FEDERAL RESERVE STATISTICAL RELEASE G.17 (419) For release at 9:15 a.m. (EDT) June 17, 2008 Industrial Production and Capacity Utilization Industrial production declined 0.2 percent in May after having fallen 0.7 percent in April. Manufacturing output was unchanged in May, the output of utilities shrank 1.8 percent, and the output at mines rose 0.1 percent. Factory output was boosted by a small pickup in the index for motor vehicles and parts. The end in late May of the strike at a parts producer had little effect on vehicle output for the month; the output of motor vehicles and parts remained about 10 percent below its February level. Excluding motor vehicles and parts, manufacturing production edged down 0.1 percent after having decreased 0.5 percent in April. At 110.9 percent of its 2002 average, overall industrial production was 0.1 percent below its year-earlier level. The rate of capacity utilization for total industry declined 0.2 percentage point, to 79.4 percent, a level 1.6 percentage points below its average for 1972-2007. Market Groups ------------- The production of consumer goods decreased 0.2 percent in May. The output of consumer durables rose 0.6 percent but was more than offset by a decline of 1.3 percent in consumer energy products; the production of consumer non-energy nondurables was unchanged. The increase for durable consumer goods reflected gains in both automotive products and home electronics. The indexes for appliances, furniture, and carpeting and for miscellaneous goods both fell. Among consumer non-energy nondurables, increased output of chemical products and miscellaneous nondurables offset declines elsewhere. The output of business equipment was unchanged in May. The index for transit equipment decreased 0.4 percent. Higher production of autos and light trucks was outweighed by lower production of medium and heavy trucks and truck trailers. Although the index for information processing equipment moved up further in May, the increase for this category was the smallest since January 2007. The output of industrial and other equipment was unchanged; decreases among many of the components in this category were offset by production increases for farm and construction machinery, which moved up slightly after having dropped substantially in April. The production of defense and space equipment fell 0.5 percent in May and has fallen more than 1 percent so far this year. Among nonindustrial supplies, the output of business supplies decreased 0.3 percent, and the output of construction supplies edged down 0.1 percent and has fallen for 10 consecutive months. Materials output declined 0.2 percent; durable and energy materials both posted losses, while the index for nondurable materials registered a modest gain. Within durables, the output of consumer parts fell 0.8 percent after having fallen about 2 percent in each of the previous two months; reductions in the output of motor vehicle parts have contributed in large measure to the weakness in this index in recent months. The production of equipment parts edged up, and the production of other durable materials moved down. Among nondurable materials, the indexes for both chemical and textile materials rose, while the index for paper materials decreased. The production of energy materials declined 0.7 percent. Industry Groups --------------- Manufacturing output was unchanged in May, and the factory operating rate moved down 0.2 percentage point, to 77.5 percent, a level 2.2 percentage points below its 1972-2007 average. The production indexes for both durable and nondurable manufacturing industries were also unchanged. In addition to the motor vehicles and parts industry, other durable manufacturing industries that registered increases included fabricated metal products; computer and electronic products; electrical equipment, appliances, and components; and miscellaneous manufacturing. Decreases were recorded in the indexes for wood products, nonmetallic mineral products, machinery, aerospace and miscellaneous transportation equipment, and furniture; for furniture, it was the ninth consecutive monthly decrease. Among nondurable manufacturing industries, reductions occurred in the indexes for food, apparel and leather, paper, and petroleum and coal products. The production declines in these industries were offset by higher output for textile and product mills, chemicals, and plastics and rubber products. The production of non-NAICS manufacturing (logging and publishing) fell for a second consecutive month and has fallen 4.7 percent over the past 12 months. The output of utilities decreased 1.8 percent, and the operating rate in this industry moved down to 83.7 percent, a level 3.1 percentage points below its 1972-2007 average. Mining production increased 0.1 percent; higher output of coal and