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	5.8	9.5	10.4	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	-.2	-.3	.4	-.3	.0	-.3	4.1	4.9	-.4	-.8	3.9
2001	-.6	-.6	-.2	-.3	-.6	-.6	-.6	-.1	-.4	-.4	-.5	.0	-5.2	-5.0	-5.4	-4.1	-3.1
2002	.6	.0	.8	.4	.4	1.0	-.2	.0	.1	-.3	.5	-.5	3.0	6.4	2.4	-.1	.4
2003	.8	.1	-.2	-.7	.0	.2	.4	-.1	.6	.1	.8	-.1	2.5	-3.0	2.7	4.0	1.3
2004	.3	.6	-.5	.5	.8	-.8	.8	.1	.1	1.0	.2	.7	2.8	2.3	2.2	5.8	2.7
2005	.5	.7	-.2	.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	1.0	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	1.1	1.2	2.5
2008	-.3	-.3	-.2	-.8	-.6	-.2	-.5	-1.5	-4.3	1.0	-1.3	-2.9	-1.5	-5.8	-12.5	-16.0	-3.5
2009	-2.4	-.6	-1.6	-.8	-1.0	-.4	1.1	1.1	.8	.3	.4	.3	-20.6	-10.9	6.1	6.4	-11.5
2010	1.2	.4	.7	.4	1.5	.1	.4	.3	.2	-.3	.0	1.0	8.1	8.1	5.3	1.3	5.5
2011	-.1	-.4	1.0	-.4	.2	.3	.5	.6	.0	.7	-.1	.6	2.3	1.6	4.8	4.0	3.1
2012	.6	.2	-.5	.8	.2	.0	.3	-.5	.0	.2	.5	.4	3.9	2.6	.0	2.1	3.0
2013	-.1	.6	.4	-.2	.1	.2	-.4	.7	.5	-.2	.3	.3	3.2	1.7	1.4	2.8	2.0
2014	-.4	.8	1.0	.0	.4	.4	.2	-.1	.3	.0	.8	-.1	3.1	5.5	2.4	2.7	3.1
2015	-.5	-.5	-.3	-.6	-.4	-.3	.6	-.2	-.4	-.4	-.7	-.6	-3.0	-5.3	-.1	-5.1	-1.0
2016	.8	-.7	-.8	.1	-.1	.4	.3	-.1	.0	.2	-.2	.9	-2.1	-2.3	1.8	1.3	-2.0
2017	.1	-.4	.7	.9	.1	.2	.0	-.5	.0	1.5	.5	.3	2.4	5.6	-.8	7.5	2.3
2018	-.3	.4	.6	.9	-.8	.8	.4	.8	.1	.2	.5	.0	2.3	4.6	5.2	3.9	3.9
2019	-.4	-.5	.1	-.6	.2	.0	-.1	.7	-.3	-.8			-1.9	-2.3	1.4
IP (2012=100)
2017	103.0	102.6	103.3	104.3	104.4	104.6	104.5	104.0	104.1	105.6	106.2	106.5	103.0	104.4	104.2	106.1	104.4
2018	106.3	106.6	107.3	108.2	107.4	108.2	108.7	109.5	109.7	109.9	110.5	110.6	106.7	107.9	109.3	110.3	108.6
2019	110.1	109.6	109.7	109.0	109.2	109.3	109.1	109.9	109.6	108.7			109.8	109.2	109.5
Capacity (percent of 2012 output)
2017	136.4	136.5	136.5	136.5	136.6	136.6	136.6	136.6	136.7	136.7	136.8	136.8	136.5	136.6	136.6	136.8	136.6
2018	136.9	137.0	137.2	137.3	137.5	137.7	137.9	138.1	138.4	138.6	138.9	139.1	137.0	137.5	138.2	138.9	137.9
2019	139.4	139.6	139.9	140.2	140.4	140.6	140.9	141.1	141.4	141.6			139.6	140.4	141.1
Utilization (percent)
