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 2017 output)
1992	77.6	77.8	77.9	78.1	78.2	78.4	78.6	78.8	78.9	79.1	79.2	79.4	77.8	78.2	78.8	79.2	78.5
1993	79.5	79.6	79.8	79.9	80.0	80.1	80.2	80.4	80.5	80.6	80.8	81.0	79.6	80.0	80.4	80.8	80.2
1994	81.1	81.3	81.5	81.8	82.0	82.2	82.5	82.8	83.0	83.3	83.6	83.9	81.3	82.0	82.8	83.6	82.4
1995	84.1	84.4	84.7	85.0	85.3	85.7	86.0	86.3	86.7	87.0	87.4	87.8	84.4	85.3	86.3	87.4	85.9
1996	88.2	88.6	89.0	89.4	89.8	90.2	90.6	91.1	91.5	91.9	92.4	92.8	88.6	89.8	91.1	92.4	90.4
1997	93.2	93.7	94.2	94.7	95.2	95.7	96.2	96.8	97.4	98.0	98.6	99.3	93.7	95.2	96.8	98.6	96.1
1998	99.9	100.6	101.2	101.9	102.5	103.1	103.7	104.3	104.8	105.3	105.8	106.3	100.6	102.5	104.3	105.8	103.3
1999	106.8	107.2	107.7	108.1	108.5	108.9	109.3	109.7	110.1	110.5	110.9	111.3	107.2	108.5	109.7	110.9	109.1
2000	111.7	112.0	112.4	112.8	113.2	113.6	113.9	114.3	114.7	115.1	115.4	115.8	112.0	113.2	114.3	115.4	113.7
2001	116.2	116.6	116.9	117.3	117.6	117.9	118.2	118.5	118.8	119.0	119.3	119.5	116.5	117.6	118.5	119.3	118.0
2002	119.7	119.8	120.0	120.1	120.2	120.3	120.3	120.3	120.3	120.3	120.3	120.2	119.8	120.2	120.3	120.3	120.2
2003	120.2	120.1	120.1	120.0	120.0	120.0	119.9	119.9	119.9	119.9	119.8	119.8	120.1	120.0	119.9	119.8	120.0
2004	119.8	119.8	119.8	119.7	119.7	119.7	119.7	119.7	119.7	119.7	119.8	119.8	119.8	119.7	119.7	119.8	119.7
2005	119.9	120.0	120.1	120.3	120.4	120.6	120.7	120.9	121.1	121.2	121.4	121.6	120.0	120.4	120.9	121.4	120.7
2006	121.7	121.9	122.1	122.3	122.5	122.7	122.9	123.2	123.4	123.7	124.0	124.3	121.9	122.5	123.2	124.0	122.9
2007	124.6	124.9	125.2	125.4	125.7	125.9	126.1	126.2	126.3	126.3	126.3	126.3	124.9	125.7	126.2	126.3	125.8
2008	126.2	126.1	126.0	126.0	125.9	125.9	125.9	126.0	126.1	126.2	126.4	126.5	126.1	125.9	126.0	126.4	126.1
2009	126.7	126.9	127.0	127.1	127.2	127.3	127.3	127.2	127.1	127.0	126.8	126.6	126.9	127.2	127.2	126.8	127.0
2010	126.3	126.1	125.8	125.5	125.3	125.0	124.8	124.5	124.4	124.2	124.1	124.0	126.1	125.3	124.6	124.1	125.0
2011	123.9	123.9	123.9	124.0	124.1	124.2	124.3	124.5	124.7	124.9	125.1	125.3	123.9	124.1	124.5	125.1	124.4
2012	125.6	125.8	126.0	126.3	126.5	126.7	126.9	127.2	127.4	127.6	127.7	127.9	125.8	126.5	127.2	127.7	126.8
2013	128.1	128.3	128.4	128.6	128.7	128.8	128.9	129.0	129.1	129.2	129.3	129.3	128.3	128.7	129.0	129.3	128.8
2014	129.4	129.5	129.6	129.7	129.8	129.9	130.0	130.2	130.3	130.4	130.5	130.6	129.5	129.8	130.2	130.5	130.0
2015	130.7	130.8	130.8	130.9	130.9	130.9	130.9	130.9	130.9	130.9	130.9	130.9	130.8	130.9	130.9	130.9	130.9
2016	130.9	130.9	130.9	130.9	131.0	131.0	131.0	131.1	131.1	131.2	131.2	131.2	130.9	131.0	131.1	131.2	131.0
2017	131.2	131.2	131.1	131.0	130.9	130.8	130.7	130.6	130.4	130.3	130.2	130.0	131.2	130.9	130.6	130.2	130.7
2018	129.9	129.8	129.8	129.7	129.7	129.7	129.7	129.7	129.8	129.8	129.9	130.0	129.8	129.7	129.7	129.9	129.8
2019	130.1	130.2	130.4	130.5	130.6	130.7	130.9	131.0	131.2	131.3	131.4	131.5	130.2	130.6	131.0	131.4	130.8
2020	131.6	131.7	131.7	131.7	131.6	131.5	131.4	131.2	131.0	130.8	130.5	130.2	131.6	131.6	131.2	130.5	131.2
