Industrial production and capacity utilization: the 2001 annual revision.In late 2001, the Board of Governors of the Federal Reserve System published the annual revision of its index of industrial production Industrial production A statistic determined by the Federal
Reserve Board focusing on the total output of all US factories and mines
on a monthly basis. Used as an economic
indicator. (IP)
and the related measures of capacity and capacity utilization for the
period January 1992 through October 2001 (chart 1). Measured from fourth
quarter to fourth quarter, industrial output and capacity are reported
to have increased at a slower rate in 1999 and 2000 than previously
reported, and the revision places the decline in IP in 2001 at an annual
rate of 6.0 percent. (1) The estimated rate of increase in capacity in
2001 was lowered 0.7 percentage point, to 1.7 percent.[GRAPHIC OMITTED] Despite the downward revision to IP in 1999 and 2000, the general contour is the same as that in the earlier estimates. After having picked up in the second half of 1999 and having posted rapid gains in the first half of 2000, industrial output slowed noticeably at midyear. According to the revised data, however, industrial output in the second half of 2000 was weaker than previously estimated, and the peak in IP occurred in June 2000 instead of August 2000. The cumulative decline in IP since the June peak is 7.0 percent (table 1). (2) The rate of industrial capacity utilization (the ratio of production to capacity) as of the third quarter of 2001 was little changed by the revision; at 74.6 percent in the fourth quarter of 2001, the rate is 4 percentage points below the nadir of the 1990-91 recession but 3 percentage points above that of the 1982 recession. (3) For the fourth quarter of 2000, capacity utilization was revised down 0.6 percentage point, to 80.7 percent; a downward revision to the operating rate in manufacturing of 1.2 percentage points was partly offset by an upward revisions to the operating rates in mining and utilities. The updated measures reflect the incorporation of newly available, more-comprehensive source data and the introduction of improved methods for compiling a few series. The new source data are for recent years, primarily 1999 forward, and the modified methods affect the indexes from 1992 forward. The statistical revisions to the IP index were derived principally from the inclusion of information contained in annual reports issued by the U.S. Census Bureau--the 1999 Annual Survey of Manufactures and selected 2000 Current Industrial Reports. Annual data from the U.S. Geological Survey (USGS) on minerals (except fuels) were also introduced; revised data for 1999 and some new data for 2000 were available. In addition, the new monthly production estimates for 2000 and 2001 reflect updated seasonal factors and the inclusion of monthly source data that became available (or were revised) after the closing of the regular four-month reporting window. The capacity indexes and capacity utilization rates incorporate the revised production indexes, results from the Census Bureau's 2000 Survey of Plant Capacity for the fourth quarter of the year, and newly available 2000 data on industrial capacity from the USGS, the Energy Information Administration (EIA) of the U.S. Department of Energy, and other organizations. In addition, the relationships used to estimate the current change in manufacturing capacity reflect the inclusion of the Census data on capital spending by industry for 1999 and indicators of the rate of change in manufacturing capital spending in 2000 and 2001. The revised indexes of industrial production and capacity also reflect the updating of the value-added weights used in aggregating the individual indexes to the major industry and market group subtotals and to total industry. The industry groups in IP and capacity continue to be based on the 1987 Standard Industrial Classification (SIC); in the 2002 revision, the industrial production and capacity utilization data will be constructed and grouped according to the North American Industry Classification System (NAICS). Beginning with this revision, the capacity index for the extraction of natural gas is based on newly available estimates from the EIA; the new data substantially lower the estimate of the industry's capacity for the 1995-99 period. The new EIA figures are designed to better reflect the ability of producing wells to deliver gas into the gathering and pipeline system; the previous EIA figures measured capacity at the wellhead only. The revision also incorporates new source data for another capacity series (silver); refinements to the methods used to compile two monthly production series (construction machinery and original equipment motor vehicle parts); and new methods and new source data to derive the value-added weights for the IP and capacity series for electric utilities. The rates of change in the new weights were applied to the old 1992 weight to derive a new series of annual weights ("best-change" method) and result in slightly larger value-added proportions for the electric utility industry. SUMMARY OF THE REVISION For the third quarter of 2001, the revision places the production index at 139.6 percent of output in 1992 and the capacity index at 183.2 percent of output in 1992 (appendix table 1); both indexes are lower than reported previously (chart 1). As noted earlier, the capacity utilization rate was little changed for the third quarter of 2001. Appendix tables 2, 3, and 4 show new data for monthly manufacturing IP and capacity utilization as well as the results for total and manufacturing industries, excluding selected high-technology industries. Tables 5 and 6 show the revised rates of change of industrial production for market groups, industry groups, special aggregates, and selected detail for the years 1997 through 2001 (fourth quarter to fourth quarter); tables 7 and 8 show the revised figures for capacity utilization and capacity. For production and capacity, the tables also show the difference between the revised and earlier rates of change (third quarter used for 2001). For capacity utilization, the tables show the difference between the revised and previous rates for the final quarter of the year. Industrial production The revision lowered the rate of increase in industrial output 0.7 percentage point for 1999 and 1.6 percentage points for 2000 (measured from the fourth quarter of the preceding year to the fourth quarter of the year indicated); the increase in industrial production was raised slightly for 1997 and 1998. The somewhat faster increase in IP now shown for 1997 and 1998 reflects both the incorporation of recently issued revisions to the annual Census data and the introduction of refinements and revisions to the price deflators used to construct the annual indexes that determine the trend in each industrial production series from one year to the next. (4) For most two-digit manufacturing industries, the new annual reports issued by the Census Bureau implied only small changes to previously published IP figures for 1999. The output indexes for the transportation equipment industry, the apparel and products industry, and the rubber and plastics industry were revised up. However, new data for the computer industry, mainly for printers and other peripheral equipment, implied a weaker gain in output for the industrial machinery and equipment group. The output of that industry was also lowered in 2000 because of the inclusion of available data from the Current Industrial Reports. Nonetheless, on balance, the revised data still indicate that the production of industrial machinery and equipment increased at a robust rate in both years. The revision now places the rise in the production index for the output of high-technology industries--computers and office equipment (SIC 357), semiconductors and related devices (SIC 3672-9), and communications equipment (SIC 366)--at about 40 percent in 2000. The previously published estimate was appreciably stronger; the new estimates show less-rapid gains in the output of semiconductors, computers, and peripherals. The downward revisions to the indexes for semiconductor output reflect the incorporation of data from the 2000 Current Industrial Report and more-comprehensive information on prices. Excluding high-technology industries, the revised IP series show more-pronounced weakness, mainly in manufacturing, in the second half of 2000. The change reflects the updating of seasonal factors and the inclusion of revisions to monthly source data. The more-pronounced weakness appears in the durable goods manufacturing industries, especially the industrial machinery, motor vehicle parts, instruments, furniture, and stone, clay, and glass products industries. Among major market groups, the revised production indexes for consumer goods and for construction supplies showed, on balance, little change for 2000 and 2001. The revised indexes for business equipment and for industrial materials showed slower gains in 2000 and little change in the decline for 2001. The revised position of the peak in 2000 in overall industrial production reflects reductions in the rates of change between June 2000 and August 2000 for several industries. The selected high-technology aggregate is a major contributor to the change in the peak; new data suggest that output in 2000 was lower than previously estimated, and based on revised high-frequency source data, production was revised down more sharply in the second half of 2000 than in the first half. In addition, both new data on cigarette production and updated methods for estimating the output of motor vehicle parts contributed to the dip into negative territory of the rate of change in IP between June 2000 and August 2000. Over history, the initial estimates of industrial production have tended to reliably indicate the turning points in IP (with all of its source data incorporated). For the four previous recessions, the initial estimates identified the first month of decline in IP correctly or one month early. For three of the four previous recessions, they identified the first month of recovery correctly or one month early. For the fourth recession, despite showing a significant slowing of declines around the currently estimated turning point, the initial estimates of IP pegged the beginning of the recovery two months later than is now shown. Capacity Manufacturing capacity in 2001 is estimated to have risen 1.6 percent, more than 1 percentage point lower than previously published. On average, manufacturing capacity increased 4.6 percent per year in 1999 and 2000 (previously estimated at about 5 percent) and, on average, expanded 6 percent per year from 1994 through 1998 (a number virtually unchanged from the previous estimates). The rapid gains in capacity during the second half of the 1990s were concentrated in industries that produce high-technology goods and devices. Given the downward revision to output in these industries, the pace of capacity expansion was also revised down; nonetheless, from 1994 through 2000 it still averaged nearly 40 percent per year. The relatively slow expansion of capacity in these industries in 2001, now estimated at 12.9 percent, was in large part the result of a downshift in capital spending by semiconductor manufacturers. Outside the selected high-technology industries, investment spending for 2001 is estimated to have fallen 6 percent, and plant capacity is estimated to have edged up 0.3 percent, down from the 2 percent pace in 1999 and the 3.2 percent annual average for 1994 through 1998. Capacity in mining was revised down noticeably for the 1995-2000 period but was revised up substantially for 2001. The changes were primarily the result of incorporating new EIA measures for the capability to extract natural gas; in value-added terms, natural gas extraction is about 30 percent of mining output. According to the revised data, from 1995 through 1998, capacity at mines increased a scant 0.1 percent per year, and in 1999 and 2000, it declined about 2 percent per year. For 2001, however, mining capacity is estimated to have increased 0.4 percent. Capacity at electric and gas utilities increased a bit more slowly from 1997 through 2000 than previously reported. The North American Electric Reliability Council reduced its estimate of generating capacity for 2000 but sharply increased the estimate for 2001; as a result, the rise in capacity at utilities for 2001 was revised up more than 1 percentage point, to 5.2 percent. In both the previous and the revised data, the rate of expansion of utility capacity for 2001 is the largest since 1974, a surge reflecting the response of producers to the significant shortfall in generating capacity last winter. Capacity Utilization The Survey of Plant Capacity indicated that the factory operating rate was lower in the fourth quarter of 2000 than previously estimated. The revised utilization rate for manufacturing was 79.1 percent in the final quarter of 2000, 1 percentage point lower than reported earlier. Capacity utilization in manufacturing reached 81.7 percent in the middle of 2000, 0.6 percentage point above its long-term (1967-2000) average. The factory operating rate had climbed to 83 percent in 1997, before the onset of economic turmoil in Asia, but dropped back more than 2 percentage points by the end of 1998. From the middle of 2000 through the fourth quarter of 2001, the utilization of manufacturing capacity plummeted almost 9 percentage points. Among manufacturing industries in the fourth quarter of 2001, the utilization rates for primary processors were nearly the same as those for advanced processors. Since the middle of 2000, the decline in the rate for primary-processing industries--about 12 percentage points--has been especially