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FEDERAL RESERVE statistical release
G.3 (402)
For Immediate release
CAPACJTY UTILIZATION
Manufacturing, Mining, Utllittoa, and Industrial Materials
November 16, 1984
Capacity utilization in manufacturing, mining, and utilities edged
down 0.2 percentage point in October to 81.8 percent—the third consecutive
monthly decline. The rate for the mining sector declined most while manufacturing and utilities decreased only slightly. Unlike the utilization
rates in mining and utilities, the manufacturing rate remained above its
1967-82 average.
In October there was no consistent pattern in utilization rate
changes. The capacity utilization rate for automobile production moved up
modestly from its low September value, but the motor vehicle and parts
industry as a whole declined a percentage point its utilization rate because
of a sharp cutback in truck production. The utilization rate for electrical
machinery also declined while rates for petroleum products and metals showed
increases after recent weakness.
The materials utilization rate decreased, reflecting declines in
both the energy materials and durable goods materials rates.
Capacity Utilization: Summary
Percent of capacity, seasonally adjusted
Series
1973
HIGH
1975
LOU
1978
-80
BIGH
1982
LOW
1967
-82
AVEB.
JULI ;
AUG
198 4
!
1
OCT
88.4
71.1
87.3
69.6
82.4.
82.7
82.6
8-.
81. a
Manufacturing
Durable
Nondurable
87.9
87.9
89.1
69.0
67.6
71.0
87.5
89.4
87.2
68.8
64.8
73.8
81.8.
80.5.
83.9.
82.8
82.7
82.9
62.8
83.0
82.6
82. 2
82. 4
62. c
82.1
82.2
82.0
Mining
Utilities
91.8
94.9
86.0
82.0
90.4
66.8
69.6
79.0
86.5.
88.6.
78.3
84. 1
77.4
83.3
77. 3
82. 9
74.4
82.8
92.6
69.3
€8.9
66.6
83.3.
83. 1
83.3
82. 4
81.9
Total Industry
Industrial Materials
CAPACITY UTILIZATION
OCTOBER DATA
SEASONALLY ADJUSTED. PERCENT
110
TOTAL INDUSTRY
TOTAL MATERIALS
90
70
50
110
MMING
UTILITIES
90
V
MANUFACTURING
70
50
110
MANUFACTURING
REFINED PETROLEUM
PRODUCTS
90
NONDURABLE
70
50
I
i
1972
1975
I
|
110
MOTOR VEHICLES
AND PARTS
90
70
50
30
1969
1972
1975
1978
1981
1984
1969
1978
1981
1984
MANUFACTURING, MINING AND UTILITIES
TaMe1
Capacity Utilization
Monthly, asaaonally adluatad, percent of capacity
1973 | 1975 | 1978 | 1982 1 1967 | IEAB |
Seriea
HIGH | LOU
LOU
j -80
-82
| AGC 1
ATEB.jLJKJ1TBJ
HIGB i
78.7
1984
FIB 1
BAB |
APB 1
HA1 1
J0ME|
J0LII ~AUG |" SIP |
cci~
80.7
80.9
81.3
6 1 . !>
62.1
82.7
6 1.8
82.6
82. C
82.8
62.6
62.2
82.1
62.3
83.0
82.3
63.1
81.7
82.5
€1.8
62.2
81.7
77.9
72.0
83.3
76.7
78.2
91.4
85.7
79.6
74.6
80.0
82.7
78.3
66.4
65.2
77.6
80.2
93.1
87.5
80.8
76.5
80.9
63.0
78.4
67.7
85.7
77.3
61.3
92.5
87.7
77.9
76.6
81.1
82.4
77.3
66.4
64.2
76.8
81.3
92. 3
82.7
70.0
76.9
81.1
62.2
7t.9
61.7
SI.4
ei.7
71.2
77.^
81.1
1
2
1
7
72. 3
80.2
95. 7
82.9
80.5
64.9
96.7
73.2
80.1
97.1
82.9
80.2
84.1
97.5
73.4
78.5
96.6
82. t
79.e
84.3
97.4
73.2
78.5
96. Q
82.0
62.0
82.6
97.3
72.6
77.7
94.5
Total Industry
8 8 . 4 j 7 1 . 1 j 8 7 . 3 | 6 9 . 6 I 82.4 !
