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FEDERAL RESERVE statistical release G.3 (402) For immediate release May 19, 1980 CAPACITY UTILIZATION: MANUFACTUR April 1980 \ND MATERIA] Manufacturers operated at 81.0 percent of capacity in April, down 2.0 percentage points from March and 5.7 percentage points from the utilization rate in the first quarter of 1979. The utilization rate for industrial materials declined 2.3 percentage points in April to 82.2 percent; this compares with the high rate of 88.0 percent in the first quarter of 1979. Within manufacturing, the declines in capacity utilization rates again were widespread among industries. The rate for primary processing industries fell 2.4 percentage points further in April and the rate for advanced processing industries fell 1.7 percentage points further. The utilization rate in the motor vehicle industry has fallen by approximately 40 percent from its high in late 1978. Rates for metals, rubber and plastics products, lumber, stone, clay, and glass, and petroleum refining have declined by more than 10 percent from highs which in most cases also were reached more than a year ago. Utilization rates have eased recently, in the aircraft, machinery, textile, paper, and chemical industries, with cumulative declines between 3 and 6 percent. Producers of durable goods materials operated at 79.1 percent of capacity in April, down 2.9 percentage points from .March, while the utilization rate for nondurable goods materials fell 1.9 percentage points and energy materials 0.6 of a percentage point. MANUFACTURING PERCENT INDUSTRIAL MATERIALS 100 ENERGY TOTAL 80 60 100 NONDURABLE GOODS PRIMARY PROCESSING 80 ADVANCED PROCESSING 60 1968 1971 1974 1977 1980 1971 1974 1977 1980 OUTPUT, CAPACITY AND CAPACITY UTUZATOM Output and Capacity are P*rcanta0ae of 1967 Output; Capacity Utilization is a Par Cant of Capacity. Manufacturing • MONTHLY CAPACITY UTILIZATION SERIES J 1 M A N U F A C T U R I N G , TOTAL P R I M A R Y PROCESSING ADVANCED PROCESSING i ! 19731 1975 I 88. 0| 1 1 93.8| 1 8'j . 5 1 1 1 979 MIT JUFF. JT T Y AP-^c SEP. OCT* KC V * ni?c» J&I:"« FED. HAr. APR. 69.0 85.3 86.3 86.2 86.1 84.9 85.3 84.9 8U.6 84.3 84.4 83.9 83.0 81.0 68.2 87.8 98.0 87.9 88.9 87.7 87.3 86.8 86.7 85.8| 86.3 84.6 83.5 81-1 83.4 83.4 82.6 80.9 IV 1980 I 69.4 I 83.8 85.5 85.2 MANUFACTURING, TOTAL 153.4 84.6 83.3 84.2 63. 3| 83.4 83.9 1 OUTPUT 1979 I 1980 . .IP.BI- THIGHI II III | 19801 II IV ! 153.1 153.3 P R I M A R Y PROCESSING 162.1 161.9 163.4 ADVANCED PROCESSING 148.7 148.5 148.1 CAPACITY 1979 I II III 1 153.01 152.7J 176.9 1 1 I 1 161.81 160.1| 182.7 I 1 148.2| 148.71 173.8 1 1 178.2 179.5 184.2 185.7 175.0 176.2 1 1980| 11 IV 1 180.81 182.31 1 1 1 1 187.2J 188.7| 1 1 177.4J 178.81 | 1 UTILIZATION 1979 I II III 1 84.6| 1 1 86.41 1 83.6| 1 86.7 85.9 G5.4 88.7 87.9 88.0 85.6 84.8 84.0 1980 JAN. FEB. MAR. APR. 86.0 85.2 84.5 82.2 79.1 83.8 84.8 83. 1 NHtartWUM* MONTHLY CAPACITY SERIES HATEBIALS, TOTAL DURABLE GOODS MATERIALS METAL HATEBIALS NONDURABLE GOODS MATERIALS T E X . , P A P E R , & CHEH. H A T . TEXTILE H A T E R I A L S P4PER HATERIALS CHEMICAL HATEBIALS ENERGY HATERIALS 19731 HIGHI 1 92.61 1 1 91.5| I 98.21 1 1 94.51 1 95.1| 1 92.6| 99. 