sharp. Primary processors were operating at relatively elevated rates in the second quarter of 2000. The rates for primary metals; semiconductors; stone, clay, and glass products; petroleum products; and motor vehicle parts were above their long-term averages. By the fourth quarter of 2001, the only primary-processing industry that was operating at rates above its long-term average was petroleum and products. Among advanced processors, only the producers of light trucks, ships and boats, and chemical products were operating at above-average rates. Capacity utilization in mining was revised up to 90.7 percent in the third quarter of 2001 and then declined to 88.4 percent in the fourth quarter, still somewhat higher than its long-term average of 87.6 percent. The utilization rate for electric and gas utilities in the third quarter of 2001 was little changed by the revision, but the rates in 1998, 1999, and 2000 increased. TECHNICAL ASPECTS OF THE REVISION As noted earlier, the annual revision incorporated more-comprehensive annual data on industry output, utilization, value added, and capital spending for 1999 and 2000, along with an update of all seasonal factors and monthly data on production, production-worker hours, and electric power use. In addition, the capital input measures used in the construction of capacity indexes incorporate more-recent data for overall business investment and prices from the Bureau of Economic Analysis. (5) Previously issued annual data on output and prices for 1997 and 1998 that were slightly revised by the original source were also included. The Census Bureau reported its new 1999 and 2000 data on industry output and capacity utilization, as well as its revisions to 1997 and 1998 data, on the new North American Industrial Classification System (NAICS). Before being included in the IP and capacity indexes, which continue to be based on the 1987 Standard Industrial Classification (SIC), the data were recategorized by the Federal Reserve according to the SIC system. In the 2002 revision, the industrial production and capacity utilization data will be derived according to NAICS; data from at least 1977 forward will be subject to revision; and the indexes will be rebased, with 1997 equal to 100. The new NAICS production data will be derived from annual output measures constructed by reclassifying the establishments in historical Censuses of Manufactures and Mineral Industries according to NAICS categories; annual output indexes constructed in this way maximize the reliability and historical consistency of the IP industry detail. Revised Monthly Data The product data that are used to measure the monthly movements of many IP indexes were updated to capture data that became available after the closing of the regular four-month reporting window. For example, monthly data from the U.S. Department of the Treasury on the production of alcoholic beverages and cigarettes may be unavailable initially but available for inclusion in the annual revision. The input measures were also updated to incorporate revised data on monthly production-worker hours (based on the Bureau of Labor Statistics [BLS] benchmark of employment to March 2000 comprehensive measures) and on monthly electric power use since 1997. Besides benchmarking data on production-worker hours to March 2000 comprehensive measures, the BLS also incorporated data derived from new sampling procedures from 1999 forward. The new estimates reduced the change in production-worker hours at manufacturers in the second half of 2000, with the bulk of the reduction in industries in which the data on production-worker hours are used as the monthly production indicator in IP. Seasonal factors for all series were re-estimated using data that extend into 2001. Factors for production-worker hours, which adjust for timing, holiday, and monthly seasonal patterns, were updated with data through October 2001. Factors for the electric power series, which are developed using multivariate methods, were re-estimated using data through May 2001. The updated factors for the physical product series, which include adjustments for holiday and workday patterns, used data through at least June 2001. Seasonal factors for unit motor vehicle assemblies were updated with data through September 2001; they are on the Board's web site at www.federalreserve.gov/releases/g17/mvsf.htm. Weights for Aggregation The weights for the aggregation of IP indexes and capacity utilization rates are derived from annual estimates of industry value added. For manufacturing, the Census Bureau provides such data annually; for mining, quinquennial figures are provided. For the electric and gas utility industries, the Federal Reserve derives estimates of value added from annual revenue and expense data issued by other organizations. Estimates of industry value added were updated with annual data through 1999, and the weights for aggregation (unit value added) were estimated using the most recent data on producer prices. Appendix table 9 reports the annual value-added proportions incorporated in the IP index from 1994 forward. Beginning with this revision, the methods and data used to obtain estimates of value added in the electric utility industry have been improved. A change was necessary for several reasons. First, many of the data that had been used to compute value added were contained in an EIA publication that has been discontinued. Second, the EIA data on "utilities" include regulated entities only, and data covering all producers of electric power (that is, including the unregulated power generators) are required to avoid a severe understatement of the value added by the entire industry in 2000. Finally, a review of the earlier methods suggested value added was understated for the period preceding the deregulation of the industry. The Federal Reserve's new estimates of value added for the electric utility industry were constructed according to the Census definition of value added, that is, industry revenue minus the cost of purchased material inputs. Data on industry revenue (including all establishments that distribute power to final users) were obtained from Statistical Yearbooks issued by the Edison Electric Institute; these data were combined with EIA measures of fuel costs to obtain an estimate of Census value added. The new figures were applied on a best-change basis for the period from 1992 forward; the 2002 revision will introduce refined results as well as revised figures for earlier years. Changes to Individual Series With this revision, the capacity series for natural gas extraction (part of SIC 13) incorporates new estimates developed by the EIA; the new estimates are substantially lower than the agency's previous figures that were used to derive the capacity for natural gas extraction. The new figures are designed to better reflect the ability of producing wells to deliver gas into the gathering and pipeline system, whereas previous EIA figures measured capacity at the wellhead only. The source data for one other capacity series has changed. The index for silver capacity is now based on data from the USGS; previously it was derived using a trend-through-peak method. The monthly production indicators for construction machinery and original equipment motor vehicle parts were refined. The weights used to combine the available product data for construction machinery were updated. The indicator for motor vehicle parts is now developed from monthly product data (engines, brakes, axles, and transmissions), production-worker hours, and motor vehicle assemblies; previously, the series was derived from the product data only. The annual estimates of motor vehicle repair parts were also improved; their derivation now includes information on the average age of the motor vehicle fleet. LAN Equipment The 2000 revision introduced a new IP series for the production of local area network (LAN) equipment (routers, switches, and hubs). The new series is not published in the monthly statistical release, but it is included in the broader IP aggregate for communications equipment and updated on an ongoing basis (see the March 2001 Bulletin article). Table 2 shows updates of the results for LAN equipment originally issued a year ago.
APPENDIX A: SUMMARY TABLES BASED ON THE G.17 RELEASE, JANUARY 16, 2002
A.1 Revised data for industrial production, capacity,
and utilization for total industry
Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June
Industrial production (percent change)
1979 -.5 .8 .3 -.9 1.2 .0
1980 .5 .1 .0 -1.9 -2.5 -1.3
1981 -.9 .5 .5 -.7 .8 .6
1982 -1.6 2.2 -.7 -.9 -.8 -.3
1983 2.1 -.2 1.0 1.3 1.2 .6
1984 2.1 -.2 1.1 .5 .6 .5
1985 .4 .9 .3 .2 .2 -.2
1986 .6 -.7 -1.0 .8 -.2 -.3
1987 -.6 1.2 .4 .4 .4 .9
1988 .1 .3 .0 .6 .1 .1
1989 .6 -.8 .9 .2 -.6 -.2
1990 -.5 .5 .5 -.6 .4 .0
1991 -.5 -.8 -.9 .3 .8 1.2
1992 .0 .5 .9 .7 .3 -.1
1993 .3 .4 .2 .3 -.4 .2
1994 .2 .3 .8 .6 .7 .5
1995 .5 .0 .1 -.2 .3 .4
1996 -.3 1.2 -.1 1.0 .7 .7
1997 .4 1.1 .1 .6 .3 .5
1998 .6 .1 .3 .5 .3 -.6
1999 .7 .2 .4 .1 .4 .2
2000 .2 .6 .6 .5 .7 .4
2001 -.8 -.3 -.4 -.6 -.3 -.9
Industrial production (index)
1999 136.9 137.2 137.8 137.9 138.5 138.8
2000 143.2 144.0 144.9 145.6 146.6 147.2
2001 143.9 143.5 142.9 142.0 141.6 140.3
Capacity (index)
1999 168.4 168.9 169.5 170.0 170.5 171.0
2000 174.8 175.4 176.0 176.6 177.2 177.9
2001 181.5 181.8 182.2 182.4 182.6 182.8
Utilization (level, percent)
1979 86.7 87.1 87.1 86.1 86.9 86.7
1980 84.7 84.6 84.4 82.6 80.4 79.2
1981 81.2 81.4 81.6 80.9 81.4 81.8
1982 76.3 77.8 77.1 76.2 75.4 75.0
1983 72.5 72.3 72.9 73.7 74.5 74.8
1984 80.4 80.1 80.8 81.0 81.3 81.5
1985 79.9 80.4 80.4 80.3 80.3 79.9
1986 79.8 79.2 78.2 78.7 78.4 78.1
1987 79.1 80.0 80.2 80.5 80.7 81.4
1988 83.2 83.4 83.3 83.7 83.7 83.6
1989 85.4 84.6 85.3 85.3 84.7 84.4
1990 82.7 83.0 83.3 82.7 82.9 82.7
1991 79.6 78.9 78.1 78.2 78.7 79.6
1992 79.0 79.3 79.8 80.3 80.3 80.1
1993 81.1 81.3 81.2 81.4 80.9 80.9
1994 82.1 82.1 82.6 82.8 83.1 83.3
1995 84.5 84.2 83.9 83.4 83.3 83.3
1996 81.9 82.5 82.0 82.5 82.7 82.9
1997 83.1 83.6 83.3 83.4 83.3 83.3
1998 83.6 83.1 82.9 82.9 82.7 81.8
1999 81.3 81.2 81.3 81.1 81.2 81.2
2000 81.9 82.1 82.3 82.5 82.7 82.8
2001 79.3 78.9 78.5 77.8 77.5 76.7
Year July Aug. Sept. Oct. Nov. Dec.
Industrial production (percent change)
1979 -.7 -.4 .1 .4 -.5 -.2
1980 -.6 1.2 1.5 .7 1.6 .5
1981 .9 -.4 -.8 -.8 -1.4 -1.1
1982 -.8 -.5 -.7 -.8 -.3 -.8
1983 1.8 1.3 1.7 .8 -.1 .5
1984 .2 .0 -.1 -.5 .1 -.4
1985 -.4 .6 .6 -.9 .6 .7
1986 .3 .3 -.1 .9 .5 .9
1987 .6 .1 -.1 1.4 .3 .6
1988 .7 .5 -.4 .3 .8 .5
1989 -1.0 .4 -.2 -.5 .4 .5
1990 .0 .2 .1 -.6 -1.3 -.6
1991 .1 .1 1.0 -.1 -.1 -.6
1992 .9 -.3 .4 .5 .6 .0
1993 .2 -.2 1.0 .4 .5 .8
1994 .3 .4 .2 .8 .6 1.1
1995 -.5 1.3 .4 -.1 .3 .2
1996 .2 .6 .5 .0 1.0 .6
1997 .5 1.0 .7 .7 .6 .2
1998 -.2 1.9 -.2 .6 -.4 .0
1999 .6 .5 .0 .8 .4 .7
2000 -.4 .1 .1 -.4 -.3 -.4
2001 .1 -.3 -1.1 -.7 -.4 -.1
Industrial production (index)
1999 139.6 140.2 140.3 141.3 141.9 142.9
2000 146.5 146.7 146.8 146.3 145.8 145.1
2001 140.4 140.0 138.5 137.5 136.9 136.7
Capacity (index)
1999 171.5 172.0 172.5 173.1 173.6 174.2
2000 178.5 179.0 179.6 180.1 180.6 181.1
2001 183.0 183.2 183.3 183.5 183.7 183.8
Utilization (level, percent)
1979 85.9 85.4 85.3 85.5 84.9 84.5
1980 78.5 79.3 80.3 80.7 81.8 82.1
1981 82.3 81.8 80.9 80.1 78.8 77.7
1982 74.2 73.7 73.0 72.2 71.9 71.1
1983 76.1 77.0 78.2 78.7 78.6 78.9
1984 81.5 81.3 81.0 80.5 80.4 79.8
1985 79.4 79.6 79.9 79.0 79.2 79.5
1986 78.2 78.3 78.2 78.8 79.1 79.7
1987 81.8 81.8 81.6 82.6 82.8 83.2
1988 84.1 84.5 84.1 84.2 84.8 85.1
1989 83.4 83.6 83.3 82.8 83.0 83.2
1990 82.6 82.6 82.6 82.0 80.8 80.2
1991 79.5 79.5 80.2 80.0 79.8 79.2
1992 80.7 80.3 80.4 80.7 81.0 80.9
1993 81.0 80.6 81.3 81.4 81.6 82.1
1994 83.3 83.4 83.3 83.6 83.8 84.4
1995 82.5 83.2 83.2 82.8 82.7 82.5
1996 82.7 82.9 83.0 82.6 83.0 83.1
1997 83.2 83.6 83.7 83.8 83.9 83.6
1998 81.2 82.4 81.8 82.0 81.3 81.1
1999 81.4 81.5 81.3 81.7 81.7 82.0
2000 82.1 81.9 81.7 81.2 80.7 80.2
2001 76.7 76.4 75.5 74.9 74.5 74.4
Quarter
Year Annual
1 2 3 4 avg. (1)
1979 2.2 1.1 -2.3 -.3 3.3
1980 .8 -15.0 -4.2 14.2 -2.8
1981 1.9 2.2 4.1 -10.5 1.6
1982 -6.4 -5.2 -7.3 -7.5 -5.4
1983 6.8 11.9 17.3 10.3 3.7
1984 11.1 7.2 2.6 -2.6 8.9
1985 3.0 2.8 .3 1.4 1.6
1986 2.0 -1.7 .7 6.5 1.1
1987 4.2 6.7 5.6 7.1 4.6
1988 3.2 3.1 3.9 3.6 4.5
1989 3.8 .5 -4.4 -.1 1.8
1990 2.0 .6 1.0 -5.8 -.2
1991 -8.3 1.5 6.2 1.1 -2.0
1992 .6 6.6 3.3 4.4 3.1
1993 3.6 1.5 1.8 6.5 3.4
1994 5.7 7.6 5.2 7.5 5.5
1995 5.9 .8 3.6 3.6 4.8
1996 2.9 8.4 6.3 5.8 4.6
1997 7.7 6.0 7.7 8.2 6.9
1998 4.5 3.2 2.8 3.5 5.1
1999 3.6 3.3 4.7 5.8 3.7
2000 5.8 7.0 .6 -2.6 4.5
2001 -6.1 -5.9 -4.7 -7.2 -3.9
Industrial production (index)
1999 137.3 138.4 140.0 142.0 139.4
2000 144.0 146.5 146.7 145.7 145.7
2001 143.5 141.3 139.6 137.0 140.1
Capacity (index)
1999 168.9 170.5 172.0 173.6 171.3
2000 175.4 177.2 179.0 180.6 178.1
2001 181.8 182.6 183.2 183.7 182.8
Utilization (level, percent)
1979 87.0 86.6 85.5 85.0 86.0
1980 84.6 80.7 79.4 81.5 81.5
1981 81.4 81.4 81.7 78.9 80.8
1982 77.1 75.6 73.6 71.7 74.5
1983 72.6 74.4 77.1 78.7 75.7
1984 80.4 81.3 81.3 80.2 80.8
1985 80.2 80.2 79.6 79.2 79.8
1986 79.1 78.4 78.2 79.2 78.7
1987 79.8 80.8 81.7 82.9 81.3
1988 83.3 83.7 84.2 84.7 84.0
1989 85.1 84.8 83.4 83.0 84.1
1990 83.0 82.8 82.6 81.0 82.3
1991 78.9 78.8 79.7 79.6 79.3
1992 79.4 80.2 80.5 80.9 80.2
1993 81.2 81.1 81.0 81.7 81.2
1994 82.3 83.1 83.3 84.0 83.2
1995 84.2 83.3 83.0 82.7 83.3
1996 82.1 82.7 82.9 82.9 82.7
1997 83.3 83.3 83.5 83.8 83.5
1998 83.2 82.5 81.8 81.5 82.2
1999 81.3 81.2 81.4 81.8 81.4
2000 82.1 82.6 81.9 80.7 81.8
2001 78.9 77.4 76.2 74.6 76.8
NOTE: Monthly percent change figures show changes from the previous
month; quarterly figures show the change from the previous quarter
at a compound annual rate of growth. Production and capacity indexes
are expressed as percentages of output in 1992.
