FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EDT) March 17, 2008 INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION Industrial production fell 0.5 percent in February after having increased 0.1 percent in January. Much of the decrease in February resulted from a weather-related drop of 3.7 percent in the output of utilities. In the manufacturing sector, output decreased 0.2 percent in February, and declines were fairly widespread across industries. The output of mines moved up 0.4 percent. At 113.7 percent of its 2002 average, total industrial production was 1.0 percent above its year-earlier level. The capacity utilization rate for total industry in February fell 0.6 percentage point, to 80.9 percent, the lowest rate since November 2005. Market Groups ------------- The production of consumer goods decreased 0.6 percent in February with declines in the production of both consumer durables and consumer nondurables. Among durable consumer goods, the production index for automotive products moved down 1.3 percent, to a level roughly the same as its year-earlier reading. The production of appliances, furniture, and carpeting dropped 3.1 percent further, and the output of miscellaneous consumer durables edged down. The output of home electronics advanced 1.2 percent after having fallen nearly 1 percent in the previous month. The output of non-energy nondurables advanced 0.2 percent; gains in the production of food and tobacco, chemical products, and paper products offset declines in clothing production. The output of consumer energy goods dropped as a result of lower sales by utilities to residences. The output of business equipment edged up 0.1 percent in February, as an increase in information processing equipment outweighed decreases both in transit equipment and in industrial and other equipment. Information processing equipment rose 1.4 percent with continued gains in most of its components. A decrease of 0.4 percent in transit equipment resulted from declines in motor vehicle assemblies and in the production of civilian aircraft. The index for industrial and other equipment fell 0.5 percent; within industrial equipment, declines were widespread. The output of defense and space equipment declined 0.3 percent in February after having increased 1.0 percent in January. The output of construction supplies fell 0.8 percent in February after having decreased 0.6 percent in January; the level of production in February was nearly 1 percent below its year-earlier level and 5.2 percent below its peak in 2006. The output of business supplies declined 1.1 percent in February. The production of materials fell 0.5 percent in February after having changed little in January. Within non-energy materials, the index for durable materials edged down 0.2 percent in February. A gain in equipment parts was outweighed by a decline in consumer parts, which reflected lower output of motor vehicle parts, and by a decrease in other durable materials. The output of nondurable materials moved down 0.3 percent; the indexes for textile materials, paper materials, and chemical materials each declined 0.3 percent. Energy materials fell 1.0 percent as a result of a decrease in utility output. Industry Groups --------------- Manufacturing production decreased 0.2 percent in February after having been unchanged in January. The factory operating rate fell 0.3 percentage point in February, to 79.3 percent, a level 0.5 percentage point below its 1972-2007 average. The production of durable goods moved down 0.4 percent. Large production declines were recorded in wood products, primary metals, motor vehicles and parts, furniture and related products, and miscellaneous products. Increases occurred in machinery and in computer and electronic products. The production of nondurables edged down 0.1 percent after having risen the same amount in January. In February, a decrease in printing and support, as well as small declines in some other categories, more than offset small gains in the production of food, beverage, and tobacco products; paper; and petroleum and coal products. The output of non-NAICS industries (publishing and logging) edged down 0.1 percent and was 0.7 percent below its year-earlier level. The output of electric utilities fell 3.5 percent in February, and the output of natural gas utilities dropped 5.0 percent. The operating rate for utilities moved down 3.4 percentage points, to 84.7 percent, a level 2.0 percentage points below its 1972-2007 average. Mining production rose 0.4 percent; the capacity utilization rate for mining edged up to 92.0 percent, a rate 4.5 