FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EST) February 15, 2008 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production increased 0.1 percent in January for a second consecutive month. Output in the manufacturing sector was unchanged in January, as lower output of motor vehicles and parts offset a small net gain elsewhere. The output of utilities climbed 2.2 percent, while the output of mines moved down 1.8 percent. At 114.2 percent of its 2002 average, overall industrial production was 2.3 percent above its January 2007 level. The rate of capacity utilization in January was unchanged, at 81.5 percent, a rate 0.4 percentage point above its year-earlier level and 0.5 percentage point above its 1972-2007 average. Market Groups ------------- The production of consumer goods increased 0.3 percent in January: Consumer energy products advanced, consumer non-energy nondurables remained unchanged, and consumer durables fell. Both higher fuel output and an increase in residential energy sales contributed to the jump of 2.9 percent in the index for consumer energy goods. Among non-energy nondurables, small gains in the production of food and tobacco and of paper were offset by declines for chemicals and for clothing. Among consumer durables categories, the production of appliances, furniture, and carpeting dropped 2.1 percent, and the output of automotive products fell 1.2 percent; however, the output of home electronics and of miscellaneous consumer durables rose. The output of business equipment rose 0.4 percent in January; increases in information processing equipment and in transit equipment outweighed a decrease in industrial and other equipment. The index for information processing equipment rose 1.6 percent as a result of further moderate gains in most of its components. The increase of 0.7 percent in transit equipment was concentrated in civilian aircraft; auto and truck assemblies both declined. Lower production indexes for machinery used in mining, in basic industry, and in farming contributed to the decrease of 0.4 percent in the index for industrial and other equipment. The output of defense and space equipment increased 0.9 percent after having been unchanged in December. Gains were widespread among its components. The output of construction supplies fell 1.1 percent in January after a rise of the same magnitude in December; production in January was 1.2 percent below its year-earlier level and about 4 percent below its peak in 2006. The output of business supplies increased 0.5 percent. The production of non-energy materials edged down 0.1 percent in January, while the output of energy materials was unchanged. Among non-energy materials, the index for durable materials declined 0.2 percent. For the second consecutive month, a gain in equipment parts partly offset decreases in consumer parts and in other durable materials. In January, the advance in equipment parts was broadly based. Declines in indexes related to motor vehicle parts contributed significantly to the overall decrease for consumer parts, while the production of other durable materials was restrained by declines in metals, in plastics, in sawmills, and in stone, sand, and gravel mining. The output of nondurable materials was unchanged, as an increase in chemical materials was offset by large declines in textile materials and paper materials. The output of energy materials was unchanged; the output of utilities rose, but oil and gas extraction and related operations fell. Industry Groups --------------- Manufacturing production was unchanged in January after an increase of 0.2 percent in December. The factory operating rate decreased 0.1 percentage point in January, to 79.7 percent, a level 0.1 percentage point below its 1972-2007 average. The index for durable goods was unchanged. The indexes for computer and electronic products, for nonmetallic mineral products, and for aerospace and miscellaneous transportation equipment all posted sizable gains. However, output declined for wood products, primary metals, motor vehicles and parts, and furniture and related products. The production of nondurables edged up 0.1 percent. The output of petroleum and coal products advanced 2.6 percent, and the output of food, beverage, and tobacco products rose 0.4 percent. In contrast, the output index for textile and product mills fell 2.7 percent, and the output indexes for plastics and rubber products and for printing and support each fell about 1.5 percent. The output of non-NAICS industries (publishing and logging) edged up 0.1 percent. The output of electric utilities increased 2.1 percent in January, and the output of natural gas utilities climbed 3.0 percent. The