Industrial production and capacity utilization: the 2004 annual revision.On December December: see month. 22, 2004, the Board of Governors of the Federal Reserve issued revisions ReVisions is a 2004 anthology of alternate history short-stories. It is edited by Julie E. Czerneda and Isaac Szpindel. Contents Title Author The Resonance of Light James Alan Gardner Out of China Julie E. to its index of industrial production (IP) and the related measures of capacity and 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 the period from January January: see month. 1972 to November November: see month. 2004. Overall, the changes to total industrial production were small and almost entirely in the period from 2002 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. (chart 1). (1) The levels, but not the rates of change, for years before 1972 were also revised. [GRAPHIC OMITTED] Measured from the fourth quarter of 2002 to the third quarter of 2004, industrial output is reported to have increased a little less than shown previously. Production expanded more slowly in 2000 than earlier estimates indicated, whereas the contraction contraction, in physics contraction, in physics: see expansion. contraction, in grammar contraction, in writing: see abbreviation. contraction - reduction in 2001 was a little less steep. The rise in output in 2002 was slightly stronger than reported earlier. Although the level of IP was a bit lower in the third quarter of 2004 than previously reported, the rate of industrial capacity utilization--the ratio of production to capacity--was revised upward. At 78.2 percent, 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 total industry was 0.9 percentage point higher than previously reported but still 2.9 percentage points below its 1972-2003 average. The current figures place the 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. in manufacturing for the fourth quarter of 2003 and the third quarter of 2004 about 1/2 percentage point above their earlier estimates. Excluding selected high-technology industries, capacity utilization in manufacturing in 2003 and 2004 was little revised on balance (chart 2). Capacity utilization rates Capacity utilization rate The percentage of the economy's total plant and equipment that is currently in production. Usually, a decrease in this percentage signals an economic slowdown, while an increase signals economic expansion. at mines and utilities for the third quarter of 2004 were about 2 percentage points higher than reported earlier. [GRAPHIC OMITTED] The 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. indicated that industrial capacity expanded at a slower rate in 2002 and 2004 than estimated previously. Capacity is reported to have declined a bit in 2003; previously, a small increase had been reported. The current figures for capacity in 2000 and 2001 indicate a slightly stronger rate of increase than the earlier estimates did. The updated IP and capacity measures incorporate newly available and more-comprehensive source data. Also, the revision introduced improved methods for compiling com·pile tr.v. com·piled, com·pil·ing, com·piles 1. To gather into a single book. 2. To put together or compose from materials gathered from several sources: sixteen monthly production series and one new capacity series. The annual source data were generally for 2002 and 2003, 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 affected indexes largely from 1972 forward. The main data source introduced in this annual IP revision was the U.S. 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. Bureau's recently issued 2002 Census of Manufactures. Data introduced from other Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census publications included the 2002 Census of Services and the 2003 Services Annual Survey (for publishing) and selected 2003 Current Industrial Reports. Additional government source data included annual data on minerals for 2002 and 2003 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 (USGS USGS United States Geological Survey (US Department of the Interior) ) and updated deflators from the Bureau of Economic Analysis. Also, the new monthly production estimates reflect updated seasonal factors and include 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 were calculated using the revised production indexes; results from the Census Bureau's 2003 Survey of Plant Capacity for the fourth quarter of the year; and newly available data on industrial capacity from the USGS, the Energy Information Agency of the Department of Energy, and other organizations. RESULTS OF THE REVISION For the third quarter of 2004, total industrial production was reported to be 115.9 percent of output in 1997 (appendix appendix, small, worm-shaped blind tube, about 3 in. (7.6 cm) long and 1-4 in. to 1 in. (.64–2.54 cm) thick, projecting from the cecum (part of the large intestine) on the right side of the lower abdominal cavity. table A.1), and capacity stood at 148.2 percent of output in 1997 (appendix table A.2); both indexes are lower than reported previously. However, because the downward revision to capacity was larger than that to production, the utilization rate for total industry in the third quarter of 2004 was higher than earlier reports suggested. Appendix tables A.3 and A.4 show the revised rates of change of industrial production for market groups, industry groups, special aggregates, and selected detail for the years 2000 through 2004. Appendix tables A.5, A.6, and A.7 show the revised figures for capacity utilization, capacity, and electric power use. Appendix tables A.3, A.4, A.6, and A.7 show the difference between the revised and earlier rates of change as well. Appendix table A.5 also shows the difference between the revised and previous rates of capacity utilization for the final quarter of the year (the third quarter was used for 2004). Appendix table A.8 shows the annual proportions of market groups and industry groups in total IP. Industrial Production The revision indicated that the overall path of industrial production was much the same as stated earlier. The most significant feature of this revision--the incorporation of the 2002 Census of Manufactures--had little effect on the top-line estimates. Production by Industry Groups Relative to earlier reports, the current estimates for manufacturing IP indicate a more moderate upward trajectory Trajectory The curve described by a body moving through space, as of a meteor through the atmosphere, a planet around the Sun, a projectile fired from a gun, or a rocket in flight. for 2003 and 2004. Like the revisions to total industrial production, the revisions to manufacturing output in earlier years were minimal. Across industry groups, the revision path indicates that the output 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. manufacturers followed a generally lower trajectory in recent years than the previous estimates suggested. Industries that contributed to the downward revision in 2003 and 2004 include the computer and electronic products industry, the miscellaneous manufacturing industry, the fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: metal products industry, the machinery industry, and the wood products industry. Overall, the index for 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. manufacturing was a little higher than the previous estimates. In 2004, lower indexes for printing and support; chemicals; plastics and rubber products; and apparel and leather were accompanied ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. by upward revisions to the indexes for petroleum and coal products; food, beverage, and tobacco products; 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. and product mills; and paper. The revision indicated lower output in recent years for the industries that have historically been defined as manufacturing (namely publishing and logging) but that are classified elsewhere under the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Industry Classification System (NAICS NAICS North American Industry Classification System ). The rates of change for 2003 and 2004 are about 4 percentage points lower than previously published. Regarding a few special aggregates (appendix table A.4), the output of selected high-technology industries--computer and peripheral Any input, output or storage device connected externally or internally to the computer's CPU, such as a monitor, keyboard, printer, disk, tape, graphics tablet, scanner, joy stick, paddle or mouse. equipment, communications equipment, and semiconductors and related electronic components--was lower in recent years than previously estimated. Production is reported to have fallen somewhat more steeply steep 1 adj. steep·er, steep·est 1. Having a sharp inclination; precipitous. 2. At a rapid or precipitous rate: a steep rise in salaries. 3. a. in 2001 and to have risen somewhat less in 2002, 2003, and 2004. Relative to earlier estimates, the output of computer and peripheral equipment is estimated to have increased much more slowly in 2002 and 2004 and more quickly in 2003. The index for communications equipment is reported to have declined at a faster pace in 2002 than was reported earlier; the 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 2003 is shown to be markedly stronger. The expansion of semiconductor output is estimated to have been much more moderate in 2003 and somewhat stronger in 2004 than earlier estimates suggested. The revision found somewhat stronger output of motor vehicles and parts in recent years. Relative to earlier estimates, the index rose more in 2002 and 2003. Production by Market Groups Among major market groups, the production index for final products and nonindustrial adj. 1. not industrial; - used of societies. Opposite of industrial nt> and industrialized nt>. Adj. 1. nonindustrial - not having highly developed manufacturing enterprises; "a nonindustrial society" supplies is little changed from earlier estimates for recent years. The overall path of this index shows a rise in 2000, a dropback in 2001, and then increasingly large gains for 2002 through 2004 (chart 3). The revision strengthened 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 for 2001 through 2003; however, the increase in 2004 is estimated to be a little lower. The production of business equipment is reported to be somewhat weaker in the 2000-04 period, on balance, than in the earlier estimates. Production of defense and space equipment is reported to have risen a bit less in 2001 than earlier reports suggested, but the overall contour contour or contour line, line on a topographic map connecting points of equal elevation above or below mean sea level. It is thus a kind of isopleth, or line of equal quantity. of the index still shows solid gains since 2001. On balance, the index for construction supplies is a little stronger since 2000 than reported earlier. However, the index for business supplies is weaker over the same time period. The output of materials was also weaker in recent years, particularly in 2003 and 2004; production indexes for both the energy and non-energy categories were revised downward. [GRAPHIC OMITTED] Capacity The general contour of manufacturing capacity shows a slightly more rapid acceleration acceleration, change in the velocity of a body with respect to time. Since velocity is a vector quantity, involving both magnitude and direction, acceleration is also a vector. In order to produce an acceleration, a force must be applied to the body. during the second half of the 1990s and a sharper deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed. early deceleration since then. The revisions to the capacity indexes for durable goods industries were the principal contributors to the changes in the contour of manufacturing capacity. The estimates for nondurable manufactures over the same time period are, on balance, little changed from earlier reports. Among selected high-technology industries, the overall picture of rapidly expanding capacity in the late 1990s followed by more-moderate increases still remains. However, the revision suggested a slower path of expansion in the 2000-04 period than indicated previously. Excluding high-technology industries, manufacturing capacity contracted slightly in 2002 and 2003; the estimates show a small increase for 2004 that is about the same as in the earlier reports. Capacity at mines decreased in four of the past five years and has declined, on balance, more than previously estimated. In contrast, capacity at electric and gas utilities accelerated sharply from 2000 to 2003, although the current measures show, on balance, a slower rate of expansion than previous estimates. For 2004, the increase in capacity at utilities moderated a bit from the pace seen over the preceding four years. The revisions to the capacity estimates for stage-of-process groups occurred across all groups but were most pronounced in the category for primary and semifinished sem·i·fin·ished adj. 1. Made, treated, or sold to be used in a finished product: semifinished steel. 