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]
2001	-.5	-.7	-.3	-.3	-.6	-.6	-.6	-.1	-.5	-.3	-.6	.0	-5.1	-5.0	-5.5	-4.3	-3.1
2002	.7	.0	.8	.5	.4	.8	.0	-.1	.1	-.3	.5	-.5	2.9	6.4	2.5	-.2	.3
2003	.8	.1	-.3	-.6	.0	.1	.5	-.2	.7	.1	.7	.1	2.5	-3.0	2.7	3.9	1.3
2004	.2	.6	-.4	.4	.7	-.8	.7	.1	.1	.9	.2	.8	2.9	2.3	2.2	5.7	2.7
2005	.4	.7	-.1	.2	.1	.4	-.3	.3	-1.9	1.2	1.1	.5	5.7	2.3	-1.6	3.7	3.3
2006	.2	.0	.2	.3	.0	.3	-.1	.4	-.2	-.1	-.1	1.0	3.9	2.4	1.5	.8	2.3
2007	-.4	1.0	.2	.7	.1	.0	-.1	.2	.2	-.3	.6	.0	4.0	4.9	.6	1.3	2.5
2008	-.1	-.4	-.4	-.7	-.6	-.2	-.4	-1.6	-4.4	1.0	-1.3	-2.8	-1.3	-5.8	-12.3	-16.0	-3.5
2009	-2.5	-.6	-1.6	-.8	-1.0	-.3	1.2	1.1	.8	.2	.4	.4	-20.7	-10.7	6.6	6.3	-11.4
2010	1.1	.4	.7	.4	1.4	.2	.4	.4	.3	-.3	.1	1.0	8.0	8.1	5.4	1.6	5.5
2011	-.2	-.4	1.0	-.3	.1	.3	.5	.6	-.1	.7	.0	.5	2.2	1.6	4.7	4.2	3.2
2012	.6	.3	-.5	.7	.2	.0	.2	-.4	-.1	.3	.4	.3	4.0	2.5	.0	2.0	3.0
2013	.0	.5	.4	-.1	.1	.1	-.3	.6	.5	-.1	.2	.2	3.1	1.8	1.5	2.7	2.0
2014	-.4	.8	1.0	.1	.4	.3	.3	-.2	.3	.0	.6	.0	2.8	5.5	2.5	2.2	3.0
2015	-.8	-.6	-.3	-.6	-.5	-.3	.7	-.2	-.3	-.5	-.8	-.5	-4.3	-5.5	.2	-5.4	-1.4
2016	.6	-.5	-.8	.3	-.2	.5	.2	-.1	-.1	.1	-.4	.6	-2.6	-1.5	1.2	-.4	-2.2
2017	-.2	-.3	.7	1.0	.1	.2	-.2	-.5	.1	1.3	.2	.2	.4	5.9	-1.2	5.5	1.4
2018	.0	.4	.6	1.1	-.9	.8	.2	.7	.0	-.1	-.1	-.1	2.2	5.1	3.5	.1	3.2
2019	-.6	-.4	.1	-.5	.2	.0	-.4	.7	-.3	-.8	.3	-.3	-3.7	-1.8	.2	-2.6	-.7
2020	-.5	.4	-3.8	-13.2	1.6	6.3	3.8	.9	.0	.8	.3	1.1	-6.1	-41.6	42.6	6.6	-7.0
2021	1.1	-3.1	2.7	.2	.8	.4	.7	.0	-1.0	1.5	.6	-.2	3.1	6.5	3.5	4.8	4.9
2022	.4	.7	.7	.7	-.1	-.2	.5	-.1	.2	.0	-.6	-1.0	4.7	5.0	1.3	-2.4	3.8
2023	.0
IP (2017=100)
2021	99.3	96.2	98.9	99.0	99.8	100.2	100.9	100.8	99.8	101.4	102.0	101.8	98.1	99.7	100.5	101.7	100.0
2022	102.1	102.9	103.6	104.3	104.2	103.9	104.5	104.4	104.6	104.6	104.0	102.9	102.9	104.1	104.5	103.8	103.8
2023	103.0
Capacity (percent of 2017 output)
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	130.4	130.6	130.7	130.9	131.1	131.2	131.3	129.6	130.2	130.7	131.2	130.4
2023	131.5
Utilization (percent)
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	78.9	79.4	79.8	80.2	80.0	79.7	80.0	79.8	79.9	79.8	79.3	78.4	79.4	80.0	79.9	79.1	79.6
2023	78.3

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