operating rate at utilities rose 1.8 percentage points, to 87.7 percent, a level 1.0 percentage point above its 1972-2007 average. Mining production fell 1.8 percent, with widespread decreases among its components. The capacity utilization rate for mining declined 1.8 percentage points, to 90.6 percent, a rate 3.1 percentage points above its long-run average. Capacity utilization at industries grouped by stage of processing changed as follows: For the crude stage, utilization decreased nearly 1 percentage point, to 89.8 percent, a rate that is 3.2 percentage points above its 1972-2007 average. For the primary and semifinished stages, utilization increased 0.2 percentage point, to 81.9 percent. For the finished stage, utilization was unchanged at 78.3 percent. Capacity Notice The data in this release include preliminary estimates of industrial capacity for 2008. Measured fourth quarter to fourth quarter, total industrial capacity is projected to rise 1.9 percent this year after having expanded 1.8 percent in 2007. Manufacturing capacity is estimated to increase 2.1 percent in 2008, the same amount as in 2007. In 2008, mining capacity is estimated to expand 0.7 percent, and utilities capacity is projected to rise 1.9 percent; both rates of increase would be slightly faster than for last year. With the publication on March 28, 2008, of the annual revision to industrial production, capacity, and capacity utilization, these estimates will be updated to reflect more-comprehensive source data, including the 2006 Survey of Plant Capacity, physical capacity data from government and trade sources, and the revised production indexes. 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 on March 28, 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. Over the past year, with a six-month window, an additional 3 percent to 4 percent of IP would have reflected source data. 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 reflect the revised production indexes and 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 2008 | 2007 2008 | Jan. '07 to Industrial production | Oct. Nov. Dec. Jan. | Oct. Nov. Dec. Jan. | Jan. '08 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 113.5 114.0 114.1 114.2 | -.6 .4 .1 .1 | 2.3 Previous estimates | 113.7 114.0 114.0 | -.5 .3 .0 | | | | Major market groups | | | Final Products | 114.2 114.7 115.0 115.3 | -.8 .4 .2 .3 | 2.3 Consumer goods | 108.5 108.7 108.7 109.0 | -.9 .2 .0 .3 | 1.5 Business equipment | 133.5 134.4 135.6 136.1 | -.5 .6 .9 .4 | 5.6 Nonindustrial supplies | 110.8 110.8 110.9 110.9 | -.6 -.1 .1 .0 | .8 Construction | 107.8 107.2 108.3 107.1 | -1.4 -.5 1.1 -1.1 | -1.2 Materials | 113.9 114.5 114.5 114.4 | -.3 .5 .0 -.1 | 2.8 | | | Major industry groups | | | Manufacturing (see note below) | 115.4 115.7 115.9 116.0 | -.6 .3 .2 .0 | 2.0 Previous estimates | 115.4 115.7 115.7 | -.6 .3 .0 | Mining | 101.4 103.1 103.0 101.1 | -.3 1.7 -.1 -1.8 | .9 Utilities | 109.0 109.4 109.2 111.6 | -.7 .4 -.2 2.2 | 6.2 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1994-95 2001-02 2007 | 2007 2008 | Jan. '07 to Capacity utilization | 1972-2007 High Low Jan. | Oct. Nov. Dec. Jan. | Jan. '08 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.0 85.1 73.6 81.1 | 81.4 81.5 81.5 81.5 | 1.8 Previous estimates | | 81.4 81.6 81.4 | | | | Manufacturing (see note below) | 79.8 84.6 71.6 79.8 | 79.8 79.8 79.8 79.7 | 2.1 Previous estimates | | 79.8 79.8 79.7 | Mining | 87.5 88.9 84.8 90.1 | 90.9 92.5 92.4 90.6 | .3 Utilities | 86.7 93.7 83.8 83.7 | 85.9 86.2 85.9 87.7 | 1.3 | | | Stage-of-process groups | | | Crude | 86.6 89.5 82.0 88.2 | 89.2 90.8 90.7 89.8 | .5 Primary and semifinished | 82.2 88.2 74.6 81.9 | 81.8 81.8 81.7 81.9 | 2.1 Finished | 77.8 80.5 70.0 77.9 | 78.3 78.2 78.3 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 | | | |---------------------|----------------------------|----------------------------| Jan. '07 | | 2007 | | 2007 | 2007 2008 | to Item | NAICS |Proportion<1>| 2005 2006 2007 | Q1 Q2 Q3 Q4 r | Oct. Nov. Dec. Jan. | Jan. '08 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 3.2 3.5 1.8 | 1.1 3.5 3.6 -1.0 | -.6 .4 .1 .1 | 2.3 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 57.43 | 4.8 2.6 1.2 | 1.5 2.9 2.6 -2.0 | -.8 .3 .2 .2 | 1.9 Consumer goods | | 29.18 | 2.7 1.1 1.0 | 3.4 2.3 1.8 -3.4 | -.9 .2 .0 .3 | 1.5 Durable | | 7.05 | 2.3 -2.5 1.0 | -.7 12.8 1.2 -8.1 | -1.2 .5 .5 -.7 | 2.2 Automotive products | | 3.28 | -1.8 -4.6 2.8 | .4 20.2 1.2 -8.6 | -1.1 1.3 1.2 -1.2 | 5.6 Home electronics | | .37 | 16.8 13.1 16.6 | 40.8 21.6 -1.3 9.2 | -.8 4.4 1.0 1.4 | 14.4 Appliances, furniture, carpeting | | 1.16 | 3.1 -4.7 -5.0 | -8.2 4.2 -4.6 -10.8 | -1.1 -.8 -.9 -2.1 | -6.4 Miscellaneous