2. Partially finished: a semifinished basement. goods. For 2002 through 2004, the current capacity measures exhibit lower rates of change than previously reported for each stage-of-process group. Capacity Utilization The revised rates of capacity utilization are somewhat higher than the previous estimates for recent years, mainly because of downward revisions to capacity. For the fourth quarter of 2003 and the third quarter of 2004, the revised utilization rates for total industry are about 1 percentage point higher than the earlier estimates. Utilization rates were revised upward for the three major industrial sectors--manufacturing, mining, and electric and gas utilities--with the revisions concentrated in a few industries in each sector. Capacity utilization for total industry was 78.8 percent in the fourth quarter of 2004, a level that is 2.3 percentage points below its 1972-2003 average. At 85.6 percent in the fourth quarter, the operating rate for industries in the crude stage of processing was less than 1 percentage point below its long-run adj. 1. relating to or extending over a relatively long time; as, the long-run significance of the elections s>. Adj. 1. long-run average (chart 4). The utilization rates for industries in the primary and semifinished processing group and in the finished processing group for the fourth quarter of 2004 were about 2 percentage points below their respective long-run averages. [GRAPHIC OMITTED] Operating rates in manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation were revised up about 1/2 percentage point in 2003 and in 2004; those changes accounted for about one-half of the upward revisions to total industry capacity utilization in each year. In both 2003 and 2004, some of the upward revision to manufacturing operating rates was attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to a lower aggregation weight being accorded to high-technology industries; during this time period, the high-technology industries had relatively low utilization rates, but the downward revision to their weight reduced their drag on Verb 1. drag on - last unnecessarily long drag out last, endure - persist for a specified period of time; "The bad weather lasted for three days" 2. the overall operating rate. In 2004, the upward revision to manufacturing operating rates was also, in part, attributable to utilization rates in the selected high-technology industries that were not as low as previously published. The operating rate for the selected high-technology industries was 69.9 percent in the third quarter of 2004--1.8 percentage points above the previously reported level and 11.6 percentage points above its trough Trough The stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion. in the second quarter of 2002 (chart 5). On balance for recent years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time revision placed utilization in the semiconductors and related electronic components industry at a higher rate than reported earlier but indicated a lower rate for communications equipment. Operating rates in the computer and peripheral equipment industry were not much changed. [GRAPHIC OMITTED] Outside the high-technology industries, manufacturing operating rates in recent years were, on balance, revised little. The current estimates for nondurable goods manufacturers and for durable goods manufacturers excluding the high-technology industries are little changed in 2003 and 2004. Over the same period, particularly for 2004, the utilization rates for other (non-NAICS) manufacturers are lower than earlier estimates suggested. Outside of manufacturing, the revision placed the utilization rates for mines and for electric and gas utilities at higher levels than reported earlier. The upward revisions to the utilization rates for utilities reflect a significant downward revision to the data on electricity generation capacity. Less capacity at coal mines and an upward revision to drilling activity yielded higher operating rates in these industries that more than offset downward revisions to utilization rates elsewhere in mining. For the third quarter of 2004, the utilization rate at mines was 86.3 percent, and the utilization rate at gas and electric utilities was 83.7 percent. Both measures are still below their 1972-2003 averages but roughly 2 percentage points above their previous estimates. TECHNICAL ASPECTS OF THE REVISION The revision incorporated updated comprehensive annual data and revised monthly source data used in the estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. of production, capacity, and utilization. As noted earlier, the revision included information drawn from the recently released 2002 Census of Manufactures. Additionally, this revision incorporated the 2003 Survey of Plant Capacity, other annual industry reports, recent information on prices, and revised monthly source data measuring physical output and labor and electricity inputs to production. Along with the individual production series and seasonal factors, the annual value-added val·ue-add·ed adj. Of or relating to the estimated value that is added to a product or material at each stage of its manufacture or distribution: weights used in aggregating the indexes to market and industry groups were also updated. Changes to Benchmark Indexes The benchmark indexes for manufacturing--defined for each six-digit NAICS industry as nominal Trifling, token, or slight; not real or substantial; in name only. Nominal capital, for example, refers to extremely small or negligible funds, the use of which in a particular business is incidental. NOMINAL. Relating to a name. gross output divided by a price index--were modified in the revision. The principal change to the indexes was the inclusion of new information from the 2002 Census of Manufactures and revisions to the information in the 2001 Annual Survey of Manufactures. In addition, the benchmark indexes incorporated newly Bureau of Economic Analysis (BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. ). The new price data were not significantly different from the estimates that had been used previously. The calculation of nominal gross output for the benchmark indexes was also revised for 1997 to the present. Previously, nominal gross output for an industry was defined to equal cost of materials plus value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. . The updated methodology subtracts from that figure the cost of resold goods (those goods purchased by a manufacturer and then resold without any material transformation). Changes to Individual Production Series With the revision, the monthly production indicators for some series have changed. The source data for eleven industries were switched from electric power use to production-worker hours. These industries, which constituted 6.6 percent of IP in 2003, are the following: 1. other animal food (NAICS 311119) 2. soft drink and ice (31211) 3. wood container (1) Software that acts as a parent program to hold and execute a set of commands or to run other software routines. (2) A data structure that holds one or more different types of data. See metafile and OLE. and pallet (32192) 4. paving, roofing, and other petroleum and coal products (32412,9) 5. pesticide pesticide, biological, physical, or chemical agent used to kill plants or animals that are harmful to people; in practice, the term pesticide is often applied only to chemical agents. and other agricultural chemicals (32532) 6. concrete and product (32732-9) 7. forging and stamping stamp v. stamped, stamp·ing, stamps v.tr. 1. To bring down (the foot) forcibly. 2. To bring the foot down onto (an object or surface) forcibly. 3. (3321) 8. coating, engraving engraving, in its broadest sense, the art of cutting lines in metal, wood, or other material either for decoration or for reproduction through printing. In its narrowest sense, it is an intaglio printing process in which the lines are cut in a metal plate with a , heat treating, and allied activities (3328) 9. motor vehicle metal stamping (33637) 10. household and institutional furniture and kitchen cabinet (3371) 11. medical equipment and supplies (3391) The decision to switch the monthly indicators for these industries resulted from a deterioration de·te·ri·o·ra·tion n. The process or condition of becoming worse. in the sample of utilities that report for these industries as well as from a review of the historical annual relationships between the output benchmarks and the two corresponding inputs to production. The revision also incorporated new physical product indicators for five industries, which made up 1.4 percent of IP in 2003: 1. aluminum foundries (NAICS 331521,4) 2. machine tools (333512,3) 3. engine manufacturing (333618) 4. mattress manufacturing (33791) 5. book publishing book publishing. The term publishing means, in the broadest sense, making something publicly known. Usually it refers to the issuing of printed materials, such as books, magazines, periodicals, and the like. (51113) Previously, these industries were combined with other industries in single IP indexes and then estimated from production-worker hours. Although not published, the additional series raised the total number of individual output indexes that make up industrial production to 300. The aluminum foundries industry (NAICS 331521,4) was formerly grouped with other nonferrous non·fer·rous adj. 1. Not composed of or containing iron. 2. Of or relating to metals other than iron. nonferrous Adjective 1. foundries in a single IP index based on production-worker hours. For 1992 and forward, this revision established separate indexes for aluminum foundries and for other nonferrous foundries. The production indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. for the new index for aluminum foundries is a value-weighted aggregate of quarterly shipments of dies, permanent molds, sand castings Casting is the process of production of objects by pouring molten material into a cavity called a mold which is the negative, or mirror image of the object, and allowing it to cool and solidify. , and other castings, for which the underlying data are obtained from the Aluminum Association. In 2003, dies made up 56.5 percent of the total product value of this industry, sand castings made up 21.4 percent, permanent molds made up 21.9 percent, and the other castings made up the very small remainder. These data are available from 1994 forward; the indexes for 1992 and 1993 were estimated based on production-worker hours. The separate index for other nonferrous foundries (331522,5,8) is based on production-worker hours. The machine tools industry (metal cutting and forming machinery, NAICS 333512,3) was formerly grouped with other metalworking machinery in a single IP index based on production-worker hours. For 1992 and forward, the revision introduced a new index for the machine tool industry that is based on quarterly shipments data from the Census Bureau. Other metalworking machinery (333511,4,5,6,8) is now a separate index based on production-worker hours. The Census Bureau's Current Industrial Report on Metalworking Machinery (MQ333W) provides data on shipments for a variety of machine tools, including boring boring 1. a gait in a horse in which the horse leans heavily on the bit. 2. in racing, movement of a horse to put lateral pressure on another horse racing beside it. and drilling machines A Drilling machine is used for foundation construction in the building industry, or for drilling water or oil wells. Parts
Drilling machines are classified on the basis of: n the process of making a surface smooth and glossy or giving luster to a surface, usually by friction. polishing brush, n See brush, polishing. machines; lathes; milling machines milling machine Machine tool that rotates a circular tool with numerous cutting edges arranged symmetrically about its axis, called a milling cutter. The metal workpiece is usually held in a vise clamped to a table that can move in three perpendicular directions. ; machining centers; punching Metals Punching in metal fabrication is the process of using a machine to press a shape through a sheet of metal and into a die to create that shape in the metal. , shearing shearing In textile manufacturing, the cutting of the raised nap of a pile fabric to a uniform height to enhance appearance. Shearing machines operate much like rotary lawn mowers, and the amount of shearing depends on the desired height of the nap or pile. , bending, and forming machines; and presses. Both unit and revenue measures for shipments are used to construct a Fisher fisher, name of a large North American marten, Martes pennanti. This carnivorous, largely arboreal mammal is found in hardwood forests of Canada, the extreme N United States, and mountain ranges of the W United States. index of real shipments. A model-based estimate of the change in inventories (see box "The Estimation of Inventories for the Machine Tool Industry") is then added to the shipments index to compute To perform mathematical operations or general computer processing. For an explanation of "The 3 C's," or how the computer processes data, see computer. a production index. The Estimation of Inventories for the Machine Tools Industry In the inventory model used in the estimation of machine tool production, manufacturers are assumed to want to hold inventories proportional to their expected shipments. The estimate of inventory change is computed as the sum of three components: a trend rate of stockbuilding, a portion of the adjustment to inventories that a manufacturer would need to make in order to reach a desired inventory level, and the impact on stocks of a deviation of shipments from expectations. Three parameters are required for the model: (1) a target for the ratio of inventories to expected sales, (2) a parameter that indicates how quickly manufacturers try to make up the deviation from their target inventory level at the end of the previous quarter, and (3) a parameter that indicates the degree to which surprises in shipments are offset by changes in actual production in the same quarter. The parameters values were chosen by examining industries for which shipments data exist and either production or inventory data exist. The primary criterion for the selection of parameter values was to maximize the [R.sup.2] statistic attained when regressing the period-to-period rate of change for the seasonally adjusted production series on the rate of change for the output estimate from the model (which is equal to shipments plus the model's estimate of the change in inventories). In addition to just maximizing the average [R.sup.2] statistic over all of the industries examined, it was also undesirable for the [R.sup.2] statistic to decrease rapidly as a result of small perturbations in the parameter values. The parameters that resulted from this estimation procedure seemed plausible. The target for the ratio of inventories to expected shipments was selected to be 0.3 quarter, or equivalently one month, of supply. Surprises in shipments were estimated to be mostly offset by production changes within a quarter--only 20 percent of the surprise feeds through to inventories by the end of the quarter. Last, it was estimated that during a quarter, manufacturers try to close about 40 percent of any gap between actual and target inventory levels that existed at the beginning of the quarter. Engine manufacturing (NAICS 333618) was formerly grouped with power transmission equipment in a single IP index based on production-worker hours. For 1992 and forward, engines and power transmission equipment are separate indexes. The NAICS industry 333618 comprises manufacturers of internal combustion engines Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. except those who produce automotive gasoline engines gasoline engine: see internal-combustion engine. gasoline engine Most widely used form of internal-combustion engine, found in most automobiles and many other vehicles. or aircraft engines. Monthly diesel engine assemblies from Stark Communications, Inc., provide the production indicator for the new index for engines. The remainder of the previous grouping--speed changers
