Industrial Production and Capacity Utilization - G.17
Current Release (250 KB PDF) (ASCII)
NOTE: The data contained in this release DO NOT include the results of the annual revision published on March 30, 2012. Therefore, the data displayed on these pages will not match what is displayed in the annual revision release or the historical data download files. The annual revision release contains an updated version of this summary table. The next monthly release on April 17 will update these pages with data consistent with the annual revision.
Industrial production was unchanged in February after having risen 0.4 percent in January. Previously, industrial production was reported to have been unchanged in January. Manufacturing output moved up 0.3 percent in February. Within manufacturing, the index for motor vehicles and parts fell 1.1 percent after jumping 8.6 percent in January, but the index for manufacturing excluding motor vehicles and parts increased 0.4 percent in February. Production at mines fell 1.2 percent, while the output of utilities was unchanged. At 96.2 percent of its 2007 average, total industrial production for February was 4.0 percent above its year-earlier level. Capacity utilization for total industry edged down to 78.7 percent, a rate 1.2 percentage points above its level from a year earlier but 1.6 percentage points below its long-run (1972--2011) average.
Industrial Production and Capacity Utilization: Summary
Industrial production | 2007=100 | Percent change | |||||||||||
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2011 | 2012 | 2011 | 2012 | Feb. '11 to Feb. '12 |
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Sept.[r] | Oct.[r] | Nov.[r] | Dec.[r] | Jan.[r] | Feb.[p] | Sept.[r] | Oct.[r] | Nov.[r] | Dec.[r] | Jan.[r] | Feb.[p] | ||
Total index | 94.5 | 94.9 | 94.9 | 95.8 | 96.2 | 96.2 | .1 | .4 | .0 | .9 | .4 | .0 | 4.0 |
Previous estimates | 94.5 | 95.0 | 94.9 | 95.9 | 95.9 | .1 | .5 | .0 | 1.0 | .0 | |||
Major market groups | |||||||||||||
Final Products | 96.1 | 96.7 | 96.4 | 97.0 | 97.9 | 98.1 | .0 | .5 | -.3 | .6 | 1.0 | .2 | 4.0 |
Consumer goods | 93.9 | 94.1 | 93.5 | 94.0 | 94.4 | 94.4 | -.2 | .2 | -.7 | .5 | .5 | .0 | 1.5 |
Business equipment | 99.0 | 100.3 | 100.8 | 102.2 | 104.3 | 104.9 | .6 | 1.4 | .5 | 1.4 | 2.1 | .6 | 10.8 |
Nonindustrial supplies | 85.2 | 85.0 | 84.4 | 85.7 | 85.8 | 86.2 | .4 | -.3 | -.7 | 1.5 | .1 | .5 | 3.9 |
Construction | 77.1 | 76.7 | 76.9 | 79.2 | 79.1 | 80.0 | .1 | -.4 | .2 | 3.0 | -.1 | 1.1 | 7.5 |
Materials | 96.3 | 96.8 | 97.3 | 98.3 | 98.2 | 97.9 | .2 | .6 | .5 | 1.0 | -.1 | -.3 | 4.1 |
Major industry groups | |||||||||||||
Manufacturing (see note below) | 91.1 | 91.6 | 91.4 | 92.8 | 93.8 | 94.0 | .4 | .5 | -.2 | 1.5 | 1.1 | .3 | 5.1 |
Previous estimates | 91.1 | 91.6 | 91.4 | 92.8 | 93.5 | .4 | .5 | -.2 | 1.5 | .7 | |||
Mining | 108.6 | 110.1 | 110.9 | 111.8 | 110.1 | 108.8 | .0 | 1.3 | .8 | .8 | -1.6 | -1.2 | 6.1 |
Utilities | 101.7 | 100.4 | 100.5 | 97.4 | 95.3 | 95.3 | -1.4 | -1.2 | .1 | -3.0 | -2.2 | .0 | -5.6 |
Capacity utilization | Percent of capacity | Capacity growth |
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---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Average 1972- 2011 |
1988- 89 high |
1990- 91 low |
1994- 95 high |
2009 low |
2011 Feb. |
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2011 | 2012 | Feb. '11 to Feb. '12 |
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Sept.[r] | Oct.[r] | Nov.[r] | Dec.[r] | Jan.[r] | Feb.[p] | ||||||||
Total industry | 80.3 | 85.2 | 78.8 | 85.1 | 67.3 | 76.5 | 77.7 | 77.9 | 77.9 | 78.5 | 78.8 | 78.7 | 1.2 |
Previous estimates | 77.7 | 78.0 | 77.9 | 78.6 | 78.5 | ||||||||
Manufacturing (see note below) | 78.9 | 85.5 | 77.3 | 84.7 | 64.4 | 74.4 | 75.3 | 75.6 | 75.4 | 76.5 | 77.3 | 77.4 | 1.0 |
Previous estimates | 75.3 | 75.6 | 75.4 | 76.5 | 77.0 | ||||||||
Mining | 87.4 | 86.3 | 83.8 | 88.5 | 79.0 | 86.8 | 90.7 | 91.9 | 92.5 | 93.1 | 91.6 | 90.5 | 1.8 |
Utilities | 86.4 | 92.9 | 84.3 | 93.3 | 79.2 | 80.0 | 79.8 | 78.7 | 78.7 | 76.2 | 74.4 | 74.3 | 1.6 |
Stage-of-process groups | |||||||||||||
Crude | 86.4 | 87.7 | 84.3 | 89.6 | 77.6 | 86.1 | 89.0 | 89.9 | 90.3 | 90.7 | 90.1 | 89.1 | 1.2 |
Primary and semifinished | 81.1 | 86.5 | 77.9 | 87.9 | 64.9 | 73.7 | 74.8 | 74.5 | 74.6 | 75.1 | 75.0 | 75.2 | .3 |
Finished | 77.3 | 83.3 | 77.4 | 80.7 | 66.8 | 75.9 | 76.3 | 77.0 | 76.5 | 77.4 | 78.4 | 78.4 | 2.1 |
Market Groups
