Industrial Production and Capacity Utilization - G.17
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Release Date: October 17, 2024
Industrial Production and Capacity Utilization: Summary
Seasonally adjusted
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Industrial production | 2017=100 | Percent change | |||||||||||
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2024 | 2024 | Sept. '23 to Sept. '24 |
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Apr.[r] | May[r] | June[r] | July[r] | Aug.[r] | Sept.[p] | Apr.[r] | May[r] | June[r] | July[r] | Aug.[r] | Sept.[p] | ||
Total index | 102.4 | 103.1 | 103.2 | 102.6 | 102.9 | 102.6 | -.2 | .7 | .2 | -.6 | .3 | -.3 | -.6 |
Previous estimates | 102.4 | 103.2 | 103.3 | 102.3 | 103.1 | -.1 | .7 | .1 | -.9 | .8 | |||
Major market groups | |||||||||||||
Final Products | 100.6 | 100.8 | 101.1 | 100.5 | 101.0 | 100.4 | .0 | .2 | .3 | -.6 | .5 | -.6 | -.7 |
Consumer goods | 101.7 | 101.9 | 102.4 | 101.6 | 102.1 | 102.3 | .2 | .3 | .4 | -.8 | .6 | .2 | .2 |
Business equipment | 94.2 | 94.4 | 94.1 | 94.0 | 94.2 | 90.9 | -.7 | .3 | -.4 | -.1 | .2 | -3.5 | -4.2 |
Nonindustrial supplies | 100.3 | 101.2 | 101.8 | 101.4 | 101.3 | 101.5 | -.5 | .9 | .5 | -.3 | -.2 | .2 | .3 |
Construction | 99.6 | 100.3 | 100.6 | 100.4 | 100.9 | 100.8 | -1.7 | .8 | .3 | -.2 | .4 | -.1 | -.2 |
Materials | 104.5 | 105.6 | 105.5 | 104.8 | 105.2 | 105.0 | -.2 | 1.0 | -.1 | -.7 | .4 | -.2 | -.9 |
Major industry groups | |||||||||||||
Manufacturing (see note below) | 98.8 | 99.5 | 99.5 | 99.0 | 99.5 | 99.1 | -.7 | .7 | -.1 | -.5 | .5 | -.4 | -.5 |
Previous estimates | 98.9 | 99.6 | 99.4 | 98.7 | 99.6 | -.6 | .8 | -.2 | -.7 | .9 | |||
Mining | 119.5 | 118.7 | 119.1 | 118.0 | 118.9 | 118.2 | -.1 | -.7 | .3 | -.9 | .7 | -.6 | -2.2 |
Utilities | 104.7 | 107.0 | 108.6 | 107.4 | 106.0 | 106.8 | 3.6 | 2.2 | 1.5 | -1.1 | -1.3 | .7 | .6 |
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[r] Revised. [p] Preliminary.
Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.
Capacity utilization | Percent of capacity | Capacity growth |
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Average 1972- 2023 |
1988- 89 high |
1990- 91 low |
1994- 95 high |
2009 low |
2023 Sept. |
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2024 | Sept. '23 to Sept. '24 |
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Apr.[r] | May[r] | June[r] | July[r] | Aug.[r] | Sept.[p] | ||||||||
Total industry | 79.7 | 85.2 | 78.7 | 84.8 | 66.6 | 78.9 | 77.7 | 78.1 | 78.2 | 77.6 | 77.8 | 77.5 | 1.2 |
Previous estimates | 77.7 | 78.2 | 78.2 | 77.4 | 78.0 | ||||||||
Manufacturing (see note below) | 78.3 | 85.5 | 77.1 | 84.4 | 63.5 | 78.1 | 76.9 | 77.4 | 77.2 | 76.8 | 77.1 | 76.7 | 1.3 |
Previous estimates | 76.9 | 77.5 | 77.2 | 76.6 | 77.2 | ||||||||
Mining | 86.5 | 86.3 | 84.3 | 88.6 | 78.9 | 90.1 | 89.3 | 88.8 | 89.1 | 88.4 | 89.1 | 88.7 | -.7 |
Utilities | 84.5 | 93.2 | 84.7 | 93.2 | 78.1 | 73.3 | 70.8 | 72.2 | 73.1 | 72.0 | 70.9 | 71.2 | 3.5 |
Stage-of-process groups | |||||||||||||
Crude | 85.6 | 87.9 | 84.9 | 90.0 | 77.0 | 88.1 | 86.6 | 87.0 | 87.5 | 86.6 | 87.1 | 86.8 | -.4 |
Primary and semifinished | 80.2 | 86.5 | 77.6 | 87.5 | 63.7 | 77.6 | 76.2 | 76.9 | 76.9 | 76.4 | 76.3 | 76.4 | 1.6 |
Finished | 76.8 | 83.3 | 77.6 | 80.4 | 66.2 | 76.8 | 75.7 | 75.8 | 75.7 | 75.2 | 75.6 | 74.7 | 1.8 |
Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.
Last Update: October 17, 2024