increased drilling activity boosted this index. The capacity utilization rate for mining was unchanged at 89.6 percent, a rate 2.1 percentage points above its long-run average. Capacity utilization at industries grouped by stage of process changed as follows: For the crude stage, utilization moved up 0.2 percentage point, to 89.0 percent, a rate 2.4 percentage points above its 1972-2007 average; for the primary and semifinished stages, utilization moved down 0.5 percentage point, to 79.3 percent, a rate 2.9 percentage points below its long-run average; and for the finished stage, utilization decreased 0.1 percentage point, to 75.9 percent, a rate 1.8 percentage points below 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 | May '07 to Industrial production | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] | May '08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | Total index | 112.4 112.5 111.8 111.9 111.1 110.9 | .1 .1 -.6 .1 -.7 -.2 | -.1 Previous estimates | 112.4 112.6 111.8 112.0 111.2 | .1 .1 -.7 .2 -.7 | | | | Major market groups | | | Final Products | 113.5 113.9 113.3 113.3 112.0 111.9 | .2 .4 -.6 .0 -1.1 -.1 | -.5 Consumer goods | 107.4 108.0 107.2 107.0 105.8 105.6 | .0 .5 -.7 -.2 -1.1 -.2 | -1.6 Business equipment | 131.2 131.5 131.3 132.2 130.0 130.0 | .7 .3 -.2 .7 -1.7 .0 | 2.2 Nonindustrial supplies | 107.6 107.7 106.3 106.8 106.0 105.8 | -.3 .1 -1.2 .4 -.7 -.2 | -1.9 Construction | 104.2 103.7 102.4 102.1 100.7 100.5 | -.3 -.5 -1.3 -.3 -1.4 -.1 | -5.6 Materials | 113.1 112.9 112.3 112.5 112.0 111.8 | .1 -.2 -.5 .2 -.4 -.2 | 1.0 | | | Major industry groups | | | Manufacturing (see note below) | 113.8 113.8 113.0 113.3 112.3 112.3 | .0 .0 -.7 .2 -.9 .0 | -.3 Previous estimates | 113.8 113.8 113.0 113.0 112.1 | .1 .0 -.7 .0 -.8 | Mining | 103.9 103.3 103.6 103.2 102.7 102.8 | 1.0 -.6 .3 -.3 -.6 .1 | 2.2 Utilities | 108.2 110.6 109.0 109.0 109.0 107.0 | -.7 2.1 -1.4 .0 .0 -1.8 | -.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | Capacity | Percent of capacity | growth | ------------------------------------------------------------------------------------------------------------------------------------------- | --------------- | Average 1988- 1990- 1994- 2001- | | | 1972- 89 91 95 02 2007 | 2007 2008 | May '07 to Capacity utilization | 2007 high low high low May[p] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] | May '08 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | | Total industry | 81.0 85.0 78.6 85.1 73.6 80.9 | 81.0 81.0 80.3 80.3 79.6 79.4 | 1.8 Previous estimates | | 81.0 81.0 80.3 80.4 79.7 | | | | Manufacturing (see note below) | 79.7 85.4 77.1 84.6 71.5 79.4 | 79.2 79.1 78.4 78.5 77.7 77.5 | 2.0 Previous estimates | | 79.2 79.1 78.4 78.3 77.5 | Mining | 87.5 86.3 83.6 88.7 84.8 88.7 | 91.2 90.4 90.5 90.1 89.6 89.6 | 1.1 Utilities | 86.8 92.7 84.1 93.9 84.6 86.0 | 85.5 87.5 85.8 85.6 85.4 83.7 | 2.1 | | | Stage-of-process groups | | | Crude | 86.6 88.3 84.4 89.5 81.9 88.3 | 90.3 89.4 89.4 89.4 88.8 89.0 | .9 Primary and semifinished | 82.2 86.4 77.8 88.2 74.6 81.7 | 81.0 81.4 80.3 80.2 79.8 79.3 | 2.3 Finished | 77.7 82.8 77.1 80.4 69.9 77.3 | 77.6 77.5 77.0 77.1 76.0 75.9 | 1.9 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ r Revised. p Preliminary. Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS. Table 1 Industrial Production: Market and Industry Group Summary Percent change, seasonally adjusted --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Fourth quarter to | | | | | | fourth quarter | Annual rate | Monthly rate | | | |------------------------------|------------------------------|------------------------------------------------------------| May '07 | | 2007 | | 2007 2008 | 2007 2008 | to Item | NAICS |Proportion<1>| 2005 2006 2007 | Q3 Q4[r] Q1[r] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] | May '08 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total IP | | 100.00 | 2.6 1.7 2.1 | 3.6 .3 -.3 | .1 .1 -.6 .1 -.7 -.2 | -.1 | | | | | | MARKET GROUP | | | | | | Final products and nonindustrial supplies | | 56.13 | 4.4 1.0 1.3 | 3.1 -1.6 -.1 | .0 .3 -.7 .1 -1.0 -.2 | -.9 Consumer goods | | 29.33 | 2.4 .2 1.1 | 2.6 -2.9 .1 | .0 .5 -.7 -.2 -1.1 -.2 | -1.6 Durable | | 6.68 | 1.5 -3.9 .9 | 1.7 -7.2 -10.7 | -.2 -1.5 -1.0 -2.1 -3.9 .6 | -8.5 Automotive products | | 3.23 | -1.9 -5.3 3.6 | 3.5 -8.2 -11.9 | .4 -1.9 -.7 -4.3 -7.5 1.5 | -12.1 Home electronics | | .31 | 11.0 11.5 14.2 | .9 33.1 6.3 | 1.5 -1.1 .6 -1.7 .8 .9 | 11.4 Appliances, furniture, carpeting | | 1.08 | 1.6 -6.1 -6.0 | -7.2 -12.9 -19.7 | -1.2 -2.7 -2.3 .2 -.4 -.3 | -11.7 Miscellaneous goods | | 2.06 | 5.6 -2.8 -1.5 | 3.8 -7.9 -6.6 | -.9 -.3 -1.0 .3 -.9 -.4 | -4.0 Nondurable | | 22.65 | 2.7 1.5 1.2 | 2.9 -1.5 3.4 | .0 1.1 -.6 .3 -.4 -.4 | .4 Non-energy | | 16.27 | 3.0 2.1 .9 | 2.8 -2.1 .4 | .3 .0 -.4 .9 -.5 .0 | .3 