FEDERAL RESERVE statistical release

[Pages:19]FEDERAL RESERVE statistical release

G.17 (419) INDUSTRIAL PRODUCTION AND CAPACITY UTILIZATION

For release at 9:15 a.m. (EST) January 14, 2022

Industrial production declined 0.1 percent in December. Losses of 0.3 percent for manufacturing and 1.5 percent for utilities were mostly offset by a gain of 2.0 percent for mining. For the fourth quarter as a whole, total industrial production rose at an annual rate of 4.0 percent. At 101.9 percent of its 2017 average, total

(over)

Industrial Production and Capacity Utilization: Summary

Seasonally adjusted

2017=100

2021

Industrial production

Julyr Aug.r Sept.r Oct.r

Nov.r

Dec.p

Percent change

2021

Dec. '20 to

Julyr Aug.r Sept.r Oct.r Nov.r Dec.p Dec. '21

Total index Previous estimates

101.2 101.0 100.0 101.3 102.0 101.9 .7 -.2 -1.0 1.2 .7 -.1

3.7

101.2 101.1 100.1 101.8 102.3

.8 -.1 -1.0 1.7 .5

Major market groups

Final Products Consumer goods Business equipment Nonindustrial supplies Construction Materials

101.5 100.9 100.4 100.8 101.8 101.1 1.6 -.6 -.5 .4 .9 -.7

2.4

100.8 100.3 99.8 99.8 101.1 100.2 .9 -.5 -.5 .0 1.3 -.9

-.2

96.0 95.1 94.8 95.2 95.6 95.1 3.0 -.9 -.3 .4 .4 -.5

3.7

97.2 97.6 98.2 98.5 99.5 99.2 .9 .4 .6 .3 1.0 -.3

3.4

99.3 99.6 101.2 101.9 104.0 104.3 1.3 .3 1.6 .6 2.1 .3

4.4

102.2 102.2 100.2 102.5 102.9 103.4 -.2 .0 -1.9 2.3 .5 .5

4.9

Major industry groups

Manufacturing (see note below) 99.5 99.0 98.5 99.9 100.5 100.2 1.4 -.6 -.5 1.4 .6 -.3

3.5

Previous estimates

99.6 99.1 98.6 99.9 100.6

1.4 -.5 -.5 1.4 .7

Mining

106.9 106.6 104.3 108.7 109.2 111.5 .1 -.4 -2.1 4.3 .5 2.0 11.0

Utilities

103.2 106.1 103.1 99.6 101.5 100.0 -3.0 2.8 -2.8 -3.4 1.9 -1.5 -3.4

Capacity utilization

Average 1988-

1972-

89

2020 high

1990- 1994-

91

95

low high

Percent of capacity

Capacity growth

2009 2020 2021

Dec. '20 to

low Dec. Julyr Aug.r Sept.r Oct.r Nov.r Dec.p Dec. '21

Total industry Previous estimates

79.6 85.2 78.8 85.1 66.6 74.1 76.2 76.0 75.2 76.1 76.6 76.5

.4

76.2 76.1 75.3 76.5 76.8

Manufacturing (see note below) 78.2 85.6 77.3 84.7 63.5 74.4 76.6 76.1 75.7 76.8 77.2 77.0

.2

Previous estimates

76.6 76.2 75.8 76.8 77.3

Mining

86.2 86.0 83.8 88.3 78.3 70.6 75.8 75.6 74.0 77.2 77.5 79.1 -1.0

Utilities

85.0 93.1 84.6 93.2 78.0 75.4 74.0 76.0 73.7 71.0 72.2 71.0

2.5

Stage-of-process groups

Crude

85.4 87.7 84.6 89.7 76.5 73.2 77.5 77.0 74.6 78.0 78.4 79.6

-.4

Primary and semifinished

80.2 86.5 78.1 87.9 63.5 74.1 75.1 75.4 74.9 75.0 75.7 75.2

.7

Finished

76.8 83.4 77.5 80.7 66.5 74.5 77.0 76.4 76.0 76.8 77.1 76.9

.1

r Revised. p Preliminary. Note. The statistics in this release cover output, capacity, and capacity utilization in the U.S. industrial sector, which is defined by the Federal Reserve to comprise manufacturing, mining, and electric and gas utilities. Mining is defined as all industries in sector 21 of the North American Industry Classification System (NAICS); electric and gas utilities are those in NAICS sectors 2211 and 2212. Manufacturing comprises NAICS manufacturing industries (sector 31-33) plus the logging industry and the newspaper, periodical, book, and directory publishing industries. Logging and publishing are classified elsewhere in NAICS (under agriculture and information, respectively), but historically they were considered to be manufacturing and were included in the industrial sector under the Standard Industrial Classification (SIC) system. In December 2002 the Federal Reserve reclassified all its industrial output data from the SIC system to NAICS.

