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FEDERAL RESERVE statistical release
For immediate release
December 16, 1982
G-3 (402)
CAPACITY UTILIZATION: MANUFACTURING AND MATERIALS
November 1982
Capacity utilization in manufacturing fell 0.5 of a percentage point
in November to a postwar low of 67.8 percent,, Producers of industrial materials
operated at 66.7 percent of capacity, down Q«5 of a percentage point from the October
rate to another series low*
Within manufacturing operating rates declined 0.5 of a percentage point
in both the primary processing and the advanced processing industries, to 65.4
percent and 69.1 percent, respectively. After a relatively flat period during the
summer, total manufacturing utilization has declined somewhat faster in recent
months, mainly as a result of sizable production cutbacks by industries manufacturing
business equipment, and autos and trucks. Capacity utilization in the iron and
steel industry has continued to decline markedly in recent months, at about the
same pace as in the summer.
The November operating rate for total materials was more than 2-1/2
percentage points below its low in March 1975. Producers of durable goods
materials operated at 59.8 percent of capacity in November, down 0.8 of a
percentage point since October, and 4.3 percentage points below the rate in
March 1975. Although the operating rate for-nondurable goods materials production
decreased 0.3 of a percentage point in November to 72.5 percent, it remained well
above its March 1975 cyclical low. The rate for energy materials production dropped
0.6 of a.percentage point in November to 77.3 percent.
1970
INDUSTRIAL MATERIALS
MANUFACTURING
PERCENT
1.00
ENERGY
TOTAL
80
60
100
NONDURABLE GOODS
PRIMARY PROCESSING
80
60
1973
1976
1979
1982
1973
1976
1979
1982
OUTPUT, CAPACITY AND CAPACITY UTILIZATION
Output and Capacity are Percentages of 1967 Output; Capacity Utilization is a Per Cent of Capacity.
Seasonally Adjusted
Manufacturing
aOHTHLX CA&ACI2I OTIXIZAIIOM
1982
SERIES
-mi^-kMs~
73.1J
71.1
72.*2
71.6 ,70.8
70.2
70.0
P 1 I M B X PJCCgSSIHG
69.61
68.5
70.Q
68.6
67.2
66.1
ADVABCBD PBOCISSIBG
75.0!
72.8
73.6
73.2
72.6
72.5
BABOFACXOBIBG,-- SQTML
MAMOPICTOSIMG, TQSAL
1981
O02P0X
1982
152.5
I
145.01 139.8
1
155.8
SBXBABI P1CC1SSXBG
143.5| 137.1
1
145.81 141.6
150.7
AJWABCBD PBOCESSXIG
1
1 1981
70.0
69.8
65.7
65.7
72.3
72.3
I
1 1981
C&PACXXX
1982
1
~~~ 1
I
137.71 1S2.4 193.9} 195.2 196.4 197.71 7.9.3
I
I
1
1
8
1
132.5! 196.3 I91*5| 198.6 199.5 200.41 79.4
138.1
132.3
1
141.2
I
140.51 490.4
69.2
68*3
66.1
66.5
65.9
65.4
71.7
70.7
69.6
6S.1
70«3
69.7
66*3
66«!
flSXLIZAIIGH
1962
£2— -JL-
1
74.8J 71.6
I
!
72.71 69.1
1
192.0J 193.5 194.9 196.21
I
73.2
75.91 73.2
72.5 71.£
Industrial Materials
S1BISS
1973!
i
H l - I l i X l L S , TOTAL
92.6|
BBTIL iATifilALS
MOIDHBABLE GOODS HAI1BI1XS
2 £ X « , P A P I B , & CHB1. HAT.
BIBBSX MATERIALS
I
!
I
92.61
99.41
95.51
J
57.9 | 75.5 72.0!
72.4 | 92.3 86.5|
64*2 | 72.4 69.0!
1
1
84.8 ) 82.2 81.6!
., ,
1
i
1
I 94.6|
198!
. 154.3 144.01 138.7
1
152.8
HOTls
72.21
OUTPUT
1982
IV
I
140.2! 130.9
! 114.2 99.5|
1
8
HOHDOBABLB GOODS HATEBIALS 1 175.8
164.51
XBX«, PAPEB, S CBBH» MAI. i 182.8 169.41
•
E 115.5 106.81
TEXTILE flAIBBIALS
} 152.2 147.0}
I 224.9 206.2J
CHSBICIX BATEBIAXS
1
1
I 131.6 !27.9«
m%hL HATEBIALS
72.4!
65.3 \ 75.9
j
DOBABLE GOODS MA2BBIALS
1
95.1!
J
H1SBBIALS, TOTAL
69.4 ; 75.5
AOG
SIP
OCi.
71.8
70.5
69.4
68.8
66.5
6S.2
67.8
67.2
67.4
66.4
65.0
64.2
64.0
63.7
63. 1
62. I
60.4
64.7
61.1
56.2
53.9
52.2
50.7
51.2
51.$
5H.4
76.5
75.3
74.4
72.5
70.S
70.2 1
71.0
72.7
72.8
72.5
70.7
74.4
73.7
72.5
70.6
63. S
63.0
70.5
70.9
70.7
68.6
87.6
67.4
71.9
90.7
71.3
73.5
89.4
70.2
73.4
87.4
69.0
71.5
84. 1
66.9
69.6
85.3
65.0
69*8
72.6
63^7
65® 9
74.3
89.7
66.0
83.2
81.8
80.2
79. 9
79.8
80.0
77. 0
77.9
77.3
69.6
68.2
72.9
71.4
1
1
91.5| 63*6 1 72.2 68.5J 66.2
1 68» 6 ! 70.8 65.51 65.8
98*31
1
!
