FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EDT) April 16, 2008 Industrial Production and Capacity Utilization Industrial production rose 0.3 percent in March after having dropped 0.7 percent in February. For the first quarter as a whole, output declined at an annual rate of 0.1 percent after edging up at a rate of 0.4 percent in the fourth quarter of last year. Manufacturing production rose 0.1 percent in March. Factory output was held down by a large decline in the output of motor vehicles and parts; a shortage of motor vehicle parts that resulted from a strike at a parts manufacturer idled a number of motor vehicle assembly plants. Outside of motor vehicles and parts, manufacturing production moved up 0.4 percent after having fallen 0.5 percent in February. In March, the output of mines increased 0.9 percent, and the output of utilities advanced 1.9 percent. At 112.1 percent of its 2002 average, total industrial production was 1.6 percent above its year-earlier level. The capacity utilization rate for total industry in March rose 0.2 percentage point, to 80.5 percent. Market Groups ------------- The production of consumer goods was unchanged in March; a drop in the production of consumer durables offset an increase in consumer nondurables. For the first quarter, the output of consumer goods edged up at an annual rate of 0.2 percent after having fallen at a rate of 2.9 percent in the fourth quarter of last year. The decline in durable consumer goods in March principally reflected a strike-related drop in automotive products, though, in addition, the output of miscellaneous consumer durables slipped 0.4 percent. The drop in consumer durables was tempered by gains of more than 1 percent in the output of home electronics and of appliances, furniture, and carpeting. The output of non-energy nondurables rose 0.9 percent; gains in the production of foods and tobacco and of paper products outweighed a decline in clothing production, while the production of chemical products was unchanged. The output of consumer energy goods stepped down 0.4 percent. The output of business equipment increased 0.6 percent in March and rose at an annual rate of 4.4 percent in the first quarter after having advanced at a rate of 1.9 percent in the fourth quarter. Increases in information processing equipment and in industrial and other equipment in March more than offset a decrease in transit equipment. The index for transit equipment fell 0.5 percent largely as a result of the vehicle parts strike. The index for civilian aircraft edged up. The output of defense and space equipment increased 0.2 percent in March after having fallen 0.8 percent in February. The output of construction supplies decreased 0.2 percent in March. Production of these goods fell at an annual rate of 6.8 percent in the first quarter after having dropped at a rate of 7.7 percent in the fourth quarter of last year. The output of business supplies rose 0.7 percent in March. The production of materials advanced 0.5 percent in March and nearly reversed its February decline. For the first quarter, output edged down at an annual rate of 0.3 percent after having advanced at a rate of 3.0 percent in the fourth quarter of last year. Among non-energy materials, durable materials declined 0.3 percent in March. A gain in equipment parts was outweighed by a decrease in consumer parts, which largely reflected the lower output of motor vehicle parts, and by a decline in other durable materials. The output of nondurable materials moved up 0.6 percent; increases in paper and in chemical materials more than offset a decrease in textile materials. The production of energy materials climbed 1.3 percent. Industry Groups --------------- Manufacturing production edged up 0.1 percent in March after having dropped 0.5 percent in February. For the first quarter as a whole, manufacturing output decreased at an annual rate of 0.5 percent after having fallen at a similar pace in the fourth quarter. The factory operating rate edged down 0.1 percentage point in March, to 78.5 percent, a level 1.2 percentage points below its 1972-2007 average. The production of durable goods slipped 0.1 percent; excluding motor vehicles and parts, the output of durables advanced 0.7 percent, and gains were widespread across industries. Besides motor vehicles and parts, primary metals and machinery were the only other durable goods industries that posted declines. The production of nondurables edged up 0.2 percent. Advances in the output of food, beverage, and tobacco products; textile and product mills; paper; printing and support; and chemicals outweighed declines in apparel and leather, petroleum and coal products, and plastics and rubber products. The output of non-NAICS industries (publishing and logging) rose 0.7 percent. The output of electric utilities increased 1.6 percent in March, and the output of natural gas utilities advanced 3.4 percent. The operating rate for utilities moved up 1.4 percentage points, to 85.5 percent, a level 1.3 percentage points below its 1972-2007 average. Mining production increased 0.9 percent; the capacity utilization rate for mining rose 0.7 percentage point, to 90.8 percent, a rate 3.3 percentage points above its long-run average. Capacity utilization at industries grouped by stage of process changed as follows: For the crude stage, utilization rose 0.8 percentage point, to 89.8 percent, a rate 3.2 percentage points above its 1972-2007 average; for the primary and semifinished stages, utilization edged down 0.1 percentage point, to 80.1 percent, a rate 2.1 percentage points below its long-run average; and for the finished stage, utilization moved up 0.2 percentage point, to 77.4 percent, about the same as its long-run average. Notice Revision of Industrial Production and Capacity Utilization The Federal Reserve Board issued 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 incorporated data from the 2006 Annual Survey of Manufactures and from selected editions of the 2006 Current Industrial Reports, all from the U.S. Census Bureau. Annual data from the U.S. Geological Survey regarding metallic and nonmetallic minerals (except fuels) for 2006 were also incorporated. The update included 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 affected the indexes from 1972 to