Federal Reserve Statistical Release, G.17, Industrial Production and Capacity Utilization; title with eagle logo links to Statistical Release home page

Release Date: March 14, 2003
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INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION: SUMMARY
Seasonally adjusted
  1997=100 Percent change
  2002   2003   2002   2003   Feb. '02 to
Industrial production Nov. Dec. Jan. Feb. Nov. Dec. Jan. Feb. Feb. '03
                   
Total index  110.8  110.1  111.0  111.1     .2    -.6     .8     .1    1.7
   Previous estimates  110.8  110.3  111.1           .2    -.4     .7    
                   
Major market groups                  
Final Products  107.1  106.0  107.1  106.9     .4   -1.0    1.0    -.2     .1
   Consumer goods  107.8  106.7  107.8  107.5     .7   -1.0    1.0    -.3     .7
   Business equipment  106.1  104.7  105.6  105.6     .0   -1.3     .9     .0   -2.4
Nonindustrial supplies  114.9  114.2  115.0  115.5    -.4    -.6     .8     .4    2.4
   Construction  103.8  102.8  103.0  102.8    -.3   -1.0     .1    -.2    -.3
Materials  113.1  112.8  113.4  113.8     .2    -.2     .6     .3    3.2
                   
Major industry groups                  
Manufacturing (see note below)  111.6  110.8  111.5  111.4     .1    -.7     .6    -.1     .9
   Previous estimates  111.6  111.1  111.7           .1    -.4     .5    
Mining   93.6   95.4   93.7   94.6    1.4    1.9   -1.8    1.0     .5
Utilities  112.1  110.5  114.9  116.4     .0   -1.4    4.0    1.3   10.6

    Capacity
  Percent of capacity growth
  Average 1982 1988-89 2002 2002   2003   Feb. '02 to
Capacity utilization 1972-2002 Low High Feb. Nov. Dec. Jan. Feb. Feb. '03
                   
Total industry   81.3   70.8   85.1   75.1   75.6   75.1   75.6   75.6    1.1
   Previous estimates                           75.6   75.2   75.7            
                   
Manufacturing (see note below)   80.2   68.6   85.6   73.4   73.7   73.2   73.6   73.4     .8
   Previous estimates                           73.7   73.4   73.7            
Mining   86.9   78.6   85.6   85.4   85.0   86.6   85.0   85.8     .0
Utilities   86.7   77.2   92.6   85.2   86.4   84.8   87.8   88.5    6.5
                   
Stage-of-process groups                  
Crude   86.4   77.2   88.6   82.5   82.9   84.5   82.8   83.7    -.4
Primary and semifinished   82.2   67.9   86.2   76.4   78.1   77.4   78.3   78.4    1.6
Finished   78.5   71.3   83.1   71.8   70.9   70.2   70.7   70.3     .9

r Revised. p Preliminary.
The statistics in this release cover output, capacity, and capacity utilization in the
industrial sector, which the Federal Reserve defines as 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.


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