Board of Governors of the Federal Reserve System

Seasonally adjusted

Industrial production	2012=100						Percent change
	2016			2017			2016			2017			Mar. '16 to Mar. '17
	Oct.[r]	Nov.[r]	Dec.[r]	Jan.[r]	Feb.[r]	Mar.[p]	Oct.[r]	Nov.[r]	Dec.[r]	Jan.[r]	Feb.[r]	Mar.[p]
Total index	103.2	103.0	103.8	103.5	103.5	104.1	.2	-.2	.8	-.3	.1	.5	1.5
Previous estimates	103.2	103.0	103.8	103.6	103.7		.2	-.2	.7	-.1	.1
Major market groups
Final Products	100.5	99.8	101.1	100.4	100.0	100.8	.0	-.6	1.3	-.7	-.4	.8	1.3
Consumer goods	104.7	103.7	105.2	104.0	103.3	104.6	-.1	-1.0	1.4	-1.1	-.7	1.2	1.2
Business equipment	99.0	98.9	99.8	99.8	99.9	99.5	.3	-.1	.9	.0	.1	-.4	.7
Nonindustrial supplies	104.2	104.6	104.9	104.9	105.3	105.8	.0	.4	.2	.0	.4	.4	1.8
Construction	108.2	109.3	109.0	110.6	112.2	111.3	.6	1.0	-.3	1.4	1.4	-.8	2.3
Materials	104.8	104.7	105.3	105.3	105.6	106.0	.4	.0	.5	.0	.4	.4	1.7
Major industry groups
Manufacturing (see note below)	102.2	102.4	102.6	103.0	103.3	102.9	.2	.2	.2	.4	.3	-.4	.8
Previous estimates	102.2	102.4	102.5	103.1	103.6		.2	.2	.1	.6	.5
Mining	102.3	102.3	101.8	103.1	106.1	106.2	2.0	.0	-.5	1.3	2.9	.1	2.9
Utilities	102.7	99.3	106.1	99.0	93.2	101.3	-1.9	-3.2	6.9	-6.8	-5.8	8.6	4.6

br>r Revised. p Preliminary.
Note. The statistics in this release cover output, capacity, and capacity utilization in the
U.S. 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 (NAICS); electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing 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.

Seasonally adjusted

Capacity utilization	Percent of capacity												Capacity growth
	Average 1972- 2016	1988- 89 high	1990- 91 low	1994- 95 high	2009 low	2016 Mar.
							2016			2017			Mar. '16 to Mar. '17
							Oct.[r]	Nov.[r]	Dec.[r]	Jan.[r]	Feb.[r]	Mar.[p]
Total industry	79.9	85.2	78.8	85.0	66.7	75.4	75.7	75.5	76.0	75.7	75.7	76.1	.6
Previous estimates							75.8	75.6	76.0	75.9	75.9
Manufacturing (see note below)	78.4	85.6	77.3	84.6	63.7	75.2	75.0	75.1	75.2	75.4	75.6	75.3	.7
Previous estimates							75.0	75.1	75.1	75.5	75.8
Mining	87.0	86.1	83.8	88.6	78.4	78.4	79.4	79.4	79.0	79.8	82.0	81.9	-1.6
Utilities	85.6	93.2	84.7	93.2	78.1	73.7	77.1	74.5	79.5	74.0	69.7	75.7	1.9
Stage-of-process groups
Crude	86.1	87.7	84.5	90.1	76.3	78.6	79.4	80.0	79.6	80.2	81.5	81.5	-1.0
Primary and semifinished	80.5	86.5	78.1	87.8	63.8	74.6	75.2	74.8	75.9	75.0	74.6	75.6	1.0
Finished	76.9	83.4	77.3	80.6	66.7	75.1	74.8	74.6	74.9	74.9	74.8	74.6	.7

r Revised. p Preliminary.
Note. The statistics in this release cover output, capacity, and capacity utilization in the
U.S. 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 (NAICS); electric and gas utilities are those in
NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing 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.