Industrial Production and Capacity Utilization for September 2000.Industrial production rose 0.2 percent in September September: see month. . At 146.0 percent of its 1992 average, industrial production was 5.7 percent higher than in September 1999. For the third quarter as a whole, the total index increased at an annual rate of 2.8 percent, the slowest quarterly rate since the first quarter of 1999. 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 held steady at 82.2 percent in September, a level 0.2 percentage point above its 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] 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 increased 0.8 percent in September after having edged up 0.1 percent in August. After two months of declines, the production of durable consumer goods increased 1.6 percent. The production of autos and light trucks rose 1.1 percent in September, but for the third quarter as a whole, assemblies were noticeably no·tice·a·ble adj. 1. Evident; observable: noticeable changes in temperature; a noticeable lack of friendliness. 2. Worthy of notice; significant. below the second-quarter rate. Auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Consumer products that are expected to last three years or more, such as an automobile or a home appliance. consumer durables See durable goods. moved up 1.6 percent after having fallen 2.2 percent in August. For the third quarter, the production of other consumer durables fell at an annual rate of 5.1 percent, as the output of appliances weakened weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. .
Industrial production and capacity utilization, September 2000
Industrial production, index, 1992=100
Category 2000
June(r) July(r) Aug.(r) Sept.(p)
Total 145.3 145.0 145.6 146.0
Previous estimate 145.2 145.2 145.7 ...
Major market groups
Products, total(2) 131.6 131.7 131.7 132.1
Consumer goods 119.4 119.0 119.1 120.1
Business equipment 187.2 188.6 189.7 190.3
Construction supplies 136.8 136.9 135.5 135.9
Materials 169.1 168.0 169.9 169.9
Major industry groups
Manufacturing 151.0 151.0 151.3 151.8
Durable 190.8 190.7 191.9 192.5
Nondurable 113.2 113.3 112.9 113.2
Mining 102.8 102.7 102.7 101.7
Utilities 118.7 114.3 118.4 119.3
Industrial production, index, 1992 = 100
Percentage change
Category 2000(1)
June(r) July(r) Aug.(r) Sept.(p)
Total .4 -.2 .4 .2
Previous estimate .3 .0 .3 ...
Major market groups
Products, total(2) .4 .0 .0 .4
Consumer goods .6 -.4 .1 .8
Business equipment .8 .8 .6 .3
Construction supplies -.4 .1 -1.1 .3
Materials .6 -.6 1.1 .0
Major industry groups
Manufacturing .5 .0 .2 .3
Durable .8 .0 .6 .3
Nondurable .0 .1 -.3 .3
Mining .6 -.1 .0 -1.0
Utilities -.3 -3.7 3.6 .7
Industrial production, index, 1992 = 100
Percentage change
Category Sept. 1999
to
Sept. 2000
Total 5.7
Previous estimate ...
Major market groups
Products, total(2) 3.6
Consumer goods 2.5
Business equipment 9.6
Construction supplies 1.3
Materials 9.1
Major industry groups
Manufacturing 6.2
Durable 10.0
Nondurable 1.2
Mining 3.4
Utilities 1.3
Capacity utilization, percent
1999 2000
Category Average Low, High,
1967-69 1982 1988-89
Sept. June(r)
Total 82.0 71.1 85.4 80.6 82.5
Previous estimate ... ... ... ... 82.4
Manufacturing 81.1 69.0 85.7 79.7 81.6
Advanced processing 80.5 70.4 84.2 78.7 81.1
Primary processing 82.4 66.2 88.9 82.8 83.2
Mining 87.3 80.3 88.0 81.8 86.3
Utilities 87.5 75.9 92.6 92.0 91.9
MEMO
per-
Capacity utilization, percent centage
change,
Category 2000 Sept. 1999
to
Sept. 2000
July(r) Aug.(r) Sept.(p)
Total 82.1 82.2 82.2 3.7
Previous estimate 82.2 82.3 ... ...
Manufacturing 81.3 81.3 81.2 4.2
Advanced processing 81.1 81.2 81.2 5.5
Primary processing 82.4 81.9 81.9 1.3
Mining 86.3 86.4 85.7 -1.3
Utilities 88.4 91.5 92.1 1.2
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.