The Changers are a fictional group of anti-hero published by Wildstorm an imprint of DC Comics. , drives, gears, and power transmission equipment (NAICS 333612,3)--is now a separate index and is still based on production-worker hours. The output of mattresses (NAICS 33791) was formerly grouped with the output of blinds and shades (NAICS 33792) in a single IP index called "Other furniture related product," and the estimates were based on production-worker hours. Under the revision, mattress production for 1987 and forward is based on monthly unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. data for mattresses and foundations from the International Sleep Products Association (ISPA ISPA International School Psychology Association ISPA Internet Service Providers Association ISPA Instituto Superior de Psicologia Aplicada (Portugal) ISPA International Spa Association ISPA Istituto di Scienze delle Produzioni Alimentari ). The blinds and shades index continues to be based on production-worker hours. The ISPA data come from a monthly survey of leading producers of mattresses and foundations. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the ISPA, survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. in 2003 represented more than 60 percent of industry unit shipments and nearly 75 percent of wholesale dollar sales. In addition to providing information from survey respondents, the organization estimates shipments and sales for the industry as a whole. The ISPA issues information separately for mattresses and for foundations; however, currently not enough history exists for the two components to be independently weighted. Previously, the output of the book publishing industry (NAICS 51113) was grouped with the output of other publishing operations except newspapers (51112,4,9) into a single index called "Periodical periodical, a publication that is issued regularly. It is distinguished from the newspaper in format in that its pages are smaller and are usually bound, and it is published at weekly, monthly, quarterly, or other intervals, rather than daily. , book, and other publishers" and was based on production-worker hours. The revision introduced a new index for book publishing that begins in 1987 and is estimated separately from the other publishing operations. The new index for periodicals and other publishers is based on production-worker hours. The new index for the book publishing industry is based on gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. listed in the monthly reports issued by the Association of American Publishers (body, publication) Association of American Publishers - (AAP) A group engaged in standardisation efforts in document preparation. . A Fisher index of real sales is constructed from sixteen separate categories of books and is used as the indicator for the book publishing series. The underlying gross revenue data are deflated de·flate v. de·flat·ed, de·flat·ing, de·flates v.tr. 1. a. To release contained air or gas from. b. To collapse by releasing contained air or gas. 2. by detailed producer price indexes from the Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. . Because of the volatility Volatility 1. A statistical measure of the tendency of a market or security to rise or fall sharply within a period of time. 2. A variable in option pricing formulas that denotes the extent to which the return of the underlying asset will fluctuate between now and the of the sales data, the monthly production index is a three-month centered moving average in which the data for the second month are more heavily weighted than are the data for the first or third month. The new book publishing index will continue to be published as part of the aggregate index for "Periodical, book, and other publishers" (NAICS 51112-9). Book publishing comprises approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 20 percent of the aggregate index and about 1 percent of total IP. Table 2 shows the 2003 value-added proportion of data by type available in each month of the four-month IP publication window. The first estimate of output for a month is preliminary and is subject to revision in each of the subsequent three months as new source data become available. As the table indicates, by the third revision (the fourth month of an estimate), the physical-product content of IP is 50.1 percent. The revision incorporated refined methods for a few series. The coverage was broadened for some of the motor vehicles parts series to include more information for engines, brakes, transmissions, and axles. This revision also included new methods for the production indicator for electronic computers; the new estimates incorporate a refined concordance concordance /con·cor·dance/ (-kord´ins) in genetics, the occurrence of a given trait in both members of a twin pair.concor´dant con·cor·dance n. between trade data from the Census Bureau and the source data for computer sales. LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. Equipment The 2000 revision introduced a new IP series for the production of local area network (LAN) equipment (routers, switches, and hubs hubs - hub ). The 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. (2) Table 3 updates the results for LAN equipment. Changes to Individual Capacity Series The revision to the capacity indexes used updated information for the publishing industry, for which there had been a gap in the collection of operating rates. Through 1998, the Survey of Plant Capacity (SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management. 2. (body) SPC - Software Productivity Centre. 3. (company) SPC - Software Publishing Corporation. 4. ), which covers the manufacturing sector, was conducted under the Standard Industrial Classi- fication (SIC) system. The SIC system included the publishing industry in the manufacturing sector. In 1999, the SPC began to be conducted under NAICS, which excludes the publishing industry from the manufacturing sector. In 2002, the Census Bureau recommenced collection of publishing industry data under the SPC. The release of the 2003 SPC provided the Federal Reserve Board with two consecutive data points for the publishing industry and enabled the interpolation interpolation In mathematics, estimation of a value between two known data points. A simple example is calculating the mean (see mean, median, and mode) of two population counts made 10 years apart to estimate the population in the fifth year. of industry information for the missing years 1999-2001. The revisions to the capacity indexes also incorporated the BEA's capital flow table for 1997. This table provided a detailed breakdown breakdown /break·down/ (brak´doun) 1. the act or process of ceasing to function. 2. an often sudden collapse in health. 3. loss of self-control. of the asset composition of industry investment. The Federal Reserve used the capital flow table to estimate annual asset-by-industry investment flows--which is the first step in constructing measures of industry capital input. Before the current revision, the Federal Reserve used data for thirty-five asset categories; this revision added a thirty-sixth, software investment. Finally, the capacity series for semiconductors was split into two components. One covers microprocessor microprocessor, integrated circuit containing the arithmetic, logic, and control circuitry required to interpret and execute instructions from a computer program. units (MPUs), and the other covers non-MPU semiconductors, such as memory, logic, and other integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for chips. Neither component will be published. Weights for Aggregation The IP index is an annually weighted Fisher index. This revision used information from the Census of Manufactures to obtain updated estimates of the industry value-added weights for the aggregation of IP indexes and capacity utilization rates. The Federal Reserve derives estimates of value added for the electric and gas utility industries from annual revenue and expense data issued by other organizations. The weights for aggregation, expressed as unit value added, were estimated using the latest data on producer prices. Appendix table A.8 shows the annual value-added proportions incorporated in the IP index from 1996 through 2004. Revised Monthly Data The revision incorporated product data that became available after the regular four-month reporting window for monthly IP had closed. One example is the data on wine and tobacco issued by the Department of the Treasury's Alcohol and Tobacco Tax and Trade Bureau The Alcohol and Tobacco Tax and Trade Bureau, shortened to Tax and Trade Bureau or TTB, is a bureau of the United States Department of the Treasury. On January 24, 2003, the Homeland Security Act of 2002 (the Act) split functions of the Bureau of Alcohol, Tobacco and . These data were released with too great a lag to be incorporated in the monthly IP estimates; however, the data were available for inclusion in the annual revision. Revised Seasonal Factors Seasonal factors for all series were reestimated using data that extend into 2004. Factors for production-worker hours, which adjust for timing, holiday, and monthly seasonal patterns, were updated with data through September September: see month. 2004 and were prorated to correspond with the seasonal factors for hours aggregated to the three-digit NAICS level. Factors for the electric power series were reestimated using data through June June: see month. 2004. The updated factors for the physical product series, which include adjustments for holiday and workday patterns, used data through at least September 2004. Seasonal factors for unit motor vehicle assemblies have been updated, and projections through June 2005 are on the Board's website at www.federalreserve.gov/releases/g17/mvsf.htm. APPENDIX A: TABLES BASED ON THE G.17 RELEASE, JANUARY 14, 2005
A.1. Revised data for industrial production for total industry
Seasonally adjusted data except as noted
Year Jan. Feb. Mar. Apr. May June July Aug.
Industrial production (percent change)
1972 2.4 .9 .8 1.0 .0 .3 .1 1.3
1973 .6 1.5 .0 -.2 .7 .1 .4 -.1
1974 -.7 -.3 .0 -.1 .6 -.1 .1 -.9
1975 -1.3 -2.4 -1.0 .0 -.1 .7 1.1 .9
1976 1.4 .9 .0 .7 .4 .0 .6 .7
1977 -.6 1.5 1.2 .9 .8 .7 .3 .1
1978 -1.4 .5 1.9 1.9 .4 .7 .0 .4
1979 -.7 .6 .3 -1.0 .7 .0 -.2 -.7
1980 .4 .0 -.4 -2.0 -2.5 -1.3 -.6 .3
1981 -.5 -.5 .5 -.4 .7 .5 .7 .0
1982 -1.9 1.9 -.7 -.8 -.7 -.4 -.4 -.8
1983 1.9 -.6 .9 1.2 .7 .6 1.6 1.1
1984 2.1 .4 .5 .6 .5 .4 .3 .1
1985 -.3 .4 .1 -.2 .1 .0 -.7 .5
1986 .5 -.8 -.6 .0 .2 -.3 .6 -.2
1987 -.3 1.3 .1 .6 .7 .5 .6 .7
1988 .0 .4 .3 .5 -.1 .2 .2 .5
1989 .3 -.5 .3 -.1 -.7 .0 -.9 1.0
1990 -.6 .9 .5 .0 .1 .3 -.2 .3
1991 -.5 -.6 -.5 .2 1.0 1.0 .0 .1
1992 -.6 .7 .8 .7 .5 .0 .8 -.4
1993 .5 .4 .0 .3 -.4 .2 .3 .1
1994 .4 .0 1.0 .5 .6 .7 .2 .5
1995 .3 .0 .1 .0 .2 .3 -.4 1.4
1996 -.9 1.5 -.2 .9 .7 .9 -.1 .7
1997 .3 1.2 .5 .2 .4 .5 .6 1.0
1998 .5 .2 .2 .6 .5 -.4 -.2 1.9
1999 .6 .4 .4 .2 .7 .0 .6 .6
2000 -.1 .4 .6 .7 .6 .0 -.5 -.3
2001 -1.0 -.6 -.3 -.2 -.5 -.6 -.4 -.1
2002 .7 -.2 .6 .4 .2 .7 -.1 .0
2003 .2 .1 -.4 -.9 .1 .3 .6 -.1
2004 .3 1.1 -.3 .5 .7 -.4 .7 .1
Industrial production (1997 = 100)
1972 50.0 50.4 50.8 51.3 51.3 51.5 51.5 52.2
1973 54.9 55.7 55.7 55.5 55.9 56.0 56.2 56.2
1974 56.7 56.5 56.5 56.5 56.8 56.7 56.8 56.2
1975 51.6 50.4 49.8 49.8 49.8 50.1 50.6 51.1
1976 53.5 54.0 54.0 54.4 54.6 54.6 54.9 55.3
1977 56.6 57.4 58.1 58.7 59.1 59.5 59.7 59.8
1978 59.5 59.8 60.9 62.1 62.4 62.8 62.8 63.0
1979 64.1 64.5 64.7 64.0 64.5 64.5 64.4 63.9
1980 64.6 64.7 64.4 63.2 61.6 60.8 60.4 60.6
1981 63.4 63.1 63.4 63.1 63.6 63.9 64.3 64.3
1982 60.9 62.1 61.6 61.1 60.7 60.5 60.2 59.7
1983 59.4 59.0 59.5 60.2 60.7 61.0 62.0 62.7
1984 66.0 66.3 66.6 67.0 67.3 67.6 67.8 67.9
1985 67.8 68.1 68.2 68.1 68.2 68.2 67.7 68.1
1986 69.4 68.9 68.4 68.4 68.6 68.3 68.8 68.6
1987 69.8 70.7 70.8 71.2 71.7 72.0 72.5 73.0
1988 75.0 75.2 75.4 75.8 75.7 75.9 76.0 76.4
1989 77.3 76.9 77.1 77.1 76.5 76.6 75.9 76.6
1990 76.6 77.2 77.6 77.6 77.6 77.9 77.7 77.9
1991 75.7 75.2 74.9 75.0 75.8 76.5 76.5 76.6
1992 76.3 76.9 77.5 78.0 78.4 78.3 78.9 78.6
1993 80.0 80.4 80.4 80.6 80.3 80.5 80.8 80.8
1994 82.9 83.0 83.7 84.2 84.7 85.3 85.5 85.9
1995 88.6 88.6 88.7 88.6 88.8 89.1 88.7 89.9
1996 90.0 91.4 91.1 92.0 92.6 93.4 93.3 93.9
1997 96.4 97.6 98.1 98.3 98.7 99.2 99.8 100.8
1998 104.1 104.2 104.5 105.2 105.7 105.3 105.1 107.0
1999 108.2 108.6 109.0 109.3 110.0 110.0 110.7 111.4
2000 113.8 114.3 114.9 115.7 116.4 116.4 115.9 115.5
2001 113.8 113.1 112.7 112.5 111.9 111.3 110.8 110.7
2002 109.9 109.7 110.3 110.7 111.0 111.8 111.7 111.6
2003 110.9 111.0 110.6 109.5 109.6 109.9 110.6 110.5
2004 113.2 114.4 114.1 114.7 115.5 115.1 115.9 116.0
Quarter
Year Sept. Oct. Nov. Dec. 1
Industrial production (percent change)
1972 .8 1.3 1.1 1.2 17.8
1973 .9 .6 .5 -.3 11.7
1974 .1 -.4 -3.3 -3.5 -3.8
1975 1.3 .4 .3 1.3 -23.9
1976 .2 .1 1.5 1.0 12.5
1977 .5 .3 .1 .1 8.4
1978 .3 .8 .8 .6 -1.5
1979 .1 .5 -.1 .2 1.8
1980 1.6 1.2 1.7 .6 1.5
1981 -.7 -.7 -1.1 -1.1 .9
1982 -.4 -.8 -.4 -.8 -7.5
1983 1.6 .8 .3 .5 4.4
1984 -.2 -.1 .4 .1 12.5
1985 .4 -.4 .3 1.0 1.1
1986 .2 .4 .5 .9 2.4
1987 .2 1.5 .5 .5 5.5
1988 -.3 .6 .2 .4 3.4
1989 -.3 .0 .3 .7 1.5
1990 .2 -.7 -1.2 -.7 2.6
1991 .8 -.2 -.1 -.3 -7.5
1992 .2 .7 .4 .0 -.3
1993 .4 .7 .5 .5 3.7
1994 .2 .9 .6 1.1 5.2
1995 .4 -.2 .2 .5 5.2
1996 .6 .1 .9 .7 1.7
1997 .9 .8 .6 .4 8.6
1998 -.3 .8 -.2 .2 4.6
1999 -.3 1.2 .5 1.0 4.4
2000 .4 -.5 -.1 -.2 4.7
2001 -.5 -.4 -.5 .0 -6.7
2002 .0 -.5 .1 -.4 2.3
2003 .7 .2 1.0 .2 -.7
2004 -.3 .8 .2 .8 5.6
Industrial production (1997 = 100)
1972 52.6 53.3 53.9 54.5 50.4
1973 56.6 57.0 57.3 57.1 55.4
1974 56.3 56.1 54.2 52.3 56.6
1975 51.8 52.0 52.1 52.8 50.6
1976 55.4 55.5 56.3 56.9 53.8
1977 60.1 60.3 60.3 60.4 57.4
1978 63.2 63.7 64.2 64.6 60.1
1979 64.0 64.3 64.3 64.4 64.4
1980 61.6 62.3 63.4 63.7 64.6
1981 63.9 63.4 62.7 62.1 63.3
1982 59.5 59.0 58.7 58.2 61.5
1983 63.6 64.2 64.3 64.7 59.3
1984 67.7 67.7 68.0 68.0 66.3
1985 68.4 68.1 68.3 69.0 68.1
1986 68.8 69.1 69.4 70.0 68.9
1987 73.1 74.2 74.6 74.9 70.4
1988 76.2 76.6 76.8 77.1 75.2
1989 76.3 76.3 76.5 77.0 77.1
1990 78.1 77.5 76.6 76.1 77.1
1991 77.3 77.1 77.0 76.8 75.3
1992 78.7 79.3 79.6 79.6 76.9
1993 81.2 81.7 82.1 82.6 80.3
1994 86.1 86.8 87.4 88.3 83.2
1995 90.3 90.2 90.4 90.9 88.6
1996 94.5 94.6 95.5 96.2 90.8
1997 101.7 102.5 103.2 103.6 97.4
1998 106.7 107.5 107.3 107.5 104.3
1999 111.0 112.3 112.8 113.9 108.6
2000 115.9 115.4 115.2 115.0 114.3
2001 110.1 109.7 109.2 109.2 113.2
2002 111.6 111.1 111.2 110.7 110.0
2003 111.3 111.6 112.7 112.9 110.8
2004 115.7 116.6 116.8 117.8 113.9
Quarter
Annual
Year 2 3 4 avg. (1)
Industrial production
(percent change)
1972 7.9 5.7 14.6 9.6
1973 3.2 3.7 5.8 8.2
1974 .4 -1.7 -14.9 -.4
1975 -5.5 10.7 8.8 -8.9
1976 5.2 5.1 7.8 7.8
1977 12.5 5.1 3.2 7.7
1978 16.3 3.6 7.7 5.5
1979 -.5 -1.5 1.4 3.0
1980 -15.9 -6.2 15.9 -2.6
1981 1.4 4.2 -8.6 1.3
1982 -5.0 -6.0 -7.6 -5.1
1983 9.4 14.8 10.9 2.6
1984 6.2 2.9 .5 9.0
1985 .5 -.7 2.6 1.3
1986 -2.6 1.6 4.6 1.0
1987 7.0 7.0 9.8 5.1
1988 3.3 2.1 3.2 5.0
1989 -1.9 -2.5 2.0 .9
1990 2.9 1.3 -5.9 .9
1991 2.6 5.6 .9 -1.5
1992 7.1 2.7 3.9 2.8
1993 1.1 2.2 6.3 3.3
1994 7.5 5.2 8.1 5.4
1995 1.0 3.8 3.7 4.8
1996 8.3 5.5 6.4 4.3
1997 5.7 8.6 9.5 7.3
1998 4.3 3.4 4.5 5.8
1999 4.3 4.7 7.4 4.5
2000 6.7 -1.4 -2.0 4.3
2001 -4.6 -4.7 -4.2 -3.6
2002 4.4 1.7 -2.3 -.3
2003 -4.0 4.1 5.7 .0
2004 4.3 2.7 4.1 4.1
Industrial production
(1997 = 100)
1972 51.4 52.1 53.9 51.9
1973 55.8 56.3 57.1 56.2
1974 56.7 56.4 54.2 56.0
1975 49.9 51.2 52.3 51.0
1976 54.5 55.2 56.3 55.0
1977 59.1 59.9 60.3 59.2
1978 62.4 63.0 64.1 62.4
1979 64.3 64.1 64.3 64.3
1980 61.8 60.9 63.1 62.6
1981 63.5 64.2 62.7 63.4
1982 60.7 59.8 58.6 60.2
1983 60.6 62.8 64.4 61.8
1984 67.3 67.8 67.9 67.3
1985 68.2 68.1 68.5 68.2
1986 68.4 68.7 69.5 68.9
1987 71.6 72.9 74.6 72.4
1988 75.8 76.2 76.8 76.0
1989 76.7 76.3 76.6 76.7
1990 77.7 77.9 76.7 77.4
1991 75.7 76.8 77.0 76.2
1992 78.2 78.8 79.5 78.4
1993 80.5 80.9 82.2 80.9
1994 84.7 85.8 87.5 85.3
1995 88.8 89.7 90.5 89.4
1996 92.7 93.9 95.4 93.2
1997 98.7 100.8 103.1 100.0
1998 105.4 106.3 107.4 105.8
1999 109.8 111.0 113.0 110.6
2000 116.2 115.8 115.2 115.4
2001 111.9 110.6 109.4 111.3
2002 111.2 111.6 111.0 111.0
2003 109.7 110.8 112.4 110.9
2004 115.1 115.9 117.1 115.5
NOTE. Monthly percent change figures show the change 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 1997.