percentage points above its long-run average. Capacity utilization at industries grouped by stage of process changed as follows: For the crude stage, utilization was unchanged at 90.2 percent, a rate that is 3.6 percentage points above its 1972-2007 average; for the primary and semifinished stages, utilization decreased 1.0 percentage point, to 80.9 percent; and for the finished stage, utilization edged down 0.2 percentage point to 78.0 percent. Notice Revision of Industrial Production and Capacity Utilization The Federal Reserve Board will issue an annual revision to the indexes 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 Survey 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 update 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 indexes 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, which will encompass 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 release 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 (www.federalreserve.gov/releases/G17). The revised data will also be available through the website of the Department of Commerce (www.stat-usa.gov). 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 | Feb. '07 to Industrial production | Nov. Dec. Jan. Feb. | Nov. Dec. Jan. Feb. | Feb. '08 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total index | 113.9 114.2 114.3 113.7 | .4 .2 .1 -.5 | 1.0 Previous estimates | 114.0 114.1 114.2 | .4 .1 .1 | | | | Major market groups | | | Final Products | 114.6 115.1 115.2 114.7 | .3 .4 .1 -.4 | .5 Consumer goods | 108.6 109.0 109.2 108.5 | .1 .3 .2 -.6 | -.9 Business equipment | 134.1 135.2 135.3 135.5 | .5 .8 .1 .1 | 4.9 Nonindustrial supplies | 110.7 110.7 110.6 109.5 | -.1 .0 -.1 -1.0 | -.6 Construction | 106.9 107.4 106.7 105.9 | -.7 .4 -.6 -.8 | -.9 Materials | 114.6 114.6 114.7 114.2 | .6 .0 .1 -.5 | 2.1 | | | Major industry groups | | | Manufacturing (see note below) | 115.7 115.8 115.8 115.5 | .2 .2 .0 -.2 | 1.7 Previous estimates | 115.7 115.9 116.0 | .3 .2 .0 | Mining | 103.0 103.6 102.3 102.7 | 1.6 .6 -1.3 .4 | 2.6 Utilities | 109.4 109.7 112.1 107.9 | .4 .3 2.2 -3.7 | -5.4 -------------------------------------------------------------------------------------------------------------------------------------- | | Capacity | Percent of capacity | growth | --------------------------------------------------------------------------------- | --------------- | Average 1994-95 2001-02 2007 | 2007 2008 | Feb. '07 to Capacity utilization | 1972-2007 High Low Feb. | Nov. Dec. Jan. Feb. | Feb. '08 -------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | 81.0 85.1 73.6 81.6 | 81.5 81.6 81.5 80.9 | 1.8 Previous estimates | | 81.5 81.5 81.5 | | | | Manufacturing (see note below) | 79.8 84.6 71.6 79.6 | 79.8 79.8 79.6 79.3 | 2.1 Previous estimates | | 79.8 79.8 79.7 | Mining | 87.5 88.9 84.8 89.9 | 92.4 92.9 91.7 92.0 | .3 Utilities | 86.7 93.7 83.8 90.7 | 86.2 86.3 88.1 84.7 | 1.3 | | | Stage-of-process groups | | | Crude | 86.6 89.5 82.0 88.9 | 90.8 91.1 90.2 90.2 | .5 Primary and semifinished | 82.2 88.2 74.6 82.7 | 81.8 81.7 81.9 80.9 | 2.1 Finished | 77.8 80.5 70.0 77.9 | 78.2 78.3 78.2 78.0 | 2.0 -------------------------------------------------------------------------------------------------------------------------------------- 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 | | | |---------------------|----------------------------|----------------------------| Feb. '07 | | 2007 | | 2007 | 2007 2008 | to Item | NAICS |Proportion<1>| 2005 2006 2007 | Q1 Q2 Q3 Q4 r | Nov. Dec. Jan. Feb. | Feb. '08 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 3.2 3.5 1.8 | 1.1 3.5 3.6 -1.0 | .4 .2 .1 -.5 | 1.0 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 57.44 | 4.8 2.6 1.2 | 1.5 2.9 2.6 -2.0 | .2 .3 .1 -.6 | .2 Consumer goods | | 29.19 | 2.7 1.1 1.1 | 3.4 2.3 1.8 -3.2 | .1 .3 .2 -.6 | -.9 Durable | | 7.05 | 2.3 -2.5 1.0 | -.7 12.8 1.2 -8.2 | .5 .3 -1.4 -1.1 | -1.3 Automotive products | | 3.28 | -1.8 -4.6 2.8 | .4 20.2 1.2 -8.6 | 1.3 1.3 -1.6 -1.3 | .1 Home electronics | | .38 | 16.8 13.1 18.7 | 40.8 21.6 -1.3 17.4 | 6.6 2.0 -.9 1.2 | 9.9 Appliances, furniture, carpeting | | 1.16 | 3.1 -4.7 -5.6 | -8.2 4.2 -4.6 -13.0 | -1.4 -1.5 -2.5 -3.1 | -9.9 Miscellaneous goods | | 2.24 | 6.4 -.6 -.9 | -4.0 5.4 4.9 -9.0 | -.6 -.5 -.7 -.2 | -.7 Nondurable | | 22.14 | 2.9 2.2 1.1 | 4.7 -.8 2.0 -1.5 | .0 .3 .7 -.5 | -.7 Non-energy | | 17.15 | 3.4 2.7 .8 | 2.1 1.2 .9 -1.0 | -.5 .3 .1 .2 | .7 Foods and tobacco | | 9.37 | 4.8 2.2 1.3 | 4.3 2.9 .3 -2.1 | -.4 -.1 .0 .1 | .5 Clothing | | .57 | -.3 .7 -3.4 | 1.3 -1.5 -7.4 -5.7 | -.5 2.3 -1.2 -.4 | -3.9 Chemical products | | 4.85 | .9 3.8 -.3 | -2.2 -3.3 3.3 1.3 | -.8 .2 .5 .5 | 1.3 Paper products | | 1.84 | 2.2 3.3 1.5 | 2.2 3.9 1.1 -1.1 | -.8 1.0 -.1 .1 | 1.2 Energy | | 4.99 | 1.7 .7 1.9 | 13.5 -7.5 6.1 -3.2 | 1.7 .5 2.8 -2.8 | -5.1 | | | | | | Business equipment | | 10.16 | 11.2 9.7 3.3 | -1.3 5.8 7.2 1.8 | .5 .8 .1 .1 | 4.9 Transit | | 2.10 | 20.5 16.9 2.1 | -1.2 -1.3 9.0 2.2 | 1.1 1.0 -.3 -.4 | 2.7 Information processing | | 2.81 | 13.7 10.1 8.5 | 9.3 10.8 5.4 8.7 | 1.4 .5 .3 1.4 | 8.7 Industrial and other | | 5.25 | 6.7 6.9 1.0 | -6.9 6.0 7.6 -2.0 | -.3 .8 .2 -.5 | 3.6 Defense and space equipment | | 1.76 | 3.8 2.3 -.6 | -1.2 -2.0 3.0 -2.1 | 1.3 -.4 1.0 -.3 | -.1 | | | | | | Construction supplies | | 4.56 | 8.0 -2.1 -1.0 | -2.8 5.6 1.3 -7.8 | -.7 .4 -.6 -.8 | -.9 Business supplies | | 10.96 | 3.4 2.4 1.1 | .9 2.0 1.2 .4 | .1 -.2 .2 -1.1 | -.5 | | | | | | Materials | | 42.56 | 1.1 4.7 2.5 | .5 4.2 5.1 .4 | .6 .0 .1 -.5 | 2.1 Non-energy | | 31.25 | 3.5 4.5 2.2 | .3 5.5 4.9 -1.6 | .6 -.1 .0 -.3 | 2.3 Durable | | 19.40 | 7.0 5.6 3.8 | -.1 7.3 8.6 -.2 | .6 -.4 .1 -.2 | 4.1 Consumer parts | | 3.19 | 1.7 -3.2 -1.6 | -1.9 7.6 -.5 -10.6 | .9 -2.2 -.4 -.4 | -2.7 Equipment parts | | 6.60 | 16.0 19.4 6.8 | -1.9 5.2 17.6 7.2 | .5 .1 .8 .4 | 9.4 Other | | 9.61 | 2.7 -.7 3.6 | 1.9 8.8 5.6 -1.6 | .6 -.1 -.2 -.6 | 2.7 Nondurable | | 11.85 | -2.1 2.6 -.4 | 1.0 2.7 -1.0 -4.0 | .6 .4 -.1 -.3 | -.6 Textile | | .54 | .2 -7.3 -9.7 | -9.8 -.7 -20.9 -6.0 | -.4 .2 -2.5 -.3 | -10.1 Paper | | 2.27 | -.2 2.5 -1.9 | -3.9 -4.5 -1.2 2.0 | 1.4 1.6 -1.7 -.3 | -1.8 Chemical | | 5.76 | -6.5 4.7 .8 | 7.5 4.3 -1.8 -6.3 | .7 -.3 .7 -.3 | -.6 Energy | | 11.31 | -4.2 5.4 3.3 | 1.0 .6 5.6 6.1 | .5 .5 .2 -1.0 | 1.8 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 82.27 | 4.4 3.4 1.7 | .8 4.3 3.6 -1.9 | .2 .2 .0 -.2 | 1.7 Manufacturing (NAICS) | 31-33 | 78.10 | 4.6 3.6 1.8 | 1.0 4.4 3.9 -1.9 | .3 .1 .0 -.3 | 1.8 | | | | | | Durable manufacturing | | 41.82 | 7.9 4.7 2.9 | -.4 7.3 6.3 -1.4 | .5 .2 -.1 -.4 | 3.0 Wood products | 321 | 1.24 | 10.5 -14.5 -5.5 | -5.4 8.3 -4.6 -18.4 | -1.6 1.8 -3.5 -2.9 | -9.2 Nonmetallic mineral products | 327 | 2.43 | 5.8 -1.9 .1 | -5.3 4.5 9.2 -7.1 | .5 -2.7 -.4 -.6 | .3 Primary metal | 331 | 3.57 | -2.3 -3.5 6.0 | 10.1 13.5 2.6 -1.7 | .8 1.7 1.5 -1.4 | 5.4 Fabricated metal products | 332 | 5.83 | 6.1 3.8 2.5 | -.2 5.2 4.4 .7 | .4 -.6 .2 -.4 | 2.2 Machinery | 333 | 5.13 | 8.2 5.3 -1.6 | -9.4 3.0 6.8 -5.9 | -.6 .4 -.2 .3 | 2.2 Computer and electronic products | 334 | 7.29 | 18.3 18.3 9.5 | 3.1 8.5 15.2 11.7 | 1.3 .5 .1 1.2 | 11.0 Electrical equipment, appliances, | | | | | | and components | 335 | 2.13 | 3.8 2.4 2.7 | 5.4 6.9 .9 -2.4 | .7 1.0 .6 -.1 | 2.6 Motor vehicles and parts | 3361-3 | 5.27 | .2 -3.8 -1.9 | -7.5 13.3 1.2 -12.6 | 1.0 .1 -1.6 -1.0 | -2.7 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 4.09 | 15.0 14.7 7.5 | 10.3 4.0 10.3 5.5 | 1.2 .0 .9 -.1 | 5.9 Furniture and related products | 337 | 1.51 | 1.7 -1.2 -2.9 | -8.6 .7 6.2 -9.1 | -.4 -1.3 -2.6 -3.0 | -6.7 Miscellaneous | 339 | 3.32 | 8.7 4.8 3.2 | 1.6 8.8 2.6 .1 | -.4 1.0 .2 -1.5 | 2.8 | | | | | | Nondurable manufacturing | | 36.28 | .9 2.3 .6 | 2.6 1.2 1.3 -2.5 | .0 .1 .1 -.1 | .4 Food, beverage, and tobacco products | 311,2 | 11.09 | 5.3 2.6 1.7 | 3.9 4.0 1.4 -2.2 | -.4 .1 .1 .1 | 1.2 Textile and product mills | 313,4 | .95 | 2.0 -7.7 -7.9 | -8.4 2.7 -18.0 -6.9 | -.5 .7 -2.6 -.2 | -8.6 Apparel and leather | 315,6 | .61 | .4 -.1 -3.3 | .3 -2.0 -7.5 -3.8 | -.7 2.4 -1.3 -.5 | -3.7 Paper | 322 | 2.56 | -.1 -.1 -2.4 | -6.0 -1.5 -.8 -1.2 | 1.4 2.1 -1.5 .5 | -.5 Printing and support | 323 | 2.02 | 1.9 5.2 -2.2 | 3.1 -8.9 -3.0 .3 | .4 -.4 -.8 -1.9 | -5.9 Petroleum and coal products | 324 | 3.33 | -3.6 2.6 .0 | 8.8 -7.1 3.3 -4.3 | -.2 .3 2.5 .3 | 2.3 Chemical | 325 | 12.15 | -2.5 3.8 .6 | 1.3 1.8 2.8 -3.4 | -.1 -.2 .5 -.1 | .5 Plastics and rubber products | 326 | 3.58 | 3.0 .2 5.1 | 6.7 8.6 5.2 .1 | .7 -.8 -.3 -.2 | 3.3 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.17 | .6 .2 -.6 | -1.9 2.3 -1.6 -1.1 | -.7 .4 -.7 -.1 | -.7 | | | | | | Mining | 21 | 8.03 | -5.5 8.0 1.2 | -4.8 .1 4.1 6.0 | 1.6 .6 -1.3 .4 | 2.6 Utilities | 2211,2 | 9.70 | 2.1 .3 2.8 | 8.7 -1.0 3.1 .7 | .4 .3 2.2 -3.7 | -5.4 Electric | 2211 | 8.15 | 3.4 .0 3.4 | 7.9 -.5 3.7 2.7 | -1.1 .1 2.1 -3.5 | -3.6 Natural gas | 2212 | 1.55 | -3.4 1.9 -.3 | 13.3 -3.7 .1 -9.4 | 9.5 1.3 2.8 -5.0 | -14.2 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. <1> The proportion data are estimates of the relative contribution of each series to the growth of total industrial production in the following year. Note. Under industry groups, the figures to the