Estimates from October 2001 through December 2001 are subject to
further revision in the upcoming monthly releases.
(1.) Annual averages of industrial production are calculated from
indexes that are not seasonally adjusted.
A.2. Revised data for industrial production, capacity, and
utilization for manufacturing industries
Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June
Industrial production (percent change)
1979 -.3 .7 .4 -1.5 1.5 .1
1980 .2 .3 -.4 -2.1 -3.1 -1.5
1981 -.6 .6 .3 .2 .7 -.1
1982 -2.0 2.9 -.7 -.9 -.4 .0
1983 2.5 .4 1.4 1.1 1.4 .8
1984 2.5 .6 .7 .5 .4 .7
1985 .1 .6 .7 .2 .5 -.3
1986 1.5 -.5 -.9 1.4 -.1 -.3
1987 -.8 1.6 .2 .5 .3 1.0
1988 -.2 .4 -.1 1.0 -.1 .0
1989 .9 -1.2 .8 .1 -.7 .0
1990 -.2 .9 .3 -.8 .4 -.1
1991 -.9 -.7 -1.1 .3 .7 1.4
1992 .1 .7 1.0 .6 .4 .0
1993 .7 .2 .2 .5 -.3 .0
1994 .1 .4 1.1 .8 .8 .3
1995 .6 -.1 .2 -.3 .1 .5
1996 -.3 1.2 -.2 1.2 .8 .9
1997 .4 1.2 .3 .5 .4 .7
1998 .9 .0 .2 .7 .2 -.7
1999 .6 .4 .2 .2 .6 .1
2000 .3 .5 .9 .3 .7 .5
2001 -.8 -.3 -.4 -.8 -.2 -1.0
Industrial production (index)
1999 141.8 142.4 142.7 143.0 143.8 143.9
2000 149.0 149.8 151.1 151.6 152.6 153.3
2001 148.9 148.4 147.9 146.7 146.4 145.0
Capacity (index)
1999 176.1 176.8 177.4 178.0 178.6 179.2
2000 183.8 184.6 185.4 186.1 186.9 187.7
2001 192.0 192.4 192.7 193.0 193.2 193.4
Utilization (level, percent)
1979 86.4 86.7 86.9 85.3 86.4 86.3
1980 83.3 83.3 82.7 80.8 78.1 76.7
1981 79.0 79.2 79.3 79.3 79.6 79.3
1982 72.6 74.6 73.9 73.1 72.7 72.6
1983 70.6 70.8 71.8 72.5 73.4 73.9
1984 79.3 79.5 79.8 80.0 80.1 80.3
1985 78.9 79.1 79.3 79.2 79.4 78.9
1986 79.1 78.6 77.8 78.7 78.5 78.1
1987 79.1 80.2 80.3 80.6 80.7 81.4
1988 82.9 83.1 82.9 83.7 83.5 83.4
1989 85.7 84.5 85.0 85.0 84.2 84.1
1990 81.8 82.5 82.6 81.8 82.0 81.8
1991 78.2 77.5 76.6 76.8 77.1 78.1
1992 78.0 78.4 79.0 79.4 79.5 79.4
1993 80.4 80.4 80.4 80.6 80.2 80.0
1994 81.1 81.1 81.8 82.2 82.5 82.5
1995 84.1 83.7 83.5 82.9 82.6 82.6
1996 80.9 81.4 80.8 81.3 81.5 81.8
1997 82.1 82.7 82.5 82.5 82.4 82.5
1998 83.0 82.4 82.1 82.2 81.8 80.8
1999 80.5 80.6 80.4 80.3 80.5 80.3
2000 81.0 81.1 81.5 81.4 81.6 81.7
2001 77.6 77.2 76.7 76.0 75.8 75.0
Year July Aug. Sept. Oct. Nov. Dec.
Industrial production (percent change)
1979 -.5 -.9 .0 .5 -.7 -.1
1980 -.7 1.7 1.5 1.1 1.7 .3
1981 .6 -.8 -.8 -1.1 -1.6 -1.6
1982 -.8 -.5 -.5 -1.2 -.3 -.7
1983 1.5 1.1 2.2 .6 .3 -.1
1984 .3 .1 -.2 .0 .1 -.3
1985 -.4 .9 .4 -.8 1.1 -.1
1986 .3 .6 .0 .8 .4 1.2
1987 .7 -.2 .1 1.3 .5 .6
1988 .7 .3 .2 .2 .9 .6
1989 -1.1 .3 -.3 -.6 .4 .1
1990 .0 .3 -.1 -.6 -1.3 -.6
1991 .2 .2 1.1 -.1 -.2 -.5
1992 .9 -.3 .3 .5 .6 -.1
1993 .2 -.3 1.1 .4 .5 .9
1994 .5 .6 .3 .9 .8 1.1
1995 -.7 1.2 .7 .0 .1 .1
1996 .6 .6 .6 .0 1.0 .7
1997 .4 1.3 .6 .6 .7 .3
1998 -.2 2.3 -.2 .8 -.2 .2
1999 .4 .8 .0 .8 .6 .6
2000 -.4 -.1 .1 -.5 -.5 -.7
2001 .2 -.5 -1.1 -.7 -.2 -.1
Industrial production (index)
1999 144.4 145.6 145.7 146.8 147.7 148.6
2000 152.7 152.6 152.8 152.0 151.2 150.1
2001 145.2 144.5 142.9 141.8 141.5 141.3
Capacity (index)
1999 179.8 180.4 181.1 181.7 182.4 183.1
2000 188.4 189.1 189.8 190.4 191.0 191.5
2001 193.5 193.6 193.8 193.9 194.1 194.2
Utilization (level, percent)
1979 85.6 84.5 84.3 84.5 83.6 83.3
1980 75.9 77.0 77.9 78.6 79.7 79.7
1981 79.6 78.8 78.0 77.0 75.6 74.2
1982 71.8 71.4 70.9 69.9 69.6 69.0
1983 74.8 75.6 77.2 77.6 77.7 77.5
1984 80.4 80.2 79.8 79.6 79.5 79.0
1985 78.3 78.8 78.8 77.9 78.5 78.2
1986 78.2 78.6 78.4 78.9 79.1 79.9
1987 81.8 81.5 81.5 82.5 82.8 83.1
1988 83.8 84.0 84.0 84.1 84.8 85.1
1989 83.0 83.1 82.7 82.1 82.2 82.1
1990 81.6 81.7 81.5 80.9 79.7 79.0
1991 78.2 78.2 79.0 78.9 78.6 78.1
1992 80.0 79.6 79.7 79.9 80.2 80.0
1993 80.1 79.7 80.4 80.5 80.7 81.2
1994 82.6 82.8 82.7 83.1 83.4 84.0
1995 81.7 82.3 82.5 82.1 81.8 81.5
1996 81.9 82.0 82.1 81.7 82.1 82.2
1997 82.4 83.0 83.0 83.0 83.0 82.7
1998 80.1 81.5 80.9 81.2 80.6 80.4
1999 80.3 80.7 80.5 80.8 81.0 81.1
2000 81.0 80.7 80.5 79.8 79.2 78.4
2001 75.1 74.6 73.7 73.1 72.9 72.8
Quarter
Year Annual
1 2 3 4 avg. (1)
Industrial production (percent change)
1979 3.4 .3 -2.4 -1.5 3.6
1980 -.4 -17.7 -4.7 16.8 -3.9
1981 2.5 4.2 -.1 -13.1 1.6
1982 -7.6 -2.7 -5.6 -8.0 -5.9
1983 11.5 14.7 17.1 11.2 5.7
1984 13.2 6.6 3.4 -.4 9.9
1985 2.1 4.2 1.1 1.6 2.3
1986 4.5 1.7 1.7 6.7 2.8
1987 5.0 7.0 5.5 7.6 5.3
1988 2.3 4.1 3.7 5.2 4.7
1989 4.3 -.7 -4.5 -1.4 1.9
1990 2.9 -.1 .8 -6.3 -.5
1991 -9.7 1.2 7.8 1.7 -2.4
1992 2.0 7.4 4.1 3.7 4.0
1993 4.2 2.1 1.3 6.9 3.7
1994 5.9 9.4 6.0 9.0 6.1
1995 6.4 .4 3.0 4.2 5.3
1996 2.4 9.2 8.4 6.2 4.9
1997 8.8 6.8 8.9 8.7 7.9
1998 6.0 3.0 3.2 5.2 5.9
1999 3.9 3.6 4.8 6.9 4.2
2000 6.3 7.1 .4 -4.0 4.8
2001 -7.1 -6.2 -4.9 -7.1 -4.5
Industrial production (index)
1999 142.3 143.6 145.2 147.7 144.7
2000 149.9 152.5 152.7 151.1 151.6
2001 148.4 146.0 144.2 141.6 144.8
Capacity (index)
1999 176.8 178.6 180.4 182.4 179.5
2000 184.6 186.9 189.1 191.0 187.9
2001 192.3 193.2 193.6 194.1 193.3
Utilization (level, percent)
1979 86.7 86.0 84.8 83.8 85.3
1980 83.1 78.5 76.9 79.3 79.5
1981 79.2 79.4 78.8 75.6 78.3
1982 73.7 72.8 71.4 69.5 71.8
1983 71.1 73.2 75.9 77.6 74.4
1984 79.5 80.1 80.1 79.4 79.8
1985 79.1 79.2 78.6 78.2 78.8
1986 78.5 78.5 78.4 79.3 78.7
1987 79.9 80.9 81.6 82.8 81.3
1988 83.0 83.5 83.9 84.7 83.8
1989 85.1 84.4 82.9 82.1 83.6
1990 82.3 81.9 81.6 79.9 81.4
1991 77.5 77.3 78.5 78.5 77.9
1992 78.5 79.4 79.8 80.0 79.4
1993 80.4 80.3 80.0 80.8 80.4
1994 81.3 82.4 82.7 83.5 82.5
1995 83.8 82.7 82.1 81.8 82.6
1996 81.0 81.6 82.0 82.0 81.6
1997 82.5 82.5 82.8 82.9 82.7
1998 82.5 81.6 80.9 80.7 81.4
1999 80.5 80.4 80.5 81.0 80.6
2000 81.2 81.6 80.7 79.1 80.7
2001 77.2 75.6 74.5 72.9 75.0
NOTE: See also general note to table A.1.
