Current Release PDF  ASCII RSS DDP

Release Date: August 15, 2019

Industrial production declined 0.2 percent in July. Manufacturing output decreased 0.4 percent last month and has fallen more than 1-1/2 percent since December 2018. In July, mining output fell 1.8 percent, as Hurricane Barry caused a sharp but temporary decline in oil extraction in the Gulf of Mexico. The index for utilities rose 3.1 percent. At 109.2 percent of its 2012 average, total industrial production was 0.5 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector decreased 0.3 percentage point in July to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2018) average.

Industrial Production and Capacity Utilization: Summary
Seasonally adjusted
Industrial production 2012=100 Percent change
2019 2019 July '18 to
July '19
Feb.[r] Mar.[r] Apr.[r] May[r] June[r] July[p] Feb.[r] Mar.[r] Apr.[r] May[r] June[r] July[p]
       
Total index 109.6 109.7 109.0 109.2 109.4 109.2 -.5 .1 -.6 .2 .2 -.2 .5
Previous estimates 109.6 109.7 109.2 109.6 109.6   -.5 .1 -.5 .4 .0    
       
Major market groups
Final Products 103.6 104.3 102.6 103.2 103.7 103.8 -.1 .7 -1.7 .6 .5 .1 .7
Consumer goods 105.8 106.5 104.5 105.3 105.7 105.9 .4 .6 -1.9 .7 .4 .2 .0
Business equipment 101.8 102.6 100.9 101.5 102.1 101.7 -1.3 .7 -1.7 .6 .7 -.4 1.0
Nonindustrial supplies 108.4 108.2 107.6 108.0 108.4 107.7 -1.0 -.2 -.6 .4 .4 -.6 -.5
Construction 115.9 116.1 115.4 116.0 117.1 115.9 -1.6 .2 -.6 .6 .9 -1.0 1.2
Materials 114.8 114.4 114.7 114.6 114.4 114.0 -.7 -.3 .3 -.1 -.2 -.3 .6
       
Major industry groups
Manufacturing (see note below) 105.3 105.2 104.3 104.5 105.1 104.7 -.5 -.1 -.8 .1 .6 -.4 -.5
Previous estimates 105.3 105.2 104.6 104.8 105.2   -.5 .0 -.7 .2 .4    
Mining 130.3 130.1 133.2 132.7 133.6 131.2 -1.3 -.2 2.4 -.3 .6 -1.8 5.5
Utilities 105.0 106.8 103.3 105.2 101.7 104.9 .6 1.7 -3.3 1.8 -3.3 3.1 .3
Market Groups

The indexes for consumer goods and for defense and space equipment both increased in July, but the other major market groups posted declines. The production of construction supplies fell 1.0 percent, while the indexes for materials, business equipment, and business supplies each decreased less than 1/2 percent. The weakness for materials reflected cutbacks for all of its major components. The advance for consumer goods primarily resulted from a large gain for consumer energy products and from a smaller increase for automotive products.

Industry Groups

Manufacturing output declined 0.4 percent in July, with durables, nondurables, and other manufacturing (publishing and logging) all posting decreases. Production fell for most major durable goods categories. The largest declines were recorded by wood products, machinery, and nonmetallic mineral products, while the only sizable gain was registered by aerospace and miscellaneous transportation equipment. Paper products posted the only increase among nondurables; the indexes for textile and product mills, for printing and support, and for plastics and rubber products each fell 1.0 percent or more.

The output of utilities rose 3.1 percent in July after having fallen a similar amount in June. Despite declining 1.8 percent in July, the index for mining was 5.5 percent above its year-earlier level.

Capacity utilization for manufacturing declined 0.4 percentage point in July to 75.4 percent, a rate that is 2.9 percentage points lower than its long-run average. The operating rate for durable manufacturing declined 0.3 percentage point, and the rate for nondurable manufacturing decreased 0.5 percentage point. The utilization rate for mining fell to 89.2 percent, which is about 2 percentage points above its long-run average. The rate for utilities increased 2.1 percentage points but remained well below its long-run average.

Release Dates for 2020

In 2020, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 17, February 14, March 17, April 15, May 15, June 16, July 15, August 14, September 15, October 16, November 17, and December 15.

G.17 Release Tables:

Back to Top
Last Update: August 15, 2019