1

industrial production in December was 3.7 percent higher than it was at the end of 2020 and 0.6 percent above its pre-pandemic (February 2020) reading. Capacity utilization for the industrial sector edged down 0.1 percentage point in December to 76.5 percent, a rate that is 3.1 percentage points below its long-run (1972?2020) average. Market Groups

Market groups posted mixed results in December. The production of consumer goods moved down nearly 1 percent, with decreases of 1 percent and 3 percent for durables and consumer energy products, respectively, and little change for non-energy nondurables. The indexes for business equipment and for business supplies each fell about 1/2 percent, while the indexes for defense and space equipment and for construction supplies each rose about 1/4 percent. The output of materials moved up 1/2 percent, with gains for nondurable materials and for energy materials. Industry Groups

Manufacturing production declined 0.3 percent in December but was up 31/2 percent over the past 12 months; in the fourth quarter, factory output rose nearly 5 percent at an annual rate. The index for motor vehicles and parts stepped down 1.3 percent in December and was about 6 percent lower than its year-earlier level. Excluding the motor vehicle sector, factory output dipped 0.2 percent, with similarly sized decreases for durables and nondurables. Within durables, miscellaneous manufacturing recorded the largest decrease (2.7 percent), while wood products and nonmetallic mineral products posted the largest increases (1.2 percent and 1.5 percent, respectively). Within nondurables, chemicals posted the largest gain (0.7 percent), but most other subcategories recorded losses of between 1 and 2 percent. The output of other manufacturing (publishing and logging) decreased 0.8 percent.

The index for mining increased 2.0 percent in December, primarily reflecting gains in the oil and gas sector. Mining output rose more than 15 percent at an annual rate in the fourth quarter and has risen more than 10 percent from its level of a year earlier. Even so, the index for mining in December was about 6 percent below its pre-pandemic level.

The decrease of 1.5 percent in the index for utilities in December primarily resulted from a drop in the output of gas utilities, as warmer-than-normal temperatures reduced demand for heating.

Capacity utilization for manufacturing decreased 0.2 percentage point in December to 77.0 percent, 1.5 percentage points higher than its pre-pandemic level but still 1.2 percentage points below its long-run average. The operating rates for mining and utilities increased to 79.1 percent and 71.0 percent, respectively, but both remained well below their long-run averages.

2

Tables 1. Industrial Production: Market and Industry Group Summary; percent change 2. Industrial Production: Special Aggregates and Selected Detail; percent change 3. Motor Vehicle Assemblies 4. Industrial Production: Market and Industry Group Summary; indexes 5. Industrial Production: Special Aggregates and Selected Detail; indexes 6. Diffusion Indexes of Industrial Production 7. Capacity Utilization 8. Industrial Capacity 9. Gross Value of Final Products and Nonindustrial Supplies

10. Gross-Value-Weighted Industrial Production: Stage-of-Process Groups 11. Historical Statistics: Total Industry 12. Historical Statistics: Manufacturing 13. Historical Statistics: Total Industry Excluding Selected High-Technology Industries 14. Historical Statistics: Manufacturing Excluding Selected High-Technology Industries 15. Industrial Production: Reliability Estimates Further detail is available on the Board's website (releases/G17/).

Revision of Industrial Production and Capacity Utilization The Federal Reserve Board plans to issue its annual revision to the indexes of industrial production (IP) and the related measures of capacity utilization in the second quarter of 2022. New annual benchmark data for manufacturing for 2020 will be incorporated, as well as other annual data, including information on the mining of metallic and nonmetallic minerals (except fuels). The updated IP indexes will include revisions to the monthly indicator (either product data or input data) and to seasonal factors for each industry. In addition, the estimation methods for some series may be changed. Any modifications to the methods for estimating the output of an industry will affect the index from 1972 to the present. Capacity and capacity utilization will be revised to incorporate data for manufacturing through the fourth quarter of 2021 from the U.S. Census Bureau's Quarterly Survey of Plant Capacity Utilization, along with new data on capacity from the U.S. Geological Survey, the U.S. Department of Energy, and other organizations.