(1.) Annual averages of industrial production are calculated
from indexes that are not seasonally adjusted.
A.3. Revised data for industrial production, capacity, and utilization
for total industry excluding selected high-technology industries
Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June
Industrial production (percent change)
1979 -.7 .8 .2 -1.1 1.1 -.1
1980 .3 .0 -.1 -2.2 -2.7 -1.3
1981 -.9 .4 .4 -.8 .8 .5
1982 -1.6 2.0 -.8 -.9 -.9 -.4
1983 2.5 -.4 .8 1.2 1.2 .4
1984 1.9 -.3 1.0 .4 .4 .3
1985 .3 .9 .2 .1 .2 -.1
1986 .7 -.8 -1.1 .8 -.3 -.2
1987 -.8 1.2 .3 .4 .5 .8
1988 .1 .2 .1 .4 -.2 .1
1989 .5 -.7 .9 .1 -.7 -.3
1990 -.4 .5 .5 -.5 .3 -.1
1991 -.5 -.9 -1.0 .4 .8 1.2
1992 -.3 .5 .8 .7 .2 -.3
1993 .4 .4 .1 .3 -.5 .2
1994 .2 .3 .6 .3 .5 .4
1995 .2 -.2 -.1 -.4 .1 .3
1996 -.5 1.1 -.3 .8 .5 .5
1997 .2 .9 -.2 .4 .1 .3
1998 .2 -.2 .3 .5 .2 -.9
1999 .4 .0 .2 -.1 .3 -.1
2000 -.2 .3 .2 .2 .3 .3
2001 -.7 -.2 -.3 -.4 -.1 -.8
Industrial production (index)
1999 119.6 119.6 119.9 119.7 120.1 120.0
2000 121.7 122.0 122.3 122.5 122.9 123.2
2001 119.6 119.4 119.1 118.6 118.5 117.6
Capacity (index)
1999 147.1 147.3 147.6 147.8 148.0 148.2
2000 149.2 149.3 149.4 149.5 149.6 149.7
2001 150.2 150.3 150.4 150.5 150.5 150.6
Utilization (level, percent)
1979 86.6 87.1 87.1 86.1 86.8 86.6
1980 84.4 84.3 84.1 82.1 79.8 78.7
1981 81.0 81.2 81.5 80.7 81.3 81.6
1982 76.0 77.4 76.7 75.9 75.1 74.7
1983 72.3 72.0 72.6 73.4 74.2 74.5
1984 80.0 79.7 80.4 80.6 80.8 81.0
1985 79.5 80.0 80.1 80.0 80.0 79.8
1986 80.1 79.4 78.5 79.0 78.7 78.5
1987 79.4 80.2 80.5 80.8 81.1 81.7
1988 83.6 83.7 83.7 84.0 83.8 83.9
1989 85.7 85.0 85.6 85.6 84.9 84.6
1990 83.0 83.3 83.7 83.1 83.3 83.1
1991 80.0 79.2 78.4 78.6 79.1 80.0
1992 79.2 79.5 80.1 80.5 80.6 80.3
1993 81.2 81.4 81.4 81.5 81.0 81.0
1994 82.2 82.3 82.7 82.8 83.1 83.3
1995 84.2 83.9 83.6 83.1 83.1 83.1
1996 81.7 82.4 82.0 82.5 82.8 83.0
1997 83.2 83.7 83.3 83.5 83.3 83.3
1998 83.7 83.2 83.2 83.3 83.2 82.2
1999 81.3 81.2 81.2 81.0 81.1 80.9
2000 81.6 81.8 81.8 81.9 82.2 82.3
2001 79.6 79.5 79.2 78.8 78.7 78.1
Year July Aug. Sept. Oct. Nov. Dec.
Industrial production (percent change)
1979 -.8 -.5 .0 .3 -.6 -.3
1980 -.8 1.2 1.6 .6 1.6 .5
1981 .9 -.5 -1.0 -.8 -1.6 -1.4
1982 -1.0 -.4 -1.0 -1.0 -.3 -1.2
1983 1.8 1.4 1.6 .6 -.2 .5
1984 .1 -.1 -.2 -.5 .0 -.5
1985 -.5 .6 .7 -.8 .3 .7
1986 .0 .2 -.2 1.0 .4 1.0
1987 .5 .1 -.2 1.3 .3 .5
1988 .6 .5 -.3 .4 .6 .5
1989 -.9 .4 -.3 -.3 .2 .3
1990 .0 .1 .2 -.6 -1.4 -.7
1991 .1 .0 1.0 -.2 -.2 -.7
1992 .8 -.4 .3 .4 .5 .1
1993 .2 -.3 .9 .3 .4 .7
1994 .2 .3 .1 .6 .5 .8
1995 -.6 1.1 .1 -.4 .1 .0
1996 -.1 .3 .3 -.3 .8 .4
1997 .2 .8 .6 .6 .3 -.2
1998 -.6 1.8 -.5 .5 -.5 -.2
1999 .2 .4 -.1 .6 .1 .3
2000 -.7 .0 -.1 -.5 -.4 -.5
2001 .3 -.3 -1.1 -.8 -.4 -.1
Industrial production (index)
1999 120.3 120.7 120.6 121.4 121.6 122.0
2000 122.3 122.3 122.2 121.6 121.1 120.5
2001 117.9 117.6 116.3 115.3 114.8 114.6
Capacity (index)
1999 148.4 148.6 148.7 148.8 149.0 149.1
2000 149.7 149.8 149.9 150.0 150.1 150.2
2001 150.7 150.7 150.8 150.8 150.9 150.9
Utilization (level, percent)
1979 85.8 85.2 85.1 85.3 84.7 84.3
1980 78.0 78.8 80.0 80.4 81.6 81.8
1981 82.2 81.6 80.7 79.9 78.5 77.3
1982 73.9 73.5 72.6 71.8 71.5 70.5
1983 75.8 76.8 78.0 78.4 78.2 78.6
1984 80.9 80.7 80.5 80.0 79.9 79.3
1985 79.3 79.6 80.0 79.1 79.2 79.6
1986 78.4 78.5 78.3 79.0 79.3 80.0
1987 82.1 82.2 81.9 83.0 83.2 83.5
1988 84.3 84.6 84.3 84.6 85.0 85.3
1989 83.6 83.9 83.5 83.2 83.3 83.4
1990 83.0 83.0 83.0 82.4 81.1 80.5
1991 80.0 79.9 80.6 80.4 80.2 79.5
1992 80.9 80.4 80.5 80.8 81.0 81.0
1993 81.1 80.8 81.4 81.5 81.8 82.2
1994 83.3 83.3 83.2 83.5 83.7 84.2
1995 82.4 83.2 83.1 82.6 82.5 82.3
1996 82.8 82.9 83.0 82.6 83.1 83.2
1997 83.3 83.7 84.0 84.2 84.2 83.8
1998 81.4 82.6 82.0 82.2 81.5 81.1
1999 81.1 81.3 81.1 81.6 81.6 81.8
2000 81.7 81.6 81.5 81.1 80.7 80.2
2001 78.3 78.0 77.1 76.4 76.1 76.0
Quarter
Year
Annual
1 2 3 4 avg. (1)
Industrial production (percent change)
1979 .9 -.1 -3.5 -1.4 2.2
1980 -.7 -16.6 -4.9 13.8 -4.0
1981 1.3 1.1 3.2 -11.8 .8
1982 -7.7 -5.8 -8.2 -9.1 -6.5
1983 6.9 10.6 16.8 8.7 2.8
1984 9.7 5.3 1.0 -3.5 7.5
1985 2.3 2.5 .5 1.0 .9
1986 1.7 -1.8 -.6 6.3 .8
1987 3.5 6.8 5.0 6.5 4.2
1988 2.8 1.8 3.3 3.5 3.9
1989 3.5 -.3 -4.8 -.4 1.4
1990 1.7 .6 .7 -6.4 -.5
1991 -8.8 1.4 6.1 .4 -2.4
1992 -.9 5.8 2.2 3.3 2.2
1993 3.5 .8 1.0 5.3 2.7
1994 4.8 5.5 3.3 5.3 4.1
1995 2.8 -1.4 1.4 .3 2.4
1996 .6 6.1 3.2 2.8 2.0
1997 4.9 2.8 5.0 6.1 4.1
1998 .7 1.9 -.4 1.3 2.5
1999 .7 .8 2.1 3.7 1.1
2000 1.2 2.8 -2.0 -3.9 1.3
2001 -5.4 -3.9 -3.3 -7.7 -3.9
Industrial production (index)
1999 119.7 119.9 120.6 121.7 120.5
2000 122.0 122.8 122.2 121.0 122.0
2001 119.4 118.2 117.2 114.9 117.2
Capacity (index)
1999 147.3 148.0 148.6 148.9 148.2
2000 149.3 149.6 149.8 150.1 149.7
2001 150.3 150.5 150.7 150.9 150.6
Utilization (level, percent)
1979 86.9 86.5 85.4 84.7 85.9
1980 84.3 80.2 78.9 81.3 81.2
1981 81.2 81.2 81.5 78.6 80.6
1982 76.7 75.2 73.3 71.3 74.1
1983 72.3 74.0 76.9 78.4 75.4
1984 80.1 80.8 80.7 79.7 80.3
1985 79.9 79.9 79.6 79.3 79.7
1986 79.3 78.7 78.4 79.4 79.0
1987 80.0 81.2 82.1 83.2 81.6
1988 83.7 83.9 84.4 85.0 84.2
1989 85.4 85.0 83.7 83.3 84.4
1990 83.3 83.2 83.0 81.4 82.7
1991 79.2 79.2 80.2 80.0 79.7
1992 79.6 80.5 80.6 80.9 80.4
1993 81.3 81.2 81.1 81.8 81.3
1994 82.4 83.1 83.3 83.8 83.1
1995 83.9 83.1 82.9 82.5 83.1
1996 82.1 82.8 82.9 83.0 82.7
1997 83.4 83.4 83.7 84.1 83.6
1998 83.4 82.9 82.0 81.6 82.5
1999 81.2 81.0 81.2 81.7 81.3
2000 81.7 82.1 81.6 80.7 81.5
2001 79.4 78.5 77.8 76.2 78.0
NOTE. See also general note to table A.1.
Excludes computers, communications equipment, and semiconductors and
related electronic components.
(1.) Annual averages of industrial production are calculated from
indexes that are not seasonally adjusted.