Manufacturing
87.9 | 6 9 . 0 1 € 7 . 5 | 68.8 | 81.8 | 78.9 !
60.9
81.0
81.5
8 1 . '1
82.2
93.7 | 6 8 . 2 I 9 1 . 4 I 6 6 . 2 I 84.0 | 80.4 |
85.5 | 6 9 . 4 J 8 5 . 9 J 7 0 . 0 ] 80.6 j 77.9
82.2
80.4
82.2
80.6
82.2
81.0
62.<I
81.2
82.6
81.9
80.4
80.1
79.0
78.7
72.3
71.3
81.2
81.6
73.9
74.9
73.7
74.0
91.1
91.4
86.1
86.6
83.3 ' 84.1
73.1
72.9
77.7
78.0
60.9
78.4
71.5
85.4
75.1
75.3
91.9
84.4
79.2
73.6
78.6
81.( 3
76.15
7 1 . !5
83. 9
75. <3
76. «J
9 1 . ,I
64.' 7
77.' »
73.. J
78. 3
Primary processing
Advanced processing
Durable manufacturing
Stone, clay and gtaas products
Iron and steel, subtotal
Nonferrous metals, subtotal
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Motor vehicles and parts
Autos
Aerospace and mtac. trans, aqp.
Instruments
Nondurable manufacturing
Foods
Textile mill products
Paper and products
Chemicals and products
Petroleum products
Rubber and plaatlcs products
Mining
Utilities
Electric utilities
87.9
88.0
103.3
99.0
86.3
88.3
88.7
98.7
*A
76.0
89.6
j
|
|
|
|
j
|
|
1
I
67. 6 I
8 j 80.5 j
64.0
69. 2
60. 8
65. 7
71. 8
62. 3
51. 3
0
8
1
7
6
7
89. 4 j 64.
90. 4 I 63.
S7. 5 1 3 8 .
98.2 i 6 2 .
90. 0 1 60.
e3. i i 6 1 .
90. 6 I 74.
94. 5 | 46.
91. 6 I 35.
IA
68. 0 1 93. 9 I 69.
73.
92. 3
73, 7
j
I
I
|
I
!
1
76.5
75.3
70.2
77.5
71.0
69.1
87.5
1
79.0
77.2
MA
8 I
1 i 7 8 . 1 | 69.6
75.5
1 i 83.5
1
I
1
I
I
|
78.4
82.3
83.8
79.6
79.8
80.0
78.6
1
|
1
|
1
|
|
!
1
1|
{|
1
|
|
1
I
j|
|
|
|
|
|
|
|
|
81.8
76.8
86.9
99.0
71.6
79.5
93.1
81.8
79.1
87.4
97.1
71.6
79.3
94.0
62.3
79.9
85.0
,96.0
72.5
79.4
94.6
91.8 | 66.0 | 90.4 | 6 9 . 6 | 86.5 I 71.5 |
74.9
74.7
74.3
75. 4
76.6
78.3
77.4
77.3
74.4
85.0
83.6
64. 7
83. 1
85.4
84.0
84.1
82.3
83.3
61.3
82.9
80.9
62.8
fcC.6
89.1
85.7
95.4
96.7
86.2
99.1
97.4
87. 2
71. 0
77..2
I 61 , 3
| 69,. 1
1 65 . 9
| 84 . 6
1 62 . 1
83.9
j 83.3
86.2
| 89.6
1 78.7
I 69.6
I 88.3
73. 8 I
2 I
E 85.
3 1
! 95! 1 |
! 63. 6 |
I 93.0 1
I 91.5 1
76. 5
73. 0
64. 2
64. 0
7 1 5.
74. 0
!
I
I
I
I
I
I
81.8
78.3
91.2
96.8
73.4
76.5
91.9
94.9 1 82 . 0 | 66. 8 1 79. 0 I 88.6 I 83.3 |
97.6 1 82 . 1 | 87. 0 I 77. 9 I 89.8 I 82.1 |
i
1
I
1
82.5
81.0
€4.0
82.6
62.
80.
85.
96.
79.1
Table 2
Output, Capacity, and Capacity Utilization
Quarterly, seasonally adjusted
Sarlaa
1983
111
I?