3

1. Industrial production, capacity, and utilization

175 Total Manufacturing

150 125

100

Capacity

Ratio scale, 2017 output = 100 175 150 125

100

75

75

Production

50

Production: 2017 to present 105

50

100

95

90

85

80

75

2018

2020

25

25

1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020

Percent of capacity

95

95

Utilization

85

85

75

75

65

65

55

55

1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020

Note: The shaded areas are periods of business recession as defined by the National Bureau of Economic Research (NBER). 4

2. Industrial production and capacity utilization

Consumer goods 120 110 Nondurable

100

90

Durable

80

70

60

Ratio scale, 2017=100 120 110 100 90 80

70

60

50

50

2000 2005 2010 2015 2020

Equipment 160 140

120

Ratio scale, 2017=100 160 140

120

100

100

Business

80

80

Defense and Space

60

60

2000 2005 2010 2015 2020

Nonindustrial supplies 140 130 120 Construction

110

100 Other business

90

80

Ratio scale, 2017=100 140 130 120 110 100

90

80

70

70

2000 2005 2010 2015 2020

Industrial materials 140 130 120

110 Non-energy

100

90 Energy

80

Ratio scale, 2017=100 140 130 120 110 100

90

80

70

70

2000 2005 2010 2015 2020

Capacity utilization 90 85

80

Percent of capacity

90

Primary and

semifinished

85

processing 80

75

75

70 Excluding utilities

70

65

65

60

60

55

55

2000 2005 2010 2015 2020

Capacity utilization 95 90 Crude processing 85 80

75

70 Finished processing

65

Percent of capacity 95 90 85 80 75

70

65

60

60

55

55

2000 2005 2010 2015 2020

Note: The shaded areas are periods of business recession as defined by the National Bureau of Economic Research (NBER). 5

3. Industrial production of selected industries

Industrial production Excluding

high-technology industries

Total IP

1975

1980

1985

1990

1995

2000

2005

Ratio scale, 2017 output = 100 110 100 90

80

70 65 60 55 50

45

40

2010

2015

35 2020

Industrial production

1975

1980

1985

1990

Non-Energy Energy

1995

2000

2005

Ratio scale, 2017 output = 100 120 110 100 90

80

70

2010

2015

60 55 50 45

40

35 2020

Industrial production

Motor Vehicles and Parts

Ratio scale, 2017 output = 100 120 100 80

60

40

1975

1980

1985

1990

1995

2000

2005

2010

2015

20 2020

Notes: High-technology industries are defined as semiconductors and related electronic components (NAICS 3344), computers (NAICS 3341), and communications equipment (NAICS 3342).

The shaded areas represent periods of business recession as defined by the NBER.

6

Table 1 INDUSTRIAL PRODUCTION: MARKET AND INDUSTRY GROUP SUMMARY

Percent change, seasonally adjusted

Fourth quarter to

fourth quarter

Annual rate

Item

2020

2021

proportion1 2019 2020 2021 Q2 Q3r Q4p

2021 Julyr

Aug.r

Monthly rate Sept.r Oct.r

Nov.r

Dec.p

Dec. '20 to

Dec. '21

Total IP

100.00 -2.1 -4.3 4.5 6.5 3.5 4.0 .7 -.2 -1.0 1.2

.7 -.1

3.7

MARKET GROUPS Final products and nonindustrial supplies Consumer goods

Durable Automotive products Home electronics Appliances, furniture, carpeting Miscellaneous goods Nondurable Non-energy Foods and tobacco Clothing Chemical products Paper products Energy

