[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



PRODUCTION AND BUSINESS ACTIVITY


[[Page 389]]


Table B-54.--Capacity utilization rates, 1948-98
[Percent;\1\ monthly data seasonally adjusted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Manufacturing
-------------------------------------------------------------
Year or month                          Total                                Non-                               Mining     Utilities
industry      Total      Durable     durable      Primary    Advanced
goods       goods     processing  processing
--------------------------------------------------------------------------------------------------------------------------------------------------------
1948...................................................  ..........        82.5  ..........  ...........        87.3        80.0  ..........  ..........
1949...................................................  ..........        74.2  ..........  ...........        76.2        73.2  ..........  ..........

1950...................................................  ..........        82.8  ..........  ...........        88.5        79.8  ..........  ..........
1951...................................................  ..........        85.8  ..........  ...........        90.2        83.4  ..........  ..........
1952...................................................  ..........        85.4  ..........  ...........        84.9        85.9  ..........  ..........
1953...................................................  ..........        89.3  ..........  ...........        89.4        89.3  ..........  ..........
1954...................................................  ..........        80.1  ..........  ...........        80.6        80.0  ..........  ..........
1955...................................................  ..........        87.0  ..........  ...........        92.0        84.2  ..........  ..........
1956...................................................  ..........        86.1  ..........  ...........        89.4        84.4  ..........  ..........
1957...................................................  ..........        83.6  ..........  ...........        84.7        83.1  ..........  ..........
1958...................................................  ..........        75.0  ..........  ...........        75.4        74.9  ..........  ..........
1959...................................................  ..........        81.6  ..........  ...........        83.0        81.1  ..........  ..........

1960...................................................  ..........        80.1  ..........  ...........        79.8        80.5  ..........  ..........
1961...................................................  ..........        77.3  ..........  ...........        77.9        77.2  ..........  ..........
1962...................................................  ..........        81.4  ..........  ...........        81.5        81.6  ..........  ..........
1963...................................................  ..........        83.5  ..........  ...........        83.8        83.4  ..........  ..........
1964...................................................  ..........        85.6  ..........  ...........        87.8        84.6  ..........  ..........
1965...................................................  ..........        89.5  ..........  ...........        91.0        88.8  ..........  ..........
1966...................................................  ..........        91.1  ..........  ...........        91.4        91.1  ..........  ..........
1967...................................................        87.0        87.2        87.5        86.3         85.3        88.0        81.2        94.5
1968...................................................        87.3        87.1        87.2        86.6         86.1        87.3        83.5        95.1
1969...................................................        87.3        86.6        86.7        86.5         86.5        86.4        86.5        96.7

1970...................................................        81.1        79.4        77.2        82.8         79.9        78.9        88.8        96.2
1971...................................................        79.4        77.9        74.7        82.6         78.7        77.1        87.3        94.6
1972...................................................        84.4        83.4        81.4        86.4         85.5        82.2        90.3        95.2
1973...................................................        88.4        87.7        88.0        87.3         90.5        86.2        92.3        93.5
1974...................................................        84.3        83.4        83.1        83.9         85.1        82.5        92.3        87.3
1975...................................................        74.6        72.9        70.6        76.3         72.1        73.3        89.7        84.4
1976...................................................        79.3        78.2        75.7        81.8         79.2        77.6        89.8        85.2
1977...................................................        83.5        82.6        80.8        85.3         83.8        81.9        90.9        85.0
1978...................................................        85.8        85.2        84.4        86.4         85.9        84.8        90.9        85.4
1979...................................................        86.0        85.3        85.6        84.9         86.0        84.9        91.4        86.6

