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) [2]
1997	.1	1.4	1.0	-.2	.7	.7	.7	1.3	.9	.9	1.1	.4	9.4	7.0	10.5	11.4	8.4
1998	.8	.1	-.1	.5	.5	-.8	-.4	2.4	-.2	1.0	.2	.5	6.1	2.1	3.3	8.0	6.7
1999	.3	.8	-.1	.4	.9	-.3	.5	.6	-.4	1.5	.6	.7	5.1	4.5	3.2	8.7	5.1
2000	.1	.2	.6	.7	-.1	.2	.1	-.7	.4	-.3	-.3	-.6	4.5	4.8	-.4	-2.4	4.1
2001	-.6	-.6	-.2	-.3	-.6	-.7	-.5	-.5	-.2	-.6	-.3	.3	-6.0	-5.2	-5.8	-3.8	-3.7
2002	.6	.0	.8	.2	.5	1.1	-.3	.2	.1	-.4	.5	-.5	3.6	5.8	3.1	-.3	.5
2003	.7	-.1	.1	-.9	.1	.5	.2	-.4	.8	.1	1.0	-.2	2.1	-2.2	2.5	4.4	1.3
2004	.0	.8	-.2	.4	.8	-.7	.9	.5	.0	1.0	-.1	.7	2.6	3.3	4.0	5.5	3.1
2005	.7	.8	-.5	.4	.3	.1	-.3	.5	-1.0	1.5	.8	.2	6.6	2.3	-.7	6.4	4.1
2006	.8	-.3	.0	.5	-.4	.4	-.3	.7	.1	-.4	.0	1.4	3.8	.8	1.0	1.5	2.6
2007	-.5	.4	.9	.7	-.1	.3	.1	-.3	.5	-.3	.6	.1	4.0	5.9	1.1	1.2	2.8
2008	-.4	-.6	-.3	-1.1	-.5	-.7	-1.2	-1.2	-3.5	-.6	-2.4	-3.5	-2.6	-8.2	-14.0	-21.9	-4.8
2009	-3.0	-.1	-1.9	-.7	-1.1	-.3	1.5	1.1	.9	.2	1.0	-.2	-24.4	-10.6	8.1	7.1	-13.8
2010	1.1	.0	1.2	.8	1.4	-.1	.6	.1	.0	.1	.0	.5	6.9	10.4	4.2	1.2	5.8
2011	.2	.1	.6	-.6	.1	.1	.6	.4	.3	.5	-.3	.7	3.1	-.1	4.5	3.8	2.9
2012	.8	.3	-.5	.5	-.4	.2	-.1	-.2	-.1	-.4	.7	.8	5.2	.6	-1.1	1.2	2.6
2013	-.3	.5	-.1	-.4	.3	.2	-.9	.9	.1	.1	.0	.0	2.9	-.1	-.1	1.7	.9
2014	-1.1	1.0	.8	-.2	.3	.4	.4	-.5	.0	-.1	.8	-.3	-.8	4.3	1.6	.5	1.1
2015	-.4	-.7	.3	-.1	.0	-.4	.7	-.3	-.4	.0	-.3	-.3	-2.9	-1.2	.2	-2.8	-.5
2016	.7	-.6	-.2	-.4	.0	.3	.3	-.4	.4	.3	.1	.3	-.3	-2.4	1.2	2.5	-.8
2017	.6	-.1	-.3	1.1	-.2	.1	-.2	-.3	-.2	1.3	.3	-.1	3.0	3.4	-1.6	5.3	2.0
2018	-.4	1.1	.0	.4	-.8	.7	.4	.4	.0	-.1	.2	.6	1.6	2.0	3.6	1.5	2.3
2019	-.6	-.5	-.1	-.9	.1	.6	-.4	.5					-1.8	-3.1
IP (2012 = 100)
2017	102.0	102.0	101.7	102.8	102.6	102.8	102.6	102.3	102.1	103.5	103.8	103.7	101.9	102.7	102.3	103.7	102.7
2018	103.3	104.4	104.5	104.9	104.1	104.8	105.2	105.7	105.7	105.6	105.8	106.4	104.1	104.6	105.5	105.9	105.0
2019	105.8	105.3	105.2	104.3	104.5	105.1	104.7	105.2					105.5	104.6
Capacity (percent of 2012 output)
2017	136.5	136.5	136.6	136.6	136.6	136.7	136.7	136.7	136.7	136.7	136.7	136.7	136.5	136.6	136.7	136.7	136.6
2018	136.8	136.8	136.9	136.9	137.0	137.1	137.2	137.3	137.4	137.5	137.6	137.7	136.8	137.0	137.3	137.6	137.2
2019	137.9	138.0	138.2	138.3	138.5	138.7	138.8	139.0					138.0	138.5
Utilization (percent)