56.60 -1.9 -3.4 3.8 1.5 5.3 2.6 1.4 -.3 -.2 .4 1.0 -.6 2.7

28.38 -1.3 -.8 1.4

.0 2.0 .2 .9 -.5 -.5

.0 1.3 -.9

-.2

6.01 -4.2 4.2 .0 -11.4 8.1 9.0 4.5 -1.9 -2.8 4.3 1.3 -1.0 -1.0

3.24 -5.2 5.1 -5.0 -21.2 10.2 12.2 8.2 -3.7 -5.7 7.8 1.9 -2.1 -6.4

.16

3.4 16.1 3.9 14.9 -8.8 1.5 -2.7

.3 -1.3 .4

.8

.7 3.1

.94 -2.9 5.2 .7 -13.5 2.7 -.4 .6 -1.6 -.5 .9 -1.6 2.9 1.9

1.67 -3.9 .7 9.9 9.9 8.7 9.0 .5 1.2 1.2 .2 1.7 -1.2 8.6

22.37

-.4 -2.2 1.9 3.5 .4 -2.1 .0 -.1

.1 -1.1 1.3 -.9

.0

16.87

.3 -.8 2.3 1.0 .4 3.6 .6 -.5

.6 .4

.5 -.1 1.2

9.94

1.3 -.4 .2 -4.3 -2.9 4.2 1.0 -1.8

.1 1.0

.8

.1

-.8

.20

1.9 -1.3 4.3 6.7 6.9 -5.0 .3

.7 1.1 -.9 -1.4 -1.4 2.6

5.33

.0 -.8 7.2 15.5 5.6 2.8 -.5 1.4 1.2 -.6

.2 -.2

5.5

.97 -6.0 -4.3 -2.6 -17.9 .0 9.1 1.6 2.5 1.5 1.0 -.8 -.5 -1.3

5.50 -2.5 -6.6 .8 11.1 .6 -16.0 -1.6 1.0 -1.0 -5.1 3.5 -3.0 -3.2

Business equipment Transit Information processing Industrial and other Defense and space equipment

9.20 -4.2 -8.4 4.7

.1 9.8 .0 3.0 -.9 -.3

.4

.4 -.5

3.7

2.12 -6.1 -23.7 -3.3 -28.2 9.2 7.3 6.2 -3.4 -3.2 5.8

.5 -2.5 -5.9

2.09

1.5 3.6 7.7 19.3 9.4 -3.5 1.2

.5 -1.5 -.6

.4

.9 7.9

4.99 -5.3 -4.5 7.5 8.8 10.2 -1.7 2.2 -.3 1.5 -1.5

.3 -.1

6.8

2.80 10.9 1.9 16.0 10.2 21.2 6.6 2.8 -.8 -1.0 2.7 -.4

.3 17.4

Construction supplies Business supplies

4.98 10.67

-2.4 -.4 4.5 -3.0 3.7 13.9 1.3 -3.0 -5.0 3.7 5.5 5.2 2.4 .7

.3 1.6 .6 2.1

.3 4.4

.5

.1 .2

.6 -.6 2.8

Materials Non-energy Durable Consumer parts Equipment parts Other Nondurable

Textile Paper Chemical Energy

43.40 -2.5 -5.5 5.3 13.2 1.2 5.7 -.2

.0 -1.9 2.3

.5

.5 4.9

27.45 -4.3 -1.7 4.2 9.8 1.3 6.1 .5 -.2 -1.2 1.9

.7

.1 4.0

16.71 -5.1 -2.8 4.0 -.9 4.1 5.7 1.2 -.1 -1.0 1.6

.8 -.1

3.6

2.46 -10.7 1.1 .0 -16.9 5.0 10.1 3.7 -1.8 -4.2 5.7

.0 1.1 -1.1

4.86 -1.6 -1.6 6.3 8.3 6.3 -1.5 1.7 -1.1

.7 -.1 -.4 -.5 5.6

9.39 -5.2 -4.7 3.9 -.5 2.7 8.3 .3

.8 -1.0 1.4 1.6 -.2 3.9

10.74 -3.0 .2 4.5 29.2 -2.9 6.7 -.6 -.3 -1.6 2.3

.6

.5 4.7

.35 -3.8 -4.8 6.0 10.3 -.7 8.7 .8 -2.1 3.7 -1.5 2.8

.1 5.8

1.63 -1.3 -7.5 3.7 10.7 5.9 3.5 1.3

.6

.8 -.3 1.4 -1.4 3.4

5.27 -5.6 3.0 6.4 61.7 -5.3 7.3 -.8 -1.3 -3.8 4.0

.8 1.0

6.9

15.95

.6 -12.3 7.3 19.0 1.2 5.2 -1.2

.3 -3.0 2.9

.0 1.0 6.5

INDUSTRY GROUPS Manufacturing Manufacturing (NAICS)

