Industrial production and capacity utilization annual revision and 1997 developments

In December 1997, the Board of Governors published the results of an annual revision of its measures of industrial production and capacity utilization, which cover the nation's manufacturing, mining, and electric and gas utilities industries. The revision entailed primarily the incorporation of new and more comprehensive source data, the most important of which were annual figures on industry real output in 1995 and survey information on industry utilization rates for the fourth quarters of 1995 and 1996. The revised measures show stronger growth of production and capacity and lower rates of capacity utilization since 1992 than did earlier estimates. The revised production indexes and the new source data on utilization rates implied that manufacturing capacity growth was stronger than previously estimated.Industrial productivity

Industrial production and capacity utilization: 1998 annual revision

In late 1998, the Federal Reserve published the results of an annual revision of its measures of industrial production, capacity, and capacity utilization, which cover the nation's manufacturing, mining, and electric and gas utilities industries. The revision involved both the incorporation of newly available and more comprehensive source data and, for some series, the introduction of modified methods for compiling the series. The revised figures show stronger growth of both production and capacity since 1996; however, the overall capacity utilization rate was little changed from the previous data.Industrial production index ; Industrial capacity

Industrial production and capacity utilization: historical revision and recent developments

The Board of Governors of the Federal Reserve System has completed a revision of its measures of output, capacity, and capacity utilization for the industrial sector. The primary feature of the revision is a new formulation for aggregating the indexes and utilization rates based on weights that are updated annually rather than every five years. The new formulation has been used to revise the output, capacity, and utilization rates back to 1977. It provides more accurate current estimates of developments in industrial production and capacity utilization and eliminates an earlier, small overstatement of the growth trends of production and capacity. ; The revised indexes of industrial production and capacity show slower growth, on average, than the earlier estimates while the cyclical patterns of the revised measures are practically the same as before. Both from 1977 to 1987 and from 1987 to 1996, total industrial output grew at an average pace of about 2.3 percent a year--about 1/4 percentage point less than previously estimated. The growth of industrial capacity was revised down nearly as much; consequently, the rate of total industrial capacity utilization was revised down only a fraction of a percentage point at the end of 1996. (Statistical Release G.17, "Industrial Production and Capacity Utilization.")Industrial capacity ; Industrial productivity

Industrial production and capacity utilization: recent developments and the 1999 annual revision

In late 1999, the Federal Reserve published revised measures of industrial production, capacity, and capacity utilization for the period January 1992 through October 1999. The updated measures reflect both the incorporation of newly available, more comprehensive source data typical of annual revisions and the introduction of improved methods for compiling a few series, including computer and office equipment and motor vehicles. The new source data are for recent years, primarily from 1997 on, and the modified methods affect data beginning in 1992. ; The production index for the third quarter of 1999 is at 137.7 percent of output in 1992, compared with 135.2 percent reported before the annual revision, and the capacity index is 170.7 percent of output in 1992, compared with 167.9 percent reported previously. As a result, the rate of industrial capacity utilization was revised up 0.1 percentage point, to 80.7 percent for the third quarter of 1999.Industrial production index ; Industrial capacity

Recent developments in industrial capacity and utilization

Industrial production index ; Industrial capacity

Industrial production and capacity utilization since 1990: a revision

Industrial productivity

Cyclical and secular developments in the U.S. steel industry

Steel industry and trade ; Economics

A revision to industrial production and capacity utilization, 1991-1995

Industrial productivity

Industrial production and capacity utilization: a revision

Industrial capacity ; Industrial productivity

Industrial production, capacity, and capacity utilization since 1987

Industrial capacity ; Industrial production index