11
i 94.5! 67.2 [ 77.3 74.!| 73.2
DOUBLE GCODS HIXEJXILS
XBXTXIB BA2EBIALS
PIPES MAT BHALS
CHUSICAL HATEBIALS
flOMTHXX C^PACIXX 0SILIZAIIO3
1975 I 1981
1 1982
t>BCvJ JAH. FEB. SUu
APB»
134.7
83.7
1981
CAPACI2X
1982
IV
I
1
132.71 190.3
1
192.6
1
1
1
124.8! 194.2
1
73.01 141,9
1
193.7
194.6!
1
197.3
1
j
195.31 196.4
1
142. 1! 142.3
8
1981
III
81.1
63.0
51.3
77.21
75.0
72.6
71*3
82.5
75.71
72.9
7©.6
63,2
81.8
94.1
60.0
75.4| 71.3
90.3|
89.2
72.5{ 6S.6
1
1
82. IJ 82.9
8ol3
71.5
88.0
64.5
79.9
7J.J
161.0
156.8
155.0| 211.2
213.11 214.6
216.1
164.5
160.5
158.21 221.7
223.91 225.6
227.3
228.81
141.61
162.8|
284.4|
1
1
155.8!
142*1
163.8
287.3
142.4
164.6
289.6
156.5
157.0
142.81
165.4!
291.9!
1
1
157.61
•
129.8
125.5
102.2!
145.61
188.31•
1
1
124.0!
14.1.0
161.9
281.0
155.0
IV
I
1
75.21 72.0
1
54.1
198.3! 78»7
1
142.3! 00.5
1
1
217.4| 83.3
101.3 101.8
146. 1 142.0
200.0 194.0
UTIXIZAZIOli
64.4
77.0
142.4
79.0
71.8! 66.7
1
70..IJ 63.9
1
1
90.9
127.1
72.3
66.7
84.9
—L,
ESXXHATES OF ACTUAL OOTPQS &HD CAPACISX OUTBUI ABE BOTH BXPBSSSSD AS PBBCEHSAGES OF 1967 ACTOAX OGSPOT. 1S2IHAT1S Of
C&FACXT? UTJLIZATIOH IK PESCSMT AfiE CALCULATED AS BATIOS OF |l$ THE FSDEIAL JSSE£?EaS SIASOMAXXX ADJUSTED INDEXES QI I1DQSTB1AX P10D6CSI0H £0 £2) THI COfiBESPOMAIliG IHDEXES OF CAPACITX. IHDUS1BIAX HASEfilAXS M E ITBflS ECTH 2RQLUC2V AHD GS2D IS I!PQ2S Bl HAHOFACT0BIMG PLAMTS^ HIHES AKD UTILITIES; I8D0STBIAL eATBBIikXS CCVEB MA8X OF THE ITEHS 5EPJ3ESEBTE11 IH TfiE P R X M ¥
P1OCBSSIHG GJOOPIHG OF IA£l@flCT0fiII}G AS ^ELL AS SONS OF THE OOTFOT QI HIHES ABD 0TILISI1S -* SOCB AS 1MQU GfiB, CBODS OIL, IBS
BLECTBICI3X SOLD 10 IHDOST.BX*
THE 1973 HIGHS hEQ 1975 LOMS IH CAP£CIT¥ 0TI1IZATIOH* SHQUM IH TEE TIBXiS ABOVS« ABE SPECIFIC XO EACH SKSIES AHD MAX OCCOB IH
DIFFE11HT HQMHS. IHDUSTBI&X PXAHTS GS01X.L? 0PBB1T1 IT CAPACITX 91IXI2A2I0H BATES THAT A&S KEXX BIXOH 100 PEfiCEBT; HCBS Cf
THE BROAD AG61BG&T1 SMI1S dhS BVE£ IMSIC1T1D & 100 PEBCBHT 0S£ OF CAPACISX. GAPACI2X 0TILI2AZIOH BA1ES AVE5AGED ABOOT 83
P1BCEHT FOB H1N0FACS OHIHS I BOH 1955 THBOOaM 1973., I9D 1BO0T 85 PS£CES1 fOS IKDOSTfilAX MATSSIAXS SCM 1S67 THBGOGH 1S7S. Jl
HAS0F&C3UBIIG IS k MBOLE* 0TILIZA1IOH H I E S AS H!€B AS 90 PEBCEHS HAVE BEEM EXCEEDED O!iXX IH HABTIBE. THE PEAK £AXBS Of 0TI~
LIIM30M IM 1973 WEHE ASSOCIATED «ITH SI@HIFICAH!I OPiiABIi PBSSSOBE CH PJICES.
l
THE MESiC!ISOL43Sf AMD THI SEBIBS ASE DESCRIBED XM _
Sf filiACJESI IMU CAfAciai
iZQi> REVISED DAIA
Afil FOOMD IN ^CAPICITX OTILI^ADIOH: MAHOfACTOBISg AHD HAXBBIALS, JAKOAkiX 1967—DECESBEB 1978." BC2H PUfiLICASIOHS HA1 BE C5~
TMHEB FSOI POBLICAflOMI? SI1VICBS« BOASD QF G07EBH0BS OF THE FSDESAL £2JE£VB SiSTBB, HAJHIHGTON, D.C. 20551
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