Industrial Production and Capacity Utilization for July 2001 - Statistical Data Included

Federal Reserve Bulletin, Sept, 2001

Released for publication August 15

Industrial production contracted 0.1 percent in July, its tenth consecutive monthly decline. Production in the second quarter was revised up but still fell at an annual rate of 4.2 percent. Manufacturing output, which had dropped sharply in June, was unchanged in July; utilities production declined 0.5 percent, and mining output decreased 0.6 percent. At 142.8 percent of its 1992 average, industrial production in July was 3.2 percent lower than in July 2000. Capacity utilization for total industry was 77.0 percent, a level more than 5 percentage points below its 1967-2000 average.

Industrial production and capacity utilization, July 2001

                          Industrial production, index, 1992=100

                                          2001

       Category           Apr.(r)   May(r)   June(r)   July(p)

Total                      144.6    144.2     143.0     142.8

Previous estimate          144.2    143.5     142.5       ...

Major market groups
Products, total(2)         133.8    133.6     132.7     132.8
  Consumer goods           122.1    122.6     122.2     122.8
  Business equipment       193.3    191.5     188.2     187.7
  Construction supplies    139.6    139.4     138.8     138.6
Materials                  164.1    163.4     161.5     160.9

Major industry groups
Manufacturing              149.6    149.2     147.7     147.7
  Durable                  190.1    189.8     187.3     187.5
  Nondurable               112.8    112.4     111.7     111.6
Mining                     103.5    103.8     103.1     102.5
Utilities                  120.9    119.0     120.1     119.6

                          Industrial production, index, 1992=100

                                     Percent change

                                         2001(1)

       Category           Apr.(r)   May(r)   June(r)   July(p)

Total                       -.3       -.3       -.9      -.1

Previous estimate           -.5       -.5       -.7      ...

Major market groups
Products, total(2)          -.5       -.2       -.6       .1
  Consumer goods            -.3        .4       -.3       .5
  Business equipment       -1.2       -.9      -1.7      -.3
  Construction supplies     -.6       -.2       -.4      -.2
Materials                    .1       -.4      -1.2      -.3

Major industry groups
Manufacturing               -.3       -.2      -1.0       .0
  Durable                   -.6       -.2      -1.3       .1
  Nondurable                -.1       -.3       -.6      -.6
Mining                      -.8        .3       -.7      -.6
Utilities                   -.9      -1.6       1.0      -.5

                          Industrial
                          production,
                            index,
                           1992=100

                           Percent
                           change

                          July 2000
                             to
       Category           July 2001

Total                       -3.2

Previous estimate            ...

Major market groups
Products, total(2)          -2.2
  Consumer goods             -.1
  Business equipment        -3.8
  Construction supplies     -3.6
Materials                   -4.8

Major industry groups
Manufacturing               -3.9
  Durable                   -3.7
  Nondurable                -4.1
Mining                      -2.0
Utilities                    -.4

                          Capacity utilization, percent

                                                    2000
                        Average,   Low,    High,
                        1967-00    1982   1988-89   July

Total                     82.1     71.1    85.4     82.3
  Previous estimates       ...      ...     ...      ...

Manufacturing             81.1     69.0    85.7     81.6
  Advanced processing     80.6     71.0    84.2     79.8
  Primary processing      82.2     65.7    88.3     85.6
Mining                    87.4     80.3    88.0     86.3
Utilities                 87.6     75.9    92.6     89.5

                            Capacity utilization, percent

                                        2001

                        Apr.(r)   May(r)   June(r)   July(p)

Total                    78.4      78.0     77.2      77.0
  Previous estimates     78.1      77.6     77.0       ...

Manufacturing            76.9      76.6     75.7      75.6
  Advanced processing    77.4      77.1     76.4      76.4
  Primary processing     77.2      76.7     75.6      75.3
Mining                   90.0      90.3     89.8      89.3
Utilities                88.5      86.8     87.4      86.6

                          MEMO
                        Capacity,
                         percent
                         change,
                        July 2000
                           to
                        July 2001

Total                      3.3
  Previous estimates       ...

Manufacturing              3.7
  Advanced processing      2.1
  Primary processing       6.5
Mining                    -1.4
Utilities                  3.7

NOTE. Data seasonally adjusted or calculated from seasonally adjusted
monthly data.

(1.) Change from preceding month,

(2.) Contains components in addition to those shown.

(r) Revised.

(p) Preliminary.