FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EST) January 16, 2008 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production was unchanged in December; the change in the index over the previous three months was little revised, with offsetting revisions to September and October. For the fourth quarter, output fell 1.0 percent (annual rate), the first quarterly decrease since the fourth quarter of 2006. At 114.0 percent of its 2002 average, total industrial production in December was 1.5 percent above its year-earlier level. Output in the manufacturing sector was unchanged in December. The output of utilities decreased 0.2 percent in December as a result of a decline at gas utilities; the output at mines edged up 0.1 percent after an increase of 1.0 percent in November. Capacity utilization for total industry posted a small decrease in December, to 81.4 percent, a rate slightly below its year-earlier level but 0.4 percentage point above its 1972-2006 average. Market Groups ------------- The output of consumer goods edged up 0.1 percent in December, as nondurables advanced slightly but durables decreased. Among durable consumer goods, the production index for automotive products moved up 0.2 percent after having risen 1.4 percent in November. Elsewhere the production index for home electronics edged down 0.2 percent, and the production index for appliances, furniture, and carpeting moved down 1.6 percent with widespread decreases among its components. After having decreased for two consecutive months, the production of nondurable non-energy consumer goods advanced 0.5 percent in December with gains in foods and tobacco, paper, and clothing, and a small loss in chemical products. After having increased a revised 1.8 percent in November, the index for consumer energy goods fell 1.0 percent in December. The index for business equipment moved up 0.8 percent in December and advanced at an annual rate of 1.6 percent in the fourth quarter. In December, the output of transit equipment rose 2.3 percent; the gain was concentrated in commercial aircraft. After having risen 2.1 percent in November, the index for information processing equipment increased 0.5 percent in December; despite moderate gains in most components, December's rise in this index was held down by a drop in the output of communications equipment. The index for industrial and other equipment moved up 0.4 percent; output for this sector fell at an annual rate of 1.4 percent in the fourth quarter. The output of defense and space equipment advanced 0.1 percent in December and was unchanged from its year-earlier level. In December, the index for construction supplies fell 0.9 percent, its sixth consecutive monthly decline; the index was 2.2 percent below its year-earlier level and declined at an annual rate of 5.4 percent for the fourth quarter as a whole. The index for business supplies was unchanged in December. The production of materials decreased 0.3 percent in December, which partially reversed its November increase. Among non-energy materials, the index for durable materials decreased 0.4 percent in December. A gain in equipment parts was outweighed by decreases in consumer parts and other durable materials; losses were widespread within these categories. The output of nondurable materials moved down 0.4 percent, with declines in all of its major subcategories. Industry Groups --------------- Manufacturing output was unchanged in December after having increased 0.3 percent in November; manufacturing fell at an annual rate of 1.9 percent for the fourth quarter as a whole. The factory operating rate decreased 0.1 percentage point, to 79.7 percent, a level 0.1 percentage point below its 1972-2006 average. The production of durable goods was unchanged in December and declined at an annual rate of 1.5 percent in the fourth quarter. The output of wood products increased 1.1 percent in December after having declined for five consecutive months. Machinery, computer and electronic products, and aerospace and miscellaneous transportation equipment all posted gains, whereas nonmetallic mineral products and primary metal production posted declines of 2.1 percent and 1.0 percent respectively. The production of nondurable goods edged down 0.1 percent after a gain of similar size in November. Gains in the indexes for food, beverage, and tobacco products and for apparel and leather in December were more than offset by reductions in most other categories. The output of non-NAICS industries (newspaper publishing and