Estimates from October 2004 through December 2004 are subject to
further revision in the upcoming monthly releases.
(1.) Annual averages of industrial production are calculated
from not seasonally adjusted indexes.
A.2. Revised data for capacity and utilization for total industry
Seasonally adjusted data
Year Jan. Feb. Mar. Apr. May June July Aug.
Capacity (percent of 1997 output)
1972 60.7 60.8 60.9 61.1 61.2 61.4 61.5 61.7
1973 62.6 62.7 62.9 63.1 63.3 63.6 63.8 64.0
1974 65.0 65.2 65.4 65.5 65.7 65.9 66.0 66.2
1975 66.9 67.0 67.1 67.3 67.4 67.5 67.6 67.7
1976 68.4 68.5 68.7 68.8 69.0 69.1 69.2 69.4
1977 70.2 70.3 70.5 70.7 70.8 71.0 71.2 71.4
1978 72.4 72.6 72.8 73.0 73.2 73.4 73.6 73.8
1979 74.7 74.9 75.1 75.2 75.4 75.6 75.7 75.9
1980 76.6 76.8 76.9 77.1 77.2 77.4 77.5 77.6
1981 78.4 78.6 78.8 78.9 79.1 79.3 79.5 79.7
1982 80.7 80.8 81.0 81.2 81.4 81.5 81.7 81.8
1983 82.3 82.4 82.5 82.5 82.6 82.6 82.6 82.7
1984 83.0 83.1 83.2 83.3 83.5 83.6 83.7 83.9
1985 84.8 84.9 85.1 85.3 85.5 85.7 85.9 86.0
1986 86.8 86.9 87.0 87.1 87.2 87.4 87.5 87.6
1987 88.2 88.3 88.5 88.6 88.8 89.0 89.1 89.2
1988 89.8 89.9 89.9 90.0 90.1 90.1 90.2 90.3
1989 90.8 90.9 91.0 91.2 91.4 91.6 91.7 91.9
1990 92.9 93.1 93.3 93.5 93.7 93.9 94.0 94.2
1991 94.9 95.1 95.2 95.3 95.5 95.6 95.7 95.9
1992 96.5 96.7 96.9 97.1 97.3 97.5 97.7 97.9
1993 98.7 98.9 99.0 99.2 99.3 99.5 99.6 99.8
1994 100.7 100.9 101.1 101.4 101.7 102.0 102.3 102.6
1995 104.4 104.8 105.2 105.7 106.1 106.5 107.0 107.5
1996 109.9 110.4 111.0 111.5 112.0 112.5 113.0 113.5
1997 116.1 116.6 117.2 117.7 118.3 118.9 119.6 120.2
1998 123.9 124.6 125.4 126.1 126.8 127.6 128.2 128.9
1999 131.7 132.3 132.8 133.3 133.8 134.4 134.9 135.4
2000 138.0 138.5 139.0 139.5 140.0 140.5 141.0 141.4
2001 143.6 143.9 144.3 144.6 145.0 145.3 145.6 145.9
2002 147.0 147.2 147.3 147.4 147.5 147.5 147.5 147.5
2003 147.1 147.0 146.9 146.9 146.8 146.8 146.7 146.8
2004 147.2 147.3 147.5 147.6 147.8 147.9 148.1 148.2
Utilization (percent)
1972 82.4 82.9 83.4 84.0 83.8 83.9 83.7 84.6
1973 87.7 88.7 88.4 88.0 88.3 88.1 88.2 87.8
1974 87.3 86.8 86.5 86.1 86.4 86.1 85.9 84.9
1975 77.2 75.1 74.2 74.1 73.9 74.2 74.9 75.5
1976 78.2 78.8 78.6 79.1 79.2 79.0 79.3 79.7
1977 80.7 81.7 82.5 83.0 83.5 83.8 83.8 83.7
1978 82.2 82.4 83.7 85.1 85.2 85.5 85.2 85.3
1979 85.8 86.1 86.2 85.1 85.5 85.3 85.0 84.2
1980 84.3 84.2 83.8 81.9 79.7 78.6 77.9 78.0
1981 80.8 80.3 80.5 80.0 80.3 80.5 80.9 80.7
1982 75.5 76.8 76.0 75.2 74.6 74.1 73.7 73.0
1983 72.1 71.6 72.1 73.0 73.5 73.9 75.0 75.8
1984 79.5 79.8 80.1 80.4 80.7 80.9 81.0 80.9
1985 80.0 80.2 80.2 79.9 79.7 79.6 78.9 79.1
1986 80.0 79.2 78.6 78.5 78.6 78.2 78.6 78.4
1987 79.1 80.0 80.0 80.3 80.7 81.0 81.3 81.8
1988 83.5 83.7 83.9 84.2 84.1 84.2 84.3 84.7
1989 85.1 84.6 84.7 84.5 83.8 83.6 82.7 83.3
1990 82.4 83.0 83.2 83.0 82.9 83.0 82.7 82.7
1991 79.7 79.1 78.6 78.6 79.4 80.0 79.9 79.9
1992 79.1 79.5 80.0 80.4 80.6 80.4 80.8 80.3
1993 81.1 81.3 81.1 81.3 80.9 80.9 81.1 81.0
1994 82.4 82.2 82.8 83.0 83.3 83.6 83.6 83.7
1995 84.8 84.5 84.3 83.9 83.7 83.6 82.9 83.7
1996 81.9 82.7 82.1 82.5 82.7 83.1 82.6 82.8
1997 83.1 83.7 83.7 83.5 83.4 83.4 83.5 83.8
1998 84.0 83.6 83.3 83.4 83.3 82.5 81.9 83.1
1999 82.1 82.1 82.1 81.9 82.2 81.9 82.1 82.3
2000 82.5 82.5 82.7 82.9 83.2 82.9 82.2 81.7
2001 79.3 78.6 78.1 77.8 77.2 76.6 76.1 75.9
2002 74.8 74.6 74.9 75.1 75.3 75.8 75.7 75.7
2003 75.4 75.5 75.2 74.6 74.7 74.9 75.4 75.3
2004 76.9 77.7 77.4 77.7 78.2 77.8 78.3 78.3
Quarter
Year Sept. Oct. Nov. Dec. 1
Capacity (percent of 1997 output)
1972 61.8 62.0 62.2 62.4 60.8
1973 64.2 64.4 64.6 64.8 62.7
1974 66.4 66.5 66.6 66.8 65.2
1975 67.9 68.0 68.1 68.2 67.0
1976 69.5 69.7 69.9 70.0 68.5
1977 71.6 71.8 72.0 72.2 70.3
1978 74.0 74.2 74.4 74.6 72.6
1979 76.1 76.2 76.4 76.5 74.9
1980 77.8 77.9 78.1 78.3 76.8
1981 79.9 80.1 80.3 80.5 78.6
1982 82.0 82.1 82.2 82.3 80.8
1983 82.7 82.8 82.9 82.9 82.4
1984 84.1 84.2 84.4 84.6 83.1
1985 86.2 86.4 86.5 86.7 84.9
1986 87.7 87.8 87.9 88.1 86.9
1987 89.4 89.5 89.6 89.7 88.3
1988 90.3 90.4 90.5 90.6 89.9
1989 92.1 92.3 92.5 92.7 90.9
1990 94.4 94.5 94.7 94.8 93.1
1991 96.0 96.1 96.3 96.4 95.1
1992 98.0 98.2 98.4 98.6 96.7
1993 99.9 100.1 100.3 100.5 98.9
1994 102.9 103.3 103.6 104.0 100.9
1995 108.0 108.4 108.9 109.4 104.8
1996 114.0 114.5 115.0 115.5 110.5
1997 120.9 121.7 122.4 123.1 116.6
1998 129.5 130.1 130.6 131.2 124.6
1999 135.9 136.4 136.9 137.4 132.3
2000 141.9 142.3 142.8 143.2 138.5
2001 146.1 146.4 146.6 146.8 143.9
2002 147.4 147.4 147.3 147.2 147.2
2003 146.8 146.9 146.9 147.0 147.0
2004 148.4 148.5 148.7 148.8 147.3
Utilization (percent)
1972 85.0 85.9 86.6 87.4 82.9
1973 88.3 88.5 88.7 88.2 88.3
1974 84.8 84.3 81.4 78.3 86.8
1975 76.3 76.4 76.5 77.3 75.5
1976 79.7 79.6 80.7 81.3 78.6
1977 83.9 83.9 83.8 83.6 81.6
1978 85.3 85.9 86.3 86.6 82.7
1979 84.2 84.4 84.2 84.1 86.0
1980 79.2 80.0 81.1 81.4 84.1
1981 80.0 79.2 78.2 77.2 80.5
1982 72.6 71.9 71.5 70.8 76.1
1983 76.9 77.5 77.7 78.0 71.9
1984 80.6 80.4 80.5 80.4 79.8
1985 79.3 78.9 79.0 79.7 80.1
1986 78.4 78.7 78.9 79.5 79.3
1987 81.8 82.9 83.3 83.5 79.7
1988 84.4 84.8 84.8 85.1 83.7
1989 82.9 82.7 82.7 83.1 84.8
1990 82.8 82.0 80.9 80.2 82.9
1991 80.5 80.2 80.0 79.6 79.2
1992 80.3 80.7 80.9 80.8 79.5
1993 81.2 81.7 81.9 82.2 81.2
1994 83.6 84.1 84.3 84.9 82.5
1995 83.7 83.2 83.0 83.0 84.5
1996 82.9 82.6 83.0 83.2 82.2
1997 84.1 84.3 84.3 84.1 83.5
1998 82.4 82.7 82.1 82.0 83.7
1999 81.7 82.3 82.4 82.9 82.1
2000 81.7 81.1 80.7 80.3 82.6
2001 75.4 75.0 74.5 74.4 78.7
2002 75.7 75.4 75.5 75.2 74.7
2003 75.8 76.0 76.7 76.8 75.4
2004 78.0 78.5 78.6 79.2 77.3
Quarter
Annual
Year 2 3 4 avg.