Foods and tobacco | | 8.99 | 3.9 .3 1.5 | 4.1 -4.6 -.7 | .1 -.2 -.7 1.8 -.9 .0 | -.2 Clothing | | .54 | -2.1 .3 -1.9 | -5.7 -3.5 -2.7 | 2.3 -1.0 -.8 -2.0 -1.2 -.9 | -6.7 Chemical products | | 4.71 | 3.1 7.7 .0 | 2.1 3.5 1.2 | .4 .2 .5 -.9 .8 .1 | 2.4 Paper products | | 1.56 | -.9 -2.4 1.1 | 1.2 -5.1 4.1 | .8 .6 -.7 1.6 -1.3 -.9 | -1.1 Energy | | 6.38 | 1.7 -.2 1.9 | 3.3 .2 11.8 | -.9 4.2 -1.1 -1.2 -.1 -1.3 | .7 | | | | | | Business equipment | | 9.38 | 10.3 7.8 2.8 | 7.7 1.8 3.9 | .7 .3 -.2 .7 -1.7 .0 | 2.2 Transit | | 1.71 | 15.9 9.1 -3.4 | 3.7 -4.2 -3.5 | .6 -.9 -.8 .0 -2.9 -.4 | -3.8 Information processing | | 2.72 | 14.6 12.8 8.9 | 12.9 13.3 12.6 | 1.3 .4 1.4 1.1 .6 .1 | 11.9 Industrial and other | | 4.95 | 5.9 4.4 1.7 | 6.1 -2.2 1.6 | .5 .5 -.8 .7 -2.5 .0 | -1.0 Defense and space equipment | | 1.73 | 6.9 -2.6 5.2 | 7.7 4.8 .7 | -.3 .7 -1.2 -.2 .1 -.5 | 2.4 | | | | | | Construction supplies | | 4.21 | 7.5 -3.5 -1.6 | 1.5 -8.3 -7.5 | -.3 -.5 -1.3 -.3 -1.4 -.1 | -5.6 Business supplies | | 10.64 | 2.6 -.3 1.1 | .7 .8 -1.3 | -.3 .3 -1.2 .7 -.5 -.3 | -.5 | | | | | | Materials | | 43.87 | .3 2.5 3.2 | 4.3 2.9 -.6 | .1 -.2 -.5 .2 -.4 -.2 | 1.0 Non-energy | | 29.30 | 2.4 1.3 3.5 | 4.7 .9 -2.3 | -.2 -.2 -.7 .3 -.4 .1 | .5 Durable | | 17.55 | 5.4 1.2 5.4 | 8.7 2.1 -.8 | -.5 .0 -.2 .0 -.4 -.1 | 2.1 Consumer parts | | 2.92 | .5 -5.8 -2.0 | -2.4 -10.6 -12.7 | -2.4 -.6 -1.1 -1.9 -1.8 -.8 | -10.5 Equipment parts | | 6.02 | 11.3 9.4 12.5 | 18.7 13.1 6.5 | .1 .5 .3 1.2 .6 .1 | 11.6 Other | | 8.62 | 2.9 -2.0 3.0 | 5.8 -.9 -1.8 | -.3 -.2 -.2 -.2 -.6 -.1 | -.2 Nondurable | | 11.75 | -2.2 1.6 .6 | -1.5 -.9 -4.5 | .2 -.6 -1.6 .6 -.4 .3 | -1.9 Textile | | .52 | .5 -12.2 -9.4 | -19.5 -8.8 -13.0 | -.7 -2.3 .1 -1.5 -1.8 .1 | -13.2 Paper | | 2.23 | -1.1 1.6 -1.3 | -1.9 2.9 -4.3 | 1.7 -1.6 -1.9 .7 -.7 -.6 | -2.5 Chemical | | 5.78 | -5.8 4.9 2.1 | -2.2 -1.1 -4.8 | -.2 -.2 -1.6 .1 .1 .8 | -1.6 Energy | | 14.58 | -4.0 5.2 2.7 | 3.4 7.1 2.8 | .8 .0 -.1 .0 -.4 -.7 | 2.0 | | | | | | | | | | | | INDUSTRY GROUP | | | | | | Manufacturing | | 78.70 | 3.7 1.1 2.3 | 4.0 -.6 -1.2 | .0 .0 -.7 .2 -.9 .0 | -.3 Manufacturing (NAICS) | 31-33 | 75.02 | 3.9 1.4 2.5 | 4.3 -.4 -1.0 | .0 .0 -.7 .2 -.8 .0 | -.1 | | | | | | Durable manufacturing | | 38.51 | 6.9 1.6 3.9 | 6.8 .3 -.9 | .0 .0 -.6 .0 -1.4 .0 | .2 Wood products | 321 | 1.19 | 11.6 -13.3 -6.8 | -6.3 -17.5 -13.6 | .0 -2.1 -.8 -.5 -1.1 -2.2 | -13.0 Nonmetallic mineral products | 327 | 2.25 | 5.3 -3.5 .7 | 8.3 -6.5 -9.7 | -3.4 .1 -1.7 1.8 -2.0 -.5 | -3.9 Primary metal | 331 | 2.70 | -1.1 -4.2 4.1 | 4.5 .0 9.9 | 1.7 2.1 -1.1 -1.2 -.5 .0 | 1.7 Fabricated metal products | 332 | 5.58 | 6.2 3.2 3.4 | 4.5 1.4 -.1 | -.5 .2 -.2 .0 -1.0 .3 | 1.0 Machinery | 333 | 4.89 | 8.3 2.5 -.7 | 2.3 -5.8 -1.8 | -.6 .4 -.8 1.2 -2.4 -1.5 | -5.1 Computer and electronic products | 334 | 6.85 | 15.1 12.2 13.9 | 20.1 20.6 11.1 | 1.0 -.1 1.6 1.4 1.1 .5 | 16.8 Electrical equip., appliances, | | | | | | and components | 335 | 1.93 | 1.8 -.5 3.7 | 1.3 -2.1 2.2 | 1.0 .0 -1.4 1.8 -.6 1.2 | 2.1 Motor vehicles and parts | 3361-3 | 5.12 | -.3 -5.9 -2.2 | 2.2 -13.1 -14.4 | -.3 -1.7 -.9 -4.9 -6.9 1.0 | -14.7 Aerospace and miscellaneous | | | | | | transportation equipment | 3364-9 | 3.50 | 11.5 4.5 10.9 | 11.5 6.7 .9 | -.4 .9 -1.3 .3 -.3 -.7 | 3.5 Furniture and related products | 337 | 1.43 | 1.6 -1.6 -1.7 | 3.9 -7.5 -15.8 | -1.2 -2.1 -1.7 -.6 -1.4 -.4 | -7.6 Miscellaneous | 339 | 3.09 | 6.6 2.7 1.5 | 2.8 -1.2 .6 | 1.0 .5 -2.3 1.8 -.6 1.1 | 1.6 | | | | | | Nondurable manufacturing | | 36.50 | .7 1.3 .9 | 1.6 -1.1 -1.2 | .1 .0 -.8 .4 -.2 .0 | -.5 Food, beverage, and tobacco products | 311,2 | 10.74 | 4.1 .3 2.1 | 4.3 -3.7 -.4 | .0 -.1 -.8 1.9 -.7 -.2 | .3 Textile and product mills | 313,4 | .93 | -.3 -11.7 -8.1 | -16.3 -8.9 -10.7 | .2 -2.4 -.2 -.3 -1.5 .2 | -10.6 Apparel and leather | 315,6 | .57 | -1.3 -.8 -2.0 | -5.6 -2.1 -2.8 | 2.4 -1.1 -.7 -1.8 -1.1 -.9 | -6.1 Paper | 322 | 2.54 | -.7 .3 -2.2 | -1.6 .3 -3.1 | 2.0 -1.4 -2.4 1.4 -.9 -.5 | -2.6 Printing and support | 323 | 1.87 | .5 1.9 -1.3 | -2.5 .3 -4.0 | -.4 -.6 -1.2 1.4 -.7 .0 | -1.6 Petroleum and coal products | 324 | 5.24 | -3.7 2.2 -.5 | 1.0 .2 7.9 | .4 2.9 -1.0 -1.1 .1 -.4 | -.1 Chemical | 325 | 11.57 | -1.2 5.0 1.4 | 1.7 .1 -2.1 | -.1 -.1 -.5 -.2 .4 .6 | .6 Plastics and rubber products | 326 | 3.04 | 2.6 -3.6 4.4 | 4.7 1.8 -8.1 | -.8 -1.4 .1 -1.2 -.4 .3 | -1.4 | | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.68 | -.5 -4.5 -1.4 | -1.9 -4.7 -4.0 | .1 -.6 -.9 .8 -1.4 -1.2 | -4.7 | | | | | | Mining | 21 | 11.62 | -4.9 8.2 .2 | 2.6 5.4 2.6 | 1.0 -.6 .3 -.3 -.6 .1 | 2.2 Utilities | 2211,2 | 9.68 | 2.0 -.7 3.1 | 1.4 2.2 3.5 | -.7 2.1 -1.4 .0 .0 -1.8 | -.6 Electric | 2211 | 7.98 | 3.5 -1.2 3.3 | 1.4 3.3 -1.2 | -1.3 2.5 -3.0 1.5 .4 -2.7 | -1.8 Natural gas | 2212 | 1.70 | -4.6 1.5 2.0 | 1.3 -3.3 29.0 | 1.7 .6 6.0 -6.5 -1.8 2.1 | 