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FEDERAL RESERVE statistical release
G.3

(402)

For immediate release
December 17> 1980
CAPACITY UTILIZATION: MANUFACTURING AND MATERIALS
November 1980

Capacity utilization in manufacturing increased 0.9 of a
percentage point in November to 78.8 percent. Producers of industrial
materials operated at 79.6 percent of capacity, up 1.3 percentage
points from the October rate. Despite substantial gains since July,
the November operating rates for both manufacturing and materials were
almost 9 percentage points below their highs in 1979.
The utilization rate for the primary processing industries rose
1.7 percentage points in November to 79.0 percent, and the rate for the
advanced processing industries increased 0.5 of a percentage point to
78.9 percent. Among the primary processing industries, the operating
rates for producers of iron and steel and nonferrous metals increased
very sharply in November; moderately large increases occurred in the
utilization rates of a wide range of industries, including the paper,
petroleum, rubber and plastics, fabricated metals, and stone, clay, and
glass industries.
Among the advanced processing industries, capacity utilization
for producers of motor vehicles and parts rose further in November, but
considerably less than during the two preceding months; capacity utilization
in this sector remains more than 30 percentage points below its last cyclical
high. Operating rates also were higher for producers of electrical machinery
and instruments.
Producers of durable goods materials utilized 75.3 percent of their
capacity in November, 2.3 percentage points above the October rate, and the
operating rate for nondurable goods materials rose 0.4 of a percentage point
to 84.8 percent. The utilization rate of energy materials producers edged up
0.2 of a percentage point to 83.9 percent.




MANUFACTURING

INDUSTRIAL MATERIALS
PERCENT

100
ENERGY

TOTAL

80

60
100
NONDURABLE GOODS

PRIMARY PROCESSING

80
ADVANCED PROCESSING

I
1968

I

I

I
1971

I

I

I
1974

60
1977

1980

1971

1974

1977

1980

OUTPUT, CAPACITY AND CAPACITY UTILIZATION
Output and Capacity are Percentages of 1967 Output; Capacity Utilization is a Per Cent of Capacity.
Seasonally Adjusted

Manufacturing
SERIES
_

. .

•

.

MANUFACTURING,

|
J

TOTAL

P R I - A R Y PROCESSING
ADVANCED PROCESSING
.
.

M A N U F A C T U R I N G , TOTAL
P R I M A R Y PROCESSING
A D V A N C E D PROCESSING

1973|
1975
1979
LOW
NOV.
HIGHI
\
83.01
84.4
69,,0
1
1
93.8|
86.9
68i2
1
69.4
85.5f
82.9
1
1
OUTPUT
1980
1979
III
I
1
153.7
153. 4| 152.8
1
!
163.9
162.51 160.5
1
148.3
148.5| 148.8
1

M O N T H L Y C A P A C I T ' ' ' ' T I L !Z A T TO V
|
1930
DEC.l J A N .
?E3.
3AS.
A??..
I
:)
34.1 I
J3.9
8?. 5
S2.
33.3
1
j
86. 3|
36.4
Sc.2
33. 8
80.5
1
82.8|
32.7
82.6
82.2
80.1
1
.
!
CAPACITY
1
1979
1980
II
III1
HI
IV
I
I
I
143.9
141.0! 180.1
1 8 1 . 7 1 183.3
I
I
1
1
145.0
1 3 9 . f ; | 135.6
1 R 7 . 1 | 138.5
I
I
143.3
141.81 177.3
1 7 3 . 9 1 180.5

—i

-

-i—

MAY

JUNE

JULY

AUG.

SEP.

OCT.

N Z '.' .

1

77.6

75.7

74.9

75.5

7 6 . f,

I" .1

78. 8

75. R

72.7

70.9

72.5

75.1

77 . .-•

-> q , ;

73.6

77.4

77. 1

77. 1

77.6

73.4

78.9

1979
III

UTILIZATION
1980
IV
I

II

164.3
190.0
182.0

I
!
III!
j
186.3!
I
j
191.5!
I
183.51
j

85.3
88. 3

83.7

II

III

84. 4 |
I
I
86.9|
I
83. 0|
1
.

