U.S.

Industrial Production and Capacity Utilization

by Eduardo Petazze
15/04/15
Industrial production decreased 0.64% MoM (+2.01% YoY) in March 2015 after increasing 0.10% MoM (+3.55% YoY) in February.
In March 2015, manufacturing output moved up 0.13% MoM (+2.64% YoY)
For calendar year 2015 growth of industrial production at around 3.3%, slightly more than one percentage point lower growth in 2014 is estimated.
This document summarizes the evolution of the indicator developed by the US Federal Reserve Board, with the indices of industrial production and
utilization of installed capacity. Last press release March 2015 pdf, 18 pages
2013
99.93
97.86
104.41
91.18
118.92
100.70
2013
2.88%
2.93%
4.44%
1.26%
4.73%
2.08%
Own estimate
2013
99.93
97.86
104.41
91.18
118.92
100.70
2013
2.88%
2.93%
4.44%
1.26%
4.73%
2.08%
Last data
2013
77.9%
76.7%
75.7%
77.8%
87.5%
79.6%
Last data

2014
2015
104.06 107.51
101.52 104.81
109.82 114.27
93.11
95.26
129.60 137.12
102.03 104.63
2014
2015
4.13% 3.31%
3.74% 3.24%
5.18% 4.05%
2.12% 2.32%
8.98% 5.80%
1.32% 2.55%

NSA NAICS index

Total
Manufacturing
Durable
Nondurable
Mining
Utilities
YoY
Total
Manufacturing
Durable
Nondurable
Mining
Utilities

Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15

104.93 105.52 106.10 105.40 105.38 105.31 105.34 106.89 109.19
103.51 103.23 102.46 101.01 101.94 104.05 103.88 104.79 106.30
112.45 111.78 110.42 109.26 110.51 113.81 112.59 113.79 116.14
94.49
94.57
94.36
92.64
93.27
94.24
95.05
95.68
96.38
133.72 134.06 135.10 131.36 129.85 129.04 133.39 136.32 138.31
90.75
98.11 108.41 119.26 115.25 100.28
94.96
98.77 106.18
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15
4.17% 4.88% 4.51% 4.15% 3.55% 2.01% 3.57% 4.20% 3.35%
3.81%
4.76%
4.73%
4.96%
3.39%
2.64%
3.17%
3.43%
2.39%
5.01%
5.31%
5.85%
6.01%
3.58%
2.99%
3.42%
3.56%
2.47%
2.44%
4.12%
3.47%
3.78%
3.18%
2.26%
2.88%
3.27%
2.31%
9.98%
8.88% 11.18%
8.12%
6.40%
3.84%
4.85%
5.74%
6.05%
-0.26%
1.63% -4.56% -4.23%
2.27% -3.82%
7.18%
9.96%
7.55%

2014
2015
104.12 107.52
101.60 104.81
109.96 114.26
93.12
95.29
129.64 137.05
101.98 105.00
2014
2015
4.19% 3.27%
3.82% 3.16%
5.32% 3.90%
2.13% 2.32%
9.02% 5.72%
1.27% 2.97%

SA NAICS index
Total
Manufacturing
Durable
Nondurable
Mining
Utilities
MoM
Total
Manufacturing
Durable
Nondurable
Mining
Utilities

Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15

105.14 106.31 106.22 105.79 105.89 105.22 107.09 108.08 107.34
102.66 103.85 103.86 103.25 103.02 103.15 104.10 104.52 103.84
111.54 112.74 112.41 111.80 111.18 111.38 112.48 113.58 112.84
93.67
94.86
95.19
94.58
94.72
94.78
95.59
95.36
94.73
132.26 131.99 135.11 132.85 130.66 129.74 133.77 136.02 138.22
101.62 105.27
99.96 103.22 109.14 102.67 107.96 111.37 106.94
Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15
-0.04% 1.11% -0.08% -0.41% 0.10% -0.64% 1.78% 0.92% -0.68%
0.19%
1.17%
0.01% -0.59% -0.22%
0.13%
0.92%
0.41% -0.65%
0.44%
1.07% -0.29% -0.54% -0.55%
0.18%
0.98%
0.98% -0.65%
-0.09%
1.27%
0.35% -0.64%
0.15%
0.07%
0.85% -0.24% -0.66%
-1.12% -0.20%
2.36% -1.67% -1.65% -0.71%
3.11%
1.68%
1.62%
0.44%
3.59% -5.04%
3.27%
5.73% -5.93%
5.15%
3.16% -3.97%

2014
2015
79.1% 79.4%
77.9% 78.7%
77.3% 77.9%
78.7% 79.5%
89.1% 87.1%
79.9% 81.6%

Utilization rate, SA
Total
Manufacturing
Durable
Nondurable
Mining
Utilities

Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15

79.2% 79.8% 79.5% 79.1% 79.0% 78.4% 79.6% 80.1% 79.4%
78.2%
79.0%
78.8%
78.3%
78.0%
77.9%
78.5%
78.7%
78.0%
77.7%
78.3%
77.9%
77.3%
76.7%
76.6%
77.2%
77.7%
77.0%
78.8%
79.7%
79.9%
79.3%
79.4%
79.4%
80.0%
79.7%
79.1%
88.4%
87.5%
88.9%
87.2%
85.4%
84.4%
86.6%
87.5%
88.4%
79.4%
82.2%
78.0%
80.5%
85.1%
80.0%
84.1%
86.7%
83.2%