Industrial Production and Capacity Utilization for June 2000.Released for publication July July: see month. 14 Industrial production rose 0.2 percent in June June: see month. , after gains of 0.5 percent in May and 0.8 percent in April. At 144.6 percent of its 1992 average, industrial production in June was 5.8 percent higher than in June 1999. For the second quarter as a whole, the total index increased at an annual rate of 7.0 percent, up from a first-quarter pace of 6.5 percent. The output of mines and utilities picked up in the second quarter, while the growth of manufacturing output remained close to an annual rate of 7.0 percent for a third consecutive quarter. The strength in manufacturing this year has principally come from the high-technology industries (computers, semiconductors, and communications equipment); excluding those industries, manufacturing has increased at an annual rate of only 1.0 percent since the fourth quarter of last year. The rate of capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. for total industry edged down in June to 82.1 percent, a level about even with the 1967-99 average. [Graphs This partial list of graphs contains definitions of graphs and graph families which are known by particular names, but do not have a Wikipedia article of their own. For collected definitions of graph theory terms that do not refer to individual graph types, such as omitted]
Industrial production and capacity utilization, August 2000
Industrial production, index, 1992 = 100
Category 2000(1)
Mar.(r) Apr.(r) May(r) June(p)
Total 142.4 143.5 144.3 144.6
Previous estimate 142.6 143.6 144.2 ...
Major market groups
Products, total(2) 130.3 131.1 131.3 131.2
Consumer goods 118.0 118.6 118.6 118.4
Business equipment 183.0 185.1 186.2 187.0
Construction
supplies 139.0 139.5 138.3 137.0
Materials 163.1 164.9 166.6 167.8
Major industry
groups
Manufacturing 148.4 149.3 150.0 150.5
Durable 184.6 186.7 188.4 189.7
Nondurable 113.6 113.6 113.4 113.2
Mining 101.3 101.5 101.3 102.4
Utilities 110.8 114.8 117.7 114.7
Capacity utilization, percent
Average, Low, High, 1999
1967-99 1982 1988-89 June
Total 82.0 71.1 85.4 80.5
Previous estimate ... ... ... ...
Manufacturing 81.1 69.0 85.7 79.6
Advanced
processing 80.5 70.4 84.2 78.6
Primary processing 82.4 66.2 88.9 82.7
Mining 87.3 80.3 88.0 80.7
Utilities 87.5 75.9 92.6 92.1
Industrial production, index, 1992 = 100
Percentage change
June
1999
Category 2000(1) to
June
Mar.(r) Apr.(r) May(r) June(p) 2000
Total .6 .8 .5 .2 5.8
Previous estimate .7 .7 .4 ... ...
Major market groups
Products, total(2) .2 .6 .2 -.1 3.5
Consumer goods -.6 .5 .0 -.1 1.3
Business equipment 1.4 1.1 .6 .4 9.2
Construction
supplies 1.0 .4 -.9 -1.0 3.3
Materials 1.2 1.1 1.0 .7 9.6
Major industry
groups
Manufacturing .8 .6 .4 .3 6.4
Durable 1.5 1.1 .9 .7 10.2
Nondurable -.2 .0 -.2 -.2 1.6
Mining 1.3 .2 -.2 1.1 5.5
Utilities -3.9 3.6 2.5 -2.5 -2.3
MEMO
Capa-
city,
per-
centage
change
Capacity utilization, percent June
1999
2000 to
June
Mar.(r) Apr.(r) May(r) June(p) 2000
Total 81.7 82.1 82.2 82.1 3.8
Previous estimate 81.8 82.1 82.1 ... ...
Manufacturing 81.1 81.3 81.3 81.3 4.2
Advanced
processing 80.2 80.5 80.8 80.9 5.4
Primary processing 83.7 83.8 83.3 82.8 1.7
Mining 84.7 85.0 84.9 85.9 -.9
Utilities 86.1 89.1 91.3 88.9 1.3
NOTE. Data seasonally adjusted or calculated from seasonally
adjusted monthly data.
(1.) Change from preceding month,
(2.) Contains components in addition to those shown.
(r) Revised.
(p) Preliminary.
MARKET GROUPS The output of consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and edged down 0.1 percent in June; an increase of 0.5 percent in the production of durable consumer goods was more than offset by a decline in the production of nondurables. The gain in the production of durable consumer goods was the result of a 1.7 percent rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective in the output of automotive products. In contrast, the output of other consumer durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. decreased 0.5 percent, as the production of goods for the home, such as appliances, furniture, and carpeting, fell again. The decline in nondurable non·du·ra·ble adj. Not enduring; being in a state of constant consumption: nondurable items such as paper products. n. A consumable item: nondurables such as food. consumer goods was concentrated in energy products; the demand for electricity by households, which had shot up in April and May, fell back. The production of nondurable non-energy consumer goods edged up 0.1 percent, with solid gains in the production of consumer chemicals and paper products nearly offset by a decline in the output of clothing. The production of business equipment, which had increased more than 1 1/4 percent per month from January January: see month. to April, increased only 0.4 percent in June after a 0.6 percent advance in May. The production of high-technology equipment continued to rise strongly in June: The production of information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. and related equipment increased 1.3 percent on the strength of advances in the output of communications equipment and computers. The production index for the other equipment category also turned up sharply because of a jump in the output of farm machinery and equipment. However, the output of transit transit, in astronomy, passage of a body across a meridian or passage of a small body across the visible disk of a larger one. (The passage of a large body across a smaller one is called an eclipse or occultation. equipment fell again in June because of a continued decline in the production of commercial aircraft and a reduction in the production of medium and heavy trucks. In addition, the production of industrial equipment fell back 0.4 percent, largely reversing the gains in April and May; most of the decrease reflected a decline in the output of construction machinery. The production index for construction supplies fell 1.0 percent in June after having decreased 0.9 percent in May; for both months, declines in underlying industries were widespread. Since peaking in April, the index for construction supplies has retraced more than half of the increase posted earlier in the year. The output of materials was up 0.7 percent in June, a gain somewhat smaller than the average for the preceding three months. The output of durable goods materials rose 1.2 percent, with another strong increase in the production of parts for equipment and for consumer goods; however, the output of basic metals fell again in June. The production of nondurable goods materials dropped 0.5 percent, and the output of energy materials was unchanged. INDUSTRY GROUPS Manufacturing output rose 0.3 percent in June, after having advanced an average of 0.6 percent per month since the end of last year. The production of durable goods rose further, and the production of nondurable goods declined again. Among durable goods, continued increases in the production of high-technology goods accounted for most of the overall gain; however, output in some industries, such as primary metals and construction-related industries, has weakened weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. recently. The
output of nondurables slipped another 0.2 percent, a move led by
decreases in petroleum refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar and in the production of apparel and
paper.The factory operating rate Operating rate The percentage of total production capacity of a company, industry, or country that is being used. operating rate The portion of capacity at which a business operates. , at 81.3 percent, was unchanged. The utilization utilization, n 1. the extent to which a given group uses a particular service in a specified period. Although usually expressed as the number of services used per year per 100 or per 1000 persons eligible for the service, utilization rates may be rate for primary-processing industries decreased to 82.8 percent, and that for advanced-processing industries edged up, to 80.9 percent. The output of utilities fell back 2.5 percent following sharp gains in the preceding two months; the operating rate at utilities fell to 88.9 percent. Production at mines increased 1.1 percent after having fallen 0.2 percent in May; the utilization rate at mines rose to 85.9 percent. |
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