INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION
[Annual Revision Notice Below]
Industrial production decreased 0.1 percent in January 2011 after having risen 1.2 percent in December. In the manufacturing sector, output increased 0.3 percent in January after an upwardly revised gain of 0.9 percent in December. Excluding motor vehicles and parts, factory production rose 0.1 percent in January. The output of utilities fell 1.6 percent in January, as temperatures moved closer to normal after unseasonably cold weather boosted the demand for heating in December; the output of utilities advanced 4.1 percent in that month. In January, the output of mines declined 0.7 percent. At 95.1 percent of its 2007 average, total industrial production in January was 5.2 percent above its level of a year earlier. The capacity utilization rate for total industry edged down to 76.1 percent, a rate 4.4 percentage points below its average from 1972 to 2010.
Industrial production |
2007=100 | Percent change | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2010 | 2011 Jan.[p] |
2010 | 2011 Jan.[p] |
Jan. '10 to Jan. '11 |
|||||||||
Aug.[r] | Sept.[r] | Oct.[r] | Nov.[r] | Dec.[r] | Aug.[r] | Sept.[r] | Oct.[r] | Nov.[r] | Dec.[r] | ||||
Total index | 93.6 | 93.9 | 93.8 | 94.1 | 95.2 | 95.1 | .1 | .3 | .0 | .3 | 1.2 | -.1 | 5.2 |
Previous estimates | 93.7 | 94.0 | 93.8 | 94.1 | 94.9 | .2 | .3 | -.1 | .3 | .8 | |||
Major market groups | |||||||||||||
Final Products | 95.4 | 95.4 | 95.6 | 95.5 | 96.4 | 96.8 | -.1 | .0 | .2 | -.1 | 1.0 | .4 | 4.7 |
Consumer goods | 95.3 | 95.1 | 94.9 | 94.7 | 95.7 | 95.8 | -.3 | -.2 | -.2 | -.3 | 1.0 | .1 | 2.2 |
Business equipment | 94.6 | 95.2 | 96.4 | 96.8 | 97.8 | 98.7 | .3 | .6 | 1.3 | .3 | 1.0 | .9 | 11.4 |
Nonindustrial supplies | 85.4 | 85.2 | 84.9 | 85.7 | 86.2 | 86.0 | .0 | -.1 | -.4 | 1.0 | .6 | -.3 | 3.1 |
Construction | 79.1 | 79.0 | 79.4 | 80.4 | 80.3 | 80.2 | .3 | -.2 | .4 | 1.3 | .0 | -.2 | 7.2 |
Materials | 94.8 | 95.5 | 95.4 | 95.8 | 97.2 | 96.9 | .4 | .8 | -.2 | .4 | 1.5 | -.4 | 6.2 |
Major industry groups | |||||||||||||
Manufacturing (see note below) | 90.8 | 90.9 | 91.3 | 91.6 | 92.3 | 92.6 | .0 | .1 | .4 | .3 | .9 | .3 | 5.5 |
Previous estimates | 90.9 | 91.0 | 91.4 | 91.6 | 92.0 | .1 | .1 | .4 | .3 | .4 | |||
Mining | 103.0 | 104.2 | 104.9 | 103.9 | 104.4 | 103.7 | 1.9 | 1.2 | .7 | -1.0 | .5 | -.7 | 7.5 |
Utilities | 101.4 | 101.9 | 97.7 | 99.7 | 103.8 | 102.2 | -1.2 | .5 | -4.1 | 2.1 | 4.1 | -1.6 | .1 |
Capacity utilization |
Percent of capacity |
Capacity growth |
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Average 1972- 2010 |
1988- 89 high |
1990- 91 low |
1994- 95 high |
2008- 09 low |
2010 Jan. |
||||||||
2010 | 2011 Jan.[p] |
Jan. '10 to Jan. '11 |
|||||||||||
Aug.[r] | Sept.[r] | Oct.[r] | Nov.[r] | Dec.[r] | |||||||||
Total industry | 80.5 | 85.2 | 78.7 | 85.1 | 68.2 | 72.3 | 75.0 | 75.2 | 75.2 | 75.4 | 76.2 | 76.1 | .0 |
Previous estimates | 75.1 | 75.3 | 75.2 | 75.4 | 76.0 | ||||||||
Manufacturing (see note below) | 79.1 | 85.6 | 77.2 | 84.6 | 65.4 | 69.8 | 72.3 | 72.4 | 72.7 | 72.9 | 73.5 | 73.7 | .0 |
Previous estimates | 72.4 | 72.5 | 72.8 | 72.9 | 73.2 | ||||||||
Mining | 87.4 | 86.4 | 83.6 | 88.9 | 79.6 | 82.2 | 87.9 | 88.9 | 89.5 | 88.5 | 88.8 | 88.1 | .3 |
Utilities | 86.5 | 92.9 | 84.3 | 93.3 | 77.6 | 82.4 | 81.2 | 81.5 | 78.1 | 79.6 | 82.8 | 81.2 | 1.5 |
Stage-of-process groups | |||||||||||||
Crude | 86.4 | 87.8 | 84.2 | 90.0 | 78.3 | 82.6 | 87.0 | 88.2 | 88.6 | 88.3 | 89.4 | 88.6 | -.5 |
Primary and semifinished | 81.3 | 86.6 | 77.9 | 87.9 | 65.7 | 69.7 | 72.0 | 72.0 | 71.3 | 72.3 | 73.5 | 73.2 | -.4 |
Finished | 77.4 | 83.4 | 77.3 | 80.5 | 67.5 | 72.0 | 74.0 | 74.1 | 74.6 | 74.1 | 74.4 | 74.7 | 1.2 |
Market Groups
The production of consumer goods increased 0.1 percent in January. The index for consumer durables advanced 1.4 percent, and the index for consumer nondurables declined 0.3 percent. Within durables, the production of automotive products rose 3.0 percent and the output of miscellaneous consumer durables gained 0.6 percent, but the index for home electronics decreased 0.8 percent and the index for appliances, furniture, and carpeting fell 1.0 percent. Among consumer nondurables, the output of non-energy goods rose 0.2 percent, as solid gains in clothing, chemical products, and paper products were partly offset by a decline in the production of foods and tobacco products. The output of consumer energy products fell 2.0 percent in January after having risen 5.4 percent in December. The decline in energy production in January reflected drops both in the production of fuels and in residential sales by electric and natural gas utilities.