I
II
Total Industry
151.8
155.51 159.8
163.1
Manufacturing
152.8
156.51 161.0
164.4
152.8
152.8
156.4|
156.1|
I
143.6|
152.8)
79.21
116.6)
128.21
161.81
200.01
154.21
132. 1|
103.01
163.5|
I
174.6|
157.5|
146.5|
171.21
225.01
Primary processing
Advanced processing
Durable manufacturing
Stone, clay and glass products
Iron and steel, subtotal
Nonferrous metals, subtotal
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Motor vehicles and parts
Autos
Aeroapace and misc. trmns. aqp.
Instruments
139.1
148.5
75.0
110.9
125.4
156.6
191.1
145.8
132.3
99.2
161.5
Nondurable manufacturing
Foods
Textile mill products
Paper and products
Chemicals and products
Petroleum products
Rubber and plastics products
172.7
159. 1
147.6
168.0
220.9
124.2
304.6
Mining
116. 1
Utilities
Electric utilities
178.2
203.6
I
IIII
165.71
I
167.3J
I
162.51
169.81
I
157.5|
160.61
76.5|
126.2J
140.11
188.7|
221.71
166.51
131.41
114.31
177.3J
1983
III
II
mi
1983
III
I
197.5
201.0
202.51
77.4
195.3
198.6
195.81 196.5 197.2
199.7] * 0 1 . 1 203.0
78.3
76.9
186. 1
201. 1
120. 1
148.4
178.3
229.6
225.9
191.7
167.8
145.2
215.1
166.6|
201.9)
120. 1|
I4d.4|
179.01
2J1.0|
^27.4|
190.7|
167.81
146.31
216.2|
I
215.01
201.7)
163.01
177.4|
312.11
161.31
338.51
196.01
204.9|
I
190.4|
205.91
114.51
148.4)
181.4!
233.1J
239.31
193.81
172.31
149.0|
218.8|
162.5
165.2
150.2
159.5
83.7
119.0
133.1
170.8
209.4
165.5
141.2
106.8
168.7
153.6
160. 1
83.7
124.9
136.9
178.6
215.0
163.4
134.5
109.4
172.4
176.7
160.2
143.2
174.2
223.8
124.5
319.8
180.1 181.41 213.9
( 200.2
164. 1
140.4 139.61 163.2
173.7 176.91 176.9
229.1 231.21 309.4
127.4 124.01 162.1
334.4 340.4| 337.7
178.4! 179.2
203.01 203.8
1
1984
I
IT
I
197.31 198.4
I
I 9 6 . 4 | 199.5
196.4
160.5
161.7
I
121.01 124.2
I
I
CAT A CITTf
OUTPUT
1984
125.1
128.91 165.4
183.1
208.0
180.91 211.1
204.51 243.0
I
I
199.7
2C1.1l
77.3
187.8 189. 1
203. C 204.4
119.0 116.7
148.4 148.4
179.8 180.6
222. C 232.6
230. 4 234.9
190.9 192.3
166.7 170.5
147.2 148.1
217. 1 217.9
216.5
203. 1
163.7
178.5
314.0
160.4
342.3
165.51 165.7
I
212.4| 213.8
244.91 246.9
216.2
204.6
165.2
180.1
315.1
159.4
349.1
165.9
215.3
246.9
74.7
73.8
62.5
74.7
70.3
66.2
84.7
76.1
78.8
66.3
75.1
80.7
1 7S.5
166.71 90.4
161.6| 95.0
316.31 71.4
158.5J 76.6
355.81 90.2
1
166. 14 70.2
I
216.8) 84.4
251.0J 83.8
220.01
UTHIZATIC*
1984
IT
I
I
78.8( 60.5
1
78.9|
80.7
I
61.7
79.9|
78.21 80. 3
J
79.9
76.9|
78.5
75.7|
66.01 70.4
78.6) 80.2
71.61 74.0
73.6
70.0|
87.9J 9C. 8
do.ej 86.6
78.7| 83.6
70.4| 72.6
75.71 77.7
81.31
78.1}
89.8]
96.51
72.11
75.1|
91.91
I
73.1|
I
84.0J
62.81
II
61.7
€2.4
81.6
€2.6
82.4
81.4
61.2
78.3
71.7
84.2
75.8
*76.6
91.5
84.9
78.9
73.6
79. 1
€2.1
e:.9
82.7
76.0
66.8
85.0
77.2
81.0
92.6
es.9
7fc.2
76.7
61.0
€2.5
81.6
78.9
87.5
97. (
71.3
77.6
93.4
82.5
60.2
85.0
96.5
72.7
79.9
95.8
€2.7
S7.4
73.1
78.2
S5.7
75.C
75.4
17.6
83.8
82.5
85.0
83.6
€3.4
81.5
INDUSTRIAL MATERIALS
Tab* 3
Capacity Utilization
Monthly, aeaaonatly adjusted, percent of
Series
irty
1973 | 1975 | 1978 | 1982 | 1967 I TEAB
BIGH | LOM | -80
! LOi J - 8 2 1 AGC .1 1^64,
