111.7 112.5 112.4 113.1 113.0 113.5 114.2 114.3 114.4 | | | Energy | | 20.53 | 104.6 108.4 105.3 106.0 105.6 105.6 105.7 107.8 107.9 Consumer products | | 5.29 | 106.1 115.8 108.9 108.7 108.3 107.4 107.0 110.8 110.3 Commercial products | | 2.74 | 113.7 117.6 113.7 116.6 115.9 115.6 115.0 118.8 118.6 Oil and gas well drilling | 213111 | .72 | 172.6 173.7 173.0 170.6 168.4 171.9 170.3 169.5 169.1 Converted fuel | | 3.79 | 102.1 108.0 103.1 106.3 105.8 105.6 104.2 107.8 109.2 Primary materials | | 7.98 | 99.5 98.9 99.1 98.6 98.5 99.0 100.4 100.5 100.4 | | | Non-energy | | 79.47 | 113.6 113.6 114.3 114.9 114.9 115.6 116.5 116.0 116.1 Selected high-technology industries | | 4.84 | 219.9 220.4 223.2 226.4 228.5 234.4 242.6 245.0 246.0 Computers and peripheral equipment | 3341 | 1.20 | 171.3 176.6 179.9 185.2 193.2 195.0 195.6 196.8 198.6 Communications equipment | 3342 | 1.06 | 161.1 165.1 168.8 168.0 167.3 169.7 171.4 174.3 175.7 Semiconductors and related | | | electronic components | 334412-9 | 2.58 | 278.0 272.2 273.7 277.8 277.0 288.1 306.6 309.5 309.2 | | | Excluding selected high-technology | | | industries | | 74.63 | 108.2 108.3 108.9 109.4 109.3 109.8 110.5 109.9 110.0 | | | Motor vehicles and parts | 3361-3 | 5.54 | 96.4 98.7 99.4 100.8 100.3 102.8 103.6 102.0 98.6 Motor vehicles | 3361 | 2.41 | 92.4 97.5 97.6 100.6 99.1 103.1 105.8 101.8 96.6 Motor vehicle parts | 3363 | 2.72 | 97.7 98.1 99.1 99.5 100.1 101.6 101.6 101.8 99.7 | | | Excluding motor vehicles and parts | | 69.09 | 109.3 109.1 109.7 110.2 110.1 110.4 111.1 110.6 110.9 Consumer goods | | 20.91 | 109.1 108.8 109.1 109.6 109.2 109.6 110.3 109.7 109.8 Business equipment | | 7.81 | 122.2 122.0 123.5 123.8 123.7 124.4 126.1 125.3 126.1 Construction supplies | | 4.52 | 107.9 106.2 107.3 107.7 108.5 109.5 109.3 109.1 108.9 Business supplies | | 7.93 | 105.4 105.4 106.2 106.1 105.8 106.0 106.0 105.7 106.2 Materials | | 26.14 | 107.3 107.5 108.2 108.8 108.9 109.0 109.7 109.3 109.7 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.16 | 107.4 108.3 108.1 108.6 108.5 108.9 109.4 109.4 109.5 Manufacturing<1> | | 77.02 | 108.5 108.4 109.2 109.5 109.5 110.0 110.7 110.2 110.2 Durable | | 36.79 | 110.9 111.0 111.8 112.5 112.6 113.5 114.4 113.8 113.6 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.46 | 112.7 113.4 113.3 113.9 113.8 114.2 114.9 115.1 115.4 Manufacturing<1> | | 76.32 | 115.1 114.9 115.7 116.0 116.2 116.7 117.6 117.3 117.6 Durable | | 36.09 | 125.8 125.5 126.6 127.3 127.6 128.7 130.2 129.9 130.5 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 89.62 | 108.1 108.9 108.6 109.1 109.0 109.3 109.8 109.9 110.2 Manufacturing<1> | | 71.48 | 109.5 109.2 110.0 110.2 110.3 110.6 111.3 110.8 111.1 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 12.85 | 128.3 128.1 128.8 129.2 129.3 130.3 132.5 132.2 131.7 Primary and semifinished processors | | 17.95 | 107.0 107.2 108.1 108.9 109.2 109.5 110.0 109.8 110.4 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 57.4 55.1 42.1 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 61.4 60.4 55.4 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 57.4 65.7 61.1 ------------------------------------------------------------------------------------------------------- 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| Q4 Q1 Q2 r Q3 | June July Aug. Sept. -------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.0 85.1 73.6 | 81.5 81.3 81.7 82.1 | 81.8 82.2 82.1 82.1 | | | | | Manufacturing<1> | | 82.52 | 79.8 85.4 84.6 71.6 | 80.1 79.8 80.3 80.6 | 80.5 81.0 80.5 80.4 Manufacturing (NAICS) | 31-33 | 78.53 | 79.6 85.3 84.7 71.0 | 79.9 79.6 80.0 80.4 | 80.3 80.8 80.3 80.2 | | | | | Durable manufacturing | | 42.55 | 78.0 84.5 84.2 68.1 | 78.5 77.7 78.4 79.0 | 78.8 79.5 78.9 78.7 Wood products | 321 | 1.41 | 80.2 88.2 87.7 71.0 | 74.3 73.1 74.6 74.1 | 76.0 75.0 74.4 72.9 Nonmetallic mineral products | 327 | 2.34 | 79.5 85.1 84.1 75.8 | 79.6 78.0 78.6 79.7 | 79.3 79.9 80.0 79.2 Primary metal | 331 | 2.86 | 80.8 93.8 95.6 68.5 | 82.2 84.4 87.0 87.7 | 86.3 88.1 87.3 87.7 Fabricated metal products | 332 | 5.63 | 77.3 81.6 85.1 69.2 | 80.2 79.9 80.6 81.5 | 81.1 81.3 81.4 81.8 Machinery | 333 | 5.14 | 78.7 85.2 87.6 63.7 | 80.9 78.4 78.6 79.2 | 78.5 80.2 78.8 78.8 Computer and electronic products | 334 | 8.43 | 78.3 81.4 84.3 58.6 | 77.3 75.3 74.3 74.7 | 74.4 75.2 74.7 74.1 Electrical equip., appliances, | | | | | and components | 335 | 1.90 | 83.2 89.1 93.1 71.8 | 84.3 85.0 86.2 86.7 | 86.3 86.8 86.0 87.1 Motor vehicles and parts | 3361-3 | 5.92 | 77.5 89.7 89.0 68.9 | 74.7 73.6 76.7 77.7 | 78.2 79.0 78.1 75.8 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 3.96 | 72.5 87.1 68.5 62.8 | 78.8 80.3 80.6 82.3 | 81.4 81.8 82.3 82.8 Furniture and related products | 337 | 1.61 | 78.5 82.2 82.9 67.8 | 78.3 76.6 76.7 77.6 | 77.4 78.2 77.7 77.0 Miscellaneous | 339 | 3.36 | 76.7 82.5 81.3 70.6 | 78.8 78.3 79.1 78.6 | 79.1 78.9 78.0 79.1 | | | | | Nondurable manufacturing | | 35.98 | 81.7 86.8 85.4 74.9 | 81.6 82.0 82.0 82.2 | 82.1 82.4 82.1 82.1 Food, beverage, and tobacco products | 311,2 | 10.67 | 81.6 85.9 84.1 75.6 | 82.2 82.6 83.0 82.6 | 83.1 83.3 82.4 82.0 Textile and product mills | 313,4 | 1.09 | 82.3 91.2 91.4 68.8 | 75.8 74.6 75.6 73.6 | 76.0 74.9 73.0 72.8 Apparel and leather | 315,6 | .70 | 78.7 84.3 87.1 59.5 | 74.1 74.9 75.2 74.2 | 74.9 74.9 73.7 74.0 Paper | 322 | 2.46 | 87.8 92.5 92.0 78.9 | 85.5 84.3 84.1 83.9 | 83.6 84.4 83.9 83.6 Printing and support | 323 | 2.08 | 83.7 91.8 86.4 72.7 | 80.5 80.6 78.4 77.5 | 77.3 77.0 77.6 78.0 Petroleum and coal products | 324 | 3.77 | 86.2 89.0 90.6 83.7 | 90.1 92.3 90.7 90.7 | 91.1 91.2 90.9 89.9 Chemical | 325 | 12.01 | 78.3 85.1 81.4 70.2 | 77.7 77.8 78.0 79.1 | 78.0 78.7 78.9 79.6 Plastics and rubber products | 326 | 3.20 | 83.9 89.8 91.9 75.1 | 84.8 85.4 86.7 87.0 | 86.9 87.4 87.0 86.4 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.99 | 84.7 91.0 83.3 81.3 | 84.6 84.0 84.3 83.8 | 84.4 84.1 83.3 84.0 | | | | | Mining | 21 | 8.25 | 87.4 86.1 88.9 84.8 | 91.3 90.0 89.9 90.7 | 90.1 91.0 90.4 90.6 Utilities | 2211,2 | 9.23 | 86.7 92.7 93.7 83.8 | 85.0 86.4 85.8 86.6 | 85.0 84.1 88.0 87.8 | | | | | Selected high-technology industries | | 5.48 | 78.0 80.8 87.4 56.2 | 79.7 77.9 77.4 78.8 | 77.8 79.4 79.0 78.1 Computers and peripheral equipment | 3341 | 1.39 | 78.1 79.9 84.2 62.8 | 78.3 82.3 85.2 82.8 | 85.3 83.9 82.7 81.8 Communications equipment | 3342 | 1.29 | 75.4 80.8 86.6 40.2 | 73.3 77.6 78.6 80.5 | 79.0 79.6 80.8 81.2 Semiconductors and related | | | | | electronic components | 334412-9 | 2.80 | 80.6 82.9 93.5 58.1 | 82.7 75.6 72.9 76.0 | 73.4 76.8 76.2 74.9 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 94.52 | 81.2 85.4 85.0 74.7 | 81.8 81.7 82.1 82.5 | 82.2 82.6 82.5 82.5 Manufacturing<1> | | 77.04 | 79.9 85.9 84.5 72.8 | 80.3 80.2 80.7 81.0 | 80.9 81.3 80.9 80.8 | | | | | Stage-of-process groups | | | | | Crude | | 12.41 | 86.5 88.1 89.5 82.0 | 89.1 88.7 89.2 90.0 | 89.3 90.0 89.7 90.3 Primary and semifinished | | 48.00 | 82.2 86.5 88.2 74.6 | 82.3 82.2 82.2 82.7 | 82.3 82.5 82.9 82.7 Finished | | 39.59 | 77.8 82.8 80.5 70.0 | 78.2 78.0 78.6 78.9 | 78.8 79.3 78.7 78.6 -------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | Sept. ----------------------------------------------------------------------------------------------------------------------------------------------------- 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 | Q3 Q4 Q1 Q2 r Q3 | June July Aug. Sept. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,812.5 | 3,043.0 | 3,075.0 3,060.2 3,072.1 3,089.6 3,112.8 | 3,101.6 3,117.9 3,115.2 3,105.2 | | | | Final products | 2,112.0 | 2,302.3 | 2,327.4 2,321.5 2,332.3 2,344.1 2,363.7 | 2,354.4 2,371.5 2,365.3 2,354.3 | | | | Consumer goods | 1,480.7 | 1,606.0 | 1,619.6 1,610.7 1,627.7 1,636.9 1,646.9 | 1,642.5 1,652.1 1,650.4 1,638.1 Durable | 471.7 | 504.6 | 503.1 498.2 496.8 514.1 516.1 | 520.6 524.9 516.7 506.7 Automotive products | 278.9 | 296.1 | 293.1 291.1 290.4 304.7 306.0 | 310.1 314.2 306.8 296.9 Other durable goods | 192.9 | 208.2 | 209.6 206.7 206.0 209.2 210.0 | 210.4 210.7 209.8 209.4 Nondurable | 1,009.0 | 1,097.5 | 1,111.5 1,107.0 1,124.1 1,118.6 1,126.3 | 1,118.4 1,123.9 1,129.2 1,125.9 | | | | Equipment, total | 631.3 | 706.0 | 718.4 722.2 714.5 716.9 727.2 | 722.0 729.8 725.0 726.9 Business and defense | 614.9 | 689.1 | 701.3 706.0 697.3 699.8 710.5 | 704.5 713.0 708.2 710.2 Business | 556.8 | 619.8 | 631.4 637.4 628.3 631.1 640.9 | 634.8 643.4 638.6 640.6 Defense and space | 58.2 | 71.4 | 72.2 71.4 71.5 71.3 72.3 | 72.1 72.3 72.2 72.3 | | | | Nonindustrial supplies | 700.5 | 741.1 | 748.1 739.6 740.8 746.4 750.1 | 748.2 747.8 751.0 751.6 Construction supplies | 197.2 | 207.8 | 209.2 204.0 202.8 205.8 206.7 | 207.5 207.2 206.7 206.2 Business supplies | 503.3 | 533.2 | 538.9 535.7 538.2 540.6 543.6 | 540.7 540.7 544.4 545.6 Commercial energy products | 136.0 | 154.7 | 157.7 156.3 157.5 158.1 159.8 | 157.7 157.2 161.3 161.0 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | | |---------------------|----------------------------|----------------------------| Sept. '06 | 2006 | | 2006 2007 | 2007 | to Item | gross value<1>| 2004 2005 2006 | Q4 Q1 Q2 r Q3 | June July Aug. Sept. | Sept. '07 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 1980.5 | 2.4 5.6 3.4 | 2.3 -1.2 4.6 3.6 | .9 1.1 -.9 -.4 | 1.6 Semifinished | 1754.9 | 2.4 6.2 2.5 | -2.7 .2 3.7 4.5 | .7 .3 .5 -.2 | 2.0 Primary | 992.6 | 4.5 -.8 .1 | -13.3 7.2 .6 2.7 | -.3 .5 .4 .0 | -.7 Crude | 420.0 | 5.2 -8.3 7.1 | -3.4 .9 4.3 5.1 | .4 .7 .0 1.0 | 2.3 | | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 .5 .6 .0 .1 | 1.1 3.5 4.0 | | | | 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 | 111.7 112.5 112.4 113.1 113.0 113.5 114.2 114.3 114.4 | 112.2 113.2 114.3 | | | | 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 | 137.8 138.0 138.2 138.4 138.6 138.8 139.0 139.2 139.4 | 138.0 138.6 139.2 | | | | 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 82.1 82.1 | 81.3 81.7 82.1 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 .6 .8 -.4 .1 | .8 4.3 4.0 | | | | 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 | 113.7 113.6 114.4 114.8 114.9 115.7 116.6 116.1 116.2 | 113.9 115.1 116.3 | | | | 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 | 142.5 142.7 143.0 143.2 143.5 143.7 143.9 144.2 144.4 | 142.7 143.5 144.2 | | | | 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 80.5 80.4 | 79.8 80.3 80.6 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 .4 .5 .0 .0 | .6 2.8 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 | 107.4 108.3 108.1 108.6 108.5 108.9 109.4 109.4 109.5 | 107.9 108.7 109.4 | | | | 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 | 132.0 132.1 132.2 132.3 132.4 132.5 132.5 132.6 132.7 | 132.1 132.4 132.6 | | | | 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 82.2 82.6 82.5 82.5 | 81.7 82.1 82.5 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 .5 .6 -.5 .0 | .3 3.6 2.5 | | | | 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 | 108.5 108.4 109.2 109.5 109.5 110.0 110.7 110.2 110.2 | 108.7 109.7 110.4 | | | | 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 | 135.5 135.6 135.7 135.8 135.9 136.0 136.1 136.2 136.3 | 135.6 135.9 136.2 | | | | 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 80.9 81.3 80.9 80.8 | 80.2 80.7 81.0 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 Boar