1980...................................................        81.5        79.5        78.4        81.0         77.2        80.8        93.4        85.9
1981...................................................        80.8        78.3        76.8        80.4         77.2        78.8        93.9        82.5
1982...................................................        74.5        71.8        68.0        77.5         68.6        73.5        86.3        79.3
1983...................................................        75.7        74.4        70.1        80.8         74.5        74.4        80.4        79.7
1984...................................................        80.8        79.8        77.6        82.9         80.0        79.7        86.0        81.9
1985...................................................        79.8        78.8        76.8        81.5         79.1        78.6        84.3        83.5
1986...................................................        78.7        78.7        75.7        82.8         79.9        78.1        77.6        80.6
1987...................................................        81.3        81.3        77.9        85.9         84.5        79.9        80.3        82.5
1988...................................................        84.0        83.8        81.7        86.4         86.8        82.3        85.2        84.9
1989...................................................        84.1        83.6        82.0        85.7         86.1        82.5        86.9        86.3

1990...................................................        82.3        81.4        79.0        84.4         83.9        80.3        89.8        85.7
1991...................................................        79.3        77.9        74.7        81.9         79.6        77.2        88.4        86.3
1992...................................................        80.3        79.5        76.7        82.8         82.3        78.3        86.4        84.5
1993...................................................        81.3        80.5        78.8        82.4         84.0        79.0        86.0        87.2
1994...................................................        83.2        82.5        81.7        83.6         87.1        80.6        87.5        87.4
1995...................................................        83.4        82.7        82.0        83.5         86.5        81.0        86.8        89.2
1996...................................................        82.4        81.4        80.7        82.2         85.1        79.8        88.5        90.5
1997...................................................        82.9        82.0        81.2        83.1         85.3        80.7        89.1        89.7
1998p..................................................        81.9        80.9        80.4        81.8         83.5        79.9        86.9        91.4

1997:Jan...............................................        82.3        81.3        80.2        82.8         84.9        79.8        88.4        90.2
Feb................................................        82.6        81.7        80.7        83.0         85.5        80.1        89.4        88.3
Mar................................................        82.5        81.7        80.5        83.3         85.4        80.2        89.9        87.1
Apr................................................        82.7        81.7        80.7        83.3         85.7        80.2        88.9        89.6
May................................................        82.6        81.6        80.6        83.1         85.4        80.1        89.9        88.5
June...............................................        82.6        81.7        81.0        82.8         85.2        80.4        89.1        88.5

July...............................................        82.9        81.9        81.3        82.9         85.3        80.6        89.2        90.4
Aug................................................        83.1        82.2        81.8        82.9         85.1        81.1        88.6        89.9
Sept...............................................        83.2        82.2        81.7        83.1         85.2        81.1        89.4        90.9
Oct................................................        83.4        82.3        82.0        83.1         85.2        81.3        89.0        92.3
Nov................................................        83.4        82.6        82.2        83.4         85.4        81.6        87.9        90.3
Dec................................................        83.4        82.5        82.0        83.4         85.4        81.4        89.0        89.9

1998:Jan...............................................        83.0        82.2        81.4        83.5         85.2        81.0        90.0        87.2
Feb................................................        82.6        81.8        81.0        83.1         84.7        80.7        89.9        86.6
Mar................................................        82.6        81.6        81.1        82.6         84.4        80.6        88.4        90.5
Apr................................................        82.6        81.7        81.1        82.9         84.6        80.7        88.2        89.5
May................................................        82.6        81.6        81.1        82.7         84.3        80.7        87.9        91.3
June...............................................        81.5        80.2        79.3        81.8         83.3        79.2        87.3        94.0

July...............................................        81.1        79.8        78.6        81.7         83.4        78.5        87.2        93.7
Aug................................................        82.0        80.7        80.9        80.9         83.1        79.9        86.3        95.1
Sept...............................................        81.3        80.1        80.3        80.2         82.1        79.5        85.2        95.0
Octp...............................................        81.4        80.4        80.6        80.5         82.4        79.8        84.6        92.7
Novp...............................................        81.0        80.1        80.0        80.8         82.3        79.5        84.2        89.9
Decp...............................................        80.9        79.9        79.8        80.6         82.4        79.2        83.6        91.3
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1Output as percent of capacity.

Source: Board of Governors of the Federal Reserve System.