2021	130.0	129.7	129.5	129.3	129.1	129.0	128.9	128.9	128.9	129.0	129.1	129.2	129.8	129.2	128.9	129.1	129.2
2022	129.4	129.6	129.8	130.0	130.2								129.6
Utilization (percent)
1992	79.4	79.8	80.3	80.8	80.9	80.7	81.3	80.7	80.7	81.1	81.3	81.3	79.9	80.8	80.9	81.2	80.7
1993	81.5	81.7	81.5	81.6	81.2	81.3	81.3	81.1	81.4	81.9	82.1	82.4	81.6	81.4	81.3	82.1	81.6
1994	82.5	82.3	82.9	83.2	83.4	83.7	83.5	83.8	83.8	84.2	84.5	85.0	82.6	83.4	83.7	84.5	83.6
1995	84.9	84.5	84.3	83.9	84.0	83.9	83.3	84.0	84.0	83.6	83.4	83.3	84.6	83.9	83.8	83.4	83.9
1996	82.5	83.3	82.8	83.3	83.5	83.7	83.3	83.4	83.5	83.1	83.4	83.6	82.9	83.5	83.4	83.4	83.3
1997	83.3	83.9	84.0	83.6	83.7	83.6	83.8	84.2	84.4	84.6	84.8	84.6	83.7	83.6	84.1	84.7	84.0
1998	84.4	84.0	83.5	83.3	83.3	82.3	81.5	82.7	82.2	82.4	81.9	81.9	84.0	82.9	82.1	82.1	82.8
1999	81.9	82.0	81.8	81.7	81.9	81.5	81.7	81.8	81.1	81.9	82.0	82.4	81.9	81.7	81.5	82.1	81.8
2000	82.1	82.1	82.1	82.3	82.3	82.1	81.7	81.2	81.2	80.7	80.4	79.9	82.1	82.2	81.3	80.3	81.5
2001	79.2	78.4	78.0	77.5	76.9	76.2	75.6	75.3	74.7	74.3	73.8	73.6	78.5	76.9	75.2	73.9	76.1
2002	74.0	73.9	74.3	74.6	74.9	75.5	75.4	75.3	75.4	75.2	75.6	75.3	74.1	75.0	75.4	75.4	75.0
2003	75.9	76.0	75.8	75.4	75.4	75.5	75.9	75.8	76.3	76.4	76.9	77.0	75.9	75.4	76.0	76.8	76.0
2004	77.1	77.6	77.3	77.7	78.2	77.6	78.2	78.3	78.4	79.0	79.2	79.8	77.4	77.8	78.3	79.3	78.2
2005	80.0	80.5	80.3	80.4	80.4	80.6	80.3	80.4	78.8	79.6	80.4	80.6	80.3	80.5	79.8	80.2	80.2
2006	80.7	80.6	80.7	80.8	80.7	80.8	80.6	80.8	80.4	80.1	79.9	80.5	80.6	80.7	80.6	80.2	80.5
2007	80.0	80.6	80.6	81.0	80.9	80.8	80.6	80.7	80.8	80.5	81.0	81.0	80.4	80.9	80.7	80.9	80.7
2008	81.0	80.7	80.5	80.0	79.5	79.4	79.0	77.7	74.3	74.9	73.9	71.7	80.7	79.6	77.0	73.5	77.7
2009	69.8	69.3	68.1	67.5	66.8	66.6	67.3	68.1	68.7	69.0	69.3	69.7	69.1	67.0	68.1	69.3	68.4
2010	70.6	71.0	71.7	72.1	73.2	73.5	74.0	74.4	74.7	74.6	74.7	75.5	71.1	72.9	74.3	74.9	73.3
2011	75.3	75.0	75.8	75.5	75.6	75.7	76.0	76.4	76.3	76.7	76.5	76.8	75.4	75.6	76.2	76.7	76.0
2012	77.1	77.2	76.6	77.1	77.1	76.9	77.0	76.5	76.4	76.5	76.7	76.8	77.0	77.0	76.6	76.6	76.8
2013	76.7	76.9	77.2	77.0	77.0	77.0	76.7	77.1	77.5	77.3	77.5	77.6	76.9	77.0	77.1	77.5	77.1
2014	77.3	77.8	78.5	78.5	78.7	79.0	79.1	78.9	79.0	79.0	79.4	79.3	77.9	78.7	79.0	79.2	78.7
2015	78.6	78.1	77.8	77.3	77.0	76.7	77.2	77.1	76.9	76.5	75.9	75.5	78.2	77.0	77.0	76.0	77.1
2016	76.0	75.6	75.0	75.2	75.0	75.3	75.4	75.3	75.2	75.3	74.9	75.4	75.5	75.2	75.3	75.2	75.3
2017	75.3	75.0	75.6	76.4	76.5	76.7	76.6	76.3	76.5	77.5	77.8	78.0	75.3	76.5	76.5	77.8	76.5
2018	78.0	78.3	78.8	79.7	79.0	79.6	79.8	80.3	80.3	80.1	80.0	79.9	78.4	79.5	80.1	80.0	79.5
2019	79.4	78.9	78.9	78.5	78.5	78.5	78.1	78.5	78.2	77.5	77.7	77.4	79.1	78.5	78.3	77.5	78.3
2020	77.0	77.3	74.3	64.5	65.6	69.8	72.5	73.3	73.3	74.0	74.4	75.3	76.2	66.6	73.0	74.6	72.6
2021	76.4	74.2	76.3	76.6	77.3	77.7	78.2	78.2	77.4	78.6	79.0	78.7	75.6	77.2	78.0	78.8	77.4
2022	79.0	79.5	79.9	80.9	80.8								79.5

Note: Estimates from January 2022 through May 2022 are subject to further revision in the upcoming monthly releases.