Industrial Production and Capacity Utilization

REVISION OF INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

The Federal Reserve Board plans to issue an annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization this fall; the publication date for the revision is still to be determined. The revised IP indexes will incorporate data from the 2003 Annual Survey of Manufactures and from selected editions of the 2003 and 2004 Current Industrial Reports, all from the U.S. Census Bureau. Annual data from the U.S. Geological Survey regarding metallic and nonmetallic minerals (except fuels) for 2003 and 2004 will also be introduced. The updating will include revisions to the monthly indicator for each industry (either product data or input data) and revisions to seasonal factors.

Capacity and capacity utilization will be revised to incorporate preliminary data from the Census Bureau's 2004 Survey of Plant Capacity, which covers manufacturing, along with new data on capacity from the U.S. Geological Survey, the Department of Energy, and other organizations.

Once the revision is published, it will be made available on the Board's website at www.federalreserve.gov/releases/G17. The revised data will also be available through the website of the Department of Commerce. Further information on these revisions is available from the Board's Industrial Output Section (telephone 202-452-3197).

Statistical releases

Last update: July 15, 2005, 9:15 AM