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]
1999	.3	.9	.0	.3	.8	-.2	.4	.6	-.4	1.5	.7	.7	5.2	4.3	3.2	8.7	5.1
2000	.0	.3	.6	.6	.0	.2	.1	-.6	.5	-.4	-.3	-.6	4.5	4.9	-.4	-2.7	4.1
2001	-.5	-.7	-.2	-.4	-.6	-.6	-.5	-.4	-.4	-.5	-.4	.2	-5.9	-5.3	-5.9	-4.0	-3.7
2002	.6	.0	.7	.3	.5	1.0	-.1	.1	.1	-.4	.5	-.6	3.5	5.9	3.3	-.5	.4
2003	.8	-.1	.1	-.8	.0	.5	.3	-.4	.9	.1	.8	.0	2.0	-2.4	2.5	4.4	1.3
2004	-.1	.7	.0	.3	.7	-.7	.9	.5	.0	1.0	.0	.7	2.6	3.3	4.0	5.5	3.1
2005	.7	.9	-.5	.4	.3	.1	-.3	.6	-1.1	1.4	.9	.1	6.4	2.5	-.6	6.1	4.1
2006	.8	-.3	.0	.4	-.3	.3	-.3	.7	.1	-.5	.1	1.5	3.9	.8	1.0	1.5	2.6
2007	-.4	.3	.9	.7	-.1	.3	.0	-.3	.3	-.2	.5	.1	4.4	5.8	.4	1.2	2.8
2008	-.2	-.7	-.4	-1.0	-.6	-.7	-1.1	-1.2	-3.4	-.7	-2.5	-3.3	-2.5	-8.2	-13.7	-21.9	-4.8
2009	-3.2	-.1	-1.9	-.7	-1.1	-.2	1.6	1.1	1.0	.1	1.0	-.2	-24.7	-10.5	8.6	7.1	-13.8
2010	1.1	-.1	1.3	.8	1.3	.0	.6	.1	.0	.1	.1	.5	6.7	10.5	4.3	1.5	5.9
2011	.1	.2	.6	-.5	.0	.1	.6	.5	.3	.5	-.2	.7	2.9	-.2	4.4	3.8	2.9
2012	.8	.3	-.5	.5	-.4	.3	-.2	-.1	-.2	-.2	.6	.7	5.3	.6	-1.3	1.1	2.6
2013	-.3	.4	-.1	-.3	.3	.1	-.8	.9	.1	.1	.0	-.2	2.6	.1	.1	1.6	.9
2014	-1.0	.9	.8	.0	.3	.3	.5	-.6	.0	-.1	.7	-.2	-1.0	4.6	1.6	.2	1.1
2015	-.5	-.7	.3	.0	.0	-.4	.8	-.5	-.3	-.1	-.3	-.3	-3.2	-.7	.6	-2.9	-.6
2016	.5	-.3	-.1	-.2	.0	.2	.2	-.5	.2	.1	-.1	.0	-.3	-1.3	.1	.1	-.8
2017	.3	-.1	-.3	1.1	-.1	.0	-.2	-.3	.0	1.0	.0	-.2	.3	3.2	-1.8	3.6	.6
2018	-.4	.9	.1	.6	-.8	.5	.2	.2	.0	-.5	-.4	.2	.5	2.7	1.9	-2.4	1.3
2019	-.7	-.5	-.1	-.8	.1	.2	-.4	.5	-.6	-.7	.7	.0	-4.3	-3.5	-.5	-1.9	-2.0
2020	-.2	.0	-4.4	-15.8	4.6	7.3	4.0	1.6	.1	1.5	.6	.6	-5.7	-44.7	55.8	11.1	-6.6
2021	1.4	-3.6	3.1	-.1	.9								2.2
IP (2017 = 100)
2019	100.6	100.0	99.9	99.2	99.2	99.4	99.0	99.5	98.9	98.2	98.9	98.9	100.2	99.3	99.2	98.7	99.3
2020	98.7	98.7	94.3	79.4	83.1	89.1	92.7	94.1	94.2	95.6	96.2	96.8	97.2	83.8	93.7	96.2	92.7
2021	98.1	94.6	97.5	97.4	98.2								96.7
Capacity (percent of 2017 output)
2019	130.9	130.9	131.0	131.0	131.0	131.0	131.0	131.0	131.0	131.0	130.9	130.8	130.9	131.0	131.0	130.9	131.0
2020	130.8	130.7	130.6	130.5	130.4	130.4	130.3	130.2	130.1	130.1	130.0	130.0	130.7	130.4	130.2	130.0	130.3
2021	130.0	129.9	129.9	129.9	129.9								129.9
