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FEDERAL

RESERVE

statistical

release

For immediate release:
October 17, 1974

E.5

CAPACITY UTILIZATION IN MANUFACTURING
Quarterly averages, seasonally adjusted

Year and
Quarter
Total
manufacturing

Capacity
Utili zation
(per cent)
Primary
processing

Manufacturing Output
and Capacity
(1967 production = 100
Advanced
processing

Output

Capacity

1971
1972
1973

75.0
78.6
83.0

79.3
84.6
89.7

72.7
75.4
79.4

105.2
114.0
125 .1

140.3
145 .0
150.7

1971 I
II
III
IV

75.0
75.6
74.7
74.6

79.4
81 .1
78.0
78.6

72.7
72.7
72.9
72.4

103.8
105 .6
105 .3
106.1

138.3
139.6
141.0
142 .3

1972 I
II
III
IV

75.6
77.9
79.4
81.5

80.8
83.5
85 .9
88.3

72 .9
74.9
75.9
77.8

108.5
11.2 .5
115.5
119.4

143 .5
144.5
145.5
146.6

1973 Ipr
Ilpr
Illpr
IVpr

82 .8
83.3
83 .3
82.6

89.6
90.1
90.0
89 .0

79.1
79.7
79.7
79.2

122.5
124.8
126.2
126.7

148 .0
149.8
151 .6
153.4

1974 Ip

fcO.5
80.1
79.2

87.3
86.3
85.2

76.9
76.8
75.9

124.8
125.3
125.0

155.0
156.4
157 .9

HP
IIIp

Note—Based on data from Federal Reserve, McGraw-Hill Economics Department and
Department of Commerce . For description and back data, see Federal Reserve
Bulletin, November 1966, pp 1605-15 and also October 1971. Capacity and capacity
utilization series were revised t o utilize the 1967 base industrial production
index in October, 1971.
Current data for major materials utilization appear in FRB Statistical Release
G.12 .3
p--preliminary




^--revised