Board of Governors of the Federal Reserve System

Seasonally adjusted                                                                    

	Jan.	Feb.	Mar.	Apr.	May	June	July	Aug.	Sept.	Oct.	Nov.	Dec.	Q1	Q2	Q3	Q4	Annual
Capacity (percent of 2012 output)
1989	75.2	75.3	75.4	75.5	75.7	75.8	76.0	76.2	76.4	76.5	76.7	76.9	75.3	75.7	76.2	76.7	76.0
1990	77.1	77.2	77.4	77.6	77.7	77.9	78.0	78.1	78.2	78.3	78.5	78.5	77.2	77.7	78.1	78.4	77.9
1991	78.6	78.7	78.8	78.9	79.0	79.1	79.1	79.2	79.3	79.4	79.6	79.7	78.7	79.0	79.2	79.6	79.1
1992	79.8	80.0	80.2	80.3	80.5	80.7	80.8	81.0	81.2	81.3	81.5	81.6	80.0	80.5	81.0	81.5	80.8
1993	81.8	81.9	82.0	82.1	82.3	82.4	82.5	82.6	82.7	82.9	83.1	83.2	81.9	82.3	82.6	83.1	82.5
1994	83.4	83.6	83.8	84.0	84.3	84.5	84.8	85.1	85.4	85.6	85.9	86.2	83.6	84.3	85.1	85.9	84.7
1995	86.5	86.8	87.1	87.4	87.7	88.0	88.4	88.7	89.0	89.4	89.8	90.1	86.8	87.7	88.7	89.8	88.2
1996	90.5	90.9	91.3	91.8	92.2	92.6	93.0	93.5	93.9	94.4	94.8	95.3	90.9	92.2	93.5	94.8	92.9
1997	95.7	96.2	96.7	97.2	97.7	98.3	98.8	99.4	100.0	100.6	101.3	101.9	96.2	97.7	99.4	101.3	98.7
1998	102.6	103.3	103.9	104.6	105.3	105.9	106.5	107.1	107.6	108.2	108.7	109.2	103.3	105.2	107.1	108.7	106.1
1999	109.7	110.1	110.6	111.1	111.5	111.9	112.3	112.8	113.2	113.6	114.0	114.4	110.1	111.5	112.7	114.0	112.1
2000	114.8	115.2	115.6	116.0	116.3	116.7	117.1	117.5	117.9	118.3	118.6	119.0	115.2	116.3	117.5	118.6	116.9
2001	119.4	119.8	120.1	120.5	120.8	121.1	121.4	121.7	122.0	122.3	122.6	122.8	119.7	120.8	121.7	122.6	121.2
2002	123.0	123.2	123.4	123.5	123.6	123.7	123.8	123.8	123.8	123.8	123.8	123.8	123.2	123.6	123.8	123.8	123.6
2003	123.8	123.7	123.7	123.6	123.6	123.5	123.5	123.4	123.4	123.4	123.4	123.4	123.7	123.6	123.5	123.4	123.5
2004	123.3	123.3	123.3	123.3	123.3	123.2	123.2	123.2	123.3	123.3	123.3	123.4	123.3	123.3	123.2	123.3	123.3
2005	123.5	123.6	123.7	123.8	124.0	124.1	124.3	124.5	124.6	124.8	125.0	125.1	123.6	124.0	124.5	125.0	124.3
2006	125.3	125.5	125.6	125.8	126.0	126.2	126.4	126.7	126.9	127.2	127.5	127.8	125.5	126.0	126.7	127.5	126.4
2007	128.1	128.4	128.7	129.0	129.2	129.5	129.6	129.8	129.9	129.9	129.9	129.9	128.4	129.2	129.8	129.9	129.3
2008	129.8	129.7	129.6	129.5	129.5	129.4	129.4	129.5	129.6	129.7	129.8	130.0	129.7	129.5	129.5	129.8	129.6
2009	130.1	130.3	130.4	130.5	130.5	130.6	130.5	130.5	130.3	130.2	130.0	129.7	130.3	130.5	130.4	129.9	130.3
2010	129.5	129.2	128.9	128.6	128.3	128.0	127.8	127.5	127.4	127.2	127.1	127.0	129.2	128.3	127.6	127.1	128.0
2011	126.9	126.9	127.0	127.0	127.1	127.2	127.4	127.6	127.8	128.0	128.2	128.5	126.9	127.1	127.6	128.2	127.5
2012	128.7	129.0	129.2	129.5	129.7	129.9	130.1	130.4	130.6	130.8	131.0	131.2	129.0	129.7	130.4	131.0	130.0
2013	131.4	131.6	131.7	131.9	132.1	132.2	132.3	132.4	132.6	132.7	132.8	132.9	131.6	132.1	132.4	132.8	132.2
2014	133.0	133.1	133.3	133.4	133.5	133.7	133.9	134.1	134.3	134.4	134.6	134.8	133.1	133.5	134.1	134.6	133.8
2015	134.9	135.0	135.2	135.3	135.3	135.4	135.5	135.5	135.5	135.6	135.6	135.6	135.0	135.3	135.5	135.6	135.4
2016	135.7	135.7	135.8	135.8	135.9	136.0	136.0	136.1	136.2	136.3	136.3	136.4	135.7	135.9	136.1	136.3	136.0
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
Utilization (percent)
1989	85.1	84.6	84.7	84.6	83.9	83.7	82.8	83.4	82.9	82.6	82.7	83.0	84.8	84.1	83.0	82.8	83.7
1990	82.3	82.9	83.1	82.9	82.9	83.0	82.7	82.9	82.8	82.1	81.0	80.4	82.8	82.9	82.8	81.2	82.4
1991	80.0	79.3	78.8	78.9	79.6	80.2	80.2	80.2	80.8	80.6	80.4	79.9	79.4	79.6	80.4	80.3	79.9
1992	79.3	79.7	80.2	80.7	80.8	80.6	81.2	80.6	80.6	81.1	81.2	81.2	79.8	80.7	80.8	81.2	80.6
1993	81.4	81.6	81.4	81.6	81.2	81.2	81.3	81.1	81.4	81.9	82.0	82.3	81.5	81.3	81.3	82.1	81.5
1994	82.4	82.3	82.9	83.1	83.3	83.6	83.5	83.7	83.7	84.2	84.4	85.0	82.5	83.4	83.6	84.5	83.5
1995	84.9	84.4	84.3	83.9	83.9	83.9	83.3	84.0	84.0	83.6	83.4	83.4	84.5	83.9	83.8	83.5	83.9
1996	82.5	83.4	82.9	83.3	83.5	83.9	83.4	83.5	83.6	83.2	83.5	83.7	82.9	83.6	83.5	83.5	83.4
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	79.2	79.6	79.4	77.9	78.5	79.1	79.4	78.7
2019	79.2	79.1

Note: Estimates from October 2018 through February 2019 are subject to further revision in the upcoming monthly releases.