logging) edged up 0.1 percent. The output of mines increased 0.1 percent, and the capacity utilization rate for mining was unchanged at 92.1 percent, a rate 4.7 percentage points above its long-run average. The index for utilities decreased 0.2 percent in December. The output of natural gas utilities fell 3.1 percent, and the output of electric utilities edged up 0.3 percent. The operating rate at utilities decreased 0.3 percentage point, to 86.2 percent, a level 0.5 percentage point below its 1972-2006 average. Capacity utilization at industries grouped by stage of processing changed as follows: For the crude stage, utilization decreased 0.3 percentage point, to 90.3 percent, a rate 3.8 percentage points above its 1972-2006 average. For the primary and semifinished stages, utilization decreased 0.4 percentage point, to 81.7 percent, a rate 0.5 percentage point below its long-run average. For the finished stage, utilization moved up 0.3 percentage point, to 78.3 percent, a rate 0.5 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 publication 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 to the previous five months of data. The new longer reporting window will allow the incorporation of additional lagging data before 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 | Dec. '06 to Industrial production | Sept. Oct. Nov. Dec. | Sept. Oct. Nov. Dec. | Dec. '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 114.2 113.7 114.0 114.0 | .1 -.5 .3 .0 | 1.5 Previous estimates | 114.4 113.6 113.9 | .3 -.7 .3 | | | | Major market groups | | | Final Products | 115.2 114.3 114.6 114.9 | .2 -.8 .3 .3 | 1.2 Consumer goods | 109.5 108.6 108.7 108.8 | .0 -.8 .1 .1 | .9 Business equipment | 134.2 133.3 134.1 135.3 | .8 -.7 .7 .8 | 2.4 Nonindustrial supplies | 111.5 111.0 110.8 110.5 | .2 -.4 -.2 -.3 | .3 Construction | 109.3 108.6 108.3 107.3 | -.2 -.7 -.2 -.9 | -2.2 Materials | 114.3 114.1 114.6 114.3 | .0 -.2 .5 -.3 | 2.3 | | | Major industry groups | | | Manufacturing (see note below) | 116.1 115.4 115.7 115.7 | .2 -.6 .3 .0 | 1.1 Previous estimates | 116.1 115.3 115.8 | .2 -.6 .4 | Mining | 101.7 101.6 102.6 102.7 | 1.2 .0 1.0 .1 | .2 Utilities | 109.7 109.8 109.8 109.6 | -1.6 .0 .0 -.2 | 6.9 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1994-95 2001-02 2006 | 2007 | Dec. '06 to Capacity utilization | 1972-2006 High Low Dec. | Sept. Oct. Nov. Dec. | Dec. '07 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.0 85.1 73.6 81.6 | 81.9 81.4 81.6 81.4 | 1.8 Previous estimates | | 82.1 81.4 81.5 | | | | Manufacturing (see note below) | 79.8 84.6 71.6 80.5 | 80.4 79.8 79.8 79.7 | 2.1 Previous estimates | | 80.4 79.7 79.9 | Mining | 87.4 88.9 84.8 92.3 | 91.2 91.2 92.1 92.1 | .4 Utilities | 86.7 93.7 83.8 81.8 | 86.6 86.6 86.5 86.2 | 1.4 | | | Stage-of-process groups | | | Crude | 86.5 89.5 82.0 89.6 | 90.0 89.4 90.6 90.3 | .5 Primary and semifinished | 82.2 88.2 74.6 81.7 | 82.6 82.0 82.1 81.7 | 2.2 Finished | 77.8 80.5 70.0 79.0 | 78.6 78.2 78.0 78.3 | 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 | | | |---------------------|----------------------------|----------------------------| Dec. '06 | | 2006 | | 2007 | 2007 | to Item | NAICS |Proportion<1>| 2005 2006 2007 | Q1 Q2 Q3 r Q4 | Sept. Oct. Nov. Dec. | Dec. '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 3.2 3.5 1.8 | 1.1 3.5 3.6 -1.0 | .1 -.5 .3 .0 | 1.5 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 57.43 | 4.8 2.6 1.2 | 1.5 2.9 2.6 -2.0 | .2 -.7 .2 .1 | 1.0 Consumer goods | | 29.36 | 2.7 1.1 1.0 | 3.4 2.3 1.8 -3.3 | .0 -.8 .1 .1 | .9 Durable | | 7.16 | 2.3 -2.5 1.0 | -.7 12.8 1.2 -8.4 | -1.4 -1.2 .7 -.1 | -.5 Automotive products | | 3.33 | -1.8 -4.6 2.5 | .4 20.2 1.2 -9.7 | -2.4 -1.1 1.4 .2 | .2 Home electronics | | .36 | 16.8 13.1 15.2 | 40.8 21.6 -1.3 4.1 | -.1 -1.9 4.9 -.2 | 13.2 Appliances, furniture, carpeting | | 1.23 | 3.1 -4.7 -4.8 | -8.2 4.2 -4.6 -10.1 | -1.3 -1.2 .0 -1.6 | -6.0 Miscellaneous goods | | 2.24 | 6.4 -.6 -.5 | -4.0 5.4 4.9 -7.5 | -.3 -1.3 -.7 .2 | -.9 Nondurable | | 22.19 | 2.9 2.2 1.0 | 4.7 -.8 2.0 -1.6 | .4 -.7 -.1 .1 | 1.3 Non-energy | | 16.90 | 3.4 2.7 .6 | 2.1 1.2 .9 -1.8 | .4 -.2 -.7 .5 | .1 Foods and tobacco | | 9.18 | 4.8 2.2 1.0 | 4.3 2.9 .3 -3.4 | .4 -.5 -.8 .6 | .5 Clothing | | .59 | -.3 .7 -3.2 | 1.3 -1.5 -7.4 -4.9 | -.8 -.5 .1 1.6 | -1.6 Chemical products | | 4.83 | .9 3.8 -.2 | -2.2 -3.3 3.3 1.5 | .0 .8 -.5 -.1 | -1.5 Paper products | | 1.79 | 2.2 3.3 1.2 | 2.2 3.9 1.1 -2.4 | 1.2 -.9 -.5 .4 | 1.9 Energy | | 5.29 | 1.7 .7 2.6 | 13.5 -7.5 6.1 -.6 | .6 -2.5 1.8 -1.0 | 5.6 | | | | | | Business equipment | | 9.95 | 11.2 9.7 3.3 | -1.3 5.8 7.2 1.6 | .8 -.7 .7 .8 | 2.4 Transit | | 2.03 | 20.5 16.9 2.3 | -1.2 -1.3 9.0 2.8 | -.5 -.9 1.5 2.3 | 2.8 Information processing | | 2.78 | 13.7 10.1 8.0 | 9.3 10.8 5.4 6.6 | .4 -.2 2.1 .5 | 8.2 Industrial and other | | 5.14 | 6.7 6.9 1.1 | -6.9 6.0 7.6 -1.4 | 1.6 -.8 -.5 .4 | -.8 Defense and space equipment | | 1.75 | 3.8 2.3 -.3 | -1.2 -2.0 3.0 -.8 | .0 -.3 .4 .1 | .0 | | | | | | Construction supplies | | 4.55 | 8.0 -2.1 -.4 | -2.8 5.6 1.3 -5.4 | -.2 -.7 -.2 -.9 | -2.2 Business supplies | | 11.02 | 3.4 2.4 .9 | .9 2.0 1.2 -.5 | .4 -.3 -.2 .0 | 1.4 | | | | | | Materials | | 42.57 | 1.1 4.7 2.5 | .5 4.2 5.1 .3 | .0 -.2 .5 -.3 | 2.3 Non-energy | | 30.80 | 3.5 4.5 2.4 | .3 5.5 4.9 -1.1 | .2 -.5 .7 -.4 | 1.9 Durable | | 19.15 | 7.0 5.6 4.0 | -.1 7.3 8.6 .4 | .0 -.1 .7 -.4 | 3.7 Consumer parts | | 3.30 | 1.7 -3.2 -1.5 | -1.9 7.6 -.5 -10.5 | -2.1 -1.1 .1 -1.0 | -2.7 Equipment parts | | 6.64 | 16.0 19.4 6.9 | -1.9 5.2 17.6 7.5 | .6 .9 .7 .4 | 7.0 Other | | 9.21 | 2.7 -.7 3.9 | 1.9 8.8 5.6 -.6 | .2 -.5 .8 -.8 | 3.6 Nondurable | | 11.64 | -2.1 2.6 -.3 | 1.0 2.7 -1.0 -3.7 | .4 -1.2 .7 -.4 | -.9 Textile | | .60 | .2 -7.3 -9.9 | -9.8 -.7 -20.9 -6.7 | 1.0 -.3 -1.1 -.3 | -10.4 Paper | | 2.30 | -.2 2.5 -2.8 | -3.9 -4.5 -1.2 -1.4 | -1.0 -.3 1.3 -.7 | -4.4 Chemical | | 5.49 | -6.5 4.7 1.6 | 7.5 4.3 -1.8 -3.2 | .5 -1.3 1.3 -.6 | 1.2 Energy | | 11.77 | -4.2 5.4 2.9 | 1.0 .6 5.6 4.5 | -.5 .8 .0 .0 | 3.4 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 81.86 | 4.4 3.4 1.7 | .8 4.3 3.6 -1.9 | .2 -.6 .3 .0 | 1.1 Manufacturing (NAICS) | 31-33 | 77.70 | 4.6 3.6 1.8 | 1.0 4.4 3.9 -1.9 | .1 -.6 .3 .0 | 1.2 | | | | | | Durable manufacturing | | 41.46 | 7.9 4.7 2.8 | -.4 7.3 6.3 -1.5 | -.2 -.4 .5 .0 | 2.2 Wood products | 321 | 1.39 | 10.5 -14.5 -5.5 | -5.4 8.3 -4.6 -18.6 | -1.9 -2.7 -1.3 1.1 | -5.9 Nonmetallic mineral products | 327 | 2.43 | 5.8 -1.9 .8 | -5.3 4.5 9.2 -4.5 | -.1 -.8 .4 -2.1 | -1.6 Primary metal | 331 | 3.25 | -2.3 -3.5 5.6 | 10.1 13.5 2.6 -3.1 | -3.2 1.1 1.4 -1.0 | 8.0 Fabricated metal products | 332 | 5.63 | 6.1 3.8 2.2 | -.2 5.2 4.4 -.4 | .4 .1 -.2 -.7 | 1.8 Machinery | 333 | 5.12 | 8.2 5.3 -1.0 | -9.4 3.0 6.8 -3.6 | 2.4 -1.5 -.6 .2 | -3.6 Computer and electronic products | 334 | 7.51 | 18.3 18.3 9.2 | 3.1 8.5 15.2 10.3 | .5 .9 1.4 .8 | 9.4 Electrical equipment, appliances, | | | | | | and components | 335 | 2.03 | 3.8 2.4 1.9 | 5.4 6.9 .9 -5.3 | .6 -1.8 .7 -.1 | .9 Motor vehicles and parts | 3361-3 | 5.54 | .2 -3.8 -2.0 | -7.5 13.3 1.2 -13.1 | -3.1 -1.6 1.2 -.5 | -4.1 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 3.76 | 15.0 14.7 7.5 | 10.3 4.0 10.3 5.8 | .3 .0 .8 1.1 | 7.9 Furniture and related products | 337 | 1.57 | 1.7 -1.2 -2.4 | -8.6 .7 6.2 -7.0 | -1.9 -.6 .5 -1.2 | -2.3 Miscellaneous | 339 | 3.22 | 8.7 4.8 3.4 | 1.6 8.8 2.6 .8 | 1.4 -.6 -.9 2.0 | 3.6 | | | | | | Nondurable manufacturing | | 36.24 | .9 2.3 .7 | 2.6 1.2 1.3 -2.4 | .5 -.7 .1 -.1 | .0 Food, beverage, and tobacco products | 311,2 | 10.80 | 5.3 2.6 1.3 | 3.9 4.0 1.4 -3.8 | .5 -.6 -.9 .7 | .8 Textile and product mills | 313,4 | 1.05 | 2.0 -7.7 -8.7 | -8.4 2.7 -18.0 -9.9 | -.3 .0 -1.9 .1 | -8.8 Apparel and leather | 315,6 | .64 | .4 -.1 -3.3 | .3 -2.0 -7.5 -3.9 | -.3 -.5 -.1 1.4 | -1.9 Paper | 322 | 2.61 | -.1 -.1 -3.4 | -6.0 -1.5 -.8 -5.0 | -.4 -1.5 1.5 -1.1 | -4.6 Printing and support | 323 | 2.05 | 1.9 5.2 -2.3 | 3.1 -8.9 -3.0 .0 | .7 -.8 .3 -.4 | -3.7 Petroleum and coal products | 324 | 3.83 | -3.6 2.6 .1 | 8.8 -7.1 3.3 -3.9 | .3 -1.3 .6 -.7 | .2 Chemical | 325 | 11.81 | -2.5 3.8 1.3 | 1.3 1.8 2.8 -.7 | .6 -.5 .5 -.3 | .6 Plastics and rubber products | 326 | 3.46 | 3.0 .2 5.2 | 6.7 8.6 5.2 .7 | 1.1 -.8 1.2 -1.0 | 4.0 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | .6 .2 -.8 | -1.9 2.3 -1.6 -2.1 | 1.3 -.9 -.3 .1 | -.3 | | | | | | Mining | 21 | 8.58 | -5.5 8.0 .9 | -4.8 .1 4.1 4.7 | 1.2 .0 1.0 .1 | .2 Utilities | 2211,2 | 9.55 | 2.1 .3 3.2 | 8.7 -1.0 3.1 2.1 | -1.6 .0 .0 -.2 | 6.9 Electric | 2211 | 8.04 | 3.4 .0 3.7 | 7.9 -.5 3.7 4.0 | -1.0 .8 -1.0 .3 | 6.1 Natural gas | 2212 | 1.51 | -3.4 1.9 .2 | 13.3 -3.7 .1 -7.6 | -4.6 -3.9 6.1 -3.1 | 11.4 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | | | |---------------------|----------------------------|----------------------------| Dec. '06 | | 2006 | | 2007 | 2007 | to Item | NAICS | Proportion| 2005 2006 2007 | Q1 Q2 Q3 r Q4 | Sept. Oct. Nov. Dec. | Dec. '07 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 3.2 3.5 1.8 | 1.1 3.5 3.6 -1.0 | .1 -.5 .3 .0 | 1.5 | | | | | | Energy | | 20.53 | -1.8 4.0 2.7 | 4.8 -1.4 4.8 2.7 | -.3 -.1 .5 -.2 | 4.3 Consumer products | | 5.29 | 1.7 .7 2.6 | 13.5 -7.5 6.1 -.6 | .6 -2.5 1.8 -1.0 | 5.6 Commercial products | | 2.74 | .5 2.3 2.9 | 4.0 3.6 .7 3.3 | -1.7 1.5 -.7 .3 | 6.4 Oil and gas well drilling | 213111 | .72 | 11.8 14.7 -.9 | 8.6 -6.3 -1.5 -3.6 | -.2 -3.8 3.7 2.3 | 1.4 Converted fuel | | 3.79 | -2.5 2.2 5.7 | 5.3 5.9 8.5 3.0 | -1.3 -.2 -.4 -.2 | 7.2 Primary materials | | 7.98 | -4.9 6.8 1.6 | -1.0 -1.9 4.1 5.3 | .0 1.4 .2 .0 | 1.6 | | | | | | Non-energy | | 79.47 | 4.6 3.3 1.5 | .1 4.7 3.4 -1.9 | .2 -.6 .3 .0 | .9 Selected high-technology industries | | 4.84 | 28.1 24.6 16.4 | 9.2 16.6 26.4 14.3 | .8 1.4 1.6 .8 | 16.5 Computers and peripheral equipment | 3341 | 1.20 | 30.4 12.1 22.6 | 32.8 39.4 14.0 7.0 | .2 .0 1.7 1.1 | 22.1 Communications equipment | 3342 | 1.06 | 12.9 14.8 14.0 | 27.7 8.3 8.2 12.8 | 1.1 -.2 4.5 -1.0 | 13.0 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.58 | 33.8 34.8 14.9 | -6.9 9.5 43.7 19.1 | 1.0 2.9 .2 1.5 | 15.6 | | | | | | Excluding selected high-technology | | | | | | industries | | 74.63 | 3.1 1.9 .6 | -.5 3.9 2.0 -2.9 | .2 -.7 .2 -.1 | -.1 | | | | | | Motor vehicles and parts | 3361-3 | 5.54 | .2 -3.8 -2.0 | -7.5 13.3 1.2 -13.1 | -3.1 -1.6 1.2 -.5 | -4.1 Motor vehicles | 3361 | 2.41 | -2.5 -6.0 -1.6 | -10.6 23.1 2.4 -16.8 | -4.9 -2.1 3.1 .1 | -4.0 Motor vehicle parts | 3363 | 2.72 | 1.3 -.2 -.2 | -4.0 8.8 3.9 -8.7 | -2.0 -1.1 .4 -.9 | -1.8 | | | | | | Excluding motor vehicles and parts | | 69.09 | 3.4 2.4 .8 | .1 3.2 2.0 -2.1 | .4 -.6 .1 .0 | .2 Consumer goods | | 20.91 | 3.6 1.8 .2 | 1.0 1.8 .8 -2.9 | .2 -.4 -.6 .3 | -.5 Business equipment | | 7.81 | 8.9 10.2 2.4 | -3.3 4.4 7.3 1.5 | 1.2 -.7 .2 1.1 | 1.5 Construction supplies | | 4.52 | 8.0 -2.2 -.5 | -3.0 5.6 1.3 -5.5 | -.3 -.7 -.3 -.9 | -2.3 Business supplies | | 7.93 | 3.1 1.0 -.3 | .0 1.2 .1 -2.5 | 1.0 -1.0 -.1 -.2 | -.8 Materials | | 26.14 | .7 2.3 1.5 | 1.1 4.6 2.1 -1.8 | .3 -.7 .7 -.5 | 1.1 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.16 | 1.9 2.4 1.0 | .6 2.8 2.5 -1.8 | .1 -.6 .2 -.1 | .8 Manufacturing<1> | | 77.02 | 2.9 2.0 .8 | .3 3.6 2.3 -2.9 | .2 -.7 .2 -.1 | .2 Durable | | 36.79 | 5.2 2.0 1.1 | -1.6 6.1 3.7 -3.4 | -.3 -.7 .3 .0 | .4 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.46 | 3.4 3.9 2.0 | 1.6 2.9 3.8 -.3 | .3 -.4 .3 .0 | 1.9 Manufacturing<1> | | 76.32 | 4.7 3.9 1.9 | 1.4 3.7 3.8 -1.1 | .4 -.5 .2 .0 | 1.5 Durable | | 36.09 | 9.3 6.0 3.6 | .8 6.4 6.9 .4 | .3 -.2 .4 .1 | 3.2 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 89.62 | 2.1 2.8 1.2 | 1.1 2.2 2.6 -1.1 | .2 -.5 .2 -.1 | 1.1 Manufacturing<1> | | 71.48 | 3.1 2.5 1.0 | .9 2.9 2.4 -2.1 | .4 -.6 .1 -.1 | .5 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 12.85 | 8.3 9.0 2.2 | -2.6 3.7 7.5 .6 | -.3 .1 .6 -.2 | 1.7 Primary and semifinished processors | | 17.95 | -.1 1.3 2.5 | 2.5 6.9 3.0 -2.3 | .5 -.9 .8 -.6 | 2.2 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> See note on cover page. Table 3 Motor Vehicle Assemblies Millions of units, seasonally adjusted annual rate ------------------------------------------------------------------------------------------------------------------------------- | 2007 | 2007 | 2007 Item | Average| Q1 Q2 Q3 Q4 | Sept. Oct. Nov. Dec. ------------------------------------------------------------------------------------------------------------------------------- Total | 10.75 | 10.58 11.07 10.93 10.50 | 10.42 10.32 10.63 10.56 Autos | 3.92 | 3.97 3.89 3.93 3.97 | 3.69 3.92 3.95 4.06 Trucks | 6.83 | 6.61 7.18 7.00 6.53 | 6.73 6.41 6.68 6.50 Light | 6.55 | 6.26 6.91 6.75 6.28 | 6.48 6.19 6.43 6.24 Medium and heavy | .28 | .36 .27 .25 .25 | .25 .22 .25 .26 | | | Memo: | | | Autos and light trucks | 10.47 | 10.22 10.80 10.68 10.26 | 10.17 10.10 10.38 10.30 ------------------------------------------------------------------------------------------------------------------------------- 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| Apr. May June July Aug. Sept. Oct. Nov. Dec. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 113.1 113.0 113.5 114.2 114.1 114.2 113.7 114.0 114.0 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 57.43 | 113.4 113.1 113.7 114.3 114.0 114.2 113.4 113.6 113.7 Consumer goods | | 29.36 | 109.2 108.8 109.2 109.7 109.6 109.5 108.6 108.7 108.8 Durable | | 7.16 | 107.1 106.7 108.7 109.3 107.9 106.3 105.0 105.8 105.6 Automotive products | | 3.33 | 102.3 101.1 104.1 105.3 102.8 100.3 99.2 100.6 100.8 Home electronics | | .36 | 200.8 199.4 200.3 200.4 199.1 199.0 195.3 204.9 204.4 Appliances, furniture, carpeting | | 1.23 | 100.4 101.3 101.1 100.3 100.1 98.9 97.7 97.6 96.1 Miscellaneous goods | | 2.24 | 107.6 108.1 109.4 110.0 109.7 109.3 108.0 107.3 107.4 Nondurable | | 22.19 | 109.8 109.4 109.3 109.8 110.0 110.4 109.7 109.5 109.7 Non-energy | | 16.90 | 110.3 109.8 110.0 110.7 109.9 110.3 110.1 109.3 109.9 Foods and tobacco | | 9.18 | 113.1 112.8 113.3 113.7 112.7 113.1 112.5 111.6 112.3 Clothing | | .59 | 79.4 79.7 78.8 79.2 77.4 76.8 76.3 76.4 77.7 Chemical products | | 4.83 | 110.9 109.9 109.5 111.1 110.9 110.9 111.8 111.2 111.1 Paper products | | 1.79 | 105.6 105.1 105.8 106.0 105.1 106.4 105.4 104.9 105.2 Energy | | 5.29 | 108.7 108.3 107.4 107.0 110.8 111.5 108.7 110.6 109.5 | | | Business equipment | | 9.95 | 130.9 131.1 132.2 133.9 133.1 134.2 133.3 134.1 135.3 Transit | | 2.03 | 143.7 142.1 145.5 146.6 147.3 146.7 145.3 147.5 150.9 Information processing | | 2.78 | 148.6 149.8 151.0 151.8 151.4 152.1 151.8 155.0 155.8 Industrial and other | | 5.14 | 117.5 117.8 118.1 120.4 118.9 120.8 119.7 119.2 119.7 Defense and space equipment | | 1.75 | 111.1 111.0 112.9 113.0 112.2 112.3 112.0 112.4 112.5 | | | Construction supplies | | 4.55 | 108.3 109.1 110.2 109.9 109.5 109.3 108.6 108.3 107.3 Business supplies | | 11.02 | 111.9 111.5 111.7 111.8 111.9 112.3 112.0 111.8 111.8 | | | Materials | | 42.57 | 112.7 112.7 113.2 114.2 114.3 114.3 114.1 114.6 114.3 Non-energy | | 30.80 | 117.5 117.7 118.2 119.6 118.9 119.1 118.5 119.3 118.8 Durable | | 19.15 | 126.0 126.5 127.4 129.4 129.1 129.1 129.0 129.8 129.3 Consumer parts | | 3.30 | 98.6 99.1 99.8 99.8 99.7 97.6 96.6 96.7 95.8 Equipment parts | | 6.64 | 170.5 170.5 173.4 178.4 178.1 179.2 180.8 182.0 182.7 Other | | 9.21 | 109.7 110.4 110.4 111.8 111.4 111.7 111.2 112.1 111.2 Nondurable | | 11.64 | 104.7 104.4 104.6 105.0 103.7 104.2 102.9 103.7 103.3 Textile | | .60 | 80.8 81.3 80.7 78.1 75.1 75.8 75.6 74.8 74.6 Paper | | 2.30 | 100.3 99.6 98.4 99.4 99.5 98.5 98.2 99.5 98.7 Chemical | | 5.49 | 111.1 111.2 111.6 111.8 110.0 110.5 109.1 110.6 109.9 Energy | | 11.77 | 101.1 100.9 101.2 101.4 103.3 102.8 103.6 103.6 103.6 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 81.86 | 114.8 114.9 115.7 116.6 115.9 116.1 115.4 115.7 115.7 Manufacturing (NAICS) | 31-33 | 77.70 | 115.8 115.9 116.7 117.7 117.0 117.1 116.5 116.8 116.8 | | | Durable manufacturing | | 41.46 | 123.2 123.4 124.7 126.2 125.5 125.3 124.8 125.3 125.4 Wood products | 321 | 1.39 | 98.2 100.3 101.9 100.8 99.1 97.1 94.5 93.3 94.3 Nonmetallic mineral products | 327 | 2.43 | 108.5 109.2 110.6 111.7 112.0 111.9 111.0 111.5 109.2 Primary metal | 331 | 3.25 | 111.3 112.1 110.6 114.0 112.8 109.2 110.5 112.1 110.9 Fabricated metal products | 332 | 5.63 | 111.1 110.8 112.1 112.5 112.3 112.8 112.9 112.6 111.8 Machinery | 333 | 5.12 | 117.2 117.6 117.5 119.9 117.7 120.5 118.7 118.0 118.2 Computer and electronic products | 334 | 7.51 | 184.2 184.4 187.7 191.6 191.8 192.8 194.5 197.3 198.8 Electrical equipment, appliances, | | | and components | 335 | 2.03 | 109.3 108.7 109.3 109.9 108.7 109.4 107.4 108.1 108.0 Motor vehicles and parts | 3361-3 | 5.54 | 100.8 100.3 102.8 103.6 102.2 99.1 97.5 98.6 98.2 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 3.76 | 131.1 131.1 133.5 134.4 135.3 135.8 135.8 136.9 138.5 Furniture and related products | 337 | 1.57 | 100.4 101.2 102.2 103.2 103.6 101.7 101.1 101.6 100.3 Miscellaneous | 339 | 3.22 | 122.5 123.1 123.4 123.6 123.0 124.7 123.9 122.8 125.3 | | | Nondurable manufacturing | | 36.24 | 107.7 107.8 107.9 108.5 107.7 108.2 107.5 107.6 107.4 Food, beverage, and tobacco products | 311,2 | 10.80 | 113.7 113.3 113.9 114.5 113.5 114.1 113.3 112.3 113.1 Textile and product mills | 313,4 | 1.05 | 87.3 87.8 87.9 85.3 82.6 82.3 82.3 80.7 80.8 Apparel and leather | 315,6 | .64 | 80.0 80.3 79.4 79.5 77.9 77.6 77.3 77.2 78.3 Paper | 322 | 2.61 | 97.3 96.7 96.1 96.8 96.5 96.1 94.7 96.1 95.0 Printing and support | 323 | 2.05 | 104.7 103.1 102.1 101.7 102.5 103.2 102.4 102.7 102.3 Petroleum and coal products | 324 | 3.83 | 107.9 110.6 110.1 110.3 110.4 110.7 109.2 109.8 109.1 Chemical | 325 | 11.81 | 110.5 110.6 110.8 111.8 110.9 111.5 111.0 111.5 111.1 Plastics and rubber products | 326 | 3.46 | 108.0 108.5 109.0 109.9 109.3 110.5 109.6 110.9 109.8 | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.16 | 99.5 99.0 99.4 99.1 98.1 99.4 98.5 98.3 98.4 | | | Mining | 21 | 8.58 | 100.2 99.9 100.4 101.3 100.5 101.7 101.6 102.6 102.7 Utilities | 2211,2 | 9.55 | 109.7 108.0 107.3 106.2 111.5 109.7 109.8 109.8 109.6 Electric | 2211 | 8.04 | 110.7 110.4 109.9 108.4 113.4 112.2 113.1 111.9 112.3 Natural gas | 2212 | 1.51 | 104.8 96.8 95.4 96.1 102.8 98.1 94.3 100.0 96.9 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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| Apr. May June July Aug. Sept. Oct. Nov. Dec. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 113.1 113.0 113.5 114.2 114.1 114.2 113.7 114.0 114.0 | | | Energy | | 20.53 | 106.0 105.6 105.6 105.5 107.9 107.5 107.4 107.9 107.8 Consumer products | | 5.29 | 108.7 108.3 107.4 107.0 110.8 111.5 108.7 110.6 109.5 Commercial products | | 2.74 | 116.6 115.9 115.6 115.0 117.8 115.8 117.5 116.8 117.1 Oil and gas well drilling | 213111 | .72 | 170.6 168.4 171.9 170.3 169.5 169.1 162.8 168.8 172.8 Converted fuel | | 3.79 | 106.3 105.8 105.6 103.9 110.9 109.5 109.2 108.8 108.6 Primary materials | | 7.98 | 98.6 98.5 99.0 100.2 99.5 99.5 100.8 101.1 101.1 | | | Non-energy | | 79.47 | 114.9 114.9 115.6 116.5 115.8 116.0 115.3 115.6 115.6 Selected high-technology industries | | 4.84 | 226.4 228.5 234.4 242.4 243.4 245.3 248.7 252.6 254.6 Computers and peripheral equipment | 3341 | 1.20 | 185.2 193.2 195.0 196.9 197.6 198.0 197.9 201.2 203.4 Communications equipment | 3342 | 1.06 | 168.0 167.3 169.7 171.4 170.9 172.9 172.5 180.2 178.3 Semiconductors and related | | | electronic components | 334412-9 | 2.58 | 277.8 277.0 288.1 305.2 307.4 310.3 319.3 320.0 324.8 | | | Excluding selected high-technology | | | industries | | 74.63 | 109.4 109.3 109.8 110.5 109.7 109.9 109.1 109.3 109.2 | | | Motor vehicles and parts | 3361-3 | 5.54 | 100.8 100.3 102.8 103.6 102.2 99.1 97.5 98.6 98.2 Motor vehicles | 3361 | 2.41 | 100.6 99.1 103.1 105.7 101.9 97.0 94.9 97.9 98.0 Motor vehicle parts | 3363 | 2.72 | 99.5 100.1 101.6 101.6 102.3 100.3 99.2 99.5 98.6 | | | Excluding motor vehicles and parts | | 69.09 | 110.2 110.1 110.4 111.1 110.4 110.8 110.1 110.2 110.2 Consumer goods | | 20.91 | 109.6 109.2 109.6 110.1 109.4 109.6 109.2 108.6 108.9 Business equipment | | 7.81 | 123.8 123.7 124.4 126.1 125.4 126.9 126.0 126.2 127.6 Construction supplies | | 4.52 | 107.7 108.5 109.5 109.3 108.9 108.6 107.9 107.6 106.7 Business supplies | | 7.93 | 106.1 105.8 106.0 106.1 105.4 106.5 105.5 105.4 105.2 Materials | | 26.14 | 108.8 108.9 109.0 110.0 109.0 109.4 108.6 109.4 108.9 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.16 | 108.6 108.5 108.9 109.4 109.3 109.3 108.7 109.0 108.9 Manufacturing<1> | | 77.02 | 109.5 109.5 110.0 110.8 110.0 110.1 109.4 109.6 109.5 Durable | | 36.79 | 112.5 112.6 113.5 114.5 113.8 113.4 112.7 113.1 113.0 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.46 | 113.9 113.8 114.2 114.9 114.9 115.2 114.7 115.0 115.0 Manufacturing<1> | | 76.32 | 116.0 116.2 116.7 117.7 117.0 117.5 116.9 117.1 117.1 Durable | | 36.09 | 127.3 127.6 128.7 130.3 129.8 130.1 129.8 130.3 130.5 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 89.62 | 109.1 109.0 109.3 109.8 109.7 110.0 109.4 109.6 109.5 Manufacturing<1> | | 71.48 | 110.2 110.3 110.6 111.3 110.6 111.1 110.3 110.5 110.4 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 12.85 | 129.2 129.3 130.3 132.3 132.0 131.6 131.7 132.5 132.3 Primary and semifinished processors | | 17.95 | 108.9 109.2 109.5 110.5 109.5 110.1 109.0 109.9 109.2 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 57.4 55.1 43.6 54.5 45.0 55.6 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 59.7 53.5 51.8 43.6 51.8 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 57.8 61.4 48.8 51.2 ------------------------------------------------------------------------------------------------------- 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| 2007 | 2007 Item | NAICS | Proportion| Ave. High High Low| Q1 Q2 Q3 r Q4 | Sept. Oct. Nov. Dec. -------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.0 85.1 73.6 | 81.3 81.7 82.0 81.5 | 81.9 81.4 81.6 81.4 | | | | | Manufacturing<1> | | 82.52 | 79.8 85.4 84.6 71.6 | 79.8 80.3 80.6 79.8 | 80.4 79.8 79.8 79.7 Manufacturing (NAICS) | 31-33 | 78.53 | 79.6 85.3 84.7 71.0 | 79.6 80.0 80.4 79.6 | 80.1 79.6 79.7 79.5 | | | | | Durable manufacturing | | 42.55 | 78.0 84.5 84.2 68.1 | 77.7 78.4 79.0 78.0 | 78.5 78.0 78.1 78.0 Wood products | 321 | 1.41 | 80.2 88.2 87.7 71.0 | 73.1 74.6 73.8 70.2 | 72.5 70.5 69.6 70.5 Nonmetallic mineral products | 327 | 2.34 | 79.5 85.1 84.1 75.8 | 78.0 78.6 80.1 78.9 | 80.1 79.3 79.6 77.9 Primary metal | 331 | 2.86 | 80.8 93.8 95.6 68.5 | 84.4 87.0 87.3 86.3 | 85.0 85.8 87.0 86.0 Fabricated metal products | 