Durable manufacturing Wood products Nonmetallic mineral products Primary metals Fabricated metal products Machinery Computer and electronic products Electrical equip., appliances, and components Motor vehicles and parts Aerospace and miscellaneous transportation equipment Furniture and related products Miscellaneous

31?33

321 327 331 332 333 334

335 3361?3

3364?9 337 339

75.90 -2.6 -2.5 4.2 5.0 4.0 4.9 1.4 -.6 -.5 1.4

.6 -.3

3.5

73.88 -2.4 -2.4 4.4 5.8 4.1 4.8 1.4 -.7 -.5 1.4

.7 -.3

3.7

38.14 -3.3 -2.6 4.5 -.2 7.7 3.9 2.5 -.8 -.7 1.4

.6 -.4

3.8

1.71 -1.1 .2 2.2 .3 -2.8 6.8 .8 -1.0

.7 .4

.9 1.2

.6

2.29 -2.2 .9 -.2 -7.9 5.0 7.1 1.2

.2

.2 -1.0 3.0 1.5

-.7

2.28 -7.5 -6.7 9.6 20.0 5.4 3.8 1.5 -.6 -1.0 1.9 -.1 -.2 9.4

5.95 -3.9 -5.9 5.0 3.1 3.5 5.7 .1

.5

.7 .6

.9 -1.2 4.2

5.40 -6.7 -.2 7.6 4.5 9.2 1.4 2.8 -.9

.5 .3 -.3

.7 8.0

4.96

2.3 4.1 7.4 18.7 7.0 -2.2 .8

.4 -1.2 -.4

.3

.7 7.5

1.85 -3.3 -2.0 4.5 2.1 4.7 -2.3 3.2 -1.7 1.1 -.7 -.1

.0 3.8

4.89 -8.4 2.8 -5.0 -24.6 4.8 25.1 7.4 -3.3 -6.1 10.8 1.7 -1.3 -5.9

4.76

3.8 -13.4 8.7 -5.6 21.3 -3.7 4.2 -2.1 -.7

.8 -.3 -1.0

7.9

1.23 -3.9 -5.5 3.1 -2.1 5.8 7.7 -.4

.8 1.6 .0

.5

.5 3.0

2.82 -4.7 -1.4 5.1 4.0 9.8 -4.9 1.7

.3

.1 -1.3 1.3 -2.7 2.5

Nondurable manufacturing Food, beverage, and tobacco products Textile and product mills Apparel and leather Paper Printing and support Petroleum and coal products Chemicals Plastics and rubber products

311,2 313,4 315,6

322 323 324 325 326

35.75 -1.5 -2.2 4.3 12.9 .3 5.7 .3 -.5 -.3 1.3

.8 -.2

3.6

12.42

1.4 -.3 .4 -3.1 -3.1 4.7 .4 -1.2

.2 .9

.6

.2

-.4

.63 -3.8 -5.6 4.6 4.8 -3.4 6.2 .6 -2.0 2.7 -.7 1.7

.1 4.1

.22

1.5 -.9 4.3 6.6 6.4 -5.8 .2 1.1

.6 -.9 -1.2 -1.5 2.6

2.40 -1.4 -3.6 .8 4.7 .5 2.3 1.1

.5

.0 -.1 1.3 -1.2

.4

1.34 -3.7 -8.3 7.4 17.1 10.9 7.9 .1 -.4 2.5 1.3 -.3 -1.8 5.6

3.34 -1.2 -12.1 10.5 26.2 -4.8 4.5 -.2 -1.1 -.2 1.4 1.1 -1.6 7.5

11.85 -3.1 .0 7.1 36.9 1.1 7.6 -.2 -.2 -1.6 2.3

.7

.7 7.2

3.53 -5.1 -2.2 4.2 -5.5 12.4 6.3 1.6

.6

.6 .7 1.3 -1.8 3.1

Other manufacturing (non-NAICS)