I
I BIGH
1 A? IB. L BOITHJ1 TIB |
92.6
I
|
APE |
BAY |
JOREI
JOLII
ALG
SIP 4
CC1
82.7
82.9
63.1
63. 3
62. 4
ei. 9
I 6 6 . 6 I 83.3 1 7 9 . 5 I 8 1 . 9
82.2
82.5
i 88.4 I 5 9 . 8 | 7 9 . 7 I 7 6 . 1 I 80.5
68.9
69.3
I
HAG
i
91.4
63.5
80.7
81.5
81.5
82.0
82.5
83. 0
61. 9
81. 6
Metal materials
97.8
68.0
95.4
| 46.2 I 62.2 | 68.0 I 71.1
71.5
73.0
72.2
72.1
70.8
71. 7
69. 0
ts. 4
Raw steel
Aluminum
107.1
96.8
68.0
73.4
102.9
97.9
72.6
84.3
74.5
85.7
74.2
67.0
66.9
86.6
66.2
83.6
62. 9
t
62.
62. 5
81. 0
94.4
67.4
91.7
83.6
83.2
83.9
63.3
83.0
e2. 9
82. 2
62. 2
95.1
65.4
92.3
I 40.2 1 64.8 I 67.5 I 74.0
! 57.9 | 90.6
75,1 1 6 2 . 0
|
|
I
84.1
70.7 | 6 6 . 5
83.0
1
1
84.1
82.8
66.6 i 8 6 . 5
83.1
82.7
83.3
62.6
82.5
82. c
81. 4
81. 4
Durable goods materials
Nondurable goods materials
Textile, paper, and chemical materials
Paper materials
Chemical materials
Energy materials
72.4 ,
99.4
95.5 , 64.2
S7.9
91.3
86.3
64.0
99.4
93.4
1 8 5 . 1| 7 9 . 7
99.0
78.6
96. e
79.5
98.5
78.9
99.8
79.0
99.8
78.4
101.5
77.9
99. 7
78. 1
100. 0
77. 0
94.5 | 84.4 i
88.9
78.5 1 6 8 . 5 | 81.4
84.1
84.1
84.5
84.3
85.0
85.3
84. 6
84. 1
62. 0
Table 4
Output, Capacity, and Capactyr Utilization
Quarterly, seasonally adjusted
Series
1983
III
OUTPUT
1964
If
I
II
Industrial Materiel*
149. 9
1
154. 3| 158.8
1
Durable goods materials
144. 2
I
150.3| 157.6
162.0
97.3
100.3
i
Metal materials
89. 3
Rew steel
Aluminum
72. 7
119. 0
9 3 . 6i
•
I
82. 8 | 84.5
128. 6| 137.5
162.1
83.1
144.9
i
l
Nondurable goods materials
Tsxtlle, paper and chemical materials
Paper materials
Chemical materials
Energy materials
179. 1
4
183. 5 | 183.7
•
186.6
188. 0
193.21 193.2
195.9
162. 8
227. 8
167. • 165.8
235. 4 | 236.7
i
127. 4
0|
1
127. 61 131.2
1
168.5
240.4
132.4
1
1
IIII
1
163.5| 193.4
1
1
164.6| 196. C
97.24 139.6
•
7 1 . 6 | 118. e
138.14 167.7
186.31
1
195.61
I
171.2J
239.34
1
219.6
231.6
166.9
298.3
133.0| 154.7
1
Definition. This release contains estimates of output, capacity, and capacity utilization for the
nation's factories, mines, and electric and gas utilities. Estimates of actual output and capacity output are expressed as percentages of 1967 actual output. Estimates of capacity utilization
are calculated as ratios, In percent, of the Federal Reserve's seasonally adjusted indexes of industrial production to the Indexes of capacity. The capacity indexes are based on a variety of
data, including capacity data in physical units, surveys of capacity growth and utilization rates,
and estimates of capital stock growth, instead of a formal definition of capacity the concept of
prectical capacity is applied, which is the greatest level of output that a plant can maintain
within the framework of a realistic work pattern, taking account of normal downtime, and
assuming sufficient availability of inputs to operate machinery and equipment In place. When
the capacity Indexes for individual industries are aggregated—for example to total manufacturing—no explicit account is taken of possible general equilibrium constraints such aa emerging
industry bottlenecks.