The production of 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 rose 0.6 percent in September, with the output of both energy and non-energy products posting moderate gains. Within non-energy products, the output of chemical products increased 1.4 percent, paper products remained steady, and clothing moved down 1.1 percent. For the third quarter, the output of nondurable non-energy consumer goods rose at an annual rate of 4.1 percent. The production of consumer energy products increased 0.7 percent in September, mostly because of increases in the output of fuel oil and in residential sales of gas and electricity. The output of business equipment increased 0.3 percent, a slower pace than in any previous month this year. The production of industrial equipment, which had increased about 2.9 percent over the July-August period, fell 2.0 percent. The output of transit equipment declined an additional 1.1 percent as a result of a slowing in the assembly of business trucks. In contrast, the production of other equipment jumped 6.8 percent and was led by a sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz a·ble·ness n. increase in the production of farm
machinery and equipment. The output 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. equipment advanced 1.1 percent, with another strong gain in office and computing computing - computer equipment. The production of defense and space equipment fell for a second consecutive month, partly because of a strike at a major producer. The output of construction supplies increased 0.3 percent in September but only partially reversed the previous month's decline; for the third quarter, the index for construction supplies fell at an annual rate of 4.8 percent. The output of materials remained flat after having posted a large increase in August. The production of 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. materials edged up 0.1 percent, as another increase in the production of equipment parts, particularly semiconductors and computer parts, was largely offset by a drop in the production of parts for consumer durables. The output of nondurable goods materials was unchanged, continuing the weakness that has been evident in this sector over the past several months. The output of energy materials ticked down 0.1 percent. INDUSTRY GROUPS Manufacturing output advanced 0.3 percent in September, with increases about even in both durable and nondurable goods industries. Among durable goods, the gains were concentrated in lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to and products and in computers and semiconductors. The output of transportation equipment dropped 2.2 percent, while changes in the remaining durable goods industries were small. After several months of weak output, the production of nondurables advanced 0.3 percent; the output of nondurable goods was only 1.2 percent higher than a year earlier. The September gains were largely the result of higher production of chemicals and textile textile Any filament, fibre, or yarn that can be made into fabric or cloth, and the resulting material itself. The word originally referred only to woven fabrics but now includes knitted, bonded, felted, and tufted fabrics as well. mill products; in contrast, several industries, including apparel, petroleum, and rubber and plastics, posted moderate declines. 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. declined to 81.2 percent in September, with the easing concentrated in durable goods industries. The operating rate at electric utilities rose to 95.5 percent, 6 percentage points above its 1967-99 average; capacity utilization at gas utilities also increased to 76.4 percent. The operating rate for mining fell to 85.7 percent, with a noticeable decline in oil and gas well drilling Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, natural gas, or petroleum. Drilling for the exploration of the nature of the material underground (for instance in search of metallic ore) is best described . REVISION (programming) revision - A release of a piece of software which is not a major release or a bugfix, but only introduces small changes or new features. OF INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION On December December: see month. 5, the Federal Reserve Board will publish revisions to the index of industrial production (IP), to the related measures of capacity and capacity utilization, and to the index of industrial use of electric power. The updated measures will reflect both the incorporation of newly available, more comprehensive source data typical of annual revisions and, for some series, the introduction of improved compilation Compiling a program. See compiler. methods. The revision will also include a refinement of the method used to aggregate the individual series in the production and capacity indexes. The new source data are for recent years, primarily 1997 through 1999, and the modified mod·i·fy v. mod·i·fied, mod·i·fy·ing, mod·i·fies v.tr. 1. To change in form or character; alter. 2. methods will affect data from 1992 onward on·ward adj. Moving or tending forward. adv. also on·wards In a direction or toward a position that is ahead in space or time; forward. . The G. 17 statistical release will be redesigned with the publication of the revision. Special aggregates will be added, and some detailed industry data will no longer be listed in the regular release, but will be available on the Federal Reserve Board's public web site. On November November: see month. 15, a template (1) A pre-designed document or data file formatted for common purposes such as a fax, invoice or business letter. If the document contains an automated process, such as a word processing macro or spreadsheet formula, then the programming is already written and embedded in the of the redesigned tables will be made available on the Board's web site (www.federalreserve.gov/releases/g17). The updating of source data for IP will include annual data from the following reports of the Bureau of the Census Noun 1. Bureau of the Census - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Census Bureau : the 1997 Census census, periodic official count of the number of persons and their condition and of the resources of a country. In ancient times, among the Jews and Romans, such enumeration was mainly for taxation and conscription purposes. of Manufactures, the 1998 Annual Survey of Manufactures, and selected editions of its 1998 and 1999 Current Industrial Reports. Annual data from the U.S. Geological Survey The term geological survey can be used to describe both the conduct of a survey for geological purposes and an institution holding geological information. A geological survey regarding metallic and nonmetallic non·me·tal·lic adj. 1. Not metallic. 2. Chemistry Of, relating to, or being a nonmetal. Adj. 1. minerals (except fuels) for 1998 and 1999 will also be introduced. The updating will include revisions to the monthly indicator for each industry (either physical product data, production-worker hours, or electric power usage) and revised seasonal factors. Capacity and capacity utilization will be revised to incorporate preliminary data from the 1999 Survey of Plant Capacity of the Bureau of the Census, which covers manufacturing, along with other new data on capacity from the U.S. Geological Survey, the Department of Energy, and other organizations. The statistics on the industrial use of electric power will incorporate additional information received from utilities for the past few years and will include some data from the 1997 Census of Manufactures and 1998 Annual Survey of Manufactures. Aggregate industrial production indexes have been built as annually weighted chain-type indexes, beginning with data for 1977. Currently, the weights are changed at the middle of every year; with the coming revision, the weights will change every month, rather than once a year, beginning with data for 1992. Once the revision is published, it will be made available on the Board's web site (www.federalreserve.gov/releases/g17). The revised data will also be available through the web site of the Department of Commerce. Further information on these revisions is available from the Board's Industrial Output Section (telephone 202-452-3197). All series are seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. . Latest series, September. Capacity is an index of potential industrial production. |
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