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FEDERAL

RESERVE

statistical

J

release

•-.f^nt5f.
E.5

For immediate release
October 24. 1969.
CAPACITY UTILIZATION IN MANUFACTURING
Quarterly averages, seasonally adjusted

Year and
Quarter

Rate of capacity utilization
(per cent)
—

Total
manufacturing

1964 I

II
III
IV
1965 I

II
III
IV
1966 I

II
III
IV
1967 I

II
III
IV
1968 Ip

lip
IIIp

IVp
1969 Ip
Ilp.r
IIIp

Advanced
Primary
processing processing
industries industries

Manufacturing output and
capacity (1957-59 output = 100)
Output

Capacity

84.5
85.7
86.3
86.2

85.5
87.1
88.3
88.8

83.3
84.7
84.9
84.4

129.4
132.5
134.7
135.9

153.3
154.9
156.4
158.0

88.5
88.4
88.5
88.6

90.2
90.1
90.1
88.5

87.2
87.1
87.4
88.7

141.4
143.5
146.1
148.9

160.1
162.7
165.3
167.9

90.5
90.8
90.6
90.0

90.9
91.4
90.6
89.1

90.2
90.4
90.6
90.6

154.5
157.7
159.9
161.7

170.7
173.6
176.5
179.3

87.1
85.0
84.3
84.8

86.2
83.4
83.2
85.6

87.8
86.2
85.1
84.3

159.0
157.5
158.3
161.3

182.1
184.8
187.5
190.1

84.9
84.8
84.0
84.2

85.5
86.5
84.6
85.6

84.4
83.6
83.5
83.2

163.6
165.6
166.5
169.0

192.8
195.5
198.2
200.9

84.5
84.5
84.1

87.0
87.8
86.8

82.7
82.2
82.2

171.7
173.9
175.4

203.6
206.3
208.9

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 July 1967, pp. 1096-98. The output
index for total manufacturing divided by the capacity index for total manufacturing
may differ slightly from the utilization rate for total manufacturing shown in the
table, partly because of rounding and partly because the utilization rate is calculated as a weighted average of utilization rates for primary processing industries
and advanced processing industries.
p--Preliminary
r--revised