A.4. Revised data for industrial production, capacity, and
utilization for manufacturing industries excluding selected
high-technology industries
Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June
Industrial (percent change) production
1979 -.7 .7 .3 -1.7 1.4 .0
1980 .0 .1 -.6 -2.4 -3.4 -1.5
1981 -.6 .4 .2 .1 .7 -.3
1982 -2.1 2.7 -.8 -.9 -.5 -.1
1983 3.1 .3 1.3 1.0 1.4 .6
1984 2.3 .4 .6 .3 .1 .5
1985 .0 .6 .6 .1 .5 -.1
1986 1.6 -.6 -1.0 1.5 -.2 -.1
1987 -1.0 1.6 .1 .6 .4 .9
1988 -.2 .2 .1 .8 -.4 .0
1989 .9 -1.1 .8 .0 -.7 -.1
1990 -.1 .9 .4 -.7 .4 -.2
1991 -.8 .8 -1.2 .4 .7 1.5
1992 -.2 .6 .9 .6 .3 -.1
1993 .8 .1 .1 .5 -.4 -.1
1994 .0 .4 .8 .6 .6 .1
1995 .3 -.4 -.1 -.5 -.1 .4
1996 -.5 1.0 -.5 1.0 .5 .7
1997 .2 .9 -.1 .3 .1 .5
1998 .5 -.3 .2 .6 .1 -1.0
1999 .3 .2 .0 -.1 .5 .2
2000 -.2 .1 .4 -.1 .2 .3
2001 -.7 -.2 -.3 -.5 .0 -.8
Industrial production (index)
1999 121.5 121.8 121.8 121.7 122.2 122.0
2000 123.9 124.1 124.6 124.5 124.8 125.2
2001 120.5 120.4 120.0 119.4 119.4 118.5
Capacity (index)
1999 151.1 151.4 151.7 152.0 152.2 152.5
2000 153.8 153.9 154.1 154.2 154.3 154.5
2001 155.1 155.2 155.2 155.2 155.3 155.3
Utilization (level, percent)
1979 86.3 86.7 86.8 85.2 86.2 86.0
1980 82.8 82.8 82.2 80.1 77.2 75.9
1981 78.6 78.8 78.9 78.8 79.3 78.9
1982 71.9 73.8 73.2 72.5 72.0 71.9
1983 70.1 70.3 71.2 71.9 72.9 73.3
1984 78.7 79.0 79.3 79.4 79.3 79.6
1985 78.2 78.5 78.8 78.7 78.9 78.7
1986 79.4 78.8 78.0 79.0 78.8 78.6
1987 79.3 80.5 80.5 80.9 81.1 81.8
1988 83.3 83.5 83.4 84.0 83.6 83.6
1989 86.1 85.0 85.5 85.3 84.5 84.3
1990 82.1 82.8 83.0 82.3 82.4 82.1
1991 78.5 77.8 76.8 77.0 77.5 78.5
1992 78.2 78.6 79.2 79.6 79.7 79.6
1993 80.5 80.4 80.4 80.7 80.3 80.1
1994 81.1 81.3 81.8 82.1 82.5 82.4
1995 83.8 83.3 83.0 82.5 82.3 82.4
1996 80.6 81.2 80.6 81.3 81.5 81.8
1997 82.2 82.8 82.5 82.5 82.3 82.5
1998 83.0 82.5 82.3 82.5 82.2 81.1
1999 80.4 80.4 80.2 80.0 80.3 80.0
2000 80.6 80.6 80.9 80.8 80.9 81.1
2001 77.7 77.6 77.4 76.9 76.9 76.3
Year July Aug. Sept. Oct. Nov. Dec.
Industrial (percent change) production
1979 -.6 -1.1 -.1 .4 -.9 -.2
1980 -.9 1.7 1.6 1.0 1.7 .2
1981 .5 -.9 -1.1 -1.2 -1.8 -2.0
1982 -1.0 -.3 .9 -1.4 .4 -1.1
1983 1.5 1.1 2.1 .4 .1 -.1
1984 .2 -.1 -.3 .0 .0 -.4
1985 -.5 .9 .4 -.8 .8 -.1
1986 -.1 .6 -.1 .9 .3 1.3
1987 .6 -.2 .0 1.3 .5 .5
1988 .6 .1 -.3 .4 .8 .5
1989 -1.0 .3 .3 -.4 .2 -.1
1990 .1 .2 .0 -.7 -1.4 -.7
1991 .2 .1 1.2 -.2 -.3 -.6
1992 .8 .4 .2 .3 .5 -.1
1993 .2 -.4 1.0 .3 .5 .7
1994 .4 -.4 .1 .7 .6 .8
1995 -.9 1.0 .4 -.4 -.1 -.1
1996 .3 .3 .3 -.4 .8 .5
1997 .1 1.1 .5 .6 .4 -.1
1998 -.7 2.1 -.5 .7 -.4 -.1
1999 .0 .7 -.1 .6 .4 .2
2000 -.7 -.3 .0 -.6 -.7 -.8
2001 .5 -.5 -1.1 -.9 -.2 -.1
Industrial production (index)
1999 122.0 122.8 122.7 123.5 123.9 124.2
2000 124.3 124.0 123.9 123.2 122.4 121.3
2001 119.0 118.4 117.0 116.0 115.8 115.6
Capacity (index)
1999 152.7 152.9 153.1 153.3 153.4 153.6
2000 154.6 154.7 154.8 154.9 155.0 155.0
2001 155.3 155.3 155.3 155.4 155.4 155.4
Utilization (level, percent)
1979 85.4 84.2 84.0 84.2 83.3 83.0
1980 75.1 76.3 77.4 78.0 79.2 79.2
1981 79.2 78.4 77.5 76.5 75.0 73.4
1982 71.1 70.9 70.2 69.2 68.8 68.0
1983 74.4 75.2 76.8 77.0 77.1 77.0
1984 79.6 79.4 79.0 78.9 78.8 78.4
1985 78.1 78.7 78.8 78.0 78.5 78.2
1986 78.4 78.8 78.6 79.2 79.3 80.2
1987 82.2 82.0 81.9 82.9 83.2 83.6
1988 84.1 84.1 84.3 84.5 85.1 85.4
1989 83.2 83.4 82.9 82.5 82.5 82.3
1990 82.1 82.1 81.9 81.3 80.0 79.3
1991 78.6 78.6 79.5 79.3 78.9 78.4
1992 80.1 79.7 79.8 79.9 80.1 80.0
1993 80.2 79.7 80.5 80.5 80.8 81.3
1994 82.5 82.7 82.6 83.0 83.3 83.8
1995 81.5 82.1 82.2 81.7 81.4 81.2
1996 81.9 82.0 82.0 81.5 82.0 82.2
1997 82.4 83.0 83.1 83.3 83.4 82.9
1998 80.3 81.7 81.0 81.3 80.7 80.4
1999 79.9 80.3 80.2 80.6 80.8 80.8
2000 80.4 80.1 80.1 79.5 79.0 78.3
2001 76.6 76.2 75.3 74.7 74.5 74.4
Quarter
Year
Annual
1 2 3 4 avg. (1)
Industrial (percent change) production
1979 1.9 -1.2 -3.8 -2.9 2.2
1980 -2.3 -19.9 -5.6 16.5 -5.4
1981 1.8 2.8 -1.7 -15.0 .5
1982 -9.4 -3.4 -6.7 -10.2 -7.4
1983 12.1 13.2 16.3 9.1 4.7
1984 11.6 4.0 1.4 -1.3 8.1
1985 1.2 4.0 1.4 1.1 1.5
1986 4.4 1.9 .3 6.6 2.5
1987 4.1 7.1 4.8 6.9 4.8
1988 1.8 2.6 2.9 5.3 4.0
1989 4.1 -1.7 -5.0 -1.8 1.4
1990 2.7 -.1 .4 -7.1 -.9
1991 -10.3 1.0 7.8 1.0 -2.8
1992 .1 6.4 2.8 2.3 2.9
1993 4.0 1.3 .3 5.6 2.8
1994 4.8 7.0 3.8 6.5 4.6
1995 2.8 -2.1 .5 .4 2.5
1996 -.4 6.7 4.9 2.6 1.9
1997 5.7 3.1 5.7 6.3 4.6
1998 1.7 1.4 -.4 2.8 2.9
1999 .6 .8 1.8 4.5 1.4
2000 1.0 2.2 -2.5 -5.6 1.1
2001 -6.3 -3.9 -3.2 -7.7 -4.6
Industrial production (index)
1999 121.7 121.9 122.5 123.9 122.5
2000 124.2 124.9 124.1 122.3 123.9
2001 120.3 119.1 118.1 115.8 118.2
Capacity (index)
1999 151.4 152.2 152.9 153.4 152.5
2000 153.9 154.3 154.7 155.0 154.5
2001 155.1 155.3 155.3 155.4 155.3
Utilization (level, percent)
1979 86.6 85.8 84.5 83.5 85.1
1980 82.6 77.8 76.3 78.8 78.8
1981 78.8 79.0 78.4 75.0 77.8
1982 72.9 72.1 70.7 68.7 71.1
1983 70.5 72.7 75.5 77.1 73.9
1984 79.0 79.4 79.3 78.7 79.1
1985 78.5 78.8 78.5 78.2 78.5
1986 78.7 78.8 78.6 79.6 78.9
1987 80.1 81.3 82.0 83.2 81.7
1988 83.4 83.8 84.2 85.0 84.1
1989 85.5 84.7 83.2 82.4 83.9
1990 82.6 82.3 82.0 80.2 81.8
1991 77.7 77.7 78.9 78.9 78.3
1992 78.7 79.6 79.9 80.0 79.5
1993 80.5 80.4 80.1 80.9 80.5
1994 81.4 82.3 82.6 83.3 82.4
1995 83.4 82.4 81.9 81.4 82.3
1996 80.8 81.5 82.0 81.9 81.6
1997 82.5 82.5 82.8 83.2 82.7
1998 82.6 81.9 81.0 80.8 81.6
1999 80.4 80.1 80.1 80.7 80.3
2000 80.7 80.9 80.2 78.9 80.2
2001 77.5 76.7 76.1 74.5 76.2
NOTE. See also general note to table A.1.
Excludes computers, communications equipment, and semiconductors and
related electronic components.
(1.) Annual averages of industrial production are calculated from
indexes that are not seasonally adjusted.