5.1 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [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 | | | |------------------------------|------------------------------|------------------------------------------------------------| May '07 | | 2007 | | 2007 2008 | 2007 2008 | to Item | NAICS | Proportion| 2005 2006 2007 | Q3 Q4[r] Q1[r] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] | May '08 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | | Total industry | | 100.00 | 2.6 1.7 2.1 | 3.6 .3 -.3 | .1 .1 -.6 .1 -.7 -.2 | -.1 | | | | | | Energy | | 24.66 | -1.8 3.7 2.3 | 2.6 4.7 5.0 | .2 1.3 -.6 -.3 -.2 -.8 | 1.5 Consumer products | | 6.38 | 1.7 -.2 1.9 | 3.3 .2 11.8 | -.9 4.2 -1.1 -1.2 -.1 -1.3 | .7 Commercial products | | 2.94 | .4 1.2 2.0 | -.8 3.9 2.9 | -1.5 2.9 -1.8 -.4 .1 -.5 | .4 Oil and gas well drilling | 213111 | .77 | 11.9 14.8 -.8 | -3.3 -.9 1.2 | 2.9 -2.8 -1.1 2.1 1.9 1.7 | 4.7 Converted fuel | | 4.15 | -2.6 2.5 5.3 | 6.7 6.4 .7 | .8 .7 -.9 .5 .2 -1.2 | 2.0 Primary energy | | 10.42 | -4.6 6.4 1.6 | 2.1 7.3 3.6 | .8 -.3 .3 -.2 -.7 -.4 | 1.9 | | | | | | Non-energy | | 75.34 | 3.9 1.1 2.1 | 3.9 -1.0 -2.0 | .1 -.3 -.7 .3 -.9 .0 | -.6 Selected high-technology industries | | 4.31 | 22.4 17.3 22.3 | 34.3 29.5 13.5 | 1.2 -.1 1.7 2.0 1.7 1.1 | 25.0 Computers and peripheral equipment | 3341 | .98 | 28.8 18.0 16.7 | 17.3 19.9 22.5 | 1.7 2.1 1.5 .9 .3 .7 | 16.6 Communications equipment | 3342 | 1.28 | 13.7 20.6 20.6 | 34.9 30.4 11.4 | 2.0 -.3 1.2 1.5 1.8 .9 | 23.7 Semiconductors and related | | | | | | electronic components | 334412-9 | 2.04 | 24.0 15.4 25.9 | 42.4 33.7 10.9 | .6 -.9 2.2 2.9 2.4 1.4 | 29.9 | | | | | | Excluding selected high-technology | | | | | | industries | | 71.03 | 2.7 .0 .8 | 2.1 -2.8 -2.9 | .0 -.3 -.8 .2 -1.1 .0 | -2.1 | | | | | | Motor vehicles and parts | 3361-3 | 5.12 | -.3 -5.9 -2.2 | 2.2 -13.1 -14.4 | -.3 -1.7 -.9 -4.9 -6.9 1.0 | -14.7 Motor vehicles | 3361 | 2.28 | -2.3 -7.0 -2.7 | 3.1 -17.6 -16.7 | .4 -2.0 -1.8 -6.4 -12.4 2.7 | -20.5 Motor vehicle parts | 3363 | 2.47 | -.6 -4.3 .5 | 4.6 -8.0 -10.8 | -1.3 -.6 -.5 -3.8 -2.6 .3 | -8.2 | | | | | | Excluding motor vehicles and parts | | 65.91 | 3.0 .6 1.1 | 2.0 -1.9 -2.0 | .0 -.2 -.8 .6 -.7 -.1 | -1.1 Consumer goods | | 19.88 | 3.1 1.0 .3 | 2.1 -3.0 -1.6 | .1 -.3 -.5 .8 -.6 -.1 | -.8 Business equipment | | 7.33 | 7.3 5.8 2.8 | 5.8 .0 3.0 | .5 .4 -.5 .9 -1.8 -.1 | .8 Construction supplies | | 4.17 | 7.5 -3.7 -1.9 | 1.0 -8.8 -7.8 | -.3 -.5 -1.3 -.3 -1.4 -.2 | -6.0 Business supplies | | 7.41 | 2.4 -1.6 -.1 | -.1 -1.5 -3.3 | .1 -.6 -1.1 1.0 -.8 -.2 | -1.8 Materials | | 25.38 | .6 .7 1.8 | 1.6 -.8 -2.6 | -.2 -.2 -1.0 .3 -.4 -.1 | -1.0 | | | | | | Measures excluding selected high-technology | | | | | | industries | | | | | | Total industry | | 95.69 | 1.6 .9 1.2 | 2.2 -1.0 -.9 | .0 .1 -.8 .0 -.9 -.2 | -1.2 Manufacturing<1> | | 74.39 | 2.5 .1 1.1 | 2.3 -2.3 -2.1 | .0 .0 -.8 .1 -1.0 -.1 | -1.8 Durable | | 34.37 | 4.7 -.5 1.5 | 3.3 -3.2 -2.8 | -.2 .0 -.9 -.2 -1.8 -.1 | -2.8 | | | | | | Measures excluding motor vehicles and parts | | | | | | Total industry | | 94.88 | 2.8 2.1 2.4 | 3.7 1.1 .5 | .1 .2 -.6 .4 -.4 -.2 | .7 Manufacturing<1> | | 73.58 | 4.0 1.7 2.6 | 4.1 .3 -.2 | .1 .1 -.7 .6 -.5 -.1 | .7 Durable | | 33.56 | 8.1 2.8 4.8 | 7.4 2.6 1.1 | .0 .2 -.5 .8 -.6 -.1 | 2.5 | | | | | | Measures excluding selected high-technology | | | | | | industries and motor vehicles and parts | | | | | | Total industry | | 90.57 | 1.7 1.4 1.4 | 2.2 -.2 -.2 | .0 .2 -.8 .3 -.6 -.3 | -.4 Manufacturing<1> | | 69.27 | 2.7 .6 1.3 | 2.3 -1.4 -1.1 | .0 .1 -.8 .5 -.6 -.2 | -.8 | | | | | | Measures of non-energy materials | | | | | | inputs to | | | | | | Finished processors | | 11.68 | 5.6 2.8 5.1 | 7.4 4.0 -1.3 | -.2 -.3 -.4 .3 -.3 -.2 | 2.1 Primary and semifinished processors | | 17.61 | .1 .3 2.4 | 2.8 -1.1 -3.0 | -.2 -.2 -.9 .2 -.4 .2 | -.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 2008 | 2007 2008 Item |Average| Q2 Q3 Q4 Q1 | Dec. Jan. Feb. Mar. Apr. May -------------------------------------------------------------------------------------------------------------------------------------------- Total | 10.75 | 11.04 10.93 10.50 9.91 | 10.48 10.19 10.14 9.39 8.43 8.64 Autos | 3.92 | 3.87 3.93 3.97 3.93 | 4.00 3.94 3.86 3.98 3.51 3.62 Trucks | 6.83 | 7.16 7.01 6.53 5.98 | 6.48 6.25 6.28 5.41 4.93 5.03 Light | 6.55 | 6.89 6.75 6.29 5.74 | 6.22 6.03 6.05 5.15 4.67 4.80 Medium and heavy | .28 | .27 .25 .24 .24 | .26 .22 .23 .26 .26 .23 | | | Memo: | | | Autos and light trucks | 10.47 | 10.77 10.68 10.26 9.67 | 10.23 9.97 9.90 9.13 8.17 8.42 -------------------------------------------------------------------------------------------------------------------------------------------- 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| Sept. Oct. Nov. Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total IP | | 100.00 | 112.3 111.8 112.3 112.4 112.5 111.8 111.9 111.1 110.9 | | | MARKET GROUP | | | Final products and nonindustrial supplies | | 56.13 | 112.5 111.6 111.8 111.9 112.2 111.4 111.5 110.4 110.2 Consumer goods | | 29.33 | 108.4 107.3 107.4 107.4 108.0 107.2 107.0 105.8 105.6 Durable | | 6.68 | 103.5 102.4 102.9 102.7 101.2 100.2 98.1 94.3 94.8 Automotive products | | 3.23 | 101.1 100.0 101.1 101.6 99.6 98.9 94.6 87.5 88.8 Home electronics | | .31 | 156.4 158.8 167.6 170.1 168.3 169.3 166.4 167.8 169.3 Appliances, furniture, carpeting | | 1.08 | 95.5 94.1 92.9 91.7 89.2 87.2 87.4 87.1 86.8 Miscellaneous goods | | 2.06 | 105.0 103.8 103.2 102.3 101.9 100.9 101.3 100.4 100.0 Nondurable | | 22.65 | 109.9 108.8 108.8 108.8 110.1 109.4 109.7 109.3 108.9 Non-energy | | 16.27 | 110.1 109.4 108.8 109.2 109.2 108.8 109.7 109.2 109.2 Foods and tobacco | | 8.99 | 111.8 110.0 109.5 109.6 109.4 108.6 110.5 109.5 109.5 Clothing | | .54 | 77.0 76.3 76.2 78.0 77.2 76.6 75.1 74.2 73.5 Chemical products | | 4.71 | 117.4 118.8 118.0 118.5 118.7 119.3 118.3 119.2 119.4 Paper products | | 1.56 | 96.9 95.8 95.2 95.9 96.5 95.9 97.4 96.1 95.2 Energy | | 6.38 | 109.5 107.6 109.0 108.1 112.6 111.3 109.9 109.8 108.4 | | | Business equipment | | 9.38 | 130.5 129.9 130.2 131.2 131.5 131.3 132.2 130.0 130.0 Transit | | 1.71 | 124.1 122.6 123.2 123.9 122.8 121.8 121.9 118.4 117.9 Information processing | | 2.72 | 159.2 160.7 162.7 164.8 165.5 167.8 169.6 170.6 170.8 Industrial and other | | 4.95 | 117.9 116.7 116.2 116.7 117.4 116.4 117.2 114.2 114.2 Defense and space equipment | | 1.73 | 118.4 118.3 120.2 119.9 120.8 119.3 119.0 119.2 118.5 | | | Construction supplies | | 4.21 | 106.6 105.4 104.5 104.2 103.7 102.4 102.1 100.7 100.5 Business supplies | | 10.64 | 109.1 108.8 109.2 108.9 109.3 108.0 108.7 108.2 107.9 | | | Materials | | 43.87 | 112.0 112.2 113.0 113.1 112.9 112.3 112.5 112.0 111.8 Non-energy | | 29.30 | 116.6 116.4 117.2 116.9 116.6 115.8 116.1 115.6 115.7 Durable | | 17.55 | 125.3 125.5 126.4 125.8 125.8 125.6 125.6 125.1 125.0 Consumer parts | | 2.92 | 93.6 92.4 92.9 90.7 90.1 89.1 87.5 85.9 85.2 Equipment parts | | 6.02 | 171.3 174.6 176.5 176.7 177.6 178.2 180.4 181.4 181.6 Other | | 8.62 | 110.4 109.7 110.4 110.0 109.8 109.5 109.3 108.6 108.5 Nondurable | | 11.75 | 103.8 102.9 103.5 103.7 103.1 101.4 102.0 101.6 102.0 Textile | | .52 | 74.0 73.5 73.1 72.6 70.9 71.0 69.9 68.6 68.7 Paper | | 2.23 | 96.4 96.4 97.7 99.3 97.8 95.9 96.5 95.9 95.3 Chemical | | 5.78 | 113.1 111.9 112.5 112.3 112.0 110.2 110.3 110.4 111.3 Energy | | 14.58 | 101.6 102.5 103.3 104.1 104.0 104.0 103.9 103.5 102.8 | | | | | | INDUSTRY GROUP | | | Manufacturing | | 78.70 | 114.0 113.5 113.8 113.8 113.8 113.0 113.3 112.3 112.3 Manufacturing (NAICS) | 31-33 | 75.02 | 115.2 114.8 115.1 115.1 115.2 114.4 114.6 113.6 113.7 | | | Durable manufacturing | | 38.51 | 122.4 122.2 122.9 122.8 122.8 122.1 122.1 120.4 120.5 Wood products | 321 | 1.19 | 97.9 96.5 94.2 94.3 92.3 91.5 91.0 90.0 88.1 Nonmetallic mineral products | 327 | 2.25 | 110.2 108.9 109.7 105.9 106.0 104.2 106.1 104.0 103.6 Primary metal | 331 | 2.70 | 109.2 110.0 111.0 112.9 115.2 114.0 112.6 112.1 112.1 Fabricated metal products | 332 | 5.58 | 113.2 113.1 113.7 113.1 113.4 113.2 113.2 112.1 112.4 Machinery | 333 | 4.89 | 118.0 116.4 115.4 114.6 115.1 114.2 115.6 112.8 111.1 Computer and electronic products | 334 | 6.85 | 188.3 192.8 196.2 198.1 198.0 201.0 203.8 206.1 207.1 Electrical equip., appliances, | | | and components | 335 | 1.93 | 105.7 104.3 105.0 106.1 106.1 104.6 106.4 105.8 107.1 Motor vehicles and parts | 3361-3 | 5.12 | 96.6 95.1 95.8 95.5 94.0 93.1 88.5 82.4 83.2 Aerospace and miscellaneous | | | transportation equipment | 3364-9 | 3.50 | 125.3 125.3 126.9 126.4 127.5 125.8 126.1 125.7 124.8 Furniture and related products | 337 | 1.43 | 102.4 101.7 101.4 100.1 98.1 96.4 95.9 94.6 94.2 Miscellaneous | 339 | 3.09 | 117.4 116.5 116.0 117.2 117.8 115.1 117.2 116.6 117.8 | | | Nondurable manufacturing | | 36.50 | 107.3 106.7 106.6 106.8 106.8 106.0 106.4 106.1 106.1 Food, beverage, and tobacco products | 311,2 | 10.74 | 112.0 110.5 110.0 110.1 109.9 109.1 111.2 110.4 110.2 Textile and product mills | 313,4 | .93 | 78.1 77.7 77.1 77.2 75.3 75.2 75.0 73.9 74.0 Apparel and leather | 315,6 | .57 | 77.6 77.0 76.8 78.7 77.8 77.2 75.8 75.0 74.3 Paper | 322 | 2.54 | 95.0 94.1 95.4 97.3 96.0 93.7 95.0 94.1 93.6 Printing and support | 323 | 1.87 | 99.6 98.9 99.4 99.0 98.4 97.2 98.6 97.9 97.9 Petroleum and coal products | 324 | 5.24 | 108.4 108.7 108.1 108.5 111.7 110.6 109.3 109.4 109.0 Chemical | 325 | 11.57 | 115.0 114.5 114.7 114.6 114.5 113.9 113.7 114.1 114.8 Plastics and rubber products | 326 | 3.04 | 105.0 104.6 105.4 104.5 103.0 103.1 101.8 101.4 101.7 | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.68 | 93.2 92.2 91.7 91.9 91.3 90.5 91.2 89.9 88.8 | | | Mining | 21 | 11.62 | 101.3 101.3 102.9 103.9 103.3 103.6 103.2 102.7 102.8 Utilities | 2211,2 | 9.68 | 109.0 108.4 109.1 108.2 110.6 109.0 109.0 109.0 107.0 Electric | 2211 | 7.98 | 111.5 112.3 111.1 109.7 112.4 109.0 110.7 111.1 108.1 Natural gas | 2212 | 1.70 | 97.4 90.9 99.4 101.2 101.8 108.0 100.9 99.1 101.1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- r Revised. p Preliminary. Note. See notes to table 1. Table 5 Industrial Production Indexes: Special Aggregates 2002 = 100, seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | 2007 | 2007 2008 Item | NAICS | Proportion| Sept. Oct. Nov. Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | Total industry | | 100.00 | 112.3 111.8 112.3 112.4 112.5 111.8 111.9 111.1 110.9 | | | Energy | | 24.66 | 106.0 106.1 107.1 107.3 108.7 108.0 107.7 107.5 106.6 Consumer products | | 6.38 | 109.5 107.6 109.0 108.1 112.6 111.3 109.9 109.8 108.4 Commercial products | | 2.94 | 113.8 114.7 115.7 113.9 117.2 115.0 114.5 114.6 114.0 Oil and gas well drilling | 213111 | .77 | 168.9 163.1 169.1 174.1 169.3 167.5 171.0 174.3 177.3 Converted fuel | | 4.15 | 108.3 109.8 108.0 108.8 109.6 108.5 109.1 109.3 107.9 Primary energy | | 10.42 | 98.7 99.4 101.2 101.9 101.6 101.9 101.7 101.0 100.5 | | | Non-energy | | 75.34 | 113.9 113.4 113.6 113.7 113.4 112.6 112.9 111.9 111.9 Selected high-technology industries | | 4.31 | 234.6 243.2 247.5 250.6 250.4 254.8 259.9 264.4 267.3 Computers and peripheral equipment | 3341 | .98 | 191.4 194.6 198.1 201.4 205.6 208.7 210.6 211.2 212.8 Communications equipment | 3342 | 1.28 | 181.7 186.3 188.6 192.4 191.8 194.0 196.9 200.4 202.1 Semiconductors and related | | | electronic components | 334412-9 | 2.04 | 290.7 306.4 312.6 314.5 311.6 318.6 327.8 335.5 340.2 | | | Excluding selected high-technology | | | industries | | 71.03 | 108.1 107.2 107.4 107.4 107.1 106.2 106.4 105.2 105.1 | | | Motor vehicles and parts | 3361-3 | 5.12 | 96.6 95.1 95.8 95.5 94.0 93.1 88.5 82.4 83.2 Motor vehicles | 3361 | 2.28 | 96.3 94.4 96.1 96.4 94.5 92.8 86.8 76.1 78.1 Motor vehicle parts | 3363 | 2.47 | 95.2 94.3 94.8 93.5 93.0 92.6 89.1 86.8 87.0 | | | Excluding motor vehicles and parts | | 65.91 | 109.1 108.3 108.4 108.4 108.2 107.3 107.9 107.2 107.0 Consumer goods | | 19.88 | 108.7 107.9 107.4 107.6 107.2 106.7 107.6 107.0 106.9 Business equipment | | 7.33 | 120.9 120.0 120.0 120.5 121.1 120.5 121.5 119.4 119.3 Construction supplies | | 4.17 | 105.9 104.7 103.8 103.4 102.9 101.6 101.3 99.8 99.6 Business supplies | | 7.41 | 103.2 102.2 102.4 102.5 101.9 100.8 101.8 101.0 100.8 Materials | | 25.38 | 108.4 107.7 108.3 108.1 107.9 106.8 107.2 106.8 106.7 | | | Measures excluding selected high-technology | | | industries | | | Total industry | | 95.69 | 107.6 107.0 107.4 107.4 107.6 106.7 106.8 105.9 105.6 Manufacturing<1> | | 74.39 | 108.3 107.5 107.7 107.6 107.6 106.7 106.8 105.7 105.6 Durable | | 34.37 | 111.1 110.3 110.7 110.5 110.5 109.5 109.2 107.3 107.1 | | | Measures excluding motor vehicles and parts | | | Total industry | | 94.88 | 113.3 112.9 113.4 113.5 113.7 113.0 113.4 112.9 112.7 Manufacturing<1> | | 73.58 | 115.4 115.0 115.3 115.4 115.5 114.7 115.3 114.8 114.7 Durable | | 33.56 | 127.3 127.4 128.0 128.0 128.3 127.6 128.6 127.8 127.7 | | | Measures excluding selected high-technology | | | industries and motor vehicles and parts | | | Total industry | | 90.57 | 108.3 107.8 108.1 108.2 108.4 107.6 107.9 107.3 107.0 Manufacturing<1> | | 69.27 | 109.2 108.6 108.7 108.7 108.8 107.9 108.4 107.7 107.5 | | | Measures of non-energy materials | | | inputs to | | | Finished processors | | 11.68 | 126.2 127.1 128.3 128.0 127.6 127.1 127.4 127.0 126.7 Primary and semifinished processors | | 17.61 | 109.6 108.7 109.2 109.0 108.7 107.7 108.0 107.5 107.8 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 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 50.0 2008 46.8 42.9 53.8 44.4 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 52.9 51.9 2008 48.1 40.1 46.5 37.5 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 53.5 54.8 2008 46.8 43.6 47.1 42.9 ------------------------------------------------------------------------------------------------------- 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[r] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | | 100.00 | 81.0 85.1 73.6 | 81.3 81.0 80.6 | 81.0 81.0 80.3 80.3 79.6 79.4 | | | | | Manufacturing<1> | | 80.83 | 79.7 84.6 71.5 | 79.8 79.3 78.7 | 79.2 79.1 78.4 78.5 77.7 77.5 Manufacturing (NAICS) | 31-33 | 77.04 | 79.5 84.7 71.0 | 79.8 79.3 78.7 | 79.2 79.1 78.4 78.5 77.7 77.6 | | | | | Durable manufacturing | | 41.25 | 78.0 84.2 68.1 | 78.4 77.8 77.0 | 77.7 77.5 76.8 76.7 75.4 75.2 Wood products | 321 | 1.36 | 79.9 87.9 70.7 | 73.6 70.1 67.7 | 69.6 68.2 67.6 67.3 66.6 65.2 Nonmetallic