4f 95.51 1 1 94.61 1 1975 ;ow 69.4 63.6 68.6 67.2 1979 APR. 1 MAY 87.0 87.4 DURABLE GOODS HATERIALS HETAL MATERIALS NONDURABLE GOODS MATERIALS T E X . , PAPER, £ CHES. MAT. TEXTILE M A T E R I A L S PAPER M A T E R I A L S CHEMICAL M A T E R I A L S ENERGY M A T E R I A L S JOLY A U G . SEP. OCT. DEC.I NOV. 87.6 87.9 86.9 86.8 86.6 86.01 86.4 85.4 86.3 86.9 87.3 85.5 85.2 84.7 83.9 83.4| 38.2 87.0 90.4 92.4 89.8 88.4 85.1 84.7 84.21 90.1 90.1 90.4 85.6 89.8 89.2 89.6 90.0 1 1 83.6 82.4 82.0 83.7 81.6 82.9 91.0 89.7 88.2 86.3 36.2 1 1 I 90.7| 1 65.3 90.0 90.2 89.9 90.2 90.7 91.1 91.0 91.0 91.11 57.9 72 «ft 64.2 85.3 94.3 90.1 86.5 93.6 9-1.2 89.4 94.1 89.1 88.8 97.3 88.8 87.5 97.4 89.8 90.3 98.1 89.7 90.0 98.2 89.5 89.2 97.9 89.8 89.5| 97.51 90.1| 84.8 87.2 86.6 86.8 87.1 86.1 86.2 86.3 87.2 86.2| 91.2 89.6 88.3 88.4 96.0 90.8 88.5 91.5 89.4 86.8 91.5 87.8 85.4 85.8 85.7 85.1 IV 1980 I 1 1 | 1 1979 HATERIALS, TOTAL JUNE 1 OUTPUT I UTILIZATION II III 155.5 155.6 156.6 158.4 157.7 158.7 124.7 124.3 126.9 172.2 173.4 175.7 179.1 181.3 184.3 118.2 136.9 222.7 119.6 140.7 224.8 122.4 147.0 226.6 127.9 128. 1 128.3 IV 1 156.31 1 1 156.31 1 119.5| I I 178.31 1 186.91 I 1.23.71 148.4| 230.21 1 ! 129.1| 1 I 1980| 11 1 155.61 1 1 155.2| 1 117.0| I I 178.61 1 186.0| I 121.71 142.2) 231.8| 1 1 128.31 1 CAPACITY 1979 I 176.7 II III 178.1 179.5 184.5 181.5 183.0 139.8 140.3 140.7 191.7 193.5 195.3 203.2 199.4 201.3 136.9 148.6 247,2 137.3 137.7 149.6 150.6 250.3 253.3 146.7 147.5 148.3 IV 1 181.01 1 1 186.0| 1 141 . 1 I 1 197.31 1 205.31 1 138.11 151.6J 256.31 1 1 149.2| j I 1980| II 1 182.51 1 1 187.71 1 | 141.51 1 1 199. 1 1 1 207.31 1 1J8.5J 152.91 259. 4 J 1 1 149. PI \ 1979 UTILIZATION I II III 88.0 87.3 87.2 87.3 86.2 86. a 89.2 88.5 90.2 89.8 89.6 89.9 89.8 90.0 90.7 86.3 92.1 90.1 87.1 94.0 89.8 88.9 97.f 89.5 P7.1 86.9 86.5 1 86.31 85.2 1 1 84.0| 82.7 1 84.71 82.7 1 1 90. 41 89.7 J B9.7 91.01 1 87.9 89.61 97.9| 93.0 89. 4 89.8| 1 | S5.6 36.6! 1 ESTIMATES 01 ACTUAL OUTPUT A N D CAPACITY OUTPUT ARE BOTH EXPRESSED AS PERCENTAGES CF 1967 A C T U A L OUTPUT. ESTIMATES OF CAPACITI •J'l.'LIZATION IK PERCENT ARE CALCULATED AS RATIOS OF (1) THE F E D E R A L R E S E R V E ' S SEASONALLY ADJUSTED I N D E X E S OF ITJD17ST R I A L PRODUCTION TC (2) THE CORRESPONDING INDEXES OP CAPACITY. I N D U S T R I A L M A T E R I A L S A R E ITESS BOTH PRODUCED A M D 3SED AS IKPUTS BY ffANUFLCTURING PLANTS, MINES AND 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 OF 1HE ITEMS REPRESENTED IN THE P R I R A R Y PEOCESSli?C GROUPING OF B A N C F A C T U R I N G AS HELL AS SOHE OF THE ODTPUT OF M I N E S A N D U T I L I T I E S — SUCH AS IRON ORE, CSCDE OIL, AND TOLD TO I N D U S T R Y . THE 1973 KTSI.T AND 1S7S LOBS IN CAPACITY U T I L I Z A T I O N , SHOHH IN THE T A B L E S ABOVE, AFE SPECIFIC TO EACH SERIES AND MAY OCCUR 1 DTFFEEEKT BGLTHS. I H L U S l t l A L PLANTS USUALLY O P E R A T E AT CAPACITY U T I L I Z A T I O N R A T E S THAT ARE WELL BELOB 100 P E R C E N T ; N O N E OF THE BROM- AG(>?-EGATE S E R I E S KAS EVES INDICATED A 100 PERCENT USE OF C A P A C I T Y . C A P A C I T Y O T I L I Z A T T O N RATES A V E R A G E D A B O U T 83 PERCENT FC?l r.;.NUF A C T U R T N G FROM 1955 THROUGH 1978, AND ABOUT 85 PERCENT FOE 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 M A N U F A C T U R I N G AS A W H C L E , U T I L I Z A T I O N RATES AS HIGH AS 90 PERCENT HAVE B E E N EXCEEDED ONLY IN W A R T I M E . THE P E A K R A T 3 S OF "TI LIZATION IB- 15 73 BERE ASSOCIATED WITH S I G N I F I C A N T U P i A H D P R E S S U R E ON PRICES. THE METHODOLOGY A N D THE SERIES ARE DESCPTBED IN FED*£ftL S.ESSRVE MfiSHElS OT CA_P,V:;m £ND CA^ACITT U T I L I Z A T I O N . R E V I S E D DP.TA ARE FOUNT; IK " C A P A C I T i U T I L I Z A T I O N : M A N U F A C T U R I N G AND HATERIALS, J A N U A R Y 1967--DBCENBER 1978. " BOTH PUBLICATIONS MAY BE 0?T A I N E D FRCF. P H B L I C A T I O N S SERVICES, BOARD OF G O V E R N O R S OF THE FEDE.RAL R E S E R V E SYSTEM, W A S H I N G T O N , D.C. 20551
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