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) [2]
2001	-.4	-.7	-.2	-.4	-.5	-.6	-.5	-.4	-.4	-.4	-.4	.2	-5.6	-5.3	-5.8	-4.0	-3.6
2002	.7	.0	.7	.3	.5	1.0	-.1	.1	.1	-.3	.5	-.6	3.6	5.8	3.2	-.4	.5
2003	.8	-.1	.1	-.8	.1	.4	.3	-.5	.8	.1	.9	-.1	2.1	-2.2	2.5	4.4	1.3
2004	-.1	.8	.0	.4	.7	-.7	.9	.5	.0	.9	.0	.8	2.6	3.4	4.0	5.5	3.1
2005	.6	.8	-.5	.4	.3	.2	-.4	.5	-1.1	1.4	.9	.1	6.4	2.6	-.6	6.1	4.1
2006	.8	-.3	.0	.3	-.2	.3	-.3	.7	.1	-.4	.1	1.5	3.9	.7	1.1	1.6	2.6
2007	-.3	.3	.8	.6	-.1	.3	-.1	-.3	.3	-.2	.5	.2	4.7	5.5	.1	1.3	2.8
2008	-.2	-.7	-.4	-1.0	-.6	-.7	-1.1	-1.3	-3.4	-.6	-2.5	-3.4	-2.0	-8.4	-14.0	-22.0	-4.8
2009	-3.2	-.1	-1.8	-.7	-1.0	-.2	1.6	1.1	1.0	.1	1.0	-.2	-24.7	-10.3	9.1	7.1	-13.8
2010	1.0	-.1	1.3	.8	1.3	.0	.5	.1	.1	.1	.1	.5	6.6	10.4	4.3	1.6	5.9
2011	.1	.1	.6	-.6	.0	.1	.6	.4	.3	.5	-.2	.7	3.0	-.2	4.2	3.9	2.9
2012	.9	.4	-.5	.5	-.4	.3	-.2	-.1	-.2	-.2	.6	.7	5.5	.5	-1.2	1.0	2.6
2013	-.2	.4	-.1	-.3	.3	.2	-.8	.9	.1	.1	.0	-.2	2.8	.1	.2	1.6	.9
2014	-1.1	.9	.9	.0	.3	.3	.4	-.6	.0	-.1	.7	-.2	-1.1	4.8	1.4	.3	1.1
2015	-.6	-.8	.4	.0	.0	-.4	.7	-.3	-.3	-.1	-.3	-.3	-3.4	-.6	.8	-2.7	-.5
2016	.4	-.4	-.1	-.2	-.1	.2	.0	-.3	.2	.1	-.1	.0	-.6	-1.2	.0	.5	-.8
2017	.2	-.1	-.4	1.1	-.1	.0	-.4	-.2	.0	1.1	.1	-.2	-.1	3.0	-2.0	4.0	.6
2018	-.4	1.0	-.1	.7	-.9	.6	.0	.3	.0	-.5	-.3	.3	.4	2.3	1.6	-1.7	1.3
2019	-.9	-.5	-.3	-.6	.0	.4	-.7	.7	-.6	-.9	.9	.1	-4.6	-3.2	-.6	-2.1	-2.0
2020	-.2	.2	-4.6	-15.5	4.4	7.7	3.6	1.5	.0	.8	.6	.6	-5.0	-44.0	53.9	8.0	-6.6
2021	1.0	-3.9	3.0	.1	1.1	-.1	1.0	-.3	-.9	1.3	.9	-.1	-.1	5.9	3.4	4.9	5.0
2022	-.6	1.2	.8	.1	-.4	-.4	.2	.2	.2	.1	-.7	-2.1	3.0	2.7	.1	-3.3	2.7
2023	1.7	.3	-.8	.8	-.3	-.5	.5						-.3	-.1
IP (2017 = 100)
2021	97.2	93.4	96.2	96.3	97.4	97.3	98.3	98.0	97.1	98.4	99.3	99.2	95.6	97.0	97.8	99.0	97.4
2022	98.7	99.8	100.6	100.8	100.4	100.0	100.2	100.4	100.6	100.8	100.0	97.9	99.7	100.4	100.4	99.6	100.0
2023	99.5	99.9	99.0	99.8	99.6	99.0	99.5						99.5	99.5
Capacity (percent of 2017 output)
2021	126.9	126.8	126.6	126.5	126.3	126.2	126.1	126.0	126.0	125.9	125.9	125.9	126.8	126.3	126.0	125.9	126.3
2022	125.9	125.9	126.0	126.1	126.1	126.2	126.3	126.4	126.6	126.7	126.8	126.9	125.9	126.1	126.4	126.8	126.3
2023	127.1	127.2	127.3	127.5	127.6	127.8	127.9						127.2	127.6
Utilization (percent)