mineral products | 327 | 2.35 | 79.4 84.0 74.9 | 79.6 78.2 75.9 | 76.7 76.6 74.9 76.2 74.6 74.2 Primary metal | 331 | 2.64 | 80.9 95.8 68.5 | 84.0 83.9 85.6 | 85.0 86.9 85.6 84.5 84.0 83.9 Fabricated metal products | 332 | 5.64 | 77.5 85.5 69.5 | 81.3 81.3 81.1 | 81.1 81.3 81.0 81.0 80.1 80.3 Machinery | 333 | 5.15 | 78.7 87.6 63.7 | 78.8 77.3 76.5 | 76.6 76.7 76.0 76.8 74.8 73.6 Computer and electronic products | 334 | 7.82 | 78.3 83.7 58.2 | 77.0 77.4 77.3 | 77.6 76.8 77.4 77.7 77.8 77.5 Electrical equip., appliances, | | | | | and components | 335 | 1.87 | 83.2 93.1 72.0 | 84.3 83.4 83.4 | 84.0 83.8 82.5 83.8 83.2 84.0 Motor vehicles and parts | 3361-3 | 5.82 | 77.4 89.0 69.7 | 74.6 72.4 69.8 | 72.7 71.4 70.7 67.2 62.6 63.2 Aerospace and miscellaneous | | | | | transportation equipment | 3364-9 | 3.69 | 72.7 68.8 62.8 | 79.3 80.4 80.3 | 80.4 81.0 79.8 79.9 79.6 78.9 Furniture and related products | 337 | 1.53 | 78.6 83.2 68.2 | 78.0 76.6 73.6 | 75.8 74.4 73.3 72.9 72.0 71.7 Miscellaneous | 339 | 3.38 | 76.6 81.2 70.5 | 75.6 74.7 74.3 | 74.9 75.1 73.3 74.5 74.0 74.6 | | | | | Nondurable manufacturing | | 35.78 | 81.6 85.4 74.8 | 81.4 81.0 80.6 | 81.0 81.0 80.3 80.5 80.3 80.3 Food, beverage, and tobacco products | 311,2 | 10.68 | 81.5 84.0 75.7 | 82.1 81.1 80.9 | 80.9 80.8 80.1 81.6 80.9 80.7 Textile and product mills | 313,4 | 1.08 | 82.0 91.8 68.9 | 69.9 68.9 67.5 | 69.2 67.5 67.4 67.4 66.6 66.9 Apparel and leather | 315,6 | .66 | 78.4 87.5 60.2 | 72.8 73.0 73.1 | 74.3 73.7 73.3 72.2 71.6 71.1 Paper | 322 | 2.50 | 87.6 92.4 78.5 | 82.5 82.6 82.1 | 84.1 83.0 81.1 82.2 81.5 81.1 Printing and support | 323 | 2.00 | 83.5 86.5 72.6 | 76.6 76.4 75.4 | 76.3 75.7 74.7 75.7 75.1 75.0 Petroleum and coal products | 324 | 4.21 | 85.9 90.5 83.8 | 88.7 88.9 90.5 | 88.8 91.4 90.6 89.6 89.7 89.3 Chemical | 325 | 11.69 | 78.3 81.2 69.4 | 79.3 78.9 78.2 | 78.8 78.7 78.1 77.9 78.1 78.5 Plastics and rubber products | 326 | 2.98 | 83.6 91.8 74.6 | 84.6 84.6 82.4 | 84.1 82.9 82.8 81.6 81.2 81.3 | | | | | Other manufacturing (non-NAICS) | 1133,5111 | 3.79 | 84.5 83.0 80.3 | 80.2 79.2 78.3 | 79.1 78.6 77.8 78.4 77.3 76.3 | | | | | Mining | 21 | 9.90 | 87.5 88.7 84.8 | 89.0 90.2 90.3 | 91.2 90.4 90.5 90.1 89.6 89.6 Utilities | 2211,2 | 9.27 | 86.8 93.9 84.6 | 85.9 85.9 86.3 | 85.5 87.5 85.8 85.6 85.4 83.7 | | | | | Selected high-technology industries | | 4.93 | 78.1 85.6 55.9 | 79.5 79.9 79.2 | 79.9 78.7 79.2 79.7 79.9 79.8 Computers and peripheral equipment | 3341 | 1.13 | 77.9 86.3 66.8 | 78.0 78.3 79.6 | 78.4 78.8 80.0 79.9 79.4 79.3 Communications equipment | 3342 | 1.45 | 75.7 82.8 40.4 | 77.7 80.1 81.0 | 81.2 80.5 80.9 81.4 82.2 82.2 Semiconductors and related | | | | | electronic components | 334412-9 | 2.35 | 80.8 92.2 57.4 | 81.2 80.5 78.1 | 79.9 77.6 78.0 78.7 79.1 78.8 | | | | | Measures excluding selected high-technology | | | | | industries | | | | | Total industry | | 95.07 | 81.2 85.0 74.8 | 81.4 81.0 80.6 | 81.1 81.2 80.4 80.4 79.6 79.4 Manufacturing<1> | | 75.90 | 79.8 84.5 72.8 | 79.8 79.2 78.6 | 79.2 79.1 78.4 78.4 77.5 77.4 | | | | | Stage-of-process groups | | | | | Crude | | 13.93 | 86.6 89.5 81.9 | 88.3 89.3 89.4 | 90.3 89.4 89.4 89.4 88.8 89.0 Primary and semifinished | | 47.15 | 82.2 88.2 74.6 | 81.9 81.3 80.7 | 81.0 81.4 80.3 80.2 79.8 79.3 Finished | | 38.92 | 77.7 80.4 69.9 | 78.0 77.6 77.2 | 77.6 77.5 77.0 77.1 76.0 75.9 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [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 | Q3 Q4 Q1 Q2 | May ----------------------------------------------------------------------------------------------------------------------------------------------------- Total industry | 3.0 2.0 2.2 3.0 | .8 1.3 1.8 1.5 | 2.0 1.9 1.8 1.6 | .1 | | | | Manufacturing<1> | 3.2 2.2 2.5 3.4 | 1.4 1.4 2.0 1.7 | 2.1 2.2 2.0 1.8 | .1 | | | | Mining | .8 .0 -.8 -.4 | -1.1 1.4 1.7 .7 | 1.7 1.3 .9 .7 | .0 Utilities | 4.2 2.3 1.5 2.2 | .7 .8 1.2 2.2 | 1.5 2.1 2.3 2.4 | .2 | | | | | | | | Selected high-technology industries | 19.7 17.4 15.6 24.7 | 13.1 10.3 21.4 17.6 | 23.6 23.0 20.8 18.0 | 1.3 Manufacturing<1> ex. selected | | | | high-technology industries | 2.6 1.3 1.6 1.5 | .7 .8 .8 .8 | .8 .9 .9 .8 | .1 | | | | Stage-of-process groups | | | | Crude | 1.7 .3 -.4 .0 | -.8 .9 1.4 .5 | 1.4 1.0 .7 .5 | .0 Primary and semifinished | 3.0 1.4 2.4 3.5 | .8 1.2 2.1 1.9 | 2.4 2.4 2.3 2.0 | .2 Finished | 3.8 3.4 2.6 3.2 | 2.3 1.8 1.7 1.8 | 1.8 1.9 1.9 1.8 | .1 ----------------------------------------------------------------------------------------------------------------------------------------------------- <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[r] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | Final products and nonindustrial | | | | supplies | 2,813.4 | 3,034.7 | 3,053.1 3,039.0 3,042.5 | 3,043.1 3,062.1 3,036.0 3,029.5 2,992.1 