1997	83.4	84.0	84.1	83.7	83.7	83.7	83.9	84.2	84.5	84.7	84.9	84.6	83.8	83.7	84.2	84.7	84.1
1998	84.5	84.0	83.5	83.3	83.3	82.3	81.5	82.8	82.2	82.4	82.0	81.9	84.0	83.0	82.2	82.1	82.8
1999	81.9	82.0	81.8	81.7	81.9	81.5	81.7	81.7	81.1	81.9	82.0	82.3	81.9	81.7	81.5	82.1	81.8
2000	82.1	82.0	82.0	82.3	82.2	82.0	81.6	81.1	81.2	80.7	80.4	80.0	82.0	82.2	81.3	80.4	81.5
2001	79.2	78.4	78.0	77.6	76.9	76.2	75.6	75.3	74.8	74.3	73.8	73.7	78.6	76.9	75.2	74.0	76.2
2002	74.0	73.9	74.4	74.6	74.9	75.5	75.3	75.3	75.4	75.2	75.6	75.2	74.1	75.0	75.3	75.3	74.9
2003	75.8	75.9	75.8	75.3	75.3	75.5	75.8	75.8	76.2	76.3	76.9	76.9	75.9	75.4	75.9	76.7	76.0
2004	77.1	77.6	77.2	77.6	78.2	77.6	78.2	78.2	78.3	79.0	79.1	79.7	77.3	77.8	78.2	79.3	78.2
2005	80.0	80.5	80.3	80.3	80.3	80.5	80.2	80.3	78.7	79.6	80.3	80.7	80.2	80.4	79.7	80.2	80.1
2006	80.7	80.6	80.6	80.8	80.6	80.8	80.6	80.8	80.5	80.2	80.0	80.6	80.6	80.7	80.6	80.3	80.6
2007	80.0	80.6	80.6	81.0	80.9	80.8	80.6	80.7	81.0	80.6	81.1	81.1	80.4	80.9	80.8	80.9	80.8
2008	80.9	80.7	80.6	80.0	79.6	79.5	79.0	77.8	74.4	75.0	74.0	71.7	80.8	79.7	77.1	73.6	77.8
2009	70.0	69.4	68.3	67.7	67.0	66.7	67.4	68.2	68.8	69.1	69.5	69.9	69.2	67.1	68.2	69.5	68.5
2010	70.8	71.2	71.8	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	73.5
2011	75.6	75.3	76.0	75.7	75.8	75.9	76.2	76.6	76.4	76.8	76.6	76.9	75.6	75.8	76.4	76.8	76.1
2012	77.2	77.2	76.7	77.2	77.2	77.0	77.1	76.6	76.5	76.6	76.8	77.0	77.1	77.1	76.7	76.8	76.9
2013	76.7	77.1	77.3	77.1	77.0	77.1	76.7	77.2	77.5	77.3	77.4	77.6	77.0	77.1	77.1	77.5	77.2
2014	77.2	77.8	78.5	78.4	78.6	78.8	78.9	78.7	78.8	78.7	79.2	79.0	77.8	78.6	78.8	79.0	78.6
2015	78.6	78.1	77.8	77.3	76.9	76.6	77.0	76.9	76.6	76.3	75.7	75.3	78.1	76.9	76.8	75.8	76.9
2016	75.9	75.3	74.7	74.7	74.6	74.9	75.1	75.0	74.9	75.0	74.9	75.5	75.3	74.8	75.0	75.1	75.0
2017	75.5	75.2	75.7	76.4	76.5	76.6	76.5	76.2	76.1	77.3	77.6	77.9	75.5	76.5	76.3	77.6	76.5
2018	77.6	77.8	78.2	78.8	78.1	78.6	78.8	79.3	79.3	79.3	79.6	79.5	77.9	78.5	79.1	79.4	78.7
2019	79.0	78.5	78.4	77.8	77.8	77.7	77.4	77.9	77.5	76.7			78.6	77.7	77.6

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