Utilization (percent)
1999	80.8	81.1	80.7	80.6	80.9	80.3	80.3	80.5	79.8	80.7	80.9	81.1	80.9	80.6	80.2	80.9	80.6
2000	80.8	80.7	80.9	81.0	80.7	80.5	80.3	79.4	79.5	78.9	78.4	77.6	80.8	80.8	79.7	78.3	79.9
2001	76.9	76.1	75.7	75.2	74.5	73.9	73.3	72.9	72.5	72.0	71.6	71.7	76.3	74.5	72.9	71.8	73.9
2002	72.1	72.0	72.4	72.6	73.0	73.7	73.6	73.6	73.7	73.4	73.8	73.4	72.2	73.1	73.6	73.5	73.1
2003	74.0	73.9	73.9	73.4	73.4	73.7	74.0	73.7	74.3	74.4	75.1	75.1	73.9	73.5	74.0	74.9	74.1
2004	75.0	75.6	75.6	75.9	76.5	76.0	76.6	77.0	76.9	77.6	77.5	78.0	75.4	76.1	76.9	77.7	76.5
2005	78.4	79.0	78.5	78.7	78.7	78.7	78.3	78.5	77.5	78.5	79.0	78.9	78.6	78.7	78.1	78.8	78.6
2006	79.4	79.1	79.0	79.1	78.8	78.9	78.5	78.9	78.8	78.2	78.1	79.1	79.2	78.9	78.7	78.5	78.8
2007	78.5	78.6	79.0	79.4	79.1	79.1	78.9	78.5	78.6	78.4	78.7	78.7	78.7	79.2	78.7	78.6	78.8
2008	78.4	77.9	77.6	76.9	76.5	76.0	75.3	74.5	72.1	71.7	70.0	67.7	78.0	76.5	73.9	69.8	74.5
2009	65.7	65.7	64.5	64.2	63.6	63.5	64.6	65.4	66.1	66.2	67.0	67.0	65.3	63.8	65.4	66.7	65.3
2010	67.8	67.8	68.8	69.5	70.5	70.6	71.2	71.4	71.5	71.7	71.9	72.3	68.1	70.2	71.3	71.9	70.4
2011	72.4	72.6	73.1	72.8	72.8	72.9	73.3	73.6	73.8	74.1	73.9	74.4	72.7	72.8	73.6	74.1	73.3
2012	74.9	75.1	74.6	74.9	74.6	74.7	74.4	74.2	74.0	73.8	74.2	74.6	74.9	74.7	74.2	74.2	74.5
2013	74.4	74.6	74.5	74.3	74.5	74.6	74.0	74.6	74.7	74.8	74.8	74.7	74.5	74.5	74.5	74.8	74.6
2014	74.0	74.7	75.4	75.4	75.6	75.9	76.4	76.0	76.0	76.0	76.6	76.5	74.7	75.6	76.1	76.4	75.7
2015	76.2	75.7	76.0	76.1	76.2	75.9	76.6	76.2	76.0	75.9	75.7	75.4	76.0	76.1	76.3	75.7	76.0
2016	75.8	75.5	75.4	75.2	75.1	75.2	75.3	74.9	75.0	75.1	75.1	75.2	75.5	75.2	75.1	75.1	75.2
2017	75.4	75.4	75.3	76.2	76.2	76.3	76.2	76.1	76.2	77.1	77.2	77.0	75.4	76.2	76.2	77.1	76.2
2018	76.8	77.5	77.6	78.1	77.5	77.9	78.0	78.2	78.1	77.7	77.3	77.5	77.3	77.8	78.1	77.5	77.7
2019	76.8	76.4	76.3	75.7	75.7	75.9	75.6	76.0	75.5	75.0	75.6	75.6	76.5	75.8	75.7	75.4	75.8
2020	75.5	75.5	72.2	60.8	63.7	68.3	71.2	72.3	72.4	73.5	74.0	74.4	74.4	64.3	71.9	74.0	71.1
2021	75.5	72.8	75.0	74.9	75.6								74.4

[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.