right of the series descriptions are 2002 North American Industry Classification System (NAICS) codes. The abbreviation pt denotes part of a NAICS code. Additional industry detail is available on the Board's web site (www.federalreserve.gov/releases/G17). Under market groups, in the products category, miscellaneous consumer nondurables, oil and gas drilling, and manufactured homes are not shown separately; in the nondurable materials category, containers and miscellaneous nondurable materials are not shown separately. Table 2 Industrial Production: Special Aggregates and Selected Detail Percent change, seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Fourth quarter to | | | | | | fourth quarter | Annual rate | Monthly rate | | | |---------------------|----------------------------|----------------------------| Feb. '07 | | 2007 | | 2007 | 2007 2008 | to Item | NAICS | Proportion| 2005 2006 2007 | Q1 Q2 Q3 Q4 r | Nov. Dec. Jan. Feb. | Feb. '08 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 3.2 3.5 1.8 | 1.1 3.5 3.6 -1.0 | .4 .2 .1 -.5 | 1.0 | | | | | | Energy | | 19.76 | -1.8 4.0 2.8 | 4.8 -1.4 4.8 3.1 | .9 .4 1.0 -1.7 | -.7 Consumer products | | 4.99 | 1.7 .7 1.9 | 13.5 -7.5 6.1 -3.2 | 1.7 .5 2.8 -2.8 | -5.1 Commercial products | | 2.72 | .5 2.3 3.2 | 4.0 3.6 .7 4.4 | .4 -.9 1.9 -2.7 | -1.4 Oil and gas well drilling | 213111 | .75 | 11.8 14.7 -.6 | 8.6 -6.3 -1.5 -2.5 | 3.8 3.0 -2.8 -1.1 | -3.6 Converted fuel | | 3.82 | -2.5 2.2 6.2 | 5.3 5.9 8.5 5.2 | -2.2 1.1 1.4 -2.6 | .1 Primary energy | | 7.49 | -4.9 6.8 1.9 | -1.0 -1.9 4.1 6.6 | 1.9 .1 -.3 -.2 | 2.6 | | | | | | Non-energy | | 80.24 | 4.6 3.3 1.5 | .1 4.7 3.4 -2.0 | .2 .2 -.1 -.3 | 1.5 Selected high-technology industries | | 4.75 | 28.1 24.6 16.9 | 9.2 16.6 26.4 16.0 | 1.1 .6 .3 1.1 | 17.3 Computers and peripheral equipment | 3341 | 1.35 | 30.4 12.1 24.4 | 32.8 39.4 14.0 13.6 | 2.0 1.0 .7 1.2 | 19.2 Communications equipment | 3342 | 1.07 | 12.9 14.8 14.7 | 27.7 8.3 8.2 15.8 | 2.0 .5 .4 1.2 | 10.7 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.33 | 33.8 34.8 14.5 | -6.9 9.5 43.7 17.3 | .2 .4 .1 1.1 | 19.4 | | | | | | Excluding selected high-technology | | | | | | industries | | 75.48 | 3.1 1.9 .5 | -.5 3.9 2.0 -3.1 | .2 .1 -.2 -.3 | .5 | | | | | | Motor vehicles and parts | 3361-3 | 5.27 | .2 -3.8 -1.9 | -7.5 13.3 1.2 -12.6 | 1.0 .1 -1.6 -1.0 | -2.7 Motor vehicles | 3361 | 2.26 | -2.5 -6.0 -1.4 | -10.6 23.1 2.4 -16.2 | 2.3 1.0 -2.3 -2.4 | -3.6 Motor vehicle parts | 3363 | 2.65 | 1.3 -.2 -.1 | -4.0 8.8 3.9 -8.2 | .7 -1.2 -.6 .0 | .0 | | | | | | Excluding motor vehicles and parts | | 70.22 | 3.4 2.4 .7 | .1 3.2 2.0 -2.4 | .1 .1 -.1 -.3 | .7 Consumer goods | | 21.06 | 3.6 1.8 .3 | 1.0 1.8 .8 -2.4 | -.5 .1 -.2 .0 | .0 Business equipment | | 8.07 | 8.9 10.2 2.3 | -3.3 4.4 7.3 1.0 | .2 .7 .3 .0 | 4.4 Construction supplies | | 4.52 | 8.0 -2.2 -1.2 | -3.0 5.6 1.3 -8.0 | -.8 .4 -.6 -.8 | -1.0 Business supplies | | 7.93 | 3.1 1.0 -.1 | .0 1.2 .1 -1.6 | .0 .1 -.4 -.7 | -.9 Materials | | 26.86 | .7 2.3 1.3 | 1.1 4.6 2.1 -2.4 | .6 -.1 .1 -.4 | 1.1 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.25 | 1.9 2.4 1.0 | .6 2.8 2.5 -1.9 | .3 .2 .1 -.6 | .2 Manufacturing<1> | | 77.52 | 2.9 2.0 .8 | .3 3.6 2.3 -2.9 | .2 .1 -.1 -.3 | .7 Durable | | 37.25 | 5.2 2.0 1.1 | -1.6 6.1 3.7 -3.5 | .4 .1 -.2 -.6 | 1.2 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.73 | 3.4 3.9 2.0 | 1.6 2.9 3.8 -.3 | .3 .2 .2 -.5 | 1.2 Manufacturing<1> | | 77.00 | 4.7 3.9 2.0 | 1.4 3.7 3.8 -1.1 | .2 .2 .1 -.2 | 2.0 Durable | | 36.73 | 9.3 6.0 3.6 | .8 6.4 6.9 .4 | .4 .2 .1 -.3 | 3.8 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 89.98 | 2.1 2.8 1.2 | 1.1 2.2 2.6 -1.2 | .3 .2 .2 -.6 | .4 Manufacturing<1> | | 72.25 | 3.1 2.5 1.0 | .9 2.9 2.4 -2.2 | .1 .1 .1 -.3 | .9 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 12.60 | 8.3 9.0 2.3 | -2.6 3.7 7.5 1.0 | .7 -.2 -.1 .1 | 3.4 Primary and semifinished processors | | 18.65 | -.1 1.3 2.2 | 2.5 6.9 3.0 -3.4 | .5 .0 .1 -.5 | 1.6 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | Nov. Dec. Jan. Feb. ------------------------------------------------------------------------------------------------------------------------------- Total | 10.75 | 10.58 11.07 10.94 10.50 | 10.62 10.54 10.17 10.08 Autos | 3.92 | 3.97 3.89 3.93 3.97 | 3.95 4.06 3.98 3.87 Trucks | 6.83 | 6.61 7.18 7.01 6.52 | 6.67 6.48 6.20 6.21 Light | 6.55 | 6.26 6.91 6.76 6.28 | 6.42 6.22 5.97 5.99 Medium and heavy | .28 | .36 .27 .25 .25 | .25 .26 .23 .22 | | | Memo: | | | Autos and light trucks | 10.47 | 10.22 10.80 10.69 10.25 | 10.37 10.28 9.95 9.86 ------------------------------------------------------------------------------------------------------------------------------- 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| June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 113.5 114.2 114.1 114.2 113.5 113.9 114.2 114.3 113.7 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 57.44 | 113.7 114.3 114.0 114.2 113.3 113.5 113.9 114.0 113.3 Consumer goods | | 29.19 | 109.2 109.7 109.6 109.5 108.5 108.6 109.0 109.2 108.5 Durable | | 7.05 | 108.7 109.3 107.9 106.3 105.1 105.6 105.9 104.4 103.3 Automotive products | | 3.28 | 104.1 105.3 102.8 100.3 99.2 100.5 101.8 100.1 98.9 Home electronics | | .38 | 200.3 200.4 199.1 199.0 197.5 210.6 214.9 212.9 215.4 Appliances, furniture, carpeting | | 1.16 | 101.1 100.3 100.1 98.9 97.8 96.4 94.9 92.5 89.6 Miscellaneous goods | | 2.24 | 109.4 110.0 109.7 109.3 107.8 107.1 106.5 105.8 105.6 Nondurable | | 22.14 | 109.3 109.8 110.0 110.4 109.6 109.5 109.9 110.6 110.1 Non-energy | | 17.15 | 110.0 110.7 109.9 110.3 110.3 109.7 110.0 110.1 110.3 Foods and tobacco | | 9.37 | 113.3 113.7 112.7 113.1 112.8 112.4 112.4 112.3 112.5 Clothing | | .57 | 78.8 79.2 77.4 76.8 76.3 75.9 77.7 76.8 76.5 Chemical products | | 4.85 | 109.5 111.1 110.9 110.9 111.8 110.9 111.2 111.7 112.3 Paper products | | 1.84 | 105.8 106.0 105.1 106.4 105.8 104.9 105.9 105.8 105.9 Energy | | 4.99 | 107.4 107.0 110.8 111.5 107.5 109.3 109.9 112.9 109.8 | | | Business equipment | | 10.16 | 132.2 133.9 133.1 134.2 133.5 134.1 135.2 135.3 135.5 Transit | | 2.10 | 145.5 146.6 147.3 146.7 146.1 147.7 149.2 148.7 148.1 Information processing | | 2.81 | 151.0 151.8 151.4 152.1 153.2 155.4 156.3 156.7 158.9 Industrial and other | | 5.25 | 118.1 120.4 118.9 120.8 119.3 118.9 119.9 120.2 119.6 Defense and space equipment | | 1.76 | 112.9 113.0 112.2 112.3 111.2 112.6 112.1 113.2 112.9 | | | Construction supplies | | 4.56 | 110.2 109.9 109.5 109.3 107.8 106.9 107.4 106.7 105.9 Business supplies | | 10.96 | 111.7 111.8 111.9 112.3 112.1 112.2 112.0 112.2 110.9 | | | Materials | | 42.56 | 113.2 114.2 114.3 114.3 113.9 114.6 114.6 114.7 114.2 Non-energy | | 31.25 | 118.2 119.6 118.9 119.1 118.3 119.0 118.9 118.9 118.6 Durable | | 19.40 | 127.4 129.4 129.1 129.1 128.8 129.6 129.1 129.3 129.0 Consumer parts | | 3.19 | 99.8 99.8 99.7 97.6 96.4 97.3 95.2 94.8 94.4 Equipment parts | | 6.60 | 173.4 178.4 178.1 179.2 181.0 182.0 182.1 183.6 184.4 Other | | 9.61 | 110.4 111.8 111.4 111.7 110.8 111.5 111.3 111.1 110.4 Nondurable | | 11.85 | 104.6 105.0 103.7 104.2 102.7 103.3 103.7 103.6 103.3 Textile | | .54 | 80.7 78.1 75.1 75.8 75.3 75.0 75.2 73.3 73.1 Paper | | 2.27 | 98.4 99.4 99.5 98.5 98.2 99.5 101.2 99.4 99.2 Chemical | | 5.76 | 111.6 111.8 110.0 110.5 108.6 109.3 109.0 109.8 109.4 Energy | | 11.31 | 101.2 101.4 103.3 102.8 103.5 104.0 104.5 104.8 103.7 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 82.27 | 115.7 116.6 115.9 116.1 115.4 115.7 115.8 115.8 115.5 Manufacturing (NAICS) | 31-33 | 78.10 | 116.7 117.7 117.0 117.1 116.4 116.7 116.9 116.9 116.6 | | | Durable manufacturing | | 41.82 | 124.7 126.2 125.5 125.3 124.7 125.3 125.6 125.4 124.9 Wood products | 321 | 1.24 | 101.9 100.8 99.1 97.1 94.6 93.0 94.7 91.4 88.7 Nonmetallic mineral products | 327 | 2.43 | 110.6 111.7 112.0 111.9 110.5 111.0 108.0 107.6 106.9 Primary metal | 331 | 3.57 | 110.6 114.0 112.8 109.2 110.3 111.2 113.1 114.9 113.3 Fabricated metal products | 332 | 5.83 | 112.1 112.5 112.3 112.8 112.7 113.1 112.5 112.7 112.3 Machinery | 333 | 5.13 | 117.5 119.9 117.7 120.5 117.9 117.2 117.6 117.4 117.8 Computer and electronic products | 334 | 7.29 | 187.7 191.6 191.8 192.8 195.4 198.0 199.0 199.2 201.6 Electrical equipment, appliances, | | | and components | 335 | 2.13 | 109.3 109.9 108.7 109.4 107.8 108.6 109.7 110.4 110.3 Motor vehicles and parts | 3361-3 | 5.27 | 102.8 103.6 102.2 99.1 97.5 98.6 98.7 97.1 96.1 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 4.09 | 133.5 134.4 135.3 135.8 135.9 137.5 137.6 138.8 138.7 Furniture and related products | 337 | 1.51 | 102.2 103.2 103.6 101.7 101.1 100.7 99.4 96.8 93.9 Miscellaneous | 339 | 3.32 | 123.4 123.6 123.0 124.7 123.7 123.2 124.4 124.7 122.7 | | | Nondurable manufacturing | | 36.28 | 107.9 108.5 107.7 108.2 107.4 107.4 107.5 107.7 107.6 Food, beverage, and tobacco products | 311,2 | 11.09 | 113.9 114.5 113.5 114.1 113.6 113.2 113.3 113.4 113.6 Textile and product mills | 313,4 | .95 | 87.9 85.3 82.6 82.3 82.0 81.6 82.2 80.0 79.8 Apparel and leather | 315,6 | .61 | 79.4 79.5 77.9 77.6 77.3 76.8 78.7 77.6 77.3 Paper | 322 | 2.56 | 96.1 96.8 96.5 96.1 94.7 96.0 98.0 96.5 97.0 Printing and support | 323 | 2.02 | 102.1 