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FEDERAL
statistical

RESERVE
release
For immediate release:
April 16, 1974

E.5

CAPACITY UTILIZATION IN MANUFACTURING
Quarterly averages, seasonally adjusted
Capacity
Utilization
(per cent)
Primary
processing

Advanced
processing

Output

Capacity

75.0
78.6
83.0

79.3
84.6
89.7

72.7
75.4
79.4

105.2
114.0
125.1

140.3
145.0
150.7

II
III
IV

75.0
75.6
74.7
74.6

79.4
81.1
78.0
78.6

72.7
72.7
72.9
72.4

103.8
105.6
105.3
106.1

138.3
139.6
141.0
142.3

1972 1
II
III
IV

75.6
77.9
79.4
81.5

80.8
83.5
85.9
88.3

72.9
74.9
75.9
77.8

108.5
112.5
115.5
119.4

143.5
144.5
145.5
146.6

1973 Ipr
Ilpr
Illpr
IVpr

82.8
83.3
83.3
82.6

89.6
90.1
90.0
89.0

79.1
79.7
79.7
79.2

122.5
124.8
126.2
126.7

148.0
149.8
151.6
153.4

1974 Ip

80.1

87.0

76.4

124.1

155.0

Year and
Quarter
total
manufacturing

1971
1972
1973
1971 I

Manufacturing Output
and Capacity
(1967 production = 100)

Note—Based on data from Federal Reserve, McGraw-Hill Economics Department and
Department of Commerce. For description and back data, see Federal Reserve Bulletin,
November 1966, pp 1605-15 and also October 1971. Capacity and capacity utilization
series were revised to utilize the 1967 base industrial production index in October,
1971.
Current data for major materials utilization appear in FRB Statistical Release G.12.3
(Industrial Production), p. 3.
p — p r e1imina ry




r--revised