Capacity (percent of
1997 output)
1972 61.2 61.7 62.2 61.5
1973 63.3 64.0 64.6 63.7
1974 65.7 66.2 66.6 65.9
1975 67.4 67.7 68.1 67.6
1976 69.0 69.4 69.9 69.2
1977 70.8 71.4 72.0 71.2
1978 73.2 73.8 74.4 73.5
1979 75.4 75.9 76.4 75.6
1980 77.2 77.6 78.1 77.4
1981 79.1 79.7 80.3 79.4
1982 81.4 81.8 82.2 81.6
1983 82.6 82.7 82.9 82.6
1984 83.5 83.9 84.4 83.7
1985 85.5 86.0 86.5 85.7
1986 87.2 87.6 87.9 87.4
1987 88.8 89.2 89.6 89.0
1988 90.1 90.3 90.5 90.2
1989 91.4 91.9 92.5 91.7
1990 93.7 94.2 94.7 93.9
1991 95.5 95.9 96.3 95.7
1992 97.3 97.9 98.4 97.6
1993 99.3 99.8 100.3 99.6
1994 101.7 102.6 103.6 102.2
1995 106.1 107.5 108.9 106.8
1996 112.0 113.5 115.0 112.7
1997 118.3 120.3 122.4 119.4
1998 126.8 128.8 130.6 127.7
1999 133.8 135.4 136.9 134.6
2000 140.0 141.4 142.7 140.7
2001 145.0 145.9 146.6 145.3
2002 147.5 147.5 147.3 147.4
2003 146.8 146.8 146.9 146.9
2004 147.8 148.2 148.7 148.0
Utilization (percent)
1972 83.9 84.4 86.7 84.5
1973 88.1 88.1 88.5 88.2
1974 86.2 85.2 81.3 84.9
1975 74.0 75.5 76.7 75.5
1976 79.1 79.6 80.5 79.4
1977 83.4 83.8 83.8 83.2
1978 85.2 85.3 86.3 84.9
1979 85.3 84.5 84.2 85.0
1980 80.1 78.4 80.8 80.9
1981 80.3 80.5 78.2 79.9
1982 74.6 73.1 71.4 73.8
1983 73.4 75.9 77.7 74.7
1984 80.7 80.8 80.4 80.4
1985 79.7 79.1 79.2 79.5
1986 78.5 78.5 79.0 78.8
1987 80.7 81.6 83.2 81.3
1988 84.2 84.5 84.9 84.3
1989 84.0 82.9 82.8 83.6
1990 82.9 82.7 81.1 82.4
1991 79.4 80.1 79.9 79.6
1992 80.4 80.5 80.8 80.3
1993 81.0 81.1 81.9 81.3
1994 83.3 83.6 84.4 83.5
1995 83.7 83.4 83.0 83.7
1996 82.8 82.8 82.9 82.7
1997 83.4 83.8 84.2 83.7
1998 83.1 82.5 82.3 82.9
1999 82.0 82.0 82.5 82.2
2000 83.0 81.9 80.7 82.0
2001 77.2 75.8 74.6 76.6
2002 75.4 75.7 75.4 75.3
2003 74.7 75.5 76.5 75.5
2004 77.9 78.2 78.8 78.0
NOTE. See also general note to table A.1.
A.3. Rates of change in industrial production, by market and
industry group, 2000-2004 (1)
Revised rate of change
(percent)
NAICS
Item code (2) 2000 2001 2002
Total industry ... 1.9 -5.1 1.5
MARKET GROUP
Final products and
nonindustrial supplies ... 2.0 -4.7 .6
Consumer goods ... .9 -1.5 1.6
Durable ... -2.1 -1.3 6.4
Automotive products ... -4.5 2.3 10.1
Home electronics ... 13.7 5.8 -4.0
Appliances, furniture,
carpeting ... -.9 -3.4 1.8
Miscellaneous goods ... -1.5 -6.6 4.3
Nondurable ... 2.0 -1.6 -.2
Non-energy ... .8 -.8 -2.3
Foods and tobacco ... 1.2 -1.2 -3.6
Clothing ... -7.7 -20.8 -9.7
Chemical products ... 3.8 7.0 .9
Paper products ... -2.0 -2.7 -.8
Energy ... 7.9 -5.2 10.1
Business equipment ... 6.2 -13.3 -2.6
Transit ... -11.7 -3.5 -12.6
Information processing ... 19.8 -17.4 -3.7
Industrial and other ... 3.6 -13.7 2.1
Defense and space equipment ... -4.3 8.0 3.8
Construction supplies ... -1.1 -5.0 .1
Business supplies ... 2.3 -5.5 1.4
Materials ... 1.9 -5.6 2.8
Non-energy ... 1.8 -6.5 3.5
Durable ... 4.9 -7.2 4.6
Consumer parts ... -8.5 -7.9 7.1
Equipment parts ... 22.2 -7.9 6.2
Other ... -4.3 -6.2 1.9
Nondurable ... -3.9 -5.2 1.7
Textile ... -10.2 -9.5 2.0
Paper ... -4.1 -6.3 2.1
Chemical ... -4.4 -4.6 2.1
Energy ... 1.9 -2.8 .4
INDUSTRY GROUP
Manufacturing (4) ... 1.5 -5.4 1.3
Manufacturing (NAICS) 31-33 1.7 -5.3 1.6
Durable manufacturing ... 4.1 -7.2 3.2
Wood products 321 -6.9 -1.6 .0
Nonmetallic mineral
products 327 -3.4 -2.5 .3
Primary metal 331 -10.2 -8.7 7.1
Fabricated metal
products 332 .0 -8.6 -.2
Machinery 333 1.8 -16.7 1.3
Computer and electronic
products 334 29.0 -9.0 5.6
Electrical equipment,
appliances, and
components 335 2.5 -14.7 -5.2
Motor vehicles and parts 3361-3 -9.7 -2.1 11.3
Aerospace and
miscellaneous trans-
portation equipment 3364-9 -4.8 4.7 -7.5
Furniture and related
products 337 -.7 -6.3 4.2
Miscellaneous 339 2.9 -1.5 7.4
Nondurable manufacturing ... -1.5 -2.9 -.4
Food, beverage, and
tobacco products 311,2 1.0 -.8 -2.9
Textile and product
mills 313,4 -6.7 -9.5 .4
Apparel and leather 315,6 -7.5 -21.0 -9.3
Paper 322 -4.7 -5.7 4.1
Printing and support 323 -1.3 -8.1 -3.2
Petroleum and coal
products 324 -1.1 .8 4.1
Chemical 325 -.6 .2 1.0
Plastics and rubber
products 326 -4.0 -4.4 2.4
Other manufacturing (non-
NAICS) 11,335,111 -1.9 -6.3 -3.9
Mining 21 1.3 -.6 -3.8
Utilities 2211,2 6.1 -5.1 7.1
Electric 2211 4.9 -3.7 5.7
Natural gas 2212 13.2 -12.8 15.4
Difference
between rates
Revised rate of change:
of change revised minus
(percent) earlier
(percentage
points)
Item 2003 2004 2000 2001
Total industry 1.2 4.2 -.4 .2
MARKET GROUP
Final products and
nonindustrial supplies 1.7 4.5 -.4 .3
Consumer goods 1.3 2.7 -.1 .7
Durable 3.3 1.6 -.2 1.6
Automotive products 5.2 1.3 .5 1.2
Home electronics 34.8 -7.7 -2.0 16.1
Appliances, furniture,
carpeting 1.4 2.8 -.3 -1.4
Miscellaneous goods -3.5 3.0 -1.2 1.5
Nondurable .4 3.1 .0 .3
Non-energy .8 3.9 -.2 .3
Foods and tobacco 2.4 4.1 .5 -.6
Clothing -14.9 -4.8 -2.2 -5.6
Chemical products .6 3.6 -.6 4.0
Paper products .6 6.3 -.9 .6
Energy -1.4 -.3 .8 .6
Business equipment 4.7 9.9 -.6 -.5
Transit .2 11.6 -.5 2.5
Information processing 16.3 10.1 .6 -4.6
Industrial and other -.5 9.3 -1.3 1.4
Defense and space equipment 5.3 6.9 -1.3 -4.4
Construction supplies .6 4.3 -.9 1.5
Business supplies .0 4.3 -.6 .1
Materials .5 3.7 -.4 .1
Non-energy .8 5.3 -.6 .1
Durable 2.2 6.9 -.7 -.1
Consumer parts 2.7 2.1 -1.4 -.8
Equipment parts 5.8 15.7 -.8 -.5
Other -.9 2.7 -.4 .6
Nondurable -1.3 2.6 -.2 .4
Textile -13.0 -5.1 -.4 2.2
Paper -4.3 3.2 .6 -.2
Chemical 2.0 4.2 -.5 .5
Energy -.3 -.4 .2 .0
INDUSTRY GROUP
Manufacturing (4) 1.5 5.0 -.5 .2
Manufacturing (NAICS) 1.6 5.0 -.5 .2
Durable manufacturing 3.3 6.7 -.7 .1
Wood products 3.2 .5 -.4 .6
Nonmetallic mineral
products 1.7 4.3 -1.8 3.1
Primary metal .6 4.8 -1.0 2.0
Fabricated metal
products -2.9 3.2 .0 -.2
Machinery .6 12.2 -.6 .3
Computer and electronic
products 14.5 14.9 -.4 -1.4
Electrical equipment,
appliances, and
components 1.1 4.7 .2 -1.9
Motor vehicles and parts 4.8 2.5 -.6 .7
Aerospace and
miscellaneous trans-
portation equipment .8 5.8 -.9 -.2
Furniture and related
products -1.8 2.0 -1.3 1.2
Miscellaneous -2.2 4.5 -3.2 1.3
Nondurable manufacturing -.4 2.9 -.1 .3
Food, beverage, and
tobacco products 2.1 3.6 .5 -.4
Textile and product
mills -8.5 -2.5 -.3 .7
Apparel and leather -14.3 -4.3 -2.1 -5.6
Paper -3.3 3.7 .1 .3
Printing and support -3.5 .8 .0 -1.4
Petroleum and coal
products 1.2 3.9 .6 3.3
Chemical 1.2 3.7 -.4 1.5
Plastics and rubber
products -2.2 1.6 -.8 1.3
Other manufacturing (non-
NAICS) .3 4.6 -.4 .0
Mining .2 -1.5 .3 .4
Utilities -.6 2.3 .0 .1
Electric .5 3.5 .0 .0
Natural gas -6.2 -3.6 .3 .0
Difference between rates
of change: revised minus
earlier
(percentage points)
Item 2002 2003 2004 (3)
Total industry .1 -.3 -.7
MARKET GROUP
Final products and
nonindustrial supplies .1 .5 -.7
Consumer goods .6 .8 -.6
Durable .4 .3 -.7
Automotive products .2 .3 -2.3
Home electronics -8.4 9.8 -2.2
Appliances, furniture,
carpeting .0 .4 2.6
Miscellaneous goods 1.9 -1.3 .8
Nondurable .5 .8 -.5
Non-energy .5 .8 -.8
Foods and tobacco .2 4.0 1.3
Clothing -7.3 -1.7 -2.6
Chemical products 2.7 -2.9 -3.0
Paper products .1 -4.9 -4.3
Energy 1.3 .6 .4
Business equipment -1.2 1.9 -1.3
Transit 2.5 3.5 2.4
Information processing -9.2 7.9 -4.0
Industrial and other 3.0 -1.8 -.8
Defense and space equipment .2 .7 -.4
Construction supplies -.4 -.5 1.5
Business supplies .1 -1.4 -2.1
Materials .2 -1.4 -.7
Non-energy .5 -1.6 -.9
Durable .3 -2.0 -.9
Consumer parts .4 .7 .1
Equipment parts .3 -5.9 .1
Other .4 -.4 -1.6
Nondurable .8 -.8 -.8
Textile 3.0 -2.7 1.5
Paper .6 .2 -1.0
Chemical .4 -.7 -.9
Energy -.6 -.8 -.1
INDUSTRY GROUP
Manufacturing (4) .2 -.3 -.9
Manufacturing (NAICS) .3 -.1 -.7
Durable manufacturing .2 -.4 -.8
Wood products 1.8 -.6 -1.1
Nonmetallic mineral
products -1.8 .5 3.9
Primary metal 3.6 1.2 -2.8
Fabricated metal
products -.1 -1.1 -1.0
Machinery 2.2 -2.2 -.6
Computer and electronic
products -5.2 -1.2 -.9
Electrical equipment,
appliances, and
components -3.0 .0 -.7
Motor vehicles and parts 1.4 1.0 -.9
Aerospace and
miscellaneous trans-
portation equipment 2.3 .3 -.4
Furniture and related
products 4.6 .9 -.7
Miscellaneous 3.8 -1.0 -.9
Nondurable manufacturing .5 .3 -.6
Food, beverage, and
tobacco products .7 3.3 .7
Textile and product
mills 1.7 -1.6 1.6
Apparel and leather -7.3 -1.9 -2.6
Paper 1.2 -.6 .1
Printing and support -1.5 2.0 -3.9
Petroleum and coal
products 2.9 -1.3 3.4
Chemical 1.1 -1.8 -2.6
Plastics and rubber
products .2 -1.8 -.8
Other manufacturing (non-
NAICS) -1.7 -4.0 -3.6
Mining -1.5 -.1 .6
Utilities .5 .0 .0
Electric .2 -.1 .4
Natural gas 2.0 -.3 -1.9
NOTE. Estimates for the fourth quarter of 2004 are subject
to further revision in the upcoming monthly releases.