1133,5111

2.01 -7.6 -9.1 -3.8 -21.4 .4 9.1 .5 3.5 2.0 1.3 -1.9 -.8 -2.5

Mining Utilities Electric Natural gas

21 2211,2

2211 2212

12.17 11.94 10.29 1.64

.5 -16.6 10.7 22.1 -.8 15.6 .1 -1.7 -3.2 -.2 .3 5.4 -13.7 -3.0 -1.3 -2.1 .9 -2.0 6.6 -9.6 -3.4 -4.1 -9.9 -6.4 15.3 -1.5 -34.6 -.4

-.4 -2.1 4.3

.5 2.0 11.0

2.8 -2.8 -3.4 1.9 -1.5 -3.4

3.2 -3.1 -1.5

.3 -.4 -1.9

.5 -1.4 -14.0 12.6 -7.9 -12.3

r Revised. p Preliminary. 1. The proportion data are the relative weights for the rates of change for each series in the computation of the change in total industrial production in the following year. Note. Under the industry groups, the figures to the right of the series descriptions are 2017 North American Industry Classification System (NAICS) codes. The abbreviation pt denotes part of a NAICS code. Additional industry detail is available on the Board's website (releases/G17/20220114/default sup.htm). Under market groups, in the products category, miscellaneous consumer nondurables, oil and gas well drilling, and manufactured homes are not shown separately; in the nondurable materials category, containers and miscellaneous nondurable materials are not shown separately.

7

Table 2 INDUSTRIAL PRODUCTION: SPECIAL AGGREGATES AND SELECTED DETAIL

Percent change, seasonally adjusted

Fourth quarter to

fourth quarter

Annual rate

Item

2020

2021

proportion 2019 2020 2021 Q2 Q3r Q4p

2021 Julyr

Aug.r

Monthly rate Sept.r Oct.r

Nov.r

Dec.p

Dec. '20 to

Dec. '21

Total industry

100.00 -2.1 -4.3 4.5 6.5 3.5 4.0

.7 -.2 -1.0 1.2

.7 -.1 3.7

Energy Consumer products Commercial products Oil and gas well drilling Converted fuel Primary energy

213111

24.65 -.4 -11.8 6.7 16.8 2.4

.2 -1.1

5.50 -2.5 -6.6

.8 11.1

.6 -16.0 -1.6

2.69

.3 -9.5 7.0 12.1 7.3 -2.5 -.5

.50 -11.1 -48.3 63.5 41.5 42.9 50.2 6.1

5.11 -2.7 -4.5 4.4 12.2 2.3 -4.1 -3.7

10.84 2.1 -15.9 8.6 22.5

.7 9.4

.0

.6 -2.2 .8 1.0 -1.0 -5.1 1.0 -.1 -1.4 1.1 -1.2 9.3 1.9 -5.5 1.8 -.3 -2.0 3.4

.9

.1 5.0

3.5 -3.0 -3.2

.8 -.1 4.9

.7 3.7 54.6

.8 -.6 2.1

-.3 1.6 8.5

Non-energy

75.35 -2.7 -1.9 3.8 3.2 3.9 5.4 1.3 -.4 -.5 1.4

.7 -.2 3.3

Selected high-technology industries Computers and peripheral equipment Communications equipment Semiconductors and related electronic components

3341 3342

3344

2.17 6.1 9.2 5.8 14.0 -4.4 1.4 -.9 -.2

.4 -.3

.6

.3 5.5

.28 12.2 19.0 6.8 12.1 -9.9 21.0 -3.8 1.3 1.2 .8 3.3 1.8 7.8

.60 4.3 13.0 1.4 9.8 -12.4 -11.4 -1.9 -1.2 -1.0 -1.8 -.2

.0 -.1

1.29 5.6 5.9 7.8 16.6 1.1 3.8

.3 -.1

.8 .1

.4

.1 7.7

Excluding selected high-technology industries

73.18 -3.0 -2.3 3.7 2.9 4.1 5.5 1.4 -.4 -.5 1.4

.7 -.2 3.2

Motor vehicles and parts Motor vehicles Motor vehicle parts

3361?3 3361 3363

4.89 -8.4 2.46 -8.5 2.00 -8.1

2.8 -5.0 -24.6 3.3 -10.8 -31.7 .6 -1.1 -14.1

4.8 25.1 7.4 -3.3 -6.1 10.8 -.6 36.7 10.9 -6.4 -10.5 17.9 1.8 15.6 2.9 -.7 -3.2 5.4

