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FEDERAL RESERVE statistical release G.3 (402) For immediate release January 16, 1981 CAPACITY UTILIZATION: MANUFACTURING AND MATERIALS December 1980 Capacity utilization in manufacturing increased 0.5 of a percentage point in December to 79.8 percent. Producers of industrial materials operated at 81.2 percent of capacity, up 1.0 percentage point from the November rate. These increases were smaller than in the three preceding months. The December rate for manufacturing was 4.9 percentage points above its July 1980 low; the rate for materials producers was 7.5 percentage points higher. However, the December rates for both were still nearly 7-1/2 percentage points below their highs in 1979. The utilization rate for primary processing industries rose 1.0 percentage point in December to 80.6 percent, while the rate for the advanced processing industries edged up 0.1 of a percentage point to 79.3 percent. Among the primary processing industries, large increases occurred in operating rates for producers of nonferrous metals (partly because of a further post-strike surge in output of copper), iron and steel, petroleum products, and textiles. Capacity utilization rose more moderately for paper, chemicals, and fabricated metal products industries. Among the advanced processing industries, the utilization rates for producers of both electrical machinery and instruments increased moderately again in December. In contrast, the operating rate for motor vehicles and parts producers declined sharply in December, after increasing substantially in each of the three preceding months. Producers of durable goods materials utilized 77.6 percent of their capacity in December, 1.4 percentage points above the November rate. The operating rates for producers of nondurable goods materials and energy materials both rose 0.5 of a percentage point, to 85.2 percent and 85.0 percent, respectively. MANUFACTURING PERCENT INDUSTRIAL MATERIALS 100 TOTAL 80 60 100 NONDURABLE GOODS PRHARY PROCESSMG ADVANCED PROCESSING DURABLE GOODS I I I 1968 I I 1971 I I I 1974 t 60 1977 1980 1971 1974 i 1977 l l 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 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| l_ HIGJil f 88.0| 1 1 93.8) 1 85.5| 1 1975 1979J LOM_1 DBC.I 1 69.0 84.1| 1 1 68.2 86.3| 1 69.4 82.8| L I OUTPUT 1980 I 11. MONTHLY CAPACITY UTILIZATION 1980 JAN. PBB^_ BIB. APB, H11L AUG. SEP. OCT. NOV. DEC. 80.3 75.7 74.9 75.5 76.7 78.1 79.3 79.8 83.8 80.5 75.8 72.7 70.9 72.5 75.2 77.6 79.6 BO. 6 82.2 80.1 78.6 77.4 77.1 77.1 77.7 78.5 79.2 79.3 1979 I' CAPACITY 1980 I II 1979 IV UTILIZATION 1980 I II 84.4 83.4 77.9 75.7 79. 1 86.9 85.1 76.3 72.9 79. 3 83.0 82.5 78.7 77.3 79.0 AUG. SB.P.V O.CT. NOV. DEC. 74.6 76.4 78.4 80.2 81.2 77.6 82.8 86.4 85.2 82.7 82.6 j 153.4 152.8 143.9 141.0 P R I M A R Y PROCESSING 162.5 160.5 145.0 139.6 A D V A N C E D PROCESSING 148.5 148.8 143.3 141.8 146.21 M A N U F A C T U R I N G , TOTAL JULY 83.5 I I Jili I 148.51 1 1 153.0| 1979 IV JUNE 77.6 83.9 IJI I I I" 181.7 183.3 184.8 186.3 187.1 188.5 190.0 191.5 178.9 180.5 182.0 183.5 17 L 1 187.8J 1 1 193.0| 1 185.0) III IV Industrial Material* SERIES MATERIALS, TOTAL DURABLE GOODS MATERIALS METAL M A T E R I A L S N O N D U R A B L E GOODS MATERIALS T E X . , PAPER, ft CHEN. MAT. TEXTILE MATERIALS PIPE* MATERIALS CHEMICAL MATERIALS ENERGY MATERIALS 19731 gi<?fli i 92.61 1 1 91.5| 1 98.31 1 1 94.5J 1 95.1| 1 92.6| 99.4J 