(1.) 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 in the column heading.
(2.) North American Industry Classification System.
(3.) For 2004, the calculation of "revised minus earlier" is based
on annualized rates of change from the fourth quarter of 2003 to
the third quarter of 2004.
(4.) Manufacturing comprises those industries included in the
NAICS definition of manufacturing plus those industries--newspaper,
periodical, book, and directory publishing and logging--that have
traditionally been considered to be a part of manufacturing and
are included in the industrial sector.
... Not applicable.
A.4. Rates of change in industrial production, special
aggregates and selected detail, 2000-2004 (1)
Revised rate of change
(percent)
NAICS
Item code (2) 2000 2001 2002
Total industry ... 1.9 -5.1 1.5
Energy ... 4.3 -3.3 2.9
Consumer products ... 7.9 -5.2 10.1
Commercial products ... 6.2 -1.3 4.7
Oil and gas well drilling ... 34.8 -8.1 -15.5
Converted fuel ... 5.5 -8.1 4.0
Primary materials ... .0 .0 -1.5
Non-energy ... 1.5 -5.4 1.2
Selected high-technology
industries ... 37.6 -10.1 8.1
Computers and peripheral
equipment 3341 18.6 -3.6 .9
Communications equipment 3342 28.6 -30.3 -14.3
Semiconductors and related
electronic components 334412-9 51.2 1.7 25.2
Excluding selected high-
technology industries ... -2.0 -5.0 .7
Motor vehicles and parts 3361-3 -9.7 -2.1 11.3
Motor vehicles 3361 -11.8 2.5 11.1
Motor vehicle parts 3363 -7.1 -5.0 10.8
Excluding motor vehicles
and parts ... -1.2 -5.2 -.4
Consumer goods ... .4 -1.7 -1.2
Business equipment ... 2.9 -10.0 -2.2
Construction supplies ... -1.4 -4.8 .2
Business supplies ... -1.5 -6.4 -.2
Materials ... -3.2 -7.2 .7
Measures excluding selected
high-technology industries
Total industry ... -1.0 -4.6 1.0
Manufacturing (4) ... -1.9 -4.9 .7
Durable ... -2.3 -6.5 2.3
Measures excluding motor
vehicles and parts
Total industry ... 2.8 -5.2 .8
Manufacturing (4) ... 2.5 -5.6 .4
Durable ... 6.5 -7.9 1.6
Measures excluding selected
high-technology industries
and motor vehicles and parts
Total industry ... -.2 -4.8 .3
Manufacturing (4) ... -1.2 -5.2 -.3
Measures of non-energy
material inputs to
Finished processors ... 7.4 -7.7 5.5
Primary and semifinished
processors ... -3.7 -5.3 1.7
Stage-of-process groups
Crude ... -2.8 -2.9 -1.0
Primary and semifinished ... 2.3 -5.9 3.4
Finished ... 2.7 -4.4 -.4
Difference
between rates
Revised of change:
rate of revised minus
change earlier
(percent) (percentage
points)
Item 2003 2004 2000 2001
Total industry 1.2 4.2 -.4 .2
Energy -.3 .6 .4 .3
Consumer products -1.4 -.3 .8 .6
Commercial products .1 5.4 .2 .3
Oil and gas well drilling 21.0 8.6 5.5 2.8
Converted fuel .0 1.7 .1 -.2
Primary materials -.4 -1.4 .3 .2
Non-energy 1.5 5.0 -.5 .2
Selected high-technology
industries 18.7 18.6 -.6 -1.6
Computers and peripheral
equipment 21.8 7.6 -.6 2.1
Communications equipment 22.5 9.6 1.0 -7.5
Semiconductors and related
electronic components 16.2 29.2 -1.6 .9
Excluding selected high-
technology industries .4 4.1 -.5 .3
Motor vehicles and parts 4.8 2.5 -.6 .7
Motor vehicles 6.7 2.2 .3 .9
Motor vehicle parts 2.7 1.3 -1.4 .3
Excluding motor vehicles
and parts .0 4.3 -.5 .3
Consumer goods .7 3.5 -.3 .3
Business equipment .1 9.4 -.9 1.4
Construction supplies .6 4.2 -.9 1.6
Business supplies -.9 3.1 -.8 .1
Materials -.9 3.8 -.3 .0
Measures excluding selected
high-technology industries
Total industry .3 3.5 -.4 .3
Manufacturing (4) .4 4.1 -.5 .3
Durable 1.2 5.1 -.7 .4
Measures excluding motor
vehicles and parts
Total industry .9 4.3 -.4 .2
Manufacturing (4) 1.2 5.2 -.5 .2
Durable 2.9 7.5 -.8 .0
Measures excluding selected
high-technology industries
and motor vehicles and parts
Total industry -.1 3.6 -.3 .3
Manufacturing (4) .0 4.3 -.4 .3
Measures of non-energy
material inputs to
Finished processors 1.9 8.2 -.7 -.3
Primary and semifinished
processors .0 2.9 -.4 .5
Stage-of-process groups
Crude -1.4 .3 .0 -.1
Primary and semifinished .3 4.2 -.4 .4
Finished 3.3 5.3 -.4 .0
Difference
between rates
of change:
revised minus
earlier
(percentage
points)
2004
Item 2002 2003 (3)
Total industry .1 -.3 -.7
Energy .0 -.3 .1
Consumer products 1.3 .6 .4
Commercial products 1.2 -1.3 -.8
Oil and gas well drilling -.7 17.0 12.9
Converted fuel .3 -1.0 .2
Primary materials -1.0 -.7 -.4
Non-energy .2 -.3 -.9
Selected high-technology
industries -7.2 -2.6 -1.5
Computers and peripheral
equipment -23.0 7.7 -15.1
Communications equipment -8.8 16.7 -.1
Semiconductors and related
electronic components .3 -18.2 6.0
Excluding selected high-
technology industries .7 -.2 -.9
Motor vehicles and parts 1.4 1.0 -.9
Motor vehicles -.5 3.0 -.4
Motor vehicle parts 3.0 -.3 -1.0
Excluding motor vehicles
and parts .6 -.3 -.8
Consumer goods .7 .5 -.4
Business equipment 2.4 -.9 -.8
Construction supplies -.2 -.5 1.4
Business supplies -.2 -1.1 -2.7
Materials .4 -.6 -1.0
Measures excluding selected
high-technology industries
Total industry .6 -.2 -.6
Manufacturing (4) .8 -.2 -.9
Durable 1.3 -.1 -.7
Measures excluding motor
vehicles and parts
Total industry .0 -.4 -.6
Manufacturing (4) .1 -.5 -.8
Durable -.1 -.7 -.7
Measures excluding selected
high-technology industries
and motor vehicles and parts
Total industry .5 -.3 -.6
Manufacturing (4) .6 -.3 -.8
Measures of non-energy
material inputs to
Finished processors .5 -2.7 -.4
Primary and semifinished
processors .5 -.7 -1.3
Stage-of-process groups
Crude -.2 -.7 -.4
Primary and semifinished .4 -1.5 -.6
Finished -.1 1.5 -.8
NOTE. Estimates for the fourth quarter of 2004 are subject to
further revision in the upcoming monthly releases.
(1.) 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 in
the column heading.
(2.) North American Industry Classification System.
(3.) For 2004, the calculation of "revised minus earlier" is
based on annualized rates of change from the fourth quarter
of 2003 to the third quarter of 2004.
(4.) See footnote 4 to table A.3.
... Not applicable.
A.5. Capacity utilization rates, by industry group, 1972-2004 (1)
Revised rate
(percent of capacity,
seasonally adjusted)
1972- 1988- 1990-
NAICS 2003 89 91
Item code (2) avg. high low
Total industry 81.1 85.1 78.6
Manufacturing (4) ... 79.9 85.6 77.2
Manufacturing (NAICS) 31-33 79.7 85.5 77.0
Durable manufacturing ... 78.1 84.5 73.4
Wood products 321 80.1 88.9 73.1
Nonmetallic mineral products 327 79.2 84.9 72.0
Primary metal 331 80.5 94.3 74.6
Fabricated metal products 332 76.9 80.2 71.6
Machinery 333 78.9 84.8 73.0
Computer and electronic
products 334 79.0 81.7 76.6
Electrical equipment,
appliances, and components 335 82.8 87.5 75.1
Motor vehicles and parts 3361-3 77.6 90.3 56.0
Aerospace and miscellaneous
transportation equipment 3364-9 72.7 88.7 82.1
Furniture and related
products 337 78.8 83.6 69.4
Miscellaneous 339 76.5 81.7 77.7
Nondurable manufacturing ... 81.9 87.1 81.7
Food, beverage, and tobacco
products 311,2 81.9 85.6 81.0
Textile and product mills 313,4 83.4 91.5 77.2
Apparel and leather 315,6 79.6 84.2 77.3
Paper 322 88.2 93.7 85.2
Printing and support 323 84.1 91.6 82.7
Petroleum and coal products 324 86.0 88.9 82.9
Chemical 325 78.5 85.7 80.9
Plastics and rubber products 326 83.7 91.1 77.1
Other manufacturing (non-NAICS) 1133,5111 84.8 90.5 80.4
Mining 21 87.1 85.8 83.5
Utilities 2211,2 86.9 92.8 84.2
Selected high-technology
industries ... 78.6 81.0 74.3
Computers and peripheral
equipment 3341 78.6 80.2 67.5
Communications equipment 3342 76.6 80.8 73.4
Semiconductors and related
electronic components 334412-9 81.2 82.8 77.5
Measures excluding selected
high-technology industries
Total industry ... 81.2 85.5 78.8
Manufacturing (4) ... 80.0 86.0 77.3
Stage-of-process groups
Crude ... 86.4 88.9 84.8
Primary and semifinished ... 82.2 86.5 77.5
Finished ... 78.0 83.1 77.2
Revised rate
(percent of capacity,
seasonally adjusted)
2002: 2003: 2004:
Item Q4 Q4 Q4
Total industry 75.4 76.5 78.8
Manufacturing (4) 73.5 74.8 77.6
Manufacturing (NAICS) 73.2 74.3 77.1
Durable manufacturing 70.7 72.1 75.2
Wood products 74.4 77.4 78.2
Nonmetallic mineral products 76.8 78.0 80.7
Primary metal 78.6 79.3 83.8
Fabricated metal products 69.4 67.7 70.0
Machinery 67.9 69.9 78.6
Computer and electronic
products 62.7 67.7 71.0
Electrical equipment,
appliances, and components 72.6 74.8 79.3
Motor vehicles and parts 80.9 81.9 82.2
Aerospace and miscellaneous
transportation equipment 63.2 63.2 66.4
Furniture and related
products 72.6 71.1 73.3
Miscellaneous 75.9 74.1 77.4
Nondurable manufacturing 76.6 77.3 79.7
Food, beverage, and tobacco
products 76.6 78.7 81.4
Textile and product mills 76.8 73.4 74.6
Apparel and leather 66.7 64.9 70.8
Paper 84.8 83.5 86.9
Printing and support 73.0 71.7 72.1
Petroleum and coal products 87.0 88.9 91.2
Chemical 73.5 74.1 76.2
Plastics and rubber products 81.1 81.2 83.4
Other manufacturing (non-NAICS) 80.7 83.3 87.0
Mining 85.4 87.1 86.1
Utilities 87.9 84.8 85.1
Selected high-technology
industries 60.9 66.7 69.7
Computers and peripheral
equipment 70.9 74.1 76.4
Communications equipment 42.8 52.8 58.8
Semiconductors and related
electronic components 69.8 74.8 75.2
Measures excluding selected
high-technology industries
Total industry 76.4 77.1 79.6
Manufacturing (4) 74.6 75.4 78.4
Stage-of-process groups
Crude 83.5 84.9 85.6
Primary and semifinished 78.0 78.4 80.1
Finished 70.8 72.4 75.9
Difference between rates:
revised minus earlier
(percentage points)
2002: 2003: 2004:
Item Q4 Q4 Q3 (3)
Total industry .2 1.0 .9
Manufacturing (4) .1 .6 .4
Manufacturing (NAICS) .0 .7 .7
Durable manufacturing .2 .7 1.0
Wood products .9 .8 .6
Nonmetallic mineral products -1.1 -.8 1.4
Primary metal 1.4 2.8 .7
Fabricated metal products -.3 -.4 -.1
Machinery 1.1 .6 .5
Computer and electronic
products -.4 .9 2.4
Electrical equipment,
appliances, and components -1.5 -.8 -.5
Motor vehicles and parts -.3 .1 .2
Aerospace and miscellaneous
transportation equipment -1.1 -1.5 -2.1
Furniture and related
products 1.5 1.9 2.2
Miscellaneous -.8 -1.6 -2.4
Nondurable manufacturing -.2 .5 .0
Food, beverage, and tobacco
products -.7 1.7 1.4
Textile and product mills 1.9 1.3 2.5
Apparel and leather -.4 .8 2.2
Paper -.1 -.1 -.3
Printing and support -1.3 .5 -2.8
Petroleum and coal products -1.1 -.2 1.2
Chemical .6 -.2 -1.1
Plastics and rubber products 1.5 .3 .1
Other manufacturing (non-NAICS) 1.8 -.1 -2.8
Mining .8 1.8 2.4
Utilities .7 1.7 1.7
Selected high-technology
industries -.9 -.3 1.8
Computers and peripheral
equipment -.7 .7 -.7
Communications equipment -5.4 2.1 2.7
Semiconductors and related
electronic components 3.2 -.7 4.3
Measures excluding selected
high-technology industries
Total industry .1 .6 .3
Manufacturing (4) .0 .2 -.2
Stage-of-process groups
Crude .4 1.1 1.2
Primary and semifinished .5 .8 .7
Finished -.3 .8 .6
NOTE. Estimates for the fourth quarter of 2004 are subject to further
revision in the upcoming monthly releases.
