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Statistical Supplement | December 2008

Statistical Supplement to the Federal Reserve Bulletin, December 2008

2.12  Output, Capacity, and Capacity Utilization1--Continued
Seasonally adjusted
Series 1973 1975 Previous cycle2 Latest cycle3 2007 2008
High Low High Low High Low Nov Juner Julyr Augr Septr Octr Novp
  Capacity utilization rate (percent)4
1 Total industry 88.8 74.0 86.6 70.9 85.0 78.6 81.1 79.6 79.5 78.3 75.0 76.0 75.4
 
2 Manufacturing 88.3 71.5 86.2 68.5 85.4 77.1 79.3 77.3 77.1 76.2 73.1 73.4 72.3
3 Manufacturing (NAICS) 88.4 71.3 86.2 67.8 85.3 77.0 79.3 77.4 77.2 76.3 73.0 73.4 72.2
 
4 Durable manufacturing 89.4 69.6 86.7 62.9 84.6 73.5 77.9 75.3 75.3 73.9 71.3 69.6 68.5
5 Primary metal 101.9 69.8 90.1 46.9 93.8 75.0 83.5 82.2 83.7 82.4 78.1 71.8 66.4
 
6 Fabricated metal products 91.7 69.9 83.1 61.8 81.7 72.7 81.6 78.6 78.3 78.6 77.7 76.3 74.5
7 Machinery 94.6 74.3 92.7 58.0 85.3 74.0 77.1 74.2 73.5 74.6 72.5 70.9 69.2
8 Computer and electronic products 87.0 66.0 90.0 77.4 81.9 76.7 78.0 77.8 76.9 75.5 73.7 72.4 70.9
9 Electrical equipment, appliances, and components 99.3 68.0 91.9 64.6 89.1 77.0 83.4 83.6 83.2 82.3 79.3 79.3 77.4
10 Motor vehicles and parts 95.8 54.8 95.1 44.9 89.5 56.0 72.6 65.9 67.7 60.2 60.9 58.7 57.0
11 Aerospace and miscellaneous transportation equipment 75.9 68.1 87.1 69.0 87.4 81.0 80.8 79.2 78.1 77.5 64.1 62.0 69.8
12 Nondurable manufacturing 87.6 72.3 85.8 75.4 86.7 81.4 80.9 79.7 79.4 78.9 75.0 77.6 76.3
13 Food, beverage, and tobacco products 86.3 77.5 84.2 80.4 86.0 80.9 81.0 80.4 79.9 79.7 79.3 80.0 80.0
14 Textile and product mills 89.5 61.8 89.6 72.1 91.1 77.6 68.6 65.6 65.9 66.6 65.0 64.7 62.8
 
15 Paper 96.7 74.1 95.4 81.4 92.6 86.1 82.4 82.0 81.3 82.0 79.2 77.7 76.2
16 Petroleum and coal products 92.1 80.8 91.0 68.8 88.2 82.4 88.5 90.2 90.4 89.0 79.4 87.9 87.9
17 Chemical 85.3 69.1 83.5 67.9 85.0 79.9 79.0 77.0 76.7 75.8 69.5 73.9 71.2
18 Plastics and rubber products 96.1 61.7 90.1 71.8 89.8 76.4 85.0 81.7 81.8 80.2 78.6 76.7 74.3
19 Other manufacturing (non-NAICS) 86.2 75.6 88.0 86.7 91.1 80.4 79.0 76.0 74.9 74.4 74.0 74.3 73.8
 
20 Mining 93.4 87.6 93.8 79.6 86.3 83.6 90.0 90.9 92.1 91.5 82.8 88.7 90.9
21 Electric and gas utilities 96.2 82.9 89.0 77.7 92.7 84.1 86.3 85.9 84.9 80.9 82.7 83.1 84.3
 
  MEMOS  
22 Computers, communications equipment, and semiconductors 84.4 62.3 89.6 75.1 81.7 75.3 80.7 79.4 78.1 76.1 74.0 72.1 69.9
 
23 Total excluding computers, communications equipment, and semiconductors 89.1 74.4 86.8 70.6 85.3 78.7 81.1 79.6 79.5 78.4 75.0 76.2 75.7
 
24 Manufacturing excluding computers, communications equipment, and semiconductors 88.4 71.9 86.4 68.0 85.8 77.2 79.2 77.2 77.1 76.2 73.0 73.5 72.4

Note: The statistics in this release cover output, capacity, and capacity utilization in the 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, or NAICS; electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS 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.

1. Data in this table 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 on March 28, 2008. The 2008 annual revision is described in an article in the Federal Reserve Bulletin titled "Industrial Production and Capacity Utilization: The 2008 Revision," www.federalreserve.gov/pubs/bulletin/2008/pdf/Industrial08.pdf.   Return to table

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

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

4. 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

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Last update: January 9, 2009