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Statistical Supplement | February 2004

Statistical Supplement to the Federal Reserve Bulletin, February 2004

2.12  Output, Capacity, and Capacity Utilization1
Seasonally adjusted
Series 2002 2003 2002 2003 2002 2003
Q4 Q1 Q2 Q3r Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3r
  Ouput (1997=100) Capacity (percent of 1997 output) Capacity utilization rate (percent)2
1 Total industry 110.9 111.2 110.0 111.1 147.5 148.0 148.4 148.8 75.2 75.1 74.1 74.6
 
2 Manufacturing 111.7 112.0 111.1 112.1 152.0 152.4 152.8 153.2 73.5 73.5 72.7 73.2
3 Manufacturing (NAICS) 112.3 112.3 111.3 112.5 153.5 154.0 154.5 154.9 73.2 72.9 72.0 72.6
 
4 Durable manufacturing 123.9 124.3 123.1 125.6 175.7 176.9 178.0 179.1 70.5 70.3 69.1 70.1
5 Primary metal 87.0 86.6 82.9 82.8 112.8 112.8 112.9 113.0 77.1 76.8 73.4 73.3
 
6 Fabricated metal products 96.9 95.6 93.5 93.9 139.0 139.1 139.3 139.5 69.7 68.8 67.2 67.3
7 Machinery 86.1 86.0 86.0 86.6 129.0 128.7 128.3 128.0 66.7 66.8 67.0 67.6
8 Computer and electronic products 245.9 253.1 257.7 272.5 390.0 400.5 409.7 417.9 63.1 63.2 62.9 65.2
9 Electrical equipment, appliances, and components 94.6 93.7 92.9 93.3 127.7 127.4 127.1 126.8 74.1 73.5 73.1 73.5
10 Motor vehicles and parts 116.2 116.4 113.0 118.1 143.0 143.9 145.0 146.2 81.3 80.9 77.9 80.7
11 Aerospace and miscellaneous transportation equipment 95.1 94.4 94.0 94.6 147.8 147.8 147.8 147.8 64.3 63.8 63.6 64.0
12 Nondurable manufacturing 97.9 97.5 96.7 96.6 127.6 127.4 127.1 126.9 76.7 76.5 76.1 76.1
13 Food, beverage, and tobacco products 98.4 98.3 98.0 97.6 127.2 127.0 126.7 126.4 77.3 77.4 77.3 77.2
14 Textile and product mills 82.6 80.1 77.8 75.9 110.2 109.5 108.6 107.7 74.9 73.2 71.7 70.4
 
15 Paper 94.6 92.8 92.7 92.0 111.4 111.0 110.6 110.3 84.9 83.6 83.8 83.4
16 Petroleum and coal products 100.5 101.1 100.4 101.2 114.1 114.3 114.7 115.1 88.1 88.4 87.6 87.9
17 Chemical 104.4 104.9 104.5 105.4 143.2 143.6 144.0 144.4 72.9 73.1 72.6 73.0
18 Plastics and rubber products 104.0 103.7 102.6 103.0 130.7 130.3 129.6 128.9 79.5 79.6 79.1 79.9
19 Other manufacturing (non-NAICS) 101.6 105.6 106.4 104.9 128.9 128.3 127.8 127.4 78.9 82.3 83.2 82.4
 
20 Mining 93.3 93.3 93.1 93.3 110.3 110.1 110.0 109.8 84.6 84.7 84.7 85.0
21 Electric and gas utilities 113.0 113.1 109.2 111.0 129.5 131.2 132.6 133.9 87.2 86.3 82.4 82.9
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 331.0 341.9 353.6 379.9 536.2 554.2 570.2 584.8 61.7 61.7 62.0 65.0
 
23 Total excluding computers, communications equipment, and semiconductors 100.1 100.2 98.9 99.5 131.3 131.3 131.4 131.4 76.3 76.3 75.3 75.7
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 99.1 99.1 98.0 98.5 132.8 132.8 132.7 132.6 74.6 74.7 73.9 74.3

Note. The statistics in the G.17 release cover output, capacity, and capacity utilization in the industrial sector, which the Federal Reserve defines are manufacturing, mining, and electric and gas utilities. Manufacturing consists of those industries included in the North American Industry Classification System, or NAICS, manufacturing plus those industries--logging and newspaper, periodical, book, and directory publishing--that have traditionally been considered manufacturing and included in the industrial sector.

1. Data in this table also appear in the Board's G.17 (419) monthly statistical release. The latest historical revision of the industrial production index and the capacity utilization rates was released in November 2003. The recent annual revision is described in the Winter 2004 issue of the Bulletin.   Return to table

2. Capacity utilization is calculated as the ratio of the Federal Reserve's seasonally adjusted index of industrial production to the corresponding index of capacity.   Return to table

3. Monthly highs, 1978-80; monthly lows, 1982.   Return to table

4. Monthly highs, 1988-89; monthly lows, 1990-91.   Return to table

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Last update: November 17, 2005