The production of consumer goods was unchanged in February. The index for durable consumer goods decreased 0.5 percent, as declines in the output of automotive products and of appliances, furniture, and carpeting were only partly offset by gains in the production of both home electronics and miscellaneous goods. The production of nondurable consumer goods edged up 0.1 percent. The index for consumer energy products rose 0.6 percent, with small gains in both fuels and residential utilities. The output of non-energy nondurable consumer goods was steady, as a step-up for foods and tobacco was offset by lower output for clothing, chemical products, and paper products.
In February, the production of business equipment rose 0.6 percent and was 10.8 percent above its year-earlier level. The index for information processing equipment moved up 1.0 percent last month for its third consecutive gain of 1 percent or more. The production of transit equipment increased 0.9 percent; over the 12 months ending in February, this index advanced 24.4 percent, with large gains in the output of trucks, civilian aircraft, railroad rolling stock, and miscellaneous transportation equipment. The output of industrial and other equipment increased 0.2 percent in February, its seventh consecutive monthly rise.
The index for defense and space equipment advanced 1.1 percent in February following a gain of 0.8 percent in January.
The production of construction supplies rose 1.1 percent in February. This index has advanced 7.5 percent over the past 12 months but nevertheless remained more than 20 percent below its level preceding the recession. The index for business supplies moved up 0.2 percent in February after a similarly sized gain in January.
The output of materials to be further processed in the industrial sector moved down 0.3 percent in February. The index for durable materials was up 0.5 percent after having advanced 1 percent or more in each of the three previous months. Among the major categories of durable materials, both equipment parts and other durable materials rose in February, but consumer parts fell. The production of nondurable materials decreased 0.3 percent, with losses in chemical materials partly offset by increases for both textile and paper materials. The output index for energy materials fell 0.9 percent, its third consecutive monthly decline.
Industry Groups
Manufacturing output increased 0.3 percent in February to a level that was 5.1 percent higher than a year earlier. Production rose 1.1 percent in January, 0.4 percentage point more than reported previously; higher output of food, transportation equipment, and primary metals contributed importantly to the revision. The factory operating rate moved up 0.1 percentage point in February to 77.4 percent, a rate 13.0 percentage points above its trough in June 2009 but still 1.5 percentage points below its long-run average.
Within manufacturing, the output of durable goods increased 0.4 percent in February and was 8.5 percent above its year-earlier level. Output gains of more than 1 percent were recorded in February for nonmetallic mineral products; fabricated metal products; aerospace and miscellaneous transportation equipment; and electrical equipment, appliances, and components. Production declined in February for primary metals, machinery, and motor vehicles and parts; each of these indexes had risen briskly in January.
The production of nondurable goods edged up 0.1 percent in February. Among the major components of nondurables, the indexes for petroleum and coal products and for plastics and rubber products posted the largest increases. Production also rose for food, beverage, and tobacco products; textile and product mills; and paper. The only major indexes that posted declines were for apparel and leather and for chemicals. The index for other manufacturing (non-NAICS), which consists of publishing and logging, moved down 0.3 percent.
Mining production decreased 1.2 percent in February, as the extraction of natural gas declined for a second consecutive month and coal production fell. Capacity utilization in mining decreased to 90.5 percent but was still 3.1 percentage points above its long-run average. The output of utilities was unchanged, in part as temperatures in February stayed mild following an unseasonably warm January. The operating rate for utilities in February decreased to 74.3 percent, a rate 12.1 percentage points below its long-run average.
Capacity utilization rates in February at industries grouped by stage of process were as follows: At the crude stage, utilization declined 1.0 percentage point to 89.1 percent, a rate 2.7 percentage points above its long-run average; at the primary and semifinished stages, utilization increased 0.2 percentage point to 75.2 percent, a rate 5.9 percentage points below its long-run average; and at the finished stage, utilization was steady at 78.4 percent, a rate 1.1 percentage points above its long-run average.