95.5| 1 1 94.6| 1 1979 17 1975 LOW 1979J DSC. 1 1 69.4 86.11 1 1 63.6 83.6| 1 68.6 84.8| 1 1 67.2 90.8| 1 65.3 91.4| 1 57.9 89.3| 72.4 97.6| 64.2 90.5| 1 1 84.8 86.0| 1 OUTPUT 1980 I 11 MONTHLY CAPACITY UTILIZATION 1980 ?EB. MAR. JAN. APR, 86.1 85.6 84.7 82.1 HAY JUNE JULY. 78.3 75.7 73.7 83.6 82.7 82.2 78.8 74.1 70.8 68.0 69.1 70.4 73.4 76.2 84.1 82.0 83.6 77.2 70.0 67.0 58.4 62.2 63.9 71.5 80.4 90.9 90.0 88.3 86.1 81.8 78.7 76.8 78.2 82.7 84.4 84.7 85.2 91.2 90.3 88.5 86.0 81.3 77.1 74.5 76.4 81.6 83.8 34.2 84.9 82.0 93.9 78.7 81.8 93.5 82.1 81.6 93.7 82.5 84.1 83.2 84.5 86.6 96.0 91.2 87.2 94.4 90.1 86.8 93.0 87.9 84.6 90.7 85.2 84.5 90.8 78.3 81.8 91.6 72.7 82.0 88.1 69.6 79.5 90.2 72.5 86.2 87.0 86.5 85.8 85.3 85.8 85.6 85.2 III IV 1979 IV CAPACITY 1980 I II jll IT 1979 IV UTILIZATION 1980 I II III 85.0 IV 156.5 156.3 145.1 139.2 149.6 181.2 182.8 156.3 155.0 140.6 131.5 145.1 185.7 187.2 188.6 190.0 119.6 117.1 100.6 86.6 140.7 140.8 140.9 N O N D U R A B L E GOODS MATERIALS 179.2 179.3 166.0 161.9 175.1 197.6 199.8 202.0 204.3 206.5 90.6 89.7 82.2 79.2 84.8 TEX. , PAPER, ft CHIN. MAT. 187.9 187.5 171.9 165.6 182.3 205.8 208.3 211.0 213.7 216.2 91.2 90.0 81.5 77.5 84.3 123.8 148.S 231.8 120.6 146.1 233.6 116.4 142.1 208.3 113.4 142.9 197.9 138.4 153.3 256.8 138.8 154.7 260.4 139.2 156.0 264.6 139.6 157.4 268.7 86.9 94.5 89.7 83.7 91.0 78.7 81.2 90.7 73.6 129.0 130.8 130.0 129.6 129.11 150.3 1 151.8 152.6 86.6 85.6 85.0 MATERIALS, TOTAL D U R A B L E GOODS HATER; ALS METAL MATERIAL'S TEXTILE MATERIALS PAPER MATERIALS CHEBICAL MATERIALS ENERGY MATERIALS NOTE: 140.6 151.1 184.3 185.8 187.2 86.3 85.5 78.7 74.9 79.9 191.5 84.1 82.8 74.6 69.2 75.7 85.1 83.2 71.4 61.5 89.4 97.1 90.2 153.11 I 85.9 84.3 ESTIMATES OP ACTUAL OUTPUT AID CAPACITY OUTPUT ARE BOTH EXPRESSED AS PERCENTAGES OP 1967 ACTUAL OUTPUT. ESTIMATES OP CAPACITY UTILIZATION IN PERCENT A R E CALCULATED AS RATIOS OP (1) THE FEDERAL BBSSBfB'S SEASONALLY ADJUSTED INDEXES Of INDUSTRIAL PRODUCTION TO (2) THE COBBBSPONDING INDEXES OP CAPACITY. INDUSTRIAL BATEBIMJJ HU ITEMS BOTH PRODUCED ABD USBD AS INPUTS BY MANUFACTURING PLAITS, HIBBS A N D UTILITIES; INDUSTRIAL MATERIALS COVER M A N Y OP TRB ITBBS RBPBBSBBTBD IB TBB PRIMARY PROCESSING GROUPING OP MANUFACTURING AS HBLL AS SOBB OP TBB OUTPUT OP HIBBS ABO UTILITIES — SUCH AS IROB 01B, CBUDB OIL, AND ELECTRICITY SOLD TO IBDUSTBT. THE 1973 HIGHS ABD 1975 LOWS IB CAPACITY UTILIZATION, SROBI IV TRB TABLES ADC*'.:, ABB SPECIFIC TO BACB SBBIBS AND BAY OCCUR II DIFFERENT BOITBS. INDUSTRIAL PLAITS USUALLY OPERATE AT CAPACITY UTILIZATION EASES THAI ABB BBLL BELOW 100 PERCENT; NONE OF THE BROAD AGGREGATE SBBIBS HAS EVER INDICATED A 100 PBBCBIT USB OP CAPACITY. CAPACITY UTILIZATION RATES ATBRAGBD ABOUT 83 PBBCBBT POB MANUFACTURING FROM 1955 THROUGH 1979, ABD ABOUT 85 PERCENT POB IBDC:?ElAl UTERIALS POB 1967 THROUGH 1979. II MANUFACTURING AS A WHOLE, UTILIZATION BATBS AS BIGB AS 90 PBBCBWT HAVE fiBBI BXCSBDUD ONLY IB WARTIME. TBB PBAR RAIBS OP UTILIZATION II 1973 WERE ASSOCIATED WITH SIGNIFICANT UPBABD PRBSSUBB OB PIICBS. THE METHODOLOGY AID TBB SERIES ARE DESCRIBED II FEDERAL BJSJUJ MEASURES 21 CAPACITY AJ£ CAPACITY UTILIZATION. RBVISBD DATA ABB FOUID II "CAPACITY UTILIZATION: MANUFACTURING AID MATERIALS, JANUARY 1967—DECEBBBB 1978.** BOTH PUBLICATIONS MAY BB OBTAINED PROM PUBLICATIONS SERVICES, BOABD OP GOVBBBOBS OP THE PBDBBAL BESBBTB SYSTEM, WASHINGTON, D.C. 20551
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