Board of Governors of the Federal Reserve System

Seasonally adjusted                                                                                                                                        

Year	Jan.	Feb.	Mar.	Apr.	May	June	July	Aug.	Sept.	Oct.	Nov.	Dec.	Q1	Q2	Q3	Q4	Annual
IP (percent change) [1]
1997	.1	1.2	.7	.0	.6	.5	.8	1.0	.9	.9	.9	.3	7.9	5.9	9.5	10.5	7.2
1998	.5	.1	.1	.4	.6	-.6	-.3	2.1	-.2	.8	-.1	.4	4.6	2.7	3.0	5.9	5.8
1999	.5	.5	.2	.3	.7	-.2	.6	.4	-.4	1.3	.5	.8	4.5	3.9	3.6	7.3	4.4
2000	.0	.3	.4	.7	.2	.1	-.1	-.3	.4	-.3	.0	-.3	4.1	5.0	-.4	-.9	3.9
2001	-.6	-.6	-.3	-.3	-.6	-.6	-.6	-.1	-.4	-.4	-.5	.0	-5.1	-5.0	-5.4	-4.1	-3.1
2002	.6	.0	.8	.4	.4	1.0	-.2	.0	.1	-.3	.5	-.5	3.0	6.3	2.3	-.1	.4
2003	.6	.3	-.2	-.7	.0	.2	.4	-.2	.6	.1	.8	-.1	2.3	-2.7	2.6	4.0	1.3
2004	.3	.6	-.5	.4	.8	-.8	.8	.1	.1	.9	.2	.7	2.8	2.3	2.3	5.8	2.7
2005	.5	.7	-.1	.2	.1	.4	-.3	.3	-1.9	1.3	1.0	.6	5.9	2.0	-1.8	3.9	3.3
2006	.1	.0	.2	.4	-.1	.4	.0	.4	-.2	-.1	-.1	1.1	3.8	2.4	1.5	.9	2.3
2007	-.5	1.0	.2	.7	.0	.0	.0	.2	.4	-.4	.6	.0	3.6	5.0	1.0	1.2	2.5
2008	-.3	-.3	-.2	-.8	-.6	-.2	-.5	-1.5	-4.3	1.0	-1.3	-2.9	-1.4	-5.8	-12.6	-16.0	-3.5
2009	-2.4	-.7	-1.6	-.8	-1.0	-.4	1.1	1.1	.8	.3	.4	.3	-20.7	-10.9	6.2	6.5	-11.5
2010	1.2	.4	.7	.4	1.4	.1	.4	.3	.2	-.3	.0	.9	8.1	8.0	5.3	1.3	5.5
2011	-.1	-.4	1.0	-.3	.2	.3	.5	.6	-.1	.7	-.1	.5	2.3	1.6	4.7	4.1	3.1
2012	.6	.3	-.5	.8	.2	.0	.3	-.4	.0	.2	.5	.3	4.0	2.6	.1	2.1	3.0
2013	.0	.5	.4	-.1	.1	.2	-.5	.7	.5	-.1	.3	.3	3.3	1.7	1.2	3.0	2.0
2014	-.5	.9	1.0	.1	.3	.3	.1	-.1	.3	.0	.8	-.1	3.0	5.7	2.1	2.7	3.1
2015	-.6	-.4	-.3	-.5	-.5	-.4	.5	-.1	-.4	-.4	-.6	-.5	-3.2	-5.0	-.3	-4.7	-1.0
2016	.7	-.7	-.8	.2	-.1	.3	.2	-.1	-.1	.1	-.2	.9	-1.9	-2.1	1.1	.7	-1.9
2017	-.2	-.4	.6	1.0	.0	.1	-.1	-.4	.0	1.5	.5	.5	1.0	5.0	-1.5	7.7	1.6
2018	-.3	.5	.5	1.1	-.8	.6	.4	.9	.2	.1	.6	.1	2.5	5.2	4.9	4.0	4.1
2019	-.4	.1
IP (2012=100)
2017	102.5	102.2	102.7	103.7	103.7	103.8	103.6	103.2	103.2	104.8	105.3	105.8	102.5	103.7	103.3	105.3	103.7
2018	105.4	105.9	106.4	107.7	106.8	107.4	107.9	108.8	109.1	109.2	109.8	109.9	105.9	107.3	108.6	109.7	108.0
2019	109.5	109.7
Capacity (percent of 2012 output)
2017	135.9	136.0	136.0	136.0	136.1	136.1	136.2	136.3	136.4	136.5	136.6	136.8	136.0	136.1	136.3	136.6	136.2