332 | 5.63 | 77.3 81.6 85.1 69.2 | 79.9 80.6 81.2 80.9 | 81.3 81.3 81.0 80.3 Machinery | 333 | 5.14 | 78.7 85.2 87.6 63.7 | 78.4 78.6 79.5 78.4 | 80.1 78.8 78.2 78.2 Computer and electronic products | 334 | 8.43 | 78.3 81.4 84.3 58.6 | 75.3 74.3 74.5 73.8 | 73.9 73.7 74.0 73.7 Electrical equip., appliances, | | | | | and components | 335 | 1.90 | 83.2 89.1 93.1 71.8 | 85.0 86.2 86.3 84.9 | 86.2 84.6 85.1 84.9 Motor vehicles and parts | 3361-3 | 5.92 | 77.5 89.7 89.0 68.9 | 73.6 76.7 77.8 76.0 | 76.2 75.3 76.4 76.3 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 3.96 | 72.5 87.1 68.5 62.8 | 80.3 80.6 82.2 82.9 | 82.4 82.3 82.8 83.6 Furniture and related products | 337 | 1.61 | 78.5 82.2 82.9 67.8 | 76.6 76.7 77.8 76.4 | 76.9 76.5 76.8 75.9 Miscellaneous | 339 | 3.36 | 76.7 82.5 81.3 70.6 | 78.3 79.1 78.6 77.9 | 78.9 78.1 77.1 78.3 | | | | | Nondurable manufacturing | | 35.98 | 81.7 86.8 85.4 74.9 | 82.0 82.0 82.1 81.4 | 82.1 81.5 81.5 81.3 Food, beverage, and tobacco products | 311,2 | 10.67 | 81.6 85.9 84.1 75.6 | 82.6 83.0 82.9 81.8 | 82.9 82.2 81.4 81.8 Textile and product mills | 313,4 | 1.09 | 82.3 91.2 91.4 68.8 | 74.6 75.6 72.5 71.1 | 71.7 71.8 70.7 70.9 Apparel and leather | 315,6 | .70 | 78.7 84.3 87.1 59.5 | 74.9 75.2 74.3 74.2 | 73.9 73.7 73.9 75.1 Paper | 322 | 2.46 | 87.8 92.5 92.0 78.9 | 84.3 84.1 84.1 83.2 | 83.8 82.6 83.9 83.0 Printing and support | 323 | 2.08 | 83.7 91.8 86.4 72.7 | 80.6 78.4 77.4 77.1 | 77.9 77.1 77.3 76.9 Petroleum and coal products | 324 | 3.77 | 86.2 89.0 90.6 83.7 | 92.3 90.7 91.3 90.3 | 91.5 90.2 90.7 90.0 Chemical | 325 | 12.01 | 78.3 85.1 81.4 70.2 | 77.8 78.0 78.4 78.1 | 78.4 78.0 78.3 77.9 Plastics and rubber products | 326 | 3.20 | 83.9 89.8 91.9 75.1 | 85.4 86.7 87.2 86.9 | 87.5 86.7 87.5 86.4 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.99 | 84.7 91.0 83.3 81.3 | 84.0 84.3 83.8 83.2 | 84.2 83.4 83.1 83.2 | | | | | Mining | 21 | 8.25 | 87.4 86.1 88.9 84.8 | 90.0 89.9 90.8 91.8 | 91.2 91.2 92.1 92.1 Utilities | 2211,2 | 9.23 | 86.7 92.7 93.7 83.8 | 86.4 85.8 86.2 86.4 | 86.6 86.6 86.5 86.2 | | | | | Selected high-technology industries | | 5.48 | 78.0 80.8 87.4 56.2 | 77.9 77.4 78.5 77.6 | 77.9 77.8 77.8 77.3 Computers and peripheral equipment | 3341 | 1.39 | 78.1 79.9 84.2 62.8 | 82.3 85.2 83.0 79.5 | 81.5 79.8 79.6 79.0 Communications equipment | 3342 | 1.29 | 75.4 80.8 86.6 40.2 | 77.6 78.6 79.6 81.4 | 79.9 79.5 82.9 81.8 Semiconductors and related | | | | | electronic components | 334412-9 | 2.80 | 80.6 82.9 93.5 58.1 | 75.6 72.9 75.8 75.2 | 75.1 76.0 74.9 74.7 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 94.52 | 81.2 85.4 85.0 74.7 | 81.7 82.1 82.4 81.9 | 82.4 81.9 82.0 81.9 Manufacturing<1> | | 77.04 | 79.9 85.9 84.5 72.8 | 80.2 80.7 81.0 80.2 | 80.8 80.2 80.3 80.1 | | | | | Stage-of-process groups | | | | | Crude | | 12.41 | 86.5 88.1 89.5 82.0 | 88.7 89.2 89.7 90.1 | 90.0 89.4 90.6 90.3 Primary and semifinished | | 48.00 | 82.2 86.5 88.2 74.6 | 82.2 82.2 82.7 81.9 | 82.6 82.0 82.1 81.7 Finished | | 39.59 | 77.8 82.8 80.5 70.0 | 78.0 78.6 78.8 78.1 | 78.6 78.2 78.0 78.3 -------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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-| | 2007 | 2007 Item | 79 88 94 2007 | 2004 2005 2006 2007 | Q1 Q2 Q3 Q4 | Dec. ----------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 3.1 2.0 2.3 3.3 | .1 1.1 2.4 1.8 | 2.1 1.8 1.7 1.8 | .2 | | | | Manufacturing<1> | 3.3 2.3 2.6 3.7 | .0 1.7 2.7 2.1 | 2.3 2.1 2.1 2.1 | .2 | | | | Mining | .8 .1 -.9 -.5 | -.3 -1.7 .6 .4 | .9 .3 .2 .3 | .0 Utilities | 4.3 2.1 1.6 2.2 | 2.6 .0 2.1 1.5 | 2.1 1.5 1.2 1.2 | .1 | | | | | | | | Selected high-technology industries | 20.9 19.1 17.3 27.2 | 4.3 18.3 19.6 19.6 | 19.5 19.5 19.6 19.7 | 1.5 Manufacturing<1> ex. selected | | | | high-technology industries | 2.6 1.3 1.6 1.6 | -.2 .6 1.4 1.0 | 1.1 .9 .9 1.0 | .1 | | | | Stage-of-process groups | | | | Crude | 1.7 .3 -.4 -.1 | -.1 -1.1 .3 .5 | .5 .3 .4 .6 | .1 Primary and semifinished | 3.0 1.4 2.6 3.9 | .4 1.4 3.0 2.3 | 2.8 2.2 2.1 2.1 | .2 Finished | 3.9 3.5 2.7 3.4 | .5 2.0 2.3 1.9 | 2.0 1.9 1.9 2.0 | .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 | 2007 | Q4 Q1 Q2 Q3 r Q4 | Sept. Oct. Nov. Dec. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,812.5 | 3,091.7 | 3,060.2 3,072.1 3,089.6 3,111.7 3,092.3 | 3,109.3 3,084.2 3,095.3 3,097.4 | | | | Final products | 2,112.0 | 2,347.3 | 2,321.5 2,332.3 2,344.1 2,364.7 2,349.3 | 2,362.0 2,338.9 2,352.4 2,356.5 | | | | Consumer goods | 1,480.7 | 1,636.0 | 1,610.7 1,627.7 1,636.9 1,647.9 1,632.9 | 1,644.6 1,628.3 1,635.8 1,634.8 Durable | 471.7 | 506.5 | 498.2 496.8 514.1 515.5 503.3 | 506.3 500.2 505.2 504.6 Automotive products | 278.9 | 298.7 | 291.1 290.4 304.7 306.1 297.8 | 297.7 294.4 299.1 299.8 Other durable goods | 192.9 | 207.6 | 206.7 206.0 209.2 209.3 205.4 | 208.3 205.5 205.9 204.7 Nondurable | 1,009.0 | 1,123.8 | 1,107.0 1,124.1 1,118.6 1,127.9 1,123.8 | 1,132.4 1,122.0 1,124.9 1,124.5 | | | | Equipment, total | 631.3 | 721.4 | 722.2 714.5 716.9 727.1 727.2 | 728.0 721.1 727.5 733.1 Business and defense | 614.9 | 704.9 | 706.0 697.3 699.8 710.7 711.5 | 712.2 706.3 711.7 716.6 Business | 556.8 | 636.0 | 637.4 628.3 631.1 641.7 642.7 | 643.6 637.4 642.7 647.9 Defense and space | 58.2 | 71.6 | 71.4 71.5 71.3 71.9 71.8 | 71.6 71.6 71.9 71.9 | | | | Nonindustrial supplies | 700.5 | 745.4 | 739.6 740.8 746.4 748.2 744.2 | 748.4 746.1 744.1 742.4 Construction supplies | 197.2 | 204.5 | 204.0 202.8 205.8 206.2 202.9 | 205.3 203.8 203.3 201.5 Business supplies | 503.3 | 541.0 | 535.7 538.2 540.6 542.2 541.7 | 543.4 542.6 541.1 541.3 Commercial energy products | 136.0 | 158.4 | 156.3 157.5 158.1 158.3 159.5 | 157.4 159.9 159.0 159.5 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | | |---------------------|----------------------------|----------------------------| Dec. '06 | 2006 | | 2007 | 2007 | to Item | gross value<1>| 2005 2006 2007 | Q1 Q2 Q3 r Q4 | Sept. Oct. Nov. Dec. | Dec. '07 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 1980.5 | 5.6 3.4 1.0 | -1.2 4.6 3.2 -2.5 | -.2 -.5 .3 .5 | .1 Semifinished | 1754.9 | 6.2 2.5 1.7 | .2 3.7 4.5 -1.6 | .4 -.5 -.2 -.2 | 1.5 Primary | 992.6 | -.8 .1 2.1 | 7.2 .6 4.6 -3.7 | -1.0 -1.0 .9 -.8 | 3.1 Crude | 420.0 | -8.3 7.1 2.5 | .9 4.3 2.6 2.1 | 1.3 -.8 1.5 -.3 | 2.0 | | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 -.1 .1 -.5 .3 .0 | 1.1 3.5 3.6 -1.0 | 2.1 | | | 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 | 111.7 112.5 112.4 113.1 113.0 113.5 114.2 114.1 114.2 113.7 114.0 114.0 | 112.2 113.2 114.2 113.9 | 113.4 | | | 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 | 137.8 138.0 138.2 138.4 138.6 138.8 139.0 139.2 139.4 139.6 139.8 140.0 | 138.0 138.6 139.2 139.8 | 138.9 | | | 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 82.0 81.9 81.4 81.6 81.4 | 81.3 81.7 82.0 81.5 | 81.6 ------------------------------------------------------------------------------------------------------------------------------------------- <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 -.6 .2 -.6 .3 .0 | .8 4.3 3.6 -1.9 | 2.0 | | | 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 | 113.7 113.6 114.4 114.8 114.9 115.7 116.6 115.9 116.1 115.4 115.7 115.7 | 113.9 115.1 116.2 115.6 | 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 | 142.5 142.7 143.0 143.2 143.5 143.7 143.9 144.2 144.4 144.7 144.9 145.2 | 142.7 143.5 144.2 144.9 | 143.8 | | | 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 80.4 80.4 79.8 79.8 79.7 | 79.8 80.3 80.6 79.8 | 80.1 ------------------------------------------------------------------------------------------------------------------------------------------- <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 -.1 .1 -.6 .2 -.1 | .6 2.8 2.5 -1.8 | 1.2 | | | 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 | 107.4 108.3 108.1 108.6 108.5 108.9 109.4 109.3 109.3 108.7 109.0 108.9 | 107.9 108.7 109.3 108.9 | 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 | 132.0 132.1 132.2 132.3 132.4 132.5 132.5 132.6 132.7 132.8 132.9 133.0 | 132.1 132.4 132.6 132.9 | 132.5 | | | 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 82.4 82.4 81.9 82.0 81.9 | 81.7 82.1 82.4 81.9 | 82.0 ------------------------------------------------------------------------------------------------------------------------------------------- <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 -.7 .2 -.7 .2 -.1 | .3 3.6 2.3 -2.9 | .9 | | | 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 | 108.5 108.4 109.2 109.5 109.5 110.0 110.8 110.0 110.1 109.4 109.6 109.5 | 108.7 109.7 110.3 109.5 | 109.5 | | | 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 | 135.5 135.6 135.7 135.8 135.9 136.0 136.1 136.2 136.3 136.4 136.5 136.7 | 135.6 135.9 136.2 136.5 | 136.1 | | | 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 81.4 80.7 80.8 80.2 80.3 80.1 | 80.2 80.7 81.0 80.2 | 80.5 ------------------------------------------------------------------------------------------------------------------------------------------- <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, c