(1.) See footnote 1 to table A.3.
(2.) North American Industry Classification System.
(3.) See footnote 3 to table A.3.
(4.) See footnote 4 to table A.3.
... Not applicable.
A.6. Rates of change in capacity, by industry group, 2000-2004 (1)
Revised rate of change
(percent)
Industry group 2000 2001 2002 2003 2004
Total industry 4.3 2.7 .5 -.2 1.2
Manufacturing (2) 5.0 2.6 .0 -.1 1.1
Manufacturing (NAICS) 5.3 2.8 .2 .1 1.2
Durable 8.5 4.9 .7 1.3 2.2
Nondurable 1.0 .2 -.5 -1.3 -.2
Other manufacturing (non-NAICS) .7 -1.3 -2.5 -2.9 .1
Mining -1.0 2.0 -.6 -1.7 -.4
Utilities 3.2 3.9 4.6 3.0 1.9
Selected high-technology industries 38.8 27.4 8.0 8.4 13.4
Manufacturing except selected
high-technology industries (2) 1.7 .5 -.4 -.6 .1
Stage-of-process groups
Crude -.9 .9 -.8 -2.2 -.2
Primary and semifinished 5.1 3.0 .8 -.2 2.0
Finished 4.7 2.4 .3 .6 .3
Difference between rates of
change: revised minus earlier
(percentage points)
Industry group 2000 2001 2002 2003 2004
Total industry .2 .4 -1.2 -1.3 -.4
Manufacturing (2) .1 .4 -1.1 -1.1 -.5
Manufacturing (NAICS) .1 .4 -1.1 -1.0 -.6
Durable .2 .2 -2.0 -1.2 -1.4
Nondurable .1 .6 -.1 -.6 .3
Other manufacturing (non-NAICS) 1.0 -.3 -.9 -1.5 .7
Mining .2 -.7 -.9 -1.2 -.4
Utilities .7 .2 -1.4 -1.3 .4
Selected high-technology industries -3.4 2.5 -9.7 -3.4 -7.3
Manufacturing except selected
high-technology industries (2) .4 .1 -.2 -.4 -.1
Stage-of-process groups
Crude .4 -.3 -.4 -1.1 -.1
Primary and semifinished .0 .2 -1.0 -2.0 -.3
Finished .4 .6 -1.4 -.2 -.7
(1.) 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 in the column
heading.
(2.) See footnote 4 to table A.3.
A.7. Rates of change in electric power use, by industry
group, 2000-2004 (1)
Revised rate of change
(percent)
Industry group 2000 2001 2002 2003 2004
Total industry 1.0 -6.4 -.3 -1.3 .8
Manufacturing (2) 1.2 -6.7 .1 -1.2 .7
Durable -.1 -7.0 1.5 -2.5 2.6
Nondurable 2.4 -6.4 -1.0 -.2 -.9
Other manufacturing (non-NAICS) -.5 -6.8 -2.3 .2 -1.1
Mining -2.7 -3.1 -5.0 -3.4 2.8
Total excluding nuclear nondefense .2 -5.4 -.4 -1.1 .8
Utility sales to industry .6 -7.4 -.3 -1.5 .8
Industrial generation 9.1 2.8 .7 .9 .7
Difference between rates of
change: revised minus earlier
(percentage points)
Industry group 2000 2001 2002 2003 2004
Total industry .0 1.3 -.8 1.4 -.8
Manufacturing (2) .0 1.4 -.8 1.6 -.9
Durable .0 1.2 -.7 1.2 -.2
Nondurable .0 1.5 -.9 1.9 -1.3
Other manufacturing (non-NAICS) .0 .0 .0 -.6 -1.3
Mining .0 .1 -.4 -1.0 .3
Total excluding nuclear nondefense .0 1.3 -.8 1.4 -.5
Utility sales to industry .0 1.2 -.7 1.5 -.6
Industrial generation .0 2.6 -1.4 -.1 .7
NOTE. Estimates for the third quarter of 2004 are subject to
further revision in the upcoming monthly releases.
(1.) 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 in the column
heading. For 2004, the rates are calculated from the fourth quarter
of 2003 to the third quarter of 2004 and are annualized.
(2.) See footnote 4 to table A.3.
A.8. Annual proportion in industrial production, by market
groups and industry groups, 1996-2004
NAICS
Item code (1) 1996 1997
Total industry ... 100.0 100.0
MARKET GROUP
Final products and nonindustrial supplies ... 56.4 56.9
Consumer goods ... 27.7 27.6
Durable ... 7.8 7.9
Automotive products ... 3.6 3.7
Home electronics ... .4 .4
Appliances, furniture, carpeting ... 1.4 1.4
Miscellaneous goods ... 2.4 2.4
Nondurable ... 19.9 19.7
Non-energy ... 16.3 16.3
Foods and tobacco ... 8.7 8.7
Clothing ... 1.8 1.6
Chemical products ... 3.7 3.7
Paper products ... 1.7 1.8
Energy ... 3.7 3.4
Business equipment ... 11.2 11.8
Transit ... 1.8 2.1
Information processing ... 3.7 4.0
Industrial and other ... 5.7 5.8
Defense and space equipment ... 2.0 1.9
Construction supplies ... 4.1 4.1
Business supplies ... 11.0 11.1
Materials ... 43.6 43.1
Non-energy ... 33.4 33.8
Durable ... 21.4 21.7
Consumer parts ... 4.1 4.2
Equipment parts ... 8.1 8.3
Other ... 9.2 9.2
Nondurable ... 12.1 12.1
Textile ... 1.1 1.1
Paper ... 3.0 2.9
Chemical ... 4.8 4.9
Energy ... 10.2 9.3
INDUSTRY GROUPS
Manufacturing (2) ... 84.4 85.7
Manufacturing (NAICS) 31-33 80.3 81.2
Durable manufacturing ... 45.5 46.5
Wood products 321 1.5 1.5
Nonmetallic mineral products 327 2.2 2.2
Primary metal 331 3.0 3.1
Fabricated metal products 332 6.0 6.0
Machinery 333 6.2 6.2
Computer and electronic products 334 10.0 10.4
Electrical equipment, appliances,
and components 335 2.6 2.6
Motor vehicles and parts 3361-3 6.5 6.7
Aerospace and miscellaneous
transportation equipment 3364-9 3.2 3.5
Furniture and related products 337 1.5 1.6
Miscellaneous 339 2.8 2.8
Nondurable manufacturing ... 34.7 34.7
Food, beverage, and tobacco products 311,2 10.1 10.1
Textile and product mills 313,4 1.7 1.7
Apparel and leather 315,6 1.9 1.8
Paper 322 3.3 3.2
Printing and support 323 2.7 2.6
Petroleum and coal products 324 1.6 1.6
Chemical 325 9.9 10.1
Plastics and rubber products 326 3.6 3.7
Other manufacturing (non-NAICS) 1133,5111 4.1 4.4
Mining 21 6.0 5.4
Utilities 2211,2 9.6 9.0
Electric 2211 8.1 7.7
Natural gas 2212 1.4 1.3
Item 1998 1999 2000
Total industry 100.0 100.0 100.0
MARKET GROUP
Final products and nonindustrial supplies 58.1 57.7 57.6
Consumer goods 28.0 28.2 28.5
Durable 7.9 8.0 7.8
Automotive products 3.7 3.9 3.7
Home electronics .4 .4 .4
Appliances, furniture, carpeting 1.4 1.4 1.4
Miscellaneous goods 2.4 2.4 2.3
Nondurable 20.1 20.2 20.7
Non-energy 16.9 16.7 16.9
Foods and tobacco 9.2 9.1 9.3
Clothing 1.5 1.3 1.2
Chemical products 3.8 3.8 3.9
Paper products 1.9 1.9 2.0
Energy 3.3 3.5 3.8
Business equipment 12.3 11.9 11.7
Transit 2.5 2.3 2.0
Information processing 4.0 4.1 4.1
Industrial and other 5.8 5.5 5.6
Defense and space equipment 1.9 1.8 1.5
Construction supplies 4.3 4.3 4.3
Business supplies 11.2 11.2 11.2
Materials 41.9 42.3 42.4
Non-energy 33.3 33.1 32.3
Durable 21.4 21.4 20.9
Consumer parts 4.2 4.4 4.1
Equipment parts 8.2 8.1 8.1
Other 9.1 8.9 8.6
Nondurable 11.9 11.7 11.4
Textile 1.0 1.0 .9
Paper 2.8 2.9 2.8
Chemical 4.6 4.5 4.3
Energy 8.6 9.2 10.1
INDUSTRY GROUPS
Manufacturing (2) 86.5 85.8 84.5
Manufacturing (NAICS) 81.8 81.0 79.6
Durable manufacturing 47.1 46.6 45.5
Wood products 1.5 1.6 1.4
Nonmetallic mineral products 2.3 2.3 2.2
Primary metal 2.9 2.8 2.5
Fabricated metal products 6.1 6.0 6.1
Machinery 6.2 5.8 5.9
Computer and electronic products 10.3 10.3 10.3
Electrical equipment, appliances,
and components 2.6 2.5 2.5
Motor vehicles and parts 6.6 7.0 6.6
Aerospace and miscellaneous
transportation equipment 4.1 3.8 3.3
Furniture and related products 1.7 1.7 1.7
Miscellaneous 2.8 2.8 2.9
Nondurable manufacturing 34.7 34.4 34.1
Food, beverage, and tobacco products 10.6 10.4 10.7
Textile and product mills 1.6 1.5 1.4
Apparel and leather 1.6 1.4 1.3
Paper 3.2 3.2 3.2
Printing and support 2.6 2.6 2.6
Petroleum and coal products 1.5 1.7 1.9
Chemical 9.9 9.6 9.4
Plastics and rubber products 3.7 3.8 3.7
Other manufacturing (non-NAICS) 4.7 4.8 4.9
Mining 4.8 5.5 6.5
Utilities 8.7 8.6 9.0
Electric 7.5 7.4 7.6
Natural gas 1.2 1.2 1.4
Item 2001 2002
Total industry 100.0 100.0
MARKET GROUP
Final products and nonindustrial supplies 59.1 58.8
Consumer goods 30.1 30.9
Durable 8.1 8.9
Automotive products 4.0 4.6
Home electronics .4 .3
Appliances, furniture, carpeting 1.4 1.5
Miscellaneous goods 2.3 2.4
Nondurable 22.0 22.0
Non-energy 18.1 18.1
Foods and tobacco 10.0 9.7
Clothing 1.1 .9
Chemical products 4.5 4.9
Paper products 2.0 2.0
Energy 3.8 3.9
Business equipment 11.2 10.3
Transit 2.0 1.9
Information processing 3.8 3.0
Industrial and other 5.4 5.3
Defense and space equipment 1.8 1.8
Construction supplies 4.3 4.3
Business supplies 11.3 11.2
Materials 40.9 41.2
Non-energy 30.8 30.9
Durable 19.6 19.3
Consumer parts 3.8 4.1
Equipment parts 7.3 6.7
Other 8.4 8.5
Nondurable 11.3 11.6
Textile .8 .8
Paper 2.8 2.8
Chemical 4.2 4.5
Energy 10.0 10.3
INDUSTRY GROUPS
Manufacturing (2) 84.1 83.8
Manufacturing (NAICS) 79.2 79.0
Durable manufacturing 44.2 43.7
Wood products 1.4 1.5
Nonmetallic mineral products 2.3 2.3
Primary metal 2.3 2.4
Fabricated metal products 5.9 5.8
Machinery 5.6 5.4
Computer and electronic products 9.2 7.9
Electrical equipment, appliances,
and components 2.4 2.2
Motor vehicles and parts 6.5 7.4
Aerospace and miscellaneous
transportation equipment 3.8 3.6
Furniture and related products 1.7 1.8
Miscellaneous 3.1 3.3
Nondurable manufacturing 35.0 35.3
Food, beverage, and tobacco products 11.4 11.3
Textile and product mills 1.3 1.3
Apparel and leather 1.2 1.0
Paper 3.1 3.1
Printing and support 2.6 2.5
Petroleum and coal products 1.7 1.6
Chemical 9.8 10.6
Plastics and rubber products 3.7 3.8