the present. Monthly releases now include new or revised indexes for a six-month reporting window, which encompasses one month of new data and revisions to the previous five months of data. The new longer reporting window allows the incorporation of additional lagging data before an annual revision. Had a six-month window been used over the past year, an additional 3 percent to 4 percent of IP would have reflected source data. For a few indexes, the longer reporting window will cause the latest month of data shown to be as many as five months earlier than the latest value for aggregate IP; 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. Capacity and capacity utilization have been 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. The revision is now available on the Board's website (www.federalreserve.gov/releases/G17). The revised data are also 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 | Mar. '07 to Industrial production | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] | Mar. '08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | Total index | 111.8 112.3 112.4 112.6 111.8 112.1 | -.4 .4 .1 .1 -.7 .3 | 1.6 Previous estimates | 111.8 112.3 112.4 112.5 111.9 | -.4 .5 .1 .1 -.5 | | | | Major market groups | | | Final Products | 113.0 113.2 113.5 114.1 113.2 113.4 | -.9 .3 .2 .5 -.7 .2 | 1.3 Consumer goods | 107.3 107.4 107.4 108.1 107.1 107.0 | -1.0 .1 .0 .7 -.9 .0 | .1 Business equipment | 129.9 130.3 131.2 131.6 131.6 132.4 | -.5 .3 .7 .3 .0 .6 | 4.6 Nonindustrial supplies | 107.9 107.9 107.7 107.7 106.3 106.7 | -.5 .1 -.2 .0 -1.4 .4 | -1.0 Construction | 105.4 104.7 104.6 104.1 102.7 102.5 | -1.1 -.7 .0 -.6 -1.3 -.2 | -3.5 Materials | 112.2 113.0 113.2 112.9 112.3 112.8 | .1 .7 .2 -.2 -.5 .5 | 2.7 | | | Major industry groups | | | Manufacturing (see note below) | 113.5 113.7 113.8 113.9 113.3 113.4 | -.4 .2 .1 .1 -.5 .1 | 1.2 Previous estimates | 113.4 113.7 113.8 113.8 113.5 | -.5 .2 .1 .0 -.3 | Mining | 101.3 103.1 104.3 102.8 103.1 104.0 | -.1 1.8 1.2 -1.4 .3 .9 | 3.2 Utilities | 108.4 109.1 108.2 110.9 106.9 108.9 | -.5 .6 -.7 2.4 -3.6 1.9 | 2.3 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | Capacity | Percent of capacity | growth | ------------------------------------------------------------------------------------------------------------------------------------------- | --------------- | Average 1988- 1990- 1994- 2001- | | | 1972- 89 91 95 02 2007 | 2007 2008 | Mar. '07 to Capacity utilization | 2007 high low high low Mar.[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] | Mar. '08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | Total industry | 81.0 85.0 78.6 85.1 73.6 80.7 | 80.8 81.1 81.0 81.0 80.3 80.5 | 1.9 Previous estimates | | 80.8 81.1 81.0 81.0 80.4 | | | | Manufacturing (see note below) | 79.7 85.4 77.1 84.6 71.5 79.2 | 79.2 79.3 79.2 79.2 78.6 78.5 | 2.1 Previous estimates | | 79.2 79.3 79.2 79.1 78.7 | Mining | 87.5 86.3 83.6 88.7 84.8 89.2 | 88.7 90.6 91.2 89.9 90.1 90.8 | 1.3 Utilities | 86.8 92.7 84.1 93.9 84.6 85.2 | 86.0 86.3 85.5 87.4 84.1 85.5 | 1.8 | | | Stage-of-process groups | | | Crude | 86.6 88.3 84.4 89.5 81.9 88.4 | 87.9 89.7 90.3 89.2 89.0 89.8 | 1.1 Primary and semifinished | 82.2 86.4 77.8 88.2 74.6 81.6 | 81.4 81.5 81.0 81.4 80.2 80.1 | 2.3 Finished | 77.7 82.8 77.1 80.4 69.9 76.9 | 77.6 77.5 77.6 77.6 77.2 77.4 | 1.8 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 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 | | | |------------------------------|------------------------------|------------------------------------------------------------| Mar. '07 | | 2007 | | 2007 2008 | 2007 2008 | to Item | NAICS |Proportion<1>| 2005 2006 2007 | Q3 Q4[r] Q1[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] | Mar. '08 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 2.6 1.7 2.2 | 3.6 .4 -.1 | -.4 .4 .1 .1 -.7 .3 | 1.6 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 56.13 | 4.4 1.0 1.3 | 3.1 -1.6 .0 | -.8 .2 .1 .4 -.9 .2 | .7 Consumer goods | | 29.33 | 2.4 .2 1.1 | 2.6 -2.9 .2 | -1.0 .1 .0 .7 -.9 .0 | .1 Durable | | 6.68 | 1.5 -3.9 .9 | 1.7 -7.2 -10.1 | -1.0 .3 .1 -1.3 -1.1 -2.1 | -3.9 Automotive products | | 3.23 | -1.9 -5.3 3.7 | 3.5 -8.1 -12.7 | -1.1 .9 1.0 -1.9 -1.2 -4.8 | -5.3 Home electronics | | .31 | 11.0 11.5 13.9 | .9 31.8 9.2 | 1.5 5.3 1.2 -1.2 .7 1.3 | 14.7 Appliances, furniture, carpeting | | 1.08 | 1.6 -6.1 -6.1 | -7.2 -13.1 -15.5 | -1.4 -1.3 -1.4 -1.6 -2.5 1.5 | -7.9 Miscellaneous goods | | 2.06 | 5.6 -2.8 -1.5 | 3.8 -7.9 -5.9 | -1.1 -.6 -.8 -.3 -.5 -.4 | -2.4 Nondurable | | 22.65 | 2.7 1.5 1.2 | 2.9 -1.5 3.4 | -1.0 .0 .0 1.2 -.9 .5 | 1.2 Non-energy | | 16.27 | 3.0 2.1 .9 | 2.8 -2.2 1.6 | -.7 -.5 .3 .2 -.2 .9 | 1.4 Foods and tobacco | | 8.98 | 3.9 .3 1.5 | 4.1 -4.6 .1 | -1.6 -.4 .0 -.1 -.4 1.5 | 1.4 Clothing | | .54 | -2.1 .3 -1.9 | -5.7 -3.5 -1.6 | -.9 -.1 2.3 -.9 -.9 -1.0 | -3.0 Chemical products | | 4.71 | 3.1 7.7 .0 | 2.1 3.5 4.1 | 1.1 -.7 .4 .6 .5 .0 | 2.1 Paper products | | 1.56 | -.9 -2.4 1.1 | 1.2 -5.2 2.6 | -1.1 -.6 .8 .5 -.8 1.0 | .2 Energy | | 6.38 | 1.7 -.2 1.9 | 3.3 .2 8.1 | -1.8 1.4 -.9 4.0 -2.6 -.4 | .9 | | | | | | Business equipment | | 9.38 | 10.3 7.8 2.9 | 7.7 1.9 4.4 | -.5 .3 .7 .3 .0 .6 | 4.6 Transit | | 1.71 | 15.9 9.1 -3.2 | 3.7 -3.5 -1.4 | -1.2 .6 .8 -.8 -.1 -.5 | -1.8 Information processing | | 2.72 | 14.6 12.8 8.8 | 12.9 12.9 12.4 | .9 1.3 .9 .6 1.3 1.3 | 13.1 Industrial and other | | 4.95 | 5.9 4.4 1.7 | 6.1 -2.1 2.0 | -1.0 -.4 .5 .6 -.7 .6 | 2.3 Defense and space equipment | | 1.73 | 6.9 -2.6 5.2 | 7.7 4.8 2.9 | .0 1.7 -.3 .8 -.8 .2 | 6.3 | | | | | | Construction supplies | | 4.21 | 7.5 -3.5 -1.5 | 1.5 -7.7 -6.8 | -1.1 -.7 .0 -.6 -1.3 -.2 | -3.5 Business supplies | | 10.64 | 2.6 -.3 1.1 | .7 .8 -2.1 | -.3 .4 -.2 .2 -1.4 .7 | .0 | | | | | | Materials | | 43.87 | .3 2.5 3.3 | 4.3 3.0 -.3 | .1 .7 .2 -.2 -.5 .5 | 2.7 Non-energy | | 29.30 | 2.4 1.3 3.5 | 4.7 1.0 -1.4 | -.2 .7 -.2 -.1 -.5 .1 | 1.9 Durable | | 17.55 | 5.4 1.2 5.5 | 8.7 2.4 -.8 | .1 .9 -.5 -.1 .0 -.3 | 3.8 Consumer parts | | 2.92 | .5 -5.8 -2.0 | -2.4 -10.5 -14.9 | -1.3 .5 -2.3 -.7 -.9 -3.8 | -8.7 Equipment parts | | 6.01 | 11.3 9.4 12.4 | 18.7 12.8 7.2 | 1.9 1.1 .0 .5 .6 1.4 | 13.2 Other | | 8.62 | 2.9 -2.0 3.2 | 5.8 -.1 -1.5 | -.7 .9 -.2 -.3 -.1 -.5 | 1.6 Nondurable | | 11.74 | -2.2 1.6 .5 | -1.5 -1.2 -2.2 | -.8 .3 .3 -.2 -1.3 .6 | -1.0 Textile | | .52 | .5 -12.2 -9.2 | -19.5 -8.0 -13.0 | -.7 -.6 .0 -2.7 -.4 -.8 | -11.3 Paper | | 2.23 | -1.1 1.6 -1.3 | -1.9 2.9 -5.2 | .0 1.4 1.7 -1.6 -2.6 1.3 | -1.7 Chemical | | 5.77 | -5.8 4.9 1.9 | -2.2 -1.6 .1 | -1.0 .2 .0 .6 -1.0 .2 | -1.0 Energy | | 14.58 | -4.0 5.2 2.7 | 3.4 7.3 1.9 | .9 .8 .9 -.4 -.6 1.3 | 4.1 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 78.70 | 3.7 1.1 2.3 | 4.0 -.6 -.5 | -.4 .2 .1 .1 -.5 .1 | 1.2 Manufacturing (NAICS) | 31-33 | 75.01 | 3.9 1.4 2.5 | 4.3 -.4 -.3 | -.4 .2 .1 .1 -.5 .0 | 1.4 | | | | | | Durable manufacturing | | 38.51 | 6.9 1.6 3.9 | 6.8 .3 -.5 | -.2 .5 .0 .0 -.4 -.1 | 2.7 Wood products | 321 | 1.19 | 11.6 -13.3 -6.8 | -6.3 -17.5 -17.4 | -1.4 -2.4 .0 -2.2 -3.2 1.1 | -11.5 Nonmetallic mineral products | 327 | 2.25 | 5.3 -3.5 .9 | 8.3 -5.8 -8.1 | -1.1 .7 -2.8 -.1 -1.2 1.4 | -.3 Primary metal | 331 | 2.70 | -1.1 -4.2 4.1 | 4.5 .2 11.3 | .7 .9 1.9 1.9 .2 -2.6 | 2.6 Fabricated metal products | 332 | 5.58 | 6.2 3.2 3.4 | 4.5 1.4 .9 | -.1 .5 -.4 .3 -.2 .6 | 2.4 Machinery | 333 | 4.89 | 8.3 2.5 -.7 | 2.3 -5.7 -2.8 | -1.4 -.9 -.5 .3 -.5 -.1 | -1.2 Computer and electronic products | 334 | 6.84 | 15.1 12.2 13.8 | 20.1 19.9 11.7 | 2.4 1.8 .6 .0 1.6 2.0 | 17.9 Electrical equipment, appliances, | | | | | | and components | 335 | 1.93 | 1.8 -.5 3.7 | 1.3 -2.1 3.4 | -1.4 .7 1.0 .0 -.6 1.1 | 2.3 Motor vehicles and parts | 3361-3 | 5.12 | -.3 -5.9 -2.1 | 2.2 -12.7 -15.0 | -1.5 .7 .1 -1.7 -1.3 -5.4 | -9.1 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 3.50 | 11.5 4.5 10.9 | 11.5 6.6 2.2 | .0 1.2 -.2 .8 -.8 .3 | 7.2 Furniture and related products | 337 | 1.43 | 1.6 -1.6 -1.8 | 3.9 -7.7 -12.9 | -.7 -.3 -1.4 -1.2 -2.0 .5 | -4.7 Miscellaneous | 339 | 3.09 | 6.6 2.7 1.5 | 2.8 -1.2 1.6 | -.8 -.4 1.0 .7 -1.9 1.4 | 2.1 | | | | | | Nondurable manufacturing | | 36.50 | .7 1.3 .9 | 1.6 -1.2 -.1 | -.6 -.1 .2 .2 -.6 .2 | .0 Food, beverage, and tobacco products | 311,2 | 10.74 | 4.1 .3 2.1 | 4.3 -3.7 .5 | -1.3 -.5 .0 .0 -.3 1.5 | 2.0 Textile and product mills | 313,4 | .93 | -.3 -11.7 -8.0 | -16.3 -8.4 -10.5 | -.5 -.7 .6 -2.7 -.4 .1 | -8.8 Apparel and leather | 315,6 | .57 | -1.3 -.8 -2.0 | -5.6 -2.1 -1.8 | -.7 -.2 2.4 -1.0 -.9 -.9 | -2.8 Paper | 322 | 2.54 | -.7 .3 -2.2 | -1.6 .3 -4.8 | -.9 1.3 2.0 -1.4 -3.1 1.6 | -1.9 Printing and support | 323 | 1.87 | .5 1.9 -1.3 | -2.5 .3 -5.0 | -.6 .5 -.4 -.6 -1.2 .7 | -3.4 Petroleum and coal products | 324 | 5.24 | -3.7 2.2 -.5 | 1.0 .2 8.1 | .3 -.6 .4 2.9 -.2 -2.6 | -1.2 Chemical | 325 | 11.57 | -1.2 5.0 1.3 | 1.7 -.1 .9 | -.4 .0 .1 .4 -.5 .3 | .6 Plastics and rubber products | 326 | 3.04 | 2.6 -3.6 4.3 | 4.7 1.7 -8.4 | -.3 .7 -.9 -1.3 .0 -1.6 | -.3 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.69 | -.5 -4.5 -1.3 | -1.9 -4.5 -4.7 | -1.1 -.5 .2 -.7 -1.1 .7 | -2.6 | | | | | | Mining | 21 | 11.62 | -4.9 8.2 .4 | 2.6 6.3 1.6 | -.1 1.8 1.2 -1.4 .3 .9 | 3.2 Utilities | 2211,2 | 9.68 | 2.0 -.7 3.1 | 1.4 2.2 1.2 | -.5 .6 -.7 2.4 -3.6 1.9 | 2.3 Electric | 2211 | 7.98 | 3.5 -1.2 3.3 | 1.4 3.3 -.7 | .7 -1.1 -1.3 2.9 -3.5 1.6 | 1.4 Natural gas | 2212 | 1.70 | -4.6 1.5 2.0 | 1.3 -3.3 11.0 | -6.6 9.4 1.7 .3 -4.2 3.4 | 6.6 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [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 | | | |------------------------------|------------------------------|------------------------------------------------------------| Mar. '07 | | 2007 | | 2007 2008 | 2007 2008 | to Item | NAICS | Proportion| 2005 2006 2007 | Q3 Q4[r] Q1[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] | Mar. '08 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 2.6 1.7 2.2 | 3.6 .4 -.1 | -.4 .4 .1 .1 -.7 .3 | 1.6 | | | | | | Energy | | 24.66 | -1.8 3.7 2.3 | 2.6 4.8 3.4 | .0 1.0 .2 1.0 -1.3 .8 | 2.8 Consumer products | | 6.38 | 1.7 -.2 1.9 | 3.3 .2 8.1 | -1.8 1.4 -.9 4.0 -2.6 -.4 | .9 Commercial products | | 2.94 | .4 1.2 2.0 | -.8 3.9 1.5 | .8 .8 -1.5 2.5 -2.4 .7 | 1.4 Oil and gas well drilling | 213111 | .77 | 11.9 14.8 -.8 | -3.3 -.9 1.2 | -3.4 3.7 2.9 -2.8 -1.1 2.1 | -.9 Converted fuel | | 4.15 | -2.6 2.5 5.3 | 6.7 6.4 -1.9 | 1.4 -1.7 .8 .3 -1.9 1.7 | 5.3 Primary energy | | 10.42 | -4.6 6.4 1.7 | 2.1 7.5 3.5 | .6 1.8 .9 -.6 -.1 1.1 | 3.6 | | | | | | Non-energy | | 75.34 | 3.9 1.1 2.1 | 3.9 -.9 -1.2 | -.5 .2 .1 -.2 -.5 .2 | 1.1 Selected high-technology industries | | 4.31 | 22.4 17.3 22.1 | 34.3 28.5 14.3 | 3.7 1.7 .7 .1 2.0 2.6 | 26.4 Computers and peripheral equipment | 3341 | .98 | 28.8 18.0 16.4 | 17.3 18.4 15.6 | 1.7 1.5 1.3 1.1 1.2 1.3 | 20.4 Communications equipment | 3342 | 1.28 | 13.7 20.6 20.5 | 34.9 30.0 15.6 | 2.5 1.6 1.1 1.0 1.3 1.5 | 23.5 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.04 | 24.0 15.4 25.7 | 42.4 32.6 12.9 | 5.4 1.9 .2 -.9 2.8 3.9 | 31.1 | | | | | | Excluding selected high-technology | | | | | | industries | | 71.03 | 2.7 .0 .9 | 2.1 -2.7 -2.2 | -.8 .1 .1 -.2 -.7 .0 | -.4 | | | | | | Motor vehicles and parts | 3361-3 | 5.12 | -.3 -5.9 -2.1 | 2.2 -12.7 -15.0 | -1.5 .7 .1 -1.7 -1.3 -5.4 | -9.1 Motor vehicles | 3361 | 2.28 | -2.3 -7.0 -2.5 | 3.1 -16.9 -17.6 | -2.0 1.8 1.0 -2.4 -2.2 -6.6 | -10.6 Motor vehicle parts | 3363 | 2.47 | -.6 -4.3 .6 | 4.6 -7.9 -12.4 | -1.0 .6 -1.2 -.7 -.6 -4.7 | -6.4 | | | | | | Excluding motor vehicles and parts | | 65.91 | 3.0 .6 1.1 | 2.0 -1.8 -1.1 | -.7 .1 .1 -.1 -.6 .4 | .3 Consumer goods | | 19.88 | 3.1 1.0 .3 | 2.1 -3.1 -.4 | -.8 -.4 .2 -.1 -.3 .8 | .5 Business equipment | | 7.33 | 7.3 5.8 2.8 | 5.8 .2 3.6 | -.7 .0 .5 .5 -.2 .7 | 3.4 Construction supplies | | 4.17 | 7.5 -3.7 -1.8 | 1.0 -8.2 -7.1 | -1.1 -.8 .0 -.6 -1.3 -.3 | -3.9 Business supplies | | 7.41 | 2.4 -1.6 -.1 | -.1 -1.4 -4.0 | -.9 .1 .2 -.6 -1.1 .6 | -1.6 Materials | | 25.38 | .6 .7 1.9 | 1.6 -.6 -1.5 | -.6 .6 -.1 .0 -.7 .1 | .3 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.69 | 1.6 .9 1.2 | 2.2 -.9 -.8 | -.6 .4 .1 .1 -.9 .2 | .4 Manufacturing<1> | | 74.39 | 2.5 .1 1.1 | 2.3 -2.3 -1.4 | -.7 .1 .0 .1 -.7 -.1 | -.2 Durable | | 34.37 | 4.7 -.5 1.6 | 3.3 -3.0 -2.4 | -.7 .4 -.1 .0 -.7 -.5 | -.3 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.88 | 2.8 2.1 2.4 | 3.7 1.2 .7 | -.3 .4 .1 .2 -.7 .6 | 2.1 Manufacturing<1> | | 73.58 | 4.0 1.7 2.6 | 4.1 .3 .5 | -.3 .2 .1 .2 -.5 .4 | 2.0 Durable | | 33.56 | 8.1 2.8 4.8 | 7.4 2.5 1.8 | .0 .5 .0 .2 -.3 .7 | 4.5 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 