October's operating rate dips for durables manufacturing.
The capacity utilization rate for America's durable-goods manufacturers dropped slightly in October to 70.5% of theoretical maximum, from 70.7% in September (see table).The related index of Industrial Production rose 0.2% in October. At 111.8% of its 1997 average, the October index was 0.6% higher than its year-ago level.
Capacity Utilization, % of Theoretical Max. '72-'02 Industry Group, NAICS Oct. Sept. Aug. Avge. Durable Manufacturing 70.5 70.7 69.8 78.5 Fabricated metal pdts 332 67.6 67.4 66.8 77.2 Machinery, 333 67.5 68.1 67.6 79.8 Computer & electrnx, 334 66.1 65.2 65.2 79.5 Electr. eqpt, 335 74.6 74.0 73.4 83.2 Motor vehicles, 3361-3 80.2 83.5 78.6 77.6 Aerospace etc., 3364-9 63.9 63.9 64.0 73.2 Furniture & related, 337 69.7 69.5 69.5 79.2 Miscellaneous, 339 75.4 75.8 75.6 76.9 Federal Reserve System, Washington, D.C. 202-482-1986.
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| Publication: | Metalworking Insiders' Report |
|---|---|
| Date: | Nov 25, 2003 |
| Words: | 171 |
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