Other manufacturing (non-NAICS) 5.0 4.8
Mining 6.4 6.4
Utilities 9.5 9.7
Electric 8.1 8.3
Natural gas 1.4 1.5
Item 2003 2004
Total industry 100.0 100.0
MARKET GROUP
Final products and nonindustrial supplies 58.4 58.0
Consumer goods 30.9 30.3
Durable 8.8 8.4
Automotive products 4.7 4.5
Home electronics .4 .3
Appliances, furniture, carpeting 1.4 1.4
Miscellaneous goods 2.3 2.3
Nondurable 22.1 21.8
Non-energy 17.9 17.7
Foods and tobacco 9.7 9.7
Clothing .8 .7
Chemical products 4.9 4.8
Paper products 2.0 2.0
Energy 4.2 4.1
Business equipment 9.9 10.0
Transit 1.7 1.8
Information processing 3.1 2.9
Industrial and other 5.1 5.3
Defense and space equipment 2.0 2.0
Construction supplies 4.3 4.4
Business supplies 11.0 10.9
Materials 41.6 42.0
Non-energy 30.2 30.1
Durable 18.7 18.8
Consumer parts 4.1 4.0
Equipment parts 6.2 6.2
Other 8.4 8.6
Nondurable 11.5 11.3
Textile .7 .6
Paper 2.7 2.6
Chemical 4.5 4.5
Energy 11.4 11.9
INDUSTRY GROUPS
Manufacturing (2) 82.5 81.9
Manufacturing (NAICS) 77.7 77.2
Durable manufacturing 42.7 42.8
Wood products 1.5 1.6
Nonmetallic mineral products 2.2 2.2
Primary metal 2.5 2.8
Fabricated metal products 5.6 5.7
Machinery 5.2 5.5
Computer and electronic products 7.6 7.4
Electrical equipment, appliances,
and components 2.1 2.1
Motor vehicles and parts 7.5 7.2
Aerospace and miscellaneous
transportation equipment 3.5 3.6
Furniture and related products 1.7 1.7
Miscellaneous 3.2 3.1
Nondurable manufacturing 35.0 34.4
Food, beverage, and tobacco products 11.4 11.4
Textile and product mills 1.2 1.1
Apparel and leather .8 .7
Paper 3.1 3.0
Printing and support 2.3 2.2
Petroleum and coal products 1.9 2.0
Chemical 10.6 10.5
Plastics and rubber products 3.7 3.6
Other manufacturing (non-NAICS) 4.8 4.7
Mining 7.6 8.3
Utilities 9.9 9.8
Electric 8.2 8.1
Natural gas 1.6 1.6
NOTE. The IP proportion data are estimates of the industries'
relative contributions to the overall IP change between the
reference year and the following year. For example, a 1
percent increase in durable goods manufacturing between
2004 and 2005 would account for a 0.428 percent increase in total IP.
(1.) North American Industry Classification System.
(2.) See footnote 4 to table A.3.
... Not applicable.
1. Revised rates of change in industrial production and
capacity and the revised rate of capacity utilization,
2000-2004
Revised rates
of change
(percent)
2003
Item propor- 2000 2001 2002
tion
Production
Total industry 100.0 1.9 -5.1 1.5
Manufacturing 82.3 1.5 -5.4 1.3
Excluding high-tech industries 77.4 -1.9 -4.9 .7
High-tech industries 4.9 37.6 -10.1 8.1
Mining and utilities 17.7 4.2 -3.3 2.7
Capacity
Total industry 100.0 4.3 2.7 .5
Manufacturing 84.9 5.0 2.6 .0
Excluding high-tech industries 78.9 1.7 .5 -.4
High-tech industries 6.1 38.8 27.4 8.0
Mining and utilities 15.1 1.7 3.0 2.6
Capacity utilization (percent)
Total industry 100.0 80.7 74.6 75.4
Manufacturing 84.9 78.8 72.6 73.5
Excluding high-tech industries 78.9 78.0 73.8 74.6
High-tech industries 6.1 86.1 60.8 60.9
Mining and utilities 15.1 92.5 86.8 87.0
Difference
between revised
Revised and earlier
rates of rates of
change change
(percent) (percentage
points)
Item 2003 2004 2000 2001
Production
Total industry 1.2 4.2 -.4 .2
Manufacturing 1.5 5.0 -.5 .2
Excluding high-tech industries .4 4.1 -.5 .3
High-tech industries 18.7 18.6 -.6 -1.6
Mining and utilities -.4 .6 .1 .2
Capacity
Total industry -.2 1.2 .2 .4
Manufacturing -.1 1.1 .1 .4
Excluding high-tech industries -.6 .1 .4 .1
High-tech industries 8.4 13.4 -3.4 2.5
Mining and utilities 1.1 1.0 .5 -.1
Capacity utilization (percent)
Total industry 76.5 78.8 -.7 -.8
Manufacturing 74.8 77.6 -.8 -.9
Excluding high-tech industries 75.4 78.4 -1.0 -.7
High-tech industries 66.7 69.7 .3 -2.2
Mining and utilities 85.7 85.3 -.2 .0
Difference between
revised and earlier
rates of change
(percentage points)
Item 2002 2003 2004
Production
Total industry .1 -.3 -.7
Manufacturing .2 -.3 -.9
Excluding high-tech industries .8 -.2 -.9
High-tech industries -7.2 -2.6 -1.5
Mining and utilities -.3 -.2 .3
Capacity
Total industry -1.2 -1.3 -.4
Manufacturing -1.1 -1.1 -.5
Excluding high-tech industries -.2 -.4 -.1
High-tech industries -9.7 -3.4 -7.3
Mining and utilities -1.2 -1.3 .1
Capacity utilization (percent)
Total industry .2 1.0 .9
Manufacturing .1 .6 .4
Excluding high-tech industries .0 .2 -.2
High-tech industries -.9 -.3 1.8
Mining and utilities .8 1.7 1.9
NOTE. The rates of change for years are calculated from the fourth
quarter of the previous year to the fourth quarter of the year
specified. The capacity utilization rates are for the last quarter
of the year.
The difference between the revised and earlier rates of change
for IP for 2004 is calculated for the period 2003:Q4 to 2004:Q3.
The difference in capacity utilization for 2004 refers to 2004:Q3.
High-tech industries include the manufacturers of semiconductors
and related electronic components, computers and peripheral
equipment, and communications equipment.
2. Proportion of industrial production data
by type in reporting window, 2003
Percent
Month of estimate
Type of source data
1st 2nd 3rd 4th
Physical product 26.1 40.8 49.9 50.1
Production-worker hours 34.7 34.7 34.7 34.7
Electric power use .0 11.7 11.7 11.7
Received 60.8 87.2 96.4 96.6
Estimated 39.2 12.8 3.6 3.4
Total industrial production 100.0 100.0 100.0 100.0
3. U.S. LAN equipment, 1997-2003
Value of
Production Price production
Period index index (millions
of dollars)
Annual estimates
(1997 = 100)
1997 100.0 100.0 12,935.4
1998 153.2 72.2 14,329.5
1999 223.0 59.1 17,138.9
2000 303.5 52.5 20,732.7
2001 357.9 41.2 19,205.4
2002 366.6 32.8 15,635.1
2003 412.5 25.4 13,549.1
Quarterly estimates
(1997 = 100)
1997:Q1 77.7 108.0 10,767.2
Q2 88.8 97.4 11,634.7
Q3 109.2 97.5 13,824.5
Q4 124.3 97.9 15,423.2
1998:Q1 136.7 80.2 14,120.6
Q2 154.8 71.1 15,041.5
Q3 160.7 67.6 14,009.2
Q4 160.7 69.7 14,191.5
1999:Q1 212.4 61.6 16,984.3
Q2 225.2 56.3 17,383.2
Q3 224.4 59.8 17,086.5
Q4 229.8 58.6 17,138.6
2000:Q1 262.8 54.4 18,692.5
Q2 304.4 49.8 20,542.1
Q3 322.9 53.5 21,751.7
Q4 323.8 52.7 21,853.8
2001:Q1 391.3 43.1 22,253.4
Q2 336.8 42.2 18,933.4
Q3 340.3 41.6 17,741.7
Q4 363.4 38.0 17,938.4
2002:Q1 353.9 34.5 16,381.3
Q2 360.0 33.5 16,034.4
Q3 382.2 33.1 15,683.9
Q4 370.2 30.2 14,438.5
2003:Q1 374.3 26.5 13,514.5
Q2 400.6 27.0 14,365.4
Q3 434.5 26.2 13,993.9
Q4 440.7 21.7 12,336.1
NOTE. Charles Gilbert Charles Gilbert may refer to:
Bayard (bā`ərd), Ital. Baiardo (bäyär`dō), in chivalric romance, a bay horse, remarkable for his spirit and for his unique ability to fit his size to his rider. , David Byrne Byrne (variations: Byrnes, O'Byrne, O'Byrnes, Burns, Beirne) meaning 'raven', is derived from the Irish name Ó Broin, and is the seventh most common last name in Ireland today. History 'Ó Broin', the Gaelic form of 'Byrne', means descendant of Bran. , William Cleveland William Cleveland (born Devonshire, died December 6th 1758) was an English independent slave trader(or interloper) who was stationed at Galinhas in Sierra Leone during the 1730s. , Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. Lengermann, Maria Otoo, Dixon Dixon, city (1990 pop. 15,144), seat of Lee co., N Ill., on the Rock River; founded 1830, inc. 1857. Corn and soybeans are grown, cattle are raised, and there is light manufacturing. Tranum, and Daniel Daniel, book of the Bible Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C. Vine, prepared the revised estimates Revised estimate The third estimate of GDP released about three months after the measurement period. of industrial production. Norman Norman, city (1990 pop. 80,071), seat of Cleveland co., central Okla.; inc. 1891. It is the center of a livestock region. Oil wells, food processing, and printing and publishing contribute to the economy, and there is diverse manufacturing (machinery, communication Morin Mo´rin n. 1. (Chem.) A yellow crystalline substance ( fustic rodby> (Chlorophora tinctoria syn. , John Stevens John Stevens is the name of a number of prominent people:
(1.) The production and capacity indexes and the utilization rates referred to in the text and shown in table 1 are based on the data as published on January 14, 2005. Statements about previously reported estimates refer to the data published in the December 14, 2004, monthly G.17 release. (2.) Carol Corrado Corrado may be refer to:
Charles Gilbert and Kimberly Bayard, of the Board's Division of Research and Statistics, prepared this article. Vanessa Haleco provided research assistance. |
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