Groupings. Estimates of capacity and industrial production for manufacturing Industries are
aggregated to primary processing and advanced processing Industries, to durable and nondurable manufacturing industries, and to total manufacturing. The mining, manufacturing, and
utilities estimates aggregate to the total index, industrial materials are items produced and used aa inputs by manufacturing plants, mines, and utilities. Industrial materials include many of
the items included in the primary processing grouping of manufacturing, aa well as some of the
output of the advanced processing Industries, mines, and utilities—such as Iron ore, crude oil,
semiconductors, and electricity sold to Industry.
1983
III
CAIACIII
1984
IV
1
4
1 9 4 . 0 | 194.7
1
1 9 b . 5 | 197. 1
we. 3
199.5|
73.6
OILLIZAlICi
1984
I?
I
4
81.6
79.6|
1
1
76.54 79.9
1 3 9 . 6 | 139.1
138.5
137.9|
63.9
67.2]
70.0
72 . 4
70. 5
4 117. 1
167^71 167.7
114.6
167.7
16717|
61.2
70.9
69.9|
76.74
72.2
62.0
72 . 5
66 • 4
63. 6
62. 3
221.8
223.4
1
1
225.2|
81.5
83.24
82.8
63 . 5
62. 7
234.2
236.2
81.2
63.04
62.5
82 . 9
ei. 1
168.5
302.3
169.5
305.2
97.5
76.4
99.8|
78.3|
96.4
76.3
99 . 4
78
ICC. 4
77. 7
82.3
1
J
82.34
1
64.2
84 . 6
64. 7
4
II
195.9
i
1
220.61
1
232.74
1
167.7J
300. 1J
4
155.3J 155.8
1
1
1
IIII
4
197.21
4
1
238.24
1
170.51
308.01
1983
III
77.5
1
157.01
III
82 . 7
£2. 9
81 . 7
£2. 5
4
i
4
156.4
II
Perspective. The historical highs and lows in capacity utilization shown in the tables above are
specific to each series and did not ail occur In the same month. Industrial plants usually
operate at capacity utilization rates that are well below 100 percent: none of the broad aggregates has ever reached 100 percent. For mining, manufacturing, and utilities as a whole, and
for total manufacturing, utilization rates as high as 90 percent have been exceeded only in wartime.
Revisions. The first estimates for a month are published about the 17th of the following month.
These estimates may revise in each of the next three months as new data become available.
After the fourth month no further revisions are undertaken until an annual or benchmark revision. The median of the revisions in the total manufacturing utilization rate between the first
and fourth estimate is 0.3 of a percentage point; that is, in about half of the cases, the absolute
value of the revision from the first to the fourth estimate is less than 0.3 of a percentage point.
Sources. The methodology used to estimate the series is discussed in New Federal Reserve
Measure; of Capacity and Capacity Utilization, Federal Reserve Bulletin, July 1983. Revised
data from 1967-82 are included in the statistical supplement to the July 1983 capacity utilization release, which may be obtained from Publications Services, Board of Governors of the
Federal Reserve System, Washington, O.C. 20551.
Mounding. The rounding algorithms applied to the capacity, output, and utilization rate series
are independent. Aggregates are derived from unrounded detailed components.
aea schedule for 1964. Approximately 11 a.m. on February 16, March 16, April 16, May 16,
June 18, July 16, August 16, September 17, October 17, November 16, and December 17.
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