90.57 | 1.7 1.4 1.4 | 2.2 -.1 .1 | -.5 .3 .1 .2 -.8 .5 | 1.0 Manufacturing<1> | | 69.27 | 2.7 .6 1.3 | 2.3 -1.5 -.3 | -.6 .1 .0 .2 -.6 .3 | .4 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 11.68 | 5.6 2.8 5.1 | 7.4 3.9 -1.7 | .7 .9 -.3 -.3 -.4 .1 | 3.6 Primary and semifinished processors | | 17.62 | .1 .3 2.4 | 2.8 -1.0 -1.1 | -.8 .5 -.1 .0 -.5 .0 | .7 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [r] Revised. [p] Preliminary. <1> See note on cover page. Table 3 Motor Vehicle Assemblies Millions of units, seasonally adjusted annual rate -------------------------------------------------------------------------------------------------------------------------------------------- | 2007 | 2007 2008 | 2007 2008 Item |Average| Q2 Q3 Q4 Q1 | Oct. Nov. Dec. Jan. Feb. Mar. -------------------------------------------------------------------------------------------------------------------------------------------- Total | 10.75 | 11.04 10.93 10.52 9.90 | 10.40 10.62 10.54 10.17 10.10 9.42 Autos | 3.92 | 3.87 3.93 3.99 4.00 | 3.95 3.95 4.06 3.98 3.88 4.15 Trucks | 6.83 | 7.16 7.01 6.53 5.90 | 6.45 6.67 6.48 6.20 6.22 5.26 Light | 6.55 | 6.89 6.75 6.29 5.66 | 6.23 6.42 6.22 5.97 5.99 5.02 Medium and heavy | .28 | .27 .25 .25 .24 | .22 .25 .26 .23 .24 .25 | | | Memo: | | | Autos and light trucks | 10.47 | 10.77 10.68 10.27 9.66 | 10.18 10.37 10.28 9.95 9.86 9.17 -------------------------------------------------------------------------------------------------------------------------------------------- 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| July Aug. Sept. Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 112.0 112.0 112.3 111.8 112.3 112.4 112.6 111.8 112.1 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 56.13 | 112.2 112.0 112.5 111.6 111.8 111.9 112.3 111.3 111.6 Consumer goods | | 29.33 | 108.2 107.9 108.4 107.3 107.4 107.4 108.1 107.1 107.0 Durable | | 6.68 | 105.8 104.6 103.5 102.4 102.8 102.8 101.5 100.3 98.2 Automotive products | | 3.23 | 105.1 103.0 101.1 100.0 100.9 101.9 99.9 98.7 94.0 Home electronics | | .31 | 153.1 152.7 156.4 158.8 167.1 169.2 167.2 168.4 170.6 Appliances, furniture, carpeting | | 1.08 | 96.5 96.5 95.5 94.1 92.9 91.6 90.1 87.8 89.1 Miscellaneous goods | | 2.06 | 105.6 105.3 105.0 103.8 103.2 102.4 102.0 101.6 101.2 Nondurable | | 22.65 | 108.9 108.9 109.9 108.8 108.8 108.8 110.2 109.2 109.8 Non-energy | | 16.27 | 109.9 109.1 110.1 109.4 108.8 109.2 109.4 109.1 110.2 Foods and tobacco | | 8.98 | 111.2 110.0 111.8 110.0 109.5 109.5 109.5 109.0 110.7 Clothing | | .54 | 78.3 77.3 77.0 76.3 76.2 78.0 77.3 76.5 75.8 Chemical products | | 4.71 | 117.4 117.4 117.4 118.8 118.0 118.5 119.2 119.8 119.8 Paper products | | 1.56 | 97.1 96.7 96.9 95.8 95.2 95.9 96.4 95.7 96.6 Energy | | 6.38 | 106.5 108.6 109.5 107.6 109.0 108.1 112.5 109.6 109.1 | | | Business equipment | | 9.38 | 129.6 129.4 130.5 129.9 130.3 131.2 131.6 131.6 132.4 Transit | | 1.71 | 125.3 124.4 124.1 122.6 123.4 124.4 123.3 123.2 122.5 Information processing | | 2.72 | 156.2 157.7 159.2 160.7 162.8 164.2 165.2 167.4 169.6 Industrial and other | | 4.95 | 117.2 116.4 117.9 116.7 116.2 116.8 117.5 116.6 117.3 Defense and space equipment | | 1.73 | 118.1 117.9 118.4 118.3 120.3 119.9 120.9 119.9 120.2 | | | Construction supplies | | 4.21 | 107.4 107.1 106.6 105.4 104.7 104.6 104.1 102.7 102.5 Business supplies | | 10.64 | 108.5 108.7 109.1 108.8 109.2 109.0 109.2 107.7 108.4 | | | Materials | | 43.87 | 111.8 112.0 112.0 112.2 113.0 113.2 112.9 112.3 112.8 Non-energy | | 29.30 | 116.7 116.3 116.6 116.4 117.2 117.0 116.8 116.2 116.3 Durable | | 17.55 | 125.4 125.1 125.3 125.5 126.6 126.0 125.9 125.9 125.5 Consumer parts | | 2.92 | 95.1 95.0 93.6 92.4 92.9 90.7 90.1 89.2 85.8 Equipment parts | | 6.01 | 170.4 170.1 171.3 174.6 176.5 176.4 177.3 178.4 180.9 Other | | 8.62 | 110.3 110.0 110.4 109.7 110.6 110.4 110.1 110.0 109.4 Nondurable | | 11.74 | 103.9 103.2 103.8 102.9 103.3 103.6 103.4 102.1 102.7 Textile | | .52 | 76.3 74.0 74.0 73.5 73.1 73.0 71.1 70.8 70.3 Paper | | 2.23 | 97.4 97.5 96.4 96.4 97.7 99.3 97.8 95.2 96.5 Chemical | | 5.77 | 112.6 111.9 113.1 111.9 112.2 112.1 112.8 111.6 111.9 Energy | | 14.58 | 100.8 102.1 101.6 102.5 103.3 104.2 103.8 103.2 104.5 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 78.70 | 114.1 113.6 114.0 113.5 113.7 113.8 113.9 113.3 113.4 Manufacturing (NAICS) | 31-33 | 75.01 | 115.3 114.8 115.2 114.8 115.1 115.2 115.3 114.7 114.7 | | | Durable manufacturing | | 38.51 | 122.9 122.4 122.4 122.2 122.9 122.9 122.9 122.4 122.2 Wood products | 321 | 1.19 | 100.9 100.3 97.9 96.5 94.2 94.3 92.2 89.3 90.3 Nonmetallic mineral products | 327 | 2.25 | 109.9 110.0 110.2 108.9 109.7 106.6 106.5 105.2 106.7 Primary metal | 331 | 2.70 | 113.2 111.4 109.2 110.0 111.0 113.1 115.2 115.5 112.4 Fabricated metal products | 332 | 5.58 | 112.6 112.8 113.2 113.1 113.7 113.2 113.5 113.3 113.9 Machinery | 333 | 4.89 | 117.4 116.2 118.0 116.4 115.4 114.8 115.1 114.5 114.4 Computer and electronic products | 334 | 6.84 | 185.6 186.5 188.3 192.8 196.2 197.4 197.4 200.7 204.7 Electrical equipment, appliances, | | | and components | 335 | 1.93 | 105.9 105.4 105.7 104.3 105.0 106.1 106.1 105.4 106.6 Motor vehicles and parts | 3361-3 | 5.12 | 100.8 99.3 96.6 95.1 95.8 95.9 94.3 93.1 88.0 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 3.50 | 123.4 123.8 125.3 125.3 126.7 126.4 127.4 126.4 126.8 Furniture and related products | 337 | 1.43 | 103.3 103.4 102.4 101.7 101.4 99.9 98.7 96.7 97.2 Miscellaneous | 339 | 3.09 | 116.9 116.4 117.4 116.5 116.0 117.1 117.9 115.7 117.3 | | | Nondurable manufacturing | | 36.50 | 107.1 106.6 107.3 106.7 106.6 106.8 107.0 106.4 106.5 Food, beverage, and tobacco products | 311,2 | 10.74 | 111.4 110.3 112.0 110.5 110.0 110.0 110.0 109.6 111.3 Textile and product mills | 313,4 | .93 | 80.6 78.7 78.1 77.7 77.1 77.5 75.5 75.2 75.3 Apparel and leather | 315,6 | .57 | 78.5 77.6 77.6 77.0 76.8 78.7 77.8 77.1 76.4 Paper | 322 | 2.54 | 95.9 95.7 95.0 94.1 95.4 97.3 96.0 93.0 94.4 Printing and support | 323 | 1.87 | 98.4 99.1 99.6 98.9 99.4 99.0 98.4 97.2 97.9 Petroleum and coal products | 324 | 5.24 | 108.3 108.5 108.4 108.7 108.1 108.5 111.7 111.5 108.6 Chemical | 325 | 11.57 | 114.5 114.2 115.0 114.5 114.6 114.6 115.1 114.5 114.8 Plastics and rubber products | 326 | 3.04 | 104.5 103.8 105.0 104.6 105.4 104.5 103.1 103.1 101.5 | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.69 | 93.2 92.8 93.2 92.2 91.8 92.0 91.3 90.3 91.0 | | | Mining | 21 | 11.62 | 101.5 101.2 101.3 101.3 103.1 104.3 102.8 103.1 104.0 Utilities | 2211,2 | 9.68 | 105.6 109.3 109.0 108.4 109.1 108.2 110.9 106.9 108.9 Electric | 2211 | 7.98 | 107.8 111.1 111.5 112.3 111.1 109.7 112.9 108.9 110.7 Natural gas | 2212 | 1.70 | 95.5 101.0 97.4 90.9 99.4 101.2 101.5 97.2 100.5 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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| July Aug. Sept. Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 112.0 112.0 112.3 111.8 112.3 112.4 112.6 111.8 112.1 | | | Energy | | 24.66 | 104.7 106.2 106.0 106.1 107.1 107.4 108.5 107.0 107.8 Consumer products | | 6.38 | 106.5 108.6 109.5 107.6 109.0 108.1 112.5 109.6 109.1 Commercial products | | 2.94 | 112.6 114.6 113.8 114.7 115.7 113.9 116.8 114.0 114.8 Oil and gas well drilling | 213111 | .77 | 169.5 169.1 168.9 163.1 169.1 174.1 169.3 167.5 171.0 Converted fuel | | 4.15 | 104.1 109.2 108.3 109.8 107.9 108.8 109.1 107.1 108.8 Primary energy | | 10.42 | 99.3 99.1 98.7 99.4 101.2 102.1 101.5 101.3 102.4 | | | Non-energy | | 75.34 | 114.1 113.5 113.9 113.4 113.6 113.7 113.6 113.0 113.2 Selected high-technology industries | | 4.31 | 229.2 231.1 234.6 243.2 247.4 249.2 249.5 254.4 261.0 Computers and peripheral equipment | 3341 | .98 | 187.3 188.9 191.4 194.6 197.5 200.0 202.1 204.6 207.3 Communications equipment | 3342 | 1.28 | 172.2 176.9 181.7 186.3 189.2 191.3 193.3 195.7 198.7 Semiconductors and related | | | electronic components | 334412-9 | 2.04 | 289.1 288.4 290.7 306.4 312.3 313.0 310.2 318.8 331.3 | | | Excluding selected high-technology | | | industries | | 71.03 | 108.4 107.8 108.1 107.2 107.4 107.5 107.3 106.5 106.5 | | | Motor vehicles and parts | 3361-3 | 5.12 | 100.8 99.3 96.6 95.1 95.8 95.9 94.3 93.1 88.0 Motor vehicles | 3361 | 2.28 | 104.1 100.7 96.3 94.4 96.1 97.0 94.7 92.7 86.6 Motor vehicle parts | 3363 | 2.47 | 96.6 96.8 95.2 94.3 94.8 93.6 93.0 92.4 88.1 | | | Excluding motor vehicles and parts | | 65.91 | 109.0 108.5 109.1 108.3 108.4 108.5 108.4 107.7 108.1 Consumer goods | | 19.88 | 108.7 108.0 108.7 107.9 107.4 107.6 107.4 107.1 108.0 Business equipment | | 7.33 | 120.0 119.6 120.9 120.0 120.0 120.6 121.2 120.9 121.8 Construction supplies | | 4.17 | 106.9 106.5 105.9 104.7 103.9 103.9 103.3 101.9 101.6 Business supplies | | 7.41 | 102.7 102.4 103.2 102.2 102.4 102.6 101.9 100.8 101.3 Materials | | 25.38 | 108.4 107.9 108.4 107.7 108.3 108.2 108.1 107.3 107.5 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.69 | 107.5 107.4 107.6 107.0 107.4 107.5 107.6 106.7 106.9 Manufacturing<1> | | 74.39 | 108.5 108.0 108.3 107.5 107.6 107.7 107.8 107.0 106.9 Durable | | 34.37 | 111.9 111.3 111.1 110.3 110.7 110.6 110.6 109.8 109.3 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.88 | 112.7 112.8 113.3 112.9 113.4 113.5 113.8 113.0 113.7 Manufacturing<1> | | 73.58 | 115.2 114.8 115.4 115.0 115.2 115.3 115.6 115.0 115.5 Durable | | 33.56 | 127.0 126.8 127.3 127.4 128.0 128.0 128.3 128.0 128.8 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 90.57 | 107.9 107.9 108.3 107.8 108.1 108.2 108.5 107.6 108.1 Manufacturing<1> | | 69.27 | 109.2 108.7 109.2 108.6 108.6 108.7 108.9 108.2 108.5 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 11.68 | 126.8 126.5 126.2 127.1 128.3 127.9 127.5 127.0 127.1 Primary and semifinished processors | | 17.62 | 109.4 108.8 109.6 108.7 109.2 109.1 109.1 108.5 108.5 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 60.9 43.3 52.6 57.4 49.0 52.9 56.1 48.4 44.6 42.0 42.3 59.0 2007 42.9 56.4 58.3 62.2 49.7 57.4 55.6 45.5 53.8 44.6 57.1 52.9 2008 48.4 45.5 Three Months Earlier 2006 58.3 50.6 56.4 51.9 55.1 51.3 52.6 52.6 49.4 41.7 37.5 45.2 2007 46.2 52.9 51.0 62.5 59.6 61.9 59.6 56.7 55.8 43.6 51.9 52.9 2008 50.3 42.0 Six Months Earlier 2006 56.4 54.2 58.0 57.7 52.9 52.2 49.0 53.8 49.0 44.2 44.9 47.1 2007 38.8 43.6 45.5 57.4 58.7 56.4 65.4 57.7 61.2 51.6 53.2 55.8 2008 46.8 44.9 ------------------------------------------------------------------------------------------------------- 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- 1994- 2001-| | | | 2007 | 2007 95 02| 2007 2008 | 2007 2008 Item | NAICS | proportion| ave. high low| Q3 Q4[r] Q1[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.1 73.6 | 81.3 81.0 80.6 | 80.8 81.1 81.0 81.0 80.3 80.5 | | | | | Manufacturing<1> | | 80.83 | 79.7 84.6 71.5 | 79.8 79.3 78.8 | 79.2 79.3 79.2 79.2 78.6 78.5 Manufacturing (NAICS) | 31-33 | 77.04 | 79.5 84.7 71.0 | 79.8 79.3 78.8 | 79.2 79.3 79.2 79.2 78.7 78.6 | | | | | Durable manufacturing | | 41.25 | 78.0 84.2 68.1 | 78.4 77.8 77.1 | 77.7 77.9 77.7 77.5 77.0 76.7 Wood products | 321 | 1.36 | 79.9 87.9 70.7 | 73.6 70.1 66.9 | 71.3 69.6 69.6 68.1 66.0 66.7 Nonmetallic mineral products | 327 | 2.35 | 79.4 84.0 74.9 | 79.6 78.2 76.2 | 78.7 79.1 76.7 76.6 75.6 76.6 Primary metal | 331 | 2.64 | 80.9 95.8 68.5 | 84.0 83.9 85.9 | 83.1 83.6 85.0 86.6 86.7 84.3 Fabricated metal products | 332 | 5.64 | 77.5 85.5 69.5 | 81.3 81.3 81.3 | 81.1 81.5 81.1 81.3 81.1 81.5 Machinery | 333 | 5.15 | 78.7 87.6 63.7 | 78.8 77.3 76.3 | 78.0 77.3 76.6 76.7 76.2 76.0 Computer and electronic products | 334 | 7.82 | 78.3 83.7 58.2 | 77.0 77.4 77.4 | 77.1 77.6 77.6 76.8 77.3 78.1 Electrical equip., appliances, | | | | | and components | 335 | 1.87 | 83.2 93.1 72.0 | 84.3 83.4 83.6 | 82.9 83.4 84.0 83.9 83.2 83.9 Motor vehicles and parts | 3361-3 | 5.82 | 77.4 89.0 69.7 | 74.6 72.4 69.7 | 71.9 72.6 72.7 71.5 70.7 66.8 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 3.69 | 72.7 68.8 62.8 | 79.3 80.4 80.5 | 79.9 80.9 80.4 81.0 80.2 80.3 Furniture and related products | 337 | 1.53 | 78.6 83.2 68.2 | 78.0 76.6 74.1 | 77.1 76.9 75.8 75.0 73.5 73.9 Miscellaneous | 339 | 3.38 | 76.6 81.2 70.5 | 75.6 74.7 74.5 | 74.9 74.4 74.9 75.2 73.7 74.6 | | | | | Nondurable manufacturing | | 35.78 | 81.6 85.4 74.8 | 81.4 81.0 80.8 | 81.0 80.9 81.0 81.1 80.6 80.7 Food, beverage, and tobacco products | 311,2 | 10.68 | 81.5 84.0 75.7 | 82.1 81.1 81.0 | 81.5 81.0 80.9 80.8 80.5 81.7 Textile and product mills | 313,4 | 1.08 | 82.0 91.8 68.9 | 69.9 68.9 67.5 | 68.9 68.6 69.2 67.5 67.4 67.7 Apparel and leather | 315,6 | .66 | 78.4 