A.5. Rates of change in industrial production, by market and industry
group, 1997-2001
Revised rate
of change
SIC (percent)
Item code (1)
1997 1998
Total index ... 7.4 3.5
MARKET GROUP
Products ... 6.0 2.9
Consumer goods ... 3.7 .2
Durable ... 7.6 5.6
Automotive products ... 8.8 7.4
Home electronics ... 19.5 12.4
Appliances, furniture,
and carpeting ... 4.4 6.0
Miscellaneous ... 4.4 -.4
Nondurable ... 2.6 -1.3
Non-energy ... 2.8 -1.0
Foods and tobacco ... 1.9 -.1
Clothing ... -3.3 -6.4
Chemical products ... 4.9 2.5
Paper products ... 6.5 -6.1
Energy ... 1.6 -3.4
Business equipment ... 14.0 8.4
Transit ... 25.5 15.4
Information processing ... 17.9 14.4
Industrial and other ... 5.8 -.5
Defense and space equipment ... -2.5 5.5
Construction supplies ... 4.0 6.6
Business supplies ... 4.2 1.3
Materials ... 9.5 4.5
Durable ... 14.3 8.8
Consumer parts ... 8.5 3.6
Equipment parts ... 28.6 22.0
Other ... 4.7 .2
Nondurable ... 5.7 -3.3
Textile ... 4.9 -6.2
Paper ... 4.3 -2.7
Chemical ... 6.5 -5.6
Energy ... .1 -.4
INDUSTRY GROUP
Manufacturing ... 8.3 4.3
Durable ... 11.9 8.4
Lumber and products 24 2.8 5.6
Furniture and fixtures 25 8.1 6.1
Stone, clay, and glass products 32 2.5 5.8
Primary metals 33 5.8 -3.5
Fabricated metals 34 6.5 1.7
Industrial machinery and equipment 35 7.8 9.1
Electrical machinery 36 31.3 22.2
Motor vehicles and parts 371 14.3 6.7
Aerospace and miscellaneous
transportion equipment 372-6,9 13.7 11.3
Instruments 38 2.9 4.2
Miscellaneous 39 2.0 -.5
Nondurable ... 3.9 -.7
Food and tobacco products 20,21 2.6 .1
Textile mill products 22 .7 -6.1
Apparel products 23 1.8 -3.1
Paper and products 26 4.5 -.5
Printing and publishing 27 5.1 -2.4
Chemicals and products 28 4.8 -.6
Petroleum products 29 3.0 1.3
Rubber and plastics products 30 6.1 3.0
Mining 10-14 1.4 -5.3
Utilities 491,2,3pt 2.0 -.6
Electric ... 2.8 1.8
Gas ... -1.4 -11.5
Revised rate of
change (percent)
Item
1999 2000 2001
Total index 4.3 2.6 -6.0
MARKET GROUP
Products 2.6 1.8 -5.3
Consumer goods 2.5 .7 -2.0
Durable 6.7 -4.2 -2.7
Automotive products 5.8 -7.3 3.7
Home electronics 30.8 7.4 -24.3
Appliances, furniture,
and carpeting 2.6 -2.0 -1.9
Miscellaneous 3.8 -2.0 -11.8
Nondurable 1.3 2.2 -1.8
Non-energy 1.2 1.1 .8
Foods and tobacco .7 .4 -1.4
Clothing -2.8 -8.5 -11.3
Chemical products 4.4 5.4 6.3
Paper products .1 2.4 -5.1
Energy 2.3 8.6 -7.0
Business equipment 4.4 5.8 -12.9
Transit -3.9 -7.5 -13.1
Information processing 15.6 16.4 -12.4
Industrial and other -1.8 3.0 -13.4
Defense and space equipment -7.6 -2.2 -.4
Construction supplies 3.9 .5 -4.6
Business supplies 1.4 .9 -6.3
Materials 7.2 3.9 -6.9
Durable 10.4 7.5 -8.6
Consumer parts 5.9 -2.1 -4.8
Equipment parts 19.7 25.1 -11.0
Other 4.4 -3.1 -8.1
Nondurable 3.9 -4.7 -5.9
Textile 4.6 -12.8 -12.0
Paper 4.5 -4.5 -1.9
Chemical 5.3 -4.2 -7.8
Energy .6 1.6 -3.4
INDUSTRY GROUP
Manufacturing 4.8 2.3 -6.3
Durable 6.9 4.8 -8.5
Lumber and products 1.8 -6.8 -.3
Furniture and fixtures 5.0 .8 -7.4
Stone, clay, and glass products 3.2 .9 -3.7
Primary metals 6.7 -5.2 -13.2
Fabricated metals 1.2 2.2 -7.3
Industrial machinery and equipment 7.1 7.5 -12.0
Electrical machinery 23.7 27.3 -14.7
Motor vehicles and parts 7.5 -8.0 -.3
Aerospace and miscellaneous
transportion equipment -8.9 .2 -9.3
Instruments .6 1.3 -5.0
Miscellaneous 4.8 -1.0 -9.1
Nondurable 2.1 .7 -3.6
Food and tobacco products .7 .4 -1.5
Textile mill products .4 -10.6 -10.6
Apparel products .3 -6.7 -11.1
Paper and products 2.3 -3.0 -4.3
Printing and publishing .7 .5 -7.7
Chemicals and products 4.1 .8 -.6
Petroleum products -.6 2.0 -1.9
Rubber and plastics products 5.9 -2.8 -4.9
Mining -.2 1.7 -1.7
Utilities 2.2 6.8 -5.9
Electric 1.8 5.2 -3.9
Gas 4.7 12.9 -12.5
Difference between rates of
change: revised minus
earlier (percent points)
Item
1997 1998 1999
Total index .2 .3 -.7
MARKET GROUP
Products .0 -.3 -.8
Consumer goods -.3 .0 -.6
Durable -.8 1.3 -1.5
Automotive products -1.8 2.1 2.5
Home electronics -.3 .7 -22.6
Appliances, furniture,
and carpeting .2 .9 -3.4
Miscellaneous -.1 2.1 -.8
Nondurable -.1 -.4 -.4
Non-energy -.1 -.5 -.4
Foods and tobacco -.3 -.7 .4
Clothing -.2 1.8 2.1
Chemical products -.5 -.8 -1.4
Paper products 1.3 -.8 -2.5
Energy -.2 .6 -.3
Business equipment .8 -.6 -1.2
Transit 2.1 2.5 5.0
Information processing 1.4 -2.4 -5.4
Industrial and other -.3 -.4 -.2
Defense and space equipment 2.5 -2.7 -4.6
Construction supplies .1 -.9 -.6
Business supplies .6 -.5 -.8
Materials .1 .8 -.8
Durable .2 1.6 -.5
Consumer parts -1.8 3.5 -1.2
Equipment parts 2.5 1.4 -2.3
Other -.7 .7 .9
Nondurable .5 -.5 -1.7
Textile 1.5 2.2 5.9
Paper -.3 .2 .3
Chemical .2 -1.6 -4.2
Energy .0 .3 .1
INDUSTRY GROUP
Manufacturing .3 .3 -.8
Durable .4 .4 -1.3
Lumber and products -.9 .1 1.3
Furniture and fixtures .2 -.2 1.9
Stone, clay, and glass products -.9 .2 1.0
Primary metals -.2 .0 -1.3
Fabricated metals .3 .2 -.5
Industrial machinery and equipment .5 -2.5 -6.5
Electrical machinery 2.9 1.8 -1.5
Motor vehicles and parts -1.7 3.5 1.6
Aerospace and miscellaneous
transportion equipment .8 .9 2.7
Instruments .0 .3 -3.9
Miscellaneous -1.1 -1.2 -1.9
Nondurable -.3 -.3 -.5
Food and tobacco products -.1 -.7 .4
Textile mill products -.8 .4 .6
Apparel products 2.0 3.3 4.3
Paper and products -.4 -.4 -.6
Printing and publishing .0 -.6 -1.1
Chemicals and products -.5 -.7 -2.6
Petroleum products -.1 -.8 -.7
Rubber and plastics products -.9 1.4 2.3
Mining -.1 .1 .3
Utilities -.3 .7 -.1
Electric -.4 .3 .1
Gas .1 .4 .1
Difference between rates of
change: revised minus
earlier (percentage points)
Item
2000 2001
Total index -1.6 .1
MARKET GROUP
Products -1.2 .3
Consumer goods .1 .6
Durable .2 -.1
Automotive products -.4 .4
Home electronics 4.5 -3.5
Appliances, furniture,
and carpeting -.7 -.5
Miscellaneous 2.2 -2.8
Nondurable .2 .8
Non-energy -.1 1.1
Foods and tobacco -.5 .5
Clothing -4.1 2.0
Chemical products 2.9 2.8
Paper products -.8 .9
Energy 1.9 -1.0
Business equipment -5.2 -1.2
Transit 1.3 -.2
Information processing -6.7 -3.3
Industrial and other -5.6 -.1
Defense and space equipment 1.1 -1.3
Construction supplies .2 .9
Business supplies -.3 .9
Materials -2.4 -.5
Durable -4.6 -.7
Consumer parts -2.3 2.9
Equipment parts -11.0 -3.7
Other -1.3 .8
Nondurable .5 1.3
Textile -3.2 3.3
Paper .0 .9
Chemical 2.0 1.0
Energy .2 -2.4
INDUSTRY GROUP
Manufacturing -1.9 .1
Durable -3.6 -.5
Lumber and products .6 -.3
Furniture and fixtures -4.8 .0
Stone, clay, and glass products -1.8 .5
Primary metals .5 -2.1
Fabricated metals 1.3 1.5
Industrial machinery and equipment -6.9 1.4
Electrical machinery -11.7 -4.6
Motor vehicles and parts -1.6 .8
Aerospace and miscellaneous
transportion equipment .5 .0
Instruments -.6 -2.1
Miscellaneous -1.0 -1.8
Nondurable .0 1.0
Food and tobacco products -.4 .5
Textile mill products -2.7 3.3
Apparel products -1.4 -.4
Paper and products .1 1.2
Printing and publishing -1.0 1.3
Chemicals and products 2.2 1.9
Petroleum products .8 -.4
Rubber and plastics products -.9 .1
Mining .3 -2.2
Utilities .2 -.7
Electric -1.1 -.1
Gas 5.4 -3.1
NOTE. Rates of change are calculated as the percent change in the
seasonally adjusted index from the fourth quarter of the previous year
to the fourth quarter of the year specified. For 2001, the differences
between rates of change are calculated from annualized rates between
the fourth quarter of 2000 and the third quarter of 2001.
(1.) Standard Industrial Classification; see Executive Office of the
President, Office of Management and Budget, Standard Industrial
Classification Manual, 1987 (U.S. Government Printing Office, 1987).
pt. Part of classification.
A.6. Rates of change in industrial production, special aggregates and
selected detail, 1997-2001
Revised rate
of change
SIC (percent)
Market group code (1)
1997 1998
Total Index ... 7.4 3.5
Energy ... 1.4 -2.5
Consumer products ... 1.6 -3.4
Commercial products ... 5.0 -.1
Oil and gas drilling ... 8.7 -26.3
Converted fuel ... 1.2 -.2
Primary materials ... -.5 -.5
Non-energy ... 8.4 4.3
Selected high-technology industries ... 40.2 35.8
Computers and office equipment 357 24.5 40.5
Communications equipment 366 27.6 6.5
Semiconductors and related
electronic components 3672-9 55.0 50.5
Excluding selected high-
technology industries ... 5.3 1.4
Motor vehicles and parts 371 14.3 6.7
Motor vehicles 3711,3 14.2 9.0
Motor vehicle parts 3714 14.1 3.7
Excluding motor vehicles and parts ... 4.6 1.0
Consumer goods ... 3.2 -.5
Business equipment ... 9.0 4.1
Business supplies ... 4.0 1.7
Materials ... 5.2 -.8
Special aggregates
Measures excluding selected high-
technology industries
Total industry ... 4.7 .9
Manufacturing ... 5.2 1.4
Durable ... 6.5 3.3
Industrial machinery 351-6,8,9 3.4 .5
Electrical machinery 361-5,9,71 5.2 .9
Measures excluding motor
vehicles and parts
Total industry ... 7.0 3.3
Manufacturing ... 7.9 4.2
Durable ... 11.6 8.6
Primary processing (2) ... 11.0 5.7
Advanced processing (3) ... 6.6 3.5
Revised rate of
change (percent)
Market group
1999 2000 2001
Total Index 4.3 2.6 -6.0
Energy 1.2 4.5 -4.0
Consumer products 2.3 8.6 -7.0
Commercial products .7 7.3 .9
Oil and gas drilling 5.7 19.1 -6.8
Converted fuel 2.7 5.6 -8.0
Primary materials -.6 -.2 -1.4
Non-energy 4.8 2.3 -6.3
Selected high-technology industries 34.0 39.5 -15.9
Computers and office equipment 33.0 33.4 -10.4
Communications equipment 21.1 25.4 -24.3
Semiconductors and related
electronic components 41.1 48.6 -14.4
Excluding selected high-
technology industries 2.0 -1.4 -5.3
Motor vehicles and parts 7.5 -8.0 -.3
Motor vehicles 6.3 -11.4 2.1
Motor vehicle parts 9.2 -1.2 -2.1
Excluding motor vehicles and parts 1.5 -.8 -5.7
Consumer goods 1.9 .5 -2.0
Business equipment -3.1 1.9 -11.9
Business supplies 1.6 -.5 -8.1
Materials 3.3 -2.7 -6.9
Special aggregates
Measures excluding selected high-
technology industries
Total industry 1.8 -.5 -5.1
Manufacturing 1.9 -1.3 -5.3
Durable 1.8 -1.8 -7.0
Industrial machinery -.4 .1 -12.5
Electrical machinery 3.9 -1.2 -8.4
Measures excluding motor
vehicles and parts
Total industry 4.1 3.4 -6.3
Manufacturing 4.5 3.2 -6.8
Durable 6.8 6.8 -9.7
Primary processing (2) 8.0 3.7 -7.1
Advanced processing (3) 2.8 1.4 -5.8
Difference between rates
of change: revised minus
earlier (percentage points)
Market group
1997 1998 1999
Total Index .2 .3 -.7
Energy -.2 .6 .1
Consumer products -.2 .6 -.3
Commercial products .1 .4 -.3
Oil and gas drilling .0 .1 .1
Converted fuel .8 .0 -.1
Primary materials -.4 .5 .1
Non-energy .3 .3 -.8
Selected high-technology industries 4.5 -1.4 -6.6
Computers and office equipment 3.0 -13.5 -21.3
Communications equipment 3.0 -2.5 7.7
Semiconductors and related
electronic components 6.1 4.9 -6.7
Excluding selected high-
technology industries -.3 .1 -.3
Motor vehicles and parts -1.7 3.5 1.6
Motor vehicles .0 2.1 4.2
Motor vehicle parts -4.0 5.4 -1.6
Excluding motor vehicles and parts -.2 -.1 -.5
Consumer goods -.1 -.2 -.6
Business equipment -.3 .9 -.8
Business supplies -.8 -.7 -1.0
Materials -.2 .2 .0
Special aggregates
Measures excluding selected high-
technology industries
Total industry -.3 .2 -.3
Manufacturing -.2 .2 -.4
Durable -.3 .7 -.4
Industrial machinery -.2 -.1 -1.6
Electrical machinery -.2 1.2 -2.6
Measures excluding motor
vehicles and parts
Total industry .2 .1 -.9
Manufacturing .4 .1 -1.0
Durable .7 .0 -1.8
Primary processing (2) .5 1.3 -.9
Advanced processing (3) .2 -.4 -.9
Difference between rates
of change: revised minus
earlier (percentage points)
Market group
2000 2001
Total Index -1.6 -.1
Energy .4 -1.5
Consumer products 1.9 -1.0
Commercial products .1 .9
Oil and gas drilling .2 -.2
Converted fuel .4 .3
Primary materials .0 -3.0
Non-energy -1.9 .2
Selected high-technology industries -15.8 -5.1
Computers and office equipment -8.7 -1.5
Communications equipment -10.2 -9.0
Semiconductors and related
electronic components -24.8 -4.3
Excluding selected high-
technology industries -.7 .8
Motor vehicles and parts -1.6 .8
Motor vehicles .9 -1.0
Motor vehicle parts -4.5 2.1
Excluding motor vehicles and parts -.6 .7
Consumer goods .1 .6
Business equipment -3.4 .4
Business supplies -.4 1.1
Materials -.4 .7
Special aggregates
Measures excluding selected high-
technology industries
Total industry -.5 .4
Manufacturing -.7 .7
Durable -1.4 .5
Industrial machinery -4.8 2.5
Electrical machinery -1.2 -1.2
Measures excluding motor
vehicles and parts
Total industry -1.5 -.2
Manufacturing -1.8 .0
Durable -3.7 -.8
Primary processing (2) -1.9 .0
Advanced processing (3) -1.9 .3
NOTE. See also general note to table A.5.