1997	82.2	82.9	83.2	82.6	82.7	82.7	82.8	83.2	83.4	83.5	83.8	83.5	82.8	82.7	83.1	83.6	83.0
1998	83.6	83.1	82.4	82.2	82.0	80.8	80.0	81.5	80.8	81.2	80.9	80.9	83.0	81.7	80.8	81.0	81.6
1999	80.7	81.0	80.5	80.5	80.8	80.2	80.2	80.4	79.7	80.6	80.7	80.9	80.7	80.5	80.1	80.7	80.5
2000	80.7	80.5	80.7	80.9	80.5	80.3	80.1	79.3	79.3	78.8	78.3	77.6	80.6	80.6	79.6	78.2	79.7
2001	76.8	76.1	75.7	75.2	74.5	73.8	73.3	72.8	72.5	71.9	71.6	71.7	76.2	74.5	72.9	71.8	73.8
2002	72.1	71.9	72.4	72.5	72.9	73.6	73.4	73.5	73.6	73.3	73.6	73.3	72.1	73.0	73.5	73.4	73.0
2003	73.8	73.7	73.8	73.2	73.3	73.7	73.9	73.6	74.2	74.3	75.1	75.0	73.8	73.4	73.9	74.8	74.0
2004	75.0	75.6	75.5	75.8	76.4	75.9	76.6	76.9	76.9	77.6	77.5	77.9	75.4	76.1	76.8	77.7	76.5
2005	78.4	79.0	78.4	78.6	78.7	78.6	78.2	78.4	77.5	78.5	78.9	78.9	78.6	78.6	78.0	78.8	78.5
2006	79.4	79.1	78.9	79.2	78.7	78.9	78.5	78.9	78.8	78.3	78.2	79.1	79.1	78.9	78.7	78.5	78.8
2007	78.5	78.6	79.1	79.4	79.1	79.2	79.1	78.7	78.9	78.6	78.9	78.9	78.7	79.3	78.9	78.8	78.9
2008	78.6	78.1	77.8	77.0	76.7	76.2	75.4	74.6	72.1	71.8	70.2	67.8	78.2	76.6	74.1	69.9	74.7
2009	65.9	65.9	64.7	64.4	63.8	63.7	64.7	65.6	66.2	66.5	67.2	67.2	65.5	64.0	65.5	66.9	65.5
2010	68.0	68.1	69.0	69.7	70.8	70.9	71.4	71.6	71.7	71.9	72.0	72.5	68.4	70.5	71.6	72.1	70.7
2011	72.7	72.8	73.3	72.9	73.0	73.1	73.5	73.8	74.0	74.3	74.0	74.5	72.9	73.0	73.8	74.3	73.5
2012	75.0	75.1	74.7	75.0	74.6	74.7	74.5	74.2	74.1	73.8	74.2	74.7	74.9	74.8	74.3	74.2	74.5
2013	74.4	74.7	74.5	74.2	74.4	74.5	73.8	74.4	74.5	74.5	74.5	74.5	74.5	74.4	74.2	74.5	74.4
2014	73.6	74.4	75.0	74.9	75.2	75.5	75.8	75.5	75.5	75.5	76.1	75.9	74.3	75.2	75.6	75.8	75.2
2015	75.7	75.2	75.5	75.5	75.5	75.2	75.8	75.5	75.2	75.1	74.9	74.6	75.5	75.4	75.5	74.9	75.3
2016	75.1	74.6	74.3	74.0	73.9	74.0	74.1	73.8	74.0	74.1	74.1	74.4	74.7	74.0	74.0	74.2	74.2
2017	74.8	74.7	74.5	75.3	75.1	75.2	75.1	74.8	74.7	75.7	75.9	75.8	74.6	75.2	74.9	75.8	75.1
2018	75.5	76.3	76.3	76.6	76.0	76.5	76.7	77.0	76.9	76.8	76.9	77.3	76.1	76.4	76.9	77.0	76.6
2019	76.7	76.3	76.2	75.4	75.4	75.8	75.4	75.7					76.4	75.5

[1] The composition of manufacturing is specified in a note for the summary table.
[2] Quarterly percentage changes are at annual rates. Annual percentage changes are calculated from annual averages.