83.4

77.9

75. 7

85.1

76.3

7 v- . 9

82.5

73.7

77. 3

Industrial Materials
SERIES
, _
MATERIALS,

1
TOTAL

D U R A B L E GOODS M A T E R I A L S
METAL MATERIALS
H O N O U R A B L E GOODS M A T E R I A L S
TEX. , P A P E R , & C H E M . M A T .
TEXTILE MATERIALS
PAPER M A T E R I A L S
CHEMICAL MATERIALS
ENERGY MATERIALS

1973!
Hir,Hl
I
92. 6|
!
I
91.5|
1
98.3!
1
1
94.5|
1
95. 1 J
!
92.6!
99. 4|
95.5!
I
I
94.61
]

1979
III
MATERIALS,

156.9

TOTAL

158. 6

D U R A B L E GOODS M A T E R I A L S

126.3

M2TAL MATERIALS
N O N D U R A B L E GOODS M A T E R I A L S

176.8

TEX. , PAPER, & CHEM. HAT.

185.0
122.7
146.8
227.7

TEXTILE MATERIALS
PAPER MATERIALS
CHEMICAL MATERIALS

128.2

ENERGY MATERIALS
I

*OTE:

1975
LOW
69.4

96.2

63.6

83.9

68.6

85. 1

67.2

90.3

65.3

90.9

57.9
72.4
64.2

89.0
96.9
39.8

84.8

MONTHLY CAPACITY UTILIZATION
1
1980
DEC.! J A N .
FSB.
1AR.
APR.

1979
L NOV.

86.1

OUTPUT
1980
IV
I
I
1 5 6 . 5 J 156.3
I
|
156.31 155.0
1 1 9 . 6 } 1 17. 1
I
I
179.21 179.3
1
137.91 187.5
1
123.81 120. 6
148.9| 146. 1
2 3 1 . 8 1 233.6
!
1
1 2 9 . 0 1 130.8
1

86.11
I
I
83.6]
j
84. 8|
1
1
90.8J
1
91.4J
!
89. 3 J
97.6|
90.5|
I
I
86. 0|
I
_

II

145.1
140.6
100.6
166.0
171.9
116.4
142.1
208.3
130.0

MAY

JUNE

JULY

AUG.

SEP.

OCT.

NOV.

86.1

85.6

34.7

^2.1

73.3

75.7

73.7

74.6

76.3

78.3

79. 6

83.6

82.7

82.2

78.8

74.1

70.8

68.0

69. 1

70.2

73.0

T

84.1

82.0

83.6

77.2

70.0

67.0

58.4

62.2

63.7

70.7

5. 3

90.9

90.0

88.3

86.1

81.8

78.7

76.8

78.2

82.7

84.4

84. 3

91.2

90.3

88.5

86.0

81.3

77.1

74.5

76.4

81.4

83.8

83.9

86.6
96.0
91.2

87.2
94.4
90.1

86.8
93.0
37.9

84.6
90.7
85.2

84.5
90.8
73.3

81.8
91.6
72.7

82.0
88.1
69.6

79.5
90.2
72.5

82.0
93.0
78.5

82.3
92.6
82.1

86.2

87.0

86.5

85.8

85.3

85.8

85.6

85.2

84.2

83.7

|
|
1979
III1 _ III
1
139.11 179.8
i
1
131.31 184.3
I
86. 5] 140.3
!
1
161.91 n 5 . G
I
165.4J 203.7
1
113.4| 137.9
1 4 2 . 4 | 151.9
197.7| 253.6
I
1
129.7| 1 4 9 . 2
1. —
.

CAPACITY
1980
_ IV
_I_
1
181. 2| 182.8
I
1
185.71 187.2
I
140.6) 140.7
!
1
1 9 7 . 6 1 199.8
I
205.8! 208.3
1
138. 4| 138.8
153. 3| 154.7
256.8! 2 6 0 . 4
1
1
150.3! 151.1
-1 -