101.7 102.5 103.2 102.5 102.9 102.4 101.6 99.7 Petroleum and coal products | 324 | 3.33 | 110.1 110.3 110.4 110.7 109.2 109.1 109.4 112.2 112.5 Chemical | 325 | 12.15 | 110.8 111.8 110.9 111.5 110.6 110.5 110.2 110.7 110.6 Plastics and rubber products | 326 | 3.58 | 109.0 109.9 109.3 110.5 109.7 110.5 109.6 109.3 109.1 | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.17 | 99.4 99.1 98.1 99.4 98.9 98.3 98.6 98.0 97.9 | | | Mining | 21 | 8.03 | 100.4 101.3 100.5 101.7 101.4 103.0 103.6 102.3 102.7 Utilities | 2211,2 | 9.70 | 107.3 106.2 111.5 109.7 109.0 109.4 109.7 112.1 107.9 Electric | 2211 | 8.15 | 109.9 108.4 113.4 112.2 112.9 111.6 111.7 114.0 110.0 Natural gas | 2212 | 1.55 | 95.4 96.1 102.8 98.1 90.5 99.1 100.3 103.1 97.9 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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| June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 113.5 114.2 114.1 114.2 113.5 113.9 114.2 114.3 113.7 | | | Energy | | 19.76 | 105.6 105.5 107.9 107.5 107.0 108.0 108.4 109.5 107.6 Consumer products | | 4.99 | 107.4 107.0 110.8 111.5 107.5 109.3 109.9 112.9 109.8 Commercial products | | 2.72 | 115.6 115.0 117.8 115.8 117.5 118.0 116.9 119.1 115.9 Oil and gas well drilling | 213111 | .75 | 171.9 170.3 169.5 169.1 162.8 168.9 174.1 169.3 167.5 Converted fuel | | 3.82 | 105.6 103.9 110.9 109.5 110.7 108.3 109.4 110.9 108.1 Primary energy | | 7.49 | 99.0 100.2 99.5 99.5 100.0 101.9 102.0 101.7 101.5 | | | Non-energy | | 80.24 | 115.6 116.5 115.8 116.0 115.3 115.5 115.7 115.5 115.3 Selected high-technology industries | | 4.75 | 234.4 242.4 243.4 245.3 250.6 253.3 254.8 255.6 258.5 Computers and peripheral equipment | 3341 | 1.35 | 195.0 196.9 197.6 198.0 200.5 204.5 206.6 208.1 210.5 Communications equipment | 3342 | 1.07 | 169.7 171.4 170.9 172.9 175.5 179.0 179.9 180.6 182.8 Semiconductors and related | | | electronic components | 334412-9 | 2.33 | 288.1 305.2 307.4 310.3 319.3 320.0 321.2 321.5 325.0 | | | Excluding selected high-technology | | | industries | | 75.48 | 109.8 110.5 109.7 109.9 109.0 109.2 109.3 109.2 108.8 | | | Motor vehicles and parts | 3361-3 | 5.27 | 102.8 103.6 102.2 99.1 97.5 98.6 98.7 97.1 96.1 Motor vehicles | 3361 | 2.26 | 103.1 105.7 101.9 97.0 95.4 97.5 98.5 96.3 94.0 Motor vehicle parts | 3363 | 2.65 | 101.6 101.6 102.3 100.3 99.1 99.9 98.7 98.1 98.1 | | | Excluding motor vehicles and parts | | 70.22 | 110.4 111.1 110.4 110.8 110.0 110.1 110.2 110.2 109.9 Consumer goods | | 21.06 | 109.6 110.1 109.4 109.6 109.3 108.8 109.0 108.7 108.7 Business equipment | | 8.07 | 124.4 126.1 125.4 126.9 125.9 126.2 127.2 127.5 127.4 Construction supplies | | 4.52 | 109.5 109.3 108.9 108.6 107.1 106.3 106.7 106.0 105.2 Business supplies | | 7.93 | 106.0 106.1 105.4 106.5 105.5 105.6 105.6 105.2 104.5 Materials | | 26.86 | 109.0 110.0 109.0 109.4 108.4 109.0 109.0 109.1 108.7 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.25 | 108.9 109.4 109.3 109.3 108.5 108.9 109.1 109.2 108.5 Manufacturing<1> | | 77.52 | 110.0 110.8 110.0 110.1 109.3 109.5 109.6 109.6 109.2 Durable | | 37.25 | 113.5 114.5 113.8 113.4 112.5 113.0 113.2 112.9 112.3 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.73 | 114.2 114.9 114.9 115.2 114.6 114.9 115.2 115.4 114.8 Manufacturing<1> | | 77.00 | 116.7 117.7 117.0 117.5 116.9 117.1 117.3 117.4 117.1 Durable | | 36.73 | 128.7 130.3 129.8 130.1 129.7 130.3 130.6 130.7 130.3 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 89.98 | 109.3 109.8 109.7 110.0 109.2 109.5 109.7 109.9 109.3 Manufacturing<1> | | 72.25 | 110.6 111.3 110.6 111.1 110.3 110.4 110.5 110.6 110.3 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 12.60 | 130.3 132.3 132.0 131.6 131.8 132.7 132.5 132.4 132.5 Primary and semifinished processors | | 18.65 | 109.5 110.5 109.5 110.1 108.7 109.3 109.2 109.4 108.8 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 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 55.1 53.1 2008 47.5 Three Months Earlier 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 53.1 51.2 2008 50.2 Six Months Earlier 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 51.8 53.1 2008 47.2 ------------------------------------------------------------------------------------------------------- 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-| | | | 2007 | 2007 89 95 02| 2007 | 2007 2008 Item | NAICS | Proportion| Ave. High High Low| Q1 Q2 Q3 Q4 r | Nov. Dec. Jan. Feb. -------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.0 85.1 73.6 | 81.3 81.7 82.0 81.5 | 81.5 81.6 81.5 80.9 | | | | | Manufacturing<1> | | 83.67 | 79.8 85.4 84.6 71.6 | 79.8 80.3 80.6 