goods | | 2.24 | 6.4 -.6 -.8 | -4.0 5.4 4.9 -8.6 | -1.4 -.7 .0 .4 | -.1 Nondurable | | 22.13 | 2.9 2.2 1.0 | 4.7 -.8 2.0 -1.9 | -.8 .1 -.2 .6 | 1.2 Non-energy | | 17.14 | 3.4 2.7 .7 | 2.1 1.2 .9 -1.5 | .0 -.5 -.1 .0 | -.2 Foods and tobacco | | 9.37 | 4.8 2.2 1.3 | 4.3 2.9 .3 -2.3 | -.2 -.2 -.6 .2 | .1 Clothing | | .57 | -.3 .7 -3.7 | 1.3 -1.5 -7.4 -6.9 | -.5 -.5 1.3 -.2 | -4.5 Chemical products | | 4.85 | .9 3.8 -.5 | -2.2 -3.3 3.3 .4 | .8 -1.1 .3 -.4 | -1.2 Paper products | | 1.84 | 2.2 3.3 1.2 | 2.2 3.9 1.1 -2.3 | -.5 -1.0 .4 .1 | 1.8 Energy | | 4.99 | 1.7 .7 1.9 | 13.5 -7.5 6.1 -3.3 | -3.6 2.2 -.4 2.9 | 5.9 | | | | | | Business equipment | | 10.15 | 11.2 9.7 3.5 | -1.3 5.8 7.2 2.4 | -.5 .6 .9 .4 | 5.6 Transit | | 2.10 | 20.5 16.9 1.6 | -1.2 -1.3 9.0 .2 | -.4 .6 .5 .7 | 3.2 Information processing | | 2.80 | 13.7 10.1 9.0 | 9.3 10.8 5.4 10.7 | .8 1.9 1.0 1.6 | 11.0 Industrial and other | | 5.25 | 6.7 6.9 1.3 | -6.9 6.0 7.6 -1.0 | -1.2 .0 1.0 -.4 | 3.8 Defense and space equipment | | 1.76 | 3.8 2.3 -.5 | -1.2 -2.0 3.0 -1.5 | -1.0 1.3 .0 .9 | -.3 | | | | | | Construction supplies | | 4.56 | 8.0 -2.1 -.7 | -2.8 5.6 1.3 -6.5 | -1.4 -.5 1.1 -1.1 | -1.2 Business supplies | | 10.96 | 3.4 2.4 1.1 | .9 2.0 1.2 .2 | -.2 .1 -.3 .5 | 1.7 | | | | | | Materials | | 42.57 | 1.1 4.7 2.5 | .5 4.2 5.1 .2 | -.3 .5 .0 -.1 | 2.8 Non-energy | | 31.26 | 3.5 4.5 2.3 | .3 5.5 4.9 -1.4 | -.7 .7 .0 -.1 | 2.6 Durable | | 19.41 | 7.0 5.6 4.0 | -.1 7.3 8.6 .5 | -.2 .7 -.1 -.2 | 4.0 Consumer parts | | 3.19 | 1.7 -3.2 -1.7 | -1.9 7.6 -.5 -11.0 | -1.2 .5 -1.7 -.8 | -2.3 Equipment parts | | 6.60 | 16.0 19.4 7.2 | -1.9 5.2 17.6 8.8 | 1.0 .9 .5 1.1 | 9.3 Other | | 9.62 | 2.7 -.7 3.7 | 1.9 8.8 5.6 -1.2 | -.8 .7 -.1 -.8 | 2.6 Nondurable | | 11.85 | -2.1 2.6 -.5 | 1.0 2.7 -1.0 -4.5 | -1.4 .5 .1 .0 | .2 Textile | | .54 | .2 -7.3 -9.7 | -9.8 -.7 -20.9 -6.1 | -.7 -.7 .7 -3.1 | -10.0 Paper | | 2.27 | -.2 2.5 -1.8 | -3.9 -4.5 -1.2 2.5 | -.3 1.4 2.0 -1.3 | .1 Chemical | | 5.76 | -6.5 4.7 .6 | 7.5 4.3 -1.8 -7.0 | -1.7 .6 -.7 .4 | .0 Energy | | 11.31 | -4.2 5.4 3.0 | 1.0 .6 5.6 4.9 | .7 .2 .2 .0 | 3.4 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 82.27 | 4.4 3.4 1.7 | .8 4.3 3.6 -1.7 | -.6 .3 .2 .0 | 2.0 Manufacturing (NAICS) | 31-33 | 78.11 | 4.6 3.6 1.9 | 1.0 4.4 3.9 -1.7 | -.6 .3 .2 .0 | 2.1 | | | | | | Durable manufacturing | | 41.83 | 7.9 4.7 3.0 | -.4 7.3 6.3 -.7 | -.5 .6 .5 .0 | 4.1 Wood products | 321 | 1.24 | 10.5 -14.5 -5.3 | -5.4 8.3 -4.6 -17.9 | -2.7 -1.8 2.6 -2.6 | -5.8 Nonmetallic mineral products | 327 | 2.44 | 5.8 -1.9 .4 | -5.3 4.5 9.2 -5.9 | -1.3 .6 -1.9 1.2 | .4 Primary metal | 331 | 3.58 | -2.3 -3.5 6.4 | 10.1 13.5 2.6 -.2 | 1.0 1.2 2.1 -1.6 | 4.7 Fabricated metal products | 332 | 5.83 | 6.1 3.8 2.6 | -.2 5.2 4.4 1.3 | -.1 .5 -.3 -.3 | 3.0 Machinery | 333 | 5.13 | 8.2 5.3 -1.3 | -9.4 3.0 6.8 -4.9 | -2.1 -.4 .7 -.1 | 1.6 Computer and electronic products | 334 | 7.28 | 18.3 18.3 9.8 | 3.1 8.5 15.2 12.9 | 1.4 1.5 1.0 1.7 | 12.4 Electrical equipment, appliances, | | | | | | and components | 335 | 2.13 | 3.8 2.4 2.7 | 5.4 6.9 .9 -2.1 | -1.4 .7 1.1 .3 | 3.4 Motor vehicles and parts | 3361-3 | 5.27 | .2 -3.8 -1.8 | -7.5 13.3 1.2 -12.3 | -1.5 1.1 .2 -1.3 | 1.2 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 4.09 | 15.0 14.7 7.3 | 10.3 4.0 10.3 4.8 | .1 .9 .0 .8 | 5.8 Furniture and related products | 337 | 1.51 | 1.7 -1.2 -2.4 | -8.6 .7 6.2 -7.2 | -.6 .1 -.7 -2.0 | -3.2 Miscellaneous | 339 | 3.32 | 8.7 4.8 3.3 | 1.6 8.8 2.6 .4 | -.8 -.4 1.2 .3 | 4.0 | | | | | | Nondurable manufacturing | | 36.28 | .9 2.3 .5 | 2.6 1.2 1.3 -2.9 | -.8 .0 -.2 .1 | -.2 Food, beverage, and tobacco products | 311,2 | 11.09 | 5.3 2.6 1.7 | 3.9 4.0 1.4 -2.5 | -.4 -.2 -.5 .4 | .9 Textile and product mills | 313,4 | .95 | 2.0 -7.7 -8.0 | -8.4 2.7 -18.0 -7.1 | -.4 -.7 .9 -2.7 | -8.6 Apparel and leather | 315,6 | .61 | .4 -.1 -3.6 | .3 -2.0 -7.5 -5.0 | -.4 -.7 1.5 .0 | -3.9 Paper | 322 | 2.56 | -.1 -.1 -2.2 | -6.0 -1.5 -.8 -.4 | -1.5 1.5 2.4 -.6 | 1.4 Printing and support | 323 | 2.02 | 1.9 5.2 -2.3 | 3.1 -8.9 -3.0 .1 | -.8 .4 -.6 -1.4 | -4.5 Petroleum and coal products | 324 | 3.33 | -3.6 2.6 -.3 | 8.8 -7.1 3.3 -5.5 | -1.3 -.6 .3 2.6 | -1.2 Chemical | 325 | 12.15 | -2.5 3.8 .5 | 1.3 1.8 2.8 -3.9 | -.8 -.2 -.4 .1 | .2 Plastics and rubber products | 326 | 3.58 | 3.0 .2 4.9 | 6.7 8.6 5.2 -.6 | -.7 .6 -1.1 -1.5 | 1.2 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.17 | .6 .2 -.8 | -1.9 2.3 -1.6 -2.0 | -.5 -.9 .0 .1 | -.2 | | | | | | Mining | 21 | 8.02 | -5.5 8.0 1.1 | -4.8 .1 4.1 5.3 | -.3 1.7 -.1 -1.8 | .9 Utilities | 2211,2 | 9.70 | 2.1 .3 2.6 | 8.7 -1.0 3.1 .1 | -.7 .4 -.2 2.2 | 6.2 Electric | 2211 | 8.16 | 3.4 .0 3.4 | 7.9 -.5 3.7 2.5 | .6 -1.2 .2 2.1 | 5.5 Natural gas | 2212 | 1.54 | -3.4 1.9 -1.2 | 13.3 -3.7 .1 -12.7 | -7.8 9.9 -2.2 3.0 | 10.0 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | | | |---------------------|----------------------------|----------------------------| Jan. '07 | | 2007 | | 2007 | 2007 2008 | to Item | NAICS | Proportion| 2005 2006 2007 | Q1 Q2 Q3 Q4 r | Oct. Nov. Dec. Jan. | Jan. '08 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 3.2 3.5 1.8 | 1.1 3.5 3.6 -1.0 | -.6 .4 .1 .1 | 2.3 | | | | | | Energy | | 19.76 | -1.8 4.0 2.6 | 4.8 -1.4 4.8 2.4 | -.4 .8 -.1 .9 | 4.0 Consumer products | | 4.99 | 1.7 .7 1.9 | 13.5 -7.5 6.1 -3.3 | -3.6 2.2 -.4 2.9 | 5.9 Commercial products | | 2.72 | .5 2.3 3.1 | 4.0 3.6 .7 4.3 | 1.5 .4 -1.1 2.0 | 4.8 Oil and gas well drilling | 213111 | .75 | 11.8 14.7 -.9 | 8.6 -6.3 -1.5 -3.6 | -3.8 3.7 2.3 -1.9 | -1.8 Converted fuel | | 3.82 | -2.5 2.2 5.6 | 5.3 5.9 8.5 2.6 | 1.1 -3.3 1.4 1.4 | 7.8 Primary materials | | 7.48 | -4.9 6.8 1.8 | -1.0 -1.9 4.1 6.1 | .5 2.1 -.5 -.8 | 1.3 | | | | | | Non-energy | | 80.24 | 4.6 3.3 1.6 | .1 4.7 3.4 -1.8 | -.6 .3 .2 -.1 | 1.9 Selected high-technology industries | | 4.74 | 28.1 24.6 17.2 | 9.2 16.6 26.4 17.2 | 2.2 1.3 1.0 1.9 | 18.8 Computers and peripheral equipment | 3341 | 1.33 | 30.4 12.1 24.3 | 32.8 39.4 14.0 13.1 | 1.3 1.8 1.0 1.3 | 22.0 Communications equipment | 3342 | 1.07 | 12.9 14.8 15.1 | 27.7 8.3 8.2 17.3 | 1.5 2.4 .7 1.9 | 14.4 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.34 | 33.8 34.8 15.0 | -6.9 9.5 43.7 19.5 | 2.9 .5 1.2 2.2 | 19.4 | | | | | | Excluding selected high-technology | | | | | | industries | | 75.49 | 3.1 1.9 .6 | -.5 3.9 2.0 -3.0 | -.8 .2 .1 -.2 | .8 | | | | | | Motor vehicles and parts | 3361-3 | 5.27 | .2 -3.8 -1.8 | -7.5 13.3 1.2 -12.3 | -1.5 1.1 .2 -1.3 | 1.2 Motor vehicles | 3361 | 2.25 | -2.5 -6.0 -1.5 | -10.6 23.1 2.4 -16.5 | -1.6 2.3 .8 -1.7 | 4.6 Motor vehicle parts | 3363 | 2.65 | 1.3 -.2 .0 | -4.0 8.8 3.9 -8.1 | -1.1 .7 -1.0 -1.0 | .1 | | | | | | Excluding motor vehicles and parts | | 70.23 | 3.4 2.4 .7 | .1 3.2 2.0 -2.3 | -.7 .1 .1 -.2 | .8 Consumer goods | | 21.05 | 3.6 1.8 .2 | 1.0 1.8 .8 -2.6 | -.2 -.5 -.1 -.1 | -.5 Business equipment | | 8.07 | 8.9 10.2 2.4 | -3.3 4.4 7.3 1.3 | -.8 .3 .9 .2 | 4.5 Construction supplies | | 4.52 | 8.0 -2.2 -.8 | -3.0 5.6 1.3 -6.6 | -1.4 -.5 1.1 -1.1 | -1.3 Business supplies | | 7.93 | 3.1 1.0 -.2 | .0 1.2 .1 -1.9 | -.9 .0 -.1 -.1 | .0 Materials | | 26.87 | .7 2.3 1.3 | 1.1 4.6 2.1 -2.4 | -.9 .6 .0 -.2 | 1.4 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.26 | 1.9 2.4 1.0 | .6 2.8 2.5 -1.9 | -.7 .3 .1 .0 | 1.5 Manufacturing<1> | | 77.53 | 2.9 2.0 .8 | .3 3.6 2.3 -2.9 | -.8 .2 .1 -.1 | .9 Durable | | 37.27 | 5.2 2.0 1.3 | -1.6 6.1 3.7 -2.8 | -.8 .5 .4 -.2 | 2.2 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.73 | 3.4 3.9 2.0 | 1.6 2.9 3.8 -.4 | -.5 .3 .1 .2 | 2.3 Manufacturing<1> | | 77.00 | 4.7 3.9 2.0 | 1.4 3.7 3.8 -1.0 | -.5 .2 .2 .1 | 2.0 Durable | | 36.74 | 9.3 6.0 3.8 | .8 6.4 6.9 1.2 | -.3 .6 .5 .2 | 4.5 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 89.99 | 2.1 2.8 1.1 | 1.1 2.2 2.6 -1.3 | -.7 .3 .1 .1 | 1.5 Manufacturing<1> | | 72.26 | 3.1 2.5 1.0 | .9 2.9 2.4 -2.2 | -.7 .1 .1 .0 | .9 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 12.61 | 8.3 9.0 2.5 | -2.6 3.7 7.5 1.9 | .2 .8 .2 .0 | 3.8 Primary and semifinished processors | | 18.65 | -.1 1.3 2.1 | 2.5 6.9 3.0 -3.6 | -1.3 .6 -.2 -.2 | 1.8 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 2008 Item | Average| Q1 Q2 Q3 Q4 | Oct. Nov. Dec. Jan. ------------------------------------------------------------------------------------------------------------------------------- Total | 10.75 | 10.58 11.07 10.94 10.50 | 10.34 10.62 10.54 10.21 Autos | 3.92 | 3.97 3.89 3.93 3.97 | 3.91 3.95 4.06 3.98 Trucks | 6.83 | 6.61 7.18 7.01 6.52 | 6.43 6.67 6.48 6.24 Light | 6.55 | 6.26 6.91 6.76 6.28 | 6.20 6.42 6.22 6.01 Medium and heavy | .28 | .36 .27 .25 .25 | .22 .25 .26 .23 | | | Memo: | | | Autos and light trucks | 10.47 | 10.22 10.80 10.69 10.25 | 10.11 10.37 10.28 9.98 ------------------------------------------------------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2007 | 2007 2008 Item | NAICS | Proportion| May June July Aug. Sept. Oct. Nov. Dec. Jan. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 113.0 113.5 114.2 114.1 114.2 113.5 114.0 114.1 114.2 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 57.43 | 113.1 113.7 114.3 114.0 114.2 113.3 113.6 113.8 114.1 Consumer goods | | 29.18 | 108.8 109.2 109.7 109.6 109.5 108.5 108.7 108.7 109.0 Durable | | 7.05 | 106.7 108.7 109.3 107.9 106.3 105.1 105.6 106.1 105.3 Automotive products | | 3.28 | 101.1 104.1 105.3 102.8 100.3 99.2 100.5 101.7 100.5 Home electronics | | .37 | 199.4 200.3 200.4 199.1 199.0 197.5 206.1 208.2 211.2 Appliances, furniture, carpeting | | 1.16 | 101.3 101.1 100.3 100.1 98.9 97.8 97.0 96.1 94.1 Miscellaneous goods | | 2.24 | 108.1 109.4 110.0 109.7 109.3 107.8 107.0 106.9 107.3 Nondurable | | 22.13 | 109.4 109.3 109.8 110.0 110.4 109.6 109.6 109.4 110.1 Non-energy | | 17.14 | 109.8 110.0 110.7 109.9 110.3 110.3 109.7 109.6 109.5 Foods and tobacco | | 9.37 | 112.8 113.3 113.7 112.7 113.1 112.8 112.6 112.0 112.2 Clothing | | .57 | 79.7 78.8 79.2 77.4 76.8 76.3 75.9 76.9 76.8 Chemical products | | 4.85 | 109.9 109.5 111.1 110.9 110.9 111.8 110.6 110.9 110.5 Paper products | | 1.84 | 105.1 105.8 106.0 105.1 106.4 105.8 104.7 105.1 105.2 Energy | | 4.99 | 108.3 107.4 107.0 110.8 111.5 107.5 109.8 109.3 112.4 | | | Business equipment | | 10.15 | 131.1 132.2 133.9 133.1 134.2 133.5 134.4 135.6 136.1 Transit | | 2.10 | 142.1 145.5 146.6 147.3 146.7 146.1 147.0 147.7 148.7 Information processing | | 2.80 | 149.8 151.0 151.8 151.4 152.1 153.2 156.1 157.7 160.3 Industrial and other | | 5.25 | 117.8 118.1 120.4 118.9 120.8 119.3 119.3 120.5 120.0 Defense and space equipment | | 1.76 | 111.0 112.9 113.0 112.2 112.3 111.2 112.6 112.5 113.6 | | | Construction supplies | | 4.56 | 109.1 110.2 109.9 109.5 109.3 107.8 107.2 108.3 107.1 Business supplies | | 10.96 | 111.5 111.7 111.8 111.9 112.3 112.1 112.2 111.9 112.4 | | | Materials | | 42.57 | 112.7 113.2 114.2 114.3 114.3 113.9 114.5 114.5 114.4 Non-energy | | 31.26 | 117.7 118.2 119.6 118.9 119.1 118.3 119.1 119.0 118.9 Durable | | 19.41 | 126.5 127.4 129.4 129.1 129.1 128.8 129.8 129.6 129.4 Consumer parts | | 3.19 | 99.1 99.8 99.8 99.7 97.6 96.4 96.9 95.3 94.5 Equipment parts | | 6.60 | 170.5 173.4 178.4 178.1 179.2 181.0 182.6 183.5 185.6 Other | | 9.62 | 110.4 110.4 111.8 111.4 111.7 110.8 111.6 111.5 110.6 Nondurable | | 11.85 | 104.4 104.6 105.0 103.7 104.2 102.7 103.2 103.4 103.4 Textile | | .54 | 81.3 80.7 78.1 75.1 75.8 75.3 74.8 75.3 72.9 Paper | | 2.27 | 99.6 98.4 99.4 99.5 98.5 98.2 99.6 101.5 100.2 Chemical | | 5.76 | 111.2 111.6 111.8 110.0 110.5 108.6 109.2 108.5 108.9 Energy | | 11.31 | 100.9 101.2 101.4 103.3 102.8 103.5 103.7 103.9 103.8 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 82.27 | 114.9 115.7 116.6 115.9 116.1 115.4 115.7 115.9 116.0 Manufacturing (NAICS) | 31-33 | 78.11 | 115.9 116.7 117.7 117.0 117.1 116.4 116.8 117.0 117.0 | | | Durable manufacturing | | 41.83 | 123.4 124.7 126.2 125.5 125.3 124.7 125.5 126.1 126.1 Wood products | 321 | 1.24 | 100.3 101.9 100.8 99.1 97.1 94.6 92.9 95.3 92.8 Nonmetallic mineral products | 327 | 2.44 | 109.2 110.6 111.7 112.0 111.9 110.5 111.1 109.0 110.2 Primary metal | 331 | 3.58 | 112.1 110.6 114.0 112.8 109.2 110.3 111.7 114.0 112.1 Fabricated metal products | 332 | 5.83 | 110.8 112.1 112.5 112.3 112.8 112.7 113.2 112.8 112.5 Machinery | 333 | 5.13 | 117.6 117.5 119.9 117.7 120.5 117.9 117.4 118.3 118.2 Computer and electronic products | 334 | 7.28 | 184.4 187.7 191.6 191.8 192.8 195.4 198.3 200.3 203.8 Electrical equipment, appliances, | | | and components | 335 | 2.13 | 108.7 109.3 109.9 108.7 109.4 107.8 108.6 109.8 110.1 Motor vehicles and parts | 3361-3 | 5.27 | 100.3 102.8 103.6 102.2 99.1 97.5 98.6 98.8 97.6 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 4.09 | 131.1 133.5 134.4 135.3 135.8 135.9 137.2 137.2 138.3 Furniture and related products | 337 | 1.51 | 101.2 102.2 103.2 103.6 101.7 101.1 101.2 100.5 98.5 Miscellaneous | 339 | 3.32 | 123.1 123.4 123.6 123.0 124.7 123.7 123.2 124.7 125.1 | | | Nondurable manufacturing | | 36.28 | 107.8 107.9 108.5 107.7 108.2 107.4 107.4 107.2 107.3 Food, beverage, and tobacco products | 311,2 | 11.09 | 113.3 113.9 114.5 113.5 114.1 113.6 113.4 112.8 113.3 Textile and product mills | 313,4 | .95 | 87.8 87.9 85.3 82.6 82.3 82.0 81.5 82.2 79.9 Apparel and leather | 315,6 | .61 | 80.3 79.4 79.5 77.9 77.6 77.3 76.8 77.9 77.9 Paper | 322 | 2.56 | 96.7 96.1 96.8 96.5 96.1 94.7 96.1 98.4 97.8 Printing and support | 323 | 2.02 | 103.1 102.1 101.7 102.5 103.2 102.5 102.9 102.3 100.8 Petroleum and coal products | 324 | 3.33 | 110.6 110.1 110.3 110.4 110.7 109.2 108.6 108.9 111.7 Chemical | 325 | 12.15 | 110.6 110.8 111.8 110.9 111.5 110.6 110.4 109.9 110.1 Plastics and rubber products | 326 | 3.58 | 108.5 109.0 109.9 109.3 110.5 109.7 110.4 109.2 107.6 | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.17 | 99.0 99.4 99.1 98.1 99.4 98.9 98.1 98.1 98.3 | | | Mining | 21 | 8.02 | 99.9 100.4 101.3 100.5 101.7 101.4 103.1 103.0 101.1 Utilities | 2211,2 | 9.70 | 108.0 107.3 106.2 111.5 109.7 109.0 109.4 109.2 111.6 Electric | 2211 | 8.16 | 110.4 109.9 108.4 113.4 112.2 112.9 111.5 111.7 114.0 Natural gas | 2212 | 1.54 | 96.8 95.4 96.1 102.8 98.1 90.5 99.4 97.2 100.1 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 1. Table 5 Industrial Production Indexes: Special Aggregates 2002 = 100, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2007 | 2007 2008 Item | NAICS | Proportion| May June July Aug. Sept. Oct. Nov. Dec. Jan. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 113.0 113.5 114.2 114.1 114.2 113.5 114.0 114.1 114.2 | | | Energy | | 19.76 | 105.6 105.6 105.5 107.9 107.5 107.0 107.9 107.9 108.8 Consumer products | | 4.99 | 108.3 107.4 107.0 110.8 111.5 107.5 109.8 109.3 112.4 Commercial products | | 2.72 | 115.9 115.6 115.0 117.8 115.8 117.5 118.0 116.8 119.1 Oil and gas well drilling | 213111 | .75 | 168.4 171.9 170.3 169.5 169.1 162.8 168.8 172.8 169.4 Converted fuel | | 3.82 | 105.8 105.6 103.9 110.9 109.5 110.7 107.1 108.6 110.1 Primary materials | | 7.48 | 98.5 99.0 100.2 99.5 99.5 100.0 102.0 101.6 100.8 | | | Non-energy | | 80.24 | 114.9 115.6 116.5 115.8 116.0 115.3 115.6 115.8 115.7 Selected high-technology industries | | 4.74 | 228.5 234.4 242.4 243.4 245.3 250.6 253.8 256.4 261.1 Computers and peripheral equipment | 3341 | 1.33 | 193.2 195.0 196.9 197.6 198.0 200.5 204.2 206.3 208.9 Communications equipment | 3342 | 1.07 | 167.3 169.7 171.4 170.9 172.9 175.5 179.7 180.9 184.3 Semiconductors and related | | | electronic components | 334412-9 | 2.34 | 277.0 288.1 305.2 307.4 310.3 319.3 320.9 324.8 331.8 | | | Excluding selected high-technology | | | industries | | 75.49 | 109.3 109.8 110.5 109.7 109.9 109.0 109.2 109.4 109.1 | | | Motor vehicles and parts | 3361-3 | 5.27 | 100.3 102.8 103.6 102.2 99.1 97.5 98.6 98.8 97.6 Motor vehicles | 3361 | 2.25 | 99.1 103.1 105.7 101.9 97.0 95.4 97.5 98.3 96.7 Motor vehicle parts | 3363 | 2.65 | 100.1 101.6 101.6 102.3 100.3 99.1 99.9 98.8 97.8 | | | Excluding motor vehicles and parts | | 70.23 | 110.1 110.4 111.1 110.4 110.8 110.0 110.1 110.3 110.1 Consumer goods | | 21.05 | 109.2 109.6 110.1 109.4 109.6 109.3 108.8 108.7 108.6 Business equipment | | 8.07 | 123.7 124.4 126.1 125.4 126.9 125.9 126.3 127.4 127.7 Construction supplies | | 4.52 | 108.5 109.5 109.3 108.9 108.6 107.1 106.5 107.6 106.4 Business supplies | | 7.93 | 105.8 106.0 106.1 105.4 106.5 105.5 105.5 105.4 105.3 Materials | | 26.87 | 108.9 109.0 110.0 109.0 109.4 108.4 109.1 109.0 108.8 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.26 | 108.5 108.9 109.4 109.3 109.3 108.5 108.9 109.0 109.0 Manufacturing<1> | | 77.53 | 109.5 110.0 110.8 110.0 110.1 109.3 109.5 109.6 109.6 Durable | | 37.27 | 112.6 113.5 114.5 113.8 113.4 112.5 113.1 113.6 113.3 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.73 | 113.8 114.2 114.9 114.9 115.2 114.6 115.0 115.1 115.3 Manufacturing<1> | | 77.00 | 116.2 116.7 117.7 117.0 117.5 116.9 117.1 117.3 117.5 Durable | | 36.74 | 127.6 128.7 130.3 129.8 130.1 129.7 130.5 131.2 131.4 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 89.99 | 109.0 109.3 109.8 109.7 110.0 109.2 109.6 109.6 109.7 Manufacturing<1> | | 72.26 | 110.3 110.6 111.3 110.6 111.1 110.3 110.4 110.5 110.5 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 12.61 | 129.3 130.3 132.3 132.0 131.6 131.8 132.8 133.2 133.2 Primary and semifinished processors | | 18.65 | 109.2 109.5 110.5 109.5 110.1 108.7 109.3 109.1 108.9 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 43.2 56.1 55.4 Three Months Earlier 2005 58.7 61.4 54.8 53.1 57.8 60.1 57.8 57.8 56.8 56.1 56.4 57.8 2006 61.4 56.8 63.0 59.7 56.1 61.1 58.1 57.4 52.5 43.2 36.6 45.5 2007 45.2 53.5 50.2 61.1 60.1 61.4 59.7 53.5 51.8 42.6 52.1 52.5 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 50.8 51.5 52.5 ------------------------------------------------------------------------------------------------------- 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-| | | | 2007 | 2007 89 95 02| 2007 | 2007 2008 Item | NAICS | Proportion| Ave. High High Low| Q1 Q2 Q3 Q4 r | Oct. Nov. Dec. Jan. -------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.0 85.1 73.6 | 81.3 81.7 82.0 81.5 | 81.4 81.5 81.5 81.5 | | | | | Manufacturing<1> | | 83.67 | 79.8 85.4 84.6 71.6 | 79.8 80.3 80.6 79.8 | 79.8 79.8 79.8 79.7 Manufacturing (NAICS) | 31-33 | 79.61 | 79.6 85.3 84.7 71.0 | 79.6 80.0 80.4 79.6 | 79.5 79.6 79.6 79.5 | | | | | Durable manufacturing | | 43.46 | 78.0 84.5 84.2 68.1 | 77.7 78.4 79.0 78.2 | 77.9 78.2 78.4 78.2 Wood products | 321 | 1.39 | 80.0 88.2 87.7 71.0 | 73.1 74.6 73.8 70.4 | 70.6 69.3 71.1 69.3 Nonmetallic mineral products | 327 | 2.48 | 79.5 85.1 84.1 75.8 | 78.0 78.6 80.1 78.6 | 78.9 79.3 77.7 78.5 Primary metal | 331 | 3.23 | 80.9 93.8 95.6 68.5 | 84.4 87.0 87.3 86.9 | 85.7 86.7 88.4 86.8 Fabricated metal products | 332 | 5.83 | 77.4 81.6 85.1 69.2 | 79.9 80.6 81.2 81.2 | 81.1 81.4 81.1 80.8 