The output of business equipment rose 0.9 percent in January, and all of its major component indexes increased: Transit equipment advanced 1.2 percent, information processing equipment increased 0.6 percent, and industrial and other equipment gained 1.0 percent. The output of business equipment has risen in each of the past 11 months and in January stood 11.4 percent above its level 12 months earlier.
The production of defense and space equipment moved up 1.2 percent in January after having declined, on balance, over the previous four months.
Within nonindustrial supplies, the output of construction supplies fell 0.2 percent in January, but it was 7.2 percent above its year-earlier level. The production of business supplies declined 0.3 percent; a decrease in the output of commercial energy products more than accounted for the loss.
The production of materials fell 0.4 percent in January after having risen 1.5 percent in December. A decline of 0.6 percent in nondurable materials and a decrease of 1.0 percent in energy materials were partially offset by an increase of 0.5 percent in durable materials. The gains in durable materials were widespread across its major components. Among nondurables, the index for chemical materials, which jumped 3.2 percent in December, fell 0.9 percent in January, and the indexes for textile materials and paper materials each recorded smaller declines.
Industry Groups
Manufacturing output rose 0.3 percent in January after having increased 0.9 percent in December; the level of output in January was 5.5 percent above its year-earlier level. Capacity utilization for manufacturing was 73.7 percent, a rate 5.4 percentage points below its average for the period from 1972 to 2010.
The output of durable goods moved up 0.6 percent in January. A large gain was recorded in the index for motor vehicles and parts; smaller increases were recorded for many other industries, including fabricated metal products, machinery, computer and electronic products, aerospace and miscellaneous transportation equipment, furniture and related products, and miscellaneous manufacturing. Output decreased for wood products; nonmetallic mineral products; primary metals; and electrical equipment, appliances, and components.
Nondurable manufacturing declined 0.1 percent in January after having advanced 1.0 percent in December. The decline in production in January reflected decreases for food, beverage, and tobacco products; textile and product mills; printing and support products; and petroleum and coal products. The production of apparel and leather products moved up more than 1 percent, and the output indexes for paper, for chemicals, and for plastics and rubber products recorded smaller increases. The index for non-NAICS manufacturing industries, which comprises publishing and logging, rose 0.3 percent.
In January, mining output fell 0.7 percent, and capacity utilization declined to 88.1 percent, a rate 0.7 percentage point above its 1972-2010 average. After a sizable increase in December, the output of utilities dropped 1.6 percent in January, as production declined in both electric and natural gas utilities. The utilization rate for utilities fell to 81.2 percent.
Capacity utilization rates in January at industries grouped by stage of process were as follows: At the crude stage, utilization fell 0.8 percentage point to 88.6 percent, a rate 2.2 percentage points above its 1972-2010 average; at the primary and semifinished stages, utilization declined 0.3 percentage point to 73.2 percent, a rate 8.1 percentage points below its long-run average; and at the finished stage, utilization increased 0.3 percentage point to 74.7 percent, a rate 2.7 percentage points below its long-run average.
Ascii | Screen reader | Summary: Industrial Production and Capacity Utilization | Chart | Chart 1: Industrial Production, Capacity, and Capacity Utilization | Chart | Chart 2: Industrial Production and Capacity Utilization | Chart | Chart 3: Industrial Production and Capacity Utilization, High Technology Industries |
Ascii | Screen reader | Table 1: Industrial Production: Market and Industry Groups (percent change) |
Ascii | Screen reader | Table 2: Industrial Production: Special Aggregates and Selected Detail (percent change) |
Ascii | Screen reader | Table 3: Motor Vehicle Assemblies |
Ascii | Screen reader | Table 4: Industrial Production Indexes: Market and Industry Group Summary |
Ascii | Screen reader | Table 5: Industrial Production Indexes: Special Aggregates |
Ascii | Screen reader | Table 6: Diffusion Indexes of Industrial Production |
Ascii | Screen reader | Table 7: Capacity Utilization: Manufacturing, Mining, and Utilities |
Ascii | Screen reader | Table 8: Industrial Capacity: Manufacturing, Mining, and Utilities (percent change) |
Ascii | Screen reader | Table 9: Industrial Production: Gross Value of Products and Nonindustrial Supplies |
Ascii | Screen reader | Table 10: Gross-Value-Weighted Industrial Production: Stage-of-Process Groups |
Ascii | Screen reader | Table 11: Historical Statistics for IP, Capacity, and Utilization: Total Industry |
Ascii | Screen reader | Table 12: Historical Statistics for IP, Capacity, and Utilization: Manufacturing |
Ascii | Screen reader | Table 13: Historical Statistics for IP, Capacity, and Utilization: Total Industry excluding Selected High-Technology Industries |
Ascii | Screen reader | Table 14: Historical Statistics for IP, Capacity, and Utilization: Manufacturing excluding Selected High-Technology Industries |