2,984.1 | | | | Final products | 2,114.3 | 2,311.5 | 2,328.7 2,316.7 2,323.9 | 2,321.0 2,337.5 2,321.3 2,313.0 2,279.5 2,272.6 | | | | Consumer goods | 1,476.4 | 1,606.3 | 1,617.6 1,605.4 1,608.5 | 1,605.5 1,621.0 1,607.7 1,596.6 1,574.5 1,569.1 Durable | 471.7 | 495.0 | 503.2 492.2 477.2 | 493.0 485.0 479.9 466.7 442.3 446.6 Automotive products | 278.6 | 299.3 | 306.3 298.8 288.8 | 300.8 295.1 292.4 279.0 255.7 260.2 Other durable goods | 193.0 | 195.8 | 196.9 193.5 188.4 | 192.3 189.9 187.6 187.7 186.6 186.3 Nondurable | 1,004.8 | 1,105.3 | 1,109.5 1,106.5 1,120.0 | 1,106.0 1,125.9 1,117.4 1,116.7 1,113.7 1,105.9 | | | | Equipment, total | 637.9 | 715.4 | 721.3 722.8 727.6 | 728.0 727.6 725.3 729.9 718.1 716.7 Business and defense | 621.5 | 698.4 | 704.5 706.8 711.3 | 711.4 711.5 709.1 713.4 700.3 698.2 Business | 561.2 | 622.5 | 627.9 629.0 633.8 | 633.4 632.9 632.0 636.5 622.6 621.2 Defense and space | 60.3 | 77.1 | 77.8 78.8 78.7 | 79.0 79.5 78.3 78.3 78.4 77.9 | | | | Nonindustrial supplies | 699.1 | 724.5 | 726.0 723.8 720.4 | 723.6 726.3 716.6 718.3 713.9 712.8 Construction supplies | 196.8 | 200.3 | 201.9 197.9 194.6 | 197.7 196.9 193.9 193.0 190.1 189.8 Business supplies | 502.3 | 524.2 | 524.1 525.9 525.7 | 525.9 529.3 522.7 525.2 523.8 522.9 Commercial energy products | 135.7 | 155.1 | 154.2 155.6 157.3 | 154.8 159.6 156.7 155.5 155.8 155.7 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [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 | | |------------------------------|------------------------------|------------------------------------------------------------| May '07 | 2007 | | 2007 2008 | 2007 2008 | to Item | gross value<1>| 2005 2006 2007 | Q3 Q4[r] Q1[r] | Dec.[r] Jan.[r] Feb.[r] Mar.[r] Apr.[r] May[p] | May '08 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | | | | Finished | 1996.8 | 5.3 2.3 1.4 | 4.7 -1.9 -1.3 | .4 -.3 -.5 .0 -2.0 .1 | -1.4 Semifinished | 1719.2 | 4.8 -1.6 2.4 | 3.6 -1.1 -3.7 | -.7 .4 -1.3 .3 -.4 -.5 | -1.5 Primary | 985.6 | -.7 -.6 2.0 | 3.4 -.5 3.8 | .3 1.3 -.9 -.4 -.1 -.5 | .2 Crude | 426.2 | -7.9 7.6 2.3 | 1.5 4.8 .4 | .5 -.7 -.2 .2 -.7 .3 | 1.3 | | | | | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- [r] Revised. [p] Preliminary. <1> Billions of 2000 dollars. Table 11 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 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 .3 | 1.7 2008 | .1 -.6 .1 -.7 -.2 | -.3 | | | | 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 | 112.5 111.8 111.9 111.1 110.9 | 112.1 | | | | 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 | 139.0 139.1 139.3 139.5 139.7 | 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 80.3 79.6 79.4 | 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 .0 | 1.1 4.7 4.0 -.6 | 1.7 2008 | .0 -.7 .2 -.9 .0 | -1.2 | | | | 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 | 111.1 111.3 112.0 112.4 112.6 113.2 114.1 113.6 114.0 113.5 113.8 113.8 | 111.5 112.8 113.9 113.7 | 112.9 2008 | 113.8 113.0 113.3 112.3 112.3 | 113.4 | | | | 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 | 143.9 144.1 144.4 144.6 144.8 | 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 | 79.1 78.4 78.5 77.7 77.5 | 78.7 | ------------------------------------------------------------------------------------------------------------------------------------------- <1> See note on cover page. <2> Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages. Table 13 Historical Statistics for Industrial Production, Capacity, and Utilization: Total Industry Excluding Selected High-Technology Industries Seasonally adjusted ------------------------------------------------------------------------------------------------------------------------------------------- | | | Year | Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.| Q1 Q2 Q3 Q4| Annual ------------------------------------------------------------------------------------------------------------------------------------------- | | | IP (percent | | | change) <1> | | | 1986 | .5 -.8 -.7 .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 .0 | 1.4 2.2 2.2 -1.0 | .9 2008 | .1 -.8 .0 -.9 -.2 | -.9 | | | | 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 | 106.0 106.7 106.5 106.9 106.9 107.1 107.5 107.4 107.6 107.0 107.4 107.4 | 106.4 107.0 107.5 107.3 | 107.0 2008 | 107.6 106.7 106.8 105.9 105.6 | 107.0 | | | | 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 | 132.7 132.8 132.8 132.9 133.0 | 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 | 81.2 80.4 80.4 79.6 79.4 | 80.6 | ------------------------------------------------------------------------------------------------------------------------------------------- <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 1987 | -.5 1.4 .1 .4 .7 .3 .6 .3 .5 1.5 .6 .5 | 4.7 5.9 5.5 10.5 | 4.6 1988 | -.2 .2 .2 .8 -.2 .0 .0 .1 .3 .5 .