79.8 | 79.8 79.8 79.6 79.3 Manufacturing (NAICS) | 31-33 | 79.61 | 79.6 85.3 84.7 71.0 | 79.6 80.0 80.4 79.6 | 79.6 79.6 79.4 79.1 | | | | | Durable manufacturing | | 43.46 | 78.0 84.5 84.2 68.1 | 77.7 78.4 79.0 78.0 | 78.1 78.1 77.8 77.2 Wood products | 321 | 1.39 | 80.0 88.2 87.7 71.0 | 73.1 74.6 73.8 70.3 | 69.5 70.7 68.3 66.4 Nonmetallic mineral products | 327 | 2.48 | 79.5 85.1 84.1 75.8 | 78.0 78.6 80.1 78.4 | 79.2 77.0 76.6 76.1 Primary metal | 331 | 3.23 | 80.9 93.8 95.6 68.5 | 84.4 87.0 87.3 86.6 | 86.3 87.7 88.9 87.6 Fabricated metal products | 332 | 5.83 | 77.4 81.6 85.1 69.2 | 79.9 80.6 81.2 81.1 | 81.4 80.8 80.9 80.5 Machinery | 333 | 5.31 | 78.7 85.2 87.6 63.7 | 78.4 78.6 79.5 77.9 | 77.6 77.8 77.5 77.7 Computer and electronic products | 334 | 8.33 | 78.2 81.4 84.3 58.6 | 75.3 74.3 74.5 74.0 | 74.2 73.8 73.0 73.1 Electrical equip., appliances, | | | | | and components | 335 | 2.00 | 83.3 89.1 93.1 71.8 | 85.0 86.2 86.3 85.5 | 85.4 86.2 86.7 86.5 Motor vehicles and parts | 3361-3 | 5.72 | 77.5 89.7 89.0 68.9 | 73.6 76.7 77.8 76.1 | 76.3 76.7 75.7 75.0 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 4.09 | 72.8 87.1 68.5 62.8 | 80.3 80.6 82.2 82.9 | 83.2 83.1 83.7 83.5 Furniture and related products | 337 | 1.60 | 78.5 82.2 82.9 67.8 | 76.6 76.7 77.8 76.0 | 76.2 75.2 73.3 71.1 Miscellaneous | 339 | 3.48 | 76.8 82.5 81.3 70.6 | 78.3 79.1 78.6 77.7 | 77.4 77.8 77.7 76.3 | | | | | Nondurable manufacturing | | 36.15 | 81.7 86.8 85.4 74.9 | 82.0 82.0 82.1 81.4 | 81.4 81.4 81.4 81.3 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 | 82.0 81.9 81.9 81.9 Textile and product mills | 313,4 | 1.06 | 82.1 91.2 91.4 68.8 | 74.6 75.6 72.5 71.7 | 71.4 72.1 70.4 70.4 Apparel and leather | 315,6 | .67 | 78.6 84.3 87.1 59.5 | 74.9 75.2 74.3 74.2 | 73.5 75.5 74.7 74.5 Paper | 322 | 2.47 | 87.7 92.5 92.0 78.9 | 84.3 84.1 84.1 84.0 | 83.8 85.6 84.4 84.9 Printing and support | 323 | 2.11 | 83.5 91.8 86.4 72.7 | 80.6 78.4 77.4 77.2 | 77.4 76.9 76.2 74.7 Petroleum and coal products | 324 | 3.12 | 86.4 89.0 90.6 83.7 | 92.3 90.7 91.3 90.2 | 90.1 90.3 92.6 92.8 Chemical | 325 | 12.48 | 78.3 85.1 81.4 70.2 | 77.8 78.0 78.4 77.5 | 77.5 77.3 77.6 77.4 Plastics and rubber products | 326 | 3.35 | 83.9 89.8 91.9 75.1 | 85.4 86.7 87.2 86.7 | 87.2 86.3 85.9 85.5 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 4.06 | 84.7 91.0 83.3 81.3 | 84.0 84.3 83.8 83.4 | 83.2 83.4 82.8 82.7 | | | | | Mining | 21 | 7.23 | 87.5 86.1 88.9 84.8 | 90.0 89.9 90.8 92.1 | 92.4 92.9 91.7 92.0 Utilities | 2211,2 | 9.10 | 86.7 92.7 93.7 83.8 | 86.4 85.8 86.2 86.2 | 86.2 86.3 88.1 84.7 | | | | | Selected high-technology industries | | 5.30 | 78.0 80.8 87.4 56.2 | 77.9 77.4 78.5 77.9 | 78.1 77.4 76.4 76.1 Computers and peripheral equipment | 3341 | 1.39 | 78.2 79.9 84.2 62.8 | 82.3 85.2 83.0 80.7 | 80.9 80.2 79.2 78.6 Communications equipment | 3342 | 1.17 | 75.5 80.8 86.6 40.2 | 77.6 78.6 79.6 81.9 | 82.3 82.5 82.5 83.1 Semiconductors and related | | | | | electronic components | 334412-9 | 2.75 | 80.4 82.9 93.5 58.1 | 75.6 72.9 75.8 74.9 | 74.9 73.9 72.7 72.2 | | | | | 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 | 81.9 82.0 82.0 81.4 Manufacturing<1> | | 78.36 | 79.9 85.9 84.5 72.8 | 80.2 80.7 81.0 80.2 | 80.2 80.2 80.1 79.8 | | | | | Stage-of-process groups | | | | | Crude | | 11.61 | 86.6 88.1 89.5 82.0 | 88.7 89.2 89.7 90.4 | 90.8 91.1 90.2 90.2 Primary and semifinished | | 48.24 | 82.2 86.5 88.2 74.6 | 82.2 82.2 82.7 81.8 | 81.8 81.7 81.9 80.9 Finished | | 40.15 | 77.8 82.8 80.5 70.0 | 78.0 78.6 78.8 78.3 | 78.2 78.3 78.2 78.0 -------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | Feb. ----------------------------------------------------------------------------------------------------------------------------------------------------- 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 | .2 | | | | 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 | Nov. Dec. Jan. Feb. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,812.5 | 3,092.6 | 3,060.2 3,072.1 3,089.6 3,111.7 3,091.7 | 3,090.7 3,103.4 3,107.7 3,086.0 | | | | Final products | 2,112.0 | 2,348.1 | 2,321.5 2,332.3 2,344.1 2,364.7 2,347.8 | 2,347.2 2,359.0 2,362.2 2,349.2 | | | | Consumer goods | 1,480.7 | 1,636.0 | 1,610.7 1,627.7 1,636.9 1,647.9 1,631.5 | 1,631.1 1,637.0 1,641.4 1,629.3 Durable | 471.7 | 506.8 | 498.2 496.8 514.1 515.5 503.6 | 504.1 506.5 498.6 492.7 Automotive products | 278.9 | 299.0 | 291.1 290.4 304.7 306.1 298.5 | 298.6 302.3 297.3 293.0 Other durable goods | 192.9 | 207.6 | 206.7 206.0 209.2 209.3 205.0 | 205.3 204.1 201.3 199.5 Nondurable | 1,009.0 | 1,123.6 | 1,107.0 