87.5 60.2 | 72.8 73.0 73.2 | 72.3 72.4 74.3 73.7 73.2 72.8 Paper | 322 | 2.50 | 87.6 92.4 78.5 | 82.5 82.6 81.7 | 81.3 82.4 84.1 83.0 80.4 81.7 Printing and support | 323 | 2.00 | 83.5 86.5 72.6 | 76.6 76.4 75.2 | 76.4 76.7 76.3 75.7 74.7 75.2 Petroleum and coal products | 324 | 4.21 | 85.9 90.5 83.8 | 88.7 88.9 90.6 | 89.0 88.7 88.8 91.4 91.3 89.0 Chemical | 325 | 11.69 | 78.3 81.2 69.4 | 79.3 78.9 78.8 | 79.0 78.9 78.8 79.1 78.5 78.7 Plastics and rubber products | 326 | 2.98 | 83.6 91.8 74.6 | 84.6 84.6 82.3 | 84.6 85.0 84.1 82.9 82.8 81.3 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.79 | 84.5 83.0 80.3 | 80.2 79.2 78.1 | 79.4 79.0 79.1 78.5 77.7 78.2 | | | | | Mining | 21 | 9.90 | 87.5 88.7 84.8 | 89.0 90.2 90.2 | 88.7 90.6 91.2 89.9 90.1 90.8 Utilities | 2211,2 | 9.27 | 86.8 93.9 84.6 | 85.9 85.9 85.7 | 86.0 86.3 85.5 87.4 84.1 85.5 | | | | | Selected high-technology industries | | 4.93 | 78.1 85.6 55.9 | 79.5 79.9 79.3 | 79.9 79.9 79.9 78.8 79.1 80.0 Computers and peripheral equipment | 3341 | 1.13 | 77.9 86.3 66.8 | 78.0 78.3 78.5 | 78.1 78.5 78.4 78.3 78.4 78.7 Communications equipment | 3342 | 1.45 | 75.7 82.8 40.4 | 77.7 80.1 81.7 | 79.2 79.8 81.2 81.3 81.7 82.2 Semiconductors and related | | | | | electronic components | 334412-9 | 2.35 | 80.8 92.2 57.4 | 81.2 80.5 78.3 | 81.0 80.5 79.9 77.5 78.0 79.5 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 95.07 | 81.2 85.0 74.8 | 81.4 81.0 80.7 | 80.9 81.1 81.1 81.1 80.4 80.5 Manufacturing<1> | | 75.90 | 79.8 84.5 72.8 | 79.8 79.2 78.8 | 79.2 79.3 79.2 79.2 78.6 78.5 | | | | | Stage-of-process groups | | | | | Crude | | 13.93 | 86.6 89.5 81.9 | 88.3 89.3 89.3 | 87.9 89.7 90.3 89.2 89.0 89.8 Primary and semifinished | | 47.15 | 82.2 88.2 74.6 | 81.9 81.3 80.6 | 81.4 81.5 81.0 81.4 80.2 80.1 Finished | | 38.92 | 77.7 80.4 69.9 | 78.0 77.6 77.4 | 77.6 77.5 77.6 77.6 77.2 77.4 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [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 | Mar. ----------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 3.0 2.0 2.2 3.0 | .8 1.3 1.8 1.5 | 1.8 2.0 1.9 1.8 | .1 | | | | Manufacturing<1> | 3.2 2.2 2.5 3.4 | 1.4 1.4 2.0 1.7 | 1.9 2.1 2.2 2.0 | .2 | | | | Mining | .8 .0 -.8 -.4 | -1.1 1.4 1.7 .7 | 2.0 1.7 1.3 .9 | .1 Utilities | 4.2 2.3 1.5 2.2 | .7 .8 1.2 2.2 | .9 1.5 2.1 2.3 | .2 | | | | | | | | Selected high-technology industries | 19.7 17.4 15.6 24.7 | 13.1 10.3 21.4 17.6 | 21.6 23.6 23.0 20.8 | 1.5 Manufacturing<1> ex. selected | | | | high-technology industries | 2.6 1.3 1.6 1.5 | .7 .8 .8 .8 | .7 .8 .9 .9 | .1 | | | | Stage-of-process groups | | | | Crude | 1.7 .3 -.4 .0 | -.8 .9 1.4 .5 | 1.6 1.4 1.0 .7 | .0 Primary and semifinished | 3.0 1.4 2.4 3.5 | .8 1.2 2.1 1.9 | 2.1 2.4 2.4 2.3 | .2 Finished | 3.8 3.4 2.6 3.2 | 2.3 1.8 1.7 1.8 | 1.6 1.8 1.9 1.9 | .2 ----------------------------------------------------------------------------------------------------------------------------------------------------- <1> Refer to note on cover page. Table 9 Gross Value of Final Products and Nonindustrial Supplies Billions of 2000 dollars at annual rate, seasonally adjusted ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | 2007 2008 | 2007 2008 Item | 2000 | 2007 | Q3 Q4[r] Q1[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,813.4 | 3,034.8 | 3,053.1 3,039.6 3,042.2 | 3,032.8 3,041.0 3,045.0 3,064.6 3,034.4 3,027.6 | | | | Final products | 2,114.3 | 2,311.5 | 2,328.7 2,316.9 2,323.6 | 2,310.9 2,317.7 2,322.0 2,340.0 2,320.0 2,310.9 | | | | Consumer goods | 1,476.4 | 1,606.2 | 1,617.6 1,605.4 1,607.2 | 1,603.7 1,606.4 1,606.1 1,622.6 1,605.2 1,593.8 Durable | 471.7 | 495.0 | 503.2 492.3 477.8 | 490.3 492.7 494.0 486.4 480.3 466.8 Automotive products | 278.6 | 299.2 | 306.3 299.0 288.5 | 296.1 298.9 301.9 296.1 291.8 277.5 Other durable goods | 193.0 | 195.8 | 196.9 193.4 189.4 | 194.3 193.8 192.2 190.4 188.5 189.3 Nondurable | 1,004.8 | 1,105.3 | 1,109.5 1,106.4 1,118.4 | 1,106.3 1,107.1 1,105.9 1,126.3 1,114.9 1,114.0 | | | | Equipment, total | 637.9 | 715.4 | 721.3 723.0 729.0 | 717.9 722.7 728.3 728.5 727.2 731.3 Business and defense | 621.5 | 698.4 | 704.5 707.0 713.1 | 702.7 706.6 711.7 712.4 711.7 715.2 Business | 561.2 | 622.5 | 627.9 629.2 635.0 | 625.7 628.2 633.8 633.8 634.0 637.3 Defense and space | 60.3 | 77.1 | 77.8 78.8 79.2 | 78.0 79.2 79.0 79.5 78.8 79.1 | | | | Nonindustrial supplies | 699.1 | 724.6 | 726.0 724.1 720.3 | 723.2 724.7 724.5 726.4 716.3 718.4 Construction supplies | 196.8 | 200.3 | 201.9 198.2 195.1 | 198.9 197.3 198.4 197.4 194.1 193.6 Business supplies | 502.3 | 524.3 | 524.1 526.0 525.3 | 524.4 527.4 526.1 529.0 522.1 524.7 Commercial energy products | 135.7 | 155.1 | 154.2 155.6 157.2 | 155.1 156.9 154.8 159.2 156.0 156.5 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [r] Revised. [p] Preliminary. Table 10 Gross-Value-Weighted Industrial Production: Stage-of-Process Groups Percent change, seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Fourth quarter to | | | | | fourth quarter | Annual rate | Monthly rate | | |------------------------------|------------------------------|------------------------------------------------------------| Mar. '07 | 2007 | | 2007 2008 | 2007 2008 | to Item | gross value<1>| 2005 2006 2007 | Q3 Q4[r] Q1[p] | Oct.[r] Nov.[r] Dec.[r] Jan.[r] Feb.[r] Mar.[p] | Mar. '08 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 1996.8 | 5.3 2.3 1.4 | 4.7 -1.9 -.3 | -.6 .1 .5 -.2 -.4 .1 | 1.5 Semifinished | 1719.3 | 4.8 -1.6 2.4 | 3.6 -1.1 -4.3 | -.1 -.3 -.6 .2 -1.2 .0 | -.1 Primary | 985.6 | -.7 -.6 2.0 | 3.4 -.4 3.8 | -.5 .5 .3 1.6 -1.2 -.5 | .8 Crude | 426.2 | -7.9 7.6 2.4 | 1.5 5.0 .1 | -.7 1.9 .7 -1.1 -.3 .8 | 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 -.7 -.6 .1 .1 -.3 .6 -.2 .2 .5 .5 .9 | 2.3 -2.4 1.7 4.6 | 1.0 1987 | -.3 1.3 .2 .6 .7 .5 .6 .7 .3 1.5 .5 .5 | 5.4 7.2 7.3 10.2 | 5.2 1988 | .0 .4 .3 .6 -.1 .2 .2 .5 -.3 .6 .2 .4 | 3.5 3.5 2.1 3.2 | 5.2 1989 | .2 -.5 .2 .0 -.7 .0 -.9 .9 -.3 -.1 .3 .7 | 1.5 -1.8 -2.5 1.8 | .9 | | | 1990 | -.5 .9 .5 -.1 .2 .3 -.1 .2 .2 -.7 -1.2 -.7 | 3.2 2.8 1.4 -6.0 | 1.0 1991 | -.5 -.7 -.5 .2 1.0 1.0 .0 .1 .8 -.2 -.2 -.3 | -7.5 2.6 5.5 .7 | -1.6 1992 | -.6 .7 .8 .7 .4 .0 .8 -.5 .2 .7 .4 .0 | -.3 7.3 2.9 3.9 | 2.8 1993 | .5 .3 .0 .3 -.4 .2 .3 .0 .4 .7 .4 .5 | 3.5 1.2 2.1 6.0 | 3.3 1994 | .4 .0 1.1 .5 .6 .7 .2 .5 .2 .8 .7 1.1 | 5.2 7.4 5.2 8.2 | 5.3 | | | 1995 | .3 .0 .1 -.1 .2 .3 -.4 1.3 .4 -.2 .3 .5 | 5.3 .9 3.8 3.3 | 4.8 1996 | -.6 1.7 -.2 .7 .6 .9 -.1 .6 .5 .0 .9 .7 | 3.5 7.7 5.1 5.6 | 4.4 1997 | .1 1.2 .8 .0 .6 .5 .6 1.4 .9 .7 .9 .4 | 8.0 6.3 9.7 10.7 | 7.3 1998 | .4 .0 .0 .5 .6 -.5 -.4 2.1 -.3 .7 -.1 .3 | 4.1 3.1 2.9 5.2 | 5.9 1999 | .5 .4 .2 .2 .7 -.2 .6 .5 -.4 1.3 .6 .8 | 4.3 3.8 4.0 8.0 | 4.3 | | | 2000 | .1 .4 .4 .6 .2 .1 -.2 -.2 .4 -.4 .0 -.3 | 4.9 5.0 -.3 -1.3 | 4.2 2001 | -.7 -.6 -.3 -.3 -.7 -.6 -.5 -.4 -.4 -.6 -.5 .0 | -5.5 -5.2 -5.9 -5.2 | -3.4 2002 | .5 .1 .7 .4 .5 1.0 -.3 .1 .0 -.3 .4 -.5 | 2.3 6.3 2.3 -.5 | -.1 2003 | .6 .4 -.2 -.8 .0 .2 .4 -.1 .5 .1 .8 -.1 | 2.7 -2.9 2.8 3.7 | 1.2 2004 | .3 .5 -.5 .5 .7 -.8 .7 .3 -.1 1.0 .3 .6 | 2.6 2.0 2.0 5.8 | 2.5 | | | 2005 | .5 .6 .0 -.1 .3 .4 .0 .2 -1.8 1.2 1.1 .5 | 5.4 1.9 -.4 3.7 | 3.3 2006 | .1 -.1 .2 .4 -.1 .5 .3 .1 -.4 -.1 -.2 .6 | 3.2 2.6 1.9 -.9 | 2.2 2007 | -.4 .7 -.1 .5 .0 .3 .6 .0 .3 -.4 .4 .1 | 1.5 3.2 3.6 .4 | 1.7 2008 | .1 -.7 .3 | -.1 | | | | IP | | | (2002=100) | | | 2006 | 108.8 108.7 109.0 109.4 109.3 109.9 110.1 110.2 109.8 109.7 109.5 110.2 | 108.9 109.5 110.1 109.8 | 109.6 2007 | 109.8 110.5 110.4 111.0 111.0 111.4 112.0 112.0 112.3 111.8 112.3 112.4 | 110.2 111.1 112.1 112.2 | 111.4 2008 | 112.6 111.8 112.1 | 112.2 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2006 | 134.6 134.7 134.9 135.0 135.2 135.3 135.4 135.6 135.7 135.9 136.0 136.2 | 134.7 135.2 135.6 136.1 | 135.4 2007 | 136.4 136.6 136.8 137.0 137.2 137.4 137.6 137.9 138.1 138.3 138.5 138.7 | 136.6 137.2 137.9 138.5 | 137.5 2008 | 139.0 139.1 139.3 | 139.1 | | | | Utilization | | | (percent) | | | 1986 | 79.7 79.0 78.4 78.4 78.4 78.1 78.5 78.3 78.3 78.6 78.8 79.4 | 79.0 78.3 78.4 78.9 | 78.7 1987 | 79.0 79.9 79.9 80.2 80.6 80.8 81.2 81.6 81.7 82.8 83.1 83.4 | 79.6 80.5 81.5 83.1 | 81.2 1988 | 83.3 83.5 83.7 84.1 83.9 84.1 84.2 84.5 84.2 84.6 84.6 84.9 | 83.5 84.0 84.3 84.7 | 84.1 1989 | 85.0 84.5 84.6 84.4 83.7 83.6 82.6 83.2 82.8 82.6 82.6 83.1 | 84.7 83.9 82.9 82.8 | 83.6 | | | 1990 | 82.5 83.0 83.2 82.9 82.9 83.0 82.7 82.8 82.8 82.1 80.9 80.3 | 82.9 83.0 82.8 81.1 | 82.4 1991 | 79.8 79.1 78.6 78.6 79.3 80.0 79.9 79.9 80.5 80.2 80.0 79.6 | 79.2 79.3 80.1 79.9 | 79.6 1992 | 79.0 79.5 80.0 80.4 80.5 80.4 80.9 80.3 80.4 80.8 80.9 80.8 | 79.5 80.5 80.5 80.9 | 80.3 1993 | 81.1 81.2 81.1 81.3 80.9 81.1 81.2 81.1 81.4 81.8 82.0 82.3 | 81.2 81.1 81.2 82.1 | 81.4 1994 | 82.5 82.3 83.0 83.2 83.4 83.7 83.7 83.8 83.7 84.2 84.4 85.1 | 82.6 83.4 83.7 84.5 | 83.6 | | | 1995 | 85.0 84.7 84.5 84.1 84.0 83.9 83.3 84.1 84.1 83.6 83.5 83.5 | 84.7 84.0 83.8 83.5 | 84.0 1996 | 82.6 83.6 83.1 83.3 83.4 83.7 83.2 83.4 83.4 83.0 83.4 83.5 | 83.1 83.5 83.3 83.3 | 83.3 1997 | 83.2 83.8 84.0 83.6 83.7 83.6 83.6 84.2 84.5 84.6 84.8 84.6 | 83.7 83.6 84.1 84.7 | 84.0 1998 | 84.4 83.9 83.4 83.3 83.3 82.4 81.6 82.9 82.3 82.5 82.0 82.0 | 83.9 83.0 82.3 82.2 | 82.8 1999 | 82.0 82.0 81.8 81.7 82.0 81.6 81.8 81.9 81.3 82.0 82.2 82.6 | 82.0 81.8 81.6 82.3 | 81.9 | | | 2000 | 82.4 82.4 82.4 82.6 82.5 82.4 81.9 81.5 81.6 81.0 80.7 80.2 | 82.4 82.5 81.6 80.6 | 81.8 2001 | 79.4 78.7 78.2 77.8 77.1 76.4 75.9 75.4 74.9 74.3 73.8 73.6 | 78.8 77.1 75.4 73.9 | 76.3 2002 | 73.8 73.8 74.2 74.4 74.7 75.4 75.1 75.2 75.2 75.0 75.4 75.1 | 73.9 74.8 75.2 75.2 | 74.8 2003 | 75.6 75.9 75.9 75.3 75.4 75.6 75.9 75.9 76.3 76.4 77.0 77.0 | 75.8 75.4 76.1 76.8 | 76.0 2004 | 77.2 77.6 77.1 77.5 78.0 77.4 77.9 78.1 78.0 78.7 79.0 79.4 | 77.3 77.6 78.0 79.1 | 78.0 | | | 2005 | 79.8 80.2 80.1 80.0 80.2 80.5 80.4 80.5 79.0 79.8 80.6 80.9 | 80.0 80.3 80.0 80.4 | 80.2 2006 | 80.9 80.7 80.8 81.1 80.9 81.2 81.3 81.3 80.9 80.8 80.5 80.9 | 80.8 81.0 81.2 80.7 | 80.9 2007 | 80.5 80.9 80.7 81.0 80.9 81.0 81.4 81.2 81.3 80.8 81.1 81.0 | 80.7 81.0 81.3 81.0 | 81.0 2008 | 81.0 80.3 80.5 | 80.6 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 12 Historical Statistics for Industrial Production, Capacity, and Utilization: Manufacturing <1> Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <2> | | | 1986 | 1.1 -.6 -.3 .4 .1 -.3 .6 .2 .2 .4 .5 .9 | 4.4 -.1 2.6 5.0 | 2.2 1987 | -.3 1.4 .1 .5 .8 .4 .7 .5 .6 1.6 .6 .6 | 6.0 6.9 7.1 11.7 | 5.7 1988 | -.2 .2 .3 .9 -.1 .1 .1 .1 .3 .6 .3 .4 | 2.5 4.5 1.4 4.9 | 5.4 1989 | .7 -1.0 -.1 .1 -.8 .1 -1.1 .9 -.2 -.2 .2 .2 | 1.7 -3.2 -3.0 .6 | .8 | | | 1990 | -.1 1.4 .4 -.3 .1 .2 -.2 .3 .0 -.8 -1.1 -.7 | 4.7 2.6 .7 -6.6 | .8 1991 | -.8 -.6 -.7 .3 .7 1.1 .2 .3 1.0 -.2 -.3 -.1 | -8.8 2.1 7.1 1.4 | -2.0 1992 | -.6 .9 1.0 .6 .6 .3 .8 -.5 .1 .6 .4 -.2 | .7 8.3 3.9 2.7 | 3.6 1993 | 1.0 .2 -.1 .6 -.1 -.1 .3 -.1 .6 .8 .4 .5 | 4.3 1.8 1.3 6.7 | 3.5 1994 | .2 .1 1.3 .8 .7 .3 .5 .7 .3 1.0 .8 1.2 | 5.0 9.4 6.1 9.9 | 5.9 | | | 1995 | .3 -.1 .2 -.2 .0 .4 -.6 1.2 .8 -.2 .1 .5 | 5.6 .3 3.1 4.1 | 5.2 1996 | -.7 1.7 -.3 1.0 .6 1.1 .3 .6 .6 -.1 .8 .9 | 2.8 8.7 7.5 5.9 | 4.8 1997 | .1 1.4 1.2 -.2 .9 .7 .5 1.7 .9 .7 1.1 .5 | 9.6 7.5 10.9 11.6 | 8.5 1998 | .7 .0 -.2 .7 .5 -.7 -.5 2.5 -.3 .9 .2 .5 | 5.7 2.6 3.1 7.5 | 6.7 1999 | .3 .7 -.1 .4 .9 -.3 .5 .7 -.4 1.6 .8 .7 | 4.8 4.2 3.7 9.6 | 5.0 | | | 2000 | .2 .3 .7 .6 -.1 .2 .0 -.5 .4 -.4 -.3 -.6 | 5.4 4.8 -.4 -2.9 | 4.5 2001 | -.6 -.6 -.3 -.2 -.7 -.7 -.4 -.7 -.4 -.7 -.3 .2 | -6.3 -5.4 -6.4 -5.1 | -4.1 2002 | .4 .1 .7 .1 .7 1.1 -.4 .3 .0 -.5 .4 -.5 | 2.8 5.7 3.1 -1.1 | -.1 2003 | .5 .2 .3 -1.0 .1 .6 .2 -.3 .7 .1 1.0 -.2 | 2.0 -1.9 2.6 4.1 | 1.3 2004 | .0 .6 -.1 .5 .7 -.7 .8 .7 -.2 1.0 .1 .5 | 2.1 3.3 3.9 5.4 | 2.9 | | | 2005 | .7 .7 -.3 .0 .6 .2 .0 .3 -1.0 1.5 .8 -.1 | 5.8 2.2 1.0 6.0 | 4.0 2006 | .7 -.4 .0 .5 -.3 .4 .1 .3 -.2 -.5 -.1 1.0 | 2.7 1.4 1.6 -1.1 | 2.4 2007 | -.6 .1 .7 .4 .2 .5 .8 -.4 .4 -.4 .2 .1 | 1.1 4.7 4.0 -.6 | 1.7 2008 | .1 -.5 .1 | -.5 | | | | IP | | | (2002 = 100) | | | 2006 | 110.9 110.5 110.5 111.1 110.8 111.2 111.3 111.7 111.5 110.9 110.8 111.8 | 110.6 111.0 111.5 111.2 | 111.1 2007 | 111.1 111.3 112.0 112.4 112.6 113.2 114.1 113.6 114.0 113.5 113.7 113.8 | 111.5 112.8 113.9 113.7 | 112.9 2008 | 113.9 113.3 113.4 | 113.5 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2006 | 139.1 139.3 139.4 139.6 139.7 139.9 140.0 140.2 140.3 140.5 140.7 140.8 | 139.3 139.7 140.2 140.7 | 140.0 2007 | 141.0 141.2 141.4 141.7 141.9 142.1 142.4 142.7 142.9 143.2 143.4 143.7 | 141.2 141.9 142.7 143.4 | 142.3 2008 | 143.9 144.1 144.4 | 144.1 | | | | Utilization | | | (percent) | | | 1986 | 78.8 78.2 77.9 78.2 78.2 77.9 78.2 78.3 78.4 78.5 78.8 79.3 | 78.3 78.1 78.3 78.9 | 78.4 1987 | 78.9 79.9 79.7 80.0 80.4 80.5 80.8 81.1 81.4 82.5 82.9 83.3 | 79.5 80.3 81.1 82.9 | 80.9 1988 | 83.0 83.1 83.3 83.9 83.8 83.8 83.9 83.9 84.1 84.5 84.7 84.9 | 83.1 83.8 84.0 84.7 | 83.9 1989 | 85.4 84.5 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 | 81.6 82.5 82.6 82.3 82.2 82.2 81.9 81.9 81.8 81.0 79.9 79.2 | 82.2 82.2 81.9 80.0 | 81.6 1991 | 78.4 77.8 77.1 77.3 77.7 78.5 78.5 78.6 79.3 79.1 78.7 78.6 | 77.8 77.8 78.8 78.8 | 78.3 1992 | 78.0 78.5 79.1 79.4 79.7 79.8 80.2 79.7 79.5 79.8 79.9 79.6 | 78.5 79.6 79.8 79.8 | 79.4 1993 | 80.3 80.3 80.0 80.4 80.2 80.0 80.1 79.9 80.3 80.8 81.0 81.2 | 80.2 80.2 80.1 81.0 | 80.4 1994 | 81.2 81.1 82.0 82.4 82.7 82.7 82.8 83.1 83.1 83.6 83.9 84.6 | 81.4 82.6 83.0 84.0 | 82.8 | | | 1995 | 84.5 84.1 83.9 83.5 83.2 83.1 82.3 82.9 83.2 82.7 82.4 82.4 | 84.2 83.3 82.8 82.5 | 83.2 1996 | 81.4 82.3 81.6 82.0 82.0 82.5 82.3 82.3 82.4 81.9 82.2 82.4 | 81.8 82.2 82.3 82.2 | 82.1 1997 | 82.0 82.7 83.2 82.5 82.7 82.8 82.6 83.4 83.6 83.5 83.9 83.7 | 82.7 82.7 83.2 83.7 | 83.1 1998 | 83.7 83.1 82.4 82.3 82.2 81.1 80.2 81.7 81.0 81.3 81.0 81.1 | 83.1 81.9 81.0 81.1 | 81.8 1999 | 80.9 81.1 80.7 80.6 81.0 80.4 80.4 80.6 80.0 80.9 81.1 81.3 | 80.9 80.7 80.3 81.1 | 80.7 | | | 2000 | 81.1 81.0 81.2 81.3 80.9 80.8 80.4 79.7 79.7 79.1 78.5 77.8 | 81.1 81.0 79.9 78.5 | 80.1 2001 | 77.0 76.4 75.9 75.5 74.7 74.0 73.6 72.9 72.5 71.9 71.5 71.6 | 76.4 74.7 73.0 71.7 | 73.9 2002 | 71.8 71.8 72.2 72.2 72.7 73.5 73.1 73.4 73.4 73.1 73.4 73.0 | 71.9 72.8 73.3 73.2 | 72.8 2003 | 73.4 73.6 73.8 73.2 73.3 73.8 73.9 73.8 74.3 74.4 75.1 75.0 | 73.6 73.4 74.0 74.8 | 74.0 2004 | 75.0 75.5 75.4 75.8 76.3 75.7 76.3 76.8 76.6 77.3 77.4 77.7 | 75.3 75.9 76.6 77.5 | 76.3 | | | 2005 | 78.1 78.6 78.3 78.3 78.6 78.7 78.6 78.7 77.8 78.9 79.4 79.3 | 78.4 78.5 78.4 79.2 | 78.6 2006 | 79.7 79.3 79.2 79.6 79.3 79.5 79.5 79.7 79.4 78.9 78.7 79.4 | 79.4 79.4 79.5 79.0 | 79.4 2007 | 78.8 78.8 79.2 79.4 79.4 79.6 80.1 79.6 79.8 79.2 79.3 79.2 | 78.9 79.5 79.8 79.3 | 79.4 2008 | 79.2 78.6 78.5 | 78.8 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 .1 .1 -.2 .4 -.3 .1 .4 .4 .8 | 2.3 -2.6 .6 4.0 | .9 1987 | -.5 1.2 .2 .5 .6 .4 .5 .6 .2 1.4 .5 .4 | 4.4 6.4 6.0 9.2 | 4.3 1988 | .0 .4 .2 .5 -.2 .2 .1 .5 -.4 .5 .2 .4 | 3.0 2.8 1.4 2.9 | 4.4 1989 | .3 -.5 .3 -.1 -.7 .0 -1.1 .9 -.3 -.2 .2 .7 | 1.8 -2.0 -3.3 1.0 | .6 | | | 1990 | -.7 .9 .4 -.2 .1 .2 -.2 .2 .1 -.8 -1.3 -.7 | 2.4 2.2 1.0 -6.6 | .3 1991 | -.5 -.8 -.6 .2 .9 1.0 .0 .1 .9 -.2 -.2 -.5 | -8.0 2.1 5.4 .3 | -2.0 1992 | -.8 .7 .8 .6 .3 -.1 .8 -.6 .1 .6 .3 .0 | -1.8 6.2 1.7 2.8 | 1.9 1993 | .5 .3 -.1 .3 -.4 .2 .3 -.1 .3 .6 .3 .5 | 3.0 .5 1.5 5.1 | 2.5 1994 | .4 -.1 .9 .3 .4 .6 .1 .3 .0 .6 .4 .9 | 4.3 5.5 3.3 5.5 | 4.0 | | | 1995 | .2 -.2 -.2 -.3 .1 .1 -.5 1.1 .1 -.5 .1 .2 | 3.1 -1.4 1.4 .3 | 2.5 1996 | -1.0 1.4 -.4 .7 .5 .7 -.5 .4 .4 -.3 .8 .5 | -.2 6.1 2.2 3.3 | 1.7 1997 | -.1 .9 .5 -.4 .3 .2 .3 1.0 .7 .7 .7 .2 | 5.0 2.2 6.0 8.2 | 4.2 1998 | .2 -.1 -.1 .3 .5 -.9 -.8 2.0 -.6 .5 -.3 .0 | 1.6 1.0 -.4 2.1 | 3.1 1999 | .2 .1 -.1 -.1 .6 -.5 .3 .4 -.5 1.2 .3 .6 | .8 .4 1.0 5.6 | 1.2 | | | 2000 | -.3 .0 .1 .4 -.1 .0 -.5 -.4 .4 -.5 -.2 -.5 | .7 1.7 -2.8 -2.8 | 1.1 2001 | -.7 -.5 -.3 -.1 -.6 -.5 -.3 -.3 -.5 -.6 -.5 -.1 | -6.2 -4.3 -4.6 -5.3 | -4.0 2002 | .7 .0 .7 .3 .4 .9 -.3 .0 .0 -.3 .3 -.6 | 2.7 5.8 1.6 -1.1 | .0 2003 | .6 .2 -.3 -1.0 -.1 .1 .3 -.1 .5 .0 .7 -.1 | 1.3 -4.4 1.6 3.0 | .2 2004 | .2 .5 -.6 .6 .7 -.9 .7 .2 -.2 1.0 .3 .6 | 1.7 2.1 1.8 5.4 | 1.8 | | | 2005 | .4 .5 -.1 -.1 .3 .4 -.2 .0 -2.1 1.1 1.0 .5 | 4.8 1.3 -1.8 2.2 | 2.7 2006 | .0 -.2 .2 .3 -.2 .4 .2 .0 -.5 -.1 -.2 .6 | 2.6 1.7 1.1 -1.7 | 1.3 2007 | -.4 .7 -.2 .4 -.1 .2 .4 -.1 .2 -.6 .4 .1 | 1.4 2.2 2.2 -.9 | .9 2008 | .1 -.9 .2 | -.8 | | | | IP | | | (2002 = 100) | | | 2006 | 105.8 105.6 105.8 106.2 106.0 106.4 106.6 106.6 106.1 106.0 105.7 106.3 | 105.7 106.2 106.5 106.0 | 106.1 2007 | 106.0 106.7 106.5 106.9 106.9 107.1 107.5 107.4 107.6 107.0 107.4 107.5 | 106.4 107.0 107.5 107.3 | 107.0 2008 | 107.6 106.7 106.9 | 107.1 | | | | Capacity | | | (percent of | | | 2002 output) | | | 2006 | 130.3 130.4 130.5 130.6 130.7 130.8 130.9 131.0 131.1 131.2 131.3 131.4 | 130.4 130.7 131.0 131.3 | 130.9 2007 | 131.5 131.5 131.6 131.7 131.8 131.9 132.0 132.1 132.2 132.3 132.4 132.5 | 131.5 131.8 132.1 132.4 | 132.0 2008 | 132.7 132.8 132.8 | 132.7 | | | | 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 84.7 84.4 84.7 84.9 85.2 | 83.8 84.3 84.5 84.9 | 84.4 1989 | 85.3 84.8 85.0 84.8 84.1 84.0 83.0 83.6 83.2 82.9 82.9 83.4 | 85.1 84.3 83.2 83.1 | 83.9 | | | 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 79.4 80.1 80.0 80.0 80.6 80.3 80.1 79.6 | 79.3 79.5 80.2 80.0 | 79.8 1992 | 78.9 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 81.5 81.1 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 83.3 83.5 83.9 83.8 83.9 83.8 84.2 84.4 85.0 | 82.7 83.5 83.8 84.5 | 83.7 | | | 1995 | 85.0 84.7 84.4 84.1 83.9 83.9 83.3 84.1 84.0 83.4 83.3 83.3 | 84.7 84.0 83.8 83.4 | 84.0 1996 | 82.3 83.3 82.8 83.3 83.5 83.9 83.4 83.5 83.6 83.2 83.6 83.8 | 82.8 83.6 83.5 83.6 | 83.4 1997 | 83.5 84.0 84.2 83.6 83.6 83.5 83.4 84.0 84.3 84.5 84.8 84.6 | 83.9 83.5 83.9 84.6 | 84.0 1998 | 84.5 84.1 83.7 83.7 83.9 82.9 82.0 83.4 82.6 82.8 82.3 82.2 | 84.1 83.5 82.7 82.4 | 83.2 1999 | 82.1 82.1 81.8 81.5 81.9 81.3 81.4 81.6 81.0 81.8 82.0 82.3 | 82.0 81.6 81.3 82.0 | 81.7 | | | 2000 | 81.9 81.8 81.8 82.0 81.8 81.7 81.2 80.8 81.0 80.4 80.2 79.7 | 81.8 81.8 81.0 80.1 | 81.2 2001 | 79.1 78.5 78.2 78.0 77.5 77.0 76.7 76.4 75.9 75.4 75.0 74.8 | 78.6 77.5 76.3 75.1 | 76.9 2002 | 75.3 75.2 75.7 76.0 76.3 76.9 76.7 76.7 76.8 76.6 76.9 76.5 | 75.4 76.4 76.7 76.7 | 76.3 2003 | 77.0 77.2 77.1 76.4 76.4 76.5 76.8 76.7 77.1 77.1 77.7 77.6 | 77.1 76.4 76.8 77.4 | 77.0 2004 | 77.7 78.1 77.6 78.0 78.6 77.9 78.5 78.6 78.5 79.3 79.6 80.1 | 77.8 78.2 78.6 79.7 | 78.5 | | | 2005 | 80.4 80.8 80.8 80.6 80.9 81.2 81.0 81.0 79.3 80.1 80.9 81.2 | 80.6 80.9 80.4 80.7 | 80.7 2006 | 81.2 81.0 81.1 81.3 81.0 81.3 81.4 81.4 80.9 80.8 80.5 80.9 | 81.1 81.2 81.2 80.7 | 81.1 2007 | 80.6 81.1 80.9 81.2 81.1 81.2 81.4 81.3 81.4 80.9 81.1 81.1 | 80.9 81.1 81.4 81.0 | 81.1 2008 | 81.1 80.4 80.5 | 80.7 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 .4 .4 .8 | 4.7 -.2 1.3 4.3 | 2.1 1