INDUSTRIAL CAPACITY UTILIZATION- MINING, UTILITIES, AND MANUFACTURING

INDUSTRIAL CAPACITY UTILIZATION- MINING, UTILITIES, AND MANUFACTURING

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Industrial Capacity Utilization - - Mining, Utilities, and Manufacturing (annual data, seasonally adjusted)

Industrial Capacity Utilization - - Mining, Utilities, and Manufacturing (annual data, seasonally adjusted). If you are a user with a disability and cannot view this image, please call 800-853-1351 or email answers@bts.gov for further assistance.

Industry capacity utilization rates measure the intensity of production given current available capital and indicate the potential for short-term expansion. Changes in industry capacity utilization rates describe the changes in the relation between supply and demand. Since capacity changes much slower, short-term changes in utilization reflect primarily changes in demand and the availability of labor. In a period of fast growth, capacity utilization would be high, while in a period of slowdown, it would be low. In the long-run, firms may adjust the amount of capital to respond capacity shortages or capacity under utilization.

Industrial Capacity Utilization Aug-02 Sep-02
Utilities (percentage) 86.36 88.19
Utilities percent change from previous month -2.81  2.13
Mining (percentage) 85.30 84.37
Mining percent change from previous month  0.61 -1.09
Total rate (percentage) 76.02 75.88
Total rate percent change from previous month -0.39 -0.19
Manufacturing (percentage) 74.41 74.16
Manufacturing percent change from previous month -0.25 -0.34

NOTES: The three Major Industry Groups are manufacturing, utilities, and mining. There is more information at the Federal Reserve Board's web site: http://www.federalreserve.gov/Releases/G17/sdtab1.pdf.

Mining includes components of two-digit (Standard Industrial Classification) SIC group 10-14. Utilities includes parts of SIC group 49. Manufacturing is also available broken down between durable and nondurable. Durable manufacturing includes measurements from SIC groups 24, 25, and 32-39; nondurable manufacturing includes measurements from SIC groups 20-23 and 26-31. The North American Industrial System (NAICS) will be used starting with the 2002 revision. There is more information at the Federal Reserve Board's web site: http://www.federalreserve.gov/Releases/G17/sdtab1.pdf.

The Federal Reserve Board constructs estimates of capacity and capacity utilization for industries in manufacturing, mining, and energy. A capacity utilization rate is equal to a specified output index divided by the corresponding capacity index. The Federal Reserve Board's capacity indices are designed to quantify the concept of sustainable maximum output within a given industry. Sustainable maximum output is the highest level of output that a plant can maintain within the framework of a realistic work schedule, taking both into account normal downtime and assuming sufficient availability of inputs to operate the capital in place.

Data from June to September 2002 are preliminary.

SOURCE: Federal Reserve, "Industrial Production and Capacity Utilization" Statistical Release; Oct. 17, 2002; available at: http://www.federalreserve.gov/releases/g17/download.htm.