1,124.1 1,118.6 1,127.9 1,122.2 | 1,121.5 1,125.1 1,135.6 1,129.2 | | | | Equipment, total | 631.3 | 722.3 | 722.2 714.5 716.9 727.1 727.2 | 727.0 733.3 731.9 731.2 Business and defense | 614.9 | 705.8 | 706.0 697.3 699.8 710.7 711.7 | 711.4 717.1 716.6 716.2 Business | 556.8 | 637.1 | 637.4 628.3 631.1 641.7 643.2 | 642.3 648.7 647.4 647.4 Defense and space | 58.2 | 71.5 | 71.4 71.5 71.3 71.9 71.6 | 72.0 71.7 72.2 71.9 | | | | Nonindustrial supplies | 700.5 | 745.4 | 739.6 740.8 746.4 748.2 745.0 | 744.6 745.6 746.8 738.4 Construction supplies | 197.2 | 204.3 | 204.0 202.8 205.8 206.2 202.3 | 201.1 203.2 201.8 200.0 Business supplies | 503.3 | 541.3 | 535.7 538.2 540.6 542.2 543.2 | 544.1 542.8 545.5 539.0 Commercial energy products | 136.0 | 158.5 | 156.3 157.5 158.1 158.3 159.9 | 160.8 159.2 163.1 158.9 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 | | |---------------------|----------------------------|----------------------------| Feb. '07 | 2007 | | 2007 | 2007 2008 | to Item | gross value<1>| 2005 2006 2007 | Q1 Q2 Q3 Q4 r | Nov. Dec. Jan. Feb. | Feb. '08 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 2020.9 | 5.6 3.4 1.0 | -1.2 4.6 3.2 -2.4 | .2 .5 -.3 -.3 | 1.1 Semifinished | 1785.3 | 6.2 2.5 1.6 | .2 3.7 4.5 -2.0 | -.4 -.2 .2 -.8 | .4 Primary | 998.3 | -.8 .1 2.0 | 7.2 .6 4.6 -4.1 | .8 .6 1.2 -1.2 | -.1 Crude | 426.5 | -8.3 7.1 2.6 | .9 4.3 2.6 2.5 | 1.7 .0 -.7 .0 | 2.2 | | | | | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 .2 | 1.1 3.5 3.6 -1.0 | 2.1 2008 | .1 -.5 | | | | | 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 | 111.7 112.5 112.4 113.1 113.0 113.5 114.2 114.1 114.2 113.5 113.9 114.2 | 112.2 113.2 114.2 113.9 | 113.4 2008 | 114.3 113.7 | | | | | 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 | 140.2 140.4 | | | | | 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 81.6 | 81.3 81.7 82.0 81.5 | 81.6 2008 | 81.5 80.9 | | ------------------------------------------------------------------------------------------------------------------------------------------- <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 .2 .2 | .8 4.3 3.6 -1.9 | 2.0 2008 | .0 -.2 | | | | | 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 | 113.7 113.6 114.4 114.8 114.9 115.7 116.6 115.9 116.1 115.4 115.7 115.8 | 113.9 115.1 116.2 115.6 | 115.2 2008 | 115.8 115.5 | | | | | 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 | 145.5 145.7 | | | | | 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 | 79.6 79.3 | | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 13 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Excluding Selected High-Technology Industries Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 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 .2 | .6 2.8 2.5 -1.9 | 1.2 2008 | .1 -.6 | | | | | 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 | 107.4 108.3 108.1 108.6 108.5 108.9 109.4 109.3 109.3 108.5 108.9 109.1 | 107.9 108.7 109.3 108.8 | 108.7 2008 | 109.2 108.5 | | | | | 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 | 133.1 133.2 | | | | | 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 82.0 | 81.7 82.1 82.4 81.9 | 82.0 2008 | 82.0 81.4 | | ------------------------------------------------------------------------------------------------------------------------------------------- <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 -.3 | | | | | 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 | 109.6 109.2 | | | | | 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 | 136.8 136.9 | | | | | 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 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 80.1 80.2 80.2 | 80.2 80.7 81.0 80.2 | 80.5 2008 | 80.1 79.8 | | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Note. Selected high-technology industries are computers, communications equipment, and semiconductors and related electronic components. Explanatory Note The Industrial Production and Capacity Utilization statistical release, which is published around the middle of the month, reports measures of output, capacity, and capacity utilization in manufacturing, mining, and the electric and gas utilities industries. More detailed descriptions of industrial production and capacity utilization are available at www.federalreserve.gov/releases/G17 at the Board's World Wide Web site. In addition, files containing data shown in the release, more detailed series that were published in the G.17 prior to December 2000, and historical data are available at the Board's Web site. Instructions for searching for and downloading specific series are provided as well. For