II

184.3
188.6
140.8
202.0
211.0
139.2
156.0
264.6
151.3

I
I
III]
I
185.81
1
1
190.0|
1
140.9|
1
1
204.3!
1
213.7J
1
139.6J
157.4J
268.7|
1
|
152.61
1

1979
III
87.2
86.0
90.0
90.4
90.8
89.0
96.7
89.8
85.9

UTILIZATION
1980
I
IV
I
86.3!
85.5
I
I
84.1 I
82.8
|
85.11 83.2
1
1
90.6|
89.7
1
91.21
90.0
1
89.4(
86.9
97. 1|
94.5
89.7
90.2|
I
I
85.9! 86.6
I

83.9

II

III

78.7

74. 9

74.6

69. 1

71.4

61.4

82.2

79.2

81.5

77. 4

83.7
91.0
78.7

81.2
90.5
73.5

85.6

85.0

E S T I M A T E S OF A C T U A L OUTPUT AND CAPACITY OUTPUT ARE BOTH E X P R E S S E D AS P E R C E N T A G E S OF 1967 A C T U A L OUTPUT.
E S T I M A T E S OF
CAPACITY UTILIZATION IN
PERCENT A R E C A L C U L A T E D A S R A T I O S O F ( 1 ) T H E F E D E R A L R E S E R V E ' S S E A S O N A L L Y A D J U S T E D I N D E X E S O F I N D U S T R I A L PRODUCTION TO (2) THE CORRESPONDING INDEXES OF CAPACITY.
I N D U S T R I A L M A T E R I A L S A P E I T E M S BOTH P R O D U C E D A N D U S E D A S I N PUTS B Y M A N U F A C T U R I N G P L A N T S , M I N E S A N D UTILITIES; I N D U S T R I A L M A T E R I A L S COVER M A N Y O F T H E ITEMS R E P R E S E N T E D I N T H E P P I 1 A R Y
P R O C E S S I N G G R O U P I N G OF M A N U F A C T U R I N G AS WELL AS SOME OF THE O U T P U T OF M I N E S AND U T I L I T I E S — SUCH AS I R O N ORE, C R U D E OIL, AN*)
E L E C T R I C I T Y SOLD TO I N D U S T R Y .
THE 1973 HIGHS A N D 1975 LOWS I N C A P A C I T Y U T I L I Z A T I O N , S H O W N I N TH5 T A B L E S A B O V E , A R E SPECIFIC T O E A C H SEPIES A N D M A Y OCCUP I N
DIFFERENT MONTHS.
I N D U S T R I A L P L A N T S U S U A L L Y O P E R A T E A T C A P A C I T Y U T I L I Z A T I O N R A T E S T H A T A R E W E L L BELOW 100 P E R C E N T ; NONE O F
THE BPOAD A G G R E G A T E SERIES HAS E V E R I N D I C A T E D A 100 P E R C E N T USE OF C A P A C I T Y .
CAPACITY U T I L I Z A T I O N R A T E S A V E R A G E D ABOUT 83
P E R C E N T ?OH M A N U F A C T U R I N G F R O M 1<»55 T H R O U G H 1979, AND A B O U T 85 P E R C E N T FOR I N D U S T R I A L M A T E R I A L S FOR 1967 T H R O U G H 1979.
IN
H A N H F J C T O P I N S AS A W ^ O L E , U T I L I Z A T I O N PATES AS HIGH AS 90 P E R C E N T H A V E B E E N E X C E E D E D O N L Y IN W A R T I M E .
THE P E A K RATES OP UTIL I Z A T I O N I N 1973 B S » E A S S O C I A T E D STTS S T ^ I F T C A ^ T U P W A R D P R E S S U R E O N P R I C E S .
T H E METHODOLOGY A N D THE SERIFS \V* D3SCPIBED L N F E D F H A L R E S E R V E M E A S U R E S O F C A P A C I T Y A N D CAPACITY U T I L I Z A T I O N .
REVISED DATA
ARE F n n w n I N "CAPACITY U T I L I Z A T I O N :
M M U F A C T n p T H i , A t f D M A T E R I A L S , J A N U A R Y 1967-- DECEMBER 1978." BOTH P U B L I C A T I O N S H A Y P*! O B T A I N E D 'SO* ^! P L I C A T I O N S S E R V I C E S , B O A R ? OF GOV?!?NOfcS OF THS F E D E R A L R E S E R V E S Y S T E M , W A S H I N G T O N , D.C.
20551