Machinery | 333 | 5.31 | 78.7 85.2 87.6 63.7 | 78.4 78.6 79.5 78.1 | 78.3 77.8 78.3 78.1 Computer and electronic products | 334 | 8.33 | 78.2 81.4 84.3 58.6 | 75.3 74.3 74.5 74.2 | 74.1 74.3 74.3 74.7 Electrical equip., appliances, | | | | | and components | 335 | 2.00 | 83.3 89.1 93.1 71.8 | 85.0 86.2 86.3 85.6 | 84.9 85.5 86.4 86.5 Motor vehicles and parts | 3361-3 | 5.72 | 77.5 89.7 89.0 68.9 | 73.6 76.7 77.8 76.2 | 75.3 76.4 76.8 76.0 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 4.09 | 72.8 87.1 68.5 62.8 | 80.3 80.6 82.2 82.7 | 82.4 83.0 82.8 83.4 Furniture and related products | 337 | 1.60 | 78.5 82.2 82.9 67.8 | 76.6 76.7 77.8 76.4 | 76.5 76.6 76.0 74.6 Miscellaneous | 339 | 3.48 | 76.8 82.5 81.3 70.6 | 78.3 79.1 78.6 77.8 | 78.0 77.4 78.0 77.9 | | | | | Nondurable manufacturing | | 36.15 | 81.7 86.8 85.4 74.9 | 82.0 82.0 82.1 81.3 | 81.5 81.4 81.2 81.1 Food, beverage, and tobacco products | 311,2 | 10.90 | 81.7 85.9 84.1 75.6 | 82.6 83.0 82.9 82.1 | 82.4 82.1 81.6 81.8 Textile and product mills | 313,4 | 1.06 | 82.1 91.2 91.4 68.8 | 74.6 75.6 72.5 71.7 | 71.6 71.3 72.1 70.3 Apparel and leather | 315,6 | .67 | 78.6 84.3 87.1 59.5 | 74.9 75.2 74.3 74.0 | 73.8 73.5 74.8 75.0 Paper | 322 | 2.47 | 87.7 92.5 92.0 78.9 | 84.3 84.1 84.1 84.1 | 82.6 83.9 86.0 85.5 Printing and support | 323 | 2.11 | 83.5 91.8 86.4 72.7 | 80.6 78.4 77.4 77.1 | 77.2 77.4 76.8 75.6 Petroleum and coal products | 324 | 3.12 | 86.4 89.0 90.6 83.7 | 92.3 90.7 91.3 89.9 | 90.3 89.7 89.9 92.1 Chemical | 325 | 12.48 | 78.3 85.1 81.4 70.2 | 77.8 78.0 78.4 77.4 | 77.7 77.5 77.1 77.1 Plastics and rubber products | 326 | 3.35 | 83.9 89.8 91.9 75.1 | 85.4 86.7 87.2 86.6 | 86.7 87.1 86.0 84.5 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.06 | 84.7 91.0 83.3 81.3 | 84.0 84.3 83.8 83.3 | 83.8 83.0 83.0 83.1 | | | | | Mining | 21 | 7.23 | 87.5 86.1 88.9 84.8 | 90.0 89.9 90.8 91.9 | 90.9 92.5 92.4 90.6 Utilities | 2211,2 | 9.10 | 86.7 92.7 93.7 83.8 | 86.4 85.8 86.2 86.0 | 85.9 86.2 85.9 87.7 | | | | | Selected high-technology industries | | 5.30 | 78.0 80.8 87.4 56.2 | 77.9 77.4 78.5 78.1 | 78.4 78.2 77.8 78.1 Computers and peripheral equipment | 3341 | 1.39 | 78.2 79.9 84.2 62.8 | 82.3 85.2 83.0 80.6 | 80.9 80.8 80.1 79.5 Communications equipment | 3342 | 1.17 | 75.5 80.8 86.6 40.2 | 77.6 78.6 79.6 82.2 | 80.9 82.7 83.0 84.2 Semiconductors and related | | | | | electronic components | 334412-9 | 2.75 | 80.4 82.9 93.5 58.1 | 75.6 72.9 75.8 75.3 | 76.0 75.1 74.7 75.0 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 94.70 | 81.2 85.4 85.0 74.7 | 81.7 82.1 82.4 81.9 | 81.7 81.9 81.9 81.9 Manufacturing<1> | | 78.36 | 79.9 85.9 84.5 72.8 | 80.2 80.7 81.0 80.2 | 80.1 80.2 80.2 80.1 | | | | | Stage-of-process groups | | | | | Crude | | 11.61 | 86.6 88.1 89.5 82.0 | 88.7 89.2 89.7 90.2 | 89.2 90.8 90.7 89.8 Primary and semifinished | | 48.24 | 82.2 86.5 88.2 74.6 | 82.2 82.2 82.7 81.8 | 81.8 81.8 81.7 81.9 Finished | | 40.15 | 77.8 82.8 80.5 70.0 | 78.0 78.6 78.8 78.3 | 78.3 78.2 78.3 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 2008 | 2008 Item | 79 88 94 2008 | 2005 2006 2007 2008 | Q2 Q3 Q4 Q1 | Jan. ----------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 3.1 2.0 2.3 3.2 | 1.1 2.4 1.8 1.9 | 1.8 1.7 1.8 1.8 | .1 | | | | Manufacturing<1> | 3.3 2.3 2.6 3.6 | 1.7 2.7 2.1 2.1 | 2.1 2.1 2.1 2.1 | .2 | | | | Mining | .8 .1 -.9 -.5 | -1.7 .6 .4 .7 | .3 .2 .3 .4 | .0 Utilities | 4.3 2.1 1.6 2.2 | .0 2.1 1.5 1.9 | 1.5 1.2 1.2 1.5 | .1 | | | | | | | | Selected high-technology industries | 20.9 19.1 17.3 26.7 | 18.3 19.6 19.6 19.8 | 19.5 19.6 19.7 20.3 | 1.6 Manufacturing<1> ex. selected | | | | high-technology industries | 2.6 1.3 1.6 1.6 | .6 1.4 1.0 1.1 | .9 .9 1.0 1.0 | .1 | | | | Stage-of-process groups | | | | Crude | 1.7 .3 -.4 -.1 | -1.1 .3 .5 .7 | .3 .4 .6 .6 | .0 Primary and semifinished | 3.0 1.4 2.6 3.7 | 1.4 3.0 2.3 2.1 | 2.2 2.1 2.1 2.1 | .2 Finished | 3.9 3.5 2.7 3.4 | 2.0 2.3 1.9 2.2 | 1.9 1.9 2.0 2.1 | .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 2008 Item | 2000 | 2007 | Q4 Q1 Q2 Q3 Q4 r | Oct. Nov. Dec. Jan. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,812.5 | 3,091.8 | 3,060.2 3,072.1 3,089.6 3,111.7 3,092.0 | 3,081.1 3,093.9 3,101.0 3,112.2 | | | | Final products | 2,112.0 | 2,347.1 | 2,321.5 2,332.3 2,344.1 2,364.7 2,347.5 | 2,337.1 2,349.9 2,355.5 2,365.4 | | | | Consumer goods | 1,480.7 | 1,635.5 | 1,610.7 1,627.7 1,636.9 1,647.9 1,630.5 | 1,626.4 1,632.8 1,632.4 1,640.8 Durable | 471.7 | 506.6 | 498.2 496.8 514.1 515.5 503.9 | 500.4 504.1 507.2 502.8 Automotive products | 278.9 | 299.0 | 291.1 290.4 304.7 306.1 298.6 | 294.6 298.8 302.4 298.6 Other durable goods | 192.9 | 207.5 | 206.7 206.0 209.2 209.3 205.2 | 205.5 205.2 204.8 204.1 Nondurable | 1,009.0 | 1,123.2 | 1,107.0 1,124.1 1,118.6 1,127.9 1,121.0 | 1,120.1 1,123.0 1,120.0 1,131.7 | | | | Equipment, total | 631.3 | 721.8 | 722.2 714.5 716.9 727.1 728.0 | 721.3 728.1 734.7 736.0 Business and defense | 614.9 | 705.2 | 706.0 697.3 699.8 710.7 712.4 | 706.6 712.4 718.3 720.6 Business | 556.8 | 636.5 | 637.4 628.3 631.1 641.7 643.8 | 638.5 643.4 649.6 651.1 Defense and space | 58.2 | 71.5 | 71.4 71.5 71.3 71.9 71.7 | 71.1 72.0 71.9 72.6 | | | | Nonindustrial supplies | 700.5 | 745.7 | 739.6 740.8 746.4 748.2 745.5 | 744.8 745.1 746.7 748.1 Construction supplies | 197.2 | 204.5 | 204.0 202.8 205.8 206.2 203.0 | 202.6 201.6 204.8 201.9 Business supplies | 503.3 | 541.4 | 535.7 538.2 540.6 542.2 542.9 | 542.7 544.1 542.1 546.8 Commercial energy products | 136.0 | 158.5 | 156.3 157.5 158.1 158.3 159.9 | 159.7 160.9 159.2 163.2 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Table 10 Gross-Value-Weighted Industrial Production: Stage-of-Process Groups Percent change, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Fourth quarter to | | | | | fourth quarter | Annual rate | Monthly rate | | |---------------------|----------------------------|----------------------------| Jan. '07 | 2007 | | 2007 | 2007 2008 | to Item | gross value<1>| 2005 2006 2007 | Q1 Q2 Q3 Q4 r | Oct. Nov. Dec. Jan. | Jan. '08 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 2019.7 | 5.6 3.4 1.1 | -1.2 4.6 3.2 -2.2 | -.4 .4 .3 .0 | 2.1 Semifinished | 1785.8 | 6.2 2.5 1.6 | .2 3.7 4.5 -1.9 | -.5 -.4 -.1 .4 | 2.3 Primary | 998.7 | -.8 .1 1.9 | 7.2 .6 4.6 -4.5 | -1.5 .8 .4 .6 | 2.0 Crude | 426.5 | -8.3 7.1 2.5 | .9 4.3 2.6 2.0 | -1.0 1.7 -.3 -.6 | 3.1 | | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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> | | | 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 -.6 .4 .1 | 1.1 3.5 3.6 -1.0 | 2.1 2008 | .1 | | | | | IP | | | (2002=100) | | | 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 | 111.7 112.5 112.4 113.1 113.0 113.5 114.2 114.1 114.2 113.5 114.0 114.1 | 112.2 113.2 114.2 113.9 | 113.4 2008 | 114.2 | | | | | Capacity | | | (percent of | | | 2002 output) | | | 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 2008 | 140.2 | | | | | Utilization | | | (percent) | | | 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 81.5 81.5 | 81.3 81.7 82.0 81.5 | 81.6 2008 | 81.5 | | ------------------------------------------------------------------------------------------------------------------------------------------- <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> | | | 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 .2 | .8 4.3 3.6 -1.7 | 2.0 2008 | .0 | | | | | IP | | | (2002 = 100) | | | 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 | 113.7 113.6 114.4 114.8 114.9 115.7 116.6 115.9 116.1 115.4 115.7 115.9 | 113.9 115.1 116.2 115.7 | 115.2 2008 | 116.0 | | | | | Capacity | | | (percent of | | | 2002 output) | | | 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 2008 | 145.5 | | | | | Utilization | | | (percent) | | | 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 79.8 | 79.8 80.3 80.6 79.8 | 80.1 2008 | 79.7 | | ------------------------------------------------------------------------------------------------------------------------------------------- <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> | | | 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 -.7 .3 .1 | .6 2.8 2.5 -1.9 | 1.2 2008 | .0 | | | | | IP | | | (2002 = 100) | | | 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 | 107.4 108.3 108.1 108.6 108.5 108.9 109.4 109.3 109.3 108.5 108.9 109.0 | 107.9 108.7 109.3 108.8 | 108.7 2008 | 109.0 | | | | | Capacity | | | (percent of | | | 2002 output) | | | 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 2008 | 133.1 | | | | | Utilization | | | (percent) | | | 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 81.7 81.9 81.9 | 81.7 82.1 82.4 81.9 | 82.0 2008 | 81.9 | | ------------------------------------------------------------------------------------------------------------------------------------------- <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> | | | 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 -.8 .2 .1 | .3 3.6 2.3 -2.9 | .9 2008 | -.1 | | | | | IP | | | (2002 = 100) | | | 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 | 108.5 108.4 109.2 109.5 109.5 110.0 110.8 110.0 110.1 109.3 109.5 109.6 | 108.7 109.7 110.3 109.5 | 109.5 2008 | 109.6 | | | | | Capacity | | | (percent of | | | 2002 output) | | | 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 2008 | 136.8 | | | | | Utilization | | | (percent) | | | 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 8