2001	77.0	76.2	75.8	75.2	74.6	73.9	73.4	72.9	72.5	72.0	71.7	71.7	76.3	74.6	72.9	71.8	73.9
2002	72.1	72.0	72.5	72.6	73.0	73.7	73.6	73.6	73.7	73.5	73.8	73.4	72.2	73.1	73.6	73.5	73.1
2003	74.0	73.9	74.0	73.4	73.5	73.8	74.1	73.7	74.4	74.5	75.1	75.1	73.9	73.6	74.1	74.9	74.1
2004	75.1	75.7	75.7	76.0	76.5	76.0	76.7	77.0	77.0	77.7	77.6	78.1	75.5	76.2	76.9	77.8	76.6
2005	78.5	79.0	78.5	78.7	78.8	78.8	78.4	78.6	77.6	78.6	79.1	79.0	78.7	78.8	78.2	78.9	78.6
2006	79.5	79.2	79.0	79.1	78.8	78.9	78.5	78.9	78.8	78.3	78.2	79.2	79.2	79.0	78.8	78.6	78.9
2007	78.7	78.8	79.2	79.5	79.3	79.3	79.1	78.7	78.8	78.5	78.8	78.9	78.9	79.4	78.9	78.8	79.0
2008	78.7	78.2	77.8	77.1	76.7	76.2	75.4	74.5	72.0	71.6	69.9	67.7	78.2	76.6	74.0	69.8	74.7
2009	65.6	65.6	64.4	64.1	63.5	63.4	64.5	65.3	66.1	66.2	66.9	66.9	65.2	63.7	65.3	66.7	65.2
2010	67.7	67.7	68.7	69.3	70.3	70.4	70.9	71.1	71.3	71.5	71.7	72.1	68.0	70.0	71.1	71.8	70.2
2011	72.2	72.4	72.9	72.6	72.6	72.7	73.1	73.4	73.5	73.9	73.7	74.1	72.5	72.6	73.3	73.9	73.1
2012	74.7	74.9	74.4	74.7	74.3	74.5	74.2	74.1	73.8	73.6	74.0	74.5	74.7	74.5	74.0	74.0	74.3
2013	74.2	74.5	74.4	74.1	74.3	74.5	73.9	74.5	74.6	74.7	74.7	74.6	74.4	74.3	74.4	74.7	74.4
2014	73.9	74.6	75.3	75.3	75.6	75.9	76.3	76.0	76.1	76.0	76.7	76.6	74.6	75.6	76.1	76.4	75.7
2015	76.2	75.7	76.1	76.2	76.2	76.0	76.6	76.4	76.2	76.1	75.9	75.7	76.0	76.1	76.4	75.9	76.1
2016	76.0	75.6	75.5	75.4	75.3	75.4	75.4	75.1	75.3	75.4	75.3	75.4	75.7	75.4	75.3	75.4	75.4
2017	75.5	75.5	75.3	76.3	76.3	76.4	76.2	76.2	76.3	77.2	77.4	77.3	75.5	76.3	76.2	77.3	76.3
2018	77.1	77.9	77.9	78.5	77.9	78.4	78.5	78.8	78.8	78.5	78.3	78.5	77.6	78.3	78.7	78.4	78.3
2019	77.9	77.5	77.3	76.9	77.0	77.3	76.8	77.4	76.9	76.2	76.9	77.1	77.6	77.1	77.1	76.7	77.1
2020	76.9	77.1	73.6	62.2	65.0	70.1	72.7	73.8	73.9	74.6	75.2	75.7	75.9	65.8	73.5	75.2	72.6
2021	76.6	73.7	76.0	76.2	77.1	77.1	78.0	77.8	77.1	78.2	78.9	78.8	75.4	76.8	77.6	78.6	77.1
2022	78.4	79.3	79.9	79.9	79.6	79.2	79.3	79.4	79.5	79.5	78.9	77.1	79.2	79.6	79.4	78.5	79.2
2023	78.3	78.5	77.8	78.3	78.0	77.5	77.8						78.2	77.9

[1] The composition of manufacturing is specified in a note for the summary table.
[2] Quarterly percentage changes are at annual rates. Annual percentage changes are calculated from annual averages.