(1.) Standard Industrial Classification; see table A.5, note 1.
(2.) Primary-processing manufacturing includes textile mill products;
paper and products; industrial chemicals, synthetic materials, and
fertilizers; petroleum products; rubber and plastics products; lumber
and products; primary metals; fabricated metals; stone, clay, and
glass products; semiconductors and related electronic components; and
motor vehicle parts.
(3.) Advanced-processing manufacturing includes foods, tobacco
products, apparel products, printing and publishing, chemical products
and other agricultural chemicals, leather and products, furniture and
fixtures, industrial and commercial machinery and computer equipment,
electrical machinery except semiconductors and related electronic
components, transportation equipment except motor vehicle parts,
instruments, and miscellaneous manufactures.
A.7. Capacity utilization rates, by industry group, 1967-2001
Revised rate (percent
of capacity, seasonally
adjusted)
SIC
Item code (1)
1967-2000 1988-89
avg. high
Total index ... 82.1 85.4
Manufacturing ... 81.1 85.7
Durable manufacturing ... 79.6 84.6
Lumber and products 24 82.6 93.6
Furniture and fixtures 25 81.4 86.6
Stone, clay, and glass
products 32 78.9 83.5
Primary metals 33 81.7 92.7
Fabricated metal products 34 78.0 82.0
Industrial machinery and
equipment 35 81.3 85.4
Electrical machinery 36 81.4 84.0
Motor vehicles and parts 371 77.1 89.1
Aerospace and
miscellaneous
transportation
equipment 372-6,9 75.2 87.3
Instruments 38 81.3 81.4
Miscellaneous
manufactures 39 76.0 79.0
Nondurable manufacturing ... 83.2 87.3
Foods and textiles 20,21 83.2 85.9
Textile mill products 22 85.6 90.4
Apparel products 23 80.9 85.1
Paper and products 26 88.6 93.5
Printing and publishing 27 85.2 91.7
Chemicals and products 28 79.3 86.2
Petroleum products 29 87.3 88.5
Rubber and plastics
products 30 84.7 89.6
Mining ... 87.6 88.0
Utilities ... 87.7 92.6
Special aggregates
Selected high-technology
industries ... 80.5 81.9
Computers and office
equipment 357 81.1 86.9
Communications equipment 366 80.5 84.8
Semiconductors and related
electronic components 3672-9 80.0 81.1
Measures excluding selected
high-technology industries
Total industry ... 82.2 85.7
Manufacturing ... 81.1 86.1
Industrial machinery 351-6,8,9 81.2 85.5
Electrical machinery 361-5,9,71 83.4 87.5
Primary processing (2) ... 82.2 88.3
Advanced processing (3) 80.5 84.2
Revised rate (percent of capacity,
seasonally adjusted)
Item
1990-91 1999:Q4 2000:Q4 2001:Q4
low
Total index 78.1 81.8 80.7 74.6
Manufacturing 76.6 81.0 79.1 72.9
Durable manufacturing 73.1 81.2 78.6 69.8
Lumber and products 75.5 84.7 77.3 76.3
Furniture and fixtures 72.5 80.5 78.7 72.5
Stone, clay, and glass
products 69.7 85.2 82.3 77.8
Primary metals 73.7 88.5 83.6 73.0
Fabricated metal products 71.9 76.7 76.3 70.3
Industrial machinery and
equipment 72.3 79.1 78.4 67.2
Electrical machinery 75.0 85.0 82.8 64.1
Motor vehicles and parts 55.9 84.8 76.3 74.1
Aerospace and
miscellaneous
transportation
equipment 79.2 74.7 74.0 67.3
Instruments 77.2 76.4 76.6 72.7
Miscellaneous
manufactures 71.7 79.7 78.4 71.1
Nondurable manufacturing 80.7 80.7 79.8 77.1
Foods and textiles 81.6 80.2 80.4 79.3
Textile mill products 77.7 84.6 77.4 71.6
Apparel products 75.5 77.3 72.2 65.6
Paper and products 85.0 84.9 81.5 77.5
Printing and publishing 79.6 77.8 78.5 72.9
Chemicals and products 79.3 77.6 77.7 76.9
Petroleum products 85.1 93.0 94.5 92.1
Rubber and plastics
products 77.4 87.1 82.0 76.5
Mining 87.0 87.1 90.3 88.4
Utilities 83.4 90.1 93.6 83.7
Special aggregates
Selected high-technology
industries 72.4 83.2 81.2 60.5
Computers and office
equipment 66.9 77.4 75.0 61.3
Communications equipment 73.4 81.6 81.6 57.9
Semiconductors and related
electronic components 75.6 86.7 83.6 61.1
Measures excluding selected
high-technology industries
Total industry 78.4 81.7 80.7 76.2
Manufacturing 76.8 80.7 78.9 74.5
Industrial machinery 74.0 79.5 79.6 69.7
Electrical machinery 74.3 85.1 81.8 74.3
Primary processing (2) 76.7 84.2 81.1 73.3
Advanced processing (3) 76.6 79.0 77.9 72.7
Difference between rates:
revised minus earlier
(percentage points)
Item
1999:Q4 2000:Q4 2001:Q3
Total index .2 -.6 -.2
Manufacturing .1 -1.2 -.4
Durable manufacturing .2 -2.0 -1.1
Lumber and products 1.4 1.1 .6
Furniture and fixtures 1.7 -1.4 -.4
Stone, clay, and glass
products -.1 -1.7 -1.2
Primary metals -.1 .6 -.6
Fabricated metal products -.2 .6 1.9
Industrial machinery and
equipment -.7 -4.1 -1.6
Electrical machinery 1.6 -4.3 -2.9
Motor vehicles and parts 1.9 .3 .1
Aerospace and
miscellaneous
transportation
equipment 1.9 1.2 1.3
Instruments -4.0 -3.9 -4.6
Miscellaneous
manufactures -1.9 -2.2 -2.3
Nondurable manufacturing -.3 .0 .7
Foods and textiles -.3 .9 -.5
Textile mill products 2.2 .3 2.2
Apparel products 5.6 2.8 2.8
Paper and products -1.8 -1.8 .8
Printing and publishing -2.9 -3.5 -2.0
Chemicals and products -.8 2.1 3.0
Petroleum products -.1 .2 -.2
Rubber and plastics
products 1.8 1.1 1.1
Mining 2.5 3.8 1.2
Utilities .9 1.6 .4
Special aggregates
Selected high-technology
industries 2.4 -3.9 -2.3
Computers and office
equipment .9 -3.2 -.8
Communications equipment 6.4 -5.6 -3.9
Semiconductors and related
electronic components .7 -4.3 -1.4
Measures excluding selected
high-technology industries
Total industry .0 .0 .3
Manufacturing -.2 -.6 .1
Industrial machinery -1.3 -4.6 -1.5
Electrical machinery -.3 -1.0 -2.3
Primary processing (2) -.4 -1.7 -.6
Advanced processing (3) -.3 -1.7 -1.0
NOTE. The "high" column refers to periods in which utilization
generally peaked; the "low" column refers to recession years in which
utilization generally bottomed out. The monthly highs and lows are
specific to each series, and all did not occur in the same month.
(1.) Standard Industrial Classification; see table A.5, note 1.
(2.) Primary-processing manufacturing includes textile mill products;
paper and products; industrial chemicals, synthetic materials, and
fertilizers; petroleum products; rubber and plastics products; lumber
and products; primary metals; fabricated metals; stone, clay, and
glass products; semiconductors and related electronic components; and
motor vehicle parts.
(3.) Advanced-processing manufacturing includes foods, tobacco
products, apparel products, printing and publishing, chemical products
and other agricultural chemicals, leather and products, furniture and
fixtures, industrial and commercial machinery and computer equipment,
electrical machinery except semiconductors and related electronic
components, transportation equipment except motor vehicle parts,
instruments, and miscellaneous manufactures.
A.8. Rates of change in capacity, by industry group, 1997-2001
Revised rate of change
(percent)
Industry group
1997 1998 1999 2000 2001
Total index 6.4 6.4 3.9 4.0 1.7
Manufacturing 7.1 7.2 4.5 4.7 1.6
Durable manufacturing 10.2 10.4 6.6 8.1 3.0
Nondurable manufacturing 3.3 3.2 1.7 .4 -.2
Mining 1.3 -.6 -2.4 -1.9 .4
Utilities .6 .1 2.4 2.9 5.2
Special aggregates
Selected high-technology industries 44.4 36.6 28.6 42.9 12.9
Manufacturing excluding selected
high-technology industries 3.6 4.4 2.0 1.0 .3
Primary processing (1) 9.4 9.8 5.0 7.8 2.7
Advanced processing (2) 5.6 5.5 4.2 2.9 .9
Difference between rates of
change: revised minus earlier
(percentage points)
Industry group
1997 1998 1999 2000 2001
Total index .4 -.1 -.7 -.5 -.7
Manufacturing .5 -.1 -.6 -.3 -1.0
Durable manufacturing .9 .2 -1.7 -.7 -1.9
Nondurable manufacturing -.1 -.9 .4 -.5 -.1
Mining -.6 -.5 -.9 -1.1 1.8
Utilities -.4 -1.0 .1 -.5 1.1
Special aggregates
Selected high-technology industries 4.1 -2.8 -9.2 -4.7 -8.6
Manufacturing excluding selected
high-technology industries .0 -.1 .0 -.3 -.3
Primary processing (1) 1.0 .4 .1 -.3 -1.4
Advanced processing (2) .7 -.2 -1.0 -.1 -.9
NOTE. See also general note to table A.5.
(1.) Primary-processing manufacturing includes textile mill products;
paper and products; industrial chemicals, synthetic materials, and
fertilizers; petroleum products; rubber and plastics products; lumber
and products; primary metals; fabricated metals; stone, clay, and glass
products; semiconductors and related electronic components; and motor
vehicle parts.
(2.) Advanced-processing manufacturing includes foods, tobacco
products, apparel products, printing and publishing, chemical products
and other agricultural chemicals, leather and products, furniture and
fixtures, industrial and commercial machinery and computer equipment,
electrical machinery except semiconductors and related electronic
components, transportation equipment except motor vehicle parts,
instruments, and miscellaneous manufactures.