1.7 -1.3 -5.9

3.2 -2.8 -11.8

.8

.9 -1.1

Excluding motor vehicles and parts Consumer goods Business equipment Construction supplies Business supplies Materials

68.29 -2.5 -2.6 4.4 5.3 4.1 4.2 1.0 -.2 -.1 .8

.6 -.1 3.9

20.00 -.4 -.3 2.8

.9 1.9 2.9

.8 -.5

.5 .2

.6 -.2 1.8

7.79 -4.0 -10.8 6.1 3.2 12.3 -3.5 2.6 -.5

.4 -.9

.0 -.2 5.0

4.96 -2.4 -.4 4.5 -3.1 3.7 14.0 1.3

.3 1.6 .6 2.1

.3 4.4

7.58 -4.7 -4.1 2.3 2.6 4.6 4.2 1.1

.3

.2 .8

.5 -.8 1.9

25.14 -4.2 -2.1 4.5 11.6 1.3 5.4

.3 -.1 -1.1 1.6

.7

.1 4.3

Measures excluding selected high-technology industries

Total industry Manufacturing1 Durable

Measures excluding motor vehicles and parts

Total industry Manufacturing1

Durable

Measures excluding selected high-technology industries and motor vehicles and parts

Total industry Manufacturing1

97.83 -2.3 -4.6 4.4 6.3 3.6 4.0

.7 -.2 -1.0 1.3

73.72 -2.8 -2.9 4.1 4.8 4.2 5.0 1.5 -.6 -.5 1.4

36.12 -3.8 -3.4 4.3 -1.1 8.5 4.0 2.6 -.9 -.7 1.5

.7 -.1 3.6 .6 -.3 3.5 .6 -.4 3.7

95.11 -1.8 -4.7 5.0 8.4 3.4 3.0

.4

.0 -.7 .8

71.00 -2.1 -2.9 4.9 7.6 3.9 3.6 1.0 -.4 -.1 .8

33.41 -2.4 -3.4 6.0 3.9 8.1 1.1 1.8 -.5

.1 .2

.7

.0 4.2

.5 -.2 4.3

.4 -.2 5.4

92.93 -2.0 -5.0 5.0 8.3 3.6 3.0

.4

.0 -.7 .8

68.83 -2.4 -3.3 4.9 7.3 4.2 3.7 1.1 -.4 -.1 .8

.7

.0 4.2

.5 -.2 4.3

Stage-of-process components of non-energy materials, measures of the input to

Finished processors Primary and semifinished processors

9.29 -4.4 -1.9 4.0 1.0 5.6 2.8 2.2 -1.0 -.5 1.4

.1 -.2 3.3

18.15 -4.3 -1.5 4.2 14.6 -.8 7.7 -.3

.2 -1.6 2.1 1.0

.3 4.4

r Revised. p Preliminary. 1. The composition of manufacturing is specified in a note for the summary table.

Table 3 MOTOR VEHICLE ASSEMBLIES

Millions of units, seasonally adjusted annual rate

2021

2021

Item

average

Q1

Q2

Q3

Q4

2021

July

Aug.

Sept.

Oct.

Nov.

Dec.

Total Autos Trucks Light Medium and heavy

9.13

9.71 8.98 8.51 9.33

9.14

8.70

7.69

9.15

9.58

9.28

1.56

1.76 1.53 1.39 1.61

1.69

1.47

1.01

1.51

1.55

1.78

7.57

7.94 7.45 7.12 7.72

7.45

7.23

6.68

7.63

8.03

7.50

7.29

7.65 7.18 6.85 7.41

7.18

6.97

6.41

7.33

7.71

7.20

.28

.29

.27

.27

.31

.27

.26

.26

.31

.32

.30

Memo Autos and light trucks

8.85

9.42 8.71 8.24 9.02

8.87

8.44

7.42

8.84

9.25

8.98

Note. Seasonal factors and underlying data for auto, light truck, and medium and heavy truck production are available on the Board's website, releases/G17/mvsf.htm

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