2018	137.0	137.2	137.4	137.6	137.9	138.1	138.4	138.6	138.9	139.1	139.4	139.6	137.2	137.9	138.6	139.4	138.3
2019	139.9	140.2
Utilization (percent)
1997	83.3	83.9	84.0	83.6	83.6	83.6	83.7	84.1	84.4	84.6	84.7	84.5	83.7	83.6	84.1	84.6	84.0
1998	84.3	83.9	83.4	83.2	83.2	82.2	81.4	82.6	82.1	82.3	81.9	81.8	83.9	82.8	82.0	82.0	82.7
1999	81.8	81.9	81.7	81.6	81.8	81.4	81.6	81.6	81.0	81.8	81.9	82.2	81.8	81.6	81.4	81.9	81.7
2000	81.9	81.9	81.9	82.2	82.1	81.9	81.5	81.0	81.1	80.6	80.3	79.9	81.9	82.1	81.2	80.2	81.4
2001	79.1	78.4	77.9	77.5	76.8	76.1	75.5	75.2	74.8	74.3	73.8	73.6	78.5	76.8	75.2	73.9	76.1
2002	74.0	73.8	74.3	74.6	74.8	75.5	75.3	75.2	75.3	75.1	75.5	75.2	74.1	74.9	75.3	75.3	74.9
2003	75.6	75.9	75.8	75.3	75.3	75.5	75.8	75.7	76.2	76.3	76.9	76.8	75.8	75.3	75.9	76.7	75.9
2004	77.1	77.5	77.2	77.5	78.1	77.5	78.1	78.2	78.2	78.9	79.1	79.6	77.3	77.7	78.2	79.2	78.1
2005	79.9	80.4	80.2	80.2	80.2	80.4	80.1	80.2	78.6	79.5	80.2	80.6	80.2	80.3	79.6	80.1	80.0
2006	80.5	80.4	80.5	80.7	80.5	80.7	80.5	80.7	80.3	80.1	79.9	80.5	80.5	80.6	80.5	80.2	80.4
2007	79.9	80.5	80.5	80.9	80.8	80.7	80.6	80.7	80.9	80.6	81.0	81.1	80.3	80.8	80.7	80.9	80.7
2008	80.9	80.7	80.6	80.0	79.6	79.4	79.0	77.8	74.3	75.0	74.0	71.7	80.7	79.7	77.0	73.6	77.8
2009	70.0	69.4	68.3	67.7	67.0	66.7	67.5	68.3	68.9	69.2	69.6	69.9	69.2	67.1	68.2	69.6	68.5
2010	70.9	71.3	71.9	72.3	73.5	73.8	74.2	74.6	74.9	74.8	74.9	75.6	71.3	73.2	74.6	75.1	73.6
2011	75.6	75.3	76.0	75.7	75.8	76.0	76.3	76.6	76.5	76.9	76.7	77.0	75.6	75.8	76.5	76.9	76.2
2012	77.4	77.4	76.9	77.4	77.4	77.2	77.3	76.9	76.8	76.8	77.1	77.2	77.2	77.3	77.0	77.1	77.2
2013	77.1	77.4	77.6	77.5	77.4	77.5	77.1	77.6	77.9	77.7	77.9	78.1	77.4	77.5	77.5	77.9	77.6
2014	77.6	78.2	78.9	78.9	79.1	79.2	79.2	79.1	79.2	79.1	79.6	79.4	78.3	79.1	79.2	79.4	79.0
2015	78.8	78.4	78.1	77.7	77.3	76.9	77.3	77.2	76.9	76.6	76.1	75.7	78.5	77.3	77.1	76.1	77.3
2016	76.3	75.7	75.1	75.2	75.0	75.3	75.4	75.3	75.1	75.2	75.0	75.7	75.7	75.2	75.2	75.3	75.3
2017	75.4	75.1	75.5	76.2	76.2	76.2	76.1	75.7	75.7	76.8	77.1	77.3	75.4	76.2	75.8	77.0	76.1
2018	77.0	77.2	77.5	78.2	77.5	77.8	78.0	78.5	78.5	78.5	78.8	78.7	77.2	77.8	78.3	78.7	78.0
2019	78.3	78.2

[1] Quarterly percent changes are at annual rates. Annual percentage changes are calculated from annual averages.