A.9. Annual proportions in industrial production, by market and
industry group, 1994-01
SIC
Item code (1) 1994 1995
Total index ... 100.0 100.0
MARKET GROUP
Products ... 60.2 59.5
Consumer goods ... 28.6 28.3
Durable ... 6.2 6.1
Automotive products ... 2.7 2.7
Home electronics ... .5 .5
Appliances, furniture,
and carpeting ... 1.4 1.3
Miscellaneous ... 1.6 1.6
Nondurable ... 22.4 22.2
Non-energy ... 19.3 19.1
Foods and tobacco ... 9.7 9.7
Clothing ... 2.3 2.1
Chemical products ... 4.5 4.5
Paper products ... 2.8 2.8
Energy ... 3.1 3.1
Business equipment ... 13.3 13.4
Transit ... 2.4 2.3
Information processing ... 5.2 5.2
Industrial and other ... 5.6 5.9
Defense and space equipment ... 2.7 2.5
Construction supplies ... 5.7 5.6
Business supplies ... 9.0 8.9
Materials ... 39.8 40.5
Durable ... 22.2 22.8
Consumer parts ... 4.6 4.5
Equipment parts ... 7.6 8.2
Other ... 9.9 10.1
Nondurable ... 9.4 9.3
Textile ... 1.1 1.0
Paper ... 2.0 2.1
Chemical ... 4.2 4.1
Energy ... 8.3 8.4
INDUSTRY GROUP
Manufacturing ... 86.5 86.6
Durable ... 46.2 46.6
Lumber and products 24 2.2 2.1
Furniture and fixtures 25 1.3 1.4
Stone, clay, and glass
products 32 2.2 2.2
Primary metals 33 3.5 3.5
Fabricated metals 34 5.2 5.3
Industrial machinery and
equipment 35 8.4 8.8
Electrical machinery 36 7.8 8.3
Motor vehicles and parts 371 5.5 5.4
Aerospace and miscellaneous
transportation equipment 372-6,9 3.8 3.5
Instruments 38 4.9 4.8
Miscellaneous 39 1.3 1.3
Nondurable ... 40.3 40.0
Food and tobacco products 20,21 10.5 10.5
Textile mill products 22 1.8 1.7
Apparel products 23 2.1 2.0
Paper and products 26 3.8 3.9
Printing and publishing 27 6.6 6.6
Chemicals and products 28 10.0 9.9
Petroleum products 29 1.5 1.5
Rubber and plastics products 30 3.8 3.7
Mining 10,14 5.9 5.9
Utilities 491,2,3,pt 7.6 7.5
Electric ... 6.0 5.9
Gas ... 1.6 1.6
Item 1996 1997 1998 1999
Total index 100.0 100.0 100.0 100.0
MARKET GROUP
Products 59.9 60.6 61.5 60.8
Consumer goods 28.4 28.3 28.7 28.6
Durable 6.3 6.3 6.3 6.7
Automotive products 2.8 2.9 2.9 3.3
Home electronics .5 .5 .5 .5
Appliances, furniture,
and carpeting 1.3 1.3 1.4 1.3
Miscellaneous 1.6 1.6 1.6 1.5
Nondurable 22.1 22.0 22.3 21.9
Non-energy 19.0 19.2 19.5 18.8
Foods and tobacco 9.6 9.7 10.1 10.0
Clothing 2.0 1.9 1.7 1.5
Chemical products 4.5 4.6 4.7 4.5
Paper products 2.8 3.0 3.0 2.8
Energy 3.1 2.9 2.8 3.1
Business equipment 13.7 14.3 14.7 14.2
Transit 2.3 2.6 3.1 3.2
Information processing 5.4 5.6 5.6 5.5
Industrial and other 6.0 6.0 6.0 5.4
Defense and space equipment 2.3 2.1 2.2 2.1
Construction supplies 5.7 5.9 6.2 6.3
Business supplies 8.9 8.9 8.9 8.8
Materials 40.1 39.4 38.5 39.2
Durable 23.0 23.2 23.1 23.2
Consumer parts 4.5 4.5 4.6 4.8
Equipment parts 8.4 8.4 8.5 8.5
Other 10.2 10.2 10.1 9.9
Nondurable 8.5 8.6 8.3 8.0
Textile 1.0 1.0 .9 .9
Paper 1.7 1.7 1.7 1.7
Chemical 3.9 4.0 3.8 3.6
Energy 8.6 7.7 7.1 8.0
INDUSTRY GROUP
Manufacturing 86.5 87.6 88.5 87.7
Durable 47.3 48.1 48.9 48.8
Lumber and products 2.1 2.1 2.1 2.3
Furniture and fixtures 1.4 1.5 1.6 1.6
Stone, clay, and glass
products 2.3 2.3 2.4 2.5
Primary metals 3.5 3.6 3.4 3.3
Fabricated metals 5.4 5.6 5.8 5.7
Industrial machinery and
equipment 9.0 9.1 9.0 8.4
Electrical machinery 8.5 8.7 8.7 8.7
Motor vehicles and parts 5.4 5.6 5.6 6.4
Aerospace and miscellaneous
transportation equipment 3.4 3.6 4.3 4.1
Instruments 4.8 4.7 4.7 4.6
Miscellaneous 1.3 1.3 1.3 1.2
Nondurable 39.2 39.6 39.6 38.9
Food and tobacco products 10.3 10.3 10.8 10.6
Textile mill products 1.6 1.5 1.5 1.4
Apparel products 1.9 1.9 1.7 1.7
Paper and products 3.5 3.5 3.5 3.4
Printing and publishing 6.6 6.9 6.8 6.5
Chemicals and products 9.7 9.9 9.7 9.3
Petroleum products 1.7 1.6 1.6 1.9
Rubber and plastics products 3.7 3.8 3.9 3.9
Mining 6.2 5.6 5.0 5.8
Utilities 7.3 6.8 6.5 6.4
Electric 5.8 5.5 5.3 5.2
Gas 1.5 1.3 1.1 1.3
Item 2000 2001
Total index 100.0 100.0
MARKET GROUP
Products 59.9 61.9
Consumer goods 28.4 30.4
Durable 6.5 6.5
Automotive products 3.4 3.5
Home electronics .4 .3
Appliances, furniture,
and carpeting 1.3 1.3
Miscellaneous 1.5 1.4
Nondurable 21.8 23.9
Non-energy 18.6 20.6
Foods and tobacco 10.1 11.2
Clothing 1.4 1.3
Chemical products 4.3 5.1
Paper products 2.8 3.0
Energy 3.2 3.4
Business equipment 13.7 13.1
Transit 3.1 2.9
Information processing 5.5 5.0
Industrial and other 5.2 5.1
Defense and space equipment 1.9 2.0
Construction supplies 6.4 6.6
Business supplies 8.7 8.9
Materials 40.1 38.1
Durable 23.5 22.4
Consumer parts 4.7 4.6
Equipment parts 9.0 8.1
Other 9.7 9.6
Nondurable 7.9 7.6
Textile .8 .8
Paper 1.6 1.6
Chemical 3.7 3.5
Energy 8.8 8.1
INDUSTRY GROUP
Manufacturing 86.5 86.7
Durable 48.3 46.8
Lumber and products 2.2 2.2
Furniture and fixtures 1.5 1.6
Stone, clay, and glass
products 2.5 2.7
Primary metals 3.2 2.9
Fabricated metals 5.8 5.8
Industrial machinery and
equipment 8.2 7.7
Electrical machinery 9.1 7.8
Motor vehicles and parts 6.5 6.4
Aerospace and miscellaneous
transportation equipment 3.9 4.1
Instruments 4.4 4.5
Miscellaneous 1.2 1.2
Nondurable 38.2 39.9
Food and tobacco products 10.7 11.8
Textile mill products 1.3 1.2
Apparel products 1.5 1.5
Paper and products 3.3 3.3
Printing and publishing 6.4 6.6
Chemicals and products 9.2 9.7
Petroleum products 1.9 1.9
Rubber and plastics products 3.8 3.8
Mining 6.8 6.2
Utilities 6.7 7.1
Electric 5.2 5.6
Gas 1.5 1.5
NOTE. The IP proportion data are estimates of the industries'
relative contribution to overall IP growth between the reference year
and the following year. For example, a 1 percent increase in durable
goods manufacturing between 2000 and 2001 would account for a 0.483
percent increase in total IP.
(1.) Standard Industrial Classification; see table A.5, note 1.
pt. Part of classification.
1. Revised rates of change in industrial production and capacity
and the revised rate of capacity utilization, 1998-2001
Revised rate of
change (percent)
2000 1998-
Item pro- 2001 1998 1999
portion avg.
Production
Total industry 100.0 1.7 3.5 4.3
Manufacturing 86.5 1.8 4.3 4.8
Excluding selected high-tech
industries 78.3 -.5 1.4 1.9
Selected high-tech industries 8.2 22.5 35.8 34.0
Mining and utilities 13.5 .5 -2.7 1.3
Capacity
Total industry 100.0 4.0 6.4 3.9
Manufacturing 88.0 4.5 7.2 4.5
Excluding selected high-tech
industries 79.4 1.9 4.4 2.0
Selected high-tech industries 8.7 30.3 36.6 28.6
Mining and utilities 12.0 1.0 -.2 .5
Capacity utilization
(percent, end of period)
Total industry 100.0 80.1 81.5 81.8
Manufacturing 88.0 78.9 80.7 81.0
Excluding selected high-tech
industries 79.4 79.1 80.8 80.7
Selected high-tech industries 8.7 78.1 79.8 83.2
Mining and utilities 12.0 89.2 88.1 88.8
Difference
between re-
Revised vised and
rate of previous
change (percentage
(percent) points)
1998-
Item 2000 2001 2001 1998
avg.
Production
Total industry 2.6 -6.0 -.5 .3
Manufacturing 2.3 -6.3 -.6 .3
Excluding selected high-tech
industries -1.3 -5.3 -.2 .2
Selected high-tech industries 39.5 -15.9 -7.3 -1.4
Mining and utilities 4.2 -3.8 .3 .5
Capacity
Total industry 4.0 1.7 -.5 -.1
Manufacturing 4.7 1.6 -.5 -.1
Excluding selected high-tech
industries 1.0 .3 -.2 -.1
Selected high-tech industries 42.9 12.9 -6.3 -2.8
Mining and utilities .8 3.1 .0 -.8
Capacity utilization
(percent, end of period)
Total industry 80.7 74.6 -.1 .2
Manufacturing 79.1 72.9 -.3 .2
Excluding selected high-tech
industries 78.9 74.5 -.2 .1
Selected high-tech industries 81.2 60.5 -.5 .7
Mining and utilities 91.8 85.7 1.4 1.3
Difference between
revised and previous
(percentage points)
Item 1999 2000 2001
Production
Total industry -.7 -1.6 -.1
Manufacturing -.8 -1.9 .1
Excluding selected high-tech
industries -.4 -.7 .7
Selected high-tech industries -6.6 -15.8 -5.1
Mining and utilities .2 .4 -1.8
Capacity
Total industry -.7 -.5 -.7
Manufacturing -.6 -.3 -1.0
Excluding selected high-tech
industries .0 -.3 -.3
Selected high-tech industries -9.2 -4.7 -8.6
Mining and utilities -.3 -.4 1.3
Capacity utilization
(percent, end of period)
Total industry .2 -.6 -.2
Manufacturing .1 -1.2 -.4
Excluding selected high-tech
industries -.2 -.6 .1
Selected high-tech industries 2.4 -3.9 -2.3
Mining and utilities 1.7 2.4 .3
NOTE. The 1998-2001 average rate of change is calculated as the average
annual percent change in the seasonally adjusted index from the fourth
quarter of 1997 to the fourth quarter of 2001. Rates for years are
calculated from the fourth quarter of the previous year to the fourth
quarter of the year specified. The capacity utilization rates for years
are for the last quarter of the year.
The difference between revised and previous rates of change for IP for
2001 is calculated for the period 2000:Q4 to 2001:Q3; the difference
for 1998-2001 is calculated for the period 1997:Q4 to 2001:Q3. The
difference in capacity utilization for 2001 refers to 2001:Q3 and the
difference for 1998-2001 refers to the period ending 2001:Q3